Headlines

Now Open for Business: De Beers’ Rough Diamonds Auction Platform

Published

9 years ago

June 28, 2016

INSTORE Staff

Diamond producer piloting a new concept.

De Beers announced that it has begun piloting an online auction platform through which businesses can sell rough diamonds, Rapaport writes. The article says that the service is available for single stones of more than 5 carats or fancy-color diamonds, and that the service is only available to businesses adhering to certain standards. Neil Ventura, the EVP of auction sales at De Beers, told the news outlet that the project “gives us the opportunity to test the strength of demand for such a service.”

Read more at Rapaport

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.