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(January 23, ’12, JCK)
“Retail observers have been significantly overestimating our use of online and digital technology for shopping,” said Nicole Flasch-Mihalko, a member of the LIM College NRFSA team, in a statement. “We like shopping in stores and are not as engaged in shopping on the Internet as many have touted. I guess the demise of the brick and mortar format of retailing—at least for 18-25 year-olds—is grossly exaggerated.”
(January 29, ’12, IDEX Online)
(IDEX Online) – Despite reasonably solid consumer demand, some jewelers apparently increased price discounting prior to Christmas, creating a deflationary trend in December at the supplier and the retail levels, when compared to November jewelry prices.
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(January 30, ’12, JCK)
The 57,500 ct. watermelon-size green rock, whose authenticity was increasingly coming under question, failed to attract any bids at its scheduled Jan. 28 auction by Kelowna, Canada–based Western Star Auctions.
(September 8, ’11, IDEX)
(IDEX Online News) – Traders, wholesalers and service providers reported good business at International Jewellery London, which closed Wednesday evening.
While the floor was not crowded with visitors – the numbers are up from last year by about 2 percent to over 9,000 visitors – and the mood among buyers was cautious, the show was able to attract buyers stocking up on items.
(August 31, ’11, The BJA)
The KickStart initiative was launched as a bursary scheme for fledgling jewellery designers attending International Jewellery London for the first time and three years on it still acts as a commercial launch pad for the ten promising designers at one of the UK’s most prestigious industry shows. The project has been supported from its inception by the British Jewellers’ Association and Marketing Manager, Lindsey Straughton gives advice to the participates in a pre event workshop, hosted by the show organizers Reed exhibitions, as well as practical help on the stand during the show.
(August 23, ’11, HH Magazin)
Watches in gold and bi-metal experienced particularly sustained growth, both in value and in terms of the number of pieces. Mechanical timepieces lagged behind somewhat with growth in single figures. In all 2.6 million timepieces left Switzerland in July, bringing the running total since January to 16.6 million units (+19.8% compared to January-July 2010).
Nicolas and Nick Hayek
(September 8, ’11, HH Magazine)
Nicolas Hayek dropped the bombshell in 2009. Now his son Nick is putting the plan into practice. The Swiss watch industry will ultimately have to manage without Swatch Group for its parts. As the late Nicolas Hayek announced, this concerns everything from finished movements and assortments to escapements, balances and springs.
(July 7, ’11, Antwerp Facets)
Ahead of its Annual General Meeting to be held later today in Geneva, Richemont announces that its sales for the five months ended 31 August 2011 increased by 29 % at actual exchange rates. At constant exchange rates, sales increased by 35 %.
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Justine Bieber
(September 4, ’11, Antwerp Facets)
U.S. teen pop sensation Justin Bieber is doing his bit for diamonds – having ordered a custom-made diamond grill to cover six of his teeth.
It is not planned to be a permanent fixture, however, but rather as part of a Halloween costume.
(August 31, ’11, Antwerp Facets)
Online sales have come a long way over the past decade and continue to change the way we buy goods.
Would you buy a valuable piece of jewellery online? Would a man dare to buy an engagement ring to present to a woman he hopes will say ‘yes’ online without seeing and inspecting it?
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