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Jeweller - June, Edition II 2020

• Shock value: How jewellers can adapt to and even benefit from the impact of COVID-19 • Brave new world: Preparing your business for the 'next normal' of retail • Double or nothing: experts reveal the key strategies to securing multiple-item sales

• Shock value: How jewellers can adapt to and even benefit from the impact of COVID-19
• Brave new world: Preparing your business for the 'next normal' of retail
• Double or nothing: experts reveal the key strategies to securing multiple-item sales

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Mark Evans<br />

MARK<br />

EVANS FINE<br />

JEWELLERY,<br />

QLD<br />

“[Lockdown]<br />

has given me<br />

time to develop<br />

a new range<br />

of precious<br />

gemstone<br />

jewellery<br />

aimed most<br />

definitely at<br />

a specific<br />

price point.”<br />

“I have had extensive consultation with a local<br />

media agency regarding my business’ online<br />

presence across Instagram and Facebook<br />

i.e. setting up regular posts, the style of the<br />

images and engaging content. I realise now<br />

that I had become a bit complacent and hadn’t<br />

kept up with this side of my business.<br />

[Lockdown] has given me time to develop a<br />

new range of precious gemstone jewellery<br />

aimed most definitely at a specific price point.<br />

I had actually done a lot of the prep work over<br />

the Christmas holiday, but COVID-19 actually<br />

brought this range forward considerably.<br />

[In terms of lessons learnt] I would say be<br />

resilient. This has been an unprecedented<br />

time in history and we were all reeling from<br />

the ramifications COVID-19 thrust upon us.<br />

But, adapting to conditions has brought out<br />

new ways for our businesses to survive, and<br />

hopefully thrive in the future.<br />

Hang in there, and use this extraordinary time<br />

in our lives to reshape your business model<br />

to suit the current climate. Retail is now<br />

a considerably different landscape to pre-<br />

COVID-19 and we have to adapt to it.”<br />

Paul Taylor<br />

PAUL TAYLOR<br />

JEWELLERS, NZ<br />

“I feel the<br />

industry will<br />

revive in<br />

good time...<br />

Quality and<br />

service will<br />

undoubtedly<br />

be most<br />

important<br />

moving<br />

forward.”<br />

“In 49 years of business, we have once again<br />

been dealt a blow unforeseen and obviously out<br />

of our control.<br />

During the New Zealand lockdown we were<br />

completely closed from 24 March, and<br />

reopened at level three on 14 April. The<br />

industry has been impacted with COVID-19 and<br />

we have many trade customers who have been<br />

in hibernation as well .<br />

As with most other Kiwis, we spent our time on<br />

many walks and making use of the days with<br />

projects. Our internet presence has been in<br />

overhaul during this period and I am confident<br />

this is going to be most important in times<br />

ahead.<br />

The staff were left to their own devices during<br />

the lockdown, with the exception of coming<br />

up with design ideas. Simple designs with<br />

a reasonable price point was the message,<br />

and being able to CAD and replicate was also<br />

important.<br />

I feel the industry will revive in good time<br />

as the customers are still here. Quality and<br />

service will undoubtedly be most important<br />

moving forward.”<br />

Steven Jansen<br />

SS<br />

IMPRESSIONS<br />

JEWELLERY<br />

DESIGN<br />

STUDIO, WA<br />

“Always have<br />

a rainy day<br />

fund – in both<br />

monetary and<br />

materials areas<br />

– for at least<br />

six months.”<br />

“Fortunately we weren’t too affected with our<br />

business with the lockdowns. We are already<br />

appointment-only, so the only change we had<br />

was client having to change wedding dates to<br />

next year postponing a few makes. The rest<br />

that had already paid deposits went through<br />

with no cancelled orders.<br />

The only part that was affected was our trade<br />

work side, but thankfully we went from [trade<br />

work comprising] 90 per cent of our business<br />

last March to only 5 per cent of our turnover,<br />

due to the largest of jewellery chains trying to<br />

burn their subcontractors last year, resulting<br />

in our firm pulling out of our contract with<br />

them. [We have focused on] advertising via ma,<br />

and staff completing more CAD training.<br />

[The lesson learnt is to] always have a rainy day<br />

fund – in both monetary and materials areas –<br />

for at least six months.<br />

Even when you’re not busy in the shop or<br />

workshop ,always try to use your time as best<br />

as possible to learn a new skill, revamp your<br />

shop or image, and look for other ways to<br />

make your store work and be more accessible<br />

to your clients.<br />

Don’t look at it as time off, but more like a<br />

forced opportunity to sort your business out.”<br />

Kathryn Wyatt<br />

IMOGENE<br />

JEWELLERY, VIC<br />

Geneva<br />

McArdle<br />

SILKOH / ICHU<br />

JEWELLERY, VIC<br />

“Now that I have more time, I should be doing<br />

photographs and email marketing as I am set<br />

up for it.<br />

However, I have been very busy having a holiday<br />

reorganising my books and office and gem lab<br />

at the shop.<br />

I’ve gained lots of new skills in gemmology with<br />

webinars, masterclasses and university courses<br />

from around the world with experts in their<br />

fields.<br />

The key lesson I have learnt is that I want to<br />

retire – possibly. There are more things to life<br />

than just working at a job!”<br />

“[We have focused on] e-commerce,<br />

social-media, marketing, dropshipping and<br />

stocktaking. [The team has gained skills in]<br />

bookkeeping and e-commerce management.<br />

Anything can happen – remain positive and<br />

focus on the strengths of your business.<br />

Keep on keeping on! Don’t give up during<br />

hard times, simply focus your energy on the<br />

successful avenues of your business and really<br />

make that thrive.”<br />

<strong>June</strong> <strong>2020</strong> | 51

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