The high level of security required by the wealthy lifestyle ensures that those who adopt it can still enjoy their freedom and privileges without worry or threat of harm, especially when purchasing jewelry. One innovative enterprise aims to elevate the delivery of service in the industry by creating a physical market for high-end luxury goods where the affluent clientele can transact business in private, away from the eyes and pressure of other people.
CoJewlrs is a private boutique collection that features some of the world’s finest timepieces, estate jewelry, diamonds, designer handbags, fine eyewear, and art. It aims to provide its clientele with a location where they can purchase, sell, trade, consign, and service their valuables. In the jewelry industry, the idea for the space is the very first of its kind, known for being refined, glamorous, and chic—just what “Billionaires Row” in Sunny Isles Beach, Florida, was missing: a shopping experience for the wealthy oceanfront residence of Porsche Tower, Armani casa, Aqualina estates, Ritz Carlton, and soon-to-come St.Regis and Bentley Residence.
Stac Yagu, CoJewlrs founder, saw the need to combine the advantages of owning a private store and shared spaces. This deep sense of innovation to meet the unique needs of the wealthy is what inspired him to launch CoJewlrs. The entrepreneur has been around the jewelry industry for over 20 years and has established a reputable name amongst his colleagues and friends in various businesses. His unique experience of seeing close friends own private stores and participating in jewelry exchanges throughout NYC and South Florida has developed his innovative idea into what it is today.
Stac wanted to distinguish his business venture from others in the industry by making it the very first to have a reseller create a boutique within a shared space. This simple insight is what provided his customers with a unique shopping experience. CoJewlrs has not only invented something noteworthy and promising but has also begun a project that has the possibility to expand in the future, truly a definition of his sustainable success.
Furthermore, this concept creates mutual benefits for vendors and clients, where the vendor is considered a member of a community of like-minded individuals with various valued goods that open B2B opportunities, while clients can select proprietors they want to work with based on their established relationships. Stac shared his business philosophy in an interview, saying, “Everyone has options, and that is the best way to do good business.”
This strong sense of collaboration is another characteristic that sets CoJewlrs apart from the competition. Instead of merely outperforming other competitors, Stac wanted to rise together so that both consumers and providers could mutually benefit from their innovation.
Aside from private boutique-style storefronts for resellers of all material goods, guests can freely buy, sell, and trade with various vendors in private without the pressure and guilt commonly felt in a jewelry exchange setting that offers almost no privacy to its vendors or guests. Additionally, as part of its exceptional customer service, CoJewlrs also includes a free full bar and lounge area for vendors and guests to enjoy.
In the next coming years, CoJewlrs hopes to become a household name for the affluent community as it expands its market under the leadership and direction of Stac Yagu.