Headlines

This Mining Company Is Poised to Dominate the Colored Gem Market

Published

10 years ago

January 22, 2016

INSTORE Staff

Its strategy for driving up worldwide emerald prices is working.

Gemfields, a colored stone mining company based in London, is aiming to increase demand for its emeralds and rubies by modernizing the colored gemstone trade, The Wall Street Journal reports. According to the article, the company has a large-scale mining operation near Zambia’s border and is “pulling millions of carats of shimmering stones out of the ground every month.” It’s also emulating De Beers’ marketing strategy, which has helped drive 14-fold growth for worldwide emerald prices since 2009. Analysts told WSJ that Gemfields ¬– which totals $170 million in annual revenue and employs about 200 people – is “well positioned to capitalize as the only formal, large-scale producer of rubies and emeralds in the global market.”

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.