Jeweller - March 2022
Tying the knot: Jewellers still rule on engagement jewellery Brand & Deliver: Uncovering the secret formula for a successful jewellery brand Open to buy: Comprehensive stock buying guide to kickstart 2022
Tying the knot: Jewellers still rule on engagement jewellery
Brand & Deliver: Uncovering the secret formula for a successful jewellery brand
Open to buy: Comprehensive stock buying guide to kickstart 2022
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Brighter Branding | FEATURE<br />
Cartier<br />
L to R: Golshifteh Farahani for Cartier ; Kylie Jenner for Messika ; Anya Taylor-Joy for Tiffany & Co.<br />
be an integral part of the jewellery trade and has enjoyed<br />
significant growth as it has become more entrenched in the<br />
market. The shift in distribution strategy by some of the global<br />
brands has driven significant change,” Edwards says.<br />
The increasing influence of social media has played an<br />
important part in the growth and reach of brands says<br />
Rachael Abbott, manager of marketing and merchandise at<br />
Time Supply.<br />
“There has been such a huge increase in social media,<br />
especially during COVID, customers are very focused on what<br />
is the latest trend and what they see online. They want to be<br />
seen to be a part of it,” she explains.<br />
“There is definitely a focus on personalised jewellery especially<br />
on a brand such as Nomination, where people can express<br />
their personal identity, celebrating special moments in life.”<br />
The personalisation aspect is not unsurprising given that the<br />
success of the category was largely built on the notion.<br />
“Branded jewellery is very much about self-expression,<br />
particularly among our core demographic of 18 to 35 year<br />
old females. This expression is a huge part of their identity,<br />
and with branded jewellery this can be communicated easily,<br />
and with confidence even when the rest of their fashion/look<br />
is expected to be restricted,” says Karen Ridikas, director of<br />
Couture Kingdom.<br />
“The importance of this self-expression and having ways to<br />
communicate your passions and ‘fandoms’ - we believe - has<br />
strengthened this category. Plus, we are seeing young men<br />
increasingly part of our consumer base, too, due to the rise in<br />
dominant common pop culture sectors across a multitude of<br />
medias and experiences,” she adds.<br />
That said, in more recent times the branded arena has also<br />
expanded from the ‘fashion focused’ product into the fine<br />
jewellery category, which is rather ironic given that in the<br />
early days many retailers looked down upon Pandora for<br />
being cheap ‘costume’ jewellery.<br />
Today, branded jewellery collections encompass high-end to<br />
fashion designs that include diamonds, colour gemstones,<br />
platinum and sterling silver. While branded jewellery was often<br />
associated with the fashion category, today it has no bearing<br />
on materials.<br />
Chris Soklich, director Ellendale Diamonds, points to changes<br />
that only a few years ago would not have been considered<br />
relevant to the category.<br />
GE T TING IT RIGHT<br />
Brand Priorities<br />
Steve Der Bedrossian<br />
SAMS Group Australia<br />
“Creating relationships with<br />
customers can drive exposure<br />
and brand awareness, only gained<br />
when branding is strong and drives<br />
products and design.”<br />
Rachael Abbott<br />
Timesupply<br />
“Brands that focus on their<br />
customers’ emotions and identities<br />
instead of their product’s unique<br />
features, have a better chance of<br />
building brands that inspire love,”<br />
Justin Veil<br />
Designa Accessories<br />
“Expansion of stand-alone stores<br />
for many branded jewellery<br />
concepts has also helped<br />
broaden acceptance of the<br />
category for consumers and also<br />
tap into customer segments who<br />
may not have been shopping in<br />
traditional jewellers.”<br />
“Consumers are more socially aware; sustainability and<br />
credibility are key focuses. They want to be informed and<br />
can compare brands more readily as access to marketing<br />
is available now across multiple platforms at any time,”<br />
Socklich explains, adding, “brands - more so than ever -<br />
build a presence through offering a lifestyle.”<br />
Someone who has seen a lot of change throughout the<br />
industry - and in particular the branded category - is Steve<br />
Der Bedrossian, managing director SAMS Group. Having<br />
recently entered the market with a new collection of Australian<br />
sapphire jewellery following the success of branded pink<br />
diamond jewellery Blush Pink, he believes that COVID assisted<br />
many local brands to gain prominence as they sought stock<br />
and support from suppliers closer to home.<br />
“People are now more focused on timeless pieces with<br />
longevity, quality, and aesthetics. The pandemic has also<br />
changed purchase habits, as Australian consumers are now<br />
more likely to seek locally made products, so this must be<br />
a core focus for marketing and branding when products are<br />
positioned at a higher price.”<br />
It ain’t going anywhere<br />
There was a time where industry pundits predicted that<br />
branded jewellery was a fad - something that would fall by the<br />
wayside - but those days are long gone. The category is well<br />
entrenched in the jewellery industry today and while it may<br />
not be for all retailers, the arrival of new brands with a diverse<br />
offering will continue, albeit perhaps a little slower in a post-<br />
COVID world.<br />
That said, there are many reasons why astute retailers will<br />
look towards a sensible offering of branded products within<br />
their own niche.<br />
“Brand confidence and trust from consumers is important<br />
when they are purchasing a luxury good, such as jewellery,<br />
as in order to gain loyalty the brand must deliver in<br />
all aspects including design, quality, and service,” Der<br />
Bedrossian explains.<br />
“Creating relationships with customers can drive exposure<br />
and brand awareness, only gained when branding is strong<br />
and drives products and design,” he adds.<br />
“Brands that focus on their customers’ emotions and identities<br />
instead of their product’s unique features, have a better chance<br />
of building brands that inspire love,” Abbott says.<br />
She adds that retailers can use this “knowledge to engage<br />
42 | <strong>March</strong> <strong>2022</strong>