TweetFrom Oliver Reichenstein: If your offer is exceptional, your price can and should be. If you offer an exceptional product at low price it will be perceived and treated as a low value product, no matter how amazing it is. Every now and again, my two favorite worlds of luxury and geekery collide. It is… Continue Reading
Tag Archives: Jewelry Retail
Spark Your Team’s Creativity
TweetFrom Dan Gordon in Instore Magazine You owe it to your business to create an environment that incubates innovation. Great advice for any store looking to unlock the potential of their team! Read the full article here. Daniel GordonDaniel Gordon, 37, is a fourth generation jeweler and President of Samuel Gordon Jewelers in Oklahoma City,… Continue Reading
Creating An Experience Culture
TweetFrom Rob Bates at JCK Magazine: On Twitter this morning, Andrew Hanelly, social media guru at TMG, which publishes JCK, asked, “Have you ever paid more for something because of the brand even though you knew there was a cheaper alternative?” Michael Schechter of Honora answered that most people don’t buy generic cereals. And I… Continue Reading
David Brown On The Past Three Years
TweetFrom David Brown and Instore Magazine: The big difference is the change in how the sales are happening. The average jeweler now has to sell a lot more items at a lot lower average to get the same end result. The average store sale per item has dropped from $214 per item to $141 during… Continue Reading
The Need For Innovation
TweetFrom John O’Farrell: One of the things I love about the technology business is seeing old ideas made new again. It worked before—will it work again? It didn’t work before—will it work this time? At Andreessen Horowitz, it’s not unusual to see ideas from the first Internet wave of the late ‘90s. Pet food or… Continue Reading
When Dewars Runs The Diamond Industry
TweetFrom Rob Bates: A frightening, yet hilarious look at how our industry is perceived. It may be coming from TMZ (and as Rob points out, it is certainly dated), but it feels like an accurate assessment of what a good amount of consumers think about us. Related side note, if someone does not run with… Continue Reading
Smyth Combines Two Of My Favorite Things
TweetDavid Squires from Instore: I really think that Smyth Jewelers (Annapolis, MD) had one of the best ideas ever with their ring-sizer coaster. I mean … how perfect is this item? A coaster with a ring-sizer that is distributed at bars. A place where young guys and young girls meet, and flirt, and make promises… Continue Reading
Benari Jewelers Hits A Home Run!
TweetFrom National Jeweler: Benari Jewelers is teaming up with hometown team the Philadelphia Phillies to bring some attention to fans who dare to take their significant other out to the ballgame to pop the question. As the “official jeweler of engagements” at Citizens Bank Park, Benari Jewelers is sponsoring a specially priced package for each… Continue Reading
Warren Buffett Creates A Jewelry Experience
TweetFrom Rob Bates Cutting Remarks Blog: So famed billionaire Warren Buffett fulfilled his pledge to sell jewelry for an hour at Borsheims and by all accounts, he was a big hit… In fact, according to the store’s president Susan Jacques, the Omaha retailer—which is owned by Buffett’s holding company, Berkshire Hathaway—had its best weekend ever…. Continue Reading
Gen-Next Meetup at The Smart Show in Chicago!
TweetThose who attended our Gen-Next event at Smart Jewelry Show know that there were ups and downs (literally for those of us who went on the ferris wheel). Despite last year’s bad weather, it was a fantastic and memorable evening for those who attended. We are delighted and a little surprised (especially after the aforementioned… Continue Reading