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US Jewelry Retailer Closings Climb to 119 in 2nd Quarter

But the number of new jewelry businesses also rose.




The Jewelers Board of Trade reported that 119 U.S. jewelry retailers closed their doors in the second quarter of 2021.

That number represented an increase from 74 closings in the second quarter of 2020.

The total included 97 retailers in the category of “ceased operations” as well as 22 “consolidations (sale/merger).”

The total number of U.S. jewelry businesses that closed, including retailers, wholesalers and manufacturers, was 143. That was an increase from 90 in the second quarter of 2020.

Meanwhile, JBT reported that 36 new retailers opened their doors in the U.S., up from 21 in the second quarter of 2020.

The total number of new jewelry businesses, including retailers, wholesalers and manufacturers, was 41. That was up from 24 new businesses in the year-ago quarter.


JBT listed a total of 18,196 jewelry retailers in the U.S. as of the second quarter of 2021, down from 18,529 in the same quarter a year ago.

The group listed 24,021 jewelry businesses in all, including retailers, wholesalers and manufacturers. That was down from 24,465 in the second quarter of 2020.

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Thinking of Liquidating? Think: Wilkerson

When Peter Reines, owner of Reines Jewelers in Charlottesville, VA, decided it was time to turn over the “reins” of his 45-year-old business to Jessica and Kevin Rogers, he chose Wilkerson to run his liquidation sale. It was, he says, the best way to maximize the return on his decades-long investment in fine jewelry. Now, with new owners at the helm, Reines can relax knowing that the sale was a success, and his new life is financially secure. And he’s glad he partnered with Wilkerson for this once-in-a-lifetime opportunity. “There’s just no way one person or company could run a sale the way we did,” he says.

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