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Jeweller - May 2023

• The Time has Come: learn all about the latest new watch releases • Change of Heart: build a loyal base of customers with branded jewellery • Gemstones Galore: enthusiasm for colour gemstone jewellery on the rise

• The Time has Come: learn all about the latest new watch releases
• Change of Heart: build a loyal base of customers with branded jewellery
• Gemstones Galore: enthusiasm for colour gemstone jewellery on the rise

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VOICE OF THE AUSTRALIAN JEWELLERY INDUSTRY MAY <strong>2023</strong><br />

The Time Has Come<br />

LEARN ALL ABOUT THE LATEST<br />

NEW WATCH RELEASES<br />

Change Of Heart<br />

BUILD A LOYAL BASE OF CUSTOMERS<br />

WITH BRANDED JEWELLERY<br />

Gemstones Galore<br />

ENTHUSIASM FOR COLOUR GEMSTONE<br />

JEWELLERY ON THE RISE<br />

<strong>May</strong> <strong>2023</strong> | 1


EXCLUSIVELY DISTRIBUTED IN AUSTRALIA AND NEW ZEALAND BY<br />

AU +61 2 8543 4600 NZ +64 9 480 2211 | designaaccessories.com.au


Helping you shine<br />

yesterday, today<br />

& tomorrow.<br />

Proudly serving the Australian & New Zealand<br />

jewellery industry for 27 years<br />

worldshiner.com


Sapphire Dreams celebrates the natural wonders Australia has to offer, in the form of<br />

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the hands of our skilful gem cutters. Mined on Australia’s east coast, Sapphire Dreams<br />

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Our Australian sapphire jewellery is available in 9ct or 18ct White, Rose or Yellow Gold,<br />

with many designs enhanced by sparkling, elegant white diamonds.<br />

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0.50 CT TW<br />

2.00 CT TW<br />

4.00 CT TW<br />

STUD<br />

EARRINGS<br />

Sale Price<br />

$199<br />

Memo Price<br />

$219<br />

Sale Price<br />

$699<br />

Memo Price<br />

$799<br />

Sale Price<br />

$1,899<br />

Memo Price<br />

$2,099<br />

Also available: 0.75 CT TW, 1.00 CT TW, 1.50 CT TW, 3.00 CT TW,<br />

15MM<br />

HUGGIES<br />

23.5MM ALSO<br />

AVAILABLE<br />

2.00 CT TW<br />

Sale Price<br />

$649<br />

Memo Price<br />

$799<br />

2.50 CT TW<br />

Sale Price<br />

$999<br />

Memo Price<br />

$1,299<br />

3.50 CT TW<br />

Sale Price<br />

$1,499<br />

Memo Price<br />

$1,999<br />

SMALL OVAL<br />

HOOPS<br />

MEDIUM & LARGE<br />

ALSO AVAILABLE<br />

1.00 CT TW<br />

Sale Price<br />

$399<br />

Memo Price<br />

$449<br />

Also available: 1.00 CT TW, 1.50 CT TW<br />

2.00 CT TW<br />

Sale Price<br />

$749<br />

Memo Price<br />

$849<br />

3.00 CT TW<br />

Sale Price<br />

$1,299<br />

Memo Price<br />

$1,449<br />

2.00 CT TW<br />

5.00 CT TW<br />

10.00 CT TW<br />

TENNIS<br />

BRACELETS<br />

Sale Price<br />

$899<br />

Memo Price<br />

$999<br />

Sale Price<br />

$2,249<br />

Memo Price<br />

$2,499<br />

Sale Price<br />

$3,499<br />

Memo Price<br />

$3,859<br />

Also available: 3.00 CT TW, 7.00 CT TW<br />

1.00 CT TW<br />

1.50 CT TW<br />

2.00 CT TW<br />

SOLITAIRE<br />

RINGS<br />

Sale Price<br />

$499<br />

Memo Price<br />

$549<br />

Sale Price<br />

$699<br />

Memo Price<br />

$799<br />

Sale Price<br />

$1,099<br />

Memo Price<br />

$1,249<br />

Also available: 0.50 CT TW, 0.75 CT TW<br />

1.00 CT TW<br />

1.50 CT TW<br />

2.00 CT TW<br />

SOLITAIRE<br />

PENDANTS<br />

Sale Price<br />

$449<br />

Memo Price<br />

$499<br />

Sale Price<br />

$799<br />

Memo Price<br />

$899<br />

Sale Price<br />

$999<br />

Memo Price<br />

$1,099<br />

Also available: 0.25 CT TW, 0.38 CT TW, 0.50 CT TW, 0.75 CT TW<br />

10.00 CT TW<br />

13.50 CT TW<br />

15.00 CT TW<br />

TENNIS<br />

NECKLACES<br />

Sale Price<br />

$3,299<br />

Memo Price<br />

$3,649<br />

Sale Price<br />

$4,999<br />

Memo Price<br />

$5,499<br />

Sale Price<br />

$5,499<br />

Memo Price<br />

$6,049<br />

Also available: 6.00 CT TW, 7.50 CT TW<br />

5-STONE<br />

RINGS<br />

7-STONE RINGS<br />

ALSO AVAILABLE<br />

1.50 CT TW<br />

Sale Price<br />

$649<br />

Memo Price<br />

$749<br />

Also available: 1.00 CT TW, 1.25 CT TW<br />

2.00 CT TW<br />

Sale Price<br />

$749<br />

Memo Price<br />

$849<br />

2.50 CT TW<br />

Sale Price<br />

$899<br />

Memo Price<br />

$999<br />

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Shape<br />

Weight<br />

Col/Clar<br />

Cut<br />

Polish<br />

Symmetry<br />

Discount%<br />

Depth%<br />

Table%<br />

Total$<br />

559284339<br />

561265188<br />

549299517<br />

561254530<br />

566395914<br />

571308970<br />

563231704<br />

572356358<br />

502156276<br />

550256057<br />

534250059<br />

530210482<br />

550245240<br />

573393945<br />

570366815<br />

566307582<br />

567372978<br />

529263008<br />

559296182<br />

546219041<br />

547257329<br />

546219244<br />

559297491<br />

564363887<br />

508123806<br />

564352771<br />

541250984<br />

539233540<br />

551291152<br />

555265123<br />

566306823<br />

519255431<br />

494185359<br />

492131396<br />

544282930<br />

560218690<br />

572346350<br />

546298186<br />

559295259<br />

BR<br />

BR<br />

BR<br />

BR<br />

BR<br />

BR<br />

BR<br />

BR<br />

BR<br />

PR<br />

PR<br />

PR<br />

PR<br />

PS<br />

PS<br />

PS<br />

PS<br />

PS<br />

EM<br />

EM<br />

EM<br />

EM<br />

CU<br />

CU<br />

CU<br />

RAD<br />

RAD<br />

RAD<br />

MQ<br />

MQ<br />

MQ<br />

MQ<br />

AS<br />

AS<br />

OV<br />

OV<br />

OV<br />

OV<br />

OV<br />

5.01<br />

4.2<br />

4<br />

3.61<br />

3.5<br />

3.24<br />

3.12<br />

2.99<br />

1.19<br />

6.26<br />

2.31<br />

2.07<br />

1.7<br />

5.02<br />

4.06<br />

3.09<br />

2.05<br />

1.53<br />

5.01<br />

2.01<br />

1.63<br />

1.5<br />

5.01<br />

2.07<br />

1.5<br />

5<br />

2.03<br />

1.51<br />

5.02<br />

4.01<br />

3.16<br />

2.1<br />

5.05<br />

2.41<br />

5.01<br />

4.01<br />

3.1<br />

2.06<br />

1.6<br />

G-VS1<br />

G-VS2<br />

F-VS2<br />

E-VS1<br />

F-VS1<br />

G-VS2<br />

F-VS2<br />

F-VVS2<br />

D-VS1<br />

F-VS1<br />

G-VS1<br />

F-SI1<br />

E-VS1<br />

F-VS1<br />

G-VS1<br />

F-SI1<br />

F-VS2<br />

F-SI1<br />

E-SI1<br />

E-SI1<br />

F-VS2<br />

G-SI1<br />

E-VS1<br />

D-SI1<br />

E-SI1<br />

G-VS1<br />

F-VS1<br />

G-VS1<br />

E-VS1<br />

E-VS2<br />

G-VS1<br />

G-VS1<br />

H-VS1<br />

G-VS1<br />

G-VS2<br />

G-VS1<br />

F-VS1<br />

E-VS2<br />

D-VS2<br />

EX<br />

ID<br />

EX<br />

ID<br />

EX<br />

ID<br />

ID<br />

EX<br />

ID<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

EX<br />

-98.20<br />

-98.55<br />

-98.20<br />

-98.25<br />

-98.35<br />

-98.60<br />

-98.60<br />

-97.80<br />

-96.00<br />

-98.30<br />

-98.35<br />

-98.25<br />

-98.00<br />

-97.60<br />

-98.05<br />

-98.30<br />

-98.05<br />

-98.00<br />

-98.95<br />

-98.40<br />

-98.20<br />

-98.10<br />

-98.55<br />

-98.40<br />

-98.20<br />

-98.55<br />

-98.00<br />

-97.60<br />

-97.10<br />

-97.00<br />

-98.30<br />

-98.05<br />

-97.90<br />

-97.70<br />

-98.55<br />

-98.55<br />

-98.35<br />

-98.25<br />

-97.50<br />

63.2<br />

61.9<br />

62.8<br />

62.2<br />

62.9<br />

60.2<br />

62<br />

59.8<br />

62.5<br />

69.1<br />

72.6<br />

72<br />

73.7<br />

63.9<br />

62.4<br />

62.9<br />

61.9<br />

62.6<br />

65.8<br />

68<br />

66.2<br />

66.5<br />

61.7<br />

67.7<br />

68.8<br />

62.1<br />

65.8<br />

66.5<br />

59.5<br />

66.2<br />

62.3<br />

63.2<br />

65.7<br />

65.4<br />

63.7<br />

63.8<br />

62.1<br />

63<br />

62.9<br />

59.5<br />

58<br />

54.5<br />

56.5<br />

57.5<br />

59<br />

58<br />

61.5<br />

57<br />

66.5<br />

67.5<br />

66<br />

67.5<br />

61.5<br />

58<br />

58<br />

61<br />

60<br />

69<br />

62.5<br />

62.5<br />

56.5<br />

62<br />

59<br />

58<br />

68<br />

62.5<br />

65<br />

62<br />

60<br />

58<br />

57.5<br />

69<br />

62<br />

62.5<br />

59<br />

60.5<br />

59<br />

57.5<br />

$4373.73<br />

$1979.25<br />

$2628.00<br />

$2305.89<br />

$1876.88<br />

$1111.32<br />

$1244.88<br />

$1545.83<br />

$575.96<br />

$5480.63<br />

$590.78<br />

$478.17<br />

$435.20<br />

$6204.72<br />

$2454.27<br />

$1024.34<br />

$619.61<br />

$302.94<br />

$1841.18<br />

$453.46<br />

$328.61<br />

$262.20<br />

$4068.12<br />

$500.11<br />

$283.50<br />

$3262.50<br />

$690.20<br />

$405.89<br />

$8152.48<br />

$4150.35<br />

$1208.70<br />

$634.72<br />

$3764.78<br />

$859.16<br />

$2796.83<br />

$1802.50<br />

$1278.75<br />

$594.82<br />

$496.00<br />

22 W 48th St, New York, NY 10036, USA<br />

Call: (212)-764-7841 | Email: sales@elgdiamonds.com<br />

Website: www.sanghavisolitaire.com/Home/DailySpecial


MGDL is a leading Australian watch distributor proudly representing some of the most<br />

recognised brands in the fashion watch market including international brands such as<br />

Tommy Hilfiger, Hugo Boss, Coach, Lacoste, MVMT, Olivia Burton and Calvin Klein.


P: +61 3 9372 1122 | info@mgdl.com.au | mgdldistribution.com.au


XXXX MAY <strong>2023</strong> 2022<br />

Contents<br />

This Month<br />

Industry Facets<br />

15 Editorial<br />

16 Upfront<br />

18 News<br />

28<br />

31<br />

72<br />

74<br />

10 YEARS AGO<br />

Time Machine: <strong>May</strong> 2013<br />

LEARN ABOUT GEMS<br />

Tools of the Trade: Part III<br />

MY BENCH<br />

Ash Bright<br />

SOAPBOX<br />

Barbara Wheat<br />

33 FOCUS FEATURE<br />

Bringing brand game<br />

4The key to successfully stocking branded<br />

jewellery is converting customers committed to<br />

the brand into customers loyal to your store.<br />

Features<br />

33<br />

44<br />

BRANDED JEWELLERY FEATURE<br />

Strengthen your brand game<br />

WATCH CATALOGUE<br />

Learn all about the latest watch and timepiece releases<br />

57<br />

COLOUR GEMSTONE JEWELLERY<br />

Emerald, sapphire, morganite: the full spectrum<br />

Better Your Business<br />

44 WATCH BUYING GUIDE<br />

Tick, tock, tick...<br />

4Learn about the exciting new influx of watch and<br />

timepiece releases on offer from leading suppliers.<br />

66<br />

68<br />

69<br />

70<br />

71<br />

BUSINESS STRATEGY<br />

We've all heard the phrase "anyone can sell." BRIAN WALKER strongly disagrees.<br />

SELLING<br />

STEVEN VAN BELLEGHEM encourages you to avoid overthinking customer criticism.<br />

