Third-generation jewelry retailer Samuelson’s Diamonds announced that it will open a hybrid estate buying office–retail showroom in Baltimore on Sept. 14.—after closing its longtime downtown Baltimore store near Camden Yards.
The office-and-retail space at 2800 Quarry Lake Dr., Suite 240, called Samuelson’s Diamonds & Estate Buyers, will complement an existing Samuelson’s retail store in affluent Washington, D.C., suburb Chevy Chase, Md.
The Quarry Lake office will focus primarily on estate buying—diamonds, jewelry, watches, silverware, and gold. In-house experts will include gemologists, jewelers, and certified diamond buyers.
The space will be open by appointment only Monday through Friday and one Sunday per month—a major departure from the typical jewelry retail grind.
Steve Samuelson, co-owner, addressed the shift in a prepared statement, saying, “One thing my father Milton always said, when he started this business in 1922, was that you have to change with the times.” He adds, “We strongly believe that the future of retail and estate buying is to provide a unique and pleasurable experience.”
CEO Ron Samuelson added in the same statement, “After eight years in Chevy Chase offering our D.C.-area clients a transparent, educational, and private experience, we realized that this is the future of estate buying and retail sales. When clients meet with us, they’ll always have our full attention. Our appointment-only model allows our team to answer all questions and make sure everyone fully understands the evaluation process and our offer.”
The 2,000-square-foot second-floor office space will feature private consultation rooms for clients looking to sell jewelry alongside a retail showroom boasting a large selection of diamonds and pre-owned luxury branded jewelry and watches.
The company stressed that although the downtown Baltimore store is gone, the family-owned business “still believes in the future of Baltimore City,” read the statement. They are keeping their partnership in the 400 block of West Baltimore Street, where the family owns 12 buildings and has national tenants such as Panera Bread and PNC Bank.
Top: The owners and staff of Baltimore’s Samuelson’s Diamonds & Estate Buyers (courtesy of the company)