WHEN ASKED WHERE they felt the poorest, nearly 67 percent of jewelers said they could do with more time.
Explained one: “Time to enjoy hobbies and other interests in life.”
Another said, “I wish we had more to spend with the family.”
On a more positive note, slightly less than 7 percent said they were poor when it came to either money or friends.
One jeweler, in a more practical lament, claimed to be poorest when it came to “good employees with strong worth ethics that want to grow professionally.”
Some respondents rejected the question.
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“I feel very rich all around,” said one. “I don’t [feel poor]. I feel blessed,” said another.
“What a crappy question. Yeesh,” said one annoyed respondent who is apparently wanting for nothing.
The 2021 Big Survey was carried out between August and September, attracting more than 600 anonymous responses from owners of independent jewelry stores across the United States and Canada. The full results will be published in the upcoming November issue of INSTORE.
Closing With Confidence: How Bailey's Fine Jewelry Achieved Outstanding Results With Wilkerson
When Trey Bailey, President and CEO of Bailey's Fine Jewelry, decided to close the Crabtree location in Raleigh, North Carolina after 15 years, he knew the decision needed to be handled with intention and professionalism. The goal was clear: exit the location while maintaining financial strength and honoring the store's legacy.
Having worked with Wilkerson successfully in the past, Bailey understood the value of their comprehensive approach. "They understood both the emotional and financial sides of the store closing sale," Trey explains. "Their reputation for professionalism, results and care made it a very easy decision."
The results exceeded expectations. Wilkerson helped Bailey's sell through significant inventory while maintaining the dignity of the closing process. "They don't just run a sale, they help close a chapter in the best way possible," Bailey says, strongly recommending Wilkerson to any jeweler facing a similar transition.
