GJEPC will organise the first Plain Gold Jewellery Virtual Buyer Seller Meet (VBSM) from 21st-24th September 2020, which follows closely on the heels of the successfully held inaugural VBSM for Loose Diamonds during early September.
The Plain Gold Jewellery VBSM will feature 10 Indian sellers and 10 buyers, from the Middle Eastern countries, especially the UAE, Kuwait, Bahrain. The Council has received a positive response from several prospective buyers interested in participating in the VBSM.
The Indian confirmed participants are: Shineshilpi Jewellers Pvt. Ltd., Durga Chain, Unique Chains Pvt. Ltd., , Senco Gold Limited, Chokshi Vachhraj Makanji & Co. (CVM), Hasmukh Parekh Jewellers, Jewel India Pvt. Ltd., AB Jewels Private Limited, RK Jewels.
Adapting to a post-Covid world, the GJEPC has leveraged its years of experience in organising physical buyer-seller meets to redefine the online buying and selling experience for a global platform. The VBSM website will have features such as: Product Search, Live Product Viewing, and Virtual Video Meetings. The GJEPC will also provide a product catalogue with up to 40 product images, three-camera set-up, and interpreters (optional).
Slack demand, resulting in lower cash accrual, along with elevated inventory levels and curtailed bank finance, will lead to a moderately negative credit outlook for gold jewellery retailers this fiscal, Crisil Research said on Thursday.
An analysis of 92 gold jewellery retailers, accounting for 40 per cent of the sector’s revenue, showed that the number of new store additions is expected to reduce to almost by a third of the average between fiscals 2017 and 2020, it said.
“Consequently, capital investments will be 70 per cent lower at Rs 650-700 crore this fiscal compared with the average of the past four fiscals,” the Crisil analysis said.
“Cash accrual is expected to decline 40 per cent on-year, given an expected 35-40 per cent fall in sales volume for the industry – the steepest on-year drop in more than a decade – despite higher gold prices.”
As per the analysis, sales volume would plunge because of curtailed discretionary spending following the Covid-19 pandemic, stores remaining shut for most of the first quarter, and intermittent lockdowns in some states in the second quarter.
“Overall revenue would drop an average 20-25 per cent this fiscal,” the analysis said.
However, the analysis said that operating profitability will see only a limited decline of 100-150 basis points to 4.2-4.7 per cent for reasons such as operating leverage is currently low with fixed costs accounting for less than 10 per cent of the total costs.
Besides, industry players are undertaking cost-optimisation measures, including renegotiating rentals, curtailing employee costs, and reducing promotional expenses.
In addition, surge in gold prices affords room to run tactical promotions such as lower jewellery making charges to prop up revenues without significantly impacting margins.
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Here’s one more thing to add to your “This Can’t Be Happening 2020” f***-it list — folks are sliding into DMs for some lovin’ … but not for booty calls, more so marry-me-buys.
It’s true … with pretty much all of us being quarantined and hesitant and/or prohibited from going into shops these days, love birds are starting to flock to the digital space to find their engagement rings — especially on IG and TikTok, which is proving to be oh so fruitful.
Take The Clear Cut, for example — a huge company that’s shifted to social media to facilitate sales, and we gotta say … they’re kinda genius, ’cause the numbers are jumping.
TCC’s co-founder, Kyle Simon, tells TMZ that they’ve seen a whopping 330% increase in revenue over the past few months … ever since they started posting their engagement ring selection on the ‘Gram and TikTok, which we’re told they get hit up about directly now.
Yes … that means customers are literally sliding into their DMs to ask about specific items they’ve seen and wanna buy. From there, Simon and co. take them to the next phase.
Clear Cut has a huge product line, but we’re told engagement rings specifically are flying off their digital shelves faster than they can stock ’em … and that the most expensive ones they’ve agreed to sell via social media ran about $70k. On average, they’re flipping $20k rocks.
Hey, nobody said getting married was cheap! Anyway, the point is … CCJ is now doing 80% of their business on Instagram, and siphoning traffic from their TikTok account too. It’s wild.
