(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 [email protected] and (800) 724-8810, or visit GNDiamond.com to learn more. Open 7 days a week with free shipping.
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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.
