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True Tales: Sticker Shock



Sticker shock in jewelry stores

I once had a client who asked me to design an elegant custom ring. I had her sign the estimate, which also stated that the price could change if modifications were made and that I would outline those as we went along. Which I did, first when she decided she wanted more diamonds set on the shank, and then when she switched from 14K to platinum. When I presented her with her completed piece she was thrilled … until she looked at the new price. She was appalled that we had gone over the original amount. When I reminded her that I had told her about the increased costs she said she remembered that. When I asked who she thought was going to pay for those, she said: “Why you, of course. I just thought you were giving me a better deal!” — Mary Harding, mary l harding, G.G., Bellingham, WA

We once had a woman come in for the first time. She had 10 envelopes full of jewelry for repair. As she was showing me what the problem was she asked how much for the repair. When I told her the price, she told me she could get it done in New York for less money. After all the repair envelopes were filled out, I opened them, took her jewelry out and said to take them to New York. She said she was going to be my best customer. I told her I didn’t negotiate repair prices. She left the store and was gone for six months. She came back in, gave me the same repairs. And became my best customer. — Diana Smires, Diana Smires Jewelry, Columbus, NJ

This article originally appeared in the January 2016 edition of INSTORE.

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Wilkerson Testimonials

A Liquidation Sale during a Pandemic? Wilkerson Showed Them the Way

For 25 years, Stafford Jewelers of Cincinnati, Ohio, was THE place to go for special gifts, engagement diamonds, high-end Swiss watch brands — in other words, the crème de la crème of fine jewelry. But this summer, the Stafford family was ready to retire. So, they chose Wilkerson to help them close up shop. “One of the biggest concerns was having the sale in the middle of COVID,” says Director of Stores Michelle Randle. Wilkerson gave the Stafford team plenty of ideas as well as safety guidelines, which they closely followed. “All of the employees felt safe, the customers coming in the door felt safe and we did a lot of business,” says Randle. How much business? “The inventory flew,” she says. Translation: They sold millions and millions of dollars-worth of merchandise. Randle calls it, “an incredible experience.” Would she recommend Wilkerson to other retailers who are thinking of thinning their inventories or retiring? “Everyone got more than what they expected out of the sale. You have to hire Wilkerson. They’re amazing.”

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