WEBVTT - EYL #67 Bling Bling

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<v Speaker 1>An illegal alien from Guatemala charged with raping a child

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<v Speaker 1>in Massachusetts. An MS thirteen gang member from Al Salvador

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<v Speaker 1>accused of murdering a Texas man of Venezuelan charged with

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<v Speaker 1>filming and selling child pornography in Michigan. These are just

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<v Speaker 1>some of the heinous migrant criminals caught because of President

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<v Speaker 1>Donald J. Trump's leadership. I'm Christy nom the United States

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<v Speaker 1>Secretary of Homeland Security. Under President Trump, attempted illegal border

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<v Speaker 1>crossings are at the lowest levels ever recorded, and over

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<v Speaker 1>one hundred thousand illegal aliens have been arrested. If you

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<v Speaker 1>are here illegally, your next you will be fined nearly

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<v Speaker 1>one thousand dollars a day, imprisoned, and deported. You will

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<v Speaker 1>never return. But if you register using our CBP home

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<v Speaker 1>app and leave now, you could be allowed to return legally.

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<v Speaker 1>Do what's right. Leave now. Under President Trump, America's laws,

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<v Speaker 1>border and families will be protected.

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<v Speaker 2>Sponsored by the United States Department of Homeland Security.

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<v Speaker 3>All right, guys, welcome back, e y L.

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<v Speaker 4>We got a very special episode today Bling edition to

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<v Speaker 4>show jump right into this. So this is something that

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<v Speaker 4>is extremely exciting episode for us growing up hip hop.

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<v Speaker 4>You know, if you listen to the podcast, you know

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<v Speaker 4>that music played a major part in our development growing up.

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<v Speaker 4>It really it really shaped our lives. And if you

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<v Speaker 4>listen to rap music specifically, you know that jury is

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<v Speaker 4>a big part of rap music. Blame blame, Blame Blaine

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<v Speaker 4>and Dictionary.

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<v Speaker 2>That's a fact.

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<v Speaker 4>So you know a lot of times we aspire to

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<v Speaker 4>buy gold and buy diamonds and to buy chains, and

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<v Speaker 4>that's just part of the culture. There's nowhere around that.

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<v Speaker 3>That's it.

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<v Speaker 2>It is what it is.

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<v Speaker 4>But like all things in life, it's a business. The

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<v Speaker 4>jury business. It's a billion, probably trillion dollar industry, worldwide,

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<v Speaker 4>global business.

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<v Speaker 3>That's every continent.

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<v Speaker 2>Definitely.

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<v Speaker 3>It's crazy.

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<v Speaker 4>So my man, Dion Smith is a legend within his

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<v Speaker 4>own right because if you if you're from New York City,

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<v Speaker 4>or if you haven't been in New York City, you've

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<v Speaker 4>heard of the Diamond District. The Diamond District is crazy.

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<v Speaker 4>It's like a two block radius in Midtown Manhattan, and

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<v Speaker 4>every thing on there is jury, like all of the

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<v Speaker 4>all of the big boys is there. That's where everybody

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<v Speaker 4>gets their change from. That's where Jacob the Jeweler shop.

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<v Speaker 4>I don't know if it's still there, but that's where

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<v Speaker 4>it was.

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<v Speaker 2>You can't miss it.

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<v Speaker 5>The light poles has two big diamonds, just in case

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<v Speaker 5>you forgot where you're at, Like and like you know, I.

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<v Speaker 4>Was telling me, like the brink trucks pull up like

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<v Speaker 4>three times a day and it's crazy, but it's it's

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<v Speaker 4>real non discreete though, like if you don't really know,

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<v Speaker 4>it's not as flashy as you would think it would be.

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<v Speaker 4>It's very non I mean, it's get robbed. You got

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<v Speaker 4>to kind of have it not strip welcome. It's a culture.

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<v Speaker 4>It's a culture within itself. It's but one thing. If

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<v Speaker 4>you go there, you know that the people that are

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<v Speaker 4>in control of it don't look like the people that's

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<v Speaker 4>buying it. For the most part now, they don't look

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<v Speaker 4>like us at all. But Dion is interesting because he

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<v Speaker 4>has a jury manufacturing business. He's the only black jury

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<v Speaker 4>manufacturing the diamonds in New York periods.

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<v Speaker 2>Correct.

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<v Speaker 4>So there's different levels of the jury game, Right, there's

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<v Speaker 4>the retailers who's actually selling you jury.

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<v Speaker 2>Well that's what we buy it from most of the time, right, But.

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<v Speaker 4>Then there's the manufacturers who's actually making jury. So he

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<v Speaker 4>has his own manufacturing company. He employs over twenty people,

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<v Speaker 4>growth revenue over five million dollars last year, a thriving business,

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<v Speaker 4>like I said, the only black company in the Diamond

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<v Speaker 4>district percent and it's his father is a part of

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<v Speaker 4>it as well as tell the backstory on that. So

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<v Speaker 4>it's a good story. So first and foremost, thank you

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<v Speaker 4>for joining us.

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<v Speaker 2>Appreciate it, thank you for welcome, welcome having it.

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<v Speaker 3>So and shout to my man Fernando, who.

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<v Speaker 2>Thank you.

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<v Speaker 4>Who referred this. All right, so can we talk. Let's

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<v Speaker 4>jump right into it. So you have a jury manufacturing company, right, correct,

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<v Speaker 4>But we gotta tell a backstory before we even go

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<v Speaker 4>into what jury manufacturing is.

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<v Speaker 6>My family is from Belize, so basically they migrated here

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<v Speaker 6>probably late seventies to your first generation, correct, first generation.

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<v Speaker 6>So yeah, my dad actually he looking for work. He

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<v Speaker 6>just ended up take he took a job in the

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<v Speaker 6>Diamond District basically, and his boss became his friend, became

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<v Speaker 6>his mentor.

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<v Speaker 2>And for me, again, I would after school.

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<v Speaker 6>I mean I technically grew up out there, so I

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<v Speaker 6>grew up in a factory. But it wasn't glamorous, you know,

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<v Speaker 6>it wasn't something you were proud of. At that time,

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<v Speaker 6>as from my perception as a child.

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<v Speaker 2>So what'd your dad do? Like what was his He was.

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<v Speaker 6>Cleaning jewelry like he was cleaning, like bench polishing is

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<v Speaker 6>what they call it. And but growing up in the Bronx,

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<v Speaker 6>it was it was such a contrast. I mean, this

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<v Speaker 6>is the eighties now, right, And I don't have to

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<v Speaker 6>tell you what.

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<v Speaker 2>The eighties were. I don't have to tell you crazy.

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<v Speaker 6>But that train ride and I couldn't. You couldn't pull

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<v Speaker 6>out a phone and hashtag and see what was going on.

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<v Speaker 6>I mean, I could tell you what's going on in

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<v Speaker 6>Nova Scotia right now. But back then, I mean, your

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<v Speaker 6>world consisted of as far as your eyes can see.

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<v Speaker 6>So I only knew that the radius of my neighborhood.

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<v Speaker 6>But that train ride to the Diamond District was fascinating

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<v Speaker 6>because it's the first place I saw wealth.

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<v Speaker 2>I saw I saw.

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<v Speaker 6>At that time. It was like limousines. I mean I

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<v Speaker 6>saw money being spent and intrigued me. And I saw

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<v Speaker 6>diamonds and I'm the kid, but but it was interesting.

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<v Speaker 6>But when I would go upstairs, it was it was

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<v Speaker 6>not glamorous at all. It was hard work. It was

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<v Speaker 6>you're working with metals, working with metals. It was everything

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<v Speaker 6>in there had the skeleton with the X on it.

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<v Speaker 6>Every material we need said cause cancer. I mean it

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<v Speaker 6>was it wasn't. It wasn't glamorous.

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<v Speaker 2>How old were you when you do this?

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<v Speaker 6>About maybe eleven when I started? When I started? So

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<v Speaker 6>how did that feel?

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<v Speaker 4>Where it's like you're seeing two sides of the coin, Right,

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<v Speaker 4>You're seeing your father who immigrated to this country, correct,

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<v Speaker 4>and he's working and I'm assuming he's not making a

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<v Speaker 4>lot of money. No, but you go downstairs and you're

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<v Speaker 4>seeing some of the wealthiest people in America.

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<v Speaker 2>Yeah, and like you have to understand.

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<v Speaker 6>And now, now if we've fast for a little bit

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<v Speaker 6>to like the nineties and now I'm a teenager, so

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<v Speaker 6>I'm I'm there, you know, after school summers. You know,

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<v Speaker 6>I've literally Jacob the Jeweler was he was starting out

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<v Speaker 6>right there. So I saw everyone like from Destiny Child

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<v Speaker 6>when you know I've seen I mean, there's nobody in

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<v Speaker 6>will Smith. I there's nobody I have not seen on

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<v Speaker 6>this little block. And as a teen I mean right

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<v Speaker 6>now it's.

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<v Speaker 2>Normal to me. I mean it's not a big deal.

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<v Speaker 6>But as a teenager, I was like you know, it

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<v Speaker 6>was fascinating friends about that, right, but again it was

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<v Speaker 6>I was seeing the factory work part of it.

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<v Speaker 4>What I'm saying like, did you ever see did you

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<v Speaker 4>ever think to yourself like this is crazy? Like it's

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<v Speaker 4>such a great contrast of like the haves and have not.

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<v Speaker 4>You're seeing it because a lot of times, one of

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<v Speaker 4>the good things I like about living in New York

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<v Speaker 4>is that you can you're you can expose yourself to anything.

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<v Speaker 3>Like the other thing.

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<v Speaker 4>I just randomly walked down Fifth Avenue, like the Upper

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<v Speaker 4>West Side, all the way down and it was just

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<v Speaker 4>amazing to meet. It's like, there's so many wealthy people

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<v Speaker 4>in New York.

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<v Speaker 6>City across the street from poverty exactly. It's like like

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<v Speaker 6>net worth of fifty million, seventy one hundred million. But

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<v Speaker 6>then it's like you could take a train and people

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<v Speaker 6>are in public housing.

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<v Speaker 4>Correct, But a lot of times people never you just

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<v Speaker 4>stay in your element, so you don't even realize that

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<v Speaker 4>there'd such a big difference. But we're seeing that as

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<v Speaker 4>a kid. Did that make you want to say, I

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<v Speaker 4>need to get on the other side.

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<v Speaker 2>Of the sad?

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<v Speaker 6>So what I learned was again growing up in the Bronx.

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<v Speaker 6>Your mind is again there's no way to see what's

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<v Speaker 6>going on outside. The nationalities were Black, Puerto Rican, Dominican.

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<v Speaker 6>That's it. That's all I grew up around. But the

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<v Speaker 6>train ride would expose me to different cultures, the Jewish culture,

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<v Speaker 6>the Indian culture, the Russian culture. And I was comfortable.

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<v Speaker 6>I mean I was I admired these other cultures because

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<v Speaker 6>at the time they were different. And you know, you

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<v Speaker 6>would that that perception is as a black person in

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<v Speaker 6>Julie industry, and you know, you'll never survive. That's a

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<v Speaker 6>false perception because as long as you're honest in that business,

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<v Speaker 6>I mean, you're going to thrive.

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<v Speaker 2>They're going to help you, it's going to work with you.

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<v Speaker 5>It sounds like your train ride is what people go

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<v Speaker 5>to college to get, right, People leave that bubble of

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<v Speaker 5>that to get out of your bubble, go to college

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<v Speaker 5>and get this experience of interacting with other cultures. Like

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<v Speaker 5>you literally got that from right on the train.

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<v Speaker 2>I got that. That's crazy.

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<v Speaker 6>I got that, you know, and being upstairs and and again,

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<v Speaker 6>you know, there's just this misconception that if the person

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<v Speaker 6>doesn't look like you, you can't do business with them,

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<v Speaker 6>or they don't want to do business with you, but

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<v Speaker 6>it's false. And in that industry, I mean I could

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<v Speaker 6>speak for that industry. I was embraced by by the

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<v Speaker 6>other ethnicities that were there that were in total contrast

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<v Speaker 6>to what I was at, you know, my neighborhood where

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<v Speaker 6>I was growing up. It was two different worlds. But

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<v Speaker 6>but yeah, I had I had the full support. I

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<v Speaker 6>had the full support.

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<v Speaker 2>You know.

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<v Speaker 6>By the time I was in my twenties, I was

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<v Speaker 6>trying to figure out, can I do this?

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<v Speaker 2>But I had to spend so much time there.

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<v Speaker 6>I realized that if I needed funding, I can get

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<v Speaker 6>that with a handshake. And I had already I knew

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<v Speaker 6>everybody because when I started out, I started out so young,

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<v Speaker 6>so started off from doing delivery, so you would, Yeah,

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<v Speaker 6>I was gonna ask you when you started working start working.

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<v Speaker 6>About eleven, I started going again with my dad. I

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<v Speaker 6>was going to work like eight, eight years old, my

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<v Speaker 6>early correct.

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<v Speaker 5>He's a real Islano, but a real But by.

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<v Speaker 6>The time I was eleven, I'm already making runs. So

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<v Speaker 6>I'm going like again, I'm not seeing only the glamor

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<v Speaker 6>that's downstairs on street level. I'm upstairs. I'm meeting people.

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<v Speaker 6>You know, so the deliveries helped me. Then, of course

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<v Speaker 6>I did the actual labor. I had to learn that

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<v Speaker 6>from how to make how to make it from you.

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<v Speaker 6>I did every step of that. I learned that, but

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<v Speaker 6>that could only get me so far. That could only

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<v Speaker 6>get me a job with someone.

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<v Speaker 2>You know.

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<v Speaker 6>I needed to think bigger. So I noticed we had

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<v Speaker 6>a problem. The phones kept bringing, so I started getting.

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<v Speaker 2>On the phones.

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<v Speaker 6>Once I got on the phones, I knew the customers.

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<v Speaker 6>I started having a relationship with the customers. Once you

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<v Speaker 6>have customers, now I'm in position to start a business.

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<v Speaker 6>But you have things like rent, you have things like khand,

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<v Speaker 6>you have employees that need to be paid. That's a

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<v Speaker 6>numbers game, and a lot of people do not know

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<v Speaker 6>their numbers. You could have a you could look good,

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<v Speaker 6>but you us know your numbing. Your numbers are changing

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<v Speaker 6>hourly when you're running a business. So I realized that, Okay,

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<v Speaker 6>I have the customers, I know the vendors that I

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<v Speaker 6>would need. The only thing was was backing. We need

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<v Speaker 6>we need capital, and I'm in my early twenties. I mean,

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<v Speaker 6>you're not getting again to borrow for the jewelry business.

0:11:22.160 --> 0:11:22.559
<v Speaker 2>That's all.

0:11:22.720 --> 0:11:24.720
<v Speaker 6>I mean, anybody will tell you banks are not lending

0:11:24.960 --> 0:11:27.560
<v Speaker 6>to the risk is just too high when you're dealing

0:11:27.600 --> 0:11:29.600
<v Speaker 6>with precious metals and things like that.

0:11:30.400 --> 0:11:31.960
<v Speaker 5>What are some of the risks that the banks are

0:11:31.960 --> 0:11:35.640
<v Speaker 5>looking at. Well, I mean it's money laundering, I mean

0:11:35.840 --> 0:11:36.240
<v Speaker 5>number one.

0:11:36.280 --> 0:11:40.800
<v Speaker 6>I mean the number one terrorism.

0:11:41.920 --> 0:11:42.520
<v Speaker 2>You're not getting.

0:11:42.600 --> 0:11:46.240
<v Speaker 6>But but if you are a trustworthy person and you

0:11:46.400 --> 0:11:48.880
<v Speaker 6>build your reputation, that's not going to happen overnight.

0:11:49.720 --> 0:11:50.319
<v Speaker 2>That's what I'm saying.

0:11:50.480 --> 0:11:52.280
<v Speaker 6>You can have all the money in the world, You're

0:11:52.280 --> 0:11:54.040
<v Speaker 6>not going to get up tomorrow morning and open a

0:11:54.120 --> 0:11:59.240
<v Speaker 6>jewelry manufacturing company. You're not because there's too many ways

0:11:59.280 --> 0:12:02.440
<v Speaker 6>to lose. I mean, the dirt on the floor is money. Okay,

0:12:02.520 --> 0:12:05.680
<v Speaker 6>so it's gold that needs to be refined. You lose

0:12:05.720 --> 0:12:09.400
<v Speaker 6>your shirt on the dust that's on the floor is gold.

0:12:10.200 --> 0:12:13.760
<v Speaker 6>People don't know that. So you would need to build

0:12:13.840 --> 0:12:19.200
<v Speaker 6>up your reputation before before embarking on that. And again,

0:12:19.960 --> 0:12:25.160
<v Speaker 6>once I realized that the peers in the industry would

0:12:25.160 --> 0:12:27.560
<v Speaker 6>trust me with capital, at that point, there was no

0:12:27.559 --> 0:12:28.000
<v Speaker 6>stopping me.

0:12:28.200 --> 0:12:28.959
<v Speaker 2>My decision was made.

0:12:29.080 --> 0:12:31.880
<v Speaker 3>That So all right, so your early twenty three, But

0:12:32.720 --> 0:12:32.959
<v Speaker 3>you know.

0:12:32.920 --> 0:12:35.240
<v Speaker 2>What I would say about like twenty five, I'm just like, Okay,

0:12:35.240 --> 0:12:36.440
<v Speaker 2>what am I? What am I going to do?

0:12:36.520 --> 0:12:38.600
<v Speaker 4>So at twenty five, you've been working in the industry

0:12:38.600 --> 0:12:42.280
<v Speaker 4>for fourteen years pretty much learning, learning every like.

