It’s been a challenging year for jewelers to navigate with gold reaching record highs, inflation surging and demographic and other changes driving a new economy. Here we look at the impact on jewelers.
Many jewelers are earning a nice living from their trade, supported by a strong economy and rising prices — but one operational area continues to stand out as an area that needs improvement. (Hint: it’s not sales.)
Not only do buying and selling sum up what jewelry retailers do at the most basic level, but they also hint at what makes the business such sport: the informed bets on the right inventory and brands, and the thrill of the close. Here, jewelers share what they got right — and wrong.