Last updateTue, 02 Jun 2020 11pm

Howard Kelrick

24 Karat Corner: Graduates, please apply here!

It’s June and graduates of all types are asking themselves: “What am I going to do with my life?” A wise friend of mine offered them this sage advice: “Choose a field that neither the Chinese nor the internet can put you out of business. This leaves either running a day-care center or giving hair cuts!”

24 Karat Corner: 2017 Jeweler of the Year Preview

During the recent election cycle, Jerry Seinfeld quipped that, “If you think that you are qualified to be President of the United States, that, in itself, should automatically disqualify you for even being considered! How could one person reasonably think they can be Commander-in-Chief, manage the world’s biggest economy, deal with the middle east and all the other unsolvable problems of the job, all while half the country hates you and hopes that you are going to fail?”

24 Karat Corner: The Passover message for jewelers

Depending on who is doing the counting, it looks like about 2,000 independent retail jewelry stores closed up shop in 2016. That’s about 10% of the total nationwide, and that is just astonishing. Many of these stores were third generation businesses and long established pillars of their communities.

The unfortunate thing for the owners is that they had to close their stores, rather than being able to sell them or transfer them to the next generation or the current staff. This means that instead of getting a multiple of the store’s earnings and full value for the inventory, the owner’s had to settle for some fraction of the value of the store’s remaining stock.

24 Karat Corner: Who cares about overhead?

Recently I visited a mall far, far away. I was desperately searching for the food court in a mall that had clearly seen better days. Many of the store fronts were empty, and the retailers that were open were down-market and tired looking. As I turned the corner, I saw a small jewelry store. “Bonus!” I thought, someone to point me in the right direction and maybe even have lunch with.

24 Karat Corner: Are you irreplaceable

I don’t often eat fast food, but when I do, I prefer McDonald’s. So, after a couple of hours on I-95, when I saw a sign for a MickieD’s at the next exit, I figured, why not? It must have been a long time since I’ve eaten under the golden arches, because I barely recognized the place. Yes, the usual signs were there for the order-by-number selections, but behind the counter, there were no order-takers/cashiers! Just a row of computer terminals for you to enter your order and pay!

24 Karat Corner: Babies and Cash

It’s been said that two of the most important things in the world come without instructions - babies and cash. First to babies...

My daughter was going to have a baby recently, and I was pressed into service (ok, I leapt at the opportunity) to take care of her two year old while she was in the hospital. When I got to New York, I was handed a small sheet of instructions that only included a few items such as bed time, nap time and snack time. It took me a minute to realize these were not suggestions for me, but for my granddaughter. This was not the complete set of instructions that would be useful to a grandfather taking care of his  baby granddaughter alone in New York City for the first time.