The Way Ahead

Solitaire - - EDITORIAL - Ed­i­to­rial Team Email: soli­taire@gjepcin­dia.com

The many jew­ellery shows held in Las Ve­gas in June evoked mixed re­views. While the high-end Cou­ture show re­ceived a thumbs-up from many ex­hibitors, sen­ti­ments were not so up­beat at JCK and AGTA Gem­Fair. Read the full re­port on Las Ve­gas by Cyn­thia Unninayar in the Cover Story. The JCK State of the Jew­elry In­dus­try Re­port re­leased at the fair was a key in­di­ca­tor of the health of the in­dus­try in Amer­ica. More than 500 re­spon­dents, in­clud­ing re­tail­ers and man­u­fac­tur­ers took part in the sur­vey, which re­vealed that they are op­ti­mistic about the next 12 months. The main chal­lenges the re­spon­dents out­lined were: on­line com­pe­ti­tion, over­all eco­nomic cli­mate, lack of con­sumer de­mand, and lack of mil­len­nial de­mand.

In­ter­est­ingly, al­most a fifth of the re­tail­ers in the JCK sur­vey said that lab-grown di­a­monds were now part of their prod­uct mix. Although syn­thetic di­a­monds may be grow­ing in pop­u­lar­ity in the US, this, how­ever, does not di­min­ish the halo around nat­u­ral di­a­monds. Another sur­vey of 2,000 re­spon­dents re­leased by the Di­a­mond Pro­duc­ers As­so­ci­a­tion (DPA) and The Har­ris Poll stated un­equiv­o­cally that a clear ma­jor­ity of Amer­i­cans recog­nise that di­a­monds cre­ated in a fac­tory are not ‘real’ di­a­monds. DPA CEO Jean-Marc Lieber­herr said: “Th­ese re­sults are im­por­tant, and con­firm what our con­sumers tell us: ‘Real Mat­ters’—a per­spec­tive shared across gen­er­a­tions and one that can­not be repli­cated in a mat­ter of weeks.”

Light­weight prêt wear di­a­mond-stud­ded jew­ellery is a grow­ing trend in the In­dian jew­ellery mar­ket. The prospects of this cat­e­gory grow­ing ex­po­nen­tially are very good, es­pe­cially since jew­ellers are now fo­cus­ing on de­signs that ap­peal to the younger gen­er­a­tion. Read the opin­ions of top In­dian jew­ellery re­tail­ers in Re­tail View.

Jew­ellery spe­cial­ist Richa Goyal Sikri at­tended the in­au­gu­ral edi­tion of GemGen­eve, a gem and jew­ellery trade fair held in Switzer­land by Ronny To­tah of Horovitz & To­tah and Thomas Faer­ber of The Faer­ber Col­lec­tion. Open to both trade and pub­lic, the show drew an­tique jew­ellery deal­ers, gem and pearl spe­cial­ists, and renowned jew­ellers across the globe. Turn to Trade Fair for an in-depth re­view.

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