Discounts available to Jewelers of America members.
Jewelers of America has introduced JewelryStockBalancing.com, a new online platform designed to help a network of approved retailers buy and sell aged inventory.
JewelryStockBalancing is a patented exchange process for retailers and consumers built on three integrated internet platforms, including: a buying platform, a selling platform and a searching platform to enable inquiries and notifications about a particular item. The buying and selling platforms allow retail jewelers to anonymously buy and sell their dated inventory among other subscribing retailers for seven days. After seven days, the same product is still available to the retailers and also becomes available for sale directly to the consumer at a different price point.
“In a recent survey of Jewelers of America members, we learned that 44 percent of respondents had more than $100,000 in aged inventory,” says JA President and CEO David J. Bonaparte. “The JewelryStockBalancing.com platform offers jewelers a solution to sell the aging inventory, eliminating carrying costs and increasing cash flow.”
Jewelers of America is offering a discount on JewelryStockBalancing to its members. To learn more about JewelryStockBalancing.com, visit www.jewelers.org.
Family Legacy, New Chapter: How Wilkerson Turns 89 Years of History Into Future Success
After 89 years of serving the Albany community, Harold Finkle Your Jeweler faced a pivotal decision. For third-generation owner Justin Finkle, the demanding hours of running a small business were taking precious time away from his young family. "After 23 years, I decided this was the time for me," Finkle explains. But closing a business with nearly nine decades of inventory and customer relationships isn't something easily managed alone.
Wilkerson's comprehensive approach transformed this challenging transition into a remarkable success story. Their strategic planning handled everything from advertising and social media to inventory management and staffing — elements that would overwhelm most jewelers attempting to navigate a closing sale independently.
The results speak volumes. "Wilkerson gave us three different tiers of potential goals," Finkle notes. "We've reached that third tier, that highest goal already, and we still have two weeks left of the sale." The partnership didn't just meet financial objectives—it exceeded them ahead of schedule.