MANAGEMENT<br />

Dealing with dysfunctional staff? PAUL KEIJZER details the path forward.<br />

MARKETING & PR<br />

DAVE WAKEMAN explains the importance of offering something unique.<br />

LOGGED ON<br />

THOMAS YOUNG outlines several all-too-common digital marketing mistakes.<br />

57 COLOUR GEMSTONE JEWELLERY<br />

Unique identity<br />

4The contemporary consumer<br />

seeks unique and personalised<br />

jewellery like never before, with<br />

an emphasis on self expression.<br />

SAMUEL ORD highlights the<br />

advantage colour gemstone<br />

jewellery offers retailers.<br />

FRONT COVER<br />

Thomas Sabo has changed its<br />

approach to the Charm Club<br />

collection with the launch of the<br />

Charmista campaign. Bracelets<br />

and necklaces featuring a new<br />

engravable Charmista Coin<br />

are available, with impressive<br />

benefits on offer for Charm Club<br />

members. To learn more visit:<br />

thomassabo.com.au<br />

dgau.com.au/thomas-sabo<br />

<strong>May</strong> <strong>2023</strong> | 13


News<br />

(02) 9417 0177 / dgau.com.au<br />

14 | <strong>May</strong> <strong>2023</strong><br />

baume-et-mercier.com<br />

Riviera Automatic, 42mm


Editor’s Desk<br />

Michael Hill and Bevilles:<br />

History never repeats itself, but it does often rhyme<br />

The international jewellery industry is an ever-changing landscape.<br />

ANGELA HAN reflects on Michael Hill’s acquisition of Bevilles.<br />

The recent announcement that global<br />

jewellery chain Michael Hill International<br />

would acquire its smaller rival Bevilles<br />

was certainly unexpected and caught the<br />

industry by surprise.<br />

While the deal remains subject to<br />

approval by the Australian Competition and<br />

Consumer Commission (ACCC) and the Fair<br />

Work Commission, it brings to mind the last<br />

time a significant acquisition occurred in the<br />

jewellery retail sector - Prouds’ buy-out of<br />

Angus and Coote in 2007.<br />

That deal was approved by the ACCC<br />

and led to the Australian Stock Exchange<br />

(ASX) listed Angus and Coote (A&C) – along<br />

with its associated businesses Edments,<br />

Goldmark and Dunklings – being acquired<br />

by the privately owned New Zealand-based<br />

company James Pascoe Ltd.<br />

A&C was subsequently delisted from<br />

the ASX, and more interestingly it meant<br />

that Australia’s two largest jewellery<br />

businesses were New Zealand owned.<br />

In a similar set of circumstances to the<br />

A&C deal, the Bevilles acquisition by<br />

Michael Hill draws to an end a long<br />

family tradition.<br />

A little history<br />

At the time of acquisition, A&C was 111<br />

years old and the original owners, the<br />

Coote family, had owned and operated<br />

the business for decades. The founder,<br />

Edmund Coote, passed the business<br />

down to his son Roy Coote which<br />

expanded significantly in the 1970s.<br />

The overall business had increased<br />

to around 250 stores and the family's<br />

last owner was Tony Coote.<br />

In an interview with the Australian<br />

Financial Review at the time of the sale,<br />

he described feeling “like it was the final<br />

day of school.”<br />

The sale came at a time when fashion<br />

jewellery trends were surging – a far cry<br />

from traditional fine jewellery which was<br />

A&C's specialty. Amid financial hardship,<br />

the company made a loss of $3.8 million in<br />

2006, against a profit of $6 million in 2005.<br />

It would seem that the experiences of A&C<br />

foreshadowed the road ahead for Bevilles.<br />

Bevilles was founded in 1934 by Leo<br />

and Raie Beville, who owned a store in<br />

Melbourne’s Bourke Street.<br />

Bevilles entered voluntary administration<br />

in April 2014, when a proposed business<br />

restructure was presented to creditors.<br />

Representatives confirmed it owed<br />

more than $10 million as the first major<br />

jewellery retailer to fail in 18 years.<br />

The Melbourne-based company had<br />

incurred trading losses of more than<br />

$10 million over the previous three years<br />

and total claims against it amounted<br />

to $14 million. Three years later and a<br />

49 per cent stake of the company was<br />

sold to India’s Tara Jewels.<br />

At the time of publication, Beville’s current<br />

store count is 26, located in three states -<br />

Victoria, NSW, and South Australia.<br />

This is an increase of two stores since<br />

<strong>Jeweller</strong>’s most recent State of the<br />

Industry Report which detailed Beville’s<br />

up-and-down history. In 2010 the<br />

company operated 29 stores.<br />

Time is a flat circle<br />

The announcement of the sale of Bevilles<br />

is well-timed as <strong>Jeweller</strong> is currently<br />

undergoing a major research project. It’s<br />

interesting to note that it will be an update<br />

on a project which was first published in<br />

2003 – and coincidentally, was spurred by<br />

the news from Bevilles.<br />

At the time, Bevilles had announced<br />

plans to open its first retail outlet outside<br />

of Victoria. Interestingly, the business<br />

selected the Westfield shopping centre<br />

in Parramatta, NSW.<br />

You may be wondering why that specific<br />

location was of interest?<br />

There was no shortage of jewellery stores<br />

already present in that particular shopping<br />

centre – in fact, our research found that<br />

Bevilles would become the 22nd jeweller<br />

within the complex!<br />

Putting aside the obvious question of<br />

'Why does Westfield Parramatta need<br />

another jewellery store?', it prompted<br />

some other interesting discussions.<br />

We also pondered: how many jewellers<br />

are ‘too many’ in one location?<br />

One consideration was whether the<br />

shopping centre landlords cared about the<br />

The<br />

investigation<br />

confirmed our<br />

suspicions:<br />

centre landlords<br />

work this out<br />

with a specific<br />

formula - the<br />

statistics across<br />

all capital<br />

cities were too<br />

consistent to<br />

ignore!<br />

retail ratio of the complex when it comes to<br />

the jewellery category.<br />

We decided to investigate and what began<br />

as a small series of news stories (i.e.<br />

mainly covering the Bevilles expansion<br />

into NSW), evolved into a major study of<br />

jewellery stores in all the shopping centres<br />

of Australia’s capital cities.<br />

The <strong>May</strong> 2003 report asked the question:<br />

Do we have too many jewellers in our<br />

shopping centres?<br />

The investigation confirmed our suspicions:<br />

centre landlords seem to operate within a<br />

specific formula - the statistics across all<br />

capital cities were too consistent to ignore!<br />

Perhaps the most important observation<br />

was that no matter the size and/or location<br />

of the shopping centre, jewellers accounted<br />

for around five per cent of all stores. The<br />

study cast an interesting light on many<br />

other aspects of operating a business in<br />

a shopping centre - I wonder if their retail<br />

ratio has changed?<br />

The best is yet to come<br />

I mentioned above that just prior to the<br />

announcement of Michael Hill acquiring<br />

Bevilles we'd coincidentally begun an<br />

update on the original investigation.<br />

It appears serendipitous for our 20-year<br />

anniversary of the original report.<br />

I’ve no doubt that the industry will have<br />

changed dramatically over the past<br />

two decades – whether it be due to the<br />

increased levels of online shopping, the<br />

lingering effects of the COVID pandemic<br />

or changes to consumer habits and how<br />

it will continue to shift with the introduction<br />

of AI - there’s more change to come!<br />

Indeed, Michael Hill has already declared<br />

that over the next five years it plans to open<br />

more than 80 new Bevilles locations in<br />

Australia, New Zealand, and Canada.<br />

For now, I have to leave it here. We are<br />

now completing the research of the relevant<br />

data, and I’m sure the report will change<br />

the way you view the jewellery trade.<br />

The new report will be released in<br />

December. Watch this space!<br />

Angela Han<br />

Publisher<br />

<strong>May</strong> <strong>2023</strong> | 15


Upfront<br />

Rewind: Best Bench Tip<br />

FEBRUARY 2018<br />

"Polish all parts first,<br />

check and polish<br />

again. The final finish<br />

is how a customer<br />

perceives all of your<br />

work."<br />

ALFIE GRYG<br />

ALLGEM JEWELLERS<br />

HISTORIC GEMSTONE<br />

The Liberty Bell Ruby<br />

4Liberty Bell Ruby is a sculpture<br />

created from the world’s largest<br />

mined ruby, which weighs four<br />

pounds and is 8.5 thousand carats.<br />

The ruby was discovered in East<br />

Africa in the 1950s and in 1976, was<br />

sculpted to resemble the iconic<br />

Liberty Bell, an iconic symbol of US<br />

independence. The Liberty Bell Ruby<br />

features 50 additional diamonds and<br />

was valued at $US2 million. In 2011,<br />

the piece was stolen in a jewellery<br />

store heist in Delaware. Despite four<br />

men being arrested and indicted for<br />

the theft, the Liberty Bell Ruby has<br />

not been recovered.<br />

Trend Spotting<br />

4From crochet to macrame and<br />

appliqué, fashion is embracing<br />

handmade techniques like never<br />

before and jewellery is no exception.<br />

As <strong>2023</strong> continues, leading jewellery<br />

designers are finding ways to<br />

incorporate beads, shells, and stones<br />

into their creations. The necklaces<br />

and earrings often look like they could<br />

have been found at the bottom of your<br />

older relative's jewellery box.<br />

Galaxy Hoops; Tony Burch<br />

Julia Roberts, Chopard<br />

Stranger Things<br />

Weird, wacky and wonderful<br />

jewellery news from around the world<br />

Tiffany & Co tease<br />

4As part of an April Fools joke,<br />

Tiffany & Co unveiled a pair of<br />

gemstone encrusted sneakers on<br />

social media, headlined by more than<br />

17,000 diamonds. “In an unparalleled<br />

display of craftsmanship, Tiffany's<br />

in-house master artisans hand-set<br />

over 17,000 scintillating diamonds<br />

totalling over 1,837 carats on each<br />

shoe. Price strictly upon request,”<br />

the post continued. The majority<br />

of commentors were quick to<br />

acknowledge the joke; however, given<br />

the company’s new partnership with<br />

Nike, not all caught on immediately.<br />

Years in the making<br />

4Elite watchmaker Jacob & Co<br />

has unveiled its latest design, the<br />

Billionaire Timeless Treasure.<br />

The timepiece incorporates 216<br />

carats of Asscher-cut fancy colour<br />

yellow diamonds and 76 green<br />

tsavorites, with a total weight of<br />

3.59 carats. The company said that<br />

gathering the diamonds took more<br />

three years. Interested? The watch<br />

can be all yours for a mere $US20<br />

million ($AU29.52 million).<br />

Digital Brainwave<br />

The Richemont Group<br />

has collaborated with<br />

law enforcement to<br />

launch Enquirius.<br />

4Richemont has launched a new digital<br />

platform to upload and share information<br />

on watches and jewellery in a move<br />

to limit industry-related crime. The<br />

Enquirus platform is a collaboration with<br />

manufacturers, law enforcement agencies,<br />

insurance companies, the pre-owned<br />

market, and consumers. It is open to all<br />

luxury brands and allows different users to<br />

upload, search and share data. It currently<br />

has more than 175 watch brands and<br />

several leading jewellery brands signed<br />

up to the platform, including Richemont<br />

brands and others in the trade.<br />

Campaign Watch<br />

4Julia Roberts is the new global<br />

ambassador for the Swiss jewellery and<br />

timepiece company Chopard. In the new<br />

multi-year role, the Oscar-winning actress<br />

will represent all women’s watches, high<br />

jewellery and luxury jewellery collections.<br />

To mark the appointment, Roberts and<br />

Chopard have collaborated on a new<br />

campaign which was unveiled on the<br />

International Day of Happiness.<br />

Fifth time’s a charm<br />

4Controversial media magnate<br />

Rupert Murdoch has presented his<br />

finance with a $US2.5 million ($AU3.69<br />

million) engagement ring. The 92-yearold<br />

is the executive chairman of News<br />

Corp, and recently confirmed his<br />

engagement to Ann Lesley Smith after<br />

divorcing his fourth wife, supermodel<br />

Jerry Hall, in July of 2022. Smith was<br />

spotted in Los Angeles wearing a new<br />

11-carat Asscher-cut diamond ring.<br />

VOICE OF THE AUSTRALIAN JEWELLERY INDUSTRY<br />

Published by Befindan Media Pty Ltd<br />

Locked Bag 26, South Melbourne, VIC 3205 AUSTRALIA | ABN 66 638 077 648 | Phone: +61 3 9696 7200 | Subscriptions & Enquiries: info@jewellermagazine.com<br />

Publisher Angela Han angela.han@jewellermagazine.com • Journalist Samuel Ord samuel.ord@jewellermagazine.com<br />

Production Learoy Bangis art@befindanmedia.com • Advertising Toli Podolak toli.podolak@jewellermagazine.com • Accounts Paul Blewitt finance@befindanmedia.com<br />

Copyright All material appearing in <strong>Jeweller</strong> is subject to copyright. Reproduction in whole or in part is strictly forbidden without prior written consent of the publisher. Befindan Media Pty Ltd<br />

strives to report accurately and fairly and it is our policy to correct significant errors of fact and misleading statements in the next available issue. All statements made, although based on information<br />

believed to be reliable and accurate at the time, cannot be guaranteed and no fault or liability can be accepted for error or omission. Any comment relating to subjective opinions should be addressed to<br />

the editor. Advertising The publisher reserves the right to omit or alter any advertisement to comply with Australian law and the advertiser agrees to indemnify the publisher for all damages or liabilities<br />

arising from the published material.


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palloys.com


News<br />

Canadian police stunned<br />

by brazen gold heist<br />

Shock takeover: Michael Hill acquires rival Bevilles<br />

Michael Hill International has acquired Australian<br />

retail rival Bevilles in a strategic $45 million deal.<br />

Canadian authorities have launched an<br />

investigation after a container holding<br />

almost 3,600 pounds (1,633 kilograms) of<br />

gold vanished from Toronto Pearson<br />

International Airport.<br />

The Toronto Sun has reported that the gold<br />

stolen was valued at approximately $US15<br />

million ($AU22.4 million); however, other<br />

sources suggest the value is closer to $US100<br />

million ($AU149.5 million).<br />

The report suggested the theft was likely linked<br />

to organised crime, citing an unnamed police<br />

source. Other valuable items were also taken.<br />

Investigators believe the heist occurred on<br />

17 April. Peel Regional Police inspector<br />

Stephen Duivesteyn said the investigation<br />

would explore ‘all avenues’ and described the<br />

incident as isolated and rare.<br />

"Our goal is to solve this theft. We want to solve<br />

it. I cannot provide exact details. We do not<br />

consider this a public safety matter,” he said.<br />

"We're three days in, so our investigators have<br />

their eyes open to all avenues. We're kind of<br />

keeping a broad outlook on it, so we're looking<br />

fromall angles on how this item was stolen."<br />

The Toronto Pearson International Airport is<br />

Canada’s busiest airport. It’s believed thieves<br />

accessed the public side of a warehouse which<br />

is leased to a third party outside the ‘primary<br />

security line’.<br />

Michael Hill CEO Daniel Bracken said that<br />

Bevilles strength in gold and silver products<br />

would complement his company’s reputation for<br />

diamond jewellery.<br />

“It has a completely different product proposition<br />

to the Michael Hill business, and is predominantly<br />

focused on gold, silver, and watches, whereas<br />

Michael Hill is predominantly diamonds,” he told<br />

The Australian Financial Review.<br />

“The majority of Bevilles pricing sits below $500.<br />

We’ve stepped away from the mid-market, but we<br />

see that there’s still a big opportunity at that end<br />

of the market.”<br />

The company is planning to open more than<br />

80 new Bevilles stores by 2028, including<br />

expansion in New Zealand and Canada where<br />

Michael Hill already operates. Michael Hill<br />

operates 148 in Australia, along with 47 in<br />

New Zealand and 86 in Canada.<br />

Turbulent times<br />

Despite many media reports stating the<br />

company has been family-owned - rather than<br />

family-controlled - for three generations, Indian<br />

company Tara Jewels acquired a 49 per cent<br />

stake in October 2017. This came three years<br />

after Bevilles entered voluntary administration in<br />

April 2014, when a proposed business restructure<br />

was presented to creditors. Representatives<br />

confirmed it owed $14 million as the first major<br />

jewellery retailer to fail in 18 years.<br />

The collapse caught many in the industry<br />

by surprise, particularly as one year prior<br />

the company had announced a major<br />

rebranding project which included the<br />

rollout of 'new-look stores'. At the time Bevilles<br />

CEO Michelle Stanton told <strong>Jeweller</strong> a restructure<br />

plan would be proposed to creditors and assessed<br />

by appointed administrators PPB Advisory.<br />

“Despite this being a very difficult decision,<br />

we believe this path offers the best possible<br />

outcomes for everyone. Under our proposed<br />

restructure, it is our family’s intent to reacquire<br />

the business and retain our 80-year-old brand,”<br />

she explained.<br />

The Melbourne-based company had incurred<br />

trading losses of more than $10 million over the<br />

previous three years and total claims against it<br />

amounted to $14 million. This figure included<br />

related party loans of $3.65 million by Keith<br />

Beville ($1.4 million), son of founder Leo Beville,<br />

and Deidre Capital ($2.25 million).<br />

In December 2015, the chain opened a new<br />

Melbourne CBD store, having exited the Bourke<br />

Street Mall in 2011 where it had been located<br />

for more than a decade. When the lease fell<br />

due Bevilles was 'outbid' by Swarosvki for the<br />

‘flagship’ location. Swarovski was reported to<br />

have offered more than $1 million for the 105<br />

square metre store.<br />

At the time of publication Beville’s current<br />

store count is 26, being located in three states -<br />

Victoria, NSW, and South Australia.<br />

This is an increase of two stores since <strong>Jeweller</strong>’s<br />

most recent State of the Industry Report which<br />

detailed Beville’s up-and-down history. In 2010<br />

the company operated 29 stores and in 2014 the<br />

store count was forcibly reduced as a result of<br />

the voluntary administration; 11 stores closed,<br />

bringing to 16 the number of stores across the<br />

three states.<br />

Moving forward<br />

That aside, Bracken was confident in the<br />

brand’s future.<br />

“Expanding the store network in Australia<br />

represents an extremely exciting opportunity for<br />

the group, as the Michael Hill brand continues<br />

its journey to elevate into a more premium<br />

positioning,” Bracken added.<br />

Bevilles employees will reportedly be offered new<br />

employment contracts with Michael Hill. The<br />

transaction is expected to be completed in the<br />

current quarter. CEO Michelle Beville will retain<br />

an ambassadorial position for the next two years.<br />

Michael Hill chair Robert Fyfe said in the<br />

immediate aftermath of the acquisition,<br />

expansion would be the top priority.<br />

“It ticks so many boxes, especially in the current<br />

economic environment as customers seek out<br />

value for money,” he said. “The Bevilles store<br />

network is under-penetrated and ready for<br />

growth, and Michael Hill will partner with Bevilles<br />

to provide expertise to grow the store portfolio,<br />

and unlock synergies.”<br />

The deal is subject to approval by the Australian<br />

Competition and Consumer Commission and the<br />

Fair Work Commission.<br />

18 | <strong>May</strong> <strong>2023</strong>


News<br />

Cerrone honoured with Order of Australia<br />

Excitement building ahead of<br />

Australian Opal Exhibition<br />

Owner and founder of the House of Cerrone,<br />

jeweller Nicola Cerrone, has been presented<br />

with a Medal of the Order of Australia.<br />

He was awarded the honour by the Governor<br />

of New South Wales Margaret Beazley in<br />

a ceremony at Government House in a<br />

ceremony on 18 April, acknowledged for<br />

his contribution to Australia’s arts,<br />

manufacturing and business sectors.<br />

Cerrone told <strong>Jeweller</strong> he was thrilled to see<br />

the industry well-recognised and placed in<br />

the national spotlight.<br />

“Going to Government House was a wonderful<br />

experience, they did a great job of illustrating<br />

what each recipient has achieved – it’s not<br />

just a matter of getting your medal and saying<br />

goodbye,” he said.<br />

“There were people from all walks of life<br />

present and it was a great celebration of<br />

some tremendous achievements.”<br />

Cerrone migrated to Australia in the 1960s<br />

from Italy and after completing a jewellery<br />

apprenticeship, founded his business with his<br />

wife Carmela Cerrone in 1972.<br />

Based in Sydney, Cerrone oversees Australia’s<br />

largest handmade jewellery workshop and<br />

focuses on ‘paying it forward’ by fostering the<br />

next generation of craftsmen with expansive<br />

apprenticeship programs.<br />

He said promoting and elevating young jewellers<br />

was his highest priority.<br />

“We’ve been focusing on working closely with<br />

apprentices for the past 15-20 years, and I think<br />

it’s the most important thing for the industry to<br />

focus on moving forward,” Cerrone said.<br />

“We have around 10 apprentices at the moment,<br />

and often they start in jewellery as a bit of a<br />

‘hobby’ but quickly they want to become the very<br />

best in the field and that’s the secret to success.”<br />

He added: “When there’s competition in<br />

business, we see people pushing boundaries<br />

and raising the standard. When these young<br />

people go off and start their own businesses,<br />

that’s brilliant for the future of the industry.”<br />

Changing tides<br />

He compared competition in jewellery to<br />

competition in music and sport, saying that<br />

the desire to be the best created incredible<br />

art and iconic performances.<br />

Master jewellers are notoriously private people<br />

and Cerrone said he was pleased to see<br />

attitudes changing toward those eager to learn.<br />

“It’s funny to think about to my masters, the<br />

people who taught me. Many of them would<br />

say ‘work it out yourself’ or ‘if I teach you,<br />

you’ll never learn’,” Cerrone jokes.<br />

“These days many people are eager to pass<br />

on what they’ve learned which is fantastic.<br />

Fortunately, we’ve also got the internet too,<br />

and these young apprentices can head online<br />

to learn more.”<br />

He added: “These young apprentices are<br />

the future voices of the industry and I’m very<br />

happy to see the government prioritising<br />

apprenticeship programs.”<br />

Cerrone’s Order of Australia is the latest in<br />

a distinguished career, including winning<br />

the De Beers Diamond International Award<br />

in 1998 and receiving the Key to the City (il<br />

Frentano d’Oro) in his hometown of Lanciano<br />

Abruzzo and elevated to Knighthood status as<br />

recognised by the Italian republic to celebrate<br />

his accomplishments in Australia.<br />

Anticipation is building for the Australian Opal<br />

Exhibition which will soon celebrate 20 years of<br />

successful trade with a two-day show in Queensland.<br />

The fair is scheduled for 2-3 August in Southport,<br />

bringing the country’s leading opal miners and<br />

wholesalers together with retailers.<br />

Australian Opal Exhibition president Janice Evert<br />

said the success of the past year’s event led to<br />

organisers pursuing a new venue for <strong>2023</strong>.<br />

“The Australian Opal Exhibition is building on its<br />

very successful 2022 exhibition. It was the first one<br />

since the COVID-19 pandemic and the lockdowns,<br />

and the buzz was palpable,” she told <strong>Jeweller</strong>.<br />

“The Australian opal industry loves to get together and<br />

it was very exciting to see old friends and colleagues.<br />

There were also quite a few new buyers present who<br />

were warmly welcomed into the opal family.”<br />

She added: “We hope to see everyone again at our<br />

new venue to celebrate 20 years”.<br />

Australia is responsible for approximately 95 per<br />

cent of the world’s supply of gemstone quality opals<br />

used in fine jewellery.<br />

The majority of Australia’s opals are found in<br />

NSW, Queensland and South Australia and come<br />

in a variety of types, including white, crystal and<br />

boulder. Black opals, the rarest, were reportedly<br />

particularly popular with buyers at <strong>Jeweller</strong>y and<br />

Gem World in Singapore in September.<br />

This year’s trade show will be hosted at the events<br />

space at Southport Sharks. For further information<br />

head to the Australian Opal Exhibition website.<br />

<strong>May</strong> <strong>2023</strong> | 19


News<br />

Young jewellers to capture<br />

the spotlight in Sydney<br />

Positive signs for Australian retailers amid staffing crisis<br />

Nearly a quarter of retail Australian businesses<br />

reported job vacancies in February, a decline of<br />

8.5 per cent from November, according to the<br />

Australian Bureau of Statistics (ABS).<br />

The lowest level of reported vacancies in retail<br />

was in November of 2021 at 15.9 per cent. In<br />

February that figure sat at 23.3 per cent. ABS<br />

head of labour statistics Bjorn Jarvis said job<br />

vacancies have decreased by 9 per cent from<br />

a peak in <strong>May</strong> of the past year after three<br />

consecutive quarters of decline.<br />

“Job vacancies in February <strong>2023</strong> were still nearly<br />

double what they were three years ago, just<br />

before the start of the pandemic,” Jarvis said.<br />

“There is still a very high demand for labour<br />

from employers across Australia and across<br />

all industries.”<br />

Australian Retailers Association (ARA) CEO<br />

Paul Zahra said that the number of vacancies<br />

remains of great concern.<br />

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nature of trading and the need for additional<br />

Need a HELPING HAND to make staff. it When work?<br />

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to make positions it<br />

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to make it work?<br />

jewellers, TAFE NSW will collaborate with Expertise<br />

are no longer required, which results<br />

Events in a reduction in vacancies,” he told Ragtrader.<br />

Do it to promote at the young INTERNATIONAL jewellers and designers. JEWELLERY FAIR.<br />

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The IJF is scheduled to be hosted at ICC Sydney in<br />

Darling Harbour, beginning on Saturday 19 August.<br />

“We are still concerned about the high<br />

number of vacancies and that the rising<br />

cost of doing business for retailers may be<br />

impacting job vacancies.”<br />

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The theme of this year’s event will be ‘The Real Thing’.<br />

• ARE YOU LAUNCHING A NEW SUPPLY BUSINESS?<br />

Head teacher of jewellery design and manufacture<br />

• WANT FREE EXPOSURE AND CONTACTS?<br />

at Design Centre Enmore, Gina Kind, said that the<br />

aim of the initiative was to prepare young jewellers<br />

for a successful career.<br />

• NEED A HELPING HAND TO MAKE YOUR BUSINESS WORK?<br />

LAUNCH YOURSELF AT THE INTERNATIONAL JEWELLERY FAIR<br />

She added: ”We are thrilled to be part of IJF<br />

<strong>Jeweller</strong>s Den is proudly supported by<br />

Darling Harbour and to showcase <strong>Jeweller</strong>s the Den work is proudly of supported our by<br />

talented students.<br />

<strong>Jeweller</strong>y industry impacted<br />

In <strong>Jeweller</strong>’s special December issue –<br />

What Do <strong>Jeweller</strong>s Think? – one of the most<br />

commonly cited causes for concern heading<br />

into <strong>2023</strong> was staff shortages.<br />

<strong>Jeweller</strong>s Den is proudly supported by<br />

CEO of The <strong>Jeweller</strong>y Group, Mudit Vora,<br />

oversees the operations of Zamels and<br />

Mazzucchelli’s and said that the staffing<br />

crisis was a significant concern.<br />

“Staffing has been the biggest challenge this<br />

year. While we’ve been able to retain most of<br />

our staffing in management roles, hiring new<br />

team members within the entire organisation<br />

continues to be the biggest challenge,” he said.<br />

Toby Bensimon, managing director of Shiels,<br />

said that his company needed to adopt new<br />

measures to address the issue.<br />

“Guerilla tactics have to be employed in these<br />

times. Our teams use every interaction with<br />

people to spruik the benefits of working in our<br />

business,” Bensimon said.<br />

Vora and Bensimon both oversee major chain<br />

store operations; however, these frustrations<br />

were shared by independent businesses too.<br />

Zahra said that the only solution he can envision<br />

is an increased investment into the labour force.<br />

“The Government is making promising strides,<br />

increasing the cap on migration and rolling out<br />

a suite of initiatives such as the Work Bonus for<br />

pensioners but we’ve still got work to do".<br />

According to the latest figures, the largest<br />

quarterly percentage decline in job vacancies<br />

belonged to WA, decreasing by 15 per cent.<br />

IJF<strong>2023</strong> jeweller Den ad April issue.indd 1<br />

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JEWELLERMAGAZINE.COM<br />

"Our program provides students with the skills and<br />

knowledge needed to succeed in the industry, and<br />

we are grateful to Expertise Events for providing this<br />

platform for our young jewellers."<br />

INVESTED IN INVESTED THE INDUSTRY Promising THE INDUSTRY progress for Global <strong>Jeweller</strong>s Network<br />

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Expertise Events managing director Gary Fitz-Roy told<br />

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has a rich history and tradition."<br />

