Jewelry Buyer

Hamilton Jewelers; Princeton (NJ); On-site; USD 70,000 - 100,000; Full time

Job summary

Hamilton Jewelers in Princeton, NJ seeks an experienced merchandising professional to lead planning, purchasing, and development of jewelry categories. You will manage special orders, vendor relations, and inventory programs while coordinating with stores on visual presentation and marketing support.

Responsibilities include open-to-buy planning, market research at trade shows, and monthly purchase projections. Requires 1–3 years in fine jewelry merchandising and GIA/AGS education.

Qualifications

• 1-3 years merchandising, buying or branding experience in fine jewelry and watches.
• Experience in high-end jewelry or luxury environments.
• Education from the Gemological Institute of America (GIA) or other related degrees (e.g. AGS).
• Knowledge of inventory management metrics including sales plans and goals, GMROI, turn, and gross margin %.

Responsibilities

• Place and follow up on special orders with suppliers.
• Enter purchase orders on ASC system with proper descriptions and costs and images.
• Monitor AUPO programs monthly.
• Review of all open orders.
• Price changes for assigned areas of responsibility.
• Update website products and content.
• Organize image bank for usable content.
• Transfer recommendations for your areas of responsibility.
• Carry out all of the duties related to planning, purchasing, and developing merchandising strategies for assigned categories.
• Plan open to buys and budgets, for approval by supervisor.
• Work with supervisor to develop strategic and creative direction for assigned merchandise categories.
• Work with stores to ensure proper visual presentation of merchandise (store visit: merchandise in your areas of responsibility, displays, possible transfers, meet with managers, Go through understock trays, items to RTV).
• Work on sales floor regularly to keep in contact with staff and clients.
• Plan merchandise assortments for marketing – catalogue, print, and other media. Be sure we are advertising what is in stock, provide input to marketing to drive business by advertising areas where sales need help.
• Meet monthly with reporting to review purchase projections.
• Travel to domestic trade shows as required, research and develop new products and lines which are in line with the company's merchandising strategy.
• Negotiate terms, delivery and cooperative advertising allowances.
• Develop and monitor core inventory programs for assigned departments.
• Provide analysis of vendor performance.
• Develop and financially validate assortments and buying plans for assigned departments.
• Analysis of Sales/ROI/GM/Turnover data: ABC by department/vendor at least quarterly for your areas of responsibility to review top performing vendors, ABC by vendor/item at least quarterly to review top items.
• Monthly review of product for transfer/RTV’s/closeouts.
• Train staff on product, trends, what’s new.
• Visit stores to review merchandise presentation and staff knowledge.
• Constant and clear internal and external communication.

Skills

Merchandising experience

Luxury/jewelry environment

Inventory management metrics

Vendor relationship building

Creative problem solving

Travel willingness

Microsoft Office

Education

GIA/AGS education

Job description

Responsibilities

• Place and follow up on special orders with suppliers.
• Enter purchase orders on ASC system with proper descriptions and costs and images.
• Monitor AUPO programs monthly.
• Review of all open orders.
• Price changes for assigned areas of responsibility.
• Update website products and content.
• Organize image bank for usable content.
• Transfer recommendations for your areas of responsibility.
• Carry out all of the duties related to planning, purchasing, and developing merchandising strategies for assigned categories.
• Plan open to buys and budgets, for approval by supervisor.
• Work with supervisor to develop strategic and creative direction for assigned merchandise categories.
• Work with stores to ensure proper visual presentation of merchandise (store visit: merchandise in your areas of responsibility, displays, possible transfers, meet with managers, Go through understock trays, items to RTV).
• Work on sales floor regularly to keep in contact with staff and clients.
• Plan merchandise assortments for marketing – catalogue, print, and other media. Be sure we are advertising what is in stock, provide input to marketing to drive business by advertising areas where sales need help.
• Meet monthly with reporting to review purchase projections.
• Travel to domestic trade shows as required, research and develop new products and lines which are in line with the company's merchandising strategy.
• Negotiate terms, delivery and cooperative advertising allowances.
• Develop and monitor core inventory programs for assigned departments.
• Provide analysis of vendor performance.
• Develop and financially validate assortments and buying plans for assigned departments.
• Analysis of Sales/ROI/GM/Turnover data: ABC by department/vendor at least quarterly for your areas of responsibility to review top performing vendors, ABC by vendor/item at least quarterly to review top items.
• Monthly review of product for transfer/RTV’s/closeouts.
• Train staff on product, trends, what’s new.
• Visit stores to review merchandise presentation and staff knowledge.
• Constant and clear internal and external communication.

Qualifications

• 1-3 years merchandising, buying or branding experience in fine jewelry and watches.
• Experience in high-end jewelry or luxury environments.
• Education from the Gemological Institute of America (GIA) or other related degrees (e.g. AGS).
• Knowledge of inventory management metrics including sales plans and goals, GMROI, turn, and gross margin %.

Required Skills

• Proven and demonstrable track record or effective inventory management, vendor relationship building, and teamwork.
• Creative problem solving ability.
• Ability and willingness to travel for store visits, domestic trade shows, meetings, etc.
• Flexibility in schedule.
• Proficient in Microsoft Products.
• Experience in high-end jewelry or luxury environments.
• Education from the Gemological Institute of America (GIA) or other related degrees (e.g. AGS).

Physical activity not limited to: reading, writing, walking, walking up and down stairs, standing, sitting, kneeling, lifting up to 25lbs.