We Continue to Educate the Masses …

Pawnlandia Pawnshop Comprehensive Training on Jewelry Appraising/Pawnshop Operation and Management …

A Mandatory Employee Training on the aspects of pawn operation … Actual and hands on …

Pawnshop Tools & Equipment Price List

 

Gold Tester Needle (8k-22K)  –  P3,800

Set Black Stone with Acid Bottle  –  P1,500

 

Lens Loupe 10X Tripplet  –  P1,800

Digital Pocket Scale  –  P1,800

 

GK 300 Precious Metal Tester (Japan) –  P56,000

Black Stone with acid bottles (US made) P2,800

Foredom P6,500

Diamond Selector P7,500

Set of file “kikil” P380

Plastic Estimator P1,200 (US)

 

 

 

Prices are subject for price increase..

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1st Batch on Gadget Appraisal Training

CONGRATULATIONS  – MIMPSS – 1st Batch Graduates for Gadget Appraisal Training!

1) Mr. Lino Naguit – Sta. Monica Pawnshop, Inc. (San Fernando Pampanga)

2) Monette Mangulabnan – Sta. Monica Pawnshop, Inc. (San Fernando Pampanga)

3) Gretchen Pagcu  –  Sta. Monica Pawnshop, Inc. (San Fernando Pampanga)

4) Helen Romero –   HTR Pawnshop (FloridaBlanca, San Fernando Pampanga)

5) Angielet Tolentino  –  Rural Bank Luisiana

6) GlaizT. Balahadia – Rural Bank Luisiana

7) Maurine P. Villamor – Rural Bank Luisiana

MIM Pawnshop Skills and Services – Diamond Appraisal Course

MIM Pawnshop Skills And Services

What is the value of a diamond? If you own a pawnshop or want to buy and sell diamonds it is a critical question that your profit margin depends on.

The answer to the question is that appraising diamonds is a complex task. It is a task that only an appraiser with skill and experience can answer. There is no room for mistakes.

That is why training is so critical when it comes to diamond appraisal. Training is the process of developing skills in order to more effectively perform a specific task. It emphasizes achieving a certain level of skill attainment. The goal of the training is to teach someone to be able to successfully perform procedures such as appraising diamonds and precious metals. In return, a positive return on investment comes from the benefits gained by applying the new knowledge, skills, and information.

A Diamond appraisal procedure involves multiple skills. This is where the training from MIM Pawnshop Skills and Services outperforms its competitors. My training for diamond appraisal is very much a hands-on course that takes the student from the beginning to the end of a procedure. I believe in the hands-on method where the more you practice a skill the better you get at it. Some may believe that is old-fashioned but in my experience it works best. Hands-on training is also a method proven to be effective when training adult students. After a hands-on training course the student come away with better skills than in an all lecture course.

I go over the material as often as is necessary and I am always there to guide and answer questions. I have been in the pawnshop industry my entire adult life and I take pride in teaching the procedures that have worked for me throughout my career.  I know these procedures will work for you. Finally, I take the right amount of time and cover the points necessary to perform proper appraisals of gold and diamonds.

MIM Pawnshop Skills and Services Appraisal Diamond appraisal courses include a thorough covering of procedures to appraise 4 C’s of a diamond.  The 4 Cs are the most important and relevant points when determining the quality of a diamond.

CARAT WEIGHT

 
Carat is the unit of weight for all gemstones. One carat is subdivided into 100 “points”. Therefore a diamond measuring 75 points is 3/4 carat in weight, or 0.75ct. There are five carats in a gram.

carat – weight

 CUT 

When applied to diamonds, the term “cut” simply refers to the cut of the diamond. The “Cut” of a diamond ensures that a given stone has maximum brilliance and sparkle which would not be the case if the stone cut for weight alone.

The overall cut grade is assigned on a scale from Excellent to Poor and depends on the proportions, angles, polish and symmetry of the facets. If any one feature is out of line the entire cut grade is affected. An excellent cut grade is preferred as it maximizes the diamond’s light performance. A low cut grade is often assigned to diamonds that are too shallow or too deep which results in lower shine.

 

diamond shapes

 

COLOR

Ideally, a diamond should have no color at all, like a drop of spring water. Increasing degrees of body color are measured on a scale ranging from no color at all (D) to deeply colored (Z). Beyond “Z” is the range where the diamond’s color is vivid and rich, called “fancy colors”.

Diamond Color Examples  

CLARITY

A diamond’s clarity is determined by the number, nature, position, size and color of internal characteristics called “inclusions” and surface features called “blemishes”. These irregularities occurred when nature created the diamond and show themselves as the various characteristics which make up the clarity of a diamond (included crystals, feathers, clouds etc).