"It's important that we continue to nurture and<br />

support the next generation of talent.<br />

"We are proud to partner with the Design Centre<br />

Enmore, TAFE NSW, and provide a platform for these<br />

young jewellers to showcase their skills and inspire<br />

others to consider a career in this exciting industry."<br />

Expertise Events recently announced the launch<br />

of <strong>Jeweller</strong>s Den, a new project for up-and-coming<br />

designers to forge a new career as a jewellery<br />

supplier.<br />

For further information visit the International<br />

<strong>Jeweller</strong>y Fair website.<br />

The recently formed Global <strong>Jeweller</strong>s Network<br />

(GJN) has completed a successful in-person<br />

23/3/<strong>2023</strong> 4:18 pm<br />

meeting in England and outlined plans for<br />

23/3/<strong>2023</strong> 4:18 pm<br />

future resource sharing.<br />

GJN is a collaboration formed in 2022 between<br />

Australia’s Nationwide <strong>Jeweller</strong>s, The Company<br />

of Master <strong>Jeweller</strong>s (CMJ) operating in the UK<br />

and Ireland, and the Independent <strong>Jeweller</strong>s<br />

Organisation (IJO) based in the US and Canada.<br />

Combined the three groups represent more<br />

than 1,500 independent jewellery stores in<br />

nine countries.<br />

Nationwide <strong>Jeweller</strong>s managing director Colin<br />

Pocklington said meetings with CMJ managing<br />

director Emmett Cummins were fruitful.<br />

“After many Zoom meetings over the past two<br />

years it was good to be able to meet Emmet<br />

and his team face-to-face,” said Pocklington.<br />

23/3/<strong>2023</strong> 4:18 pm<br />

“We had a very productive two days. The CMJ<br />

is very interested in being able to roll out our<br />

Retail <strong>Jeweller</strong>y Business Management Course<br />

for their members and Nationwide members<br />

will benefit from the great marketing material<br />

that the CMJ has developed.”<br />

Attention for the GJN now turns to the<br />

International <strong>Jeweller</strong>y Fair in Sydney in August.<br />

IJO president Jeff Roberts is scheduled<br />

to bring a group of members to the fair<br />

where arrangements will be made for them<br />

to purchase from Nationwide’s exhibiting<br />

preferred suppliers.<br />

20 | <strong>May</strong> <strong>2023</strong>


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To Exhibit: T +852 3709 4991 | E salesjgf@informa.com To Visit: T +852 3709 4992 | E visitjgf-hk@informa.com<br />

<strong>May</strong> <strong>2023</strong> | 21


News<br />

International investigation into Perth Mint concludes<br />

The London Bullion Market Association (LBMA)<br />

has concluded an incident review of the Perth<br />

Mint’s practices which began in March amid a<br />

gold-doping scandal.<br />

The LBMA will retain the Perth Mint on its list of<br />

approved refiners; however, has also requested a<br />

strengthening of management systems in order to<br />

prevent future issues.<br />

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The LBMA's investigation focused specifically<br />

on whether the Perth Mint conformed with the<br />

Responsible Gold Guidance, which sets standards<br />

for combating money laundering and terrorist<br />

financing practices.<br />

“LBMA did not find any instances of zero-tolerance<br />

non-conformance. There are elements of the<br />

Perth Mint’s management systems that are being<br />

strengthened through a Corrective Action Plan<br />

(CAP) to be audited by a third-party auditor,” the<br />

LBMA said in a statement.<br />

“LBMA reserves the right to re-visit this<br />

conclusion if new information relating to the<br />

Perth Mint becomes available.”<br />

Chief executive Jason Waters said the Perth Mint<br />

was committed to completing the Corrective<br />

Action Plan.<br />

"The Perth Mint has embarked on a comprehensive,<br />

fully-funded program to remediate our anti-money<br />

laundering processes and ensure best practice in<br />

everything we do," Waters told the ABC.<br />

Gold Corporation is the parent company of the Perth<br />

Mint, the largest processor of newly mined gold in<br />

the world. The mint is owned by the Government of<br />

Western Australia.<br />

Nathan Lynch, a financial regulation expert for<br />

Thomson Reuters, said the findings from the<br />

LBMA was a significantly positive outcome for the<br />

Perth Mint.<br />

"The LBMA review has been very quick, considering<br />

the complexity of these issues around money<br />

laundering, terrorism financing, sanctions, and<br />

environmental standards," Lynch said.<br />

"It's a good outcome for Gold Corporation and gives<br />

them a window of opportunity now to push ahead with<br />

the work they're doing to rebuild their governance<br />

framework. That work on developing a sophisticated<br />

risk culture cuts across the entire organisation.”<br />

The controversy surrounding the Perth Mint<br />

ignited in early March when the ABC’s Four<br />

Corners program published a report detailing<br />

a potential $9 billion bullion recall involving the<br />

Shanghai Bullion Exchange.<br />

New acquisition for LVMH amid impressive opening quarter<br />

French luxury conglomerate Louis Vuitton Moët<br />

Hennessy (LVMH) has begun <strong>2023</strong> on a positive<br />

note, reporting an 11 per cent rise in jewellery and<br />

watch sales.<br />

In a statement released on 12 April, LVMH said that<br />

despite operating in an economic and geopolitical<br />

environment which ‘remains uncertain’, total revenue<br />

increased by 17 per cent.<br />

“In jewellery Tiffany & Co. had an excellent start<br />

to the year as preparations were made for the<br />

upcoming re-opening of the Landmark in New<br />

York. The new Lock jewellery collection, whose<br />

success is increasing, continued its worldwide<br />

rollout,” the statement reads.<br />

“Bulgari, showing strong growth, celebrated<br />

the 75th anniversary of its iconic Serpenti line.<br />

High jewellery enjoyed a very good performance.<br />

Chaumet and Fred made remarkable progress.“<br />

The company generated 27 per cent of its revenue<br />

in the Americas and 30 per cent in Asia.<br />

“In an uncertain geopolitical and economic<br />

context, LVMH remains both vigilant and confident<br />

at the start of the year,” the statement concludes.<br />

“The Group will continue to pursue its strategy<br />

focused on the development of its brands, driven<br />

by a sustained policy of innovation and investment<br />

as well as by a constant quest for quality in its<br />

products, their desirability and their distribution.”<br />

LVMH boosting production for Tiffany & Co.<br />

In further developments, the company will<br />

purchase a majority stake in the owner of two<br />

French jewellery producers in a bid to strengthen<br />

Tiffany & Co.’s manufacturing.<br />

In a deal that is expected to be finalised before the<br />

end of <strong>2023</strong>, LVMH will purchase Platinum Invest,<br />

the holding company of both Orest and Abysse.<br />

“This acquisition is an important step for Tiffany &<br />

Co,” said CEO Anthony Ledru. “It will allow us to<br />

reinforce our commitment to the highest level of<br />

quality while expanding our production capacity to<br />

meet the increasing demand of our clients.”<br />

Platinum Invest has a network of five workshops<br />

across the Grand Est region of France, employing<br />

800 people.


News<br />

Weakened sales headlines April<br />

for jewellery retailers<br />

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FOR OVER15 YEARS<br />

Retail Edge’s analysis of the sales performance in more than 400<br />

independent Australian jewellery stores has revealed a softening of sales.<br />

The data from April shows comparative overall sales dollar<br />

performance fell into negative territory with an 11 per cent<br />

decline on a one-year comparison.<br />

Comparative units sold showed a decline of nine per cent compared<br />

with 2022 and a decrease of 18 per cent on the two-year difference.<br />

Retail Edge sales manager Mike Dyer said comparative average sale<br />

(inventory only) was in a modest decline of 1.5 per cent; however, it<br />

improved by 19 per cent on a two-year comparison.<br />

“April typically is a challenging month with the public holidays and<br />

school holidays making for broken weeks and interrupted trading<br />

patterns,” Dyer said.<br />

“However to get a negative impact of these proportions reinforces that<br />

a retail slowdown on consumer spending is now in place.”<br />

Diamond-set precious metal jewellery declined by 24 per cent on a oneyear<br />

comparison, while colour gemstone jewellery declined by six per cent.<br />

Precious metal jewellery decreased by 11 per cent, while silver and<br />

alternative metals were down three per cent. Discounts were given<br />

on 30 per cent of sales lines.<br />

The pattern in laybys was close to neutral between new orders and<br />

pick-ups and cancellations. Dyer drew particular attention to a pattern<br />

in services and repairs.<br />

“This is the third consecutive month of double-digit negative movement and<br />

removes any doubt about the consumer caution about spending,” he said.<br />

“As previously stated, it is time to chase up the outstanding quotes that<br />

haven’t been confirmed yet and to lift the marketing exposure of the<br />

expertise of your services to lift the volume of new intakes.”<br />

He added: “Customers in stores attract other customers into stores.<br />

Remember it’s not just about the repair job, it’s also the traffic flow<br />

and the opportunity to strengthen the customer relationship as well<br />

as sell product.”<br />

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Special order numbers were positive, improving by five per cent compared<br />

with the past year.


