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Big Survey

Jewelers Cite ‘Time’ as Asset in Shortest Supply

But some feel rich all around.

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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.

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It’s Going to Set Us Up Very Nicely for Retirement

You’ve worked hard all your life. And if you’re like most jewelers contemplating retirement, you’re hoping that your going-out-of-business sale will add to your nest egg — with minimal complications. That’s exactly what Doug and Jacki Friedrich, fourth-generation owners of Friedrich Jewelers Inc., of Vernon, Conn., experienced when they selected Wilkerson to run their sale. “Jewelers who are contemplating a sale should go with Wilkerson because of their experience,” says Doug. And with financial goals “exceeding expectations,” the couple can now focus on enjoying the next chapter of their lives. “It’s going to set us up very nicely for retirement,” says Jacki. “The money’s coming in and we have no complaints. It’s been wonderful.”

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