Clarity is measured on a scale ranging from pure (flawless) to heavily included (I-3). The clarity of a diamond is graded by using 10X magnification under good lighting by an experienced grader. The final clarity grade is usually determined by how easy the inclusions and blemishes are for the grader to see.

diamond clarity chart

 

Other procedures included in the Diamomd appraisal course are

1.      The Procedure in testing gold

2.      The Procedure in appraising gold

3.      How to determine the approximate current price range of diamond’s loan / market value.

If you own a pawnshop or want to buy and sell diamonds, do not leave your appraisals to chance. There is no room for mistakes when appraising diamonds. MIM Pawnship Skill and Services Diamond Appraisal Course is designed to teach the appraiser how to precisely determine the price of a diamond by following step-by-step procedures.

You can contact me by using the form below or see the contact page above for other contact information.

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MIMPSS thanks Mr. Art Araos, the Directors, Officers and staff of the Rural Bank of Pozorrubio, Inc.

I would like to thank Mr. Art Araos, as well as the Directors, officers and staff of the Rural Bank of Pozorrubio, Inc., for choosing MIMPSS in giving them the right knowledge and formal training on gold and diamond appraising. They are now set on the jewelry loan business with my assistance. The best of luck!!!!

MIMPSS congratulates the De Leon Pawnshop

 Another SUCCESSFUL graduate of the MIM Pawnshop Skills and ServicesSS Diamond course.

My Congratulations to the managers of the De Leon Pawnshop (Visayas region) and to Mr. Boyet De Leon, owner of the De Leon pawnshop. I salute you sir in handling all your staffs so well. You deserve to have them and to all of you guys you are so lucky to have a boss like Mr. De Leon. Keep up your GOOD work…More power to you all…

In the Pawnshop Industry Training Is a Must

Pawnshops in the Philippines are still poised for more expansion. This is on top of the very large growth in the pawnshop industry over the last several years.  This is partly because of the demand for financial services that pawnshops provide. Filipinos who do not have access to banks and other lending institutions can go to a pawnshop and receive cash for a hard asset in a few minutes rather than trying to go to the bank for a loan.

This growth in the pawnshop industry represents new jobs, new opportunities and new challenges. For an individual looking to get started in the pawn industry this is an opportunity to get a new profession. For the owners of pawnshops it raises the challenge of making sure that their assessors are properly trained.

Training will be an important component of the pawnshop industry in years to come. An individual that has training will surely be hired to a position before one that doesn’t have training. And an individual will also surely find it easier to move into a higher position if they have the proper training. For pawnshop owners, the challenge is to make sure their staffs are properly trained to avoid costly mistakes

In today’s world, pawnshops see more electronic instruments like cell phones than in the past and less jewelry. Yet the ever rising prices for precious metals make appraisal for gold and silver just as important as it ever was. The last thing a pawnshop needs is a bad appraisal on precious metals.  This is where the training comes in.

Training is the process of developing skills in order to more effectively perform a specific task. It emphasizes achieving a certain level of skill attainment. And the goal of training is to teach someone to be able to successfully perform a procedure such as appraising jewelry for its gold content or appraising a diamond for its karat value.

Of course, training costs money.  And whether it is an individual student or a pawnshop that is paying for a training course there is always a cost benefit analysis to perform. An individual must ask him/herself will this training benefit me and, in the end, will I get more out of it than I put into it? If a pawnshop is thinking of training its staff, they must also determine if the training will add to their profit margin. In other words, no one pays for training just to spend money. There has to be a benefit from it.

First, for an individual looking to get started in a new career, I believe training in pawnshops skills is training in the right industry. The job growth is there to make the training valuable.

Second for an established pawnshop, the growth of the industry and rising precious metals prices make training a must. A pawnshop that makes incorrect appraisals is a pawnshop that won’t be around long.

This is where the training from MIM Pawnshop Skills and Services outperforms its competitors. My training is part lecture but very much a hands-on course that takes the student from the beginning to the end of a procedure. I believe in the hands-on method where the more you practice a skill the better you get at it. Some may believe that is old-fashioned but in my experience it works best. After a hands-on training course the students come away with better skills than an all lecture course.

I go over the material as often as is necessary and I am always there to guide and answer questions. I have been in the pawnshop industry my entire adult life and  I take pride in teaching the procedures that have worked for me throughout my career.  I know these procedures will work for you. Finally, I take the right amount of time on a subject and cover the points necessary to perform proper appraisals of gold and diamonds.

If you are interested in getting into the pawnshop industry, my training will help get you started. If you are an established pawnshop, training your staff with my courses will lead to more accurate appraisals that go to your profit margin.

