To Celebrate 100 Years, This Retailer Is Giving Away $10K
Samuelson’s Diamonds & Estate Buyers has created a $10,000 grant that will go to another family-owned business in the Baltimore area.
The third-generation jeweler announced Wednesday it has established a $10,000 grant that will go to a brick-and-mortar business in the Baltimore area.
The winner will be selected in May and invited as a VIP to the retailer’s 100th anniversary party, where Samuelson’s will reveal their identity to the public.
“We were looking for a way to celebrate our 100-year milestone in a unique and meaningful way,” CEO Ron Samuelson said.
“Giving to charity is something we have always done but making a meaningful contribution to a local family business that shares our values and entrepreneurial spirit is a more actionable way to pay it forward and celebrate this rare milestone.”
To enter, applicants must submit a short video about their family business and meet the following requirements: in business at least 10 years; have a Maryland business license and a physical location based in the City of Baltimore or Baltimore County; and have at least two family members working in the business.
The deadline for entry is May 2. For more information, visit the Samuelson’s website.
Milton Samuelson opened the first Samuelson’s store on Pennsylvania Avenue in Baltimore in 1922.
His son, Steve Samuelson, joined the business in 1962.
In 1972, the retailer moved downtown to Baltimore Street, where it operated as a traditional pawn shop, buying and selling guitars, antiques and collectibles, and jewelry.
Today, the jeweler has two locations in Maryland and one in Virginia, and an appointment-centric business model focused on buying and selling fine jewelry.
The company said it reached 100 years by adhering to three core values—trust, integrity, and transparency—and by abiding by one key rule.
“My grandfather, Milton Samuelson, always said, ‘You gotta change with the times.’ Change is constant and you need to adapt to the current business climate without changing your core values,” Ron said.
“One rule that has kept the family together is to never engage in family politics, and we have not broken that rule. We all have tremendous respect for one another and value the views and expertise we each bring to the table.”
The retailer has an e-commerce site, does virtual appointments, and sells its jewelry on Etsy and 1stDibs.
“I am so proud of our team and how we continue to grow despite the many challenges that we have faced over our 100-year history. To get to this milestone and still have a strong business and family bond is what keeps me going every day,” Steve said.
“We look forward to the future and celebrating 100 more years in business.”
The Latest
Consumers today are looking for a little escape, and jewelry is the perfect avenue to provide it, presenters at the Vicenzaoro show said.
The “Extraordinary Lovers” collection features engagement rings with enamel scenes inspired by art and mythology.
BIPOC designers can apply for a spot in the mentorship program’s third cohort until Oct. 8.
Growing your Instagram following organically is more important than ever in today's technological environment.
The luxury giant recently completed its acquisition of the Italian jewelry brand.
The Seymour & Evelyn Holtzman Bench Scholarship provides tuition help to aspiring bench jewelers.
Associate Editor Natalie Francisco highlights the best jewelry looks from the 76th Primetime Emmy Awards.
Supplier Spotlight Sponsored by GIA.
The lab will include reference numbers on reports for cultured pearls that contain bead nuclei embedded with an RFID tag.
Lilian Raji offers advice to a reader frustrated with the current state of their company’s website.
The actress shared her inspiration for the collection, insight into her personal style, and which jewels President Barbie would wear.
The giant gem originated from Karowe, the same mine that yielded a 2,492-carat rough diamond in late August.
Monishkumar Kirankumar Doshi Shah admitted to dodging customs duties on more than $13.5 million of jewelry imported into the U.S.
The new boutique is located on Madison Avenue.
The company’s fourth location worldwide will focus on its AI-powered gem document, the Gem Passport.
Its next event will take place in D.C. on Sept. 17 and in New York City on Oct. 29.
The artist opted for big yellow diamond earrings, a vintage chain, and white metals at the annual MTV awards show.
The Swiss watchmaker has created limited-edition timepieces for all 32 National Football League teams.
This carved jasper and yellow-diamond-eyed cat brooch from 1962 is the perfect accessory for Friday the 13th.
The jewelry giant said it expects to see an uptick in engagements in the second half of the year.
Sponsored by Gemological Institute of America
The brand is celebrating its upcoming 55th anniversary with modern designs that pay tribute to its history.
He, and other newly elected board members, will begin their terms in February.
Those interested can apply online now through Nov. 15.
Its “Her-ology” report highlights trends in the women’s luxury watch market, from top brands to movement preferences.
Scheduled for Sept. 25, the online-only event will be open to non-AGS members this year, for a fee.
Customers in more than 150 countries can now shop at the jewelry retailer’s online store.