0:12:42.320 --> 0:12:44.080
<v Speaker 6>I don't know I heard someone say this before, but

0:12:44.280 --> 0:12:47.839
<v Speaker 6>it's everyone's overnight. Success takes about fifteen twenty years. You

0:12:47.920 --> 0:12:50.319
<v Speaker 6>go to college, Yes I did. I went to BMCC.

0:12:50.600 --> 0:12:54.319
<v Speaker 4>Okay, So you at twenty five you decide, okay, I

0:12:54.400 --> 0:12:57.319
<v Speaker 4>need I need to actually have my own business, right, correct,

0:12:57.679 --> 0:13:01.280
<v Speaker 4>So you you can't get it a bit alan from

0:13:01.280 --> 0:13:01.640
<v Speaker 4>a bank.

0:13:02.400 --> 0:13:03.280
<v Speaker 3>That's not gonna happen.

0:13:03.679 --> 0:13:07.200
<v Speaker 4>So you have a mentor in the diamond district that

0:13:07.280 --> 0:13:07.760
<v Speaker 4>you said.

0:13:09.040 --> 0:13:13.120
<v Speaker 6>Basically, my father's boss turned into his friend and mentor

0:13:13.720 --> 0:13:16.800
<v Speaker 6>and turned into the same thing for me. So so

0:13:17.400 --> 0:13:20.679
<v Speaker 6>he taught he, along with my father, taught me the

0:13:21.440 --> 0:13:25.360
<v Speaker 6>craft of the business. So I knew how to how

0:13:25.360 --> 0:13:30.720
<v Speaker 6>to produce. I knew how to produce. But it came

0:13:30.760 --> 0:13:33.680
<v Speaker 6>to a point when he no longer wanted you know,

0:13:33.760 --> 0:13:36.520
<v Speaker 6>he retired and whatever the case may be, So that

0:13:36.520 --> 0:13:38.280
<v Speaker 6>I had to make a decision is am I going

0:13:38.360 --> 0:13:40.640
<v Speaker 6>to carry this on or I'm going to do something

0:13:40.679 --> 0:13:41.880
<v Speaker 6>else his business?

0:13:41.920 --> 0:13:42.840
<v Speaker 2>Correct? Okay? Correct?

0:13:42.840 --> 0:13:46.000
<v Speaker 6>Well, basically we branched out into two companies under the

0:13:46.000 --> 0:13:49.920
<v Speaker 6>same umbrella, under the same roof. The way that works

0:13:49.960 --> 0:13:52.760
<v Speaker 6>is there's a part of the jewelry industry that's called casting.

0:13:53.200 --> 0:13:56.920
<v Speaker 6>That's the lost wax process. That's where you see the

0:13:57.000 --> 0:13:59.560
<v Speaker 6>pouring metals and stuff like that. Then there's a part

0:13:59.600 --> 0:14:03.720
<v Speaker 6>called fishing. So we opened up a finishing company basically

0:14:03.720 --> 0:14:08.000
<v Speaker 6>a room inside his inside of his his his place,

0:14:08.400 --> 0:14:11.320
<v Speaker 6>where we would just finish what he cast it. Okay,

0:14:11.440 --> 0:14:13.720
<v Speaker 6>working hand in hand, working hand in hand, gone but

0:14:13.760 --> 0:14:16.000
<v Speaker 6>by it. But by the time you know, he he

0:14:16.080 --> 0:14:19.200
<v Speaker 6>came with agents, as you know, he was done. Now

0:14:19.200 --> 0:14:22.920
<v Speaker 6>I had the company, but having the space, having the equipment,

0:14:23.040 --> 0:14:28.520
<v Speaker 6>having even having the customers, you still need financing for

0:14:28.840 --> 0:14:31.360
<v Speaker 6>a business. For a jewelry business, I mean, I mean

0:14:31.400 --> 0:14:35.240
<v Speaker 6>you it's high end products. You need funding. But once

0:14:35.280 --> 0:14:37.840
<v Speaker 6>I was able to get again in that business, you're

0:14:37.880 --> 0:14:42.560
<v Speaker 6>able to get loans on a handshake. They're very old fashioned.

0:14:42.560 --> 0:14:45.400
<v Speaker 6>Whereas they look you in your eye, they feel you.

0:14:45.440 --> 0:14:48.080
<v Speaker 6>And once I was able to get funding, I was

0:14:48.080 --> 0:14:50.720
<v Speaker 6>probably like twenty five and one of the wealthiest people

0:14:50.880 --> 0:14:54.600
<v Speaker 6>out there was able basically had my back. So that

0:14:54.680 --> 0:14:57.640
<v Speaker 6>gave me the motivation and at that point there was

0:14:57.640 --> 0:14:58.320
<v Speaker 6>no turning back.

0:14:58.440 --> 0:15:02.000
<v Speaker 4>So you were originally you were under your mentor's umbrella.

0:15:02.080 --> 0:15:03.640
<v Speaker 4>Correct when did you break out.

0:15:03.480 --> 0:15:07.800
<v Speaker 2>Of at nineties? Probably ninety.

0:15:08.040 --> 0:15:11.640
<v Speaker 6>Actually my father named the company AJC because at that

0:15:11.760 --> 0:15:14.800
<v Speaker 6>time it was the phone book, so anything with an

0:15:14.880 --> 0:15:16.680
<v Speaker 6>A he wanted to be on the top or whatever

0:15:16.760 --> 0:15:18.920
<v Speaker 6>this may be. So I'll always keep that name. So

0:15:18.960 --> 0:15:21.520
<v Speaker 6>that's not synonymous for anyone's name. No, it just stands

0:15:21.560 --> 0:15:24.400
<v Speaker 6>for all jewelry contracts. And I explained, well, i'll explain

0:15:24.440 --> 0:15:29.480
<v Speaker 6>it why it's a contracting company. But but yeah, so

0:15:30.480 --> 0:15:35.200
<v Speaker 6>I took over maybe late nineties, two thousands around that time,

0:15:35.400 --> 0:15:37.680
<v Speaker 6>very young, but again at that point, I've already had

0:15:37.680 --> 0:15:39.880
<v Speaker 6>so much experience, and I just knew everybody.

0:15:40.280 --> 0:15:41.600
<v Speaker 2>I knew everybody at this point.

0:15:42.320 --> 0:15:44.720
<v Speaker 5>And at that time in the nineties, what ethnicity is

0:15:45.040 --> 0:15:46.360
<v Speaker 5>in control of the Diamond district.

0:15:46.560 --> 0:15:48.240
<v Speaker 2>We're talking Russian, Jewish.

0:15:47.960 --> 0:15:54.040
<v Speaker 6>All three the Jewish, the allies that I had, Uh,

0:15:55.280 --> 0:15:59.200
<v Speaker 6>we're Jewish people, which which they're awesome. And then again,

0:15:59.400 --> 0:16:02.360
<v Speaker 6>but those are the three nationalities that I dealt with,

0:16:02.400 --> 0:16:04.840
<v Speaker 6>But they were vast contrasts for what I was going

0:16:04.880 --> 0:16:07.720
<v Speaker 6>home to in the Bronx at that time. I'm not

0:16:07.760 --> 0:16:11.280
<v Speaker 6>talking about the Bronx today, I'm talking about the Bronx eighties, nineties.

0:16:11.920 --> 0:16:14.480
<v Speaker 6>You know, they weren't really role models out there. I mean,

0:16:14.600 --> 0:16:17.440
<v Speaker 6>you know, but I was able to have role models.

0:16:18.320 --> 0:16:21.800
<v Speaker 6>And I used to seeing people that were successful, so

0:16:21.920 --> 0:16:24.160
<v Speaker 6>I you know, I had things to aspire to. Whereas

0:16:24.160 --> 0:16:25.600
<v Speaker 6>I would go home and it was like the people

0:16:25.600 --> 0:16:27.560
<v Speaker 6>that aspired to I mean, we could go down that road.

0:16:28.120 --> 0:16:30.000
<v Speaker 2>The people that aspired to you. You know, they were

0:16:30.040 --> 0:16:32.000
<v Speaker 2>in the product that you.

0:16:31.640 --> 0:16:36.120
<v Speaker 6>Correct, correct, correct, And I always say, you need again,

0:16:36.640 --> 0:16:39.920
<v Speaker 6>I feel like you need to. Once I could see it,

0:16:40.160 --> 0:16:42.640
<v Speaker 6>I knew, I knew I could, I could have achieved it.

0:16:42.680 --> 0:16:43.920
<v Speaker 6>I mean I knew I could do it. So what

0:16:44.040 --> 0:16:44.720
<v Speaker 6>were the steps?

0:16:44.840 --> 0:16:45.160
<v Speaker 2>All right?

0:16:45.200 --> 0:16:46.760
<v Speaker 3>So you got a loan alone?

0:16:46.920 --> 0:16:50.040
<v Speaker 6>Or so what happens is I had to I had

0:16:50.080 --> 0:16:53.440
<v Speaker 6>the customers at this point, okay, but and I knew

0:16:53.440 --> 0:16:54.480
<v Speaker 6>how to do the craft.

0:16:55.080 --> 0:16:56.280
<v Speaker 2>But I'm still one person.

0:16:56.440 --> 0:17:00.520
<v Speaker 6>So I knew I needed I needed staff and and

0:17:00.560 --> 0:17:03.560
<v Speaker 6>so now I had the customers, I knew the vendors

0:17:04.080 --> 0:17:05.000
<v Speaker 6>to get material.

0:17:06.040 --> 0:17:08.240
<v Speaker 2>And at that point I didn't have didn't have any

0:17:08.760 --> 0:17:09.399
<v Speaker 2>real money.

0:17:09.400 --> 0:17:12.360
<v Speaker 6>But what is money? I mean, once I had, once

0:17:12.400 --> 0:17:15.240
<v Speaker 6>I had the allies. Once I had the vendors and

0:17:15.280 --> 0:17:18.200
<v Speaker 6>they would extend me credit. All I had to do

0:17:19.440 --> 0:17:22.040
<v Speaker 6>was work at this point, you know, you know, promote.

0:17:22.600 --> 0:17:24.840
<v Speaker 6>Back then, it was harder to promote, of course, but

0:17:24.880 --> 0:17:27.520
<v Speaker 6>it was word of mouth and things of that nature.

0:17:28.000 --> 0:17:30.960
<v Speaker 6>But that's pretty much that's what it was. That's why

0:17:30.960 --> 0:17:33.240
<v Speaker 6>I made the decision to move forward. And again I

0:17:33.240 --> 0:17:34.960
<v Speaker 6>grew up in it, so I love it. Like I

0:17:35.000 --> 0:17:38.400
<v Speaker 6>always say, manufacturing to me is the process of creating

0:17:38.440 --> 0:17:39.680
<v Speaker 6>something from nothing.

0:17:39.720 --> 0:17:41.240
<v Speaker 3>So where'd you When did you open a spot that

0:17:41.280 --> 0:17:41.800
<v Speaker 3>you're in now?

0:17:43.080 --> 0:17:46.600
<v Speaker 6>This spot we just we we moved to this location

0:17:47.000 --> 0:17:52.040
<v Speaker 6>about two years ago, and then we were in another location.

0:17:52.240 --> 0:17:55.160
<v Speaker 6>I had branched out and I opened on thirtieth Street.

0:17:55.320 --> 0:18:00.000
<v Speaker 6>We were there for like twenty years. But I decided

0:18:00.240 --> 0:18:02.760
<v Speaker 6>to move back to the Diamond Diustry just for proximity

0:18:02.800 --> 0:18:06.360
<v Speaker 6>purposes of you know, getting my materials and just there's

0:18:06.400 --> 0:18:06.880
<v Speaker 6>just a flow.

0:18:07.040 --> 0:18:10.600
<v Speaker 2>There's more workers out out there, and so.

0:18:11.440 --> 0:18:14.719
<v Speaker 4>All right, So when you started out, what was the steps?

0:18:14.760 --> 0:18:16.400
<v Speaker 4>What was the first step that you had to take?

0:18:16.880 --> 0:18:20.920
<v Speaker 4>You got the backing financially correct, but outside of that,

0:18:21.240 --> 0:18:23.000
<v Speaker 4>like what did you do to actually get up and

0:18:23.040 --> 0:18:24.320
<v Speaker 4>running with your own shot?

0:18:24.560 --> 0:18:29.080
<v Speaker 6>So basically again now it was customer pleasing, it's customer pleasing,

0:18:30.280 --> 0:18:34.800
<v Speaker 6>it's it's being competitive with pricing and basically letting people

0:18:34.960 --> 0:18:36.760
<v Speaker 6>as of right now is just letting people know that

0:18:36.800 --> 0:18:42.560
<v Speaker 6>I'm there, because like factories, they don't really promote because

0:18:43.680 --> 0:18:46.919
<v Speaker 6>they don't really have to. Like the jeweler or the designer,

0:18:48.280 --> 0:18:52.480
<v Speaker 6>they promote themselves and they once they generate business, they

0:18:52.520 --> 0:18:55.560
<v Speaker 6>generate business and send it back to the factories. So

0:18:55.720 --> 0:18:58.040
<v Speaker 6>most of my competition they were kind of like lazy.

0:18:58.119 --> 0:19:00.320
<v Speaker 6>They just sat back and waited for it for it

0:19:00.359 --> 0:19:05.000
<v Speaker 6>to come. But as time goes on again, you'll never

0:19:05.040 --> 0:19:07.760
<v Speaker 6>see most of these factories. They don't have a social media.

0:19:07.800 --> 0:19:12.200
<v Speaker 6>They're not going and for good reason, because I always

0:19:12.200 --> 0:19:15.600
<v Speaker 6>make this analogy like if you get your car washed

0:19:15.760 --> 0:19:18.600
<v Speaker 6>and they do a good job, you scream at the

0:19:18.600 --> 0:19:19.320
<v Speaker 6>top of your lungs.

0:19:19.320 --> 0:19:21.080
<v Speaker 2>Go over there, they do great job.

0:19:21.800 --> 0:19:23.720
<v Speaker 6>If I do a good job for you, I become

0:19:23.760 --> 0:19:26.760
<v Speaker 6>your best kept secret because you don't want your say,

0:19:26.800 --> 0:19:28.600
<v Speaker 6>if you are a jewelry designer, you don't want your

0:19:28.640 --> 0:19:34.040
<v Speaker 6>competitors to know where you manufacture, right because if you're

0:19:34.080 --> 0:19:39.600
<v Speaker 6>a jewelry designer, your foundation is your manufacturer. So I

0:19:39.720 --> 0:19:41.400
<v Speaker 6>do a good job for you, but you will never,

0:19:41.680 --> 0:19:45.080
<v Speaker 6>never promote because that keeps it custom correct. And then

0:19:46.119 --> 0:19:48.160
<v Speaker 6>so how do you promote? This is a very hard

0:19:48.160 --> 0:19:50.000
<v Speaker 6>business to promote because how do you promote it? I

0:19:50.119 --> 0:19:52.720
<v Speaker 6>make jewelry. Show me your jewelry, show me your quality.

0:19:52.760 --> 0:19:54.640
<v Speaker 6>I can't show it to you, So you can't because

0:19:54.640 --> 0:19:58.479
<v Speaker 6>it's not my design. Okay, you can't like intellectual property,

0:19:58.520 --> 0:20:01.720
<v Speaker 6>it's that person's design, right, So I'll mass produce it.

0:20:02.520 --> 0:20:06.160
<v Speaker 6>But yeah, so that's pretty much it. Now I can't

0:20:06.160 --> 0:20:09.520
<v Speaker 6>come out with my own line because now I'm in

0:20:09.560 --> 0:20:13.480
<v Speaker 6>direct competition with my customer, So I can't have a

0:20:13.600 --> 0:20:17.119
<v Speaker 6>jewelry line. You know, It's just it's a conflict of interest.

0:20:17.160 --> 0:20:19.680
<v Speaker 6>And you can't even tell people who your customers are.

0:20:19.720 --> 0:20:21.800
<v Speaker 6>I can't even tell you who my cousin, So how

0:20:21.800 --> 0:20:23.920
<v Speaker 6>do you promote? I can't tell you who I work

0:20:24.000 --> 0:20:26.800
<v Speaker 6>for most of most people, like the high end and

0:20:26.840 --> 0:20:29.399
<v Speaker 6>the bigger brands that I do mass production for, I

0:20:29.480 --> 0:20:32.119
<v Speaker 6>have to sign an NDA, you know. I have to

0:20:32.160 --> 0:20:37.480
<v Speaker 6>sign because I'm their best kept secret. Basically, another analogy

0:20:37.520 --> 0:20:39.679
<v Speaker 6>I like to make. If you go to a car dealership,

0:20:39.960 --> 0:20:41.920
<v Speaker 6>the person that sold you the car did not make

0:20:41.960 --> 0:20:45.760
<v Speaker 6>the car. You know, so factories are not really promoted.

0:20:46.760 --> 0:20:48.680
<v Speaker 6>How do you promote it? So what I started doing

0:20:48.720 --> 0:20:50.800
<v Speaker 6>because I realized that I had to get visible in

0:20:50.880 --> 0:20:53.600
<v Speaker 6>this new time. Every business, I believe right now, it

0:20:53.600 --> 0:20:55.719
<v Speaker 6>has to exist somewhere online.

0:20:55.920 --> 0:20:56.399
<v Speaker 2>You have to.

0:20:56.480 --> 0:20:58.400
<v Speaker 6>But everyone was like, what are you going to promote?

