Company to offer jewellery buying service to retailers out of London.
Hatton Garden diamond merchant Shepherd & Taylor has extended its diamond jewellery buying service to target retail jewellers throughout the UK.
Shepherd & Taylor has been buying jewellery from retailers in Hatton Garden and Bond Street in London for more than 30 years but has now decided to open up its services to a wider network of stores and will now buy unsold stock or jewellery traded in by consumers from all over the UK.
To aid retailers, it will offer an instant over-the-phone valuation service for diamond jewellery brought in for sale or trade by consumers. Retailers can call Shepherd & Taylor to describe the item and will then receive a verbal offer over the phone. Items should then be sent to the company by Special Delivery to finalise the offer and if the jewellery is accepted then funds will be transferred to the retailer’s account the same day.
Shepherd & Taylor chief executive Howard Taylor said: “We have built up a reputation for offering a fair price for pre-owned jewellery and surplus stock. We now wish to provide this supportive behind-the-scenes service to more businesses, and have made the process as simple as we can, with quick turnaround time and same working day payments.”
The diamond merchant has teamed up with former Alfred Terry boss Nick Kasler to extend its reach.
Kasler said: “Since handing over the reigns at Alfred Terry, I have been looking at avenues in the industry in the spirit of giving something back and supporting my friends and colleagues in these challenging times. I know the predicament of turning away a customer who approaches you with an item of jewellery to sell. You cannot always take the financial risk nor have the funds available to buy it. A simple phonecall means that you now no longer need to let your customer leave your shop disappointed.
“The additional freedom of knowing that you have an outlet for your unsold stock is also a huge boost to retailers. They can be bolder with their ordering and refresh their stock more frequently.”