(PRESS RELEASE) According to an August 26, 2021, publication by Rapaport “jewelry retail is upbeat amid positive consumer sentiment. There continues to be a loose diamond shortage although the market has seen an increase in diamond polishing”. The article continues to say that fancy shaped diamonds continue to be “robust”. GN Diamond concurs with this article as we are seeing a large demand for elongated radiants, emeralds, and pear shapes. Even marquises are gaining attraction. Ovals still come as a close second to the ever popular rounds. Larger diamonds like 2- 4 carats in all shapes are consistently selling. The steadiness in the market creates optimism not only for the retailers but for the wholesalers as well.
We work with thousands of jewelers nationwide, so we understand why some store owners are reluctant to buy loose diamonds for stock. Why buy when you can get diamonds on memo? Because over 80% of customers who walk through your doors want to buy that same day.
We have made loose diamond buying and diamond jewelry buying easy by offering a 100% guarantee. Our loose diamonds and finished jewelry come with a 100% dollar-for-dollar Trade Back Guarantee. And we never sell to the public or online retailers, so independent jewelers gain this exclusive advantage
Now, with GN Diamond’s 100% Sell Through Guarantee, you can have total confidence and peace of mind when buying for stock. If customers change their minds, you can exchange loose diamonds for loose diamonds and finished jewelry for finished jewelry.
With these diamond shortages as mentioned by Rapaport, it is imperative that jewelers stock the right goods at the most competitive prices to satisfy walk-ins, impulse buyers, and others. Popular items like diamond studs, tennis bracelets, and Riviera necklaces can drive revenue as add-ons and reliable fast sellers.
Contact a GN Diamond representative at sales@gndiamond.com and (800) 724-8810, or visit GNDiamond.com to learn more. Open 7 days a week with free shipping.
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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.