News<br />

GIA returns to printed<br />

diamond dossier after backlash<br />

Lawsuit between Mejuri and David Yurman concludes<br />

The Gemological Institute of America (GIA) has<br />

responded swiftly to industry criticism over the<br />

decision to issue digital grading reports, confirming a<br />

return to paper certification.<br />

In June of 2022 the GIA confirmed a move towards a<br />

‘paperless’ operation.<br />

In recent weeks members of the diamond trade<br />

have expressed their displeasure to the new system,<br />

with customers accustomed to paper certificates<br />

reportedly unhappy, while others said they were<br />

concerned that the process was susceptible to abuse.<br />

On 7 April the GIA responded to the feedback,<br />

announcing a return to printed certificates from 9<br />

April onwards.<br />

Customers who received a digital report over the past<br />

few months can request a paper version at no cost.<br />

“We did not adequately anticipate the challenges of<br />

adopting the digital-only GIA Diamond Dossier report,”<br />

said GIA senior vice president Pritesh Patel.<br />

“GIA will continue to provide the printed reports that<br />

enhance consumer trust, while working to develop<br />

robust, secure, and compelling digital versions of all<br />

our reports.”<br />

New GIA, De Beers partnership<br />

De Beers has signed the GIA to its Tracr platform,<br />

enabling the laboratory to issue enhanced grading<br />

reports for polished diamonds documented by the<br />

blockchain service.<br />

The stated aim of the collaboration is to further<br />

improve consumer confidence in the ‘ethical’ origins of<br />

‘natural’ diamonds.<br />

“As the issue of diamond provenance rapidly increases<br />

in importance for stakeholders across the diamond<br />

value chain, having immutable data about a diamond’s<br />

journey from the source on grading reports is a major<br />

step forward and will underpin consumer confidence,”<br />

said De Beers acting vice president Ryan Perry.<br />

Patel added that solidifying public confidence in<br />

diamond products was at the core of the GIA’s<br />

‘consumer-protection mission’.<br />

<strong>Jeweller</strong>y brands David Yurman and Mejuri<br />

have settled their trademark-related lawsuit<br />

in the US with little fanfare.<br />

In December of 2021, New York-based<br />

designer David Yurman filed a lawsuit against<br />

venture capital-backed Mejuri for ‘copying’<br />

several distinctive jewellery designs that bore<br />

similarities with Yurman’s Pure Form and<br />

Sculpted Cable collections.<br />

According to reporting from Rapaport News,<br />

Judge Ronnie Abrams of the US District Court<br />

in New York closed the case on Tuesday without<br />

costs to any party via court order.<br />

“Judge Ronnie Abrams of the US District Court<br />

in New York closed the case on Tuesday without<br />

costs to any party via court order.”<br />

The filing did not disclose the terms of the<br />

settlement and spokespeople for the two<br />

companies declined to comment.<br />

David Yurman previously accused Mejuri of<br />

taking “steps to falsely associate itself with<br />

Yurman through its promotional messages,<br />

advertising campaigns and artwork, and<br />

partnerships.”<br />

Mejuri denied these claims and in March of<br />

last year, filed a countersuit alleging that David<br />

Yurman’s original lawsuit was “an attempt<br />

to bully an emerging competitor, monopolize<br />

common design motifs, and prevent competition<br />

from one of the fastest-growing fine jewellery<br />

brands in a rapidly evolving industry.”<br />

Should either party wish to resume the lawsuit<br />

they made file an application to restore the<br />

action within the next 30 days.<br />

Richemont tackles crime with Enquirus program<br />

The Richemont Group has unveiled a new digital<br />

platform where users can upload and share<br />

information about watches and jewellery in a bid<br />

to limit theft.<br />

Named ‘Enquirus’, the program is a<br />

collaborative effort between Richemont and<br />

other watch and jewellery manufacturers,<br />

law enforcement agencies, insurance<br />

companies, the second-hand market, and<br />

other stakeholders.<br />

More than 175 luxury watch brands have<br />

already joined as well as several leading<br />

jewellery brands.<br />

“This reliable solution brings together multiple<br />

stakeholders to serve customers and the entire<br />

industry, by facilitating borderless cooperation<br />

between police forces and insurance partners,”<br />

said Jérôme Lambert, CEO of Richemont.<br />

“By providing free access for customers and<br />

industry partners, the opportunity to sell stolen<br />

watches becomes more prohibitive, with the<br />

ultimate objective of reducing the incentive to<br />

steal watches in the first place.”<br />

Richemont chief transformation officer Frank<br />

Vivier added that the aim was to make Enquirus<br />

‘the largest international database of lost and<br />

stolen watches and jewellery’ in the world.<br />

According to the company, more than 28,000<br />

watches and jewellery pieces have been<br />

uploaded to the program and registered as lost<br />

or stolen.<br />

MORE BREAKING NEWS<br />

JEWELLERMAGAZINE.COM<br />

24 | <strong>May</strong> <strong>2023</strong>


News<br />

Positive jewellery retail sales in Asia<br />

following ease of CVOID restrictions<br />

The positive news from Asia continued this week with Hong Kong retailer<br />

Luk Fook confirming a significant increase in same-store sales.<br />

With COVID restrictions relaxing in Hong Kong during the fourth<br />

quarter, Luk Fook’s same-store sales increased by 83 per cent. Samestore<br />

sales are defined as those coming from a store which has been<br />

operated by the company for more than 12 months.<br />

Sales of gold jewellery improved 145 per cent during the same period,<br />

while fixed-price jewellery increased 88 per cent.<br />

In mainland China, same-store sales decreased by 6 per cent year-onyear<br />

for the period while revenue from e-commerce improved 23 per cent.<br />

“There was a slower recovery of consumer sentiment in the mainland<br />

market,” the company noted in a statement.<br />

“Due to the significant improvement in tourist traffic and spending<br />

in the Hong Kong and Macau market after the reopening of borders,<br />

the same-store sales in Hong Kong and Macau market rebounded<br />

substantially from a decline in the last quarter.”<br />

Luk Fook opened 30 new stores on the mainland during the quarter,<br />

bringing its regional total above 3,000.<br />

Rivals Chow Tai Fook published its fourth quarter sales performance<br />

recently, detailing a 14 per cent increase in sales.<br />

Significant sales increase for major<br />

jewellery retailer Chow Tai Fook<br />

The recovery from the impact of the pandemic on retail jewellery sales in<br />

Asia has continued with Chow Tai Fook reporting impressive sales figures.<br />

Chow Tai Fook operates more than 5,900 stores worldwide and in the<br />

fourth quarter recorded a 14 per cent increase in sales.<br />

Sales improved by 10 per cent in mainland China, where the company<br />

generates 90 per cent of its revenue.<br />

The improved sales figures were largely attributed to a change in<br />

government policy concerning the pandemic.<br />

Pandemic restrictions were credited as the cause of a 19 per cent<br />

decrease in sales for Chow Tai Fook in the previous quarter.<br />

“General mobility and retail activity in mainland China, Hong Kong,<br />

and Macau indicated signs of recovery following the shift in COVID-19<br />

policy in the mainland,” the company said in a statement.<br />

Same-store sales in Hong Kong and Macau spiked by 97 per cent with<br />

gold jewellery specifically performing better than gemstone pieces.<br />

Featuring the delicate pink tone<br />

of Argyle pink diamonds


News<br />

De Beers says lab-created<br />

diamond category ‘separate’<br />

In an address to the Israel Diamond Conference,<br />

De Beers co-chair Bruce Cleaver has asserted<br />

his belief that ‘natural’ diamonds and lab-created<br />

diamonds can co-exist in the jewellery market.<br />

Cleaver said that despite lab-created diamond<br />

sales in bridal jewellery increasing, there is no<br />

reason for this to be viewed as a ‘loss’ for those<br />

offering natural diamonds.<br />

“Clearly bridal has been affected, and numbers are<br />

showing significant volumes of sales being labcreated.<br />

Firstly, this is in the US only, which is not<br />

the only market,” he said.<br />

“Secondly, although bridal is very important —<br />

and I am not for one minute indicating that it isn’t<br />

— it represents only about 26 or 27 per cent of total<br />

jewellery demand.”<br />

He added: “By no means are sales of lab-created<br />

engagement rings cannibalising [natural diamond<br />

jewellery sales].”<br />

De Beers has produced lab-created diamonds via<br />

Element Six for many years and in 2018, launched a<br />

line of lab-created jewellery under the Lightbox brand.<br />

Cleaver suggested that lab-created diamonds<br />

could be reaching customers who previously<br />

weren’t interested in diamonds.<br />

“This might be a way of getting new entrants into the<br />

natural-diamond world who might trade up one day to<br />

natural. We might never have had these people in the<br />

diamond industry,” he said.<br />

“[Lab-created diamonds] are a distinct and<br />

separate category, and one that has a totally<br />

different value proposition from natural diamonds.<br />

" With lab-created supply forecast to increase by<br />

around 70 per cent this year, building on a 100 per<br />

cent increase seen over the past three years, this<br />

trajectory, and this bifurcation, can be expected to<br />

continue to accelerate.”<br />

Cleaver previously served as De Beers CEO, with Al<br />

Cook recently replacing him.<br />

Pleasing demand for De Beers rough, lab-created spike<br />

The De Beers Group has published the results<br />

from its third sales cycle of the year, which took<br />

place between 27 March and 11 April.<br />

The mining juggernaut completed $US540<br />

million ($AU805 million) in sales which was<br />

a modest decrease from $US566 million<br />

($AU843 million) in the third sales period of<br />

the past year, and a notable increase from the<br />

previous cycle.<br />

De Beers CEO Al Cook said that positive retail<br />

results in Asia offered reason to be optimistic<br />

moving forward.<br />

“We have continued to see good demand<br />

for our rough diamonds over the third sales<br />

cycle of the year as we move into the second<br />

quarter of <strong>2023</strong>,” Cook said.<br />

“Sales were in line with expectations and we<br />

continue to see some encouraging positive<br />

trends in consumer demand for diamond<br />

jewellery, not least in China where we’re<br />

beginning to see some signs of recovery in<br />

consumer confidence following the relaxation<br />

of travel restrictions.”<br />

De Beers completed rough diamond sales in<br />

excess of $US6 billion in 2022.<br />

Lab-created diamond surge<br />

While there are positive trends in diamond<br />

jewellery sales, the market divide between<br />

‘natural’ diamonds and lab-created diamonds<br />

continues to shift in favour of the latter.<br />

In his latest diamond industry forecast, Edahn<br />

Golan of Tenoris said that in the second half<br />

of this year, lab-created diamonds can be<br />

expected to reach a major milestone.<br />

“When will loose lab-created diamonds<br />

capture more than 50 per cent of all<br />

diamonds sold?” asks Golan.<br />

“One way of approaching the question is to<br />

draw a linear-line forecast. Based on loose<br />

natural and lab-grown diamond buying trends<br />

from January 2020 to February <strong>2023</strong>, this will<br />

happen in November of this year.”<br />

Golan writes that while a linear forecast is<br />

functional, it’s also basic as it fails to account<br />

for factors such as seasonal change.<br />

“A more effective forecasting tool is a thirddegree<br />

polynomial, which does take demand<br />

fluctuations into account,” Golan explained.<br />

“The result: By <strong>May</strong> of this year, 50 per cent<br />

of loose diamonds sold by American jewellery<br />

retailers are expected to be lab-created<br />

diamonds. More than half of consumer<br />

purchases of these goods are expected to be<br />

lab-created diamonds.”<br />

De Beers co-chair Bruce Cleaver recently<br />

addressed this topic, suggesting that natural<br />

diamonds and lab-created diamonds can<br />

exist in harmony.<br />

Russian leadership dismisses suggestions of sanctions<br />

A key figure in Russia’s foreign ministry<br />

has offered rare insight into Russia’s<br />

interpretation of proposed European<br />

economic sanctions on the diamond trade.<br />

Representatives have typically been tightlipped<br />

about sanctions being placed on<br />

Russia’s mining industry, which accounts for<br />

approximately one-third of the global supply<br />

of diamonds.<br />

Dmitry Birichevsky, head of the economic<br />

cooperation department, told Sputnik that<br />

Russia holds a reputation as a leading figure in<br />

the terms of international standards.<br />

“It is clear that the restrictive measures that<br />

are being developed, whatever they may be,<br />

risk disrupting established supply chains and<br />

thus inimical to the interests of the diamond<br />

industry as a whole. In this regard, westerners<br />

are trying to provide a plausible pretext for<br />

their irresponsible actions, including on various<br />

international platforms," Birichevsky said.<br />

"At the same time, Russian manufacturers are<br />

exceptionally responsible market participants,<br />

whose activities not only meet, but often<br />

exceed international standards and are in<br />

many ways a model for others.”<br />

Despite retaliatory economic sanctions from<br />

the EU, US, and others, Russian diamond<br />

sales in Europe have increased following the<br />

invasion of Ukraine.<br />

Birichevsky added: "For our part, we<br />

consistently counter attempts to deliberately<br />

distort the foundations and principles of the<br />

relevant multilateral formats that determine<br />

the functioning of the global diamond market.<br />

It is encouraging that a vast majority of industry<br />

representatives share our approaches."<br />

The EU is currently preparing an 11th round<br />

of sanctions, with the most recent installed<br />

in late February, marking one year since the<br />

conflict began.<br />

Prime minister Mateusz Morawiecki recently<br />

addressed the issue, telling Polish media that<br />

he expects the next round of sanctions to target<br />

Russia’s energy sector and diamond trade.<br />

26 | <strong>May</strong> <strong>2023</strong>


News<br />

Mystery surrounding the record-breaking<br />

sale of iconic L’Incomparable<br />

Indian diamond company<br />

shatters jewellery world record<br />

Further details have been revealed about the<br />

record-breaking sale of L’Incomparable, the<br />

world’s most expensive necklace.<br />

In January of 2013, Lebanese designer<br />

Mouawad <strong>Jeweller</strong>s sold a necklace featuring<br />

the largest flawless diamond in the world, the<br />

407-carat fancy colour yellow L’Incomparable.<br />

The buyer, according to a report from Luxury<br />

Launches, was Nita Ambani the wife of<br />

billionaire businessman Mukesh Ambani. The<br />

necklace was purchased for $US55 million<br />

($AU82 million).<br />

Ambani then gifted the necklace to her<br />

daughter-in-law, Shloka Mehta, when she<br />

married her son Akash Ambani in 2019.<br />

“Beyond its status as a touching keepsake,<br />

the necklace is a stunning creation on its own<br />

merits. The massive diamond is connected to<br />

a network of 18-carat rose gold branches set<br />

with a further 229 carats of white diamonds,”<br />

writes Demetrius Simms of Robb Report.<br />

“Since 1990, Mouawad has been honoured by<br />

Guinness World Records an impressive five<br />

times. Its most recent induction is The Flower<br />

of Eternity Jewelry Coffer, the world’s most<br />

expensive jewellery box, set with 542 carats of<br />

white and yellow diamonds.”<br />

He adds: “And with a history like that, you can<br />

only wonder what record-breaking collectible<br />

they might come up with next.”<br />

What happened to the necklace following<br />

the purchase in 2013 is unclear; however,<br />

L’Incomparable was later re-cut into the<br />

303-carat Golden Canary, which was sold at<br />

auction in December.<br />

The diamond was discovered in the<br />

Democratic Republic of Congo in the 1980s<br />

as an 890-carat rough.<br />

The world record for most diamonds set in a single<br />

ring has been shattered for the second time within<br />

12 months.<br />

Indian diamond trader Hari Krishna Exports and<br />

distributor HK Designs are the new title holders<br />

after manufacturing a ring named the ‘Euitierria<br />

Ring’ featuring 50,907 diamonds.<br />

Hari Krishna Exports managing director Ghanshyam<br />

Dholakia said it was an honour to receive the award.<br />

“I am deeply grateful for the recognition from<br />

Guinness World Records. It is a testament to our<br />

team’s hard work and dedication at Hari Krishna<br />

Exports and HK Designs,” he said.<br />

“We are proud to showcase our commitment to<br />

sustainability and artistic excellence through the<br />

Eutierria Ring, and we hope to continue pushing the<br />

boundaries of innovation in the jewellery industry.”<br />

Stunning Patek Phillipe sets new world record<br />

A new world record has been set for the<br />

most expensive watch to be sold in an<br />

online auction, commanding a $US5,815,300<br />

($AU7,746,129) price tag.<br />

The timepiece in question is a Patek Phillipe<br />

complication Sky Moon Tourbillon and was<br />

sold at Christie’s Top Of The Time auction,<br />

based in Hong Kong.<br />

The white gold watch features 12 complications<br />

on the main face and underside, with functions<br />

such as cathedral minute repeating, tourbillon,<br />

perpetual calendar, retrograde date, moon<br />

phases, leap year indication, sidereal time, sky<br />

chart, phases and orbit of the moon.<br />

Christie’s head of watches for the Asia Pacific,<br />

Alexandre Bigler, said that this auction was<br />

evidence that enthusiasm for these timepieces<br />

remains high despite pessimism about the<br />

global economy.<br />

“There continues to be an extremely vibrant<br />

market for watches across the world,<br />

evidenced through the avid global bidding<br />

this sale witnessed,” he told WatchPro.<br />

Overall sales from the auction exceeded $US8.4<br />

million ($AU12.63 million) with 93 per cent of<br />

items put up for auction finding a new home.<br />

The piece is inspired by a sunflower, with the<br />

manufacturing process taking approximately nine<br />

months from design to completion. The ring features<br />

eight distinct parts including four layers of petals,<br />

the shank, two diamond discs, and a butterfly.<br />

The name – Eutierria - means ‘becoming one with<br />

nature’ and was selected to further demonstrate the<br />

company’s commitment to sustainability.<br />

The International Gemological Institute certified and<br />

valued the piece, confirming 130 carats of diamonds<br />

and a gold weight of 460 grams. The estimated retail<br />

value of the piece is $US785,000 ($AU1.16 million).<br />

In July of last year, SWA Diamonds seized the world<br />

record with ‘The Touch of Ami’, a ring featuring<br />

more than 24,000 white diamonds.<br />

<strong>May</strong> <strong>2023</strong> | 27


10 Years Ago<br />

Time Machine: <strong>May</strong> 2013<br />

A snapshot of the industry events making headlines this time 10 years ago in <strong>Jeweller</strong>.<br />

Historic Headlines<br />

4 Record attendance at Nationwide conference<br />

4 Screen siren’s jewellery breaks records<br />

4 Shocked jeweller not moving as rents soar<br />

4 Pandora revenue up 40 per cent<br />

4 Swarovski shines spotlight on Aussie jeweller<br />

Chopard hit by jewellery raid<br />

at Cannes Film Festival<br />

The Chopard jewellery theft that took place<br />

at Cannes Film Festival, at first thought to be<br />

worth $1 million, has since been revised to<br />

a “far lower” figure according to a company<br />

spokesperson.<br />

In a scenario worthy of a Hollywood movie<br />

plot (pun intended), multiple media sources<br />

have reported that the thief – or thieves<br />

– broke into a Chopard employee’s hotel<br />

room in the early hours of Friday 17 <strong>May</strong> and<br />

removed a wall safe before escaping with<br />

the jewellery.<br />

Chopard international communications<br />

director Raffaella Rossiello confirmed at a<br />

news conference that jewellery had been<br />

stolen from the Novotel hotel but did not place<br />

a monetary value on the stolen pieces.<br />

"An employee of the Chopard house has been<br />

the victim of a robbery last night in their hotel<br />

room while they were not on the premises."<br />

Sydney to hold first Indo-<br />

Australia jewellery meeting<br />

The first ever Indo-Australia <strong>Jeweller</strong>y<br />

Conclave will take place this month in a bid to<br />

establish business ties between the gem and<br />

jewellery industries in India and Australia.<br />

To be held in Sydney, the two-day event has been<br />

designed to facilitate one-on-one meetings<br />

and networking opportunities. It is hoped local<br />

retailers and buying groups will gain a greater<br />

insight into India’s manufacturing, design and<br />

supply chain.<br />

The conclave has been organised by the<br />

Gem & <strong>Jeweller</strong>y Export Promotion Council<br />

(GJEPC), which has selected 12 Indian jewellery<br />

manufacturers – including Asian Star Jewels,<br />

Core <strong>Jeweller</strong>y and Creation <strong>Jeweller</strong>y – to<br />

