Connect with us

Headlines

Jewelry Chain To Enter US Market With ‘Disruptive’ Concept

It’s targeting three cities, with more to be announced.

mm

Published

on

Canada-based jewelry retailer Spence Diamonds has announced plans to expand into the U.S.
market with stores opening in Austin, TX, on Nov. 7 and in San Jose, CA, on Nov. 10.

The company will open in Scottsdale, AZ, in the first quarter of 2017 and will soon announce additional markets, according to a press release.

The retailer calls itself a “jewelry disruptor” in part because of its line of “Spence Artisan Created Diamonds.”

“We have reimagined the experience of the diamond business by creating an environment that is open, bright and transparent,” said Jim Schneider, president of Spence Diamonds. “Watching a diamond being created from a ball of plasma while exploring jewelry in open cases without the traditional barriers is a refreshing concept.”

The stores will also sell traditional mined diamonds.

The company, founded in 1978, said it “has secured prime retail locations with high foot traffic including Santana Row in San Jose and The Domain in Austin.”

Advertisement


Read more at BusinessWire.

Advertisement

SPONSORED VIDEO

Thinking of Retirement? This Jeweler Went for the Company That Shares His Values

Richard Frank of Goldstein’s Jewelry in Mobile, Ala., had worked in his family’s store since he was 13-years old. As its owner, he was proud to be at the helm of Mobile’s oldest jewelry store, an AGS, IJO and RJO member business. But there comes a time in every jeweler’s life when a decision must be made regarding the future. And for Frank, that meant turning the store over to new owners. He chose Wilkerson to handle the sale, a decision, he says, made a long time ago. “Their reputation is such that all the things we value are what they value,” he says. And the results surpassed Frank’s own expectations. Would he recommend Wilkerson for other jewelers who are considering a going-out-of-business or retirement sale? “If you’re contemplating a sale to maximize the return on your business, there is no one else in the industry that I could even think of recommending.”

Promoted Headlines

Most Popular