A. "Close-out sale" means any bona fide sale of stock or merchandise by public auction Where the owner thereof or the creditors of the owner are engaged in the legitimate closing out of any such stock, and such sale is held upon the premises where the owner of the business carried on the business for not less than one year immediately preceding.

B. "Jewelry" includes platinum, gold, silver, plated ware, precious stones, semiprecious stones, watches, clocks and other articles usually considered as jewelry.