Headlines

World’s Largest Jeweler Opens First US Store

It’s located within a Macy’s.

Published

8 years ago

November 22, 2016

INSTORE Staff

Chow Tai Fook, the world’s largest jewelry retailer, has opened a branded shop within a Macy’s store in Flushing, NY.

The store, consisting of about 500 square feet, opened on Nov. 12 offering a variety of jewelry.

“In particular, the 24-Karat gold jewellery products, designed and distributed by Chow Tai Fook, add unprecedented and unique product offerings at Macy’s Flushing store,” according to the company.

Hong Kong-based Chow Tai Fook operates more than 1,800 stores in China.

There’s no word yet on whether the company will open other stores in the U.S.

Earlier this month, Rapaport News asked Kent Wong, the company’s managing director, whether there were plans to expand retail operations into the U.S.

Wong replied: “No, we have Hearts on Fire there.”

Chow Tai Fook bought the U.S. brand for $150 million in 2014. Hearts on Fire opened a store in Las Vegas, NV, in 2012 and another in Philadelphia, PA, in 2013.

Chow Tai Fook said in July it planned to open a U.S. wholesale business.

See the announcement from Chow Tai Fook |

You Wouldn’t Cut Your Own Hair. Why Run Your Own Retirement Sale?

After being in business for over a quarter of a century, Wayne Reid, owner of Wayne Jewelers in Wayne, Pennsylvania, decided it was time for a little “me time.” He says, “I’ve reached a point in my life where it’s time to slow down, enjoy a lot of things outside of the jewelry industry. It just seemed to be the right time.” He chose Wilkerson to handle his retirement sale because of their reputation and results. With financial goals exceeded, Reid says he made the right choice selecting Wilkerson to handle the sale. “They made every effort to push our jewelry to the forefront of the showcases,” he says, lauding Wilkerson for their finesse and expertise. Would he recommend them to other jewelers who want to make room for new merchandise, expand their business or like him, decide to call it a day? Absolutely he says, equating trying to do this kind of sale with cutting your own hair. “The results are going to happen but not as well as if you have a professional like Wilkerson do the job for you.”