Wednesday, March 12, 2014
(Continued from page 1)
ON THE RUN: Viewed through the window of the Downtown Diner, on Water Street in Augusta, independent gubernatorial candidate Eliot Cutler speaks Wednesday with diners.
Staff photo by Andy Molloy
At Gabriel’s Jewelry Design & Repair, owner and goldsmith Gabriel Adams explained how he started his business three years ago by working his way from sweeping the parking lot of a jewelry store to becoming an apprentice goldsmith at 17, and eventually buying out a partner and having his own shop.
He said a Maine bill passed last year that regulates second-hand precious metals dealing, had a negative impact on what had been a lucrative business for him — buying gold and silver — costing him as much as $30,000 in lost revenue.
The law requires a waiting period of 15 days before secondhand jewelry can be resold or melted down. It’s meant to prevent stolen jewelry from being sold or melted down before police or the victim has a chance to recover it, but Adams said market fluctuations affect his ability to deal with sellers while adhering to the holding period.
Adams said dishonest businesses get around the law by not documenting what jewelry they take in, and not being forthcoming to police when they come asking about potentially stolen jewelry.
“It wipes out your ability to do honest business, with honest people, I get it,” Cutler responded.
Cutler also visited Hair Gallery, Fussbudget’s Sports Cards and Stacy’s Hallmark.
Keith Edwards — 621-5647 firstname.lastname@example.org