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After 80 Years In Business, Jeweler Closing Its Doors

The store was in the national spotlight last year.

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Stanley Jewelers Gemologist in North Little Rock, AR, is closing its doors after eight decades in business.

In a letter posted on the store’s website, Loyd Stanley writes that he’s decided to retire. Stanley’s parents, Sally and Charles Stanley, borrowed $400 and opened the business in 1936.

“In 1959, I joined the family business and we opened on Park Hill in 1960 … where over the years, all of my children have contributed to the growth and success of Stanley Jewelers,” he writes.

He said he arrived at the decision to close the store after “much deliberation and study.”

Loyd Stanley’s daughter, Laura Stanley, is also part of the business.

The store is now holding a going-out-of-business sale that Loyd Stanley says will be “the largest sale of fine and estate jewelry that Arkansas has ever seen.”

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The store received national attention last year when the Esperanza, one of the largest diamonds ever found at Arkansas’ Crater of Diamonds State Park, was cut there by Mike Botha of Embee Diamonds.


Read the letter.

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Celebrate Your Retirement with Wilkerson

For nearly three decades, Suzanne and Tom Arnold ran a successful business at Facets Fine Jewelry in Arlington, Va. But the time came when the Arnolds wanted to do some of the things you put off while you’ve got a business to run. “We decided it was time to retire,” says Suzanne, who claims the couple knew how to open a store, how to run a store but “didn’t know how to close a store.” So, they hired Wilkerson to do it for them. When she called, Suzanne says Wilkerson offered every option for the sale she could have hoped for. Better still, “the sale exceeded our financial goals like crazy,” she says. And customers came, not only to take advantage of the going-out-of-business buys and mark-downs, but to wish a bon voyage to the beloved proprietors of a neighborhood institution. “People were celebrating our retirement, and that was so special,” says says.

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