participate.<br />

<strong>May</strong> 2013<br />

ON THE COVER Kagi<br />

Editor’s Desk<br />

4Lessons from the car industry<br />

"Supporters of the industry say that some<br />

of the reasons why the local industry is<br />

struggling include the high Australian<br />

dollar and the high manufacturing<br />

costs when compared to overseas. In<br />

addition, Australia should maintain a<br />

manufacturing base because, once it’s<br />

lost, it’s gone forever – they point to many<br />

other categories where there is virtually<br />

no local manufacturing done anymore.<br />

The Australian jewellery industry is a<br />

good example of this, but that’s not the<br />

reason for this article."<br />

Soapbox<br />

4 SOS – Save Our Skills<br />

“<strong>Jeweller</strong>y apprentices and their<br />

lecturers have been dealing with<br />

Industry Darwinism for some<br />

time, trying to adapt to changing<br />

manufacturing processes and<br />

declining numbers but - please pardon<br />

my analogies, I’ve overloaded on<br />

documentaries lately - the dinosaur<br />

killing meteorite has been delivered in<br />

the shape of massive TAFE budget cuts.<br />

<strong>Jeweller</strong>y manufacture, as an<br />

accredited trade course, could<br />

be on its last legs.”<br />

Peter Keep<br />

WA State Director of the JAA<br />

STILL RELEVANT 10 YEARS ON<br />

Paying the premium<br />

“Take the time to discuss with staff what<br />

is expected of them. Set achievable goals.<br />

Often staff don’t know the average store<br />

transaction and have no benchmark to<br />

work towards.”<br />

Tony Argyle<br />

READ ALL HEADLINES IN FULL ON<br />

JEWELLERMAGAZINE.COM<br />

<strong>Jeweller</strong>y website misleads<br />

customers<br />

Claims made by an online retailer about the<br />

therapeutic benefits of its amber necklaces<br />

have been rejected and deemed as misleading<br />

to consumers.<br />

The complaint raised to the New Zealand<br />

Advertising Standards Authority (ASA) stated<br />

that the website, babyamberteething.co.nz, used<br />

unsubstantiated therapeutic claims in an effort to<br />

sell teething necklaces made with amber beads.<br />

In addition, it said that technical scientific language<br />

was used in the advertisement, which could exploit<br />

a lack of knowledge from the consumer.<br />

The business also operates an Australian-based<br />

website, babyamberteething.au.com, though, at<br />

the time of publication <strong>Jeweller</strong> was unaware of<br />

any Australian complaints about the website.<br />

Rio Tinto adds new diamondselling<br />

system<br />

Rio Tinto Diamonds has launched a sales<br />

platform where a portion of its Canadian Diavik<br />

production will be offered to parties outside of its<br />

usual supply agreements with diamond dealers.<br />

While the majority of the company’s diamonds will<br />

continue to be sold through supply agreements, the<br />

new online auction system allows specific product<br />

segments to be available to a wider community of<br />

invited companies.<br />

“The new auction platform complements our<br />

existing business model of placing a majority of<br />

our production through supply agreements, with<br />

a more limited proportion of production made<br />

available for sale to a wider selection of customers,”<br />

Rio Tinto Diamonds general manager of sales<br />

Patrick Coppens said.<br />

28 | <strong>May</strong> <strong>2023</strong>


Leaders<br />

KNOW THE DIRECTION<br />

AND SHOW THE WAY<br />

They know where the readers<br />

are and protect their brand<br />

image and credibility.<br />

Where the industry leaders are seen


Completing my diploma in<br />

Gemmology has benefited<br />

me as a jeweller in more<br />

ways than I ever expected.<br />

I have always had an interest<br />

in gemstones and found<br />

the course was not only<br />

informative and challenging<br />

but immensely rewarding.<br />

Studying with the GAA has also<br />

allowed me to meet like-minded<br />

people from many facets of the<br />

jewellery industry and grants me access<br />

to resources that I will continue to use<br />

throughout my professional career.<br />

Emma Meakes FGAA<br />

<strong>Jeweller</strong>, John Miller Design - WA<br />

Diploma in<br />

Gemmology<br />

Enrolments now open<br />

For more information<br />

1300 436 338<br />

learn@gem.org.au<br />

www.gem.org.au<br />

Be<br />

Brilliant<br />

Gem-Ed Australia<br />

ADELAIDE BRISBANE HOBART MELBOURNE PERTH SYDNEY<br />

Passionately educating the industry, gem enthusiasts<br />

and consumers about gemstones


REVIEW<br />

Gems<br />

Tools of the Trade: Part III<br />

L to R: Neodymium magnets; Chelsea Colour Filter, Specific gravity<br />

In the opening two parts of the Tools<br />

of the Trade series, we covered some<br />

of the important instruments used by<br />

gemmologists in the examination of<br />

gemstones.<br />

These include the loupe, tweezers,<br />

dichroscope, ultraviolet light torches, and<br />

polariscope. Part III continues the series<br />

with tools that can make emeralds appear<br />

red, drag gemstones across tables, and<br />

calculate relative density.<br />

Chelsea Colour Filter<br />

Although the Chelsea Colour Filter<br />

(CCF) is a very simple instrument in the<br />

gemmologist’s arsenal, to understand<br />

the tool you must understand the nature<br />

of light.<br />

White light can be broken up into the same<br />

seven spectral colours seen in a rainbow<br />

– red, orange, yellow, green, blue, indigo,<br />

and violet, each with a slightly different<br />

wavelength. This breaking up of light is<br />

called dispersion, and is what is happening<br />

when you observe 'fire' in a diamond.<br />

The CCF features a sheet of transparent<br />

green optical plastic that allows only the<br />

deep red and a certain narrow band of<br />

yellow and green wavelengths of light to<br />

pass through it, while all other wavelengths<br />

(colours) are absorbed by it.<br />

The CCF was originally designed to<br />

distinguish emeralds from imitants like<br />

green paste, which is glass.<br />

In this example, the CCF blocks the green<br />

wavelengths normally seen passing through<br />

emerald and allows the red wavelength also<br />

transmitted in some gemstones, such as<br />

those from Colombia, to be seen.<br />

Compare this red reaction for some<br />

emeralds with the yellow/green reaction<br />

observed in the paste imitation and these<br />

two stones can be successfully separated.<br />

Specific gravity<br />

Gemstone species have varying densities<br />

owing to the elements present within<br />

them and their arrangement, some being<br />

heavier such as iron, and others lighter<br />

such as silicon.<br />

Gauging the relative density of a gemstone<br />

can be very useful in identifying the mineral<br />

family the gemstone belongs to.<br />

This is determined in gemmology by<br />

calculating specific gravity, also known as<br />

relative density - the ratio of the density<br />

of the gemstone compared with water, a<br />

known density at 4°C.<br />

This idea of determining relative density<br />

began with the principle of buoyancy, proven<br />

by and subsequently named Archimedes<br />

principle after the renowned mathematician<br />

of Ancient Greece.<br />

Tasked with determining whether the king’s<br />

crown was pure gold, he needed a method<br />

of calculating density. The story is famously<br />

recounted as Archimedes taking a bath,<br />

where he realised that an object immersed<br />

in a liquid experiences a force equal to the<br />

weight of the volume of liquid it displaces.<br />

With further experiments comparing<br />

equal weights of pure gold and pure<br />

silver immersed in water, he was able to<br />

determine the density of the crown and<br />

concluded it was alloyed with silver.<br />

Building upon this discovery, another<br />

acclaimed mathematician introduced the<br />

method by which we measure specific<br />

gravity today – Galileo. Using two-pan<br />

scales to measure objects in air and<br />

in water, he formulated the equation<br />

gemmologists use to calculate the<br />

specific gravity of a gemstone.<br />

The apparatus for this test can either be<br />

rudimentary and portable, or highly precise<br />

and calibrated. Either way, the gemstone in<br />

question is weighed on the scales provided<br />

The story<br />

is famously<br />

recounted as<br />

Archimedes taking<br />

a bath, where he<br />

realised that an<br />

object immersed in<br />

liquid experiences<br />

a force equal to<br />

the weight of the<br />

volume of the<br />

liquid it displaces.<br />

in air, followed by in water.<br />

The calculation itself is simple – the weight<br />

of the gemstone in air is divided by the loss of<br />

weight when weighed in water.<br />

As one of only two gemmological instruments<br />

that provide a result as a numerical value, the<br />

outcome can then be assessed against a book<br />

of constants that give the range of specific<br />

gravities of different gemstone species.<br />

Neodymium magnets<br />

Some gemstones contain elements or<br />

metallic inclusions that make them magnetic.<br />

Examples in the former category include<br />

almandine garnets, due to their iron<br />

content, while an example in the latter<br />

includes some HPHT laboratory-created<br />

diamonds.<br />

Some gemstones may have a weak reaction<br />

to a strong magnet, whilst others may<br />

jump from the table to a magnet. This<br />

property makes neodymium magnets,<br />

the most powerful permanent magnet,<br />

another insightful yet compact tool at a<br />

gemmologist’s disposal.<br />

In the next issue of <strong>Jeweller</strong>, the fourth and<br />

final instalment in the Tools of the Trade<br />

series, we will explore how a microscope can<br />

act as a window to a gemstone’s origin.<br />

We will also examine how the bending of light<br />

can be measured by the refractometer and<br />

what a rainbow can reveal about chemistry in<br />

the spectroscope.<br />

Mikaelah Egan FGAA Dip DT<br />

began her career in the industry at<br />

Diamonds of Distinction in 2015. She now<br />

balances her role at the Gemmological<br />

Association of Australia with studying<br />

geology at the University of Queensland.<br />

Visit instagram.com/mikaelah.egan<br />

For more information on gems and<br />

gemmology, go to www.gem.org.au<br />

<strong>May</strong> <strong>2023</strong> | 31


SIF JAKOBS<br />

JEWELLERY<br />

COPENHAGEN<br />

INTERCHANGEABLE


FOCUS FEATURE<br />

Brighter Branding<br />

The<br />

BRANDED<br />

SAMUEL ORD explains how retailers<br />

can turn small wins into significant<br />

victories with branded jewellery.<br />

Messika <strong>2023</strong>


Brighter Branding | FOCUS FEATURE<br />

Messika: Earrings, cuff, necklace<br />

For the contemporary retailer one of the fastest<br />

ways to open the door to an expanded pool of<br />

loyal customers is by offering branded jewellery<br />

as a category and as a way to entice new customers.<br />

It’s important to remember that there is a difference<br />

between jewellery brands and ‘branded jewellery’.<br />

While ‘jewellery brands’ date back centuries they tend to<br />

operate as a vertically integrated business model, not as<br />

part of a wholesale model. These brands tend to be sold<br />

exclusively from company-owned stores.<br />

Branded jewellery meanwhile can be stocked by<br />

independent stores as its own unique category.<br />

As a trade, jewellery was late to the ‘branded’<br />

phenomenon, which rose to popularity following<br />

the viability demonstrated by Pandora’s success in<br />

the early 2000s.<br />

The true power of the category lies in the opportunity<br />

it presents to convert the faithful consumers of a<br />

particular form of branded jewellery into a base of<br />

customers loyal to their store.<br />

That leaves us with one question – how do we complete<br />

this conversion and make the most of this opportunity?<br />

There are a variety of avenues worthy of exploration, and<br />

Retail Edge Academy vice president Becka Johnson Kibby<br />

says that a multi-faceted approach is best – beginning with<br />

some light guidance on the sales floor.<br />

“The key is to find a way to bring other non-branded<br />

jewellery products to the attention of the customer in a<br />

positive manner,” she tells <strong>Jeweller</strong>.<br />

“My suggestion would be to show customers what<br />

they’re looking for, and then casually ask if you can<br />

get their feedback on a new line, range, or product<br />

you’ve added to the store.<br />

“This will allow your sales staff to showcase a different<br />

ON THE SAME PAGE<br />

DEFINITIONS<br />

JEWELLERY BRAND<br />

Usually operated as a vertically<br />

integrated business model, not<br />

as part of a wholesale model<br />

and sold exclusively from<br />

company-owned stores.<br />

BRANDED JEWELLERY<br />

Can be stocked by<br />

independent stores as its own<br />

unique category with story and<br />

follows current trends - useful<br />

for increasing foot-traffic<br />

product to the customer, and possibly generate a sale from<br />

that interaction. The added bonus is that the customer will<br />

feel valued, as you’ve come to them for their perspective.”<br />

Marketing<br />

One of the key benefits branded jewellery offers is that it<br />

provides independent retailers access to a ‘ready-made’<br />

customer base with a pre-formed emotional connection<br />

to the product.<br />

Further, stocking branded jewellery allows retailers to<br />

tap into designs and marketing strategies which are<br />

available with little investment.<br />

"<strong>Jeweller</strong>y brands tend to operate as a<br />

vertically integrated business model,<br />

not as part of a wholesale model."<br />

For example, Pandora is the world’s largest mass-market<br />

jewellery brand and has 9.3 million followers on Instagram.<br />

Thomas Sabo has more than 370,000 followers on<br />

Instagram, while Unode50 has more than 340,000<br />

followers. Ania Haie has passed the 84,000 mark,<br />

and Cour De Lion has more than 72,000.<br />

When an independent retailer elects to stock these<br />

high-profile brands, they are placing their business on<br />

the ‘fast track’ to sales from these followers who<br />

already have an established personal investment.<br />

In other words, the ‘leg work’ of establishing a connection<br />

between consumer and product has already been done on<br />

their behalf for the independent store owner.<br />

Unfortunately history has shown that many retailers<br />

fail to capitalise on what matters most, which is<br />

converting these branded jewellery devotees - whether<br />

it be Pandora or Thomas Sabo - into loyal patrons of<br />

34 | <strong>May</strong> <strong>2023</strong>


ASH JEWELLERY<br />

Brighter Branding | FOCUS FEATURE<br />

Sif Jakobs<br />

FINE KEEPSAKE JEWELLERY<br />

If you are a high-end store looking for fine<br />

jewellery to safely hold ashes inside forever -<br />

then please drop us a line!<br />

Every piece from our Ash Collection is made<br />

with skill and care, to be treasured for a lifetime.<br />

Available in yellow, rose or white gold<br />

with brilliant cut diamonds.<br />

Platinum is also available on request.<br />

Also suitable for Pet Ashes.<br />

Finalist in the International <strong>Jeweller</strong>y Design Awards<br />

Sydney 2017 with the original Collection.<br />

To find out more about our new Australian Collection<br />

please email - studio@loveinajewel.co.nz<br />

their jewellery store.<br />

Branded jewellery drives customers into stores,<br />

whether they be bricks and mortar or online, and<br />

the end result of this phenomenon must not only<br />

be sales of the branded jewellery, but also in other<br />

stocked items and services.<br />

Branded jewellery – especially those of the<br />

personalised and customisable variety –<br />

generates not only store traffic, but also<br />

repeat visits and purchases.<br />

Once your staff has these customers in front<br />

of them, what is the best method for completing<br />

this ‘conversion’ and invoking loyalty in the<br />

business itself?<br />

Johnson Kibby says it’s a matter of showcasing<br />

all that you have to offer.<br />

“<strong>Jeweller</strong>s shouldn’t hesitate to show every<br />

customer they interact with other products they<br />

offer, beyond what they’ve asked for,” she explains.<br />

“This opens the customer’s eyes to all that is on<br />

offer and gives you the chance to evolve the ‘brand’<br />

of your store in the mind of the customer.”<br />

She adds: “Get them talking! Remember that the<br />

more valuable you make a customer feel, the more<br />

likely they are to return to your store and become<br />

loyal to the business.”<br />

Be prepared<br />

It should go without saying that your staff need to<br />

be well prepared, particularly in a contemporary<br />

environment where a salesperson has less time<br />

than ever before to connect with customers.<br />

It’s been said that most sales are closed before<br />

the final interaction between sales staff and the<br />

customer begins.<br />

In the online environment, consumer attention<br />

has dropped to an eight-second average<br />

according to research from Microsoft.<br />

The majority of customers already have a clear view<br />

of your products, services, and benefits — as well<br />

as those of your competitor — because of research<br />

they’ve completed before entering your store.<br />

“Customers don’t want to spend time discussing<br />

‘what keeps them up at night.’ They are well down<br />

the path of solving their ‘problems’ before you meet<br />

them,” business author Ryan Estis explains.<br />

"The true power of the category lies<br />

in the opportunity it presents to covert the<br />

faithful customers of a brand form of<br />

branded jewellery into a base of customer<br />

loyal to their business."<br />

“The more you know about your customers the<br />

better prepared you’ll be when crafting your sales<br />

presentation. Fortunately, today’s salespeople<br />

have more information at their disposal than ever<br />

before.”<br />

Estis stresses the importance of what’s known as<br />

‘intent data’ as one of many ways to research your<br />

target customer.<br />

Whatever your approach, make sure your staff<br />

understands the data and can access it. He<br />

recommends your sales staff consider the<br />

following questions:<br />

• Where are potential and current customers<br />

spending most of their time?<br />

• What social channels are they creating or<br />

SINCE 2016


Discover the truly unique fine jewellery collection by Ania Haie.<br />

With every piece in the collection carefully crafted in highquality,<br />

100% recycled solid 14kt gold, the range is the perfect<br />

selection of simple but special pieces that you’ll wear for<br />

years to come.<br />

From minimal stud earrings and cuffs to eye-catching necklaces<br />

and rings incorporating ethically sourced stones such as vivid<br />

turquoise, opals, white sapphires and natural diamonds.<br />

Sustainability<br />

We care about the impact we have on our planet and so<br />

we ensure we only work with Responsible <strong>Jeweller</strong>y Council<br />

approved gold suppliers. Our 14kt Gold collection is crafted<br />

from 100% recycled gold, which means we are reducing our<br />

impact on the earth by not placing more demand for the<br />

mining of raw materials. We only use ethically sourced and fully<br />

traceable gemstones from responsible suppliers with strict<br />

environmental and ethical standards.<br />

(02) 9417 0177 / www.dgau.com.au<br />

Discover the Ania Haie way to update your jewellery collection<br />

with something truly special.


Brighter Branding | FOCUS FEATURE<br />

Sapphire Dreams<br />

Guess<br />

consuming content? Instagram? YouTube? Facebook?<br />

If you know where they are, you can understand what<br />

content they’re consuming and what motivates their<br />

purchasing decisions.<br />

From there, it’s a matter of finding the right tone – take note of<br />

the way these branded jewellerycompanies are communicating<br />

with their loyal fans - your marketing approach should match.<br />

As an example, trend-setting Pandora tends to keep<br />

things lighthearted and personable. If your mission is to<br />

convert Pandora’s loyal customers into those loyal to your<br />

business, you should take the same tact when dealing<br />

directly with customers.<br />

"The majority of customers already have a clear view of<br />

your products, services, and benefits - as well as those of<br />

your competitor - because they've completed research<br />

before entering your store."<br />

In more recent times branded jewellery has also transitioned<br />

from more ‘fashion’ products into the fine jewellery category.<br />

Today, many branded jewellery collections include high-end<br />

designs that feature colour gemstones and diamonds.<br />

If the consumers of these products hope to be treated<br />

‘seriously’ and are looking for a high-end experience, a<br />

salesperson would be foolish not to grant them such service.<br />

“In this new environment where buyers are more self-reliant<br />

and demand nothing but the best, sales preparation will be the<br />

difference between success and failure,” Estis says.<br />

“Salespeople can prepare for impact by doing the research,<br />

crafting a plan and willingly engaging with buyer resistance.”<br />

Johnson Kibby agrees with Estis and says that one of the most<br />

important responsibilities of any salesperson’s job is to ask<br />

AT THE FRONTLINE<br />

Experience Speaks<br />

SIMON DELL<br />

CEMOH<br />

"This omni-channel approach<br />

lets you show customers<br />

they are valued and makes<br />

them feel included"<br />

DANIEL BRACKEN<br />

MICHAEL HILL<br />

"The key marketing mantra<br />

that we’ve been building up<br />

at Michael Hill is marking<br />

the moments that matter in<br />

people’s lives"<br />

RYAN ESTIS<br />

IMPACTELEVEN<br />

"Listen to your customers and<br />

pay close attention to any<br />

indications they give you about<br />

what they like and dislike"<br />

questions and listen.<br />

“Listen to your customers and pay close attention to any<br />

indications they give you about what they like and dislike,”<br />

she says.<br />

“Ask questions to get to know them a bit more each time<br />

they come in and visit. This creates a relationship that goes<br />

beyond merely buying jewellery.”<br />

She adds: “Don’t be afraid to say ‘customers that love this<br />

product, also love this product’ in order to showcase more<br />

products. Be of assistance to them, and act more like a<br />

personal shopper than a member of the sales staff.”<br />

Repeat sales<br />

While the emphasis is so often placed on acquiring new<br />

customers, repeat sales are the lifeblood of any retail business.<br />

In part, this is because you do not have to invest in<br />

attracting a customer who already loyally shops with you.<br />

Pairing the offering of branded jewellery with a sales<br />

staff capable of generating committed relationships<br />

between a customer and a business is the recipe to<br />

success in this regard.<br />

Richard Shapiro, the founder of the Centre for Client<br />

Retention, says that when it comes to generating repeat<br />

sales, the same principles apply to all retailers – whether it<br />

be jewellery, clothing, homewares, or sports goods.<br />

“I grew up in a retail environment working for my father. I<br />

learned two important lessons. Firstly, it is more important<br />

to listen and learn the customer’s state of mind than to find<br />

out their method of payment,” he reveals.<br />

“Secondly, when new customers entered the store, they<br />

were strangers. My father hoped by the time they left they<br />

had become new friends.”<br />

In order to succeed in this area, Shapiro has six key areas<br />

of advice.<br />

38 | <strong>May</strong> <strong>2023</strong>


Nomination<br />

Thomas Sabo<br />

• Greet people as you would a new neighbour into your<br />

home: Communicate to your staff the importance of<br />

connecting with customers as people first.<br />

It’s more valuable to find out about the customer’s goals and<br />

personality than it is for them to immediately know exactly<br />

what’s in your inventory.<br />

• Have you visited this store before? If someone walks<br />

into your store for the first time, tell them more about your<br />

business.<br />

Let them know how long you have been in business, the details<br />

of your return policies, and where appropriate your personal<br />

customer experience philosophy.<br />

This is not only valuable information for your customer to have,<br />

it also opens a dialogue.<br />

• Always tell the customer you can assist them: People enjoy<br />

the feeling that they are speaking to a person who can help.<br />

It’s not important how you help them – instead, it’s about<br />

showing the customer you care about answering their question<br />

or resolving their problem.<br />

Remember that the goal is to position your business as the<br />

location where that customer solves all their jewellery-related<br />

problems – your business is not merely one of many stores<br />

offering Thomas Sabo or Unode50 product.<br />

• Listen to your customer’s emotions: Your sales staff must<br />

pay attention to what these customers are feeling, not just<br />

what they are saying.<br />

In almost every instance, you should be able to easily tell if<br />

someone is happy, frustrated, excited, or disappointed.<br />

By expressing a reaction to their emotional state you foster a<br />

new and beneficial relationship.<br />

• Print business cards for your staff: Business cards make<br />

employees feel more important and valued, and it’s an<br />

excellent way to provoke the customer to return.<br />

DAVID ALLEN<br />

PANDORA<br />

"It’s as important to<br />

have a personalised<br />

product offering as it is<br />

to have personalised and<br />

customisable experiences"<br />

BECKA JOHNSON KIBBY<br />

RETAIL EDGE ACADEMY<br />

"Listen to your customers<br />

and pay close attention to<br />

any indications they give<br />

you about what they like<br />

and dislike"<br />

RICHARD SHAPIRO<br />

CENTRE FOR CLIENT RETENTION<br />

“Secondly, when new<br />

customers entered the<br />

store, they were strangers.<br />

My father hoped by the<br />

time they left they had<br />

become new friends"<br />

The employee can simply say, “I really enjoyed helping you<br />

today. Here is my card with my contact information. Now that<br />

I know your tastes, I can let you know if we get something in<br />

stock you might like. Would you prefer me to email, call or<br />

text? Just let me know.”<br />

• Keep in touch: Many jewellery retailers fail to show the<br />

customer they matter after they make the initial sale.<br />

That’s a big mistake! Brainstorm with your staff about the<br />

best ways to show customers they are relevant after they<br />

leave your store.<br />

“Following up with a customer between visits is a crucial<br />

reminder of the value presented by you and your store,”<br />

Kibby Johson adds.<br />

"While the emphasis is so often placed on<br />

acquiring new customers, repeat sales are the<br />

lifeblood of any retail business. "<br />

Hypothetically, say a customer has entered your store to<br />

purchase a Pandora product for their partner. Without prying,<br />

find out how advanced the relationship is.<br />

Are they considering marriage? While you finalise their<br />

payment, perhaps they’d like to take a look at your<br />

engagement ring display.<br />

Again, now that you know their tastes, perhaps you can help<br />

them find something they else they like.<br />

If it’s personalised or customised jewellery, did they select<br />

anything featuring birthstones? Direct your customers to any<br />

relevant colour gemstone jewellery you may offer.<br />

These are the kinds of significant sales opportunities<br />

branded jewellery affords retailers; however, without<br />

staying in touch and demonstrating to the customer that<br />

<strong>May</strong> <strong>2023</strong> | 39


Love in a Jewel - Ashes Charms<br />

they matter beyond an initial transaction, you’ll be unable to<br />

maximise on these chances.<br />

Loyalty programs<br />

When it comes to ensuring repeat sales, few systems work better<br />

than loyal programs.<br />

Delivering value is one of the key components of any loyalty<br />

program. When creating your loyalty program, research what<br />

your customers respond to.<br />

Whether it be exclusive sales, birthday discounts, or earning<br />

points – Kibby Johnson says these are all personalised, tailored<br />

provocation for customers to return to your store.<br />

During the pandemic, Michael Hill International<br />

made improving its loyalty program a core priority<br />

as a part of a marketing ‘revamp’. Between 2020 and<br />

2022, Michael Hill’s loyalty program ‘Brilliance’<br />

quadrupled its membership base.<br />

“<strong>Jeweller</strong>s need to have a loyalty or rewards program that keeps<br />

