Headlines

$1M in Jewels Stolen at Trade Show in Houston

He had been exhibiting at the International Gem & Jewelry Show.

Published

1 year ago

June 22, 2022

INSTORE Staff

A thief took an estimated $1 million in goods from a jeweler at a trade show in Houston.

The crime happened Sunday evening at the International Gem & Jewelry Show held at the NRG Center in Houston, Click2Houston reports.

Iftikhar Sayed, owner of Sayed Creations, had been selling merchandise at the direct-to-consumer show and was preparing to leave. He went to get the car and, he said, “My wife mentioned there was a time she turned around for maybe a few seconds.” A suitcase full of inventory was taken.

Sayed’s son-in-law, Josh Davis, said a police report has been filed.

According to Click2Houston: “Now, at 72 years old and with no insurance for his inventory, Sayed said he is having a hard time imagining that he will have to start over.”

Read more at Click2Houston

When There’s No Succession Plan, Call Wilkerson

Bob Wesley, owner of Robert C. Wesley Jewelers in Scottsdale, Ariz., was a third-generation jeweler. When it was time to enjoy life on the other side of the counter, he weighed his options. His lease was nearing renewal time and with no succession plan, he decided it was time to call Wilkerson. There was plenty of inventory to sell and at first, says Wesley, he thought he might try to manage a sale himself. But he’s glad he didn’t. “There’s no way I could have done this as well as Wilkerson,” he says. Wilkerson took responsibility for the entire event, with every detail — from advertising to accounting — done, dusted and managed by the Wilkerson team. “It’s the complete package,” he says of the Wilkerson method of helping jewelers to easily go on to the next phase of their lives. “There’s no way any retailer can duplicate what they’ve done.”