Tips and How-To

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

Published

6 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%

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.”