Monthly Archives

May 2016

Large diamond rough sells for unprecedented 63.1 million.

Lucara’s Diamond Sale of a Lifetime

By | In the News, Uncategorized

In a somewhat underplayed announcement this week, Lucara Diamond Corporation unveiled the most expensive rough diamond ever sold. A short press statement – initially sent without pictures – reported the 812.77-carat stone named ‘The Constellation’ sold for $63.1 million breaking “all records” for a rough diamond.

Ordinarily, Lucara would be making a bigger fuss about this eye-popping sale. But the company, along with the diamond and investment communities, knows this was a mere curtain raiser. The record is bound to be smashed when the 1,109-carat Lesedi La Rona diamond goes under the hammer at Sotheby’s London on June 29.

Sotheby’s set a $70 million pre-sale estimate for the stone, which is acknowledged to be the second-largest rough diamond ever recovered.

Read the full story at

American Jewelry & Loan thanks you for your business!

Get the CREDIT you deserve with our EASY FINANCING!

By | Uncategorized

For over 35 years, American Jewelry and Loan has offered an unparalleled selection of luxury watches, estate jewelry, gemstones, engagement rings, and more at a fraction of the retail price.

Now, we are proud to offer in-store financing to our customers.

Your application can be approved in just minutes! See our store for more details. This program is currently only available for in-store purchases at our THREE Metro Detroit locations.



Power to the Grid empowers adults on the autism spectrum, giving them employment opportunities where they can realize their full potential.

Program helps autistic workers find their niche

By | In the News

Read the full article at Detroit News: Michael Sanchirico is a whiz with a camera and works effortlessly with software like Photoshop. Yet for years, the talented artist and writer toiled at a retail job, sweeping floors, unloading trucks and feeling frustrated that employers couldn’t see his potential.

With the help of a program known as Power to the Grid, Sanchirico now collaborates with the staff at Detroit’s American Jewelry & Loan to create product photography and online sales projects. It’s a position ideally suited for Sanchirico, who is on the autism spectrum and struggled with the hiring process.

“I sent out so many resumes, but I never got a ‘yes’ after an interview,” said Sanchirico, who lives in Brighton and has a bachelor’s degree from Western Michigan University. “(Power to the Grid) has been invaluable.”

Created in 2014, Power to the Grid is a business focused on the hiring, training and placement of gifted individuals with autism, such as Sanchirico, said co-founder Stefan Kogler. Kogler said his goal is to show that if Power to the Grid can work in Detroit’s biggest pawn shop, it can work for employers of all sizes and industries.

American Jewelry & Loan was the right partner to launch Power to the Grid in a real-life workplace, said Kogler. Owners Les and Seth Gold wanted to expand their online stores, they appreciated smart risks and they understood the group’s approach. The shop’s on-site training center provides entry-level jobs with an opportunity to advance both at American and with other employers.

Read the full article at Detroit News:

Les Gold on rare and valuable coins & paper money. Currency Collecting

By | Other Bloggers
[via] The United States Department of the Treasury has recently announced that the $20, $10 and $5 bills will be getting makeovers to honor America’s history. The new designs will feature notable women, including Harriet Tubman on the face of the $20 bill, and will be revealed in 2020 to celebrate the bicentennial of women’s suffrage. This exciting overhaul to the design of American currency has left us with money on the mind!

As a pawnshop, we often deal in collectible currencies. American currency has a long history, beginning with the use of colonial notes in the 1690s. Many people collect old or rare banknotes and coins, and some of these currencies can be extremely valuable.

The worth of collectible currency depends on age — the older the better — and condition. Both coins and paper money are graded on a scale of 70 points, with a grade of 70 indicating the currency shows no evidence of handling at five times magnification.

Keeping age and condition in mind, check your piggy bank for the following collectible coins and paper bills.

Read the full article for a list of specific currency to be watch for and other tips and insights.

Seth Gold Attends NPA Legislative Conference in Washington DC

By | In the News

Last week, more than 50 pawnbrokers met with Members of Congress and their staff on Capitol Hill as part of the 2016 NPA Legislative Conference.

Seth Gold was among the attendees, representing 23 states. They were introduced to Rep. David A. Scott (D-GA) at the briefing prior to the Capitol Hill visits. Rep. Scott commented about the importance of the pawn industry to the unbanked and under-banked consumer. Read more at the National Pawnbrokers Association website.

Discover The D Hometown Tourist Day

By | Detroit Love

Be sure to stop by Campus Martius Park on May 6 for the Discover The D Hometown Tourist Day–Les and Seth will be there! Find out about exciting attractions and events right in your backyard. Representatives from local hotels, restaurants and attractions will be on hand giving out information and coupons for you to get out and experience The D. Don’t miss the chance to win hometown tourism packages, including stays at metro Detroit hotels, restaurant gift cards and passes to local attractions. It is time for you to Discover The D!

This event is hosted by the Detroit Metro Convention & Visitors Bureau, for more information go to or call 313-202-1800.

Hours 11 a.m.–2 p.m.