0:20:58.560 --> 0:21:01.600
<v Speaker 6>You have to stay quiet. You can't you know, any

0:21:01.640 --> 0:21:04.960
<v Speaker 6>customer I mentioned their name, I lose them. So how

0:21:04.960 --> 0:21:08.320
<v Speaker 6>do you promote it? So whatever I got creative. I

0:21:08.359 --> 0:21:12.280
<v Speaker 6>was like, look, I'm going to promote the service that

0:21:12.320 --> 0:21:15.320
<v Speaker 6>I that I offer. It's a service and you know

0:21:15.440 --> 0:21:18.800
<v Speaker 6>it's a service. And I started promoting the process and

0:21:18.960 --> 0:21:20.560
<v Speaker 6>some of the stuff I would I would post on

0:21:20.600 --> 0:21:23.320
<v Speaker 6>social media. They're like, what does that have to do

0:21:23.359 --> 0:21:27.280
<v Speaker 6>with jewelry? But it was enlightening. People got interested in it,

0:21:27.480 --> 0:21:29.520
<v Speaker 6>wanted to know, you know, who was making this stuff

0:21:29.520 --> 0:21:32.920
<v Speaker 6>and things like that, and a lot of designers started saying, hey,

0:21:32.920 --> 0:21:35.000
<v Speaker 6>you could go ahead and post my stuff some of them,

0:21:35.560 --> 0:21:37.360
<v Speaker 6>you know, but without their permission.

0:21:37.359 --> 0:21:39.520
<v Speaker 2>I would never never What are some of the services

0:21:39.520 --> 0:21:40.760
<v Speaker 2>are we talking? Like the molding?

0:21:40.960 --> 0:21:44.439
<v Speaker 6>And so basically, if you my company is like B

0:21:44.560 --> 0:21:48.480
<v Speaker 6>to B, so it's business to business basically you had

0:21:48.480 --> 0:21:52.359
<v Speaker 6>an idea, you would submit like a drawing to me, said, listen,

0:21:52.960 --> 0:21:56.280
<v Speaker 6>I'm going to go into jewelry design space. I want

0:21:56.280 --> 0:21:59.879
<v Speaker 6>to manufacture these pendants, these rings, these you know what.

0:22:00.520 --> 0:22:03.320
<v Speaker 6>Right you would give me a drawing, we would do

0:22:03.400 --> 0:22:06.280
<v Speaker 6>cat design. I'd give you a wax model. That wax

0:22:06.320 --> 0:22:08.320
<v Speaker 6>model is something in your hand. It's off, it's out

0:22:08.320 --> 0:22:10.920
<v Speaker 6>of the paper. Now you would now just decide, okay, wow,

0:22:11.160 --> 0:22:15.760
<v Speaker 6>I'd like this in silver, brass, gold, anything you'd want.

0:22:16.200 --> 0:22:19.080
<v Speaker 6>So then I would cast it. Now you need one

0:22:19.160 --> 0:22:22.240
<v Speaker 6>right now. But let's say you promoted it and you

0:22:22.320 --> 0:22:26.359
<v Speaker 6>needed you needed five thousand you then I would mass

0:22:26.359 --> 0:22:29.240
<v Speaker 6>produce it for you. Now let's say you did handmade

0:22:29.320 --> 0:22:33.760
<v Speaker 6>jewelry and you made Julie for yourself. So you made

0:22:33.800 --> 0:22:38.000
<v Speaker 6>one piece. Now people like it, you get an order

0:22:38.040 --> 0:22:39.680
<v Speaker 6>for five pieces. So you sit here and you make

0:22:39.720 --> 0:22:44.480
<v Speaker 6>five pieces. People really like it, they order five thousand pieces.

0:22:44.800 --> 0:22:46.320
<v Speaker 6>You're not going to sit here. So even if you

0:22:46.359 --> 0:22:48.960
<v Speaker 6>can do it yourself, you're not going to. So that's

0:22:49.000 --> 0:22:51.560
<v Speaker 6>why it's a contracting company, because now you would contract

0:22:51.600 --> 0:22:53.600
<v Speaker 6>the work out to me, say listen, this is my

0:22:53.680 --> 0:22:56.040
<v Speaker 6>original piece. I need you to make me five thousand.

0:22:56.240 --> 0:22:59.199
<v Speaker 6>Now I have the manpower, the equipment, the machinery, the

0:22:59.240 --> 0:23:03.200
<v Speaker 6>resources to produce on a large scale like that and

0:23:03.280 --> 0:23:06.960
<v Speaker 6>that and that and that entail would grow your company.

0:23:07.000 --> 0:23:11.520
<v Speaker 6>So my my business also technically goes to entrepreneurs who

0:23:11.560 --> 0:23:15.080
<v Speaker 6>have their own perspective, own respective lines of their own

0:23:15.680 --> 0:23:18.240
<v Speaker 6>and then you know, like that they order from me

0:23:18.480 --> 0:23:20.240
<v Speaker 6>daily as they get orders.

0:23:20.440 --> 0:23:22.600
<v Speaker 4>So the best way to really describe it is that

0:23:22.640 --> 0:23:26.600
<v Speaker 4>you're the back end. You're the actual manufacturer, actual where

0:23:27.080 --> 0:23:29.840
<v Speaker 4>nobody sees that part of the process, Like you're actually

0:23:30.400 --> 0:23:34.400
<v Speaker 4>making the hot dog correct.

0:23:33.320 --> 0:23:35.199
<v Speaker 2>Correct, correct, all right, that.

0:23:37.359 --> 0:23:39.520
<v Speaker 4>Because everybody a lot of time when were talking about Jurry,

0:23:39.800 --> 0:23:41.359
<v Speaker 4>you're just thinking about the storefront.

0:23:41.640 --> 0:23:43.479
<v Speaker 3>You think about that actually is selling.

0:23:43.840 --> 0:23:46.600
<v Speaker 6>You got the perfect lighting, you got everything sparkling in

0:23:46.640 --> 0:23:49.120
<v Speaker 6>front of even it's not being made. If you saw that,

0:23:49.920 --> 0:23:51.639
<v Speaker 6>it's it's it's not glamorous.

0:23:51.720 --> 0:23:54.960
<v Speaker 3>You're making the jury to sell to the jewelry store.

0:23:54.800 --> 0:23:56.800
<v Speaker 2>Correct, to sell to the designer.

0:23:57.040 --> 0:24:00.719
<v Speaker 6>That's right, right, right, right, And so you know, so

0:24:00.800 --> 0:24:05.160
<v Speaker 6>that that that's basically what that is. Now another thing

0:24:05.240 --> 0:24:06.879
<v Speaker 6>is it's like, all right, so let me come and see.

0:24:07.000 --> 0:24:11.639
<v Speaker 6>There's nothing to see there, because you know it's just

0:24:11.760 --> 0:24:14.800
<v Speaker 6>nothing to see there. There's no showcase, there's no Every

0:24:14.880 --> 0:24:19.119
<v Speaker 6>jewelry is customed it. It could be mass produced, but

0:24:19.160 --> 0:24:23.080
<v Speaker 6>every every piece of jewelry is the intellectual property of

0:24:23.240 --> 0:24:29.160
<v Speaker 6>the designer. So it's basically the factory. Very hard to promote,

0:24:29.640 --> 0:24:32.000
<v Speaker 6>very hard to promote that, you know, but I'm again,

0:24:32.040 --> 0:24:34.480
<v Speaker 6>I'm just shedding light to it, and a lot of

0:24:34.520 --> 0:24:35.480
<v Speaker 6>people have been receptive.

0:24:35.520 --> 0:24:38.840
<v Speaker 2>I mean, it's unbelievablevable. So you had the business right

0:24:38.920 --> 0:24:41.200
<v Speaker 2>you started it. You talked about equipment.

0:24:41.960 --> 0:24:44.000
<v Speaker 6>What's the type of equipment that you need, like and

0:24:44.040 --> 0:24:45.600
<v Speaker 6>what is the cost because it's not like it's gonna

0:24:45.600 --> 0:24:46.760
<v Speaker 6>be really really pricing.

0:24:47.000 --> 0:24:50.080
<v Speaker 2>So you need ovens to make jewelry.

0:24:50.280 --> 0:24:53.639
<v Speaker 6>Now, unless you see someone with ovens from here to

0:24:53.680 --> 0:24:56.800
<v Speaker 6>the ceiling, they're not making it there, right, So you

0:24:56.880 --> 0:25:01.639
<v Speaker 6>need ovens to make jewelry. Just the kinetis on having

0:25:01.760 --> 0:25:05.919
<v Speaker 6>ovens burning all day. Could be five to ten thousand

0:25:05.960 --> 0:25:07.520
<v Speaker 6>dollars a month. That's your content built.

0:25:08.119 --> 0:25:09.360
<v Speaker 3>That's an electric build.

0:25:10.720 --> 0:25:13.679
<v Speaker 5>Electric built, right, tens a month could be that's crazy,

0:25:13.840 --> 0:25:15.359
<v Speaker 5>and like how many would you need to run?

0:25:15.400 --> 0:25:19.000
<v Speaker 2>At one or two? But but but that, I mean,

0:25:19.040 --> 0:25:20.920
<v Speaker 2>that's your first cost. It's crazy.

0:25:21.240 --> 0:25:23.800
<v Speaker 6>You can't do everything yourself because you just you can't.

0:25:23.800 --> 0:25:25.840
<v Speaker 6>You have two hands. I get an order for five

0:25:25.840 --> 0:25:29.720
<v Speaker 6>thousand pieces, I can't do it myself. So you need employees.

0:25:29.800 --> 0:25:33.879
<v Speaker 6>You need skilled craftsmen. A lot of people there's not

0:25:34.080 --> 0:25:37.560
<v Speaker 6>that's a dying breed of skilled. A lot of people

0:25:37.640 --> 0:25:40.240
<v Speaker 6>come from you know, their countries with that skill. I

0:25:40.320 --> 0:25:43.439
<v Speaker 6>try to find them, you know, and hire them, because

0:25:43.440 --> 0:25:47.199
<v Speaker 6>it's not everybody that has that skill, that craftsmanship to

0:25:47.280 --> 0:25:49.320
<v Speaker 6>work on jewelry, you know.

0:25:50.320 --> 0:25:52.320
<v Speaker 4>All right, all right, So in the next seven we're

0:25:52.320 --> 0:25:54.399
<v Speaker 4>going to be going to get into the jury industry

0:25:54.600 --> 0:25:57.480
<v Speaker 4>as a whole and ask some questions that I'm curious about,

0:25:57.520 --> 0:25:59.119
<v Speaker 4>and I'm sure that a lot of other people will

0:25:59.119 --> 0:25:59.720
<v Speaker 4>be curious.

0:25:59.440 --> 0:25:59.960
<v Speaker 2>About as well.

0:26:00.119 --> 0:26:04.520
<v Speaker 4>Sure, all right, So okay, so jury business is interesting.

0:26:04.560 --> 0:26:07.240
<v Speaker 4>So you actually make you make jury. But he was

0:26:07.240 --> 0:26:09.560
<v Speaker 4>telling you off cameras the whole process to make jury, right, Like,

0:26:10.119 --> 0:26:14.000
<v Speaker 4>you have to go buy like let's say go watch

0:26:14.040 --> 0:26:17.360
<v Speaker 4>you go buy goal right right, Then you have to

0:26:17.440 --> 0:26:19.600
<v Speaker 4>like correct me I'm wrong, but you you melt it

0:26:19.640 --> 0:26:23.160
<v Speaker 4>down correct and then you you like sculpt it into

0:26:23.200 --> 0:26:24.320
<v Speaker 4>whatever you want to make it right.

0:26:24.440 --> 0:26:27.200
<v Speaker 6>So there's a process called the lost wax process. Right,

0:26:27.240 --> 0:26:30.160
<v Speaker 6>This is how this and also it's also called casting.

0:26:30.880 --> 0:26:33.920
<v Speaker 2>All right. So now with this, to create.

0:26:33.880 --> 0:26:37.320
<v Speaker 6>A piece, you would go you'd buy raw gold twenty

0:26:37.320 --> 0:26:40.440
<v Speaker 6>four carried gold. You would then alloy it down where

0:26:40.480 --> 0:26:42.359
<v Speaker 6>you're buying the gold. So I saw some of my

0:26:42.400 --> 0:26:47.320
<v Speaker 6>metals right on forty seventh Street. Okay, okay, So you

0:26:47.320 --> 0:26:50.200
<v Speaker 6>would buy the raw metal, you would alloy it down,

0:26:50.560 --> 0:26:53.800
<v Speaker 6>then you would melt it. That's why you need a melter. Okay,

0:26:55.800 --> 0:26:59.400
<v Speaker 6>you would have You need a wax. You need a wax.

0:26:59.560 --> 0:27:01.240
<v Speaker 6>If you see some of the videos, you'll see like

0:27:01.280 --> 0:27:05.040
<v Speaker 6>wax trees, and then we put a plaster over it. Right,

0:27:05.080 --> 0:27:07.919
<v Speaker 6>this is like a twenty four hour process. Put a

0:27:07.960 --> 0:27:11.960
<v Speaker 6>plaster over it. That plaster hardens. The reason you need

0:27:12.040 --> 0:27:15.800
<v Speaker 6>ovens is because now that wax holds the form that

0:27:15.920 --> 0:27:19.160
<v Speaker 6>was inside those cylinders that you see that I post.

0:27:19.920 --> 0:27:23.120
<v Speaker 6>The heat from the oven is about twelve hundred degrees, right.

0:27:23.520 --> 0:27:28.600
<v Speaker 6>That melts the wax and leaves the cavity the wax had.

0:27:28.720 --> 0:27:31.760
<v Speaker 6>He leaves an empty cavity. So when you melt the metal,

0:27:32.080 --> 0:27:34.880
<v Speaker 6>you go ahead and pour that into that cavity, so

0:27:34.960 --> 0:27:38.280
<v Speaker 6>that gold is now in a liquid form. You pour

0:27:38.320 --> 0:27:42.200
<v Speaker 6>it in it. It hardens once you break the cast off,

0:27:42.640 --> 0:27:45.000
<v Speaker 6>whatever was in that wax form, whatever was in that

0:27:45.040 --> 0:27:45.560
<v Speaker 6>tree is.

0:27:45.520 --> 0:27:47.480
<v Speaker 2>Now in gold. Okay.

0:27:47.800 --> 0:27:51.199
<v Speaker 6>And at that point then then it's then it's clipped

0:27:51.240 --> 0:27:53.080
<v Speaker 6>off the tree and then it goes on a bench

0:27:53.080 --> 0:27:54.840
<v Speaker 6>and it's polished and things like that. So again, you

0:27:54.840 --> 0:27:59.040
<v Speaker 6>need motors, you need you need equipment. I mean, you're

0:27:59.080 --> 0:28:00.880
<v Speaker 6>not going to see this in the still because they're

0:28:00.920 --> 0:28:03.200
<v Speaker 6>not making jewelry there. They might have a little steamer

0:28:03.520 --> 0:28:05.520
<v Speaker 6>or they might have a little polisher, but they're not

0:28:06.240 --> 0:28:09.680
<v Speaker 6>casting jewelry there. You need you need equipment.

0:28:09.760 --> 0:28:12.919
<v Speaker 5>So after the polishing process, now it goes into the

0:28:12.920 --> 0:28:13.680
<v Speaker 5>mold is they're.

0:28:13.560 --> 0:28:16.080
<v Speaker 6>Like, after the polishing process is pretty much done unless

0:28:16.080 --> 0:28:19.159
<v Speaker 6>there's a stone setting and things like that. And yeah, so

0:28:19.359 --> 0:28:22.439
<v Speaker 6>because when it comes out, it's a raw, raw, raw casting.

0:28:22.480 --> 0:28:25.000
<v Speaker 6>It's raw metal, so you know it'll cut you, it's

0:28:25.080 --> 0:28:28.080
<v Speaker 6>it's rough. It's so those wheels that you see the polishing,

0:28:28.080 --> 0:28:31.199
<v Speaker 6>that's what gives it that refined finish. And then that

0:28:31.280 --> 0:28:35.000
<v Speaker 6>point is packaged in my customer's packaging and then sent out.

0:28:35.840 --> 0:28:38.360
<v Speaker 4>So all right, So and you were saying that like

0:28:38.400 --> 0:28:41.800
<v Speaker 4>the difference between fourteen carrot, twenty four carrot, So.

0:28:41.800 --> 0:28:45.560
<v Speaker 6>Twenty four carrot is fine gold. That's one hundred percent gold,

0:28:46.160 --> 0:28:50.440
<v Speaker 6>pure gold. That's pure gold. All right, Now they're different.

0:28:50.480 --> 0:28:53.600
<v Speaker 6>You have twenty two carrot, you have eighteen carrot, fourteen carrot,

0:28:53.600 --> 0:28:58.000
<v Speaker 6>and ten carrot. You know, for example, seventy five eighteen

0:28:58.040 --> 0:29:00.640
<v Speaker 6>carrot is only seventy five percent gold arend his alloy.

0:29:01.360 --> 0:29:04.240
<v Speaker 6>Fourteen carrot is fifty eight point three percent gold.

0:29:04.320 --> 0:29:05.160
<v Speaker 2>The rest is alloy.

0:29:05.280 --> 0:29:09.680
<v Speaker 6>So if you're wearing fourteen carrot, you're you're wearing half

0:29:09.880 --> 0:29:14.280
<v Speaker 6>gold half alloy. Like Rolex doesn't even there's no rolex,

0:29:14.560 --> 0:29:18.240
<v Speaker 6>no gold, Rolex that's fourteen carrot. It's not considered. It's

0:29:18.240 --> 0:29:21.200
<v Speaker 6>just not for their standard. So does that make fourteen

0:29:21.240 --> 0:29:22.959
<v Speaker 6>carried strong a stronger gold?

0:29:23.360 --> 0:29:25.880
<v Speaker 2>Well, the more alloy, the alloy makes it longer.

