February 9, 2005

WM Putting Pressure on Mom and Pop Diamond Dealers

Small jewelery stores are not the standard version of mom and pop:

From mine to merchant to customer, the diamond business is changing while it expands like never before--and the Internet is only part of it. Consumers, both men and women, are demanding better stones, often for lower prices, in a wider variety of locations.

Mom-and-pop stores are being squeezed by giant chains like Wal-Mart Stores, now the world's largest jeweler, and Costco, which increasingly sells diamonds over two carats. Department stores, too, are upgrading their jewelry counters. (Jewelry did much better than clothing in many of them over the holidays.)

Posted by Kevin on February, 9 2005 at 11:56 AM