Friday, July 27, 2018
Monday, July 23, 2018
Engagement Ring Roundtable At Albriton's Jewelry
We at Fresh Ink love doing all we can to celebrate not only our brides wedding day, but the entire planning process as well. One of the ways we do that is by our monthly roundtables with local experts where we discuss wedding related topics to answer questions give helpful insight.
During our most recent roundtable, we sat down with Cameron Albriton and Lauren Fordice at the new state of the art Albriton's Jewelry location to talk about what it's like to find the perfect fit for your style and budget when shopping for an engagement ring.
Elizabeth:
Welcome! We're going to get started and introduce our round table crew tonight.
You know the Fresh Ink people but I'm going to let our Albriton's friends
introduce and welcome us to their new spot.
Cameron A.: Hey
guys I'm Cameron Albriton. I'm president here at Albriton's Jewelry. Got our
lovely associate, Lauren Fordice, here. Knows her stuff so she's the correct
person to come talk to if you need any help with rings or of course, any
jewelry related item.
Elizabeth: We're
here in their new building which, we did a little tour of a few weeks ago but
it is gorgeous. Everything sparkles, everywhere you turn there are 100,000
things to chose from. You have to come by and see it. It's a stone's throw from
where y'all used to be.
Cameron A.: Yes.
Elizabeth: It's
very close by. We're going to hop into some of our questions just to kind of
get things rolling. At the end we're going to give you some really close up,
fabulous views of some rings that we thought were lovely.
Elizabeth: This,
I'm so excited about. This is so fascinating to me, this part of the couples
journey. We talk about this all the time how, people call us before they come
look at invitations and they were like "Well, y'all helped me with my
invitations and could you help my friend? She's coming in, I'm going to tell
her that she's on the way." It's something that people are so nervous
about. It's the first time they've done it, they don't know what they're doing.
Just kind of have them feel like they know y'all a little bit, or us a little
bit in our arena, just makes people so much more comfortable. I think that's a
great way to kind of say that we do things similarly.
Cameron A.: Absolutely,
yeah.
Elizabeth: Some
of our questions just to get us started were, one thing we talked about
initially, when we were brainstorming kind of some things like this were, how
is a local jewelry store different than a chain? What are some of the benefits
of working with somebody local whether it's short term or long term? What are
some of the differences in local businesses or chains.
Cameron A.: I
can help you out with that. There's a lot of differences. First thing, a local
business is going to be able to cater what they offer to their clients a lot
better than a chain will. Chains typically do a lot of market research, which
is great. The problem with that is they tend to kind of streamline all of their
stores. Everything that they offer, if you go into one for instance, say Kay
Jewelers, or someone like that, you're going to go to another one and you're
going to see pretty much the same stuff store to store.
Cameron A.: Another
thing about locals versus chains, I would say, is locals typically are going to
have a little bit more educated people that work for the business. They
typically last longer within a local store because they actually have more of a
relationship with the ownership. Owners are typically more involved, obviously,
in local stores than they would be in chains. You typically have less employee
turnover in local stores than you do chains. I would say that's one of the
aspects. You're going to see the same friendly faces every time you come into
Albriton's whereas certain chain stores, it could be a different person every
time you walk in there. It's hard to establish a relationship with a chain
store I would say, as comparing to a local store.
Lauren Fordice: A
lot of times too, if I know that I've been working with a customer and I'm not
going to be here, I've informed one of my other colleagues. They know so that I
can tell my customer "I'm not going to be here but you can come and ask
for Lauren, Stewart and anyone can help you."
Elizabeth: It
can be intimidating I mean-
Lauren Fordice: I
try to make sure they're always taken care of.
Elizabeth: Not
only if you're engagement ring shopping but it's, whatever you're purchasing,
it's intimidating to come in and to just have somebody that you know is kind of
experienced talking about rings and your don't even know where to begin-
especially when you've only been shopping online before then.
Bethany:
With online in general, the market changes so much with things online but you
could tell that it's probably more heavily about marketing and more about
technology in that field. Same with wedding invitations in our field as well.
It's like, we're going to walk you, step by step, line by line. Same way with
this. Educate you on what you're about to spend a lot of money on.
