We can all hope that we will never find ourselves in a situation where we need to pawn jewelry, but it can happen to anyone. To better prepare yourself for this possibility, you should know how the process works.
The methods that people use to pawn jewelry are pretty simple.
They must first have a piece of jewelry with some value to it. They take it to the pawnshop and have the owner look it over and determine its value. The pawnshop owner will have to take some of the value out of it when they make you an offer because they need to make a profit for themselves and the shop. Thus, you should expect to take something of a haircut on the price. That said, the shop owner will then ask if you want to sell it or pawn it.
Pawning your jewelry means that the shop owner will give you a loan based on the value of your jewelry. You must make payments on that loan (with interest) on time to eventually receive your jewelry back. If you fail to make your payments, the pawnshop owner will keep your jewelry. Make sure you are fully prepared for this possibility if you decide to pawn any item.