0:29:25.920 --> 0:29:28.960
<v Speaker 6>Correct, Like if you wouldn't wear twenty four carrot because

0:29:29.000 --> 0:29:31.480
<v Speaker 6>it would be bendable, it wouldn't it wouldn't work. The

0:29:31.560 --> 0:29:34.959
<v Speaker 6>highest carrot you would wear is twenty two carrot. That's

0:29:34.960 --> 0:29:38.240
<v Speaker 6>about like ninety six percent gold. So but and then

0:29:38.280 --> 0:29:41.160
<v Speaker 6>ten carrot is forty one point seven percent gold, so

0:29:41.960 --> 0:29:44.440
<v Speaker 6>you have to you know, it's not simply throwing your

0:29:44.520 --> 0:29:47.560
<v Speaker 6>chain on a scale and saying and looking at the

0:29:47.560 --> 0:29:50.040
<v Speaker 6>price of what gold is trading on and saying, oh,

0:29:50.080 --> 0:29:51.320
<v Speaker 6>this is what my chain is worth.

0:29:51.400 --> 0:29:54.320
<v Speaker 2>No, because it's not full gold. It's a percentage of gold.

0:29:54.400 --> 0:29:56.320
<v Speaker 2>So nobody has fully gold anything.

0:29:57.080 --> 0:29:59.800
<v Speaker 6>No, you wouldn't wear twenty four cab twenty two carrot

0:29:59.840 --> 0:30:04.560
<v Speaker 6>is ninety things like ninety six percent, so that's that's

0:30:04.800 --> 0:30:05.640
<v Speaker 6>that's fully gold.

0:30:05.840 --> 0:30:08.040
<v Speaker 2>Eighteen carrot is that's respectable.

0:30:08.040 --> 0:30:11.680
<v Speaker 6>You know it's seventy five percent, it's seventy but but

0:30:11.720 --> 0:30:13.640
<v Speaker 6>you know, when I was in the Bronx, everybody was

0:30:13.680 --> 0:30:15.520
<v Speaker 6>like it better be fourteen and fourteen.

0:30:15.600 --> 0:30:18.320
<v Speaker 2>But you know, fourteen carrit is half gold and half hours.

0:30:18.320 --> 0:30:20.720
<v Speaker 5>So when it's somebody and we've seen people when you

0:30:20.720 --> 0:30:22.840
<v Speaker 5>know the big kilo rope chains, right, they put that

0:30:22.880 --> 0:30:25.440
<v Speaker 5>on the scale, right, you know, the weight is not

0:30:26.600 --> 0:30:27.800
<v Speaker 5>know the percentage of the goal.

0:30:28.680 --> 0:30:31.080
<v Speaker 6>So you cannot look at the market and say, okay,

0:30:31.080 --> 0:30:33.720
<v Speaker 6>gold is fifteen one hundred and an ounce and they

0:30:33.720 --> 0:30:36.520
<v Speaker 6>put it on the scale and it's ten ounces whatever. No,

0:30:36.560 --> 0:30:39.320
<v Speaker 6>it's not fifteen hundred times ten, it's the percentage of

0:30:39.360 --> 0:30:40.120
<v Speaker 6>gold times ten.

0:30:40.160 --> 0:30:41.000
<v Speaker 3>How do you test gold?

0:30:41.000 --> 0:30:43.600
<v Speaker 4>So if I'm buying gold, right, and somebody tells me

0:30:43.680 --> 0:30:46.520
<v Speaker 4>this twenty carrot, where it's really twenty it's really it's

0:30:46.560 --> 0:30:47.520
<v Speaker 4>really fourteen carrot.

0:30:47.800 --> 0:30:49.080
<v Speaker 3>I can't tell by looking at it.

0:30:48.960 --> 0:30:49.400
<v Speaker 2>You can't you.

0:30:49.760 --> 0:30:52.000
<v Speaker 6>I mean as throw we look at it a lot.

0:30:52.080 --> 0:30:54.680
<v Speaker 6>I mean your eye gets kind of trained to the color.

0:30:55.000 --> 0:30:58.760
<v Speaker 6>You see it all day. But the old fashioned where

0:30:58.760 --> 0:31:01.840
<v Speaker 6>you'll see them rub it on a piece of you know,

0:31:01.960 --> 0:31:05.040
<v Speaker 6>it's just very primitive. But now there's there's computers that

0:31:05.080 --> 0:31:08.160
<v Speaker 6>will just print out full element, every element that comes,

0:31:08.520 --> 0:31:09.080
<v Speaker 6>every element.

0:31:09.160 --> 0:31:11.160
<v Speaker 2>So at this day and age, I mean, no one

0:31:11.240 --> 0:31:12.120
<v Speaker 2>is gonna so you.

0:31:12.080 --> 0:31:12.760
<v Speaker 3>Like scan it.

0:31:13.120 --> 0:31:15.120
<v Speaker 6>Yeah, they put it in a machine that scans it

0:31:15.280 --> 0:31:17.080
<v Speaker 6>and gives a print out of all the elements, and

0:31:17.120 --> 0:31:20.080
<v Speaker 6>then you'll know how much carrots characters because it's a

0:31:20.120 --> 0:31:22.520
<v Speaker 6>lot of time, you know, I would see people come

0:31:22.560 --> 0:31:23.400
<v Speaker 6>to me and it was like, you know, this is

0:31:23.480 --> 0:31:26.800
<v Speaker 6>ten carrot, but no it's not, it's eight carrot. You know,

0:31:27.280 --> 0:31:30.040
<v Speaker 6>if the person that's mixing the alloy has the control.

0:31:30.560 --> 0:31:32.480
<v Speaker 2>You know, and they doing that on purpose, right, so

0:31:32.480 --> 0:31:34.200
<v Speaker 2>they can I don't want to say they're doing that

0:31:34.240 --> 0:31:37.560
<v Speaker 2>on purpose. I mean back there's a human element, and

0:31:37.600 --> 0:31:38.640
<v Speaker 2>he's talking about.

0:31:38.360 --> 0:31:41.400
<v Speaker 5>Money, yeah, back in high school, Like you know, a

0:31:41.440 --> 0:31:42.880
<v Speaker 5>few of us used to go to Florida Road. We

0:31:42.880 --> 0:31:45.640
<v Speaker 5>won't say names, myself included, and we would get changed

0:31:45.680 --> 0:31:46.840
<v Speaker 5>and I'm like, yo, there's no.

0:31:46.720 --> 0:31:47.720
<v Speaker 2>Difference, betweens.

0:31:47.760 --> 0:31:51.440
<v Speaker 5>It looks a little more shiny, right, but fourteen carrot man,

0:31:51.880 --> 0:31:52.440
<v Speaker 5>what's yours?

0:31:52.520 --> 0:31:55.280
<v Speaker 2>And it was like we didn't know, you know, no idea.

0:31:55.280 --> 0:31:56.920
<v Speaker 2>And then here's the other here's the other thing.

0:31:57.760 --> 0:32:02.920
<v Speaker 6>Gold is it's like synonymous with time, right, it's the

0:32:03.040 --> 0:32:05.600
<v Speaker 6>time you bought it. We could have the same chain,

0:32:05.720 --> 0:32:08.640
<v Speaker 6>same weight, but if you bought it in two thousand

0:32:08.880 --> 0:32:12.160
<v Speaker 6>and ten as opposed to twenty and twenty, it's the

0:32:12.200 --> 0:32:17.640
<v Speaker 6>same chain, same weight, totally different price. Is that change

0:32:18.040 --> 0:32:20.760
<v Speaker 6>okay by the day? Yeah, well the day we were so.

0:32:20.920 --> 0:32:23.520
<v Speaker 6>So if you had again, if you had a shoe

0:32:23.520 --> 0:32:26.520
<v Speaker 6>box of cash, well you know that that's spending even

0:32:26.520 --> 0:32:29.320
<v Speaker 6>if you don't touch it. It's spending with time at

0:32:29.400 --> 0:32:34.200
<v Speaker 6>least gold gold. Now gold, if it's charted, it usually

0:32:34.240 --> 0:32:38.600
<v Speaker 6>goes up. So the chain you bought for this just

0:32:38.640 --> 0:32:41.560
<v Speaker 6>throwing up five thousand dollars ten years ago.

0:32:42.480 --> 0:32:46.640
<v Speaker 2>Now that chain double inflation? Really correct?

0:32:46.680 --> 0:32:48.360
<v Speaker 6>The chain could be double So now you can sell

0:32:48.360 --> 0:32:51.600
<v Speaker 6>it for ten thousand. Now, if you had five thousand

0:32:51.600 --> 0:32:54.640
<v Speaker 6>in the shoe box ten years ago, it's still five thousand.

0:32:55.040 --> 0:32:58.800
<v Speaker 6>But you can do less with five thousand back then,

0:32:58.920 --> 0:33:01.640
<v Speaker 6>as you as opposed to a day, right. So so

0:33:01.680 --> 0:33:05.440
<v Speaker 6>that's why gold is is an investment. It is an investment.

0:33:05.480 --> 0:33:08.600
<v Speaker 6>I mean not diamonds per se. I mean diamonds you

0:33:09.040 --> 0:33:10.280
<v Speaker 6>need to find the customer for it.

0:33:10.320 --> 0:33:10.959
<v Speaker 2>But gold.

0:33:11.760 --> 0:33:14.880
<v Speaker 6>The government buys gold, So I mean it is an investment.

0:33:14.920 --> 0:33:17.000
<v Speaker 6>I mean you could a lot of people look at it.

0:33:17.040 --> 0:33:19.280
<v Speaker 6>If you're not educated, you say, wow, what a waste.

0:33:19.360 --> 0:33:22.440
<v Speaker 2>I mean, it's theory. It's not a waste of money

0:33:22.480 --> 0:33:22.880
<v Speaker 2>in theory.

0:33:22.920 --> 0:33:23.720
<v Speaker 3>It's a commodity.

0:33:25.240 --> 0:33:27.240
<v Speaker 4>And yeah, like you said, I mean it does right

0:33:27.360 --> 0:33:31.160
<v Speaker 4>like you can you can buy goldst So it's interesting

0:33:31.160 --> 0:33:34.240
<v Speaker 4>because you it's it's it's jury, but you can also

0:33:34.320 --> 0:33:35.800
<v Speaker 4>use it as an investment as well. Like the price

0:33:35.840 --> 0:33:37.760
<v Speaker 4>of goal we were saying ten years ago was eleven

0:33:37.840 --> 0:33:38.479
<v Speaker 4>hundred dollars.

0:33:38.680 --> 0:33:40.920
<v Speaker 2>It peaked a few years. It peaked in like two.

0:33:40.760 --> 0:33:44.800
<v Speaker 4>Thousand and eleven at nineteen hundred, and now it's fourteen hundred,

0:33:44.840 --> 0:33:45.400
<v Speaker 4>little more than.

0:33:45.240 --> 0:33:47.600
<v Speaker 6>Four fourteen seventy per ounce. I remember when it was

0:33:47.640 --> 0:33:50.400
<v Speaker 6>two hundred and ounce. I remember when when it went

0:33:50.440 --> 0:33:52.720
<v Speaker 6>to three fifty, we were like, forget it. This is something,

0:33:52.960 --> 0:33:55.880
<v Speaker 6>this is outrageous. We're gonna wait for it to drop.

0:33:56.120 --> 0:33:58.960
<v Speaker 6>Then when it was nineteen hundred, we were like, wow,

0:33:59.040 --> 0:34:01.720
<v Speaker 6>we would every three hundred and fifty dollars we spent

0:34:02.000 --> 0:34:04.200
<v Speaker 6>was now going to be nineteen hundred dollars.

0:34:05.120 --> 0:34:05.360
<v Speaker 2>You know.

0:34:05.480 --> 0:34:08.600
<v Speaker 6>So again, when you buy a chain or you buy

0:34:08.640 --> 0:34:11.120
<v Speaker 6>a ring, there's labor in that. You'll never get your

0:34:11.200 --> 0:34:14.359
<v Speaker 6>labor back, but the gold stands now if that goal

0:34:14.440 --> 0:34:15.440
<v Speaker 6>appreciates path.

0:34:16.640 --> 0:34:18.879
<v Speaker 5>This episode is brought to you by P and C Bank.

0:34:19.280 --> 0:34:22.040
<v Speaker 5>A lot of people think podcasts about work are boring,

0:34:22.239 --> 0:34:26.120
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0:34:26.160 --> 0:34:29.440
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0:34:29.800 --> 0:34:33.480
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0:34:36.760 --> 0:34:39.880
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0:34:39.880 --> 0:34:43.239
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0:34:43.320 --> 0:34:48.160
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0:34:48.200 --> 0:34:50.840
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0:34:50.880 --> 0:34:54.120
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0:34:54.560 --> 0:34:56.719
<v Speaker 5>National Association Member FDIC.

0:35:00.200 --> 0:35:00.560
<v Speaker 2>What's up?

0:35:00.600 --> 0:35:03.080
<v Speaker 5>You ever walk into a small business and everything just

0:35:03.239 --> 0:35:06.400
<v Speaker 5>works like the checkout is fast, the receipts are digital,

0:35:06.920 --> 0:35:09.920
<v Speaker 5>tipping is a breeze, and you're out the door before

0:35:09.920 --> 0:35:14.080
<v Speaker 5>the line even builds. Odds are they're using Square. We

0:35:14.239 --> 0:35:16.799
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0:35:16.800 --> 0:35:20.040
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0:35:20.080 --> 0:35:22.359
<v Speaker 5>at a pop up market, or even one of our

0:35:22.400 --> 0:35:26.080
<v Speaker 5>merch partners. Square makes it easy for them to take payments,

0:35:26.280 --> 0:35:30.040
<v Speaker 5>manage inventory, and run their business with confidence, all from

0:35:30.120 --> 0:35:33.520
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0:35:33.600 --> 0:35:37.120
<v Speaker 5>just thinking about launching something soon, Square is hands down

0:35:37.160 --> 0:35:40.200
<v Speaker 5>one of the best tools out there to help you start, run,

0:35:40.440 --> 0:35:43.760
<v Speaker 5>and grow. It's not just about payments, it's about giving

0:35:43.760 --> 0:35:46.440
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0:35:46.480 --> 0:35:49.720
<v Speaker 5>most ready. To see how Square can transform your business,

0:35:50.000 --> 0:35:54.640
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0:35:54.680 --> 0:35:59.880
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0:36:00.200 --> 0:36:03.000
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0:36:03.000 --> 0:36:04.640
<v Speaker 5>can keep pushing your vision forward.

0:36:06.920 --> 0:36:09.000
<v Speaker 6>That's the labor that you paid or the premium you

0:36:09.000 --> 0:36:13.279
<v Speaker 6>paid on it. And now your option was to put

0:36:13.280 --> 0:36:16.520
<v Speaker 6>that money in the bank. The best bet was to

0:36:16.520 --> 0:36:21.000
<v Speaker 6>buy gold. But you said, also with like Jurry.

0:36:22.360 --> 0:36:26.040
<v Speaker 4>Stores or I think it's Joey stores, you said they

0:36:26.080 --> 0:36:27.680
<v Speaker 4>have three times markup, right.

0:36:27.719 --> 0:36:31.880
<v Speaker 2>Well, now I don't. It depends on whoever.

0:36:32.000 --> 0:36:35.360
<v Speaker 6>Like some of my customers, right which will remain nameless,

0:36:35.680 --> 0:36:38.440
<v Speaker 6>they mark up about three times.

0:36:38.480 --> 0:36:41.320
<v Speaker 2>But what I said, that's.

0:36:40.640 --> 0:36:42.440
<v Speaker 6>Kind of standard because you have to understand they have

0:36:42.480 --> 0:36:45.480
<v Speaker 6>their own respective brands, they have their own rents to pay,

0:36:45.520 --> 0:36:48.040
<v Speaker 6>they have their own marketing that they have to do.

0:36:48.280 --> 0:36:51.680
<v Speaker 6>I mean, they would not do it if there's no profit. March,

0:36:52.120 --> 0:36:54.640
<v Speaker 6>so they get it from me. Then they package it.

0:36:54.719 --> 0:36:57.000
<v Speaker 6>I mean again, they spend the money on building their brand,

0:36:57.560 --> 0:37:00.640
<v Speaker 6>and brands are powerful. They have a following the exact

0:37:00.719 --> 0:37:05.120
<v Speaker 6>same material, but people are loyal to a brand, so

0:37:05.680 --> 0:37:09.600
<v Speaker 6>they're able to set their price and get it so.

0:37:09.680 --> 0:37:14.280
<v Speaker 3>Right, goal is fourteen hundred dollars out I think.

0:37:14.120 --> 0:37:16.279
<v Speaker 2>It's about fourteen eighty eight and out for twenty four k.

0:37:16.480 --> 0:37:19.080
<v Speaker 4>For twenty I think it's like fourteen sixty one to

0:37:19.080 --> 0:37:24.960
<v Speaker 4>be exact, But whatever, fourteen sometime. This is fourteen sixty

0:37:25.000 --> 0:37:31.200
<v Speaker 4>one an ounce. Right, but let's say by the time

0:37:31.280 --> 0:37:33.840
<v Speaker 4>you buy it, what do you buy fifteen hundred eight?

0:37:35.160 --> 0:37:38.160
<v Speaker 6>So what it's trading for. No one will get it

0:37:38.200 --> 0:37:39.680
<v Speaker 6>for that, right because they have to make a market

0:37:39.760 --> 0:37:45.640
<v Speaker 6>as a premium. Now again, possession gold could be that price,

0:37:45.680 --> 0:37:48.400
<v Speaker 6>and this guy over here could have it. He could say, listen,

0:37:49.000 --> 0:37:52.080
<v Speaker 6>it is cheaper than what I'm charging. But he doesn't

0:37:52.080 --> 0:37:54.960
<v Speaker 6>have or he doesn't have the amount. So who has

0:37:55.000 --> 0:37:57.520
<v Speaker 6>it that the time of need can set the price.

