The Kingswood Co. Makes Inc’s List of Fastest-Growing Businesses Again
The Columbus, Ohio-based maker of jewelry cleaner has also relocated to a new headquarters that’s double in size.
The Inc. 5000 list ranks the fastest-growing privately held companies in the United States by overall revenue growth over a three-year period.
Jewelry cleaner manufacturer The Kingswood Company is on the list a second time, first appearing there last year.
The company sits at No. 3,657 on the 2021 list, with three-year growth of 92 percent.
Kingswood said it attributes the strong growth to its focus on new product development, expanded design capabilities, the expansion of distribution channels, and the launch of two new brands: Gem Glow, sold exclusively at Walmart, and Clean + Care, sold through independent jewelry retailers.
“Another significant factor in our growth has been our focus on elevating our product category in the industry,” President and CEO Kristie Nicolosi said.
“We helped retailers recognize the sales power the jewelry cleaning category could have for them, by designing and manufacturing products that matched the luxury and sophistication of the jewelry industry. What was once viewed as a cheap giveaway is now a category for retailers that bolsters their core offerings.”
The performance, and the resulting presence on the list, comes despite the company’s loss of nearly an entire quarter of revenue in 2020 due to the pandemic.
Kingswood was able to maintain stability during the COVID shutdown and return to growth by the end of last year, it said, adding it is still on a growth trajectory.
“To manage the fallout from COVID, we focused on education related to care and cleaning of jewelry,” Nicolosi said. “We were able to share vital information on jewelry care and cleaning to a world intently focused on topics of cleaning and sanitizing.”
The company’s revenue was down 22 percent last year compared with 2019 but expects 2021 to finish up 50 percent over 2020, and up nearly 20 percent over 2019.
To accommodate the growth, Kingswood has relocated its offices and manufacturing facilities to a new building in Columbus, Ohio, taking its square footage from 18,000 to 44,000 square feet.
The added space will support expanded production capacity and allow the company to hold more inventory as well as increase the space allocated for product development, photography, and marketing, all of which is done in-house.
“As a company, we pride ourselves on planning and preparation,” Nicolosi said. “While no one could have foreseen the supply chain issues we are experiencing, our plan to increase capacity and warehousing with the purchase of a new space has allowed us to react to and rethink inventory and planning needed to weather supply chain challenges.”
The Latest
The necklace is featured in the brand’s “Rebel Heart” campaign starring Adam Levine and Behati Prinsloo.
The two organizations will host a joint event, “Converge,” in September 2025.
Big changes appear to be on the horizon for the diamond miner and its parent company, Anglo American.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
Padis succeeds Lisa Bridge, marking the first time the organization has had two women board presidents in a row.
Jesse Cole, founder of Fans First Entertainment, shared the “five Es” of building a fan base during his AGS Conclave keynote.
The Royal Oak Perpetual Calendar "John Mayer" was celebrated at a star-studded party in LA last week.
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
The announcement came as the company reported a 23 percent drop in production in Q1.
A double-digit drop in the number of in-store crimes was offset by a jump in off-premises attacks, JSA’s 2023 crime report shows.
Inspired by the Roman goddess of love, the designer looked to the sea for her new collection.
The luxury titan posted declining sales, weighed down by Gucci’s poor performance.
The selected nine organizations have outlined their plans for the funds.
The mining company’s Diavik Diamond Mine lost four employees in a plane crash in January.
The crown introduced a dozen timepieces in Geneva, including a heavy metal version of its deep-sea divers’ watch.
Emmanuel Raheb recommends digging into demographic data, customizing your store’s communications, and retargeting ahead of May 12.
Located in the town of Queensbury, it features a dedicated bridal section and a Gabriel & Co. store-in-store.
A 203-carat diamond from the alluvial mine in Angola achieved the highest price.
Ruser was known for his figural jewelry with freshwater pearls and for his celebrity clientele.
The “Rebel Heart” campaign embodies rebellion, romance, and sensuality, the brand said.
Editor-in-Chief Michelle Graff shares the standout moments from the education sessions she attended in Austin last week.
The overhaul includes a new logo and enhanced digital marketplace.
A new addition to the “Heirloom” collection, this one-of-a-kind piece features 32 custom-cut gemstones.
Last month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
The move will allow the manufacturing company to offer a more “diverse and comprehensive” range of products.
From now through mid-May, GIA will be offering the reports at a 50 percent discount.
De Beers’ rough diamond sales were down 18 percent year-over-year in its latest round of sales.