Sherry Smith shares data on the year gone by, including the breakdown between natural and lab-grown diamond sales.
The Real Reason People Buy Jewelry
As the trade shows kick off in Las Vegas, Editor-in-Chief Michelle Graff reminds jewelers what they’re really selling when they sell jewelry.
As I write this I am 30,000 feet up and the plane’s spotty WiFi won’t let me procrastinate on doing a blog post any longer. The Internet is not really working up here; I have no other choice but to write.
It’s the day before the bulk of the shows kick off in Las Vegas, and I probably should be commenting on the current state of retail, the outlook for the remainder of 2016, or what people think about this (fill in the blank with your own adjective) election.
But I feel like that’s all been rehashed many times, and by many more qualified than me.
So instead I am going to write about something I hope jewelers keep in mind as they run from appointment to appointment, trying to decide which vendors to keep and which to add. And that is: what you are really giving customers when you sell them a piece of jewelry.
A week ago, I lost my last grandparent. My maternal grandmother, Helen Ober Willman, passed away at the age of 98.
The third oldest of 13 children raised in a row house on Pittsburgh’s North Side, she was the next to last of her siblings to go. Now only one sister, my 93-year-old Great-Aunt Anna, survives.
My grandma had an absolutely beautiful collection of jewelry, both costume and fine, that was divided up years ago before she entered the home that would be her last.
In addition to the jewelry, my grandma, like most, passed on a bits of wisdom throughout my life, which includes, but certainly is not limited to, the following.
1. Practice safe sex. These were not her exact words but, rather, what I distilled from the following scenario, which happened on more than one occasion when I was a young teen. We’d be out somewhere together and my grandma would spot a young-looking girl who was either pregnant or pushing a stroller. She then would turn to me with little regard for volume and say in a semi-threatening tone, “Don’t you end up like that.”
2. Never lend money to relatives.
3. Don’t ever depend on a man for money. Have your own job and make your own living.
But probably the most useful in my current line of work, and perhaps the only one of interest to those currently reading this blog, was this piece of advice that she handed down along with the gold and diamond necklace pictured above:
4. Beautiful jewelry is meant to be worn, not put away in a box because you’re afraid of breaking it or losing it. Wear it when you go out. Have fun with it.
While I had the pleasure of being the sole recipient of that first bit of wisdom, my grandmother must have shared the last with both her daughters and my cousin’s wife because all four of us saw fit to wear a piece she had passed down when we gathered to say goodbye last weekend.
And that, in a nutshell, is why people buy jewelry.
Not because they want another possession, or because it comes with a piece of paper printed with a bunch of letters intended to denote its beauty or value.
They buy it because it’s fun to wear, it has lasting value and it connects people across generations. People buy jewelry because they know they can enjoy it, then pass it down and enjoy watching other people wear it.
The last few years of my grandma’s life were difficult.
She suffered a stroke shortly after her 90th birthday that begat a slow, eight-year decline. Her eyesight eventually failed her, but never so much so that she couldn’t see when I was wearing her necklace. (As another testament to the power of jewelry, I would note that my grandmother had forgotten a lot by the end but she never forgot what I did for a living. I wrote about one of her favorite things--jewelry. She often would ask when I saw her if I had any “free samples” for her.)
As I said here before when my paternal grandmother died a few years ago, I don’t have any firm beliefs about what happens to people when they die.
Sometimes, I can’t shake the idea that some sort of afterlife where we’ll all be reunited is just a story we tell ourselves because the alternative--that somebody you loved so much is just gone--is simply unthinkable.
Other times, I believe that both my grandmothers are still with me and that I will see them again one day. I would also like to think that Grandma Willman was with us last weekend, saw us wearing her jewelry and was happy.
The Latest
The company also is matching donations made to Jewelers of America and the Diamond Council of America’s Jewelers Relief Fund.
Now in its fourth year, the program is expanding to include a list of “20 Under 40” for jewelry suppliers.
The new year feels like a clean slate, inspiring reflection, hope, and the motivation to become better versions of ourselves.
Core retail sales during the 2024 holiday season surpassed the National Retail Federation’s forecast.
The “Reach for Life” collection uses feather and arrow motifs to invite growth and inner curiosity.
Peter Smith pulls back the curtain on the often misinterpreted, and sometimes maligned, world of sales training.
A Diamond is Forever hosted a holiday celebration in honor of their new marketing campaign, ‘Forever Present.’
Pantone’s 2025 Color of the Year takes the form of jewelry through gemstones and enamel that look just as delicious as mocha mousse.
From raffles to auctions to donations, the industry is working to aid charities in Los Angeles amid the raging wildfires.
Julia Hackman Chafé and Monica Elias have joined the organization’s board of directors.
The company, which owns Cartier and Van Cleef & Arpels, had a record Q3, with sales topping $6 billion.
The necklace features a sapphire drop weighing more than 9 carats that detaches to transform into a ring.
Jameel Mohammed, founder of Afrofuturist brand Khiry, will receive a cash prize and a one-year paid fellowship with Tiffany & Co.
The 127-year-old jeweler is planning to open a new store in Mystic, Connecticut.
The watches’ dials feature artwork celebrating the vibrant energy and unique landscapes of six of America’s national parks.
Offered by U.K. auction house Woolley & Wallis, the yellow diamond bracelet was a gift from Taylor’s good friend Michael Jackson.
The jewelry trade show returns to The Venetian Expo and The Venetian Resort in Las Vegas from June 6 to 9.
The closures are part of the retailer’s plan to close 150 locations over a three-year period.
The online guide is available for free and written with the jewelry industry in mind.
The awards honor the late Jose Hess, a founding member of AJDC and an award-winning jewelry designer.
The grading lab said the search for her successor is underway.
In this special op-ed, designer Jules Kim calls on big brands to collaborate with independent creators instead of copying their designs.
A pioneering figure in gemology, he is remembered for his spirit of generosity, curiosity, and joy.
The peak selling days leading up to Christmas did not meet the jewelry retailer’s expectations.
Schneider brings over 20 years of luxury and fashion industry experience to his role as a key member of the brand’s global leadership team.
Gemfields said the Zambian government revoked the 2019 suspension of the tax with no warning.