Other

Designer’s Diary: A Refund on Love?

OtherAug 17, 2015

Designer’s Diary: A Refund on Love?

In her latest diary entry, custom engagement ring designer Jacqueline Stone runs down the biggest mistakes jewelers make when bridal customers come through the door. 

Jackie-Stone-article.jpg
Jacqueline Stone is the chief creative officer of her company, Salt + Stone, working primarily with private clients to build custom engagement rings and wedding bands. She can be reached at shine@saltandstone.com.

Engagement ring builds are not for the faint of heart. Ask any fine jeweler about some of the rings they’ve created over the years and there are sure to be a few interesting tales that are shared just among friends.

I’ve experienced the client who just wrote a check, was off on a business trip, and let me know when he expected the ring to arrive. There has also been the detailed-oriented fellow or gal who needed a full explanation and diagram when even a sliver of metal is added for securing a stone. Most clients fall between these two sides of the spectrum, but one thing always remains: It’s an emotional buy.

Think back on all the largest purchases you’ve made in your life. A college education, a car, a house, a pet--all these items have an inherent worth that is easy to recognize: furthering your ambitions, helping you travel, providing shelter, or delivering unconditional love. The engagement ring is the first enormous purchase that a man or woman will make on blind faith. They are buying an expensive piece of fine jewelry in the hopes that she or he will say yes. Does it get more romantic?

It’s a long-standing tradition in our society that shows no indication of slowing down. If anything, research shows that the next generation of newlyweds are approaching marriage with a renewed optimism and that divorce rates might start to see a small rate of decline. “Love Wins” doesn’t seem to only apply to the LGBT community, but to all of us.

How does this information guide the retail jeweler on creating powerful memories with their clientele? I think the biggest thing to remember is that the process is organic. If you are trying to apply a canned sales formula to your bridal purchases than you are losing out on valuable customers.

Each and every couple on this planet has a unique love story. The second you try to push them toward a ring that is a “best-seller” or “a fabulous new model” their eyes glaze over. Men buying for women definitely can be more technical about their purchase and want to know detail upon detail about the diamond. But sometimes, they need some gentle guidance back to center: What does the ring represent to them? When did they know she was the one? How do you want her

to feel? Other times they are putting so much emphasis on finding the perfect rock in an effort to distract them from their fears. Our job is to help them remember that if they weren’t nervous, well it wouldn’t be worth it, would it?

Another thing that we all seem to lose sight of is how a man or woman starts his initial search for a ring.

It’s all word-of-mouth, even to this day. This is the type of purchase where the buyer isn’t going to trust the advertisements or marketing that’s been thrown his or her way. If anything, the customer rejects this noise in favor of asking a trusted friend. Sometimes, if we are lucky, he or she will go to a reputable online diamond forum to educate themselves more about the 4 Cs of diamonds: cut, clarity, color and carat.

Does this mean all our marketing efforts are to be tossed aside? Absolutely not, but it gives us a better understanding of our client’s modus operandi. These terrified young men and women can smell artificial concern a mile away. You want to win their business? You have to win their friendship and trust first.

Sometimes the best advice I’ve received has at first seemed counter-productive. You want more of my time? But education is essential to building a level of transparency, trust and kinship with your client base. Some choose to do this online and I applaud their efforts. I do more of my free education over the phone or email. I’ve talked to probably hundreds of men and women over the years about diamond purchases. And no, not all of these people have become clients of mine. “What a waste of time!” you might say, or “I don’t have the resources for this nonsense.” Well, the current economy indicates that you probably don’t have the luxury of not completing this exercise. Not all your educational tools are going to win you new business, nor should they as that would not be education, but propaganda. When you educate buyers you are being of service, you are helping your community (if not yourself), and you might run across a few questions that lead you to a very humble “I don’t know.” By helping our customers become better informed, we too stay on top of current happenings in the industry.

One way I see a lot of retailers shooting themselves in the foot is by sizing up their clients when they walk into the door. It’s the old retail adage that needs to be quickly destroyed. A wealthy client sometimes shows up to shop in their Sunday best, but, these days, they’ve often just walked out of the gym in a tank top and leggings. If we judge a book by its cover, we do ourselves an extreme disservice. Let’s not forget the founders of Stanford University: two wealthy benefactors that were so disgusted by their treatment, based mostly upon dress code and their accents, that they decided to take their money elsewhere and start their own school. 