In either case, don’t hesitate to contact me for details.

MIM Pawnshop Skills and Services Appraisal training courses include but are not limited to:

         GOLD APPRAISAL 

• Tools and equipment and the art to use
• Distinguished the different “ KARAT “ fineness in gold
• Procedure in testing gold
• Procedure in appraising gold
• Formula in computing the conversion of troy ounce into grams
• The computation of gold volume per karat per gram (loan value /market value)

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MIM reaches out to the provinces

For those of you who don’t know, I am based in Metro Manila. But I want to reach out to those individuals aspiring to be professional appraisers of precious metals and diamonds and to the pawnshops in the provinces. MIM sees a need to raise the skills of appraising in the provinces. Our hands-on pawnshop skill courses are tailor made to make our students successful. I teach tried and true appraisal techniques that can help a pawnshop raise the level of training of its staff appraisers or help an individual get started in the pawnshop industry.

MIM is ready to travel to you to train the skills necessary to assess silver, gold, and diamonds. Contact me for details.

LGRS Pawnshop in Bataan – MIMPSS Graduate

MIMPSS jewelry assesing graduates from LGRS Pawnshop

Pawnshops should be ready for the price of silver to double. Are your assessors properly trained?

If news about silver coming from the United States has any truth to it, Philippine pawnshops will need to ensure their employees can accurately assess the silver content in jewelry.  Silver doesn’t have the reputation that gold does as a precious metal and is not seen nearly as often in Philippine pawnshops. But that may be about to change with news that the price of silver could easily double.  And worse, because silver hasn’t been seen as a precious here, many appraisers may not have the skills to properly asses silver content.

There has long been the contention of those in the silver investment community that the price of sliver has been intentionally kept low by central governments to lessen its completion for paper money.  This apparent manipulation may be close to an end as civil and criminal investigations have been launched by agencies of the United States government against JP Morgan Chase for manipulating silver prices. The speculation, and that is all it is, is that the price of silver may double in the coming months.

The breaking news comes today from the New York Post via the Zero Hedge website. The Zero Hedge post is short and I will reprint it all.

Civil And Criminal Probes Launched Against JP Morgan For Silver Market Manipulation

Submitted by Tyler Durden on 05/09/2010 07:25 -0500

Yes, it is really happening. After years and years and years of market manipulation, JPMorgan is about to realize there is only so far you can push your luck against the criminal envelope. In other news, when silver doubles shortly, Andrew Maguire is about to become a patron saint to generations of long-suffering gold and silver “bugs” the world throughout.

 From Michael Gray of the NY Post.

Federal agents have launched parallel criminal and civil probes of JPMorgan Chase and its trading activity in the precious metals market, The Post has learned.

The probes are centering on whether or not JPMorgan, a top derivatives holder in precious metals, acted improperly to depress the price of silver, sources said.

The Commodities Futures Trade Commission is looking into civil charges, and the Department of Justice’s

Antitrust Division is handling the criminal probe, according to sources, who did not wish to be identified due to the sensitive nature of the information.

The probes are far-ranging, with federal officials looking into JPMorgan’s precious metals trades on the London Bullion Market Association’s (LBMA) exchange, which is a physical delivery market, and the New York Mercantile Exchange (Nymex) for future paper derivative trades.

JPMorgan increased its silver derivative holdings by $6.76 billion, or about 220 million ounces, during the last three months of 2009, according to the Office of Comptroller of the Currency.

Regulators are pulling trading tickets on JPMorgan’s precious metals moves on all the exchanges as part of the probe, sources tell The Post.

JPMorgan has not been charged with any wrongdoing.

The DOJ and CFTC each declined to comment, as did JPMorgan.

It is not the intention of MIM to be a blog about political news unless it impacts the pawnshop industry in the Philippines, which is my business. This news, I believe could have a large impact on the pawnshop industry.

The goal of MIM is to train the next generation of assessors in the Philippines with the skills that were handed down to me by my beloved father Domingo R. Salvador Sr., the Gemology pioneer in the Philippines.  If you own a pawnshop and think your assessors need the training to gain the skills necessary to assess silver, gold and diamonds properly don’t hesitate to contact me. If you are an individual who aspires to be a professional appraiser of gold, silver or diamonds don’t hesitate to contact me.

MIM’s courses are designed to make a difference.  Yes there are others who teach the courses that I do. But I teach what my father taught me. I have been in the pawnshop business ally my adult life and my training courses are designed to make the student successful.

By the way, has anyone besides me heard the whisper that gold could reach five-thousand US dollars for a troy ounce?