As for why this is happening — especially the pricier splurges we’re told they’re experiencing — Simon says people’s budgets have changed … no more forking out an arm and a leg for venues, honeymoons or anything else uber expensive (at least not for now) … so more people are spending that extra dough on the ring they wanna put on someone’s finger.
Global Emerald Bracelet Market 2020: Detailed Insights, Current Scenario (Covid-19 Impact Analysis), Segment Analysis.
The Global Emerald Bracelet Market is required to display a quickly expanding development rate during the Forecast Period. In spite of the epidemic subverting worldwide economic situations, the Global Emerald Bracelet market is foreseen to report healthy CAGR in the near Future . A few factors, for example, global demand, technology advancements, industrialization, and urbanizations have been supporting business sector improvement throughout the most recent decade.
Some of the major companies profiled in this study include: TJC, Tiffany, Ernest Jones, Two Tone Jewelry, TraxNYC, Jubaris, GemsNY, Wanderlust Life, Stauer, Bijan among others are key players in the market. Product launch, merger & acquisition, and partnerships encompass key players’ strategies to preserve and capture the most important share of the global market.
Technological advancement, contemporary market, and valuing patterns, changing business sector elements, unpredictable evaluating structure, restraints, limitations, and growth-driving elements of the Emerald Bracelet market are likewise profoundly lit up in the report thinking about their impact available circumstance. The report further features market obstructions, global crises, and their future effects, just as social, political, atmospheric, and financial circumstances. The worldwide Emerald Bracelet market condition is additionally concentrated in the market with different significant terms.
Emerald Bracelet Market Regional Analysis Covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
Emerald Bracelet Market Types and Application Covers:
Types: Emerald & Diamond Bracelet, Emerald & Gold Bracelet, Emerald & Silver Bracelet, Others
Applications: Decoration, Collection, Others
Understanding COVID-19 Impact:
- This dedicated section on COVID-19 analysis therefore is compiled to aid wise business discretion, enabling market players in Global Emerald Bracelet Market to direct remunerative business strategies, offsetting devastating impact of the COVID-19 pandemic.
- The sudden breakout of the COVID-19 pandemic has wrecked a devastating impact on business developments and normal functionality pushing the global economy towards an abrupt standstill, thus resulting in a catastrophic devastation.
- This report therefore is designed to address all significant alterations triggered by the pandemic and assesses the damage that is caused by the same.
- This elaborately compiled research output on the Global Emerald Bracelet Market has been designed bearing in mind a systematic approach to identify, assess and address the core dynamics in the market that result in uncompromised growth trail.
Key Highlights of the Table of Contents:
- Emerald Bracelet Market Study Coverage: It includes key market segments, key manufacturers covered, the scope of products offered in the years considered, global Emerald Bracelet market and study objectives. Additionally, it touches the segmentation study provided in the report on the basis of the type of product and applications.
- Emerald Bracelet Market Executive summary: This section emphasizes the key studies, market growth rate, competitive landscape, market drivers, trends, and issues in addition to the macroscopic indicators.
- Emerald Bracelet Market Production by Region: The report delivers data related to import and export, revenue, production, and key players of all regional markets studied are covered in this section.
- Emerald Bracelet Market Profile of Manufacturers: Analysis of each market player profiled is detailed in this section. This segment also provides SWOT analysis, products, production, value, capacity, and other vital factors of the individual player.
Putting resources into the Report: Know Why
- This report plans to comprehensively depict and sort the Global Emerald Bracelet Market for unmatched reader understanding.
- An itemized assessment to investigate material establishments and downstream acquirement improvements are resounded in the report.
- Degenerate references on buyer needs, barrier analysis and opportunity valuation are also entrenched.
- The report overviews and makes ideal conjecture relating to market volume and value guess.
From encouraging a contended marital life to enhancing creativity and eliminating negativity, they make your life better and simpler in many ways. The sparkling beauty and enigmatic charm of the crystal add to their allure. Here are the life-altering benefits of top five birthstones for you.
As a stone of intuition, vision, vitality, and fertility, emerald represents all things good in life. The signature green color of this gemstone also represents growth and rebirth. When you have an emerald around, you will experience the power of this crystal stirring your soul with hope and positivity. It aids in financial renewal and enhances creativity.
