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8787 North Scottsdale Road Suite 116
Scottsdale, AZ, 85253
United States

480-607-4444

Elegant shop offering house-designed, one-of-a-kind gemstone and diamond jewelry, plus timepieces.

Thoughts from the Desk of Oliver Smith May 2019

Blog

Oliver's watch and jewlery blog with the latest news and thoughts on the happenings in the industry, new products and more. 

Thoughts from the Desk of Oliver Smith May 2019

Nikki Ollive

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This is my 38th year in business. When I first started I worked out of a backpack. That was my office or store front. In 1985 I opened my store in Scottsdale.  550 square feet, and plenty of room! Ha! My clients came from word of mouth, we were all moving to Scottsdale.  

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Driving home this week I saw a car on the side of the road with a flat tire. Someone was helping. It reminded me of a simple lesson I learned years ago. The tiniest act of civility can go a long way in your success. Our Mayor at the time was Herb Drinkwater. Herb was famous for his quick smile and his listening skills. During his term he would always stop and help people who were broken down on the side of the road. Never telling them who he was, just trying to help a fellow citizen. When they found out he was the Mayor, they probably told 20 of their friends. He just kept getting reelected. This act of charity exemplified his character. This is the character of a WORLD CLASS mayor! Small acts of kindness go a long way.  

Great ski season in the Rockies this year.  I got 19 days in, a personal best. Only one serious faceplant.

Business has been steady. Two things are exploding, estate jewelry and estate watches.  People want to trade in for new. Why not? They have been doing that in the automobile business forever. If you would like me to look at your jewelry and give you a quote, call us at 480-607-4444 and ask for Jodie to get on my schedule. Or for watches, ask for George Reid. Or just bring your pieces and stop by during business hours.  


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Home inventory is down. Nobody would have predicted that two years ago. Everyone said we would be going into a recession right now. Check out the new Shea Homes community at the Ritz Carlton site near Lincoln and Scottsdale road.  


My shopping center is for sale.  It is owned by a R.E.I.T. in Iowa. We need a local landlord that understands this market. Know someone? 

Corinne rescued a dog last year. She's a hound, with a copper circle on her side that looks like a Penny. She's not taking over Stephanie's job but she has been a great social media model for us! When she grows out of her teenage years I'm hoping she becomes the shop dog.

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Two first time teams in the final four. Basketball has gotten so big these guys know that it is a way to go from no money to a lot of money fast, it's a great job!  (Only if you are 6' 7'' at least). In the Pac-12, shout out to Tripp's team, the Oregon Ducks, mopping up the Pac-12 Championship and making it to the 3rd round of March Madness! Sun Devils played well too and would have won the Pac-12 but missed a shot at the buzzer. Two of my favorite teams playing well. 

Panerai announced a new submersible series.Check out our in stock pieces here! The Aspen boutique has been open for exactly one year.  Happy to be partnered with a brand that is doing so well. Design, pricing, craftsmanship, professionalism, and the new management team is fantastic. 

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If you are looking for a boutique only Panerai email Elizabeth@oliversmithjeweler.com

Surprise of the season: A. Lange sales.  People are starting to realize that A. Lange & Söhne makes an incredible timepiece. The clean lines and classic design will remain current for generations to come. 

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Spring training was great this year although a week earlier. Not my favorite move, does the regular season really have to be soooo long? 

Diamond prices are holding steady. Still down from 2012, but slowly creeping back up. Gold is still high at $1300/ounce, and platinum is historically cheap at $900/ounce.  


Have a great weekend everyone!

Oliver