the customers coming back for more,” she says.<br />

“Talking about family members, or the people they purchase<br />

for, as well as any events they may have upcoming, such as<br />

anniversaries and birthdays, is vital information to have when it<br />

comes to building a successful loyalty system.”<br />

She adds: “Be sure to document all this information in your POS<br />

software so that you have the facts readily available in the future.”<br />

Simon Dell is CEO of Cemoh, a Brisbane-based marketing firm,<br />

and says that the key to maximising the returns from your loyalty<br />

program is to ‘disguise the sell’.<br />

“Loyalty programs are, of course, designed to increase customer<br />

loyalty and keep people shopping with you, with the end goal to


FOCUS FEATURE | Brighter Branding<br />

Pandora<br />

generate more sales and profits – however it should never appear<br />

that way,” Dell explains.<br />

“Building customer loyalty is about making genuine connections<br />

and showing appreciation for continued business. You should<br />

absolutely offer special deals and benefits to loyalty program<br />

customers; however, only if it delivers real value to them.”<br />

The jewellery industry has many loyalty program ‘success stories’<br />

and there’s no reason why your business shouldn’t be the next.<br />

During the pandemic, Michael Hill International made improving<br />

its loyalty program a core priority as a part of a marketing<br />

‘revamp’.<br />

Between 2020 and 2022, Michael Hill’s loyalty program ‘Brilliance’<br />

quadrupled its membership base.<br />

“The key marketing mantra that we’ve been building up at Michael<br />

Hill is marking the moments that matter in people’s lives,” CEO<br />

Daniel Bracken told The Australian.<br />

"It's more valuable to find out about the<br />

customer's goals and personality than it is for them<br />

to immediately know what's in your inventory."<br />

He continued: “We’re not here to sell transactional jewellery, we’re<br />

here to sell that whole life cycle from the engagement ring to the<br />

wedding band, the first anniversary after the first child is born to<br />

the second child, third child, to the fifth anniversary to the 10th.”<br />

And what did this record number of members amount to, I hear<br />

you asking? Michael Hill enjoyed a record first-half in 2022, with<br />

an increase in retail revenue in Australia of 18 per cent alone.<br />

In New Zealand, sales increased by 13.8 per cent. The company’s<br />

loyalty base now has 1.7 million members and accounts for 82 per<br />

cent of sales.<br />

Need more proof? Pandora operates more than 6,400 stores<br />

PinkKimberley.com.au<br />

Become a stockist today 02 9290 2199<br />

<strong>May</strong> <strong>2023</strong> | 41


Brighter Branding | FOCUS FEATURE<br />

QUICK REVIEW<br />

Technology is your friend<br />

So, how can your business make the most of a loyalty program?<br />

Dell says the key is to harness technology.<br />

“Traditionally, a loyalty program may have been confined to email<br />

communication, or even ‘snail mail’!” he jokes.<br />

“Loyalty programs are of course designed to increase customer<br />

loyalty and keep people shopping with you, with the end goal<br />

to generate more sales and profits – however it should never<br />

appear that way.”<br />

“Now, businesses can provide an omni-channel experience for<br />

their customers.”<br />

» Apps: Send alerts, offer discounts, and promote offers to<br />

customers through an app.<br />

» Social media: This approach is not only convenient, it<br />

also gives customers a chance to share and promote your<br />

business to attract like-minded shoppers.<br />

» Email: Everyone hates spam; however, when your<br />

customers are engaged enough to willingly seek email offers<br />

and communication, you must take the opportunity!<br />

Emails are a great way to announce sales, introduce new<br />

products, and offer exclusive discounts.<br />

» Text messages: In advertising terms, using text messages<br />

is a relatively new phenomenon, however it’s effective.<br />

Use texts to let your loyal customers know about special offers<br />

and opportunities, and be careful not to come across as spam.<br />

According to Podium’s Business-to-Customer Communication<br />

Report, 46 per cent of Australians delete a brand’s email without<br />

opening it every day.<br />

Further, 63 per cent of those surveyed said they prefer SMS<br />

communications due to the convenience.<br />

These text messages had a 98 per cent open rate and a 45 per cent<br />

click-through rate – so consider using text campaigns to increase<br />

sales. Can you imagine your potential increase in sales if 98 per<br />

cent of your customers read the news about your latest promotion?<br />

Dell says by sending spam, you risk damaging the trust<br />

established with the customer which allowed them to share<br />

their contact information in the first place.<br />

“This omni-channel approach lets you show customers they are<br />

valued and makes them feel included,” Dell concludes.<br />

“It also keeps your business top-of-mind, allowing you to take<br />

advantage of opportunities to secure a sale at any time of the day.”<br />

Pandora<br />

worldwide and in 2022 achieved a full-year sales increase of 13 per<br />

cent to $US3.82 billion.David Allen, Pandora’s Pacific and Greater<br />

Asia managing director, says that much of this success can be<br />

attributed to a refined approach to interactions with customers.<br />

Allen told <strong>Jeweller</strong> that this year Pandora Club Members<br />

were recently asked if they did or did not want to receive<br />

correspondence promoting Mother’s Day related campaign<br />

material, due to the sensitive nature of the occasion to some<br />

consumers.<br />

“Personalisation is about delivering content, product and<br />

services that match the lifecycle of the consumer, and using prior<br />

interactions to determine and anticipate what the consumer is<br />

going to do next,” he says.<br />

“It’s as important to have a personalised product offering as it is to<br />

have personalised and customisable experiences.”<br />

Good luck<br />

By offering branded jewellery, you’re winning the initial battle –<br />

connecting with new customers already emotionally invested in a<br />

brand.<br />

The secret to winning the war; however, is to convert these new<br />

customers interested in a singular branded jewellery product into<br />

loyal patrons of your business.<br />

You can do so by ensuring that your staff is well prepared and<br />

understands how to communicate with customers in a way that<br />

mirrors their motivation to pursue a particular branded jewellery<br />

product in the first place.<br />

It’s important to ensure repeat visits by positioning yourself as a<br />

business that has the solutions to all their jewellery needs, and<br />

cement your value by operating an effective loyalty program which<br />

offers your customers true value for their time and money.<br />

Branded jewellery opens the door to a dedicated customer base,<br />

loyal to your store above all competitors for a variety of reasons;<br />

however, it’s up to you and your staff to walk through that door.<br />

42 | <strong>May</strong> <strong>2023</strong>


CAROLINE<br />

(02) 9417 0177 / dgau.com.au<br />

WOLF1834.COM


MOVEMENT IN THE WATCH MARKET<br />

Tough Times<br />

Never Last<br />

Those most passionate about the watch industry<br />

are too often pessimistic. SAMUEL ORD reflects<br />

on a surprisingly positive opening quarter.<br />

Tommy Hilfiger <strong>2023</strong>


WATCHES FEATURE<br />

Industry Snapshot<br />

L to R: Rolex;<br />

Baume & Mercier;<br />

Patek Phillipe<br />

Many industry analysts predicted<br />

that it was wise for watch<br />

and timepieces retailers to<br />

be cautious heading into <strong>2023</strong> amid an<br />

uncertain global economy.<br />

Market analysts bemoaned the impacts of inflation<br />

and increasing interest rates while alluding to the<br />

possibility of a worldwide recession.<br />

In terms of watches specifically, the decreasing<br />

prices of products from Rolex, Patek Phillipe,<br />

and Audemars Piguet on the second-hand<br />

market were interpreted as signs that consumer<br />

enthusiasm was waning.<br />

“Resale prices of the hottest modern<br />

timepieces — chiefly the Rolex Daytona, the<br />

Patek Philippe Nautilus, and the Audemars<br />

Piguet Royal Oak — have fallen by as much as<br />

50 per cent from their highs in January,” writes<br />

Victoria Gomelsky of The New York Times.<br />

“The correction, which began in April, has<br />

spooked some buyers and sellers. Among<br />

longtime watch industry observers, that kind of<br />

ambivalence is not unusual.”<br />

Despite the pessimism this year has instead<br />

proven to be a rewarding journey so far.<br />

Watches and Wonders Geneva was a blockbuster<br />

event, likened by one attendee to the ‘Super Bowl’<br />

of the watch industry. More than 43,000 visitors<br />

took part in the seven-day gathering, an increase<br />

from just 22,000 the year before.<br />

“There were plenty of serious, restrained,<br />

elegant, and even relatively small timepieces on<br />

offer at Watches and Wonders,” writes Justin<br />

Fenner of Robb Report.<br />

“But a handful of brands proved that there’s<br />

truly nothing that succeeds like excess — or at<br />

least a wild swing for the fences. Something<br />

tells us we’re going to be thinking about these<br />

things for a long time.”<br />

In terms of retail performance, Swiss watch<br />

exports once again broke records in 2022 via a<br />

year-on-year increase of 11 per cent.<br />

Leaders Rolex, Audemars Piguet, Patek Philippe,<br />

and Richard Mille outperformed the broader<br />

industry and captured a consolidated market<br />

share of 41 per cent, up from 36 per cent in 2019.<br />

With the continued easing of pandemic<br />

restrictions in China there’s reason for further<br />

optimism according to Oliver R. Müller of<br />

Watches by SJX.<br />

“With the reopening of the Chinese market, the<br />

outlook for the luxury goods industry and Swiss<br />

watchmaking is promising there, but the situation<br />

in other countries, including the US will probably<br />

get more complicated this year,” he explains.<br />

“The Swatch Group is likely to be the main<br />

beneficiary of the positive trend in China as its two<br />

leading brands, Omega and Longines, are ranked<br />

first and second respectively by revenue in China.<br />

Tissot is also a major player in the country.”<br />

He adds: “It should still be a record year, albeit<br />

with more modest growth in value of 3 or 4 per<br />

cent. There will be increased polarisation, with<br />

an even greater divergence between brands that<br />

outperform and those that will have difficulty<br />

compensating for the decline in sales after the<br />

buoyant demand in 2021 and 2022.”<br />

At the top of the market, the returns from auctions<br />

featuring elite watches have likewise generated<br />

reason for optimism.<br />

While the strategy by auction houses has changed<br />

– switching to quality rather than volume – the<br />

sale of a Patek Phillipe complication Sky Moon<br />

Tourbillon for an online world record price<br />

of $US5,815,300 ($AU7,746,129) is proof that<br />

enthusiasm is still rampant.<br />

“It is not just the high-end of the market that feels<br />

sanguine about the future,” Gomelsky says.<br />

“Watchmakers across the price spectrum said<br />

they believe that some people who were drawn to<br />

the category’s investment potential over the past<br />

couple of years now realise they have a genuine<br />

passion for timepieces, and that will help sustain<br />

the industry through any economic turbulence<br />

that lies ahead.”<br />

While the naysayers will undoubtedly continue<br />

to search for reasons to doubt a healthy future<br />

for the watch market, so far the positives are<br />

undeniable.<br />

<strong>May</strong> <strong>2023</strong> | 45


ADVERTISING FEATURE<br />

Watch Showcase<br />

Accutron<br />

2ES6A001<br />

Citizen Australia<br />

This luxury watch for men<br />

re-imagines what a timepiece<br />

can be with the proprietary<br />

electrostatic movement, unique<br />

to the Accutron line, an intricately<br />

engineered motor and turbine<br />

system that generates power. This<br />

is a men’s watch that is designed<br />

to be as unique as you are.<br />

Alba<br />

AL4285X<br />

Seiko Australia<br />

Alba watches – a brand of<br />

Seiko Watch Corporation<br />

– is a unique collection of<br />

fresh brightly designed<br />

timepieces, that became<br />

an instant symbol of value<br />

and quality. Model AL4285X<br />

from the striking Toyko Neon<br />

collection is equipped with<br />

automatic movement, 200<br />

metres of water resistance,<br />

and a striking black case and<br />

bracelet in stainless steel.<br />

Alpina<br />

AL-525G4AE6B<br />

Citizen Australia<br />

Alpina set the standards of the<br />

modern sports watch by unveiling<br />

its Alpina Extreme timepiece<br />

boasting an automatic, screw-in<br />

crown, water-resistant and<br />

stainless steel. The current Alpiner<br />

collection presents strong and<br />

sturdy watches that can resist<br />

the toughest conditions while<br />

remaining stylish and easy to wear.<br />

Baume & Mercier<br />

M0A10728<br />

Duraflex<br />

Baume & Mercier’s new addition<br />

to the Riviera collection features<br />

a new stunning violet sun-satin<br />

dial within the dodecagonal<br />

case, with Roman numerals,<br />

indexes coated in Superluminova,<br />

rhodium-plated hands, along with<br />

an integrated strap in polished<br />

and satin-finished stainless steel.<br />

The watch has a 10-year<br />

autonomy quartz movement<br />

and is water-resistant to 5ATM.<br />

BOSS<br />

MGDL<br />

BOSS watches are all<br />

powered by precise and<br />

reliable quartz movements.<br />

This watch is part of<br />

the men's Centre Court<br />

collection and features<br />

a stainless steel case.<br />

It measures 44mm in<br />

diameter. A silver tachymeter<br />

bezel surrounds the dial.<br />

The watch is finished with a<br />

stainless steel bracelet that<br />

fastens with a push-button<br />

deployment mechanism.<br />

46 | <strong>May</strong> <strong>2023</strong>


TIMING FOR CHAMPIONS<br />

In 2008, Edox presented the Chronorally,<br />

a revolutionary chronograph with new,<br />

sophisticated technical functions<br />

originally developed for rally drivers.<br />

The characteristic watch with the<br />

oversized start and stop pusher quickly<br />

became a public favourite of the Edox<br />

collection. The Chronorally collection<br />

has been associated with many<br />

prestigious racing competitions and will<br />

naturally be highlighted during the new<br />

sponsorship with BMW M Motorsport.<br />

(02) 9417 0177 / www.dgau.com.au


Watch Showcase<br />

Bulova<br />

98K112<br />

Citizen Australia<br />

In August of 1971, a<br />

Bulova chronograph<br />

was worn on the moon,<br />

engineered for the<br />

demands of the lunar<br />

environment. Now,<br />

Bulova returns to the<br />

design and updates<br />

it with an exclusive<br />

high-precision quartz<br />

movement, continuing<br />

its legacy of precision<br />

timing with the Bulova<br />

Lunar Pilot chronograph<br />

from the Archive Series.<br />

Citizen<br />

BN0166-01L<br />

Citizen Australia<br />

Inspired by the beauty of nature, the new<br />

Unite with Blue Promaster captures the<br />

captivating shades of blue of the ocean.<br />

Made of 100 per cent recycled polycarbonate<br />

materials, the structural colour ink on the<br />

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WE STOCK AN EXTENSIVE<br />

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BERGEON PRODUCTS<br />

100%<br />

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Classique<br />

SGA<br />

Classique is an Australian-owned<br />

brand, servicing the industry for<br />

more than 55 years. Renowned<br />

for their sleek designs, expert<br />

craftsmanship and diverse range,<br />

each piece is fitted with Swissmade<br />

movements. Our Premier<br />

Slimline watches are subtle and<br />

elegant, with an array of designs,<br />

each crafted to perfection.<br />

At Labanda<br />

We repair watches.<br />

Labanda Pty Ltd<br />

Coach<br />

MGDL<br />

From COACH, the women's<br />

Tatum Analog Gold Stainless<br />

Steel Bracelet Watch features<br />

a gold-tone stainless steel<br />

case, bracelet, crystal dial<br />

markers, and a silver-white<br />

dial. Additional features<br />

include a date window,<br />

deployment closure, and<br />

quartz analog movement. The<br />

case diameter is approximately<br />

34mm and the watch is waterresistant<br />

to 99 feet.<br />

22 Heussler Terrace, MILTON QLD 4064<br />

Tel: (07) 3876 7481 | labanda.com.au


EXCLUSIVELY DISTRIBUTED IN AUSTRALIA AND NEW ZEALAND BY<br />

AU +61 2 8543 4600 NZ +64 9 480 2211 | designaaccessories.com.au


Watch Showcase<br />

Coeur de Lion<br />

Timesupply<br />

Iconic Cube watches match<br />

perfectly with the iconic<br />

GeoCUBE <strong>Jeweller</strong>y from<br />

Coeur de Lion. The Iconic<br />

watches have a highquality<br />

stainless steel case<br />

with faceted edges and are<br />

embellished with sparkling<br />

European crystals. Worn<br />

every day and worthy of<br />

special occasions, these<br />

glamourous watches are<br />

bound to turn heads.<br />

Edox<br />

10242-TINM-GIDNO<br />

Duraflex<br />

Edox’s CO-1 Titanium<br />

Chronograph is crafted from<br />

strong yet lightweight titanium,<br />

with features including a water<br />

resistance of 1000 metres,<br />

luminescent components,<br />

chronograph sub-dials, and<br />

a scratch-resistant sapphire<br />

crystal. This watch is among<br />

the world’s best Swiss-made<br />

chronographs. A versatile<br />

accessory that exemplifies<br />

Edox’s dedication to the Switch<br />

watchmaking craft in its<br />

innovative, impressive design.<br />

Furla<br />

WW00039002L3<br />

Designa<br />

Furla Tortana is a<br />

statement women's<br />

piece. This 30mm<br />

timepiece features a<br />

repeating logo motif<br />

on the rose goldtone<br />

case and logo<br />

detailing on the rose<br />

gold-tone bracelet<br />

making it the perfect<br />

finishing touch to<br />

any look.movement.<br />

Frederique Constant<br />

FC-718NWWM4H6<br />

Citizen Australia<br />

One watch for 24 time zones.<br />

The Classics Worldtimer<br />

Manufacture is ready to explore<br />

the world of today – and<br />

tomorrow! All features are<br />

executed by hand, mostly, for<br />

the pleasure of any connoisseur<br />

of high-quality watchmaking.<br />

Guess<br />

Designa<br />

This elegant, petite goldtone,<br />

adjustable G link<br />

bracelet chain is brimming<br />

with crystals ensuring you<br />

will shine on your night<br />

out. The 32mm polished<br />

case with sunray dial adds<br />

a refined twist making this<br />

the perfect party partner.<br />

LORUS<br />

RW611AX-5<br />

Seiko Australia<br />

Lorus continues a<br />

proud tradition with the<br />

RW611AX-5. Packed with a<br />

stopwatch that will measure<br />

up to 23 hours in 1/100th<br />

of second increments, an<br />

alarm, and a dual-time<br />

facility, this watch stands<br />

out. Stainless steel is used<br />

throughout the case and<br />

bracelet to ensure longevity<br />

and a quick-release clasp<br />

offers ease of wear.<br />

Luminox<br />

XS.3862<br />

Duraflex<br />

The Master Carbon<br />

SEAL Automatic<br />

combines all the<br />

details for which<br />

Luminox is famous<br />

– toughness,<br />

luminosity, extreme<br />

water resistance,<br />

and legibility – with a<br />

Swiss Made SELLITA<br />

SW 220-1 automatic<br />

movement that also<br />

features a day and<br />

date window.<br />

50 | <strong>May</strong> <strong>2023</strong>


Maxum<br />

X2316G2<br />

Designa<br />

The Endurance is constructed<br />

to withstand the toughest<br />

conditions. Its sleek white and<br />

gold design also features an<br />

alarm, backlight, stopwatch<br />

and is 100 metres water<br />

resistant and has a two-year<br />

replacement warranty making<br />

it the must-have digital watch.<br />

EST. 1981<br />

GREAT WATCHES DESERVE<br />

A GREAT WATCH BATTERY<br />

Nomination<br />

Timesupply<br />

Gorgeous watches from Nomination<br />

Italy with the option to personalise<br />

with Classic Composable Links.<br />

The Paris Watch with composable<br />

classic bracelet offers an elegant<br />

round case in stainless steel<br />

with a unique Sunray Pink dial<br />

set with sparkling cubic zirconia.<br />

Eye-catching when layered with<br />

Nomination composable bracelets.<br />

Mondaine<br />

MSE.35130.SM<br />

Duraflex<br />

The new addition to<br />

Mondaine's evo2 collection<br />

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Watch Showcase<br />

Police<br />

PEWJB0005604<br />

Duraflex<br />

Engineered for every occasion,<br />

the Police men's Underlined<br />

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the design of Underlined is<br />

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Secured by a thick-cut tan grain<br />

leather strap which contrasts<br />

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Ringers Western<br />

SGA<br />

Add a touch of style to any<br />

outfit with the Ringers Western<br />

Kimberley watch range.<br />

Showcasing a lovely open-link<br />

band and embellished face, it<br />

is perfectly versatile. Available<br />

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range symbolises quality<br />

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Delicate yet durable, this<br />

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Rosefield<br />

UGGSG-U37<br />

Designa<br />

The Octagon XS is a brand-new<br />

collection of compact, modern<br />

watches from Rosefield that has<br />

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eye-catching mother-of-pearl<br />

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The polished five-link gold<br />

bracelet strap also evokes the<br />

finesse of classic elegance.<br />

SEIKO<br />

SFK003J<br />

Seiko Australia<br />

Known as the Sumo in Seiko<br />

fan circles, this rendition<br />

features a new Solar GMT<br />

movement. Constructed in<br />

stainless steel, with scratchresistant<br />

sapphire glass, the<br />

Prospex Solar GMT is built to<br />

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for divers watches. Boasting<br />

a textured green dial, with<br />

sword-shaped hands the<br />

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includes the divers extender.<br />

Sekonda<br />

SK30039<br />

Duraflex<br />

Elegant and fashionable, the<br />

watches from SIF Jakobs<br />

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designed in Denmark. This<br />

stylish round watch made of<br />

gold-plated stainless steel,<br />

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sunray dial is sure to impress.<br />

SIF Jakobs<br />

Timesupply<br />

Elegant and fashionable,<br />

the watches from SIF<br />

Jakobs enhance the<br />

beautiful jewellery<br />

designed in Denmark. This<br />

stylish round watch made<br />

of gold-plated stainless<br />

steel, with a polished and<br />

brushed surface, sapphire<br />

glass with magnifying<br />

lens, and white zirconias<br />

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dial is sure to impress.<br />

52 | <strong>May</strong> <strong>2023</strong>


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<strong>May</strong> <strong>2023</strong> | 53


Australia’s #1 <strong>Jeweller</strong>y Directory<br />

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Watch Showcase<br />

UNITE with<br />

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Ted Baker<br />

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Designa<br />

Contemporary and fresh, the<br />

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case with black dial is revamped<br />

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outfit! Now available with brand<br />

new packaging made 100 per<br />

cent from sustainable sources.<br />

Thomas Sabo<br />

TWA0400<br />

Duraflex<br />

The nod to antiquity is underlined<br />

by the Roman numerals on the<br />

grey sunburst dial, which look<br />

particularly elegant set amongst<br />

hand-set white zirconia stones in<br />

sophisticated baguette and diamond<br />

cuts. The date display and silver<br />

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Timex<br />

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Designa<br />

The Midtown collection from<br />

Timex offers a tasteful design<br />

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The black rubber strap, silvertone<br />

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Tommy Hilfiger<br />

MGDL<br />

The range of products sold<br />

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This CEO Tech combines style<br />

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<strong>May</strong> <strong>2023</strong> | 55


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GEMSTONES FEATURE<br />

Rainbow Revolution<br />

The<br />

GEMSTONES STEAL THE SPOTLIGHT<br />

Colour gemstones are increasingly desired by consumers seeking a<br />

unique and personal style. SAMUEL ORD details this surge in popularity<br />

and how retailers can make the most of the opportunity it presents.<br />

Gubelin <strong>2023</strong>


The Colour Allure | FEATURE<br />

Gubelin<br />

C<br />

onsumers are increasingly willing to push the<br />

conventional boundaries when it comes to<br />

fashion and style, therefore it should come<br />

as no surprise to see that colour gemstone jewellery is<br />

having a moment in the sun.<br />

Emerald, tourmaline, opal, and tanzanite, to name but a<br />

few, are as beautiful as they are versatile and offer wearers<br />

the ability to develop their own unique style and flair.<br />

Modern consumers value personalisation above all<br />

else and colour gemstone jewellery offers exactly that.<br />

It’s a departure from the norms of white diamonds,<br />

gold and silver and the embrace of something new.<br />

Whether it be the entrancing ocean blues of an<br />

aquamarine or the fiery heart of a ruby, these natural<br />

treasures have captured the attention of not only<br />

consumers, but designers too.<br />

Cushla Whiting is a bespoke fine jewellery store based in<br />

Melbourne, offering an arrangement of sapphire, emerald,<br />

ruby and spinel pieces.<br />

The business is named after its creative director – Cushla<br />

Whiting - who believes gemstone jewellery has been<br />

prominent for some time.<br />

“We do find colour gemstone jewellery to be very popular,<br />

but for us, this has been the case for many years now,” she<br />

tells <strong>Jeweller</strong>.<br />

“I think colour gemstone has become increasingly popular<br />

due to the fact that customers are wanting something<br />

unique and every colour gemstone is different.”<br />

She continues: “With the steep increase in the price of<br />

diamonds in recent years, colour gemstones can often<br />

also be a more affordable option.”<br />

Another unique selling point to local consumers is<br />

that much of the world’s greatest gemstones originate<br />

in Australia.<br />

AT THE FRONTLINE<br />

Trend Speak<br />

RAPHAEL GÜBELIN<br />

HOUSE OF GÜBELIN<br />

"We see colour gemstones<br />

becoming more popular for<br />

engagement rings. Couples want<br />

to express their love and choose<br />

gemstones that are connected<br />

to them personally"<br />

CUSHLA WHITING<br />

CUSHLA WHITING<br />

"We do find colour gemstone<br />

jewellery to be very popular, but<br />

for us, this has been the case for<br />

many years now"<br />

MARIA ULAS<br />

ARTELIA JEWELLERY<br />

"Colour gemstones retain a<br />

huge appeal, they easily attract<br />

the glance of customers when<br />

displayed in our store window"<br />

For example, few consumers know that 95 per cent of<br />

the world’s supply of precious opals is sourced from<br />

Australia and that as a point of pride, it’s the country’s<br />

national gemstone.<br />

Melbourne-based Artelia <strong>Jeweller</strong>y offers a wide range of<br />

gemstone jewellery and creative director Maria Ulas takes<br />

great pride in its uniquely Australian origins.<br />

"Emerald, tourmaline, opal, and tanzanite,<br />

to name but a few, are as beautiful as they are<br />

versatile and offer wearers the ability to develop<br />

their own unique style and flair."<br />

“As an Australian jeweller, we wanted to make something<br />

quintessentially Aussie, combining opals, sapphire and<br />

pearls to show how colourful our country uniquely is,” she<br />

tells <strong>Jeweller</strong>.<br />

“I love all colour gemstones. Unfortunately, not everyone<br />

shares my opinion. I would love to see more young people<br />

going for a ruby, for instance! We’re about to launch a<br />

collection of opal jewellery with both white and black opals<br />

of all shapes and sizes.”<br />

Sparkling sapphires<br />

Australia is the source of many of the world’s other finest<br />

colour gemstones, including but not limited to sapphires,<br />

garnet, topaz, emeralds, zircon and chrysoprase.<br />

Sapphires contain traces of titanium, iron, and nickel,<br />

which provides them with a range of colours including<br />

blue, orange, black, green, yellow and pink.<br />

The more iron the sapphire contains, the darker the colour.<br />

During the medieval era, many kings wore sapphires on<br />

the battlefield as they believed it would protect them in<br />

moments of violence.<br />

Sapphires are found in all eastern Australian states,<br />

58 | <strong>May</strong> <strong>2023</strong>


The Colour Allure | FEATURE<br />

ASHLEY PORTAS<br />

BRISBANE’S DIAMONDPORT JEWELLERS<br />

Mikimoto<br />

"In total, our survey recorded more<br />

than 50 different gemstones. This<br />

just goes to show there aren’t any<br />

rules when it comes to choosing<br />

the perfect engagement ring"<br />

including Tasmania. Ben Manning is the director of<br />

Utopian Creations in Adelaide. Manning specialises in<br />

colour gemstones and says, “Colour gemstone jewellery<br />

continues to be our focus, predominantly Australian<br />

sapphire engagement rings”.<br />

“We’ve seen a slow and steady increase in people searching<br />

for Australian sapphires over the past 10 years with a more<br />

pronounced increase over the past 5 years.”<br />

Manning is passionate about creating jewellery which<br />

originates from ethical sources and says that many of his<br />

customers share the same view.<br />

“In a world where customers expect better financial, health<br />

and safety outcomes for supply chains and care for the<br />

environment, local gemstones can be a real asset,” he says.<br />

“Traveling to the mining areas, seeing the miners in action,<br />

and noting the care that's taken for the local environment<br />

is really important.<br />

“It helps us to build a story around our products, and<br />

connecting the consumer with the origins of the materials.”<br />

Whiting recounts similar experiences to that of Manning<br />

and says that sapphires in particular are ‘hot property’<br />

among her customers.<br />

“Sapphire is definitely the most popular colour gemstone<br />

we sell as they are a perfect durable option for engagement<br />

rings and come in a vast range of colours,” she explains.<br />

“Teal sapphires are our most popular seller by far!<br />

People love that they are a bit different and not so<br />

traditional looking.”<br />

Remarkable rubies<br />

The rich multicultural make-up of Australia’s population<br />

has led to the emergence of a market with varying<br />

appetites when it comes to fine jewellery.<br />

This has proven to be a win for contemporary retailers<br />

willing to experiment with what products they offer with the<br />

hope of appealing to as many customers as possible.<br />

BEN MANNING<br />

UTOPIAN CREATIONS<br />

"In a world where customers<br />

expect better financial, health<br />

and safety outcomes for<br />

supply chains and care for the<br />

environment, local gemstones<br />

can be a real asset"<br />

OLIVIA CUMMING<br />

CLEOPATRA’S BLING<br />

"The demand is there for diamonds;<br />

however, I think that people<br />

come to us for colour gemstone<br />

engagement rings because many<br />

couples want an unconventional<br />

ring for their wedding"<br />

WILLIAM STONE<br />

STONES DIAMONDS<br />

“Australians love colour<br />

gemstone jewellery, they<br />

offer a unique yet beautiful<br />

engagement ring choice,<br />

especially as a more<br />

affordable option"<br />

Not only do customers request variety, they also prioritise<br />

unique and custom designs, an area where gemstone<br />

jewellery is particularly appealing.<br />

“The Australian market is one of a kind in the world of<br />

jewellery because it involves customers from extremely<br />

diverse and varied cultural backgrounds,” Ulas explains.<br />

“There are people who have more conservative tastes and<br />

won’t even consider anything else than the now-traditional<br />

combination of white gold or platinum and white diamonds.<br />

“But there are also people with broader taste, involving<br />

gemstones that might have a special cultural meaning to<br />

them. This diverse social makeup makes the Australian<br />

market quite unpredictable.”<br />

"The more iron the sapphire contains, the darker the<br />

colour. During the medieval era, many kings wore<br />

sapphires on the battlefield as they believed it would<br />

protect them in moments of violence."<br />

William Stone is a manager at Stones Diamond Ring<br />

Specialists in Brisbane and says that a strong colour<br />

gemstone jewellery offering should be a point of pride for<br />

any retailer.<br />

“We take great pride in our colour gemstone collections.<br />

At any given time of the year we have over 150-200<br />

readymade colour gemstone rings, in our store windows<br />

ready for customers to try on or purchase.<br />

“We are often complimented by customers on our variety<br />

of colours and designs. We see consistent sales in our<br />

colour gemstone collections, and around Christmas time<br />

we always see an increase in this particular category,”<br />

Stone says.<br />

He also believes the most popular colour gemstone sellers<br />

so far in <strong>2023</strong> have been Australian blue Inverell sapphires,<br />

emeralds, rubies (particularly darker Burmese rubies),<br />

60 | <strong>May</strong> <strong>2023</strong>


THE ROAD LESS TRAVELLED<br />

Stars & Gemstones<br />

The dominance of diamonds in the engagement and marriage<br />

market is often credited to Tiffany & Co and the introduction of<br />

the six-prong solitaire setting in the late 1880s.<br />

This was further solidified in the 1940s when De Beers coined<br />

one of the most powerful advertising slogans of all time<br />

– ‘A diamond is forever.’<br />

While diamonds have ruled the roost for more than 140 years<br />

now, there have been many high-profile engagement rings<br />

featuring colour gemstones.<br />

Princess Diana wore a 12-carat blue sapphire halo with<br />

diamonds.<br />

Actress Emma Stone and singer Ariana Grande wear rings that<br />

incorporate pearls and actress Elizabeth Olsen is well known<br />

for her love of emeralds.<br />

In the UK, Princess Eugenie wears a 20-carat orange-pink<br />

sapphire, and actor Orlando Bloom proposed to musician Katy<br />

Perry with an engagement ring featuring a ruby.<br />

More recently, actress Megan Fox marked her engagement to<br />

musician Machine Gun Kelly with a ring headlined by an emerald.<br />

Musician Jennifer Lopez has twice been engaged to actor Ben<br />

Affleck in 2002, who first proposed to her with a 6-carat pink<br />

diamond in 2002, and when the pair reconnected in 2021, he<br />

proposed again – this time with an 8-carat green diamond.<br />

PRINCESS<br />

DIANA<br />

PRINCESS<br />

EUGENIE<br />

EMMA<br />

STONE<br />

KATY<br />

PERRY<br />

ARIANA<br />

GRANDE<br />

MEGAN<br />

FOX<br />

ELIZABETH<br />

OLSEN<br />

JENNIFER<br />

LOPEZ<br />

Love it or hate it, celebrities are more often than not the largest<br />

influence of consumer trends in jewelley.<br />

With that said, it should come as no surprise that online interest<br />

for ‘green engagement ring’ increased by almost fourteen times<br />

more than the average search volume following the announcement<br />

of a second engagement in April of 2022.<br />

The term ‘green ring’ also reached a record number of searches -<br />

increasing 81 per cent.<br />

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<strong>May</strong> <strong>2023</strong> | 61


