Eric and Yvonne Smith, who have run an eponymous jewellery retail business for 45 years, will close their store doors for the final time when they retire at the end of April.
The Newton Mearns jeweller have revealed plans to close its boutique in spring after four decades serving generations of consumers in the Glasgow suburb.
While Mr and Mrs Smith will retire in April, its nine staff members will be made redundant after attempts to find a buyer failed to get off the ground.
Between now and April and owners are doing what they can to help staff affected, some of whom have worked for the jeweller for 35 years.
The retirement marks the end of a successful career in the UK jewellery industry for Eric Smith, who studied at Glasgow School of Art and designed and manufactured diamond pieces for retailers before launching into retail.
Talking to local newspaper, the Herald Scotland, Smith names his customers as the company’s greatest achievement.
“We’ve got grandparents whose grandchildren come in, and we’ve done the wedding rings and engagement rings for each generation. And I can’t believe that – it’s flattering,” Smith tells the paper.
Smith believes the business was hard to sell because many consumers predominantly came to see him and his wife.
He continues telling the Herald Scotland: “We came to realise it was easier to close than convince somebody [to buy it]. One particular company wanted a two and a half-year buyout, where we didn’t really get to retire. We would have had to keep working with this other partnership, and that didn’t really appeal to us either.”
Eric Smith Diamonds and Designs stocked pieces made in-house and designed by the owner, alongside brands such as Forevermark, Chopard and Roberto Coin.