On Tuesday evening, May 15, the hammer fell at a staggering $6.7 million at Sotheby’s auction house in Geneva for the extraordinary and magnificent Farnese Blue diamond. The sparkling pear-shaped diamond weighs 6.16 carats and is encircled by a crown of cushion-shaped diamonds. The Fancy Dark Grey-Blue gemstone had been in private hands for over … Continue reading The Rare Farnese Blue Diamond: Fit for a Queen
Literally translating to “whirlwind” in French, the tourbillon is an added mechanism on timepieces that was originally purposed to improve accuracy in pocket watches. Although the tourbillon has little effect on precision on today’s modern wrist watches, the complexity and craftsmanship of the tourbillon has made it highly desirable. Often brought into New York Loan … Continue reading Watch Lessons – The Tourbillon
While New York Loan Company is known mostly for its luxury jewelry, watches and high-end artwork; they also make loans on silver. Towle, Buccallati, Wallace and Tiffany & Co. are a few of the luxury silver manufacturers that we work with. Coins, flatware and collectables in sterling silver or coin silver can have significant value, … Continue reading Coin & Sterling Silver – What is it and how can I pawn it?
Due to popular TV shows bringing the pawn business into the spotlight, more people than ever before are curious about collateral lenders and their businesses. Pawn loans can be confusing and somewhat intimidating to those who have never had a collateral lending experience before, and New York Loan would like to help answer common questions. … Continue reading What is a Pawn Loan and Why is it The Right Option for Me?
New York Loan Company is considered a luxury pawnshop, and with 493 pawn brokers in Manhattan alone, it’s an important distinction. Pawnbrokers have been around for centuries, but the term “Luxury Pawnshop” wasn’t coined until 1938, the year in which Louis Zimmleman founded Beverly Loan Company, the first high end establishment providing pawn loans against … Continue reading What is a Luxury Pawnshop Anyway?
Most Americans find themselves in a cash-crunch at some point in their lives, and many have considered selling their prized possessions to fill that gap. Jordan Tabach-Bank, the owner and CEO of both Beverly Loan Company & New York Loan Company wants the elite of Manhattan to consider all of their options. “Due to the … Continue reading Pawning vs. Selling – which option is best for me?
New York Loan Company was excited to receive a visit from Seth Gold and Ashley Broad, stars of TruTV’s hit reality show Hardcore Pawn. Seth and Ashley were in town for an interview with Fox & Friends, a show on Fox News that is filmed across the street from New York City’s Diamond District, where … Continue reading Hardcore Pawn Visits New York Loan
As retailers like Tiffany & Co., Saks Inc., Best Buy Co. and Wal-Mart Stores Inc. vie for last-minute holiday sales, customers are being drawn away by a growing crop of competitors: pawn shops.
When it comes to securing a pawn loan on high-end or luxury items, savvy consumers provide more information about their collateral than one might think.