Company Overview
Burdeen's Jewelry Ltd, a family-owned business with a rich history spanning over four decades, stands as a distinguished luxury jewelry and watch retailer in the Chicago suburbs. Its flagship store is located at 120 East Oak Street, a beacon of elegance and sophistication in Buffalo Grove, IL. The company specializes in meticulously crafted collections that celebrate and commemorate life's precious moments. Their offerings include luxury watches and fine jewelry, focusing on custom jewelry, bridal engagement rings, and both new and pre-owned timepieces.
Leadership
Leadership Team
- Matt Burdeen (CEO): Matt has led Burdeen's Jewelry since 1995, leveraging his impressive career in luxury retail, which includes ownership of high-end boutiques like Panerai Boutique Chicago and IWC Boutique Chicago. He holds a Graduate Gemologist degree from the Gemological Institute of America and is active in professional communities like The Economic Club of Chicago and The Magnificent Mile Association.
- Alison Bybee (Vice President Operations): Alison, who joined the firm in 2022, has a background as a Managing Partner at Strong Like Bull Consulting, LLC. Holding a degree from the University of Michigan and based in the Greater Chicago Area, her leadership is crucial to maintaining the company's operational excellence.
- Josh Nigut (Executive Vice President): With over a decade of experience in the jewelry industry, Josh has been with the company since 2016. As Executive Vice President, he influences the company's strategic vision and oversees operational functions, strengthening Burdeen's market presence in luxury watches and fine jewelry.
Product Offerings
Burdeen's Jewelry Ltd is renowned for being an authorized dealer of luxury watch brands such as A Lange Söhne, Breitling, Chopard, Grand Seiko, and IWC Schaffhausen. Their inventory includes both new arrivals and pre-owned watches, featuring models like the Omega Speedmaster Snoopy at $39,500 and the Rolex Cosmograph Daytona at $40,950. The company also offers a diverse range of fine jewelry collections, emphasizing custom-designed pieces and engagement rings.
Industry Position
Operating in the competitive retail landscape, Burdeen's Jewelry Ltd serves clients seeking luxury experiences, aligning its mission with creating cherished memories through excellence in service and product offerings. It boasts a notable presence in Chicago's luxury goods market, with quality and customer satisfaction positioning it as a leading jeweler in the region.
Competitor Profiling
Overview
Burdeen's Jewelry Ltd, with an annual revenue of $12.3 million and approximately 60 employees, is a major player in the luxury jewelry market in Buffalo Grove, Illinois. It is known for offering custom jewelry designs and carrying prestigious brands like Piaget and Roberto Coin.
Key Competitors
1. Tiffany & Co.: Known for sterling silver and diamond jewelry, the company had a revenue of $4.42 billion in 2020 and has a global presence under LVMH, with over 300 stores worldwide.
2. Brilliant Earth: Founded in 2005 and based in San Francisco, this company emphasizes ethically sourced diamonds and gemstones, with a strong online presence and showrooms across the U.S.
3. Blue Nile: As the largest online retailer of certified diamonds, Blue Nile offers a customer-centric experience with a wide selection of GIA and AGSL certified diamonds.
4. Ritani: Specializes in custom engagement rings with an integrated online and in-store purchase experience, complemented by a strong wholesaler network.
5. James Allen (R2Net Inc.): Focuses on conflict-free and certified engagement rings and diamonds, growing significantly as an online retailer.
These competitors demonstrate diverse strategies, ranging from substantial physical showrooms to ethical sourcing and robust online retailing. Burdeen's Jewelry Ltd stands out with its high-end custom offerings and unique selection.
Market Position and Opportunities
Positioned strategically in Illinois with an exclusive portfolio of luxury brands, Burdeen's Jewelry Ltd is primed to leverage consumer demand in luxury and custom-designed jewelry. By focusing on unique product offerings and enhancing its online presence, Burdeen's can strengthen its competitive edge amid industry giants like Tiffany & Co. and innovative disruptors such as Brilliant Earth.
Adapting to shifts towards ethical sourcing and online retail could enable Burdeen's Jewelry Ltd to enhance its market share and expand its customer base.
Contact Information
For inquiries regarding their collection or services, Burdeen's Jewelry welcomes contact via phone at 847.459.8980 or through their website [https://burdeens.com](https://burdeens.com). They also invite clients to join their mailing list for exclusive updates and private event invitations.
By capitalizing on their legacy and leadership in luxury retail, Burdeen's Jewelry Ltd continues to be a key player in the market, consistently expanding their reach and refining offerings to meet the evolving needs of their discerning customers.