Not to mention, I’m also a believer that no budget should ever be scoffed at. If you are only thinking with profit margins as your end-goal with bridal than you have missed the point completely. There is no value to ever be placed upon love. Sometimes my smallest customers have brought me my hugest clients, and sometimes my smallest customers are merely there to remind me why I build engagement rings in the first place.

Lastly, I’ve heard many a horror story from a client who walked away from a larger jewelry store because of the way they were treated. When they voiced some discomfort or unhappiness about their purchase, a full refund was offered. Seems like simple business logic, right? Wrong. A bridal client should never be given a refund. There is no refund on love. It’s timeless, endless, and priceless. What the large guys seem to have forgotten is that although this is a business, it’s a business of love. Those clients weren’t looking for their money back. They were looking to be heard, cherished and were hoping someone could understand the significance of their love story. We do. We get it. We got into this business because of a captivating love affair with jewelry.

Letting go of your numbers and your bottom line is not an easy exercise. But when you realize you are building fine jewelry for people, for memories and for magical moments, you start to surrender your fear-based philosophies about sales and pick up hope.

Buying an engagement ring is one of the most hopeful and optimistic purchases on the market today. We could all learn a thing or two from the risk-taking soulmates who present themselves to us in a world driven by dollar signs.

Jacqueline Stone has a background in finance, marketing, advertising, product development, fine jewelry manufacturing, design and sourcing. She currently is the chief creative officer of her company, Salt + Stone, working primarily with private clients to build custom engagement rings and wedding bands. Stone can be reached at shine@saltandstone.com.

Michelle Graffis the editor-in-chief at National Jeweler, directing the publication’s coverage both online and in print.

The Latest

The Retail Smiths founder and National Jeweler columnist Peter Smith
ColumnistsMay 12, 2026
It’s Official: We’re Getting ‘Brain Rot’ From Watching Short-Form Videos

Peter Smith gives tips on leading meetings, developing marketing, and making trade show appointments in the age of short attention spans.

Jessica McCormack Medallion Capsule Collection Campaign
CollectionsMay 12, 2026
Jessica McCormack Debuts Antique Coin-Inspired Medallions for Summer

The 11-piece “Medallions” capsule collection features five motifs: a crying eye, a heart on fire, a spiral, a flower, and a swallow.

People shopping in a jewelry store
IndependentsMay 12, 2026
State of Retail: 6 Things Retailers Should Know About Consumers Today

From Gen Z’s view of luxury to “doom spending,” these are the six consumer trends to note this year.

1872x1052-NextGem-2026-National-Jeweler-Advertorial.jpg
Brought to you by
How Modern Training Is Becoming a Competitive Advantage for Jewelry Retailers

With the trade and customer trust in mind, GIA® developed NextGem™ – on-demand training designed specifically for retail.

Tiffany & Co. x CFDA Jewelry Designer Award
Events & AwardsMay 12, 2026
The Tiffany & Co. x CFDA Jewelry Designer Award Is Back

The partners have announced the second cycle of the program, which has expanded to include a $25,000 student scholarship.

Weekly QuizMay 07, 2026
This Week’s Quiz
Test your jewelry news knowledge by answering these questions.
Take the Quiz
Merle, Juanita, and Brent Staats of Staats Jewelers
IndependentsMay 11, 2026
Kansas Jeweler Closing After 70 Years

The owners of Staats Jewelers are heading into retirement.

Former Macy’s CEO Jeffrey Gennette
TrendsMay 11, 2026
Former Macy’s CEO Joins Signet Jewelers Board

Jeffrey Gennette, who retired in 2024 after 41 years with Macy’s, is the newest member of the jewelry retailer’s board of directors.

Antique Jewelry & Watch Show
Brought to you by
Discover Timeless Treasures: A Showcase of Antique Jewelry & Timepieces in Las Vegas

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

Buddha Mama gold earrings hexagon emerald
TrendsMay 11, 2026
Amanda’s Style File: Lucky May

May babies are lucky to have emeralds, a gemstone admired for centuries, as their birthstone, writes Amanda Gizzi.

Clientbook Logo
TechnologyMay 11, 2026
Clientbook’s New Tool Helps Jewelers Plan In-Store Events

The new module allows retailers to plan, promote, and measure the success of events from a single dashboard.