0:37:58.040 --> 0:38:03.080
<v Speaker 6>It's usually twenty five bucks above above above spot they

0:38:03.120 --> 0:38:06.160
<v Speaker 6>call it spot is what it's trading at at I

0:38:06.239 --> 0:38:08.920
<v Speaker 6>believe it. I think it's in the London fixed closes

0:38:08.920 --> 0:38:12.680
<v Speaker 6>about eleven twelve o'clock. At twelve o'clock, the price is set.

0:38:13.040 --> 0:38:16.560
<v Speaker 6>Doesn't matter what you bought it for yesterday. It yesterday

0:38:16.680 --> 0:38:20.360
<v Speaker 6>is gone. So now today that's what your goald costs.

0:38:20.440 --> 0:38:24.040
<v Speaker 6>And if that's per ounce, or is that fifty dollars,

0:38:24.080 --> 0:38:26.200
<v Speaker 6>I mean like, there's twenty pennyweight in an ounce, so

0:38:26.239 --> 0:38:28.360
<v Speaker 6>you'll take whatever the price is divided by twenty.

0:38:28.640 --> 0:38:30.240
<v Speaker 2>You can buy it by pennyweight.

0:38:30.160 --> 0:38:31.640
<v Speaker 3>All right, So then they mark it up.

0:38:31.640 --> 0:38:33.680
<v Speaker 4>So then you buy it, but then people buy it

0:38:33.680 --> 0:38:36.399
<v Speaker 4>from you, and then if you have to make a profit,

0:38:37.000 --> 0:38:39.239
<v Speaker 4>then they So what I'm getting at is that it

0:38:39.280 --> 0:38:42.640
<v Speaker 4>is an investment. But for the average retailing person buying

0:38:42.719 --> 0:38:47.520
<v Speaker 4>a goal watch, they're buying at a tremendously higher price correct,

0:38:48.000 --> 0:38:51.160
<v Speaker 4>so it'll take time before correct even if goal goes up.

0:38:51.239 --> 0:38:54.560
<v Speaker 6>So what I do, I would buy the materials. I

0:38:54.600 --> 0:38:56.120
<v Speaker 6>would lay out buy them. And this is why you

0:38:56.120 --> 0:38:58.520
<v Speaker 6>need funding that you're buying gold. So you get a

0:38:58.560 --> 0:39:02.000
<v Speaker 6>big order, you need more money, you know you need,

0:39:02.480 --> 0:39:06.200
<v Speaker 6>so so I would I would buy. And I'm also

0:39:06.360 --> 0:39:10.319
<v Speaker 6>what I'm selling is the labor and the craftsmanship of

0:39:10.360 --> 0:39:14.120
<v Speaker 6>what what we've done to it to produce your vision

0:39:14.239 --> 0:39:16.600
<v Speaker 6>or you know, your jewelry, your art, whatever it is.

0:39:17.080 --> 0:39:19.680
<v Speaker 6>So you know, so it's the labor that I'm billing

0:39:19.719 --> 0:39:21.240
<v Speaker 6>for at that point.

0:39:21.480 --> 0:39:24.960
<v Speaker 5>So what what what's the amount of funding that somebody's

0:39:24.960 --> 0:39:26.000
<v Speaker 5>starting with typically need.

0:39:26.520 --> 0:39:29.799
<v Speaker 6>So again, you're gonna operate. I can speak only for

0:39:29.880 --> 0:39:32.840
<v Speaker 6>New York. I mean you're gonna operate in Manhattan, especially

0:39:32.880 --> 0:39:35.680
<v Speaker 6>if jewelry. You don't want to be in a corner somewhere,

0:39:35.840 --> 0:39:38.600
<v Speaker 6>you know, you want to be in the epicenter right,

0:39:39.200 --> 0:39:42.879
<v Speaker 6>So you're gonna need You're gonna need space to operate.

0:39:42.880 --> 0:39:45.680
<v Speaker 6>You're gonna need brick and mortar. You're gonna need a place.

0:39:46.239 --> 0:39:48.720
<v Speaker 6>You could sell online, but you have to exist somewhere.

0:39:48.960 --> 0:39:54.960
<v Speaker 6>You know, some landlords would want you know, six months,

0:39:55.760 --> 0:39:58.480
<v Speaker 6>you know, six months deposit. It's a business, right, It's

0:39:58.520 --> 0:40:00.680
<v Speaker 6>not like an apartment. Six mon, You're gonna have to

0:40:00.719 --> 0:40:03.440
<v Speaker 6>sign a five, ten year lease. So you're gonna commit.

0:40:04.080 --> 0:40:07.360
<v Speaker 6>You have to be committed to that. Millions in the

0:40:07.400 --> 0:40:10.200
<v Speaker 6>jewelry business, yes, a million dollars really doesn't get get

0:40:10.239 --> 0:40:12.919
<v Speaker 6>you to far. It'll get you started. But again, you're

0:40:12.920 --> 0:40:17.719
<v Speaker 6>gonna constantly need allies. You're gonna constantly need you need vendors,

0:40:19.120 --> 0:40:21.560
<v Speaker 6>you know, you need to you need to keep your

0:40:21.560 --> 0:40:24.200
<v Speaker 6>rent keep I just explained what kan Ned could be,

0:40:24.840 --> 0:40:26.720
<v Speaker 6>you know, so, so it's serious.

0:40:26.760 --> 0:40:29.759
<v Speaker 2>I mean it's not like you're not selling socks. I

0:40:29.760 --> 0:40:33.120
<v Speaker 2>mean socks, you know.

0:40:33.200 --> 0:40:35.359
<v Speaker 6>So it's easy to lose your shirt. So you got

0:40:35.360 --> 0:40:37.360
<v Speaker 6>to be focused. You got to watch your numbers. You

0:40:37.440 --> 0:40:40.319
<v Speaker 6>got to have great relationships with your customers. And it's

0:40:40.360 --> 0:40:44.239
<v Speaker 6>a small business. It's a small, very small community, so

0:40:44.880 --> 0:40:49.080
<v Speaker 6>everyone knows everyone. So you make money on your reputation,

0:40:49.520 --> 0:40:53.600
<v Speaker 6>But you can also borrow with a handshake. You know,

0:40:53.680 --> 0:40:56.200
<v Speaker 6>there'll be no forms, there will be no once. Once

0:40:56.239 --> 0:41:01.080
<v Speaker 6>you're trusted and people believe in you, they don't really

0:41:01.160 --> 0:41:04.000
<v Speaker 6>lend to the business. They look at you, you know,

0:41:04.000 --> 0:41:07.560
<v Speaker 6>they investing in you. They're investing in you. Yeah so

0:41:07.560 --> 0:41:10.279
<v Speaker 6>so so yeah. But with a handshake, you can get

0:41:10.280 --> 0:41:13.520
<v Speaker 6>the funding you need and you should be fine.

0:41:14.000 --> 0:41:16.359
<v Speaker 4>How do you how is jewelry de value? Because you said,

0:41:16.360 --> 0:41:18.719
<v Speaker 4>like once you start to like put diamonds and it

0:41:19.000 --> 0:41:20.000
<v Speaker 4>kind of like devalues it.

0:41:20.080 --> 0:41:22.280
<v Speaker 6>Right, So every time you clean a piece of jewelry,

0:41:22.320 --> 0:41:26.640
<v Speaker 6>it loses value. Clean it, clean it, any piece, any piece, anytime,

0:41:27.000 --> 0:41:29.840
<v Speaker 6>because you're removing gold.

0:41:29.880 --> 0:41:32.479
<v Speaker 2>You're removing a layer of gold every time you clean.

0:41:32.480 --> 0:41:34.320
<v Speaker 6>Every time you see it get shiny, that's a layer

0:41:34.360 --> 0:41:37.680
<v Speaker 6>of gold gone. And that's dust on the floor. You know,

0:41:37.719 --> 0:41:41.840
<v Speaker 6>That's what you were saying before factories there's refiners. You

0:41:41.840 --> 0:41:47.200
<v Speaker 6>don't throw your garbage out regularly. Refiners come and and yeah,

0:41:47.520 --> 0:41:49.000
<v Speaker 6>so the dust on the floor.

0:41:48.800 --> 0:41:50.960
<v Speaker 3>Is money, you know, So how how much does it

0:41:51.040 --> 0:41:53.560
<v Speaker 3>go down like a couple, It.

0:41:53.520 --> 0:41:56.080
<v Speaker 6>Just depends on how many times it's cleaned. I mean,

0:41:56.080 --> 0:41:58.520
<v Speaker 6>if you keep cleaning it over time, you're gonna lose

0:41:59.000 --> 0:42:01.560
<v Speaker 6>again what you're losing. It's fluctuating by the day as well.

0:42:02.360 --> 0:42:05.200
<v Speaker 6>Different values clean. Are you not post clean jewry?

0:42:05.360 --> 0:42:07.040
<v Speaker 2>Not too much? No, you're not.

0:42:07.360 --> 0:42:09.960
<v Speaker 6>Actually, If I mean on forty seventh Street, you can

0:42:10.000 --> 0:42:13.439
<v Speaker 6>clean a rolex every day if you want rolex. They

0:42:15.080 --> 0:42:18.320
<v Speaker 6>they are only will clean your watch three times in

0:42:18.400 --> 0:42:21.920
<v Speaker 6>its lifespan, so the you can't go to them. They

0:42:22.000 --> 0:42:26.560
<v Speaker 6>document how much times they because the value is weight

0:42:26.640 --> 0:42:31.400
<v Speaker 6>as well. So yeah, no, every time you clean your

0:42:31.480 --> 0:42:33.440
<v Speaker 6>jewelry you lose value.

0:42:33.440 --> 0:42:36.640
<v Speaker 5>So when we see you know, these watch companies fully

0:42:36.719 --> 0:42:39.800
<v Speaker 5>protect and Richard mill and we see people putting diamonds

0:42:39.800 --> 0:42:43.000
<v Speaker 5>in them, they're actually losing value from the watch.

0:42:43.120 --> 0:42:46.960
<v Speaker 6>They're the watch is losing value because it's not it's

0:42:47.000 --> 0:42:48.759
<v Speaker 6>been stack, will not vibe.

0:42:48.800 --> 0:42:49.160
<v Speaker 2>It's done.

0:42:49.200 --> 0:42:52.960
<v Speaker 6>You've drilled holes in it, put after market diamonds in it.

0:42:53.000 --> 0:42:58.960
<v Speaker 6>That's it's done. But but they do have should I

0:42:59.000 --> 0:43:02.920
<v Speaker 6>say street value? There a street value the consumers want it.

0:43:02.960 --> 0:43:05.399
<v Speaker 6>There's people that say, no, I want that, and I'm

0:43:05.400 --> 0:43:08.239
<v Speaker 6>willing to pay for the labor that you'll never get back.

0:43:08.280 --> 0:43:08.760
<v Speaker 2>That labor.

0:43:09.120 --> 0:43:11.439
<v Speaker 6>Someone sat there and drilled holes and do it. You're

0:43:11.440 --> 0:43:14.120
<v Speaker 6>not getting that labor back the diamonds, you're not really

0:43:14.120 --> 0:43:17.279
<v Speaker 6>I mean the bank doesn't buy your diamonds. So but

0:43:17.400 --> 0:43:20.760
<v Speaker 6>it's a preference and if if you have a customer

0:43:20.800 --> 0:43:22.359
<v Speaker 6>for it, then it's worth doing.

0:43:23.040 --> 0:43:25.920
<v Speaker 5>Okay, and to do the diamonds wants their cut. Are

0:43:25.920 --> 0:43:27.560
<v Speaker 5>they losing value because I heard that when they're in

0:43:27.560 --> 0:43:29.280
<v Speaker 5>the rarest form that's when they're the most valuable.

0:43:29.320 --> 0:43:31.960
<v Speaker 2>Well, I'm not. I'm not a diamond I work closely

0:43:32.040 --> 0:43:33.040
<v Speaker 2>with diamond dealers.

0:43:33.120 --> 0:43:36.719
<v Speaker 6>Yeah, but the diamonds will get damaged and trying to

0:43:36.760 --> 0:43:38.600
<v Speaker 6>take them out, I mean you're not going to really read.

0:43:38.760 --> 0:43:40.919
<v Speaker 6>They're going to break when you try to take them out.

0:43:41.480 --> 0:43:45.600
<v Speaker 6>So it's it's a custom piece. It's the consumer that

0:43:45.640 --> 0:43:49.520
<v Speaker 6>says I want that, so it's yours. I mean it

0:43:49.560 --> 0:43:52.920
<v Speaker 6>has a value, but but it's an after market.

0:43:53.160 --> 0:43:54.680
<v Speaker 2>Everything is after market, you know.

0:43:55.040 --> 0:43:57.759
<v Speaker 6>So if somebody a plane Jane, they call it a

0:43:57.760 --> 0:44:01.759
<v Speaker 6>plane Jain is the best investment shout out, defer plan

0:44:02.640 --> 0:44:04.680
<v Speaker 6>that's it, that's the best, and that's the best investing

0:44:04.680 --> 0:44:06.080
<v Speaker 6>place you're plan on investing.

0:44:06.120 --> 0:44:08.200
<v Speaker 2>I mean, you know, no place to park your money?

0:44:08.200 --> 0:44:09.640
<v Speaker 3>All right, it's all your rappers out.

0:44:09.520 --> 0:44:12.879
<v Speaker 2>There, get your plane real quick.

0:44:12.920 --> 0:44:17.320
<v Speaker 5>The difference between white gold, rose gold and yellow, no

0:44:17.920 --> 0:44:18.760
<v Speaker 5>difference in price.

0:44:18.840 --> 0:44:21.960
<v Speaker 2>That's just an alloy that's creating the color gold is yellow.

0:44:24.640 --> 0:44:25.200
<v Speaker 2>I've been gotten.

0:44:27.200 --> 0:44:30.160
<v Speaker 4>Somebody just buying jury off the street, right because there's

0:44:30.200 --> 0:44:33.960
<v Speaker 4>really no like rule book to say, like it's all

0:44:34.040 --> 0:44:37.239
<v Speaker 4>kind of whatever somebody wants to kind of value it

0:44:37.320 --> 0:44:41.359
<v Speaker 4>a subjective subjective subjective how like what do how does

0:44:41.400 --> 0:44:44.120
<v Speaker 4>somebody know this is a good price to pay for this?

0:44:44.480 --> 0:44:49.279
<v Speaker 6>Well, again, this person he's selling you a product that's

0:44:50.200 --> 0:44:52.920
<v Speaker 6>that you don't know when he got it, so you

0:44:52.960 --> 0:44:56.400
<v Speaker 6>can never know his profit, right, Like we just said,

0:44:56.760 --> 0:44:58.480
<v Speaker 6>if he bought this change this chain could be worth

0:44:58.680 --> 0:45:00.839
<v Speaker 6>ten thousand dollars right now. Can google it, you can

0:45:00.920 --> 0:45:04.279
<v Speaker 6>wagh it's worth ten thousand dollars right now today. But

0:45:04.320 --> 0:45:06.080
<v Speaker 6>if it's something he had for the past two three

0:45:06.160 --> 0:45:09.520
<v Speaker 6>years and he paid six thousand for it, well he

0:45:09.560 --> 0:45:12.799
<v Speaker 6>makes four thousand on it, and he could he's he

0:45:12.800 --> 0:45:15.880
<v Speaker 6>held it for that amount of time, so you know,

0:45:16.120 --> 0:45:18.080
<v Speaker 6>but you'll never know. You don't know if he got

0:45:18.120 --> 0:45:20.279
<v Speaker 6>it yesterday and he's making two hundred bucks on you,

0:45:20.280 --> 0:45:20.759
<v Speaker 6>you won't know.

0:45:21.400 --> 0:45:22.080
<v Speaker 2>You just won't know.

0:45:22.120 --> 0:45:24.240
<v Speaker 6>It's a time thing you have to know, like, look,

0:45:24.680 --> 0:45:27.000
<v Speaker 6>the person that's in possession of it, that's giving me

0:45:27.040 --> 0:45:29.680
<v Speaker 6>this product is making on me. You just have to

0:45:29.680 --> 0:45:31.880
<v Speaker 6>be comfortable with the price that you're paying in relation

0:45:31.960 --> 0:45:34.560
<v Speaker 6>to what gold is going for and what you know

0:45:34.680 --> 0:45:37.759
<v Speaker 6>labor is going for at the time of purchase, and

0:45:37.800 --> 0:45:42.919
<v Speaker 6>be comfortable with that. And again, gold usually charts up

0:45:43.520 --> 0:45:45.600
<v Speaker 6>with I mean inflation. Things don't get cheap or they

0:45:45.640 --> 0:45:48.720
<v Speaker 6>usually go up. So whatever you buy now and whatever

0:45:48.760 --> 0:45:53.120
<v Speaker 6>you spend in a premium or someone's labor ten years

0:45:53.120 --> 0:45:54.840
<v Speaker 6>from now, five years from now, I mean in a

0:45:54.920 --> 0:45:56.160
<v Speaker 6>year from now, it could be paid for.

0:45:56.360 --> 0:45:59.640
<v Speaker 2>Yeah, does the recover you know, does the retailer actually

0:45:59.719 --> 0:46:02.400
<v Speaker 2>know when the gold was made?

0:46:02.440 --> 0:46:04.759
<v Speaker 5>Because is there like some type of certification that they

0:46:04.800 --> 0:46:06.440
<v Speaker 5>get when it comes to their store.

0:46:08.080 --> 0:46:08.319
<v Speaker 2>I don't.

