Michael’s grandfather, father and uncles, all antique silver traders, conducted their business around the Pall Mall Safe Deposits and the Bond Street silver galleries in London. With such a background, it was a natural step for Michael to become involved in precious metals himself.
When aged just 17, Michael would get the train from London to Brighton to make rounds of the shops and antique markets buying silver and scrap precious metals that he would then resell in London.
This fascination grew, and set the foundations for his eventual move to Brighton. In 1970, he opened his first buying office in a garret above a dealer’s warehouse.
The business took off rapidly, partly due to the rocketing prices of precious metals during the 1970s and 80s.
In 1983, Bloomsteins moved to their existing premises at 30 Gloucester Road, in the bustling heart of the North Laines and has been thriving ever since. Michael’s son, Charles Bloomstein, follows in the family trade specializing in diamonds and working from the same address.
Michael has been honored with membership of the prestigious Royal Society for his encouragement of the use of hand tools and traditional working methods.