Tips and How-To

Here’s How Much the Average Independent Jeweler Earns – How Do You Compare?

Published

7 years ago

October 30, 2017

INSTORE Staff Instore October 2017 Issue

See how much your peers are making.

As a hard-working jeweler, have you ever wondered how your personal earnings stack up to those of your peers?

Of course you have! After all, you’re only human.

So for INSTORE’s 2017 Big Survey, we asked: “How much did you earn last year from being a jewelry-store owner (including salary and share of profit)?”

SEE MORE BIG SURVEY 2017 STORIES

As you can see in the chart below, $100,000 was the most frequently cited figure.

That was below the average of $110,971, but higher than the median of $90,000.

You can see all the results of the 2017 Big Survey in the October edition of INSTORE.

I made less

2017

10%

2011

10%

I made about the same

2017

11%

2011

10%

25% more

2017

20%

2011

17%

50% more

2017

16%

2011

19%

100% more

2017

10%

2011

11%

3x more

2017

13%

2011

12%

5 or more times

2017

2011

No staff/NA

2017

15%

2011

15%

Retiring? Let Wilkerson Do the Heavy Lifting

Retirement can be a great part of life. As Nanji Singadia puts it, “I want to retire and enjoy my life. I’m 78 now and I just want to take a break.” That said, Nanji decided that the best way to move ahead was to contact the experts at Wilkerson. He chose them because he knew that closing a store is a heavy lift. To maximize sales and move on to the next, best chapter of his life, he called Wilkerson—but not before asking his industry friends for their opinion. He found that Wilkerson was the company most recommended and says their professionalism, experience and the homework they did before the launch all helped to make his going out of business sale a success. “Wilkerson were working on the sale a month it took place,” he says. “They did a great job.”