Cameron A.: It's
a big thing. We are not just selling pretty small rings. A lot of the items
we're selling are quite expensive. Most folks are, as you can say, it can be
intimidating to come into a jewelry store because number one, a lot of times,
especially with guys, they don't know a whole lot about what they're about to
come and buy, kind of what their girlfriend or someone has kind of pointed in
their direction. It's a lot of money. For guys it can be stressful because
they're saying to themselves, "I'm about to spend a lot of money on this,
I don't even know if this is exactly what she wants. If I present this to her
..." Guys want the reaction from their girlfriend or significant other.
When they don't get it and they spent all that kind of money, that's another
nerve-racking thing I think a lot of guys feel when they come in here. We try
to make it as comfortable as possible for them when they come by.
Elizabeth: That
was like, we were talking one time about, how do guys show up in here to look
at engagement rings. I just wish I could be a fly on the wall Do they just come
in and be like, "Uh, I need to look at rings?" Or do they-
Lauren Fordice: A
lot of times they act really shy. The girl's always like "Tell them."
Elizabeth: Do
they ever just say "I'm just looking?"
Cameron A.: All
the time. All the time.
Bethany: like
you'll say "Is there any particular thing this is for?"
Elizabeth: And
it's better for them to just come on out with it.
Cameron A.: Yeah,
just come on out.
Elizabeth: "I
am looking for an engagement ring."
Cameron A.: Don't
be bashful is what I would say. We're very friendly. No matter what your budget
is, we're happy to work with you. That's one thing about us. I've heard in the
past that we've got a little bit of a reputation for being an expensive store, something
like that. Yes we do have some very expensive items but we can tailor your item
to really whatever your budget is. That's one thing we do a really good job of.
I don't know if everybody does that. I've sold a $500 engagement ring and I've
sold a $40,000 engagement ring. Either way, we can make it work and handle it
for you.
Lauren Fordice: We're
going to try and help you out too and work with you on all different ranges of
what you're needing and everything. I've always felt proud of how we can handle
a lot of different ranges.
Elizabeth: So,
as a segway into that, we get this phone call a lot at Fresh Ink. "Fresh
Ink, this is Elizabeth, can I help you?" "I just wanted to find out
about what wedding invitations cost? What do invitations cost just like
about?" We're like, oh my gosh it's like such a loaded question. We've
gotten to where when we are initially meeting with people is, we tell them kind
of just some budget categories. We'll say "Would you be more comfortable
in the two to $4 a piece range? This range or this range?" What they don't
know is that a lot times they can get something that looks very expensive,
maybe they like typography or something about an invitation that doesn't have
to be printed in the most experience way. Maybe it's kind of the same with a
ring. What do you find when people come in. I know you've got the inevitable
question, what do engagement rings cost? How do you even tell people brackets?
What do you see in our market?
Cameron A.: I
would say, we do get the question, number one. It's usually someone who hasn't
done much research, which is the vast majority of guys that come here haven't
done too much research. Some have done more than others. Most people have no
idea though. A lot of times they just come and say "What does a one carat
diamond ring cost?" That could be all over the board. We kind of try to do
the same thing. We say "Listen, what are you looking for? A one carat
ring, do you want a solitaire, do you want something that's a little bit more
dressed up, a little more detailed?" Sometimes they know what they're
looking for. Other times, "I don't know, geez, I don't know I need to ask
her."
Cameron A.: Once
we kind of get a ballpark on where they want to be, we can give them ranges
essentially. Telling them "Hey, this will give you a nice quality stone.
You're not going to see anything with the naked eye. No [inaudible 00:08:17]
color to the stone, it's going to look nice in the light," things like
that. We try to give them a range and say "Listen, if you come in and sit
down we can actually explain, show, you the difference versus just saying this
stone is going to cost $2,000 more than this one." It doesn't mean much
until you actually can lay eyes on the piece. That's way we kind of handle that
when customers come in asking "And what's this going to cost me.
Elizabeth: Can
you tell us some numbers. I'm just trying to ask what I think people want to
know.
Cameron A.: Sure.
