According to statista.com, as at 2013, 41 percent of global internet users have done on-line shopping, spending USD840 billion that year. And that is projected to grow to USD1.5 trillion by 2018. This doubling every 5 years can only mean that shoppers are moving away from traditional shopping.
Often people will see items in shops and display windows and then look on the internet to find a better price. On-line shops have much lower overheads and can afford to give better prices. Continue reading…
Organised by the Hong Kong Trade Development Council (HKTDC), the fourth Hong Kong International Diamond, Gem & Pearl Show (28 February-4 March) and the 34th Hong Kong International Jewellery Show (2-6 March) concluded successfully.
The two shows featured about 4,480 exhibitors, and attracted over 85,000 buyers from 144 countries and regions, up six per cent over last year. More than 33,000 buyers visited the Diamond, Gem & Pearl Show, while some 52,000 visitors attended the Jewellery Show.
“Despite economic challenges, especially in the luxury goods market, the two shows attracted a record number of buyers. The exhibitors are also generally satisfied with the results at the two shows,” said Benjamin Chau, Deputy Executive Director, HKTDC.
PlatAfrica 2017 to focus on “Bold Minimalism”
“Bold Minimalism” has been selected as theme for the 18th annual PlatAfrica jewellery design and manufacture competition to unearth the country’s top talent. Presented by the world’s leading producer of the precious metal Anglo American Platinum, in association with PGI India and Metal Concentrators, the prestigious competition is open to student, apprentice and professional jewellers in South Africa.
The 2017 PlatAfrica theme aims at achieving the perfect pairing of timeless platinum with on-trend design – curated elements, pared down, simplified; each one considered, courageous and meaningful… a simple expression of love. It looks to minimalism as a stance against excess, it dares to be bold with designs that stand out from a sea of clutter. Continue reading…
by Tomer Doron
I’ve become a Kulturalist
Businesses have forgotten why they work as businesses and not just individuals. They have forgotten the benefits of having a pool of experience and skill across the right range that can be accessed and collaborated and most importantly, they’ve forgotten what makes that happen
Platinum is the ideal choice for crafting a piece of timeless jewellery.
The sheer luxury and beauty of this metal is unique and, combined with its durability, will not disappoint. It will literally last you a lifetime.
Although there are many uses and markets for Platinum in the technology, automotive and health sectors, jewellery, by far, sees the metal taking its most breath-taking form and has become the symbol of love.
Jewellery Council of SA Announces Jewellex Africa 2017 Dates and Venue
At a recent Debriefing Meeting of exhibitors and interested parties, important discussions and decisions were taken to better the offering of Jewellex Africa 2017 for both exhibitors and visitors. Please refer to the full Jewellex Report for 2016 on the website here.
Sandton Convention Centre (SCC) is the venue of choice and will be the new venue for Jewellex Africa 2017. Although Gallagher Convention Centre was a great venue, feedback received was that Midrand was not conducive from an accessibility point of view, as well as the accommodation and restaurant suitability.
There is a longstanding tradition of an annual Open Day, hosted by Southern African Minerals and Gems. Rob Smith recently relocated to Cape Town, leaving a huge gap in the Gauteng market.
The event was also known by fond terms, including the annual swap and sell. Many serious collectors would only socialise at this particular gathering, just as many deals were made on this day, in the form of a handshake and a smile, as is the tradition of most rock folk.
Mineral clubs from across the country, as well as neighbouring countries would convene annually, on the lawns of Rob’s Germiston premises; attracting dealers, business owners, jewellers, hobbyists, artists, renown authors, expats, collectors and international traders.
De Beers Enterprise Development Project for Diamond Beneficiators
The five members of the De Beers Enterprise Development Project for Diamond Beneficiators participated at the Hong Kong Jewellery and Gem Fair 2016, held from the 13th to 17th September.
They were situated within the South African Pavilion, an initiative supported by the Department of Trade and Industry and the State Diamond Trader.
Although the five companies had participated at previous shows in Hong Kong, this was the first time they had done so as members of the De Beers Beneficiation project.
The JNA Awards honours gemstone and jewellery industry leaders who represent excellence, innovation and best business practice.
HONG KONG, 14 September, 2016 – The fifth annual JNA Awards was a resounding success. Twenty-eight shortlisted companies were recognised and recipients of eleven award categories were announced at the InterContinental Hong Kong on 14 September. To add to the excitement that evening, internationally acclaimed tenor, Warren Mok, gave an outstanding performance to the audience.
Organised by JNA (Jewellery News Asia), the awards event recognises and celebrates companies and individuals whose passion for excellence, innovation and outstanding business performance has helped shape the growth and development of Asia’s jewellery industry.
At the launch held in Johannesburg on 13 July 2016, De Beers, along with government and other industry stakeholders, unveiled the Enterprise Development Project for Diamond Beneficiators.
