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Chain Retailer Opens Fine Jewelry Department in 51 Stores

The program will expand to more locations in 2020.

Published

4 years ago

November 22, 2019

INSTORE Staff

JACKSONVILLE, FL — Stein Mart announced that it has launched a fine jewelry department in 51 stores and online.

The fine jewelry collection, called “Stein Mart Jewel Box,” features diamonds, pearls, 14K gold, gemstones and designer branded jewelry with prices ranging from $200 to $5,000, according to the announcement. The company plans to roll out the full assortment to more doors in 2020.

Stein Mart has 283 stores in 30 states.

In time for the holiday season, Stein Mart has also introduced a key item fine jewelry program in all stores. The assortment is composed of diamond and sterling silver pieces priced under $200.

“The addition of fine jewelry allows us to expand our luxury offerings and is another way we differentiate from other off-price retailers,” said MaryAnne Morin, president of the retail chain. “To ensure we are providing our customers with the best product at compelling everyday low prices, we chose a vendor partner that leads the industry in sourcing capabilities and delivers amazing value.”

Stein Mart has partnered with Unique Designs, a New York-based international fine jewelry manufacturer and wholesaler.

“UDI diamonds are responsibly sourced and are certified conflict-free,” according to the announcement.

This Third-Generation Jeweler Was Ready for Retirement. He Called Wilkerson

Retirement is never easy, especially when it means the end to a business that was founded in 1884. But for Laura and Sam Sipe, it was time to put their own needs first. They decided to close J.C. Sipe Jewelers, one of Indianapolis’ most trusted names in fine jewelry, and call Wilkerson. “Laura and I decided the conditions were right,” says Sam. Wilkerson handled every detail in their going-out-of-business sale, from marketing to manning the sales floor. “The main goal was to sell our existing inventory that’s all paid for and turn that into cash for our retirement,” says Sam. “It’s been very, very productive.” Would they recommend Wilkerson to other jewelers who want to enjoy their golden years? Absolutely! “Call Wilkerson,” says Laura. “They can help you achieve your goals so you’ll be able to move into retirement comfortably.”