Engagement rings are going ... again like I said, they could be all over the
board. I would say, let's put this way, one of the chains that we are familiar
with, they do a lot of market research. One of the things they discovered was
the average engagement ring, usually it's between three and $5,000. For us,
we're a little bit higher in the store. I would say our average is probably
higher than that. Probably somewhere in the five to 10 range, is probably what
we average on our engagement ring sales. It doesn't mean that we certainly
couldn't service somebody in that price range. That's kind of what I would say.
I'd say you've got ballpark ranges anywhere from the low thousands, kind of
coming into it. You want to spent probably 2,000, $3,000 in order to get
something that's going to give you a decent look.
Cameron A.: I
told you earlier that I sold a $500 engagement ring. There's not a whole lot to
that. Stone just is solitaire, small diamond on top and that's kind of where we
are. You want to come into it with a couple of thousand dollars will give you
some options. If you came in with under that you're going to be limited and we
can supply you obviously. Come in expecting you're going to get a really
detailed setting in that price range is going to be difficult to achieve. A lot
of the setting themselves, detailed look, are going to run starting $1,000
bucks and up from there.
Elizabeth: Right.
Cameron: You know
it's probably just a solitaire, small diamond on top and that's kind of where
we are. So you want to come into with, a couple thousand dollars will give you
some options. If you came in with under that, you're going to be limited. And
we can supply you, obviously, but coming in expecting you're going to get a
really detailed setting, in that price range it's going to be difficult to
achieve. You know, a lot of the settings, themselves and the detail look, are
going to run starting at a thousand bucks and up from there. And so, you got to factor in some budget for
your diamond as well. And so that's important.
Elizabeth: Yeah,
gosh.
Bethany: Oh,
about expectations, we were talking about that before at a round table. It's
like if you have, you know, depending on your price range you have to also
adjust your expectations accordingly, so.
Elizabeth: Well,
just a quick pause as we get set in our discussion if you have any questions we
would love any questions that you have because we got a few more, but I'm sure
there's some that you would like to know.
Cameron: Yes.
Elizabeth: And if
you're, you know, in a serious dating situation with someone and you've always
been embarrassed to like prance in here and ask Lauren a question... now you
can just tell us on Instagram and we will ask it for you.
Cameron: Be
somewhat unanimous.
Elizabeth: Yeah,
exactly.
Cameron: Semi
unanimous.
Lydia : We've
had a couple people comment. Sara Gatlin asked, "Do you all see a lot of
people coming to get gemstone rings for engagements instead of diamonds?"
Behtany: Great
question. Terrific question.
Cameron: Yeah,
accents or even center stones sometimes when we do ... A lot of times sapphires
for center stones because they hold up better than some of your other colored
stones. Obviously, we can supply any colored stone should you prefer. If you
want an emerald, or a ruby, or an aquamarine or something different, we can
always-
Elizabeth: I can
totally see Sarah doing a colored center stone.
Cameron: Yes.
Yes.
Bethany: Actually-
Cameron: ... we
definitely do that. That's definitely something that popular these days. And
you got something?
Bethany: I
heard, well I was going to say, I heard, I didn't know this, I mean, I don't
know anything about rings but like the reason diamonds and whatever materials
were used most prominently is because their everyday rings, they have to be
tough, and not every gemstone is like tough enough.
Cameron: Sure.
Bethany: ... to
be worn every single day,
Cameron: You're
100% correct. I mean, there are gemstones out there, that's why I recommend the
sapphire or ruby if you are going to go with a colored stone because on the
hardness scale a diamond is a 10, which is as high as it goes. The next step
down is a nine, that's going to be your sapphires, things like that. There's a
massive difference between 9 and 10. So even though sapphires a nine and it's
very, very hard, it's not anywhere close to a diamond. And so it's gonna
scratch, it's gonna abrade, but it's gonna hold up better than like an emerald
or some of those other colored stones that you'll see that are options for you.
So that's something to keep in mind, in case your ring is an everyday ring. So
if you go with something like an emerald or an aquamarine or one of those
gemstones, an amethyst-
Lauren: Know
how to take care of it.
Cameron: Yeah.
