Jewelry News Online | Jewelry Magazine India

Graff, manufacturer of some of the most most spectacular jewellery made from the rarest, largest and finest diamonds, announced that it had acquired the 476 carat Meya-Prosperity rough diamond that was recently discovered in the Kono District of Sierra Leone by Meya Mining. It is the 29th largest diamond ever uncovered, and the 5th largest from Sierra Leone. With this purchase, Graff has now acquired, cut and polished the majority of the top 21 largest stones of the 21st century. Commenting on the purchase, Laurence Graff said: “This year we have acquired four of the most important diamonds in history, we are extremely proud to be the custodians of such exceptionally rare stones. Our expert team will now spend time analyzing the Meya Prosperity, and the coming months will bring much excitement as we begin to unveil the results of cutting and polishing these incredible stones. We will soon reveal some of the most fabulous and valuable diamonds that the world has ever seen.” Mor...

America’s affection for Amazon the largest online retailer in the U.S. by a long shot is morphing into a full-blown love affair. For the second consecutive year, more Americans will shop with the online retailer for all or most of their holiday gifts than with any other retailer, according to CNBC’s recently released All-America Economic Survey. Seventy-six percent of Americans who planned to shop online for gifts said they expect to do most of their buying on the website. Walmart came in second on the list, but by a mile, only 8 percent of respondents said they will be shopping or checking prices on the retailer’s website. But while online is (for the second year in a row) the top shopping destination, not all shoppers use e-commerce. Forty-five percent said online will be their most-used shopping avenue this season, but 28 percent named popular big-box destinations such as Best Buy and Target. Notably, department stores ranked third in popularity and garnered their lowes...

Online retail spend on Christmas day will reach £844m, a 6.3% uplift on the same day in 2016, IMRG, the UK’s industry association for online retail, predicts. Online shopping on Boxing Day is also forecast to exceed a billion for the first time, reaching £1.03bn, a 7.9% increase on 2016 when total spend was £954m. If that forecast is borne out by shopper activity over that period, it would mean that Black Friday continues to outstrip Boxing Day for online retail spend. In 2017, IMRG recorded £1.39bn spent online for that day – an 11.7% increase on Black Friday 2016. IMRG managing director Justin Opie comments: “Boxing day sales remain a fixture of retail and an important day in the calendar, but Black Friday has altered sales patterns over the full peak period and is now the primary discounting event of the season. And perhaps, as with Black Friday, we’re seeing Boxing Day spend become more online-focused. “Although going out to the shops on that day has long been a British ...

The Women’s Jewellery Network , the UK-wide organization designed to connect, grow and inspire women working in the jewellery trade, had unveiled its first regional ambassadors. Focusing on strategically located areas with high densities of jewellery retailers, designers, and jewellery manufacturing, the WJN has selected its first ambassadors to cover Birmingham, Brighton, Glasgow, Wales and Sheffield, to support its existing founders based in London. The ambassadors will act as regional contacts for members of the WJN seeking assistance or support at a local level. Having a UK-wide presence was a key outcome of an industry survey conducted by the WJN at IJL 2017, and moving into 2018, the ambassadors will help to facilitate regional meet-ups and the recruitment of further members and ambassadors across the Network. The first four WJN Ambassadors are: Rachael Taylor – Jewellery and watch journalist – Brighton Sonia Menezes – head of brand development, Clogau – Wales and Sh...

CIBJO has announced the release of an employee recruitment, motivation and retention guide, "People: Our Greatest Asset".  Authored by Jonathan Kendall, President of the CIBJO Marketing & Education Commission, the guide prepared for the jewellery industry is now available for downloading on the CIBJO website. The  60-page book “provides a practical approach to the employment and induction of professional staff, reward, and recognition systems for motivating and retaining valued employees, and problem-solving”, CIBJO outlined. The guide was first unveiled at the 2017 CIBJO Congress in Bangkok, Thailand, in November. The guide includes insights from industry figures from around the world and is divided into six chapters, dealing with motivation; recruitment; leadership and teamwork; training and development; reward and recognition; and troubleshooting. “Each chapter includes practical toolkits, some of which can be printed and used in the workplace, among them emp...

Luxury jewellery house Cartier has reopened is boutique in the Fine Jewellery Room of Harrods following a complete redevelopment and re-design. The new space offers an entirely new and bespoke concept for Harrods, as the brand worked closely with the department store and architect, Laura Gonzalez, to redesign a classic environment with a contemporary touch, and provide the perfect place for Cartier clients to shop its high jewellery offering. The concept of the new room design is reflective of the brand with smooth bronze finishes, glass furnishings and wooden accents, set in a neutral surrounding, highlighted with four bespoke and handcrafted decorative walls and a central deconstructed, geometric chandelier. Four internal salons form part of the main open Cartier Room; two private salons, a prestige area, a feminine area, a diamond area and lastly a masculine area, allowing clients to experience all Cartier realms. “Cartier and Harrods were both established in the mid-19th ...