0:46:08.360 --> 0:46:12.200
<v Speaker 6>I can't speak for other manufacturers, but with me, no,

0:46:12.239 --> 0:46:14.839
<v Speaker 6>they won't know. I mean, gold is timeless right here

0:46:15.120 --> 0:46:17.440
<v Speaker 6>before us, it would probably be here after us. It's

0:46:17.880 --> 0:46:21.879
<v Speaker 6>you know, but when it's made some I believe some

0:46:21.920 --> 0:46:24.560
<v Speaker 6>people would would give some sort of paperwork as to

0:46:24.600 --> 0:46:27.200
<v Speaker 6>when it was made. But who can really prove that.

0:46:27.239 --> 0:46:27.520
<v Speaker 2>I don't.

0:46:27.800 --> 0:46:29.799
<v Speaker 6>I don't know if that can be proven. Us to

0:46:29.840 --> 0:46:32.800
<v Speaker 6>win something it's actually manufactured.

0:46:33.280 --> 0:46:36.000
<v Speaker 3>No, So what about platinum platinum?

0:46:36.080 --> 0:46:38.480
<v Speaker 2>I mean there was again. Now when when gold was

0:46:38.520 --> 0:46:39.400
<v Speaker 2>like two hundred.

0:46:39.160 --> 0:46:43.839
<v Speaker 6>Dollars metal precious metals, platinum was like over one thousand dollars,

0:46:43.840 --> 0:46:46.480
<v Speaker 6>I mean it was. It was ridiculous. That's why everyone

0:46:46.520 --> 0:46:48.920
<v Speaker 6>started wearing white gold. So it looked like, you know,

0:46:49.000 --> 0:46:51.400
<v Speaker 6>we can't tell the difference. But but now platinum is

0:46:51.440 --> 0:46:52.759
<v Speaker 6>cheaper than gold, so is it.

0:46:52.880 --> 0:46:53.080
<v Speaker 2>Yeah?

0:46:53.400 --> 0:46:55.480
<v Speaker 6>I mean I didn't check the numbers as of today,

0:46:55.960 --> 0:46:57.680
<v Speaker 6>but but platinum good.

0:46:57.560 --> 0:47:02.520
<v Speaker 4>Time, So nobody's wearing platum anymore. Now your advice long

0:47:02.640 --> 0:47:05.400
<v Speaker 4>term is just gold gold. Gold is better than gold.

0:47:05.680 --> 0:47:09.960
<v Speaker 6>Gold, gold is better than cash in the shoe boxes.

0:47:10.000 --> 0:47:14.880
<v Speaker 6>But you know, its gold is like frozen money. You know,

0:47:15.239 --> 0:47:16.959
<v Speaker 6>can it drop? Of course it can drop.

0:47:17.000 --> 0:47:19.680
<v Speaker 4>But made platinum spike up because I remember everybody was

0:47:19.680 --> 0:47:21.239
<v Speaker 4>wearing platinum. That was like the thing in like the

0:47:21.360 --> 0:47:22.080
<v Speaker 4>two thousands.

0:47:22.160 --> 0:47:24.279
<v Speaker 6>I'm not sure the music and I don't know what

0:47:24.320 --> 0:47:27.239
<v Speaker 6>was music got to be. I don't know what's going

0:47:27.280 --> 0:47:29.279
<v Speaker 6>on in the world at the time. Sometimes that you know,

0:47:29.840 --> 0:47:33.240
<v Speaker 6>they use platinum for for whatever, other types of manufacturing,

0:47:34.440 --> 0:47:35.359
<v Speaker 6>you know, piping, whatever.

0:47:35.360 --> 0:47:36.400
<v Speaker 2>I don't know what it was going on.

0:47:36.880 --> 0:47:39.040
<v Speaker 5>You said the reason pretty much it was more expensive

0:47:39.040 --> 0:47:40.840
<v Speaker 5>than gold, and people were trying to show that I

0:47:40.880 --> 0:47:41.239
<v Speaker 5>can buy.

0:47:42.400 --> 0:47:44.240
<v Speaker 3>But I think it's less of it. It's a scarcity.

0:47:44.360 --> 0:47:47.200
<v Speaker 6>I think it's a lot of it's world factors. When

0:47:47.200 --> 0:47:49.839
<v Speaker 6>you're talking about precious money. Yeah, it's a world fact.

0:47:50.000 --> 0:47:51.919
<v Speaker 6>I did this and then and then like you said,

0:47:51.920 --> 0:47:54.160
<v Speaker 6>then the music. Then it comes into demand. Once the

0:47:54.239 --> 0:47:57.120
<v Speaker 6>demand is there, the failure is going to go up, right.

0:47:57.320 --> 0:48:02.080
<v Speaker 6>You know, simply not buying platinum can make the I'm

0:48:02.120 --> 0:48:05.600
<v Speaker 6>not buying anything, make the value drive. We're not We're

0:48:05.600 --> 0:48:07.279
<v Speaker 6>not wearing it right now.

0:48:07.520 --> 0:48:07.719
<v Speaker 2>You know.

0:48:08.160 --> 0:48:10.120
<v Speaker 6>It could be that in other parts of the world,

0:48:10.160 --> 0:48:13.480
<v Speaker 6>gold is still like very sort after as far as

0:48:13.520 --> 0:48:14.759
<v Speaker 6>like just to hold.

0:48:14.920 --> 0:48:17.960
<v Speaker 2>Gold is Listen, gold has always been the currency of kings.

0:48:19.239 --> 0:48:21.280
<v Speaker 2>That's that's a fact.

0:48:21.560 --> 0:48:23.840
<v Speaker 4>Like even in India, like when you get married, like

0:48:23.880 --> 0:48:27.000
<v Speaker 4>they they give tons of gold, the family gives tons

0:48:27.080 --> 0:48:28.279
<v Speaker 4>of goal and they hold it.

0:48:28.280 --> 0:48:30.520
<v Speaker 2>It's like treasure ritualizing.

0:48:30.880 --> 0:48:33.960
<v Speaker 4>Yeah, it's a store value of you know, wealth that

0:48:34.160 --> 0:48:35.799
<v Speaker 4>grows over the course of time. Like you said, I

0:48:35.800 --> 0:48:37.440
<v Speaker 4>mean going back to forever.

0:48:37.719 --> 0:48:40.160
<v Speaker 6>Yeah, gold, I don't know if it was JP Morgan

0:48:40.400 --> 0:48:43.640
<v Speaker 6>Chase I think he said. He says, the only real

0:48:43.719 --> 0:48:48.560
<v Speaker 6>money is gold. Everything else's credit. We could look that up.

0:48:48.600 --> 0:48:51.680
<v Speaker 6>I'm sure money you see American do alarays to be

0:48:51.760 --> 0:48:53.719
<v Speaker 6>back by goal, right, right, But they took it off

0:48:53.719 --> 0:48:56.359
<v Speaker 6>the gold standard. Yeah, you know, they took it off

0:48:56.360 --> 0:48:57.839
<v Speaker 6>the gold standard. But I mean to me, that just

0:48:57.880 --> 0:49:00.880
<v Speaker 6>means that we literally create money now, I mean we

0:49:01.560 --> 0:49:06.000
<v Speaker 6>you know, it's not like well I can't service your

0:49:06.320 --> 0:49:08.680
<v Speaker 6>heater anymore because we don't have gold. You know, we

0:49:08.719 --> 0:49:11.160
<v Speaker 6>create money, We printed every day. So that just means

0:49:11.160 --> 0:49:13.480
<v Speaker 6>that it's not it's not going to run out. You

0:49:13.640 --> 0:49:16.839
<v Speaker 6>just have to But that makes value of keep keep

0:49:16.840 --> 0:49:19.440
<v Speaker 6>providing value, and the money will be there for you.

0:49:19.520 --> 0:49:20.120
<v Speaker 3>I want to ask you.

0:49:20.400 --> 0:49:23.360
<v Speaker 2>Money is a side effect of service and product.

0:49:23.400 --> 0:49:28.600
<v Speaker 4>Basically, if somebody like you have to be licensed obviously probably.

0:49:28.800 --> 0:49:32.640
<v Speaker 6>No, no, not any no no, not in New York

0:49:32.760 --> 0:49:37.040
<v Speaker 6>no no. No. Insurance you need insurance. You need insurance.

0:49:38.520 --> 0:49:43.160
<v Speaker 6>There is licensing for not not to hold the company.

0:49:43.200 --> 0:49:47.400
<v Speaker 6>But there's certain manufacturing, like certain when you're working with

0:49:47.440 --> 0:49:50.799
<v Speaker 6>certain toxins, you need you need certain certificates, not not

0:49:51.000 --> 0:49:52.080
<v Speaker 6>it's like a certificates.

0:49:52.880 --> 0:49:55.360
<v Speaker 2>But but yeah, so yeah.

0:49:55.280 --> 0:49:59.640
<v Speaker 4>What about like retail, somebody brought it, buys jury, they

0:49:59.680 --> 0:50:02.120
<v Speaker 4>can get insurance on that jury, right, correct, what's the

0:50:02.120 --> 0:50:03.440
<v Speaker 4>best route for them to go and do that?

0:50:04.000 --> 0:50:08.200
<v Speaker 6>Well, I mean, I don't promote any insurance company, you know,

0:50:08.239 --> 0:50:11.000
<v Speaker 6>because I don't have the experience that I haven't you know,

0:50:11.160 --> 0:50:14.200
<v Speaker 6>I haven't heard any horror stories. But but it's just

0:50:14.239 --> 0:50:16.040
<v Speaker 6>like a car insurance, you're going to pay monthly if

0:50:16.080 --> 0:50:18.960
<v Speaker 6>nothing happens when your money is gone. You recommend people

0:50:19.000 --> 0:50:21.240
<v Speaker 6>do that. It depends on the if you have expensive

0:50:21.239 --> 0:50:23.080
<v Speaker 6>if you have one hundred thousand to a five hundred

0:50:23.080 --> 0:50:25.360
<v Speaker 6>thousand dollars worth of jewelry, get insurance.

0:50:25.400 --> 0:50:25.560
<v Speaker 2>Yeah.

0:50:25.560 --> 0:50:28.239
<v Speaker 5>We've seen people, you know, lose their jewelry on get

0:50:28.719 --> 0:50:31.319
<v Speaker 5>yachts and on the jet skis, and it's like what

0:50:31.360 --> 0:50:32.400
<v Speaker 5>I do now, insurance?

0:50:33.000 --> 0:50:36.160
<v Speaker 3>But we've heard rumors of rappers that robbery up.

0:50:36.440 --> 0:50:41.720
<v Speaker 6>Yeah, right, it could always, it can always gets insurance police,

0:50:41.880 --> 0:50:44.000
<v Speaker 6>And then we don't encourage that, you know. And then

0:50:44.000 --> 0:50:45.920
<v Speaker 6>it's just like, how do I know it's missing and

0:50:45.920 --> 0:50:47.839
<v Speaker 6>it's not in your closet, you know, I don't know,

0:50:48.239 --> 0:50:48.800
<v Speaker 6>I don't know.

0:50:48.760 --> 0:50:50.440
<v Speaker 4>All right, all right, So then in the last time

0:50:50.440 --> 0:50:53.960
<v Speaker 4>we're gonna talk about scaling model, your business, and a

0:50:54.000 --> 0:50:54.960
<v Speaker 4>few other different things.

0:50:55.239 --> 0:50:55.520
<v Speaker 2>Cool.

0:50:55.640 --> 0:50:59.280
<v Speaker 4>All right, So as far as the jury business, it's interesting,

0:50:59.360 --> 0:51:01.560
<v Speaker 4>especially in New York with the domitancy. Everybody is so

0:51:01.640 --> 0:51:04.760
<v Speaker 4>close together. But you said it's kind of a community

0:51:04.800 --> 0:51:08.239
<v Speaker 4>because everybody knows each other. Correct, So how does that

0:51:08.280 --> 0:51:11.279
<v Speaker 4>work as far as competition, because you're saying that, like

0:51:11.760 --> 0:51:13.880
<v Speaker 4>these guys helped fund you, but you're also kind of

0:51:13.920 --> 0:51:14.600
<v Speaker 4>their competition.

0:51:14.719 --> 0:51:17.280
<v Speaker 2>So I'm interesting. Interesting.

0:51:17.360 --> 0:51:19.640
<v Speaker 6>You know, we had moved the company a few about

0:51:19.680 --> 0:51:24.279
<v Speaker 6>sixteen blocks off the Diamond District, and the numbers at

0:51:24.360 --> 0:51:28.200
<v Speaker 6>one point plummeted. I couldn't understand why because I was

0:51:28.280 --> 0:51:30.239
<v Speaker 6>I was saying, again, now I'm looking at it from

0:51:30.480 --> 0:51:34.359
<v Speaker 6>from a business standpoint. I love what I do that,

0:51:34.400 --> 0:51:37.960
<v Speaker 6>but now it was about business and keeping my employees fed,

0:51:38.200 --> 0:51:40.440
<v Speaker 6>keeping their families, giving their checks coming home, and I

0:51:40.239 --> 0:51:43.799
<v Speaker 6>have to figure that out. So I'm trying to figure

0:51:43.800 --> 0:51:46.759
<v Speaker 6>out why and move. We moved because of it was

0:51:46.800 --> 0:51:51.719
<v Speaker 6>like a lot of competition. But what I realized where

0:51:51.719 --> 0:51:55.759
<v Speaker 6>I was, I had moved to Chelsea area. So when

0:51:55.800 --> 0:52:01.600
<v Speaker 6>you think jewelry, you don't think Chelsea. So I moved

0:52:01.640 --> 0:52:07.320
<v Speaker 6>myself out of the consumer traffic pattern. You know, and

0:52:07.360 --> 0:52:10.000
<v Speaker 6>not only that, all the materials I needed to operate

0:52:10.040 --> 0:52:12.200
<v Speaker 6>on a day to day basis came from this. So

0:52:12.239 --> 0:52:15.160
<v Speaker 6>now I'm paying someone to travel up there get materials.

0:52:15.160 --> 0:52:18.360
<v Speaker 6>So I'm losing time, you know, And that's that's the commodity.

0:52:19.840 --> 0:52:22.520
<v Speaker 6>And in business they say we broke even. I don't

0:52:22.520 --> 0:52:24.440
<v Speaker 6>believe in breaking even because you lost time and you'll

0:52:24.480 --> 0:52:28.560
<v Speaker 6>never get time back, right, So I started realizing that,

0:52:28.640 --> 0:52:31.920
<v Speaker 6>and then when I moved back there, it.

0:52:31.960 --> 0:52:36.400
<v Speaker 2>Was almost it was almost.

0:52:35.680 --> 0:52:39.759
<v Speaker 6>Immediate, like within the same week. What happens is you

0:52:39.800 --> 0:52:43.319
<v Speaker 6>get an overflow of work. You know, before I could

0:52:43.360 --> 0:52:46.320
<v Speaker 6>say all right, screen someone hire someone, I could send

0:52:46.320 --> 0:52:48.640
<v Speaker 6>the work upstairs. I could send the work around the

0:52:48.640 --> 0:52:51.920
<v Speaker 6>corner to help me facilitate. So now I had like

0:52:52.120 --> 0:52:55.439
<v Speaker 6>working hands. All the materials I need are right there.

0:52:55.719 --> 0:52:58.799
<v Speaker 6>The skilled workers are like walking up and had a

0:52:58.840 --> 0:53:01.520
<v Speaker 6>problem finding workers because they would not they wouldn't venture

0:53:01.600 --> 0:53:06.120
<v Speaker 6>off into into you know, say Chelsea. Where where are

0:53:06.120 --> 0:53:08.400
<v Speaker 6>you finding these skilled workers? Are they coming out of

0:53:08.400 --> 0:53:11.640
<v Speaker 6>a specific school or is there some type of technicians

0:53:11.680 --> 0:53:14.520
<v Speaker 6>something they come with from there from like their their

0:53:14.600 --> 0:53:17.840
<v Speaker 6>their countries. They were a lot of people that that

0:53:18.040 --> 0:53:21.560
<v Speaker 6>do craftsmanship and stuff. They started young. Most people and

0:53:21.600 --> 0:53:23.799
<v Speaker 6>it's like their families and you know, taught them and

0:53:23.840 --> 0:53:29.440
<v Speaker 6>things like that. But being in this hub actually actually

0:53:29.440 --> 0:53:33.080
<v Speaker 6>made my number spike because everything I needed was right there.

0:53:33.239 --> 0:53:37.000
<v Speaker 6>So what happens is instead of competing act it might

0:53:37.120 --> 0:53:40.440
<v Speaker 6>look if you walk the street, you'll see gorilla marketing here.

0:53:40.480 --> 0:53:42.200
<v Speaker 6>You come in here, come in here, you know, you

0:53:42.280 --> 0:53:45.719
<v Speaker 6>feel uncomfortable. But when you go upstairs, on a manufacturing standpoint,

0:53:45.960 --> 0:53:50.880
<v Speaker 6>we're working together. So I'm able to produce faster, you know, faster, cheaper,

0:53:50.960 --> 0:53:55.160
<v Speaker 6>and again all my materials, everything I need is right there,

0:53:55.760 --> 0:53:58.080
<v Speaker 6>you know. And I can only speak for the manufacturing sector.

0:53:58.200 --> 0:54:00.080
<v Speaker 6>I don't know what it'd be like to have a

0:54:00.000 --> 0:54:01.759
<v Speaker 6>I always said that this guy has a booth, this

0:54:01.800 --> 0:54:03.879
<v Speaker 6>guy has a booth, and they're all selling the same thing.

0:54:04.280 --> 0:54:05.400
<v Speaker 2>I don't know about that.

0:54:05.440 --> 0:54:11.200
<v Speaker 6>But from a manufacturing standpoint, having other manufacturers around me, uh,

0:54:12.320 --> 0:54:13.440
<v Speaker 6>it makes me stronger.

