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Are Diamonds a Better Investment Than Real Estate?
Manage episode 413277241 series 3498475
Content provided by Rob Nixon & Dominick Ciccarelli, Rob Nixon, and Dominick Ciccarelli. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Rob Nixon & Dominick Ciccarelli, Rob Nixon, and Dominick Ciccarelli or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Summary
In this conversation, Cory Schifter, Dominick Ciccarelli, and Rob Nixon discuss the jewelry business, specifically the value of investment in jewelry and diamonds vs real estate along with the transition from traditional brick-and-mortar stores to a more experiential business model. They also explore the differences between natural diamonds and lab-grown diamonds. The conversation also delves into the changing trends in the wedding industry, with smaller and more intimate weddings becoming more popular. The conversation concludes with a discussion on the shift to a boutique-style retail model and the benefits it brings.
Takeaways
- Owning the property where a jewelry business is located can provide stability and control over costs, especially in prominent locations.
- Lab-grown diamonds have gained popularity as an alternative to natural diamonds, offering similar quality at a lower price point.
- The value of diamonds, whether natural or lab-grown, is uncertain in the future, making it important for customers and investors to consider their budgets and preferences.
Chapters
00:00 Introduction and Background
07:54 Transition to a Store with No Merchandise
23:18 The Benefits of Owning the Property
29:55 The Importance of Employee Loyalty
Episode Resources:
👉 Blueprintforclosers.com
👉 Blog
👉 Apple Podcast
👉 Spotify
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linktr.ee/blueprintforclosers
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