Professions like artists, writers, PR executives, and journalists can benefit significantly by wearing an emerald. It also helps in honing your skills for negotiations and oration, bringing success in the fields like mass communication, politics, law, and litigation. Using its soothing effect, emerald can relieve your mind and improve your senses to make better decisions in life.
Intellect and learning abilities come easy to a person carrying this crystal. It can combat aging and heal the physical heart. Emerald has special abilities to invoke and balance the heart chakra that leads to controlled emotions. It changes your perspectives by removing the blockages and cynicism from your mind.
Pukhraj or yellow sapphire not only changes fortunes but also transforms your entire life with a stroke of good luck. This gemstone representing the auspicious planet of Jupiter brings financial stability and wealth accumulation.
Since Jupiter is the planet of wisdom and knowledge with inherent power, it helps you to rise above materialistic comforts and explore higher realms of life. Once you have the wisdom and will power, nothing remains unattainable for you. Yellow sapphire is also an excellent crystal for matrimonial harmony and fertility. It strengthens your ability to make rational decisions under stressful conditions while staying disciplined and composed. Some cultures even believe in yellow sapphire’s ability to protect its wearer from unforeseen accidents.
Providing mental peace and calmness, it can prevent angry bouts and help you attain solace through spiritual means. The wonderful benefits of yellow sapphire do not end here. This gemstone also ensures your complete well-being by curing the ailments of mouth and kidney. It can cure cough, fever, rheumatism, and throat infections.
All these benefits make yellow sapphire a life-altering crystal, especially for authors, writers, academicians, advocates, teachers, and traders.
The stunning blood red color of rubies not only charms you but also blesses your life in many ways. From professional to academic success and social standing, this gemstone brings all things you desire in your life. Since ruby is ruled by the powers of the Sun, it can help the professionals relying on their authoritative and leadership qualities.
Also, ruby is acclaimed to improve the social status of its wearer. It not only helps to maintain an imperial lifestyle but also ensures financial stability. Some astrologers also lay their trust in this birthstone to improve communications and prevent negative thinking.
When you feel shrouded with negativity and fear, the cosmic rays of sun emitted by ruby will take these feelings away.
Elation, contentment, love, and harmony come naturally with this amazing stone. It can alter your life by inviting fortune and wealth. At the same time, you will never stray from the path of righteousness if you carry a ruby on your person. Wearing this gemstone is also beneficial for your heart, eyes, and bones. It restores blood circulation and vitality to improve your health. When you lack self-esteem and need emotional stability, ruby is the perfect companion.
When you need a calm and focused mind, blue sapphire is the gem that can make it happen by releasing unwanted thoughts and negativity. This amazing stone ranges in colors from azure blue to cornflower blue with a vivid tone.
Since it carries the blue ray, this gemstone can clarify your communications and improve your spiritual perceptions. Opening your mind to the embedded truths in every condition, blue sapphire also motivates you to speak your mind without any fear. It creates an easy channel between the higher realms and physical bodies to attain deep focus and mental acuity.
You will find it easy to manifest your ideas into reality with a clear mind after wearing a sparkling blue sapphire. Whenever you want to think clearly, formulate thoughts, or gain focus, this gem will help your self-expression by activating the third-eye chakra. It broadens your visual perceptions and takes your mind to peaceful relaxation. Also, blue sapphire is the stone of fidelity, love, and commitment. No wonder it is loved and favored as a wedding or engagement ring for centuries.
Gomed or hessonite is a charming honey-colored gemstone, ruled by the planet of Rahu or Dragon Head. With its similarity to the color of cow urine, Vedic astrology defines hessonite as a stone of protection from negative energies and forces. By clearing and calming the mind of its wearer, this stone can eliminate deep-rooted anxiety and depression. Also, it boosts the focus and concentration to accomplish life goals.
Students and career-oriented professionals benefit a lot with a hessonite. It gives them professional success and enhances the social standing. Even the health of its wearer improves as hessonite can cure the ailments of eyes, palpitation of heart, allergies, epilepsy, leprosy, fatigue, and varicose veins.
