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‘Social Selling’ Company Ventures Into Finer Jewelry

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Its new line includes a half-dozen 14-karat gold necklaces.

Stella & Dot, a San Francisco-based company focused on social selling, is venturing into fine jewelry with a line called Covet. Covet consists of a half-dozen 14-karat gold necklaces selling at retail for less than $300. The pieces include white and black diamonds. The collection, set to launch online Sept. 8, also includes leather goods. Stella & Dot explains on its website that it “creates flexible entrepreneurial opportunities for women,” with its sellers holding in-home trunk shows.

Our new fine jewelry and leather goods collection, COVET by Stella & Dot, launches in one week! Connect with your Personal Stylist to make sure you secure one of the hotly anticipated 14k and diamond necklaces before they launch on 9/8. #icovet

A photo posted by Stella & Dot (@stelladot) on Sep 1, 2016 at 9:55am PDT

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After being in business for over a quarter of a century, Wayne Reid, owner of Wayne Jewelers in Wayne, Pennsylvania, decided it was time for a little “me time.” He says, “I’ve reached a point in my life where it’s time to slow down, enjoy a lot of things outside of the jewelry industry. It just seemed to be the right time.” He chose Wilkerson to handle his retirement sale because of their reputation and results. With financial goals exceeded, Reid says he made the right choice selecting Wilkerson to handle the sale. “They made every effort to push our jewelry to the forefront of the showcases,” he says, lauding Wilkerson for their finesse and expertise. Would he recommend them to other jewelers who want to make room for new merchandise, expand their business or like him, decide to call it a day? Absolutely he says, equating trying to do this kind of sale with cutting your own hair. “The results are going to happen but not as well as if you have a professional like Wilkerson do the job for you.”

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