Hannoush Jewelers

Hannoush Jewelers began in 1980 in Massachusetts, founded by the Eight Hannoush Brothers, who had immigrated to the United States in 1972. The family first built its reputation by providing jewelry repair and diamond remounting services for larger chain jewelers. Elias Hannoush, the oldest brother, opened his first store in Albany, New York, in August 1984. Another family member, Mustapha Akkawi, emigrated from Lebanon in 1984 and separately founded Hannoush Jewelers in Cape Cod. This family based, decentralized history helped shape the brand's expansion and its focus on craftsmanship and personal service.

The broader Hannoush Jewelers network includes more than 50 company owned and franchised stores across the United States. Some sources report over 60+ locations nationwide as of 2025. The formal franchise brand operates 7 locations across 8 states as of March 2026, which is distinct from the larger family owned network. The global jewelry market was valued at USD 242.79 billion in 2025 by one report and USD 381.54 billion in 2025 by another. These figures describe the broader company and market, not individual franchise results.

The global jewelry market is projected to reach USD 387.36 billion by 2034, with a 5.41% CAGR from 2026 to 2034. Another projection places the market at USD 578.45 billion by 2033, reflecting a 5.5% CAGR from 2026 to 2033. Growth is associated with rising disposable incomes, changing fashion preferences, and demand for luxury and personalized accessories. Consumer trends anticipated for 2026 include bold designs, delicate details, meaningful motifs, mixed metals, cool toned gemstones, sculptural forms, and stackable styles. Jewelry with personal or symbolic meaning is also gaining attention. Technical features are entering the category, including smart rings with activity tracking and GPS for safety. Rings are projected to represent 32.68% of the market in 2026, supported by their use to signify engagement and marriage and by demand for customization. Gold held 55.0% of the market in 2025. Asia Pacific held either 39.23% or 60.4% of the global market in 2025, depending on the report. The United States remains a significant market for Hannoush Jewelers. The COVID-19 pandemic reduced traditional store traffic while accelerating online jewelry sales.

The initial Hannoush Jewelers franchise fee is $20,000. One source estimates the total opening investment at $291,000 to $717,000. A more recent source dated March 2026 estimates $88,000 to $510,000. Differences may reflect store format, market, leasehold improvements, and initial inventory. Formats may range from a smaller inline mall store to a planned 6,000 square foot standalone flagship in Farmington, Connecticut. Inventory may include diamonds, engagement rings, gold, watches, and gemstone jewelry. Franchise candidates must show $100,000 in liquid capital and a net worth of at least $100,000. Ongoing royalty and advertising fund fees were not found in the available search results and require direct confirmation. General retail franchise benchmarks place royalties at 4% to 12% of gross sales and marketing fees at 2% to 3.5%, but these ranges are not Hannoush Jewelers fees. Buyers should review the full financial commitment beyond the initial franchise cost.

A Hannoush Jewelers franchisee operates a luxury jewelry store selling diamonds, engagement rings, gold, watches, precious and semi precious gemstone jewelry, pearl necklaces, diamond bands, gold chains, gemstone earrings, men's jewelry, and fine giftware collectibles from brands such as Swarovski Crystal and Lladro. The model requires inventory control, knowledgeable customer service, and may include custom jewelry and repair services. Stores may operate in traditional malls or standalone retail spaces. A Hannoush Jewelers store in Farmington, Connecticut, is planned to relocate from Westfarms Mall to a 6,000 square foot flagship location in August 2026. The new store is planned to include an expanded bridal section, more fine jewelry, and an open concept design.

Pre opening support includes site selection, lease negotiation, store layout and design consultation, vendor relationships, initial inventory, fixtures, marketing campaigns, and local launch support. Continuing support includes training on jewelry trends and product lines, field visits, performance evaluations, preferred vendor pricing, exclusive product lines, and 24/7 operational assistance from a corporate support team. Preferred locations include high traffic shopping centers, upscale neighborhoods, and malls in metropolitan and suburban markets across the USA. The company also seeks locations in smaller communities where it believes the brand can serve customers effectively.

The FTC Franchise Rule does not require a franchisor to provide earnings information. That figure reflects the broader network and does not establish results for an individual franchise.

The jewelry market's projection of USD 387.36 billion by 2034 at a 5.41% CAGR provides a favorable category context. Hannoush's more than 50 company owned and franchised stores, reported over 60+ locations nationwide as of 2025, and formal franchise presence of 7 locations across 8 states as of March 2026 indicate an established operating history. Customer and franchisee feedback is mixed. Some store reviews praise helpful staff and positive experiences. A September 2024 critical review stated that some diamonds and engagement rings, particularly pieces with EGL certificates instead of GIA or AGL certificates, fell short of the prices charged. The review also described stores as not spectacular and products as falling short of expected quality. It raised concerns about consistency across the decentralized network and stated that the customer service focus had not worked out as much as the company could have hoped because many stores were franchised. Hannoush offers a 30 day money back guarantee on jewelry and diamonds, a lifetime guarantee on diamond jewelry for manufacturing defects, and free cleaning and inspection after purchase. Buyers should investigate how these policies and customer experiences affect individual store performance.

Since its founding in 1980, the Hannoush Jewelers network has expanded to more than 50 company owned and franchised stores, with some estimates reaching over 60+ locations nationwide by 2025. The formal franchise brand operates 7 locations across 8 states as of March 2026. A new store opened in Queensbury, New York, in April 2024, becoming the third location for Albert and David Hannoush. The Farmington, Connecticut, store is moving from Westfarms Mall to a 6,000 square foot flagship at 1599 Southeast Road, with the relocation planned for August 2026. The location is planned to include an expanded bridal section, more fine jewelry, and an open concept layout.

The company has undergone near constant change through store openings, closures, consolidations, and moves between malls and standalone sites. The Hannoush family seeks growth through internal expansion and acquisitions within the consolidating jewelry industry. Its family ownership since 1980 and origins in jewelry repair and diamond remounting provide experience in craftsmanship, trust, and industry knowledge. The network's presence at over 50 locations provides customer access across the nation, while an online store extends its reach. Products include diamonds, engagement rings, gold, watches, precious and semi precious gemstone jewelry, pearl necklaces, diamond bands, gold chains, gemstone earrings, men's jewelry, and fine giftware collectibles. The 30 day money back guarantee, lifetime manufacturing defect guarantee on diamond jewelry, and free cleaning and inspection services support the brand's post purchase offering.

The preferred franchisee has a genuine interest in jewelry, a commitment to customer service, and a strong interest in business ownership. Hannoush values craftsmanship and long term community relationships. Retail, fashion, or customer facing experience is preferred but not required. Candidates must be able to meet the $88,000 to $510,000 investment range, show $100,000 in liquid capital, and have a net worth of at least $100,000. An entrepreneurial approach focused on quality and brand consistency is also sought. Specific expectations for owning multiple units are not stated. The broader network includes separate family ownership groups, including George Hannoush and his three sons in Central to Southeastern Massachusetts, and Albert and David Hannoush in Albany, Clifton Park, and Queensbury, New York. Available territories focus on high traffic shopping centers, upscale neighborhoods, and malls in metropolitan and suburban markets across the USA, with operations limited to the United States. The time from signing to opening, agreement term, renewal terms, transfer rules, and resale provisions are not specified and should be reviewed in the franchise agreement.