All these birthstones possess life-altering abilities that can bring happiness, contentment, and bliss to your life. However, the benefits roll into your life when you choose the right gemstone.
An anklet, also called ankle chain, ankle bracelet or ankle string, is an ornament worn around the ankle. Barefoot anklets and toe rings historically have been worn for at least over 8000 years by girls and women in South Asia, where it is commonly known as pattilu, payal and sometimes as nupur. They have also been worn by Egyptian women since predynastic times. In the United States both casual and more formal anklets became fashionable from the 1930s to the late–20th century. While in Western popular culture both younger men and women may wear casual leather anklets, they are popular among barefoot women. Formal anklets are used by some women as fashion jewellery. Anklets are an important piece of jewellery in Indian marriages, worn along with saris.
Nature has long inspired jewellery design. But it’s time to translate our affinity for natural motifs into appreciation for Mother Nature’s real life flora and fauna.
In the midst of the coronavirus pandemic, people around the world stayed home to prevent further spread of the virus. There was no going out to the gym, to the movies, or out for a meal. For some of us, our only connection to the outdoors was stepping out for some exercise.
Here in Singapore, during the circuit breaker, there were more people heading out for a jog or going for walks around the neighbourhood than any regular day. It’s not surprising – when we spend too much time cooped up indoors, there can be physical and emotional costs.
In a New York Times article, Benthany Borel, a senior associate at CookFox Architects said, “Humans have an affinity toward nature that’s biologically embedded.” It’s no wonder then that we’re drawn to nature, especially so during tough times.
For decades, jewellers have understood man’s connection to nature – and sought to replicate the natural world’s myriad forms and colours in their designs. And during the gloomy days we’ve been experiencing of late, nature-inspired jewellery become all the more significant. Even watchmakers are jumping on the bandwagon, rolling out watches with green dials that are a subtle nod to nature.
In the jewellery world, nature-inspired jewellery collections include Van Cleef & Arpels’s Frivole, Piaget’s Rose and Bvlgari’s Fiorever. The latest to reproduce the world of flora and fauna is Cartier’s [Sur]naturel high jewellery collection, which uses the most exquisite stones to form pieces that are both dazzling and intriguing.
Key pieces in the collection include the Hemis necklace, a reinterpretation of panther fur through the use of irregularly-shaped opals. The uneven distribution of the necklace’s diamonds and opals also bring to mind pebbles of a riverbed. In the centre sits a cushion-shaped kunzite totalling 71.80 carats, with an intense pink colour and a hint of purple.
Cartier’s association with the panther has spanned over a century. It first made its debut in the Cartier universe in 1914 through a bracelet watch sporting diamonds flecked with onyx, reminiscent of panther spots.
The [Sur]Naturel collection features a new rendition of the Panthere timepiece. Made of yellow gold and coral, the Panthere Tropicale is described as a hybrid that “lies somewhere between animal and organic”. The wristwatch is speckled with onyx stones and diamonds.
Beyond the panther, a snakeskin effect is achieved with the Opheis necklace. Diamonds overlap in a staggering effect, while the onyx-stone triangles evoke the creature’s dorsal ridge. The stone in the middle, a Zambian emerald totalling 53.94 carats, evokes the head of the snake.
Elements of nature also make an appearance in the collection. The curves of the Sinope necklace is inspired by water and the way it moves. Boasting a scalloped lapis lazuli edge beneath the neck, the structure comprises other small pieces linked together and set with diamonds. There are five Ceylon sapphires on the rounded outer edge.
Lastly, the Tillandsia necklace is inspired by its namesake plant, which has become a part of Cartier’s signature plant family. The necklace captures the plant’s prickles and rounded, water-filled parts. It features a pair of oval-shaped beryls totalling 83.23 and 81.09 carats respectively, which seem to float above a lattice of paved diamonds.
With the onset of the pandemic and subsequent lockdowns, public spaces in cities around the world were reclaimed by nature. Plants began to thrive again, and animals returned.
The pandemic has taught us many lessons. And one of them is that humans are reliant on nature for its healing effects. So while nature’s beauty is made to last forever in jewellery pieces, it’s time we look at conserving the real thing.
