The largest known fancy vivid blue-green diamond could fetch more than $12 million at its second auction appearance.
About Retail: Providing an experience
Asaad Malak of Malak Jewelers in Charlotte, N.C. shares how he turns strangers into friends and first-time visitors into lifelong clients.
“When people come in, we are interested in getting to know them. They come in as a customer and leave as a friend,” Asaad Malak, owner and president of Malak Jewelers in Charlotte, told National Jeweler.
Malak, whose jewelry store has been in business since 1980, opened his new 5,000-square-foot location last December in Charlotte’s Arboretum Shopping Center, which is directly across the street from his former store.
The new location offers a display area four times the size of the former store, allowing the retailer to carry more inventory and additional brands.
The larger store also has a seating area for clients to get comfortable while working with staff on a custom design or while they wait for repairs. A children’s area is stocked with a play set and toys to keep young guests occupied while the adults shop, and all customers are offered beverages and snacks--pretzels, crackers, coffee, water and even wine “for those over 21,” Malak laughs.
“(The new store) is more roomy, open and inviting,” the jeweler says. “It’s much brighter and there’s more space for events.”
There’s also an emphasis on custom design at the new location, consisting of an expanded workshop and expert in-house goldsmith to allow for full design and manufacturing, including wax mold making. These added features tend to make customers “stay longer, as they find it interesting that they can watch,” Malak says.
Aside from the revamped layout of the store, the way customers are treated is Malak’s main focus, and is the reason people come back or refer the jewelry store to friends and family, he says.
For example, if a man comes in looking for an engagement ring, the staff asks questions first. What color gold does she like? What shape diamond? Does she work on a computer, in the medical field or with children? Then maybe she doesn’t want a high ring with prongs, maybe she’d prefer a bezel- or other lower-set ring.
But it doesn’t end there, Malak explains.
“We
“We are making friends and growing families, in a way. They might not remember what I said five years from now, but they’ll remember how I made them feel.”
Malak says this practice also cuts down on returns.
“People don’t come back to me a week later because they don’t like something, or because they can’t afford it, because I took the time to find out what they wanted and what worked,” he says, adding that the business offers financing solutions for customers.
When asked why he puts such a focus on the experience of his store, Malak’s answer was simple and sensible.
“This is how I like to be treated when I shop somewhere. I don’t like to be sold merchandise, I like choices, space and time. The experience applies to this,” he says. “My father told me to treat people for who they are, to make friends and they will buy from you. So I tell them, ‘Welcome to the family.’”
The Latest

Emmanuel Raheb says jewelers need to start marketing early and make it easy for customers to pick a gift for mom.

The trade organization, which held its annual elections earlier this year, also added five new board members.

Gain access to the most exclusive and coveted antique pieces from trusted dealers during Las Vegas Jewelry Week.

NRF’s annual survey found that 45 percent of consumers plan to purchase jewelry for a loved one this Mother’s Day.


The “Vault” charm, our Piece of the Week, expands on the memories that can be stored in a locket by connecting to your phone.

The open-to-the-public luxury jewelry and timepiece show, in its second year, is slated for July 23-26.

Gain access to the most exclusive and coveted antique pieces from trusted dealers during Las Vegas Jewelry Week.

Sponsored by Jewelers Mutual

The proposed agreement follows the moissanite maker’s Chapter 11 bankruptcy protection filing last month.

The Patek Philippe for Tiffany & Co. timepiece Astor brought aboard the ill-fated ship sold for double its estimate at a Freeman’s auction.

The “Dalí’s Garden” collection was inspired by a surreal dream Neeley had after cooking a recipe from Salvador Dalí’s 1973 cookbook.

Natalie Feanny has been appointed to the role.

The pair falsely claimed their jewelry was made by Navajo artists, but it was imported from Vietnam.

Julien’s Auctions is selling the musician’s fine and fashion jewelry alongside her clothing, gold records, and other memorabilia.

Rachel King’s book dives into the history of the pendant believed to have belonged to Henry VIII and his first wife, Katherine of Aragon.

The company will have deals on precious metals testers as well as the latest in lab-grown diamond detection technology and security.

Gabrielle “Coco” Chanel is a character in the “Coco Game” collection of watches and the queen in its first haute horlogerie chessboard.

The annual list honors rising professionals on the retail and supply sides of the jewelry industry.

Seized in Kentucky, the packages include fake Cartier, Tiffany & Co., Chanel, and Fendi jewelry.

Rodolfo Lopez-Portillo faces 25 years to life in prison after being found guilty in the March 2022 beating death of Arasb Shoughi.

“Jewelry Creators: Dynamic Duos and Generational Gems” highlights the relationships among 22 influential designers, brands, and gem dealers.

The AJS Spring 2027 show will be held in Savannah, Georgia, with future shows taking place in other Southeast cities.

The jewelry retailer plans to open 20 new stores this year and expand into new product categories.

Flower motifs are the jewelry trend blooming amongst the new collections that debuted this spring.

The retailer reported an 8 percent decline in annual sales as it struggles under the weight of billions of dollars of debt.

The “Devil” drop earrings, our Piece of the Week, are part of designer Edina Kiss’ new namesake jewelry line that she will show at Couture.






















