Some information on the retailer:

Grainger-Hannan-Kay Co. - Detroit - 1916
The founders of the old-time Detroit firm of M. S. Smith & Co. in 1859 was Martin S. Smith. The first store was located at Woodward and Jefferson Aves. In later years it was located at the southwest corner of Woodward Ave. and State St., in the block now occupied by B. Siegel & Co. Mark S. Smith retired from business in 1894, and died in 1898. The firm later was known, successively, as Smith, Sturgeon & Co.; W. A. Sturgeon & Co.; Grainger, Hannan Kay Co.; and is now operating as the Goldsmiths and Silversmiths, Inc., at the corner of Woodward Ave. and John R. St.
Source:
The Jewelers' Circular - 5th February 1919
Trev.