The Colour Allure | FEATURE<br />

Muzo x Argyle<br />

Ceylon sapphires, and pink sapphires.<br />

“Australians love colour gemstone jewellery, they offer a<br />

unique yet beautiful engagement ring choice, especially as<br />

a more affordable option,” he explains.<br />

“Often there is meaning and symbolism behind the choice,<br />

personal touch, birthstone or favourite colour.”<br />

He continues: “I think colour gemstone rings will always<br />

remain a popular option, especially in the Australian<br />

market. The continued choice of colour gemstone rings<br />

as an engagement ring and anniversary gift suggests this<br />

trend will continue.”<br />

Ulas agrees with Stone and says that gemstone jewellery<br />

displays should always be front-and-centre in a store, as<br />

they easily capture the attention of those passing by.<br />

“Colour gemstones retain a huge appeal, they easily attract<br />

the glance of customers when displayed in our store<br />

window,” she explains.<br />

“We do have many walk-in customers who buy gemstones<br />

earrings and necklaces ‘off-the-rack’ just because they<br />

saw them in our window. That remains a big part of our<br />

non-custom-made customer base but not necessarily as<br />

an engagement ring.”<br />

Enticing emeralds<br />

In many cultures green gemstones such as emerald,<br />

garnet, and tourmaline have been viewed as symbols of<br />

creativity and change.<br />

Change is well and truly in the air when it comes to<br />

jewellery style and it seems the Australian market is<br />

leading the charge.<br />

According to The Knot, a digital wedding planning and<br />

registry service based in the US, diamonds remain the<br />

favourite selection for centre stones for 85 per cent of<br />

those surveyed.<br />

That was a decrease from the previous year and with<br />

lab-created diamonds doubling in popularity within one<br />

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Palexpo<br />

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22 - 25 JUNE <strong>2023</strong><br />

Hong Kong Convention &<br />

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Australian Opal<br />

Exhibition<br />

2 - 3 AUGUST <strong>2023</strong><br />

Southport Sharks<br />

Queensland, Australia<br />

Bangkok Gems<br />

& <strong>Jeweller</strong>y Fair<br />

6 - 9 SEPTEMBER <strong>2023</strong><br />

Queen Sirikit National<br />

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Tucson Gem &<br />

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8 - 11 FEBRUARY 2024<br />

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year, it’s fair to say there’s an appetite for change among<br />

consumers.<br />

The popularity of colour gemstones is more pronounced<br />

in Australia, according to research conducted by Ashley<br />

Portas of Brisbane’s Diamondport <strong>Jeweller</strong>s.<br />

Portas published the findings of a voluntary online 2022<br />

survey in September assessing the engagement ring<br />

market.<br />

The survey found that just 80 per cent of rings featured a<br />

diamond, a notable departure from the findings in the US.<br />

Whiting says that when it comes to engagement rings<br />

nearly half of all her sales are now colour gemstone<br />

engagement rings, as opposed to diamonds.<br />

"In many cultures green gemstones such<br />

as emerald, garnet, and tourmaline have been<br />

viewed as symbols of creativity and change."<br />

“Perhaps this is merely the type of customer we are<br />

attracting as we have a significant inventory of colour<br />

gemstones,” Whiting reveals.<br />

“However with that said, I would say that around 50<br />

per cent of our engagement ring sales are with colour<br />

gemstones.”<br />

That said, sapphire was the second most popular centre<br />

stone, while morganite was described as a ‘relative<br />

newcomer’ and appeared in 2 per cent of engagement rings.<br />

“In total, our survey recorded more than 50 different<br />

gemstones. This just goes to show there aren’t any rules<br />

when it comes to choosing the perfect engagement ring,”<br />

Portas says.<br />

“The great news is most people love their ring, with<br />

more than 80 per cent reporting they are happy or very<br />

happy with their engagement ring. This is true no matter<br />

62 | <strong>May</strong> <strong>2023</strong>


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<strong>May</strong> <strong>2023</strong> | 63<br />

@ Southport Sharks


The Colour Allure | FEATURE<br />

Cushla Whiting<br />

Cleopatra's Bling<br />

how much the engagement ring cost, or the cut of the<br />

gemstone.”<br />

Magical morganite<br />

Morganite has a fascinating origin story and few know<br />

it was named after legendary US financier and banker<br />

JP Morgan. Morgan was friends with George Kunz, who<br />

discovered Morganite in 1910.<br />

Kunz requested the gemstone be named after Morgan in<br />

honour of his monetary support of emerging sciences.<br />

Morganite was discovered in Madagascar, far from<br />

Melbourne where Olivia Cumming works as a jewellery<br />

designer and the director of Cleopatra’s Bling.<br />

She works closely with morganite in her designs, and says<br />

that she’s receiving an increasing number of requests for<br />

colour gemstone jewellery that will be used to mark an<br />

engagement.<br />

“We are making many engagement rings with sapphires,<br />

spinels, rubies and emeralds,” Cumming tells <strong>Jeweller</strong>.<br />

“The demand is there for diamonds; however, I think that<br />

people come to us for colour gemstone engagement rings<br />

because many couples want an unconventional ring for<br />

their wedding.<br />

“They don’t necessarily prescribe to the traditional<br />

institution of marriage and the expectations that go with it.”<br />

Indeed, attitudes towards marriage have changed<br />

significantly in recent years and so it should follow that<br />

common perspective on the jewellery which marks a union<br />

between two individuals would change too.<br />

According to a recent report from the Australian Bureau<br />

of Statistics, the crude marriage rate has fallen for a<br />

range of reasons.<br />

These include the increased workforce participation<br />

of women, the disconnection between marriage and<br />

childbearing, an increase of cohabitation, and quite<br />

generally – social change in perspective of marriage.<br />

QUICK REVIEW<br />

Gemstones Myths<br />

Amethyst<br />

Saint Valentine is said<br />

to have worn an amethyst<br />

ring carved into the image<br />

of Cupid.<br />

Aquamarine<br />

In Ancient Roman<br />

mythology it was believed<br />

that Neptune was the<br />

first to discover an<br />

aquamarine and that he<br />

valued them highly.<br />

Sapphire<br />

Contain traces of titanium,<br />

iron, and nickel, which<br />

provides them with a range<br />

of colours including blue,<br />

orange, black, green, yellow<br />

and pink.<br />

Topaz<br />

In many ancient civilisations<br />

topaz was treasured for<br />

its supposed healing<br />

properties. Some cultures<br />

believed topaz could grant<br />

wearers invisibility.<br />

Based in Switzerland, the House of Gübelin is described<br />

as a ‘unification’ of international artisans, specialists and<br />

experts in jewellery making, gemmology, and watchmaking.<br />

Raphael Gübelin says that colour gemstones such as<br />

sapphires offer a more personal, symbolic touch than a<br />

traditional diamond.<br />

“We see colour gemstones becoming more popular for<br />

engagement rings. Couples want to express their love and<br />

choose gemstones that are connected to them personally,”<br />

he tells the South China Morning Post.<br />

“Sapphires sparkle in all the colours of the rainbow.<br />

Especially rare are padparadscha sapphires with their<br />

characteristic orange-pink or pink-orange shades.<br />

Padparadscha sapphires combine two colours in one<br />

gemstone, which is also a very romantic symbol.”<br />

Opulent opals<br />

More now than ever, Australian consumers are willing to<br />

push the boundaries and explore new styles and designs<br />

when it comes to jewellery.<br />

Whether it be an enchanting emerald or a tempting<br />

tourmaline, colour gemstone jewellery offers retailers the<br />

chance to quench the modern consumer’s desire to stand<br />

out from the crowd.<br />

Better yet, many of the world’s finest gemstones are<br />

sourced from Australia, meaning that not only is supply<br />

readily available, there’s also the additional home-grown<br />

appeal for those looking to showcase a little civic pride.<br />

Colour gemstone jewellery also tends to reach consumers<br />

at a more appetising price point, which is another point to<br />

consider given the dominant commentary around the state<br />

of the international economy.<br />

Uniquely Australian, versatile and unique, while being<br />

sourced from ethical origins at a customer-friendly price<br />

– colour gemstone jewellery is one category few can<br />

afford to ignore.<br />

64 | <strong>May</strong> <strong>2023</strong>


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<strong>May</strong> <strong>2023</strong> | 65


BUSINESS<br />

Strategy<br />

Get real - customer service is<br />

not the same as selling!<br />

The noble art of retail selling is an area that is surprisingly often overlooked.<br />

BRIAN WALKER breaks down the elements that go into selling success.<br />

Even amongst those who should know<br />

better there’s an often-repeated<br />

falsehood – ‘anyone can sell’.<br />

Many retailers believe that every trained<br />

salesperson can engage the customer<br />

in a non-business approach, assess<br />

customer needs through questioning,<br />

retain vital information, and then<br />

skilfully introduce the right product to<br />

the customer through to a benefitsdriven<br />

pitch.<br />

Wait a minute! It gets better. Then this<br />

talented salesperson also effortlessly<br />

bundles the add-on to product that the<br />

customer simply must have.<br />

Elated, the customer leaves the store<br />

ready to share the tale of the experience<br />

with 20 other potential customers and<br />

turns them into ‘evangelists’ for that<br />

business.<br />

It’s important to remember that customer<br />

service is not the same as selling.<br />

Some sales staff don’t know how to<br />

sell very well, or at all. A smiling face,<br />

sunny disposition, and helpful manner<br />

are important; however, it doesn’t make<br />

these people profitable salespeople.<br />

The greatest asset that any salesperson<br />

can have is to be a strong active listener,<br />

confident with the right degree of<br />

humility and genuine interest in the<br />

customer.<br />

They should know their product and<br />

be enthusiastic when explaining its<br />

features and benefits.<br />

The correct sales training will go a long<br />

way to delivering these increases and<br />

help you stay fit and resilient in today’s<br />

uncertain and unpredictable market.<br />

Missed opportunity<br />

Over the years we’ve seen selling data<br />

from a large range of retailers, including<br />

more than 6,000 individual stores over<br />

the past two years and one area where<br />

opportunity is lost consistently is the<br />

add-on or up sell.<br />

Our research suggests that this<br />

opportunity may be lost by sales staff in<br />

as many as 50 per cent of encounters –<br />

this is just profit walking out the door.<br />

Once again, a strong sales strategy will<br />

never deliver if the investment in selling<br />

skills and performance framework is<br />

not in place.<br />

Between 70-80 per cent of purchases<br />

are done on impulse. These customers<br />

will buy that add-on with their product<br />

purchase - if only somebody would ask!<br />

So, this begs the question, are we selling<br />

more to the customers we have and are<br />

we measuring this by ‘items per sale’,<br />

‘average sale’, ‘conversion and gross<br />

sales’ by staff member?<br />

Did you know that the conversion ratio<br />

of shoppers-to-buyers in specialty retail<br />

only averages approximately 15 per<br />

cent?<br />

This means that 8.5 out of every 10<br />

people who walk through the typical<br />

store leave empty-handed!<br />

The greatest<br />

asset that a<br />

salesperson<br />

can have is<br />

to be a strong<br />

active listener,<br />

confident with<br />

the right degree<br />

of humility and<br />

genuine interest<br />

in the customer.<br />

Consider what the effect would be<br />

on your bottom line if transactions<br />

remained static while your average<br />

sale figures were increased by 10<br />

per cent, or if your conversion rate<br />

increased to 30 per cent and items per<br />

sale rose by even just one.<br />

Selling more to the customers you<br />

already have is a vital objective in<br />

today’s environment.<br />

Operationally ‘fit’ companies maximise<br />

sales conversions and therefore<br />

dollars without any capital investment<br />

or increase in overheads.<br />

What would it take to increase the<br />

‘suitability’ of your salespeople so<br />

they have the skills and motivation<br />

necessary to convert more shoppers<br />

into buyers?<br />

Fitness tips<br />

• Think, talk, and make sales: ‘Fit’<br />

businesses have an aligned culture and<br />

employees accept the importance of<br />

making sales.<br />

What do I mean by aligned? If the owner<br />

of the business and the manager are not<br />

discussing sales at every opportunity<br />

with each member of staff then it is<br />

unrealistic to expect that the other the<br />

staff will think, talk and make sales.<br />

Consider the following example<br />

-someone whose job it is to maintain<br />

a jewellery store’s cleanliness and<br />

inventory is approached by a customer<br />

with a question.<br />

66 | <strong>May</strong> <strong>2023</strong>


If that employee was focused solely<br />

on their responsibilities, it would be<br />

understandable for them to answer<br />

the question as quickly as possible and<br />

return to whatever task is at hand.<br />

When that same employee is ‘sales<br />

conscious’ however, extra care is taken<br />

to direct the customer to an employee<br />

tasked with securing a sale – ideally not<br />

only leaving the business with another<br />

sale secured, but also with another<br />

customer pleased with their experience.<br />

It’s important that everyone working<br />

within your store has a sales focus<br />

– even if their responsibilities don’t<br />

specifically involve sales, it should still<br />

be something on which the should be<br />

consistently conscious.<br />

• Keep everyone in the loop: The owner<br />

or manager should communicate the<br />

state of the store’s sales performance<br />

to all staff members regularly.<br />

This information should be relayed each<br />

quarter at a minimum.<br />

I recognised this with a client a few<br />

years ago and it has stayed in my mind<br />

as an effective way to speak of the<br />

importance of the sales effort and the<br />

joint teamwork required by everyone at<br />

every level to deliver sales increases.<br />

• Recruitment guidelines: Clear and<br />

standardised recruitment guidelines<br />

will help align your staff to a common<br />

goal and create a real ‘sales culture’ in<br />

your business.<br />

Examine the turnover rate, and consider<br />

the reasons when and why employees<br />

leave the business.<br />

Depending on the size of your operation<br />

you will see some common trends and,<br />

in many cases, inconsistent recruitment<br />

practices are a significant factor.<br />

Recruit from a base of clear, sales-aligned<br />

behavioural questions with the adage of<br />

‘recruit the will, teach the skill’ applying.<br />

More than 70 per cent of staff exit surveys<br />

we complete show that staff that initiate<br />

leaving do so because they did not feel<br />

‘engaged’ with the business.<br />

• Strong engagement starts with<br />

strong induction: Whether it be a buddy<br />

or mentor system, simply making sure<br />

the new staff member has a clear ‘go<br />

to’ person – who is not the boss – is a<br />

helpful step to inducting them to the<br />

sales focus of the business.<br />

Match your new employees with<br />

someone with whom they are<br />

comfortable asking questions and<br />

expressing their concerns, and who can<br />

communicate the importance of this<br />

sales-driven culture.<br />

• The secret ingredient: No business<br />

will succeed without motivated people.<br />

We all know that great people make<br />

great businesses. Ask workers whether<br />

they feel great working for their boss<br />

and you will get a very mixed response.<br />

Our research tells us that engaged,<br />

motivated staff deliver 20 per cent<br />

higher sales on average.<br />

Conversely, consider the damage the<br />

unmotivated team member can do.<br />

Brand damage by stealth can be<br />

detrimental so keep your staff happy<br />

with you and they will make you happy<br />

in return.<br />

Set clear performance standards<br />

and goals, provide coaching, training,<br />

feedback and offer reward systems for<br />

excellence.<br />

It should reach the stage where you will<br />

then not have to worry about making<br />

DEVELOPING<br />

A SALES<br />

CULTURE<br />

Knowledge<br />

Ensure that your<br />

staff has all the<br />

knowledge they<br />

require to sell any<br />

item in the store<br />

on the spot.<br />

Sales<br />

mindset<br />

Creating and<br />

securing sales<br />

should be the<br />

number one<br />

priority for<br />

everyone within<br />

the store – even<br />

when their<br />

responsibility<br />

doesn’t directly<br />

involve sales.<br />

Hire<br />

correctly<br />

When looking<br />

for new sales<br />

staff, pursue<br />

enthusiastic<br />

and motivated<br />

personalities.<br />

Strong<br />

inductions<br />

Help new<br />

employees get off<br />

to the right start<br />

by emphasising<br />

the business’<br />

cultural values as<br />

early as possible.<br />

sales or delivering great consistent<br />

customer service as it will happen as<br />

part of your winning culture!<br />

Food for thought<br />

Ask your managers and staff to<br />

anonymously nominate their top three<br />

goals in the business.<br />

If 100 per cent of your staff are not<br />

nominating sales as their number one<br />

goal it’s time to think about increasing<br />

your cultural alignment - think back to<br />

that conversion rate!<br />

Don’t be worried if you don’t get over<br />

70 per cent alignment as our research<br />

shows this is common.<br />

‘Fit’ businesses however will measure<br />

this regularly and always aim for 100<br />

per cent!<br />

Provide teams with knowledge for<br />

confidence.<br />

Are your salespeople fully confident in<br />

their product ranges and the features<br />

and benefits of the products they are<br />

selling?<br />

If the answer is not a resounding ‘yes’,<br />

work on further training in this field.<br />

Introduce new products and have your<br />

salespeople ‘sell’ them to their fellow<br />

team members at weekly team meetings.<br />

Be sure they know the features and<br />

benefits of all products, associated<br />

accessories, and add-ons to assist<br />

them to maximise conversion.<br />

Knowledge is key in making those<br />

additional sales!<br />

BRIAN WALKER is Retail Doctor<br />

Group’s founder and CEO. His<br />

background is in retail consultancy.<br />

Visit: retaildoctor.com.au<br />

<strong>May</strong> <strong>2023</strong> | 67


BUSINESS<br />

Selling<br />

Are you approaching customer<br />

feedback the right way?<br />

How much stock should we put into customer feedback? STEVEN VAN BELLEGHEM<br />

argues that the time has come to dig deeper into the feedback you receive from your customers.<br />

