Tips and How-To

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

Published

5 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%

Time to Do What You've Always Wanted? Time to Call Wilkerson.

It was time. Teri Allen and her brother, Nick Pavlich, Jr., had been at the helm of Dearborn Jewelers of Plymouth in Plymouth, Mich., for decades. Their father, Nick Pavlich, Sr., had founded the store in 1950, but after so many wonderful years helping families around Michigan celebrate their most important moments, it was time to get some “moments” of their own. Teri says Wilkerson was the logical choice to run their retirement sale. “They’re the only company that specializes in closing jewelry stores,” she says. During the sale, Teri says a highlight was seeing so many generations of customers who wanted to buy “that one last piece of jewelry from us.” Would she recommend Wilkerson? Absolutely. “There is no way that I would have been able to do this by myself.”