Headlines

Alex and Ani Founder Is Now the Richest Self-Made Woman in the Jewelry Industry

Published

8 years ago

June 6, 2016

INSTORE Staff

Her estimated net worth is $700 million.

After Alex and Ani’s sales reached $500 million in 2015, Forbes ranked the jewelry label’s founder, Carolyn Rafaelian, No. 22 on its annual list of America’s Richest Self-Made Women. The business news outlet says that she is the richest self-made woman in the world to derive her wealth from jewelry, estimating her net worth at $700 million. “Rafaelian’s success can be partly attributed to her mastery of the supply chain. Alex and Ani’s pieces — like its bestselling $28 zodiac-themed charm bangles — are mainly made of recycled materials like scrap metal and vintage or surplus jewelry, keeping costs low and margins high.” Alex and Ani now has 65 freestanding stores.

This Third-Generation Jeweler Was Ready for Retirement. He Called Wilkerson

Retirement is never easy, especially when it means the end to a business that was founded in 1884. But for Laura and Sam Sipe, it was time to put their own needs first. They decided to close J.C. Sipe Jewelers, one of Indianapolis’ most trusted names in fine jewelry, and call Wilkerson. “Laura and I decided the conditions were right,” says Sam. Wilkerson handled every detail in their going-out-of-business sale, from marketing to manning the sales floor. “The main goal was to sell our existing inventory that’s all paid for and turn that into cash for our retirement,” says Sam. “It’s been very, very productive.” Would they recommend Wilkerson to other jewelers who want to enjoy their golden years? Absolutely! “Call Wilkerson,” says Laura. “They can help you achieve your goals so you’ll be able to move into retirement comfortably.”