As gold price has been plummeting in the past few days, customers are awaiting the price of the yellow metal to drop further thereby hitting jewellery business in the Capital. Jewellers have said that the demand for raw gold has come down by almost 10 kg per day in the past few days after customers switched to wait-and-see mode following falling gold price. “Gold price has been plummeting since last few weeks. As a result, customers seem to have postponed their plans to purchase gold jewellery ,” said Maniratna Shakya, former president of Federation of Nepalese Gold and Silver Dealers Association (Fenegosida). As per Fenegosida, the gold price has come down by Rs 1,500 per tola in the past two weeks in the domestic market. While one tola of gold cost Rs 56,000 on November 26, gold was available at Rs 54,500 per tola today. As a result of the continuous fluctuation in the price of gold, the everyday demand of raw gold has come down to 35 kg per day in the domestic mar...

Luxury brands can now ban retailers from selling their goods on online marketplaces such as Amazon and eBay , Europe’s top court has ruled. The European Court of Justice decided on Wednesday that a ban was “appropriate to preserve the luxury image” of products. The case was bought by cosmetics group Coty, which owns brands such as Marc Jacobs and Calvin Klein, but it is expected to set a precedent that could allow other luxury brands to stop their distributors selling their goods on Amazon, eBay, and other online marketplaces. The court ruled that Coty did not break competitions laws when it prevented Parfümerie Akzente, one of its authorized German distributors, from selling its products on Amazon.de. Welcoming the decision, Coty comments: “After years of uncertainty, this means luxury brands can determine how they are placed on digital platforms and it is a clear ruling for the protection of luxury brands’ image, the defense of our teams’ work and the protection of consum...

British jewellery brand Kit Heath has reported strong year-on-year sales growth for the A/W season. For the A/W trading months from July to November 2017, sales from independent and multiple retailers surged by 48%. Kit Heath’s creative director, Katie Nickell, comments: “We are delighted with the performance of the brand from our AW17 launch back in July, the designs have been so well received and some of the key pieces have exceeded our expectations. We have worked hard to reclaim our identity and place in the market — last few bi-annual collection launches have completely re-energized our offering, with a mixture of core entry price silver and matching profiles in statement styles. "Being awarded ‘Fashion Jewellery Brand of the Year’ in the face of very strong competition has let us know that we are getting something right. It’s been a fantastic testament to our achievement in this tough market.” Following the positive sales season, Kit Heath is looking forward to ...

Small Business Saturday achieved record spending across the UK this year, research reveals. The event, which took place on Saturday, December 2, is estimated to have topped £748 million. This figure is according to an American Express survey conducted in the 48 hours following the annual shopping event. Now in its fifth year, Small Business Saturday, which encourages consumers to shop with their local small businesses, continues to see growing support for the British public. In total, spending jumped by 4% this year. This was aided by an 87% backing from local authorities, up from 80% a year earlier. Furthermore, 56% of customers who were surveyed said they spent more than usual on the day. Social media also played a vital role. Over 115,000 tweets were published about the event on the day itself, trending at number one in the UK, while Facebook and Instagram posts were also up on 2016 as shoppers and staff share their Small Business Saturday stories. More Info: Jewelr...

A royal ring look-a-like created within hours of Prince Harry announcing his engagement to Meghan Markle has become an instant bestseller for online jewellery retailer Jewlr. A soon as the official royal engagement ring images were published, Jewlr created a replica piece for its portfolio. After going live on Monday evening, the ring, which has been named ‘The Duchess’, quickly became the e-tailer’s best-selling engagement ring style. The royal engagement ring doppelganger is now outselling other rings by 15%. Furthermore, searches for three-stone rings on Jewlr’s website have also risen by 220%. Jewlr founder, Tony Davis , comments: “Within minutes of Harry and Meghan’s photo-call going live, we experienced a huge influx of searches for three-stone rings. “Due to our production methods, we can turn designs around extremely quickly, and once online, products can be created and shipped to customers within days. It’s great to be able to meet customers’ dema...

As digital influencers surpass celebrities in the realm of consumer engagement , they will become even more important for product endorsements next year. Digital influencers are spoken about like rose gold in the jewelry industry , with many questioning, ‘how long will this trend last?’ According to the latest research by Fashion and Beauty Monitor , as published on the company’s ‘The Age of Social Influence’ report, the answer is the influence of bloggers shows no signs of slowing down. In fact, this year digital influencers have overtaken celebrities as the most popular choice for brand endorsements. In a survey for the report taken by all the major national brands, 61% of respondents revealed they worked with digital influencers over the last 12 months, compared with 57% who worked with a singer or musician, and approximately half worked with TV actors and models. Additionally, the largest majority of survey respondents (44%) believe digital influencers will be best sui...