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Hardly a major auction goes by these days without gemstones breaking world records. Prices have gone through the roof for rare and untreated Kashmir sapphires, Burmese rubies and Colombian emeralds, not to mention top prices fetched by fancy colour diamonds. Here’s a peek into various developments in the global gem market.
For a jewellery retailer, capturing the attention of passersby is visual merchandising. That crucial second when people see a display window determines if they would stop and look, or walk on by. What is the secret to creating captivating jewellery window displays?
Macroeconomic uncertainties may have dampened the spirits of jewellery industry players but Kent Wong, managing director of Chow Tai Fook Jewellery Group, is taking a different stance. In a talk with JNA, Wong said he remains optimistic about prospects in the business and cited embracing market changes as the key to tackling challenges.
The pure, rare and eternal qualities of platinum have been highly treasured by nobles for centuries. To established European jewellers, platinum represents their image and value. Recently, the Platinum Guild International (PGI®) and Han Tang Culture talked to four legendary jewellery brands about their love affair with platinum.
French jewellery house Van Cleef & Arpels is known for its iconic collections and high-quality craftsmanship. JNA spoke with Van Cleef CEO Nicolas Bos about the company’s competitive advantages and its thriving business model.
Top platinum industry leaders, innovators, experts and partners discussed the latest developments, challenges and opportunities in the Chinese platinum market at the Platinum Guild International (PGI®) China Platinum Jewellery Forum held in Shenzhen in December 2018. Forum participants also identified potential drivers of growth.
Hearts On Fire President Caryl Capeci sits down with JNA to talk about combatting challenges in the ever-evolving diamond jewellery industry, the company’s role in promoting women empowerment and offering products that resonate with today’s forward-looking consumers.
A team of 40 gemmologists and gem traders, led by gemmologist Kennedy Ho, ventured into a field expedition in Mogok, Myanmar – a legendary source of the world’s most sought-after rubies and sapphires. It was an adventure, thanks to the potentially perilous one thousand or so turns on the snaky mountain roads to Mogok. A pilgrimage for gemmologists, the trip was also a humbling experience: Discovering the history of and mining difficulties in Mogok while understanding its future, and getting to know the hidden treasure behind the gems – the people of Mogok.
The digital age has ushered in new business models, including the so-called ‘sharing economy’ system. The success stories of Uber
and Airbnb in this arena are particularly inspiring. With the Asian market for pre-owned jewellery and watches booming in recent years, jewellery recycling companies from Europe and the US have commenced operations in Hong Kong and local jewellers are tapping into this market by establishing business platforms based on the ideas of sharing and recycling.