The rough, 1,758-carat Sewelo diamond, snapped up by Louis Vuitton earlier this year, is now on show at the luxury label’s Island Maison at Marina Bay Sands.
In January this year, French fashion house Louis Vuitton made waves when it emerged as the surprising buyer of the Sewelo diamond, the largest rough diamond discovered since 1905.
Sewelo, which (appropriately) translates to “rare find” in the Setswana language, is a 1,758-carat diamond roughly the size of a tennis ball, unearthed by mining company Lucara in April 2019 at the Karowe mine in Botswana.
The only larger diamond ever unearthed was the 3,106-carat Cullinan, discovered in South Africa in 1905. The Cullinan was eventually cut into smaller stones, some of which are now part of the British family’s crown jewels.
This time, it was not a royal family that snapped up the diamond but Louis Vuitton, the jewel of Bernard Arnault’s LVMH empire.
Louis Vuitton is more widely known for its hard-sided trunks (as proven in a recent showcase in Ngee Ann City), monogrammed bags and leather goods. So why did it purchase such an important diamond?
The house has been in the high jewellery game for just slightly over a decade (its first collection was launched in 2009). This latest purchase hints at its growing ambitions in the high jewellery sector.
“Nobody expects us to put such an emphasis on high jewellery,” Michael Burke, CEO of Louis Vuitton told The New York Times. “I think it will spice things up a bit. Wake up the industry.”
The Sewelo diamond certainly shores up Louis Vuitton’s credibility as a serious jewellery player, at a time when its parent company LVMH is boosting its presence in the hard luxury (watches and jewellery) market. In a bid to keep up with rival Richemont, LVMH is closing in on a deal to purchase American jewellery company Tiffany & Co, despite previous speculation that the conglomerate was relooking the buy out.
A RARE OPPORTUNITY
Louis Vuitton is now giving those in Singapore the rare opportunity to gawk at the exceptional Sewelo diamond up close. Since being presented in Paris for the first time in January during Haute Couture Week, the Sewelo diamond has travelled to a few selected countries in the world. Singapore will be its only Southeast Asian stop, with the stone returning to Paris straight after.
The exclusive, by-appointment-only showcase, happening from now till Aug 11, is located at Louis Vuitton’s Island Maison boutique at Marina Bay Sands, where clients will be able to see the diamond in its natural, uncut state.
The main draw of the diamond is of course, its massive size. The diamond is currently covered in a very thin layer of black carbon, which explains its dark appearance. Only once expertly polished will the true colour and clarity of the diamond yield underneath be revealed, adding on to the stone’s mystery.
For interested parties, Louis Vuitton can create bespoke, custom-cut diamonds, fashioned from the Sewelo stone. Clients will be involved in the entire creative process, an “industry disrupting move” that the house believes offers “ultimate personalisation and exclusivity”, in tune with Louis Vuitton’s heritage of “special, made-to-order commissions”.
If you find it a little difficult to imagine the possibilities or what the end product could be, a series of Louis Vuitton’s most recent high jewellery and high watchmaking collections are also on show, specially flown in to complement the showcase.
MOTZA, Israel: Art rather than ostentation is the rationale behind the world’s most expensive coronavirus mask, say the Israeli jewellers who are crafting the US$1.5 million object for an unnamed US-based client.
Made out of 18 carat gold and studded with 3,600 black and white diamonds, the mask will be fitted with an N99 filter to offer a high level of protection, said Isaac Levy, owner of the Yvel jewellery brand.
“I don’t think (the customer is) going to use it going to the supermarket but he is going to use it here and there, I’m sure,” said Levy.
He described the client as a Chinese art collector living in the United States.
“He is a young-old customer of ours, very charming, very outgoing, very wealthy and he likes to stand out,” Levy said. The jeweller plans to deliver the mask personally when it is completed, in October.
The mask, which a team of around 25 artisans is working on, might be viewed a vulgar display of wealth during hard economic times, but for Levy it is above all a work of art.
“For a lot of people around the world it may be the most expensive mask in the world and maybe that’s a really big thing,” he said.
“For us, it’s a way to protect the positions of the people in the factory in order for them to be able to support their families.”