Bernie Robbins Jewelers, a beacon of elegance since its establishment in 1962, is undergoing a transformation as owners Harvey and Madalyn Rovinsky pass the torch to their devoted employees. The esteemed jewelry store, with a rich history spanning over six decades and currently boasting three locations in Somers Point, New Jersey, Villanova, and Newtown, is set to embrace a new chapter in its legacy.
Harvey Rovinsky, who joined Bernie and Lorraine Rosenberg in 1966, and his wife Madalyn have led the business with passion and dedication. As they approach the ages of 77 and 76, respectively, the couple has meticulously considered succession planning for the past two years. Despite exploring various options, finding a suitable successor proved elusive. Their daughter, a doctor of psychology, and son-in-law, a real estate investor, were not poised to take over the reins, and interested buyers did not align with their vision.
In a bold and strategic move, the Rovinskys have decided to entrust the future of Bernie Robbins Jewelers to the individuals who know the business inside out—their longstanding employees. With an average tenure of 20 to 30 years, these dedicated team members have played pivotal roles in the store’s daily operations, embodying its culture and understanding the intricate processes that define its success.
The “And A Half” collection, a testament to Stephanie Gottlieb’s creativity and the De Beers Institute of Diamonds’ expertise, is set to captivate enthusiasts and collectors alike. The Rovinskys recently concluded a 60% off sale, ensuring a debt-free transition as they aim to hand over the reins to their employees in the first quarter of 2024.
Harvey Rovinsky emphasizes that the transition will be seamless, assuring clients that nothing will change. While remaining actively involved as advisers, Harvey and Madalyn Rovinsky are committed to maintaining the essence and integrity of Bernie Robbins Jewelers.
Steven Jaffe, a longtime employee who has spent nearly 30 years at Bernie Robbins, expressed his excitement about the opportunity. Jaffe, responsible for diamond buying, will continue his role and take on additional responsibilities as a part owner. The ownership team, consisting of individuals with two decades of experience in daily operations, will retain their roles while benefiting from the guidance of the Rovinskys.
The decision to transition ownership to employees is not merely altruistic but a conscious and strategic choice, according to Harvey Rovinsky. As the process unfolds, the Rovinskys remain confident in the capabilities and commitment of their dedicated team, ensuring that Bernie Robbins Jewelers will continue to thrive as a testament to enduring relationships in the world of fine jewelry.
