What is a pledge?
A pledge is an item of value, which is used as security against a loan. The pledge can be exchanged immediately for a specified cash amount.

What is pawnbroking?
Pawnbroking is the business of advancing loans that are secured against pledges of personal assets. Those assets could include anything from jewellery, watches, and gold, to silverware, fine artwork, and antiques. It is among the oldest forms of banking, with origins reaching back to China 3000 years ago.

What are the advantages of pawnbroking?
With confidential service, no credit checks, and minimal paperwork, pawnbroking provides instant cash, while still allowing you to retain ownership of your valuable items. It’s quick and easy.

How much can I borrow against a pledge?
This depends on the value of the item(s) you pledge.

How do I redeem my pledge?
Redeeming your pledge is simple with Broadway Jewellers. Just bring in your pledge contract and the amount lent to you, including interest owed to redeem your item, to the location where you made your pledge. We’ll return your item to you on the spot.

How much time do I have to redeem a pledge?
You can redeem your pledge at any time within your 6-month contract with Broadway Jewellers. If you choose, you can re-pledge your item at the end of your current contract with a new valuation and contract.

How quickly can I obtain my loan?
Most loans can be completed within an 15 minutes at Broadway Jewellers.

Is my transaction with Broadway Jewellers private?
Loans from Broadway Jewellers are private and confidential. There are no credit checks and only minimal paperwork.

How is gold valued?
Gold is sold by the pennyweight. Twenty pennyweights (DWT) equal 1 Troy ounce. A Troy ounce weighs 31.1 grams. The number of “carats” indicates the amount of gold within a given item. The percentage of gold in jewellery ranges from 24 carat (24ct) for pure gold to 9 carat (9ct) items in which only 37.5% of the metals are gold.

How are diamonds valued?
Diamonds are valued by their cut, clarity, carat weight, and colour. The cut determines a diamond’s brilliance. For clarity, a diamond is assessed for its natural inclusions and those with the fewest received the highest clarity grades. Colour is evaluated on a scale ranging from white to yellow. Diamonds with less colour receive higher grades. A carat is a specific measure used for weighing diamonds.

How is silver valued?
Depending on the item, silver may be valued solely for its weight, or also for its hallmark, condition, pattern, and desirability or its antique value, along with comparable recent prices. Pure silver is also called “Sterling” silver and bears a lion hallmark to prove that it is 92.5% pure.

What is a hallmark?
The hallmark originated in 14th Century London to represent the mark of Goldsmiths’ Hall of the Worshipful Company of Goldsmiths. The Hall continues to maintain a record of all British hallmarks today. British hallmarks typically include an assay office mark to certify its metal purity, a letter representing the date, and a maker’s mark.

Is pawnbroking regulated by the government?
As a pawnbroker, Broadway Jewellers is regulated by the Office of Fair Trading and holds a current Consumer Credit Licence under registered number 0466653. As a licenced pawnbroker, we comply with the Consumer Credit Act 1974, all supporting Consumer Credit Regulations and most recently the Consumer Credit (EU Directive) Regulations 2010. We are also fully compliant with the Guidance issued by our Regulator.