Commentary: The BusinessHear Those Jingle Bells? They’re Also Wedding Bells Hiding among the holiday crowds is a key customer who doesn’t want to be rushed. Published 1 year agoon December 12, 2018By Terry Chandler Instore December 2011 Issue Share Tweet This story was originally published in the December 2011 edition of INSTORE.THAT RINGING in your ears is jingle bells! Jewelers around the country are in the midst of the most important selling season of the year. According to J. Walter Thompson, the holiday selling season accounts for nearly 22 percent of annual diamond sales in the United States, meaning it’s still crucial to a successful year for retail jewelers.Retailers invest months preparing for the season, not to mention dollars! Marketing, merchandising, packaging, special events, and sales training must all be in place.The other ringing you hear is wedding bells! There is a vital statistic lurking inside that 22 percent number of which you should be aware: various studies show that about 25 percent of engagements occur during the fourth quarter in the U.S., making your diamond bridal business a key part of holiday sales.Here’s the critical point: amid all the busy-ness of the season, don’t overlook this essential category. Make a list and check it twice. Focus on two important areas: Diamond inventory and the particular temperament of the engagement-ring shopper.From an inventory/merchandise perspective, jewelers should be over-prepared and ready to present a wealth of options and styles to the engagementring customer. The adage that one can’t sell from an empty wagon applies! Savvy consumers will have scoured the Internet and other retail stores and seen hundreds of ring styles. Their jeweler of choice will have to provide options! AdvertisementEngagement-ring customers are not the typical Christmas shopper. They are often walking into your store for the first time after, on average, three months of shopping (according to The Knot 2011 Engagement and Jewelry Study). This consumer is not preoccupied with getting a package under the tree, but rather with making one of the most important purchases of their lifetime. They require your full attention and will not respond well to being rushed just because it’s Christmas and you’re busy. Sales associates must be prepared to give the engagement-ring shopper the time and attention they require.When making your “list,” be sure to include a training session or two to ready your sales staff to effectively engage the wedding-ring customer during the holiday season. Train them to change gears for this consumer so they don’t feel rushed or under-served. Use all the resources at your disposal to ensure an impressive engagement-ring inventory that will excite your customer. Make sure your collection of loose diamonds includes a good number of 1-carat diamonds, and if possible, have a 2 to 3 carat on hand. Overnight and “in time” inventory is great, but sometimes you can’t make the sale if you don’t have the goods!That ringing in your ears is jingle bells and wedding bells playing two distinctly different but profitable tunes during this Christmas selling season!Related Topics:Featuredholiday businessTerry Chandler click to Comment(Comment) Terry Chandler Terry Chandler is president and CEO of Diamond Council of America and has been involved in every aspect of the retail jewelry industry. Visit diamondcouncil.org or email email@example.com. Advertisement SPONSORED VIDEOWilkerson TestimonialsTo Generate Funds for a Jeweler’s Move and Remodel, Wilkerson More Than DeliveredEven successful jewelers need a little extra cash to fund expansion plans—especially when there’s inventory on hand that’s ripe for liquidation. For Beaumont, Texas-based jeweler Michael Price, co-owner of Mathews Jewelers, it was the perfect time to call Wilkerson. Price talked to other jewelers as well as vendors for advice during the selection process and decided to go with Wilkerson. And he wasn’t disappointed. When it comes to paying for the move and expansion, Price says the road ahead is clear. “When we close on the next two stores, there’s no worries about finances.”You may like How Were Your Holidays? 20 Jewelers Describe Theirs Jewelers Report Strong Close to Holiday Season Maybe You Don’t Need to Sell More Jewelry After AllPromoted Headlines To Generate Funds for a Jeweler’s Move and Remodel, Wilkerson More Than DeliveredWilkerson The Jewelry Retailer’s Ultimate Marketing Guide: Part 5/5RapNet True Romance – Jewelry Straight From the HeartAdvertisementLatestTrendingVideos Press Releases2 days agoBuzz from AGTA GemFair Tucson Continues Real Deal2 days agoAn Employee’s Spouse Demands Another Employee Be Fired. 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