0:54:13.520 --> 0:54:14.240
<v Speaker 2>It makes me stronger.

0:54:14.320 --> 0:54:16.720
<v Speaker 5>You said, one of the biggest pieces to your success

0:54:17.239 --> 0:54:20.279
<v Speaker 5>is having the mentorship. Obviously your dad had, you know,

0:54:20.360 --> 0:54:22.920
<v Speaker 5>the man that you guys he was working for, he

0:54:23.000 --> 0:54:23.640
<v Speaker 5>mentored you.

0:54:24.120 --> 0:54:26.120
<v Speaker 2>Are you at the stage where you are.

0:54:26.320 --> 0:54:29.600
<v Speaker 5>Mentoring someone or is it like a mentoring like program

0:54:29.640 --> 0:54:30.400
<v Speaker 5>within your business.

0:54:30.440 --> 0:54:30.920
<v Speaker 2>Well, no not.

0:54:31.200 --> 0:54:33.640
<v Speaker 6>And again I've been a lot of people have emailed

0:54:33.960 --> 0:54:36.400
<v Speaker 6>wanting to in turn wanting to just see what a

0:54:36.520 --> 0:54:38.879
<v Speaker 6>day actually they did apport on me like a day

0:54:38.880 --> 0:54:41.760
<v Speaker 6>in the life of what I do, which is flattering,

0:54:41.800 --> 0:54:45.760
<v Speaker 6>which is flattering. But I still consider myself still still growing,

0:54:46.320 --> 0:54:50.280
<v Speaker 6>you know, still learning, still adapting, you know, to an

0:54:50.560 --> 0:54:53.880
<v Speaker 6>you know that industry is it's old fashioned, but it's changing.

0:54:53.920 --> 0:54:59.239
<v Speaker 6>So I'm still adapting. And again not my quote, but

0:54:59.440 --> 0:55:02.480
<v Speaker 6>overnight ccess is like fifteen twenty years, you have to

0:55:02.560 --> 0:55:07.399
<v Speaker 6>know your business inside out and and you know that's

0:55:07.440 --> 0:55:10.040
<v Speaker 6>that's definitely the next step as I continue again, I'm

0:55:10.040 --> 0:55:12.280
<v Speaker 6>going to branch out into more like investing and things

0:55:12.320 --> 0:55:16.200
<v Speaker 6>like that. So it'd be it'd be awesome to show

0:55:16.280 --> 0:55:19.479
<v Speaker 6>what I've learned, you know, to someone else, absolutely, because

0:55:19.520 --> 0:55:22.399
<v Speaker 6>again that's that was the key. It was mentor ship.

0:55:23.160 --> 0:55:26.680
<v Speaker 6>Looking at someone do something day in and day out,

0:55:27.080 --> 0:55:30.920
<v Speaker 6>you know, watch the routines that they do, and routine

0:55:30.920 --> 0:55:33.239
<v Speaker 6>builds character. You know, you got you know, you stick

0:55:33.280 --> 0:55:38.520
<v Speaker 6>with something and basically mimboring them, mimicking them. You find

0:55:38.560 --> 0:55:43.279
<v Speaker 6>someone successful and copy them. That's that's to me too.

0:55:43.440 --> 0:55:46.080
<v Speaker 6>That's what I did, and that's the fastest way, fastest

0:55:46.080 --> 0:55:47.440
<v Speaker 6>way to climb a ladder.

0:55:47.840 --> 0:55:50.040
<v Speaker 2>You know. Shoty said that that was one of like

0:55:50.200 --> 0:55:51.560
<v Speaker 2>his great analogy.

0:55:51.600 --> 0:55:53.040
<v Speaker 5>It was like when we're in school, it's it not

0:55:53.120 --> 0:55:57.120
<v Speaker 5>to copy right business, you actually should should I be.

0:55:57.239 --> 0:55:59.840
<v Speaker 2>Careful who you copy? Be careful who you copy.

0:56:00.360 --> 0:56:03.200
<v Speaker 6>You know, whatever you're around that that's gonna rub off

0:56:03.239 --> 0:56:06.160
<v Speaker 6>on you. You know, you could learn to be the

0:56:06.160 --> 0:56:10.400
<v Speaker 6>best crook. I mean whatever, But but you force yourself

0:56:10.440 --> 0:56:15.279
<v Speaker 6>around people you know that inspire you, you know, and

0:56:15.440 --> 0:56:17.520
<v Speaker 6>you need to be inspired. I mean, you're not going

0:56:17.560 --> 0:56:19.640
<v Speaker 6>to to run an operation.

0:56:19.800 --> 0:56:22.080
<v Speaker 2>To control a bit just means you're dealing. You're dealing

0:56:22.080 --> 0:56:22.800
<v Speaker 2>with a lot of people.

0:56:22.800 --> 0:56:27.520
<v Speaker 6>You're dealing again being a being a boss, being a

0:56:27.600 --> 0:56:28.520
<v Speaker 6>leader of a company.

0:56:29.080 --> 0:56:31.120
<v Speaker 2>I mean you're wearing a lot of hats.

0:56:31.800 --> 0:56:33.920
<v Speaker 6>Yes, it's all about the numbers, but those numbers are

0:56:33.920 --> 0:56:35.680
<v Speaker 6>not going to come if the employees are not happy.

0:56:36.640 --> 0:56:39.520
<v Speaker 6>You need to sometime be a therapist to an employee.

0:56:39.680 --> 0:56:42.239
<v Speaker 6>You got to be a referee, You got to be,

0:56:42.480 --> 0:56:45.840
<v Speaker 6>you know, a mediator. You know, you have twenty thirty

0:56:45.840 --> 0:56:50.800
<v Speaker 6>people working under one roof, you know, and you're the leader.

0:56:50.920 --> 0:56:55.200
<v Speaker 6>You have to be sympathetic, you know. Sometimes sometimes you

0:56:55.239 --> 0:56:57.480
<v Speaker 6>have to deem someone not good for the team.

0:56:57.920 --> 0:56:59.239
<v Speaker 2>You have to you have to let them go.

0:56:59.360 --> 0:57:04.920
<v Speaker 6>I mean, it's a lot of uncomfortable conversations as you

0:57:05.360 --> 0:57:06.640
<v Speaker 6>rise in business.

0:57:07.960 --> 0:57:09.680
<v Speaker 3>That's a fact. Uncomfortable conversations.

0:57:10.800 --> 0:57:12.279
<v Speaker 2>That's a lot.

0:57:13.120 --> 0:57:17.760
<v Speaker 3>That's a fact. So all right, So if somebody is.

0:57:19.480 --> 0:57:22.720
<v Speaker 4>They have an idea to make a jury line like

0:57:22.760 --> 0:57:26.440
<v Speaker 4>eyo jury line, right, Okay, you're gonna you can supply us,

0:57:26.560 --> 0:57:28.280
<v Speaker 4>right absolutely, But first.

0:57:28.080 --> 0:57:31.280
<v Speaker 6>We have to actually draw up the mock up like

0:57:31.320 --> 0:57:34.320
<v Speaker 6>what we like. We have to create the logo. You

0:57:34.360 --> 0:57:36.080
<v Speaker 6>would have to find it. I don't know if it

0:57:36.200 --> 0:57:38.840
<v Speaker 6>be you yourself or get some finding artists to create

0:57:38.880 --> 0:57:42.560
<v Speaker 6>the logo. Trademarket correct, next up correct and then once

0:57:42.600 --> 0:57:45.680
<v Speaker 6>you even before that, I mean we could again we

0:57:45.760 --> 0:57:48.960
<v Speaker 6>can play with different things, can change, you know, trademark

0:57:49.040 --> 0:57:50.240
<v Speaker 6>something and then you like, you know, I don't even

0:57:50.280 --> 0:57:53.280
<v Speaker 6>like this anymore. So once you agree on on the

0:57:53.400 --> 0:57:55.919
<v Speaker 6>on the design, which you'll be holding them in your hand,

0:57:56.680 --> 0:57:58.480
<v Speaker 6>you know, before before you get to the point of

0:57:58.520 --> 0:58:01.760
<v Speaker 6>trademarking it. And but yeah, so you would give me

0:58:01.800 --> 0:58:03.840
<v Speaker 6>the drawing, I would give you the piece.

0:58:03.680 --> 0:58:06.280
<v Speaker 4>Back okay, and all right, So and you said, like

0:58:06.840 --> 0:58:09.120
<v Speaker 4>on average, if it's three times markup, so I buy

0:58:09.160 --> 0:58:10.480
<v Speaker 4>it for you from thirty, I'll seller.

0:58:10.280 --> 0:58:12.240
<v Speaker 2>For ninety correct, correct?

0:58:12.520 --> 0:58:15.520
<v Speaker 6>I mean that's that's not a written rule, right, yeah, industry,

0:58:15.520 --> 0:58:17.760
<v Speaker 6>but it's reasonable reasonable.

0:58:17.840 --> 0:58:19.560
<v Speaker 2>Yeah, Why is that reasonable?

0:58:19.680 --> 0:58:20.880
<v Speaker 3>I seem like a pretty high mark up.

0:58:21.040 --> 0:58:24.320
<v Speaker 6>Well, because they have their overhead. They have to spend

0:58:24.360 --> 0:58:28.080
<v Speaker 6>money to build a brand. The brand needs promotion they're

0:58:28.120 --> 0:58:30.880
<v Speaker 6>gonna have. Again, it's it's it's B to B right.

0:58:30.960 --> 0:58:33.720
<v Speaker 6>So I'm in theory, you guys would be you guys

0:58:33.760 --> 0:58:36.120
<v Speaker 6>would be a business. I'm selling to a business. You

0:58:36.160 --> 0:58:39.400
<v Speaker 6>guys have operating costs. You don't have employees. I mean

0:58:40.080 --> 0:58:43.480
<v Speaker 6>you need websites. You need so they have to and

0:58:43.520 --> 0:58:46.120
<v Speaker 6>if they and if they don't have capital, they can't

0:58:46.120 --> 0:58:48.640
<v Speaker 6>promote the business. You know, you need capital too, You

0:58:48.680 --> 0:58:51.360
<v Speaker 6>need capital to operate, even even if you could promote

0:58:51.360 --> 0:58:53.120
<v Speaker 6>online for free to operate.

0:58:53.440 --> 0:58:55.120
<v Speaker 4>So, if I wanted a custom piece of jurey, it's

0:58:55.160 --> 0:58:58.080
<v Speaker 4>cheaper to go to you correctly, correct, get much much

0:58:58.200 --> 0:58:59.280
<v Speaker 4>much cheaper, much cheaper.

0:58:59.400 --> 0:59:00.360
<v Speaker 3>How does somebody do that?

0:59:00.640 --> 0:59:00.720
<v Speaker 2>So?

0:59:00.920 --> 0:59:03.520
<v Speaker 6>Well, again, you'd have to know, you'd have to I

0:59:03.360 --> 0:59:04.920
<v Speaker 6>mean I would have I would, I would have to

0:59:04.920 --> 0:59:06.000
<v Speaker 6>give it drawn up first.

0:59:06.080 --> 0:59:06.360
<v Speaker 2>Correct.

0:59:06.360 --> 0:59:07.680
<v Speaker 3>I can't go to you and say, can you make

0:59:07.680 --> 0:59:08.600
<v Speaker 3>me a gold chain?

0:59:09.080 --> 0:59:12.960
<v Speaker 6>Now I do have someone there that can do drawings,

0:59:14.040 --> 0:59:16.080
<v Speaker 6>but it's better if you would just bring the idea

0:59:16.440 --> 0:59:18.960
<v Speaker 6>and even if it's a rough sketch. And then at

0:59:18.960 --> 0:59:22.120
<v Speaker 6>that point then we go into three D modeling. Cat design.

0:59:22.760 --> 0:59:24.440
<v Speaker 6>You'll see it on a computer, you'll prove it from

0:59:24.440 --> 0:59:27.160
<v Speaker 6>a computer. Then you'll prove it in your hand with

0:59:27.240 --> 0:59:30.000
<v Speaker 6>a wax. We can control the price point because the

0:59:30.040 --> 0:59:32.240
<v Speaker 6>price will come from its weight.

0:59:32.400 --> 0:59:34.360
<v Speaker 2>So in the cat design, the.

0:59:34.360 --> 0:59:36.480
<v Speaker 6>Computer will tell you what it's going to weigh, and

0:59:36.520 --> 0:59:38.280
<v Speaker 6>we can make it lighter. We can make so we

0:59:38.320 --> 0:59:41.320
<v Speaker 6>could control the price before we even put anything on

0:59:41.360 --> 0:59:44.360
<v Speaker 6>the table. The only upfront court would be the cat

0:59:44.480 --> 0:59:48.760
<v Speaker 6>designing and the printing of waxes. How you want five

0:59:48.840 --> 0:59:51.120
<v Speaker 6>hundred one thousand bucks and you have a piece in

0:59:51.160 --> 0:59:54.640
<v Speaker 6>your hand, you have a prototype, you know, and you

0:59:54.680 --> 0:59:57.400
<v Speaker 6>can start off with cheaper metals like brass. You know

0:59:57.600 --> 1:00:00.120
<v Speaker 6>once you wouldn't you wouldn't play with gold until you

1:00:01.480 --> 1:00:04.600
<v Speaker 6>are positive and things like that. So you make the

1:00:04.640 --> 1:00:05.080
<v Speaker 6>first one.

1:00:05.160 --> 1:00:07.040
<v Speaker 5>Let's just say it's a ey L pending and it's

1:00:07.080 --> 1:00:09.320
<v Speaker 5>like Shotty gets when I get one, and then if

1:00:09.320 --> 1:00:10.800
<v Speaker 5>we put it out, then you mass.

1:00:10.640 --> 1:00:12.480
<v Speaker 6>Produce it, and were mass produce it, so you'll get

1:00:12.480 --> 1:00:15.760
<v Speaker 6>an order. And now again you'd have to hire I

1:00:15.800 --> 1:00:18.560
<v Speaker 6>mean people to you can do it yourself to a

1:00:18.560 --> 1:00:22.400
<v Speaker 6>certain extent. But then let's say someone says, listen, we

1:00:22.520 --> 1:00:25.480
<v Speaker 6>want to give this at an event. Again, it would

1:00:25.520 --> 1:00:27.760
<v Speaker 6>be brass. It's not going to be gold. You know,

1:00:27.960 --> 1:00:30.400
<v Speaker 6>it would be a low ticket item. But but still

1:00:30.440 --> 1:00:32.520
<v Speaker 6>you just want your logo out there, you know, in

1:00:32.600 --> 1:00:37.919
<v Speaker 6>metal form. Right, So so at that point, yeah, we would,

1:00:37.920 --> 1:00:39.800
<v Speaker 6>we would mass produce it. At that point, what can

1:00:40.080 --> 1:00:41.080
<v Speaker 6>so what can you make?

1:00:41.600 --> 1:00:42.120
<v Speaker 2>What you can make?

1:00:42.160 --> 1:00:42.480
<v Speaker 3>A watch?

1:00:43.520 --> 1:00:44.680
<v Speaker 2>Watches? No, we don't make.

1:00:44.720 --> 1:00:47.280
<v Speaker 6>We don't make why watches are made by those brands whoever,

1:00:47.280 --> 1:00:49.520
<v Speaker 6>We don't know who makes it, you know, but I

1:00:49.560 --> 1:00:52.560
<v Speaker 6>guess you know Rolex protect. Those are their you make

1:00:52.600 --> 1:00:57.360
<v Speaker 6>like rings and rings, pendants, bracelets, charms, air rings.

1:01:00.320 --> 1:01:03.600
<v Speaker 4>Anyway, So there's a lot of talk about a pending recession,

1:01:04.240 --> 1:01:08.200
<v Speaker 4>and I assume that that would have a drastic impact

1:01:08.200 --> 1:01:10.720
<v Speaker 4>on the jury business, because that's that's explainable. You don't

1:01:10.720 --> 1:01:13.680
<v Speaker 4>need a jewey, right, right, But you were around through

1:01:13.680 --> 1:01:15.080
<v Speaker 4>the last recession, right two thousand and eight.

1:01:15.120 --> 1:01:17.480
<v Speaker 3>Yeah, how does economic downto?

1:01:18.480 --> 1:01:20.280
<v Speaker 2>So that's what happened. It made me change.

1:01:20.520 --> 1:01:23.200
<v Speaker 6>First we would only do silver and gold, but in

1:01:23.200 --> 1:01:27.440
<v Speaker 6>a recession, it was like, again, no one's buying not

1:01:27.440 --> 1:01:30.960
<v Speaker 6>buying precious metals. So that's when what we did was

1:01:31.000 --> 1:01:33.200
<v Speaker 6>we got very creative. A lot of people got creative,

1:01:33.200 --> 1:01:37.439
<v Speaker 6>and we started manufacturing brass. So brass gives the look

1:01:37.920 --> 1:01:42.200
<v Speaker 6>of gold, it's yellow, but you could do big pieces

1:01:42.320 --> 1:01:44.920
<v Speaker 6>like a lot of ladies wear, like big cuffs and

1:01:44.920 --> 1:01:49.520
<v Speaker 6>stuff like that. So we started manufacturing brass. So so

1:01:49.680 --> 1:01:55.920
<v Speaker 6>now let's say you would make a thirty dollars cuff,

1:01:56.360 --> 1:02:00.040
<v Speaker 6>a thirty dollar airring, but you do ten thousand of that.

1:02:00.040 --> 1:02:01.160
<v Speaker 2>That's how you're surviving.