They're going to abrade. They're going to scratch. And you may in time have to
have those re-polished or replace the stone all together, if you choose. But that's
something to keep in mind if you do go with a colored stone ring.
Elizabeth: Especially
since Catherine of England has like the Princess Diana one with the sapphire in
the middle.
Cameron: Yeah,
Princess Diana has the big, or had the big ol' sapphire diamond ring and it's
beautiful for sure.
Elizabeth: Okay,
great. Okay, I got a few more and then I'm going to segue into a couple of
questions. We'll get close up and let you look at some of these. But, you know,
this goes to what we were talking about. What would you say is the smoothest,
you know, procedure for somebody that's coming to look. Whether like bringing
in their fiance or what would be the per- ... If you could anybody advice on
how to go about starting to look, what would you tell them?
Lauren: Well,
I mean, everybody's different but since I've worked here one of the best thing
is for a couple to come in together so we can really sit down, especially with
the girl, take notes, really like get to know her style and what she likes.
'Cause it is the biggest, one of the biggest purchases of this guy's life. And
you want it to be right. So I think it definitely helps to come in together. Or
we've had couples where the girl comes in by herself or with friends or sisters
or whatever and we do the kind of same process. And then what we do is we'll
write the notes down and we'll write on our cards for the girl to give to the
guy. So that way he has all the notes that we took, we have all of our notes,
so he can come in whenever he's ready-
Cameron: True.
Lauren: ...
or you know, to make the next step. And we can then kind of start talking
budget. But at least we know like the girl's style which is very important.
Elizabeth: She
probably has seen a lot on the internet or whatever but maybe not in person.
Lauren: Sometime
it's totally different. You might like something on Pinterest or whatever but
when you put it on, it's totally different, so.
Cameron: Yeah.
Yeah, I agree with that.
Lauren: It's
good to try on.
Cameron: Yeah,
it's definitely good to try on. A lot of ladies these days have Pinterest
boards and stuff like that where they found a lot of rings and styles they see,
they've like online. And when they get in the store sometimes the reaction is
not what they thought they would be when they'd actually try a ring that's like
that on or see the ring in person. So, it's really important to get in here,
but I'd reiterate what she said, what Lauren said. A lot of times it's nice for
the couple to come in together these days, get a feel for what she likes
because there are so many styles and options out there these days. Usually,
unless the couple has already discussed budget, which sometimes they have, and
sometimes they haven't. The first meeting, yeah, we're just looking at: all
right what shape center stone do you like, what style of ring do you like?
Lauren: Her
ring size.
Cameron: Ring
size.
Lauren: Yeah,
we need that.
Cameron: For
sure. For sure, got to have the ring size. Because you'd be surprised how many
times we'll get down to it, the guy be ready to go, you're like, "Okay,
let's order this." And we'll go, "What's the finger size?" And
he'll say, "I've no clue."
Lauren: We're
like, "You need to get a ring out of her jewelry box and bring it.
Elizabeth: Yeah,
I saw that somewhere when I was like just looking for some questions, it was
like, "Borrow one that she won't know is missing and get it sized."
Cameron: Yeah.
Cameron: That's
one of the hardest parts probably for guys, especially if they're trying to be
discrete and kind of more of a surprise.
Elizabeth: Yeah.
Cameron: Just so
a little bit because a lot of these designs settings or detail settings can
only be sized so much from where they start. And so, that's one thing we always
want to try to get as close as we possible can on figure size for her. So if we
do special order the ring and maybe we're off a half size, that's not a big
deal to size. It's when we're off by two sizes, a size and a half, when things
become a problem. And so that's one thing that we always like to do, if the guy
... Usually the guy and girl discuss getting married before he comes in and
buys the ring at least a little bit.
Lauren: He's
usually mentioned it or she's showed him her Pinterest.
Elizabeth: I can
see a guy trying to navigate through Pinterest. Really it's only a screenshot
of a Pinterest.
Lauren: Yeah,
but then there's like five different styles and I'm like, "Okay."
It's gonna go like: here's the most classic one
Cameron: Exactly.
