By ALLISON MATYUS
Supreme Jewelers will be closing its doors after 68 years of serving the community as a quality, jewelry store in Hyde Park.
Owner Michael McGuire said that the store will be closing on March 31.
“I thought long and hard about it, but I have been doing this since 1959 and I am tired,” McGuire said.
McGuire said there was interest from others in the idea of buying Supreme Jewelers, but ultimately, the money to purchase and operate the store was too big of an expense.
McGuire, like the store, has had a long history in Hyde Park. Supreme Jewelers was established in 1948 in its original location at 51st Street and Lake Park Avenue. A young man by the name of Jerry Feld ran the store. From 1959 until 2003, the store sat next to the United Church of Hyde Park, 1448 E. 53rd St.
In 2003, Supreme Jewelers moved to its current location, 1515 E. 53rd St. McGuire has been in charge of the small business since Feld sold it to him in 1991.
McGuire has been with Supreme Jewelers since he was 14 years old, according to the Hyde Park Historical Society. He started as a handyman and worked his way up the ladder to manager and eventually, owner.
Supreme Jewelers, which is known in the community as “the Tiffany’s of Hyde Park,” has also been a long-standing member of the Hyde Park Chamber of Commerce.
McGuire said that he plans to have a big going out of business sale, since all of the merchandise must be gone by the end of March.
Hyde Park Bank owns the storefront that Supreme Jeweler’s currently occupies, and McGuire hopes that they will find someone suitable to fill his shoes.
“I’m hopeful that they will find a good tenant and maybe even a good jewelry store, but it won’t compare to Supreme Jewelers,” McGuire said.