1:02:01.200 --> 1:02:03.720
<v Speaker 6>People can in a recession, they can afford a thirty

1:02:03.760 --> 1:02:07.600
<v Speaker 6>dollars earring, you know, whereas opposed there was a fifty

1:02:07.640 --> 1:02:11.080
<v Speaker 6>thousand dollars chain and you have enormous markups and things

1:02:11.120 --> 1:02:11.439
<v Speaker 6>like that.

1:02:12.000 --> 1:02:13.760
<v Speaker 2>So that's how we were. But you have to be creative.

1:02:13.800 --> 1:02:14.600
<v Speaker 2>You have to be creative.

1:02:14.680 --> 1:02:18.920
<v Speaker 6>That that costume jewelry, that costume jewelry is also saved

1:02:19.040 --> 1:02:20.240
<v Speaker 6>save you saved.

1:02:19.960 --> 1:02:22.680
<v Speaker 2>Me costume Jewey is a huge market and it's expensive now.

1:02:22.720 --> 1:02:26.320
<v Speaker 6>I mean I'm saying, I'm saying these numbers for back

1:02:26.400 --> 1:02:28.520
<v Speaker 6>then and things like that. But you go in the

1:02:28.600 --> 1:02:32.520
<v Speaker 6>store and buy an eight hundred dollars, you know, brass

1:02:32.560 --> 1:02:36.920
<v Speaker 6>pair of earrings depending on whatever brand it is, and

1:02:36.960 --> 1:02:38.760
<v Speaker 6>they demand that mouthful it get it.

1:02:38.760 --> 1:02:41.760
<v Speaker 2>So it's it's not even say silver silver.

1:02:41.960 --> 1:02:44.760
<v Speaker 6>So that that's how we started selling lower ticket items

1:02:45.960 --> 1:02:48.880
<v Speaker 6>by volume, and that's how I got.

1:02:48.640 --> 1:02:53.920
<v Speaker 2>Through that no good plant. To get creative, you got

1:02:53.920 --> 1:02:54.800
<v Speaker 2>to play above the water.

1:02:55.480 --> 1:02:56.000
<v Speaker 3>That's dope.

1:02:56.320 --> 1:02:59.520
<v Speaker 4>So all right, so what's your as far as like,

1:02:59.560 --> 1:03:02.280
<v Speaker 4>if someone wants to reach out to you, how can

1:03:02.320 --> 1:03:05.200
<v Speaker 4>they find like? Because you're in an industry that's not

1:03:05.240 --> 1:03:07.760
<v Speaker 4>really marketable for the most part, right right right, you're

1:03:07.800 --> 1:03:10.040
<v Speaker 4>breaking the mold because you know, obviously you're younger and

1:03:10.120 --> 1:03:12.280
<v Speaker 4>probably you know you have a different whole vibe.

1:03:12.800 --> 1:03:15.720
<v Speaker 3>So how can somebody like find you?

1:03:16.000 --> 1:03:16.080
<v Speaker 5>Like?

1:03:16.240 --> 1:03:17.280
<v Speaker 3>As far as.

1:03:17.600 --> 1:03:20.120
<v Speaker 6>Well, if this day and age is social media, social media,

1:03:20.440 --> 1:03:21.720
<v Speaker 6>but it's always been word of mouth.

1:03:21.840 --> 1:03:23.000
<v Speaker 2>It's always been word of mouth.

1:03:24.920 --> 1:03:28.240
<v Speaker 6>Right again, because even say a jeweler or a designer,

1:03:28.280 --> 1:03:31.320
<v Speaker 6>they're gonna hide me, They're not gonna they're gonna they'll

1:03:31.320 --> 1:03:34.680
<v Speaker 6>give me the business, but they won't say, you know

1:03:34.800 --> 1:03:36.960
<v Speaker 6>who who didn't work. So if someone, let's say you

1:03:37.000 --> 1:03:39.840
<v Speaker 6>were an entrepreneur or or you wanted to create your

1:03:39.880 --> 1:03:42.320
<v Speaker 6>own line, or you just wanted to get a good

1:03:42.320 --> 1:03:45.120
<v Speaker 6>price on on something and skip the middle man, then

1:03:45.160 --> 1:03:47.720
<v Speaker 6>you do a little bit of homework. You know, now

1:03:47.760 --> 1:03:52.160
<v Speaker 6>you can hashtag jewelry making, jewelir manufacturing, and then you know,

1:03:52.200 --> 1:03:54.160
<v Speaker 6>I would definitely pop up at that point. And again,

1:03:54.520 --> 1:03:57.480
<v Speaker 6>my you can email me info at JC jewelry dot

1:03:57.480 --> 1:04:01.400
<v Speaker 6>com and we take it from there. And again I'm

1:04:01.440 --> 1:04:06.760
<v Speaker 6>definitely I don't have much competition in this industry where

1:04:06.760 --> 1:04:09.400
<v Speaker 6>it comes to like social media and stuff like that,

1:04:09.400 --> 1:04:12.360
<v Speaker 6>because most of these companies they're not gonna they're not

1:04:12.360 --> 1:04:16.080
<v Speaker 6>gonna promote so because they don't need to, or well

1:04:16.680 --> 1:04:19.640
<v Speaker 6>because of all the what I just explained is promote

1:04:19.680 --> 1:04:20.680
<v Speaker 6>what right, right, right.

1:04:20.760 --> 1:04:22.720
<v Speaker 5>I'm just saying I'm thinking in terms of like they

1:04:22.760 --> 1:04:26.080
<v Speaker 5>probably have been customer, they have more established car and

1:04:26.120 --> 1:04:29.680
<v Speaker 5>their customers will continue to promote themselves and then the

1:04:29.760 --> 1:04:30.720
<v Speaker 5>kickback is the work.

1:04:30.800 --> 1:04:31.000
<v Speaker 2>You know.

1:04:31.120 --> 1:04:34.400
<v Speaker 6>But again for me, again, those those now those companies

1:04:34.400 --> 1:04:38.080
<v Speaker 6>have been around for the grandfather's grandfather's grandfather. You know,

1:04:39.280 --> 1:04:42.320
<v Speaker 6>they're one hundred year old. Most of those businesses one

1:04:42.360 --> 1:04:45.000
<v Speaker 6>hundred year old businesses. You know, for me saying I've

1:04:45.000 --> 1:04:47.160
<v Speaker 6>been doing this for twenty twenty five years, I mean

1:04:47.200 --> 1:04:51.160
<v Speaker 6>that that that pills and you know, the first generation young.

1:04:51.960 --> 1:04:55.480
<v Speaker 4>What's what's the clientele breakdown percentage wise is like eighty

1:04:55.520 --> 1:04:58.200
<v Speaker 4>percent designers.

1:04:58.320 --> 1:05:01.680
<v Speaker 2>Regular people that just want designers, design, designer.

1:05:03.000 --> 1:05:07.760
<v Speaker 6>Correct, that's my designers, entrepreneurs and even startups, like a

1:05:07.760 --> 1:05:12.440
<v Speaker 6>lot of startup companies and you know, but but now

1:05:12.560 --> 1:05:14.840
<v Speaker 6>you know, I'm starting to get calls from from people

1:05:14.880 --> 1:05:15.920
<v Speaker 6>that's just trying to skip.

1:05:15.720 --> 1:05:16.240
<v Speaker 2>The middle man.

1:05:16.480 --> 1:05:20.720
<v Speaker 6>How many brands in the portfolio, it's a lot. It's

1:05:21.000 --> 1:05:25.040
<v Speaker 6>it's like twenty years of brands. So I don't have

1:05:25.080 --> 1:05:28.920
<v Speaker 6>a number on that, but so over maybe they're not

1:05:29.000 --> 1:05:32.720
<v Speaker 6>ordering on an everyday basis, but like over fifty fifty brands.

1:05:33.320 --> 1:05:36.640
<v Speaker 6>And but yeah, now you have to understand there are

1:05:36.640 --> 1:05:38.440
<v Speaker 6>some people that don't want to skip the middle man

1:05:38.480 --> 1:05:41.959
<v Speaker 6>because the jeweler that they trust and they've been going

1:05:42.000 --> 1:05:45.680
<v Speaker 6>to for years, actually they don't do they'll the jeweler

1:05:45.720 --> 1:05:48.120
<v Speaker 6>will do that backward. Get the cat designed, get it,

1:05:48.320 --> 1:05:52.120
<v Speaker 6>draw it design it. Some people don't have time for that.

1:05:52.160 --> 1:05:54.840
<v Speaker 6>They just want to see it finished product, you know.

1:05:55.000 --> 1:05:57.240
<v Speaker 6>But if you if you have a little bit more

1:05:57.320 --> 1:05:59.600
<v Speaker 6>foresight and you want to do the designing because it

1:05:59.640 --> 1:06:02.120
<v Speaker 6>is work, then you would come to somebody like me

1:06:02.160 --> 1:06:02.640
<v Speaker 6>and you're safe.

1:06:02.720 --> 1:06:05.960
<v Speaker 3>So you can potentially say sixty by going to somebody

1:06:05.960 --> 1:06:06.160
<v Speaker 3>like you.

1:06:06.680 --> 1:06:10.600
<v Speaker 2>Absolutely, absolutely absolutely.

1:06:10.160 --> 1:06:13.760
<v Speaker 6>And depending on how aggressive you're you're, the person you're

1:06:13.760 --> 1:06:16.520
<v Speaker 6>buying from is maybe even more. I mean, like I said,

1:06:16.520 --> 1:06:20.080
<v Speaker 6>these mark ups could be three times or more, you know.

1:06:20.200 --> 1:06:23.320
<v Speaker 6>So you're coming to a manufacturer, you know. So if

1:06:23.360 --> 1:06:26.080
<v Speaker 6>you go to you know, Raymond and Flann again, they

1:06:26.120 --> 1:06:28.440
<v Speaker 6>didn't you know, they have a factory where that's me,

1:06:28.680 --> 1:06:32.760
<v Speaker 6>it's like you skip them, you know, you skip the brand.

1:06:33.560 --> 1:06:37.040
<v Speaker 4>So all right, so it's powerful, man, I appreciate you

1:06:37.080 --> 1:06:40.280
<v Speaker 4>coming in. So contact information, social media handles all that

1:06:40.360 --> 1:06:41.680
<v Speaker 4>information for okay.

1:06:41.720 --> 1:06:44.400
<v Speaker 6>So yeah, so basically, if you want to contact me,

1:06:44.440 --> 1:06:50.160
<v Speaker 6>it's info at ajcjewelry dot com. The Instagram handle is

1:06:50.200 --> 1:06:53.360
<v Speaker 6>a JC Jewelry. That's pretty much it. That's how you

1:06:53.400 --> 1:06:55.880
<v Speaker 6>would contact me on my business this wedding season, y'all.

1:06:55.920 --> 1:06:57.760
<v Speaker 6>So if you need to hit them up.

1:07:00.040 --> 1:07:03.040
<v Speaker 4>Also, but more importantly aspiring entrepreneurs that want to become

1:07:03.080 --> 1:07:06.760
<v Speaker 4>absolutely jewelry designers that you got.

1:07:06.880 --> 1:07:08.320
<v Speaker 3>You gotta reach out to the source. You gotta get

1:07:08.320 --> 1:07:11.440
<v Speaker 3>it from somebody. Why not? Why not?

1:07:11.680 --> 1:07:13.400
<v Speaker 2>Don't say we didn't We didn't tell you who?

1:07:15.240 --> 1:07:15.479
<v Speaker 3>Troy?

1:07:16.600 --> 1:07:16.960
<v Speaker 2>Yeah, Yeah.

1:07:16.960 --> 1:07:19.600
<v Speaker 5>Shout to everybody on Patreon dot com. That's our Proud

1:07:19.600 --> 1:07:22.000
<v Speaker 5>to Pay program. It has grown. We had a community

1:07:22.040 --> 1:07:23.360
<v Speaker 5>on there, y'all. So I just want to give a

1:07:23.360 --> 1:07:25.800
<v Speaker 5>shout out, huge shout out to some of our Tier

1:07:25.880 --> 1:07:29.240
<v Speaker 5>five members, Joseph and Markel. They have joined at Tier five,

1:07:29.320 --> 1:07:32.360
<v Speaker 5>so you know that now at Tier five you have

1:07:32.640 --> 1:07:36.360
<v Speaker 5>access to e y l University, our online website where

1:07:36.400 --> 1:07:39.880
<v Speaker 5>we have courses, live webinars, and you'll be able to

1:07:39.880 --> 1:07:42.760
<v Speaker 5>live stream our workshops. So shout out to y'all. And

1:07:43.160 --> 1:07:46.000
<v Speaker 5>Christian who was a Tier four member and Janice who

1:07:46.040 --> 1:07:48.400
<v Speaker 5>was actually on ey L University when we did our

1:07:48.400 --> 1:07:52.080
<v Speaker 5>webinar about getting in the podcasting game. She said, you know,

1:07:52.160 --> 1:07:54.200
<v Speaker 5>she gave up her membership at the gym to come

1:07:54.480 --> 1:07:56.920
<v Speaker 5>to e y L. So thank you for joining and

1:07:57.000 --> 1:08:00.320
<v Speaker 5>keep supporting that. And uh earn Leisure dot com merches

1:08:00.400 --> 1:08:04.160
<v Speaker 5>up there. We are wearing our winter season merch is

1:08:04.280 --> 1:08:07.680
<v Speaker 5>cold in New York, so we have on our sweatshirts.

1:08:07.920 --> 1:08:09.360
<v Speaker 5>He has the hoodie on, I have the crew neck

1:08:10.160 --> 1:08:12.120
<v Speaker 5>and we added some more things on there. Our Earner's

1:08:12.120 --> 1:08:15.200
<v Speaker 5>shirt is coming. So shout out to everybody that'support you know,

1:08:15.280 --> 1:08:20.200
<v Speaker 5>the earners, our our community of supporters. They they find

1:08:20.280 --> 1:08:23.120
<v Speaker 5>our guests, our alumni and they support man.

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<v Speaker 2>So be ready.

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<v Speaker 4>And also e YO University is something that we're extremely

1:08:28.960 --> 1:08:33.880
<v Speaker 4>excited about. That's really really dope interactive platform where you know,

1:08:34.040 --> 1:08:36.080
<v Speaker 4>we bring We have three classes a week right now.

1:08:36.720 --> 1:08:39.919
<v Speaker 4>Matt teaches a class every Monday or real estate investing,

1:08:40.240 --> 1:08:43.280
<v Speaker 4>and then Wednesdays of floating class depending on different topic

1:08:43.320 --> 1:08:47.000
<v Speaker 4>from a different investment instructor. Every single week we have

1:08:47.080 --> 1:08:49.800
<v Speaker 4>everything from life insurance to mobile home, taught me well

1:08:49.880 --> 1:08:55.280
<v Speaker 4>to notary probably won't have mobile home and law will

1:08:55.720 --> 1:08:59.439
<v Speaker 4>credit credit, got it all, got it all. And then

1:08:59.520 --> 1:09:02.040
<v Speaker 4>me and Troy teaching class every Friday. May move that

1:09:02.080 --> 1:09:02.559
<v Speaker 4>to a Thursday.

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<v Speaker 2>Yeah, we put it on.

1:09:04.439 --> 1:09:06.720
<v Speaker 4>And that's also on a variety of different topics. So

1:09:06.720 --> 1:09:08.880
<v Speaker 4>the good thing about the YA University is as interactive

1:09:08.920 --> 1:09:12.120
<v Speaker 4>so it's on zoom so you can actually ask questions

1:09:12.120 --> 1:09:14.160
<v Speaker 4>and get a manswered, and it's a whole. It's a

1:09:14.160 --> 1:09:18.000
<v Speaker 4>whole interactive vibe. So yes, that is that, and thank

1:09:18.040 --> 1:09:19.680
<v Speaker 4>you guys for rocking with us. We'll see you next week.

1:09:19.720 --> 1:09:19.960
<v Speaker 3>Peace.

1:09:20.040 --> 1:09:20.360
<v Speaker 2>Peace.

1:09:22.040 --> 1:09:25.639
<v Speaker 1>An illegal alien from Guatemala charged with raping a child

1:09:25.720 --> 1:09:29.520
<v Speaker 1>in Massachusetts. An MS thirteen gang member from Al Salvador

1:09:29.760 --> 1:09:33.920
<v Speaker 1>accused of murdering a Texas man of Venezuelan charged with

1:09:33.960 --> 1:09:37.880
<v Speaker 1>filming and selling child pornography in Michigan. These are just

1:09:37.960 --> 1:09:41.719
<v Speaker 1>some of the heinous migrant criminals caught because of President

1:09:41.760 --> 1:09:45.360
<v Speaker 1>Donald J. Trump's leadership. I'm Christy Noman, the United States

1:09:45.360 --> 1:09:50.160
<v Speaker 1>Secretary of Homeland Security. Under President Trump, attempted illegal border

1:09:50.200 --> 1:09:53.720
<v Speaker 1>crossings are at the lowest levels ever recorded, and over

1:09:53.800 --> 1:09:57.000
<v Speaker 1>one hundred thousand illegal aliens have been arrested. If you

1:09:57.080 --> 1:10:01.240
<v Speaker 1>were here illegally, your next will be fine nearly one

1:10:01.280 --> 1:10:05.839
<v Speaker 1>thousand dollars a day. Imprisoned and deported, you will never return.

1:10:06.160 --> 1:10:09.160
<v Speaker 1>But if you register using our CBP home app and

1:10:09.280 --> 1:10:12.600
<v Speaker 1>leave now, you could be allowed to return legally. Do

1:10:12.720 --> 1:10:17.839
<v Speaker 1>what's right. Leave now. Under President Trump, America's laws, border

1:10:18.040 --> 1:10:19.879
<v Speaker 1>and families will be protected.

1:10:19.960 --> 1:10:22.120
<v Speaker 2>Sponsored by the United States Department of Homeland Security,