The State of the Industry

Over the years, articles in JCK have predicted the demise of the independent jeweler. None of those predictions have come to pass, and the jewelry industry remains one of the few retail industries where independently owned stores make up a significant percentage of overall doors. The danger lies in complacency. Recently, I had a conversation with former JCK editor-in-chief George Holmes about the “State of the Industry” reports in this issue. It was he who reminded me of the occasional “obituary of the independent jeweler” articles we’d done in the past. He asked if I thought the situation was more urgent today. I said yes. “Why?” he challenged me. I said that I sensed seismic changes headed our way and that those who couldn’t adapt were headed for extinction—not just independents, but all jewelers. Holmes pressed on. “Elaborate,” he said. I ticked off the rea

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