| January/February 2003 | |||||||||||||||||||||
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According to Colored Stone's annual survey of retailers, there are still plenty of custom jewelers in the United States, and those jewelers continue to buy loose colored stones. But that doesn't mean the market is wide open. For many in the jewelry business, trust is a key issue, and established jewelers say they generally prefer to do business with those they already know. "We buy almost everything from a few suppliers that we have been working with for years some more than 30," says Daniel Spirer of Spirer Somes Jewelers in Cambridge, Massachusetts. "I rarely buy from any new people anymore. I simply don't trust the marketplace enough. I prefer to work with the established [dealers], mostly AGTA members that we have been dealing with for years. At least with them, I can be reasonably assured I am getting what I think I am." In Colored Stone's survey, 72 percent of respondents said they buy loose gemstones from regular domestic suppliers, compared to 40 percent who buy at trade shows and 28 percent who purchase from traveling salespeople. If a jeweler is happy with his colored stone supplier, there is often no reason to look elsewhere, and there are a number of reasons not to. "If you deal with one dealer specifically, he will tend to court you and give you good terms," says David Keeling of David Keeling Fine Jewellery in Edmonton, Alberta, Canada. "I buy from three or four different companies, but primarily from one [dealer] because he treats me extremely well. This gentleman pays me a visit two or three times a year, takes me to dinner, and spends time with me. He's very interested in me growing the business, and wants me to do more colored stone work."
"Building trust for both buyer and seller simplifies ordering," observes Thomas Blair of Island Gold Works in Hilton Head, South Carolina. "We have always paid on time, and now, when I need something, [they send items on memo]. The other day, [my principal supplier] sent a dozen approximately one-carat, clipped-corner, princess-cut, top-of-the-line sapphires for me to show a client and choose one." That's not to say retailers never turn to new suppliers. Inevitably, retirement and death leave holes in the jeweler's network, and it becomes necessary to forge new relationships. And occasionally, a dealer will offer a product so unique or exceptional that he can get by a jeweler's instant "I'm not interested" response. "I had one guy show up in the beginning of December one year, and I told him under no condition was I going to buy anything from him, but that I would look at what he had for the future," says Spirer. "Ten thousand dollars later, I realized we had another new supplier." SW Online Resources for Bench Jewelers Jewelers
of America (JA)
New Approach School for Jewelers Revere
Academy of Jewelry Arts Ganoksin.com Society
of American Silversmiths |
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