But it's, you know, that's why it's nice sometimes to have them bring the girl
in too. Because we'll take notes on what they've looked at. And if he says,
"Hey man, I see this Pinterest page." And we're seeing a ring that's
similar to this one that we saw on store over and over again. Well, hey that's
a pretty good pattern right there. It's probably a good sign that she really
likes that ring right there, or that style.
Jill Gunn: Excuse
me, do you all take appointments?
Cameron: We do
take appointments. Absolutely. So, that's one thing if for instance you want to
sit down with either myself or Lauren or anyone in particular. We definitely
take appointments. Just reach out to us. You can email, call. We'll give you a
wide open time frame of when we're available to meet with you guys. And like I
said, we've done, I've met before opening hours and after closing hours with
people before. So, we're very flexible as far as if someone really wants to be
discrete.
Lauren: Yeah.
We've like shut people in the office before. Closed the doors.
Elizabeth: Well,
I told Lydia this story when we were like brainstorming the other day. I
was with my family this weekend at the
beach and so I was like just asking my sister-n-law, "How did you all do
your ring?" And she's like, "Well, we were in Jackson for a wedding
and you know, we just were going to go look." And I said, "Where'd
you go?" "Well, we went to Alberton's." So they're in there and
they walked in, of course this is the old store, this is like-
Cameron: Sure.
Elizabeth: ... 10
years ago.
Cameron: Oh,
yeah.
Elizabeth: And
she said, "Then there's another couple that's there for the same wedding
in the back of the store doing the same thing." And they're like,
"Don't tell anybody we were in here."
Cameron: We have
that all the time. I had one customer one time, where the old store, the layout
was not very private.
Lauren: That's
why we have all this in the back.
Cameron: Our
bridal layout is in the back of the store now. So, if you're actually are
coming into the shop and want to be discrete the odds are the person coming in
to pick up their watch repair is not going to see you around this corner,
unless we're cutting up and having a big time.
Cameron: A lot of
ladies want a little bit of extra something, usually, when they come in, than
just a solitaire. But one thing that's nice about solitaires is you're able to
... Say, for instance, we get a lot of guys and ladies who are in med school. Their
future is bright, but they're not making a whole lot of money right now. So
they're wanting to get engaged, things like that, and so the way they're able
to maximize the look of their ring is to say, "I'm choosing a solitaire
right now, get the biggest, nicest diamond I can in my price range," and
then coming back in a few years, letting her pick out a setting maybe for an
anniversary or something like that and upgrading to maybe a little fancier
setting or doing the nice big diamond band or something to kind of dress it up
a little bit. So we have that too, so there's a little bit of that. But I would
say probably in general we sell more detailed, kind of ornate rings than we do
just straight solitaires. But again, we do sell a lot of straight solitaires
too.
Jill: Yeah.
Well, and this is one thing I skipped over, but you see online people talking
about financing and stuff, is that something y'all have a partner for, or any
options?
Cameron: Yeah.
Yeah, we offer financing through a third party.
We're able to offer up to 12 months interest-free. Now, that's
interest-free as long as you make your payments on time, and as long as you pay
it off during the time frame that you establish. But it is interest-free, as
long as you follow those parameters. And we also offer layaway as well. So if,
say, you've got an anniversary coming up in three months, but your wife's come
in, she's established a wish list here with us, which is a great idea, by the
way.
Elizabeth: It is.
Jill, you could do that before we leave.
Cameron: Yes.
Please do. And the guys love it too, it makes it so much easier for them when
they come in here. Because once you get past the basics, guys are kind of lost
in here anyway. They're like, "I don't know what fashion pieces ..."
Elizabeth: Well,
it's all gorgeous, I mean, how would you pick?
Cameron: Well,
thank you. It is difficult. There's a lot of pieces here, so it's really,
really hard. But that's what I would say.
Elizabeth: So
there are options for people.
Speaker 1: There
are options, yes. And again, the layaway. Layaway is what I was getting at
there. If you have a few months that you, maybe the occasion is three months
out. Come in and pick out the piece, make a payment every month and knock it
out over three months, rather than having to pay all at one time when you come
in to pick it up that month. Sometimes it's a little bit easier for people to
kind of step into those pieces rather than just pouring all their savings into
the piece and not having a whole lot of emergency fund left.
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