Pandora lab grown diamond necklace
Lab-GrownMay 08, 2026
NDC Publicly Criticizes Pandora Over ‘Misleading’ Natural Diamond Claims

NDC said in an open letter that Pandora’s statements about the carbon footprint of lab grown versus natural diamonds are inaccurate.

Ronnie VanderLinden and Feriel Zerouki
SourcingMay 08, 2026
Ronnie VanderLinden Takes Over as WDC President

The diamantaire and industry leader succeeds Feriel Zerouki and said he will focus on being a “champion” for natural diamonds.

Glenn Spiro Old Moghul Golconda Earrings
TrendsMay 08, 2026
Rihanna Chooses ‘Desert Diamonds’ for 2026 Met Gala

She wore our Piece of the Week, Glenn Spiro’s “Old Moghul Golconda” earrings, featuring fancy brown-yellow diamonds totaling 51.90 carats.

Kennedy’s Jewelers tourmaline necklace
Events & AwardsMay 08, 2026
JA Announces 2026 CASE Award Winners

Two pieces were named “Best in Show,” one from the retail category and one from the supplier category.

Brilliant Earth Jane Goodall olive branch necklace and earrings
FinancialsMay 07, 2026
Brilliant Earth Appeals to Higher-Income Shoppers in Q1

The jewelry retailer noted resilience among its higher-end customers while demand softened for its lower-priced offerings.

Kashmir sapphire ring
AuctionsMay 07, 2026
‘Spectacular’ Kashmir Sapphire Headlines Heritage Spring Jewelry Sale

Led by the 6.59-carat sapphire, the sale garnered $9.7 million, a record total for a Heritage jewelry auction.

Billy Welshoff
MajorsMay 07, 2026
Gannon & Scott Names New Regional Account Executive

In his new role, sales specialist Billy Welshoff will focus on the eastern United States.

José Gaztelu
WatchesMay 07, 2026
Chrono24 Names New CEO

José Gaztelu has been promoted to the role, which has been vacant since last year.

Jewelers of America Logo
Events & AwardsMay 07, 2026
JA Accepting Applications for 2026 Scholarship Program

It has also opened the application period for the Seymour & Evelyn Holtzman Bench Scholarship through June 30.

White and yellow rough diamonds from the Ekati Diamond Mine
SourcingMay 06, 2026
Canada’s Oldest Diamond Mine Faces Uncertain Future

The owner of the Ekati mine, which opened in 1998, has filed for insolvency protection amid the significant decline in diamond prices.

Pandora lab grown diamond rings
FinancialsMay 06, 2026
Pandora to Add Carbon Footprint Info to Lab-Grown Diamonds

The company announced the change alongside its Q1 results, which showed that the jewelry brand’s year is off to a shaky start.

Saks Fifth Avenue door sign
MajorsMay 06, 2026
Saks Global Begins Layoffs, Reorganization Plans Closer to Approval

The retailer will cut 16 percent of its corporate workforce as part of its plan to exit bankruptcy.

Heuer Monaco Le Mans
AuctionsMay 06, 2026
Steve McQueen’s Heuer Monaco Watch Heads to Sotheby's

Of the many examples used in the filming of “Le Mans,” this one is believed to have spent the most time on Steve McQueen’s wrist.

Met Gala 2026 Beyonce, Lisa Manobal, Hailey Bieber
EditorsMay 05, 2026
This Ohio Designer’s Jewelry Made It to the Met Gala

Megan Piccione dressed Lauren Wasser in layers of diamond jewelry, making her stand out in a crowd that included celebrities like Beyoncé.

Doug Hucker
SourcingMay 05, 2026
Doug Hucker Returns to His Roots

Following decades of association leadership, the “semi-retired” colored gemstone expert is turning his focus to gemstone education.

New York City FC winning the Philip F. Anschutz MLS Cup Trophy in 2021
Events & AwardsMay 05, 2026
AMNH to Showcase Famous Jewelry, Trophies in Sports History

The museum’s new exhibition will feature one of Jesse Owen’s Olympic medals, Yogi Berra’s crown, Super Bowl rings, and more.

Exhibitor at JIS
Events & AwardsMay 05, 2026
JIS Launches Brand Exposure Program

The new program provides access to media exposure and editorial opportunities for exhibitors and retailers.

×

This site uses cookies to give you the best online experience. By continuing to use & browse this site, we assume you agree to our Privacy Policy