Independents

Three Jewelry Buying Groups Form New Alliance

IndependentsMay 12, 2022

Three Jewelry Buying Groups Form New Alliance

The Independent Jewelers Organization, the Company of Master Jewellers, and Nationwide Jewellers have formed the Global Jewellers Network.

New York—Three of the largest independent jewelry buying groups worldwide have partnered to form a new alliance, the Global Jewellers Network.

The Independent Jewelers Organization, which operates in the U.S. and Canada, has teamed up with the Company of Master Jewellers, which covers the U.K. and Ireland, and Nationwide Jewellers, which operates in Australia, New Zealand, and Fiji.

Together, the groups cover nine countries and represent more than 1,500 independent jewelry stores.

“For the past 50 years, IJO has helped build successful, profitable retail jewelry stores for literally thousands of IJO business owners, their employees, and their families by leveraging the combined buying power and brain power of our group,” said IJO President Jeff Roberts.

“Our collaboration with other jewelry groups representing over 1,500 jewelry stores around the world will only strengthen that advantage.”

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IJO and Nationwide Jewellers have swapped marketing ideas, member benefits, and other group activities for more than 20 years, while the Company of Master Jewellers and Nationwide Jewellers have been collaborating since 2020.

“Success in specialty retailing requires a wealth of industry-specific knowledge, particularly with the challenging circumstances that have confronted us all over the last few years,” said Nationwide Jewellers Managing Director Colin Pocklington.

“The collaboration between our three groups will assist each of us in ensuring that our members are aware of and have the best opportunity to implement industry best practices.”

The group will also hold regular Zoom calls to discuss trending topics and share knowledge, said Emmet Cummins, managing director of the Company of Master Jewellers.

“There are a number of areas where both organizations are considerably more established and advanced, and this is of great interest to the CMJ.”

The collective plans to meet up at international jewelry fairs and events held by individual members. The first meeting is scheduled for September 2022 in Antwerp, Belgium.

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