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Family Feud: Two Cousins Run an Iconic Jewelry Business While Competing Against Each Other

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It’s a complicated relationship.

Cousins Sid and Samir Kasliwal are the heirs to the Gem Palace, “India’s most glamorous jewelry business” that was started by their fathers and today has boutiques around the world, as New York Magazine writes. But despite being blood-related business partners, their working relationship is a complicated one that a longtime friend of the Kasliwal family described to NYM as “a movie, a soap opera, Bollywood.”

The article says each cousin has his own ideas about how to run the Gem Palace and “seem barely on speaking terms,” but that’s just one layer of their complex working dynamic. They also run competing jewelry shops in New York that were opened outside of the Gem Palace business. This prompts industry observers to wonder: Can the two co-owners successfully carry on their fathers’ legacies in spite of their dysfunctional relationship?

Read more at New York Magazine

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You Wouldn’t Cut Your Own Hair. Why Run Your Own Retirement Sale?

After being in business for over a quarter of a century, Wayne Reid, owner of Wayne Jewelers in Wayne, Pennsylvania, decided it was time for a little “me time.” He says, “I’ve reached a point in my life where it’s time to slow down, enjoy a lot of things outside of the jewelry industry. It just seemed to be the right time.” He chose Wilkerson to handle his retirement sale because of their reputation and results. With financial goals exceeded, Reid says he made the right choice selecting Wilkerson to handle the sale. “They made every effort to push our jewelry to the forefront of the showcases,” he says, lauding Wilkerson for their finesse and expertise. Would he recommend them to other jewelers who want to make room for new merchandise, expand their business or like him, decide to call it a day? Absolutely he says, equating trying to do this kind of sale with cutting your own hair. “The results are going to happen but not as well as if you have a professional like Wilkerson do the job for you.”

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