Mineral Resources Deputy Minister, Mr. Godfrey Oliphant, and Gauteng Premier, Mr. David Makhura, both congratulated De Beers on “advancing the country’s mineral resource beneficiation agenda”.
Mpumi Zikalala, the Senior Vice President of De Beers Sightholder Sales South Africa elaborated, “Together we embarked on a journey at the beginning of this year with many partners to support a BEE group of diamond cutters who will develop increasingly competitive businesses to better compete locally and in markets abroad.
This year has seen the release of Countersketch software being released worldwide. There is no other software like it available to Jewelers anywhere. CSi has a huge library of all the international trending designs, rings, both ladies and gents, pendants and 1400 + loose parts which can be used to customize or add to any of the designs or used on their own. One design can be changed in many variations at the click of a button; it’s easy to use and has been developed with retail staff in mind. Your front shop staff now becomes your CAD designers. Once a design is complete the file can be sent straight to your CAM department for printing and casting. All the files are valid watertight files. CSi is updated on a monthly basis with new designs and parts.
This is a powerful selling tool, increasing your virtual stock inventory, your clients can browse through the files and pick exactly what they want and make it their own by customizing it to their specifications. If you have a 3D printer you can also offer them the option to wait a few minutes while you print them a model on one of the Formlabs desktop printers. A powerful combination!
For more information on Countersketch Software or the 3D printers please contact Eve at Digital WAX cc on Cell: 0724370488
By Jonathan Margalit, PhD / THE RETAIL JEWELER / The Jewelry Business Magazine V7N1
In the first three articles of this series, we discussed the growing need for precise material identification in the jewelry industry and several popular methods to analyze metal composition, including x-ray fluorescence (XRF) technology. In this article, we will cover a lesser known, but just as powerful, application of XRF technology – determining the value of coins.
New CEO highlights the importance of partnerships and stimulating consumer desire for diamonds
New De Beers Group CEO, Bruce Cleaver, has highlighted the importance of relationships with all the company’s partners, saying they are the “cornerstone of the business”.
In a blog for the company’s website, Mr Cleaver, who took up the role on 1 July, said: “De Beers holds a unique position with consumers, our rough diamond customers, governments, communities and retailers. And with each of these groups, we must recognise that it is not just what we do that matters, but also how we do it”. “We must never lose sight of the fact that for the entire diamond pipeline to succeed, every individual part of the diamond pipeline needs to succeed”, he said.
Sivana diamonds was established in 2010 and has grown to become a leading dealer of diamonds of quality and distinction, from sourcing rough to manufacturing.
Sivan and Avi Finhasi run the company and even though Sivana Diamonds recently only celebrated its fourth anniversary, Sivan herself has been involved in the diamond industry for almost 20 years now. Her wealth of knowledge and experience in this field has enabled Sivana Diamonds to become a well known and celebrated diamond distributor worldwide. Sivana Diamonds has offices in the USA, Israel and South Africa.
Jonathan Margalit, PhD, Thermo Scientific Portable Analytical Instruments
Fire assay is an established and proven method for testing the purity of gold jewelry and other objects.
Nevertheless, it is a destructive and time-consuming process requiring the use of hazardous chemicals. X-ray fluorescence has emerged as a non-destructive alternative to the fire assay method, with comparable accuracy in just minutes.
XRF instrumentation is now available in portable units ideally suited for countertop use in retail environments for accurate testing of any precious metal. In a test against two different refineries using fire assay to evaluate two gold ingots from the same melt, an XRF analyzer provided results just as accurate as one refinery, and even more accurate than the second refinery. The test results provided in this article were performed using the Thermo Scientific™ Niton™ DXL Precious Metal Analyzer.
The Thai Gem and Jewelry Traders Association (TGJTA) was established with the aim of supporting and promoting Thailand’s gem and jewelry industry. The industry is ranked third within the country in terms of export value, generating 371 billion baht (US$10.6 billion) worth of exports in 2015. Part of the TGJTA’s strategy is to support and promote the kingdom’s gem and jewelry industry alongside tourism, through encouraging visitors to take gems and jewelry back to their home countries at the end of their visit.
How do they do it?
What makes a successful business? Is it it the turnover or the GP?
Well yes but….
Twin Jewellery shows 2016
The third Hong Kong International Diamond, Gem & Pearl Show and the 33rd Hong Kong International Jewellery Show have concluded successfully.
By Jonathan Margalit, PhD, THE RETAIL JEWELER, The Jewelry Business Magazine V6N6
The need for the precise verification of jewelry composition has never been greater than it is today.
First, the global jewelry market is projected to continue growing at a healthy rate. By the end of 2019, the market will be valued at $407.5 billion. As the jewelry industry grows, so will the demand for more jewelry verification.