Headlines Chain Retailer Opens Fine Jewelry Department in 51 Stores The program will expand to more locations in 2020. Published 11 months ago on November 22, 2019 By INSTORE Staff Share Tweet 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.” Advertisement 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. Related Topics: Latest News Topretail click to Comment(Comment) Up Next Tiffany to Be Acquired in $16.2B Deal Don't Miss Piercing and Jewelry Firm Raises $3M, Opens First Store INSTORE Staff Over the years, INSTORE has won 80 international journalism awards for its publication and website. Contact INSTORE's editors at [email protected]. Continue Reading Advertisement SPONSORED VIDEO Wilkerson Testimonials A Liquidation Sale during a Pandemic? Wilkerson Showed Them the Way For 25 years, Stafford Jewelers of Cincinnati, Ohio, was THE place to go for special gifts, engagement diamonds, high-end Swiss watch brands — in other words, the crème de la crème of fine jewelry. But this summer, the Stafford family was ready to retire. So, they chose Wilkerson to help them close up shop. “One of the biggest concerns was having the sale in the middle of COVID,” says Director of Stores Michelle Randle. Wilkerson gave the Stafford team plenty of ideas as well as safety guidelines, which they closely followed. “All of the employees felt safe, the customers coming in the door felt safe and we did a lot of business,” says Randle. How much business? “The inventory flew,” she says. Translation: They sold millions and millions of dollars-worth of merchandise. Randle calls it, “an incredible experience.” Would she recommend Wilkerson to other retailers who are thinking of thinning their inventories or retiring? “Everyone got more than what they expected out of the sale. You have to hire Wilkerson. 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