Jewelry Store Joins Longtime Businesses Leaving Five Points; Gold Exchange, a Family-Owned Business, Was Founded in 1930

Article excerpt


After 32 years in Five Points, Gold Exchange Inc.'s doors will shut for the last time at 5 p.m. today.

The store's closing marks for Al Angilello's family the end of three generations of buying, selling and trading jewelry. Angilello's grandfather founded the business in 1930.

Angilello, 44, said it's time for him to call it quits - he's worked in the store since he was 14, and took over about 17 years ago when his father died.

"At some point," he said, "it's just hard to be here every day." He's had heart trouble, and said he's ready to relax awhile.

His three children, two grown and one approaching her college years, are not interested in taking over the family-owned business, he added.

Angilello seems confident in his decision to close the business - and a major chapter of his life - but it won't be without a tinge of sadness. Mostly, he'll miss the customers.

"Most of [my customers] are friends. I've sold people their wedding rings and they're still coming back 15, 20 years later," he said. "A lot of them I might never see again."


Another retail space in Five Points will be empty after Gold Exchange's departure, a familiar sight lately in the Riverside hub. …


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