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