During my career as a business<br />

consultant and customer experience<br />

expert, I have worked closely with<br />

many people who believe that customer<br />

feedback is overrated.<br />

It’s common for these people to cite<br />

that hilarious quote from Henry Ford,<br />

the founder of the Ford Motor Company<br />

who once declared “if I had asked people<br />

what they wanted, they would have said<br />

faster horses.”<br />

The underlying idea is that consumers<br />

failed to anticipate that Ford would invent<br />

technology that would far surpass the<br />

value of a horse for transportation.<br />

However, the forward-thinking Ford was<br />

an innovator and he ‘knew better’ and<br />

therefore, many people believe that the<br />

lesson from this anecdote is that listening<br />

to feedback is a waste of time.<br />

I believe that these people are looking at<br />

feedback from customers the wrong way.<br />

Dig deeper!<br />

Feedback from your customers is not<br />

something that you need to take literally.<br />

The challenge with customer feedback is<br />

to understand what people really want and<br />

to understand what brings them value.<br />

Extracting value from customer feedback<br />

is not a task achieved by ‘micro-managing’<br />

or dissecting all the small details they<br />

present to you.<br />

Yes, there may be some good<br />

suggestions, and in that case, it’s<br />

wise to see how you could turn these<br />

into positive changes as well as new<br />

products and services for your store.<br />

However, you also need to remember that<br />

humans are complex and we are often<br />

strangely incompetent at voicing what we<br />

really want or need.<br />

This is because we often don’t know exactly<br />

know what it is that drives us.<br />

Writer Duncan Wardle brilliantly explained<br />

this concept with his example of the<br />

‘multiple why’ approach.<br />

Highlighting the way curious children<br />

often relentlessly ask ‘why’ when quizzing<br />

adults, Wardle says that in business we<br />

often fail to ‘dig deep enough’ with our<br />

questioning and that in that sense, there is<br />

something to be learned from children.<br />

He offered the example of a survey of<br />

people on why they went to Disneyland on<br />

holiday. Most tick a box stating ‘new rides<br />

and new attractions’.<br />

As a business, this may initially seems to<br />

be all the incentive you need to commit<br />

hundreds of millions of dollars to a capital<br />

investment strategy.<br />

However, if you act like a child and keep<br />

digging deeper with multiple whys, you<br />

discover that there are more complex<br />

emotional attractions at play.<br />

With further questioning, another common<br />

response to this survey is that a Disneyland<br />

holiday reminds adult visitors of childhood<br />

and that by taking their own children, they<br />

are ‘recreating’ happy memories.<br />

With this insight in mind, the idea of<br />

spending hundreds of millions of dollars<br />

on capital investment becomes less<br />

appealing!<br />

Instead, a cheaper marketing campaign<br />

focused on nostalgia can reinforce the<br />

strengths of the business more than<br />

merely ‘building new rides’ ever would.<br />

Prepare for change<br />

Artificial intelligence is changing the<br />

business landscape and in these times,<br />

I believe it’s crucial that we maintain our<br />

childlike curiosity and creativity, which is<br />

The challenge<br />

with customer<br />

feedback is to<br />

understand<br />

what people<br />

really want and<br />

to understand<br />

what brings<br />

them value.<br />

Extracting value<br />

from customer<br />

feedback is not<br />

a task achieved<br />

by ‘micromanaging’<br />

or<br />

dissecting all the<br />

small details they<br />

present to you.<br />

something that machines won’t be able to<br />

do in a very long time.<br />

In the case of Ford’s example, people did<br />

not actually desire ‘faster horses’. They<br />

wanted to move faster from location to<br />

location, that was the underlying need.<br />

Likewise with the example of Wardle<br />

and Disneyland. Customers may<br />

suggest that they are attracted to the<br />

venue for one reason, when there’s<br />

another more powerful (and valuable)<br />

truth beneath the surface.<br />

The customer should not be expected to<br />

create or offer a solution to that need -<br />

that is the responsibility of the business.<br />

It is up to you to figure out a way how you<br />

can deliver that value to the customers of<br />

your jewellery business.<br />

With that said, it is my belief that you<br />

do indeed need customer feedback;<br />

however, you need to improve the way you<br />

translate this feedback into effective and<br />

actionable information.<br />

Academic Clayton Christensen, made<br />

famous for his theory of disruptive<br />

innovation, called this concept of a hidden<br />

desire to be ‘the job to be done’ for all<br />

business owners.<br />

It’s true that the time has come to<br />

move on from the ‘myth’ of customer<br />

feedback being the be-all and end-all;<br />

however, that only applies to surfacelevel<br />

critiques.<br />

By digging deeper and asking more<br />

questions – searching for the ‘why’<br />

beneath the ‘what’ you will uncover the<br />

answers you need to make profound<br />

improvements to your jewellery<br />

business.<br />

STEVEN VAN BELLEGHEM is a<br />

business consultant and keynote speaker,<br />

specialising in customer experience and<br />

the future of marketing.<br />

Visit: stevenvanbelleghem.com<br />

68 | <strong>May</strong> <strong>2023</strong>


BUSINESS<br />

Management<br />

How do you turn around a dysfunctional staff?<br />

Dealing with a poorly performing staff is a problem all business owners and managers<br />

must deal with at some stage. PAUL KEIJZER offers some advice for those facing this dilemma.<br />

Working with the staff of a jewellery<br />

store means learning to deal with the ups<br />

and downs of business.<br />

of business performance and help both the<br />

employee and manager understand and<br />

appreciate the other.<br />

As a business owner or manager finding<br />

the solution to any woes faced by an<br />

otherwise high-performing staff is your<br />

responsibility.<br />

If you find yourself facing a roadblock,<br />

consider reflecting on the following tips<br />

that can help you with what you need to<br />

turn around your dysfunctional staff.<br />

Clean house<br />

Accountability<br />

• Hold individuals accountable: If a staff<br />

member is not pulling their weight, as the<br />

manager or owner, you have to call them<br />

on that.<br />

Approach the matter with honesty and<br />

discretion, getting your point across as<br />

suggestive and constructive instead of<br />

feeling like you are accusing anyone.<br />

• Rid your team of the non-performers:<br />

This is rarely an easy process, but it must<br />

be done.<br />

You will save yourself time and goodwill<br />

with your staff if you immediately get rid of<br />

those within the business that do not add<br />

any benefits.<br />

you want and need to be done, interact and<br />

ask them in a way that will make them feel<br />

like they came up with the idea.<br />

Keeping members of staff actively involved<br />

in decision-making helps motivate them to<br />

work harder.<br />

It’s important to understand that the<br />

employees who are pulling their weight<br />

will appreciate you for taking control of<br />

the matter.<br />

• Give your staff recognition and small<br />

rewards: Every member of your business<br />

wants to be appreciated for their hard work.<br />

You will soon notice a shift in energy<br />

and a change in the way your business<br />

comes together.<br />

• Be generous with praise: Praise is<br />

something everyone wants and fortunately<br />

it’s one of the easiest things to give.<br />

Recognising their efforts and rewarding<br />

them will keep them motivated. These<br />

gestures can be small and effective.<br />

• Fill your team with capable people with<br />

the right attitude: Businesses only work<br />

well when everyone feels they are working<br />

as one system and not being slowed down<br />

by others.<br />

Make sure you hire those individuals<br />

that have attention to detail and most<br />

importantly always follow through on<br />

tasks.<br />

• Be clear of your vision and what needs<br />

to be done to achieve it: As business<br />

owner or manager, you need to have a clear<br />

picture of what your vision is and of the<br />

means needed to accomplish it.<br />

Your vision should have milestones so that<br />

your staff can keep track of their progress<br />

in relation to the overall goal. Don’t leave<br />

them wondering, let them be clear on what<br />

needs to be done.<br />

Think big<br />

• Make your ideas theirs: People hate<br />

being told what to do, so keep that in mind<br />

when speaking with your staff.<br />

Instead of instructing your staff on what<br />

A simple “thank you” or “good job” can go<br />

a lot farther than you might think. Praise<br />

improvements that you see your staff<br />

make and let them know their hard work<br />

does not go unnoticed.<br />

• Schedule regular ‘face time’ with your<br />

staff: If you maintain the notion of an<br />

‘open door policy’ then stick to your word.<br />

The strongest managers and owners<br />

that are able to maintain the best staff<br />

understand the importance of ‘checking<br />

in’ and keeping an open dialogue and<br />

communication with every member of<br />

the team.<br />

If it doesn’t happen, then the employees<br />

within the business can start to gradually<br />

drift apart.<br />

• Conduct your performance reviews<br />

to be most effective: Performance<br />

reviews are an extremely effective way to<br />

communicate with employees and get a<br />

sense of where they feel they stand within<br />

your business.<br />

Performance reviews are huge predictors<br />

Your vision<br />

should have<br />

milestones so<br />

that your staff<br />

can keep track<br />

of their progress<br />

in relation to<br />

the overall<br />

goal. Don’t<br />

leave them<br />

wondering, let<br />

them be clear<br />

on what needs<br />

to be done.<br />

For example, give a ‘shout out’ to someone<br />

during a business meeting for what he or<br />

she has accomplished that week.<br />

Consider running internal office contests<br />

or games or even try rewards such as<br />

trophies, certificates, and plaques.<br />

• Share the ups and downs: When<br />

your business or staff does well, it’s<br />

time to celebrate.<br />

This is a great way to let everyone know<br />

that you’re thankful for his or her hard<br />

work. If there are disappointments,<br />

share those too.<br />

If you expect high performance, your<br />

staff deserves to know where the<br />

business stands.<br />

With all of the above, remember that<br />

the most important factor is to always<br />

be honest.<br />

PAUL KEIJZER is CEO of Engage<br />

Consulting, which is focused on<br />

helping CEOs transform top teams,<br />

talent and organisations. Learn more:<br />

engageconsulting.biz<br />

<strong>May</strong> <strong>2023</strong> | 69


BUSINESS<br />

Marketing & PR<br />

Finding a way to deliver something different<br />

It’s difficult to stand out as a business in a crowded market.<br />

DAVE WAKEMAN offers wisdom on successfully positioning your business with marketing.<br />

I was looking at gift guides recently and<br />

noticed that so many ads look the same.<br />

They all featured offers that were price<br />

driven and the lack of distinctiveness<br />

was striking.<br />

The sheer number of options from which<br />

people must choose got me thinking<br />

about competition in retail. How can any<br />

of us compete?<br />

Most of us face one of the following three<br />

challenges when it comes to sales - ads<br />

that look too similar to the rest of the<br />

market, pricing promotions that cut<br />

margins, and a crowded market with<br />

so many options that standing out feels<br />

impossible.<br />

This is where relative differentiation comes<br />

in. Relative differentiation is simple; it’s the<br />

idea that your business can deliver value<br />

to your customers in a way that is different<br />

than the alternative.<br />

Your marketing makes promises to your<br />

customers all the time, even when you don’t<br />

realise it. It might suggest you offer the best<br />

service, the best selection, or perhaps the<br />

lowest prices.<br />

Ask yourself, why do any of these things<br />

matter? Are they valuable? Are they<br />

important to your potential customers?<br />

Is this something you do better than your<br />

competition?<br />

Relative differentiation<br />

Relative differentiation explains your<br />

value to your customers in a very specific<br />

way using three easy to remember Cs:<br />

customers, company, and competition.<br />

Think of it in question form: What do our<br />

customers want that we can deliver better<br />

than our competition? The Northern<br />

Territory does this in its campaigns to get<br />

people to travel: “The Top End. Different<br />

From the Bottom End.”<br />

That’s relative differentiation. We are the<br />

north, not the south. The Northern Territory<br />

can offer a unique experience that the south<br />

of Australia can’t.<br />

Relative differentiation is positioning. Your<br />

position is the promise you make to your<br />

market about factors that you think you<br />

can win on.<br />

What does your customer want that you<br />

can deliver better than the competition?<br />

Examine the position Abercrombie &<br />

Kent adopts as a travel company that<br />

combines ‘comfort and authenticity’ in the<br />

most desirable locations. Why does this<br />

matter? Most of us want to be able to relax<br />

on holiday. Many people I meet want to go<br />

‘where the locals go.’<br />

Abercrombie & Kent makes the promise<br />

that it can fulfil this desire. How?<br />

The business offers holidays that are<br />

comfortable and authentic and its been<br />

doing it since 1962. These ads tell the<br />

audience what Abercrombie & Kent will do<br />

while using its experience to put distance<br />

between itself and the competition. The<br />

implication is that the competition lacks<br />

the experience to deliver. That’s a position<br />

that a business can compete on.<br />

Follow through<br />

The idea comes alive when you<br />

communicate it consistently to the<br />

right people.How do you do this? Bennett<br />

Winch, a UK leather goods company, does<br />

it by being specific in their targeting.<br />

Focus on the right customers. Bennett<br />

Winch sells $AU1600 duffel bags.<br />

The tagline says the products have<br />

Combine media<br />

as often as you<br />

can because<br />

it will give<br />

your store the<br />

impression<br />

of scale,<br />

underlining the<br />

difference you<br />

are building on.<br />

“the capacity for adventure.” By design<br />

these bags aren’t for everyone. They<br />

are specifically for men that want to feel<br />

adventurous but have the money to spend<br />

on a high-quality leather bag.Mercedes<br />

Benz is another company that is great at<br />

this. “The best or nothing” says it all.<br />

“Compared to us, everyone else is rubbish.”<br />

Mercedes Benz stands up as the best.<br />

That’s a strong position and this idea<br />

sticks because the company has used it<br />

consistently for years.<br />

Prospects need to hear your message<br />

multiple times before it breaks through. Use<br />

your point of differentiation with emphasis<br />

in each area of your marketing. Combine<br />

media as often as you can because it will<br />

give your store the impression of scale,<br />

underlining the difference you are building<br />

on.<br />

Summary<br />

You can put this to work in your business<br />

with three steps.<br />

First remember the importance of<br />

knowing your market. Focus on what<br />

matters to your customers. Look at the<br />

example of Abercrombie & Kent. The<br />

business is offering comfortable and<br />

authentic vacations to a market that<br />

wants that.<br />

Ask yourself important questions, such as<br />

what does your customer want that you can<br />

deliver better than your competition? Look<br />

at the example of the Northern Territory’s<br />

tourism campaign. The promise is to offer<br />

an adventure in the north that you can’t get<br />

in the south.<br />

Finally, share the message far and wide.<br />

You can’t overdo this. Lack of awareness is<br />

the most significant danger so use multiple<br />

forms of media. Find ways to get your<br />

message everywhere.<br />

DAVE WAKEMAN is a consultant, writer,<br />

and teacher who believes in profits in<br />

business and not promises. Learn more:<br />

www.davewakeman.com<br />

70 | <strong>May</strong> <strong>2023</strong>


BUSINESS<br />

Logged On<br />

Digital marketing mistakes alive and well in <strong>2023</strong><br />

Digital marketing has been around for more than 25 years.<br />

THOMAS YOUNG cautions against some common mistakes.<br />

Many businesses have maximised their<br />

digital results and benefited greatly from<br />

online marketing.<br />

However, it amazes me how many<br />

businesses continue to make major errors<br />

in the digital marketing as they attempt to<br />

improve their market position.<br />

The need for digital marketing expertise<br />

is going to ramp up in the coming months<br />

with a possible economic slowdown<br />

ahead. There is tremendous value to your<br />

business in getting your digital marketing<br />

strategy correct.<br />

Consider the following common and costly<br />

digital marketing mistakes and take steps<br />

to avoid them.<br />

Business first, customers second<br />

Your digital content, website design, and<br />

user interfaces must meet customer needs<br />

first and foremost.<br />

Too often this work is done to please people<br />

at the business rather than prospective<br />

customers. Your prospective customer is<br />

the hero in your marketing story, not your<br />

business or store.<br />

This strategy is best communicated by<br />

creating digital content that adds value to<br />

your potential and existing customers as<br />

opposed to content about your business.<br />

You must get outside your own head and<br />

into the head of your prospective customer.<br />

This is hard to do because many marketers<br />

are too close to their business.<br />

The best digital marketers get inside the<br />

head of their prospective customers and it<br />

shows in their digital content and design.<br />

This is most evident in the design and<br />

content seen on the homepage of their<br />

website.<br />

This is the starting point because your<br />

homepage is usually the most popular and<br />

most visited page.<br />

Create content for your website homepage<br />

that talks directly to customers about the<br />

value they get from your store and your<br />

jewellery, rather than espousing tales of the<br />

mere greatness of your business.<br />

Hiring the wrong specialist<br />

Digital marketing continues to be the wild<br />

west of jobs and careers.<br />

Take search engine optimisation<br />

(SEO) for example. Anyone can get<br />

SEO work just by claiming to be a SEO<br />

consultant. There is no formal training<br />

or certifications required and results<br />

are difficult to measure. Additionally,<br />

many digital marketers claim to be good<br />

at many things. They can run your email<br />

marketing, manage your social media,<br />

write content, and manage your design.<br />

They say that a ‘jack of all trades is a<br />

master of none’. The best results come<br />

when you work with digital marketing<br />

specialists in each area all pursuing<br />

one common overarching goal. These<br />

problems are greatly reduced when the<br />

leadership of a business has a general<br />

understanding of the various different<br />

roles played by specialists concerning<br />

digital marketing – so take the time to<br />

learn.<br />

Failure to understand KPIs<br />

Digital marketing data points are key<br />

performance indicators (KPIs) for<br />

your business.<br />

For example, website traffic can be<br />

a leading indicator of revenue and<br />

development. Increased traffic and<br />

website page views generally mean<br />

revenue increases. Conversely, traffic<br />

decline is not a good sign of future<br />

improvement.<br />

You must get<br />

outside your<br />

own head<br />

and into the<br />

head of your<br />

prospective<br />

customer. This<br />

is hard to do<br />

because many<br />

marketers are<br />

so close to their<br />

business..<br />

For many storeowners, simply seeing this<br />

type of data and asking your staff questions<br />

will move people towards actions that will<br />

improve your company. This can’t happen<br />

if you are not reviewing the data and don’t<br />

know how to separate the most important<br />

data points for your business.<br />

A digital scorecard to measure website<br />

traffic, leads and sales is powerful and,<br />

sadly, is a missing part of many online<br />

marketing efforts. Compile digital statistics<br />

monthly and learn how to relate them to<br />

your goals.<br />

Cultural failing<br />

I’m sure you’ll agree when I say that<br />

the way your business thinks about<br />

marketing impacts your results. It bleeds<br />

into the culture of your store and those<br />

tasked with marketing.<br />

If you still hold ‘old-school’ beliefs and feel<br />

that you can find customers when you want<br />

them then you are in for major sales and<br />

marketing headaches.<br />

Your business must embrace the current<br />

reality that you don’t find customers,<br />

customers find you! Make this a cultural<br />

change throughout your business and<br />

remind your staff that the goal is to be found<br />

in people’s online research and to motivate<br />

them to reach out for more.<br />

It is hard to believe these mistakes are still<br />

happening 25 years into digital marketing.<br />

Two core issues drive these mistakes. The<br />

first is a lack of a clear understanding of<br />

what prospective customers want from your<br />

digital content before they buy. The second<br />

is a lack of time spent understanding digital<br />

marketing essentials, which is needed to<br />

build an effective team.<br />

Set goals to deal with the two core issues<br />

and remove these five mistakes from your<br />

marketing efforts.<br />

THOMAS YOUNG is CEO of Intuitive<br />

Websites. He has more than 25 years’<br />

marketing and sales experience. Visit:<br />

intuitivewebsites.com<br />

<strong>May</strong> <strong>2023</strong> | 71


My Bench<br />

Ash Bright<br />

Soklich & Co. <strong>Jeweller</strong>s Perth, WA<br />

• YEARS IN TRADE 17 • LOVE JEWELLERY BECAUSE Nothing is static, there is always more to learn and always more ways to express true art.<br />

SIGNATURE PIECE<br />

A handmade pearl and diamond double bee ring, set<br />

with 76 round brilliant cut white diamonds, and a South<br />

Sea white pearl, made in 18-carat white gold. This ring<br />

has a detachable pendant, with chain, which makes a<br />

special transformation to any wardrobe.<br />

4FAVOURITE GEMSTONE Ceylon sapphire/<br />

London blue.<br />

4FAVOURITE METAL 18-carat yellow gold.<br />

4FAVOURITE TOOL Hammer.<br />

4BEST NEW TOOL DISCOVERY Micro ceramic<br />

cylinder grinder.<br />

4BEST PART OF THE JOB Joy of creation.<br />

4WORST PART OF THE JOB Time constraints.<br />

So much to do, so little time! This is why it's<br />

very important you always plan your projects<br />

thoroughly.<br />

4BEST TIP FROM A JEWELLER Start with the<br />

gemstones when designing an item. From there,<br />

the process will unfold much easier.<br />

4BEST TIP TO A JEWELLER Plan your piece<br />

each time. As I mentioned earlier, it's important<br />

to think ahead before you begin. 'Just winging it'<br />

doesn't work when creating beautiful jewellery.<br />

72 | <strong>May</strong> <strong>2023</strong>


OPINION<br />

Soapbox<br />

Visions of a jewellery industry that<br />

bears no human or environmental toll<br />

Among the most talked about topics today in the gemstone and jewellery industry<br />

are ethics and sustainability. BARBARA WHEAT discusses some of the challenges<br />

involved in improving the level of responsible practice within such a diverse trade.<br />

“The only constant in life is change,”<br />

mused Greek philosopher Heraclitus of<br />

Ephesus around 500 BC.<br />

These words are just as true today as they<br />

were in his time and yet, we might also add<br />

that the fear of change is also a constant.<br />

It is human nature for people to do things<br />

the way they have always been done and<br />

to maintain a routine in their practices -<br />

even when change becomes necessary.<br />

With that said, in our lives change is<br />

happening, even if only in small steps.<br />

The jewellery and gemstone industry is no<br />

exception to this and fortunately enthusiasm<br />

for improved standards is beginning to<br />

increase. This evolution can be seen in<br />

examples from the past few decades.<br />

For instance, the intention of the Kimberley<br />

Process in 2003 was to bring positive change<br />

to the diamond industry, however; today,<br />

some producer nations are now demanding<br />

that rough gemstones be cut in-country to<br />

further help local populations.<br />

Other initiatives are being undertaken<br />

with varying degrees of success and<br />

acceptance such as the bid to eliminate<br />

mercury in gold mining. Others are<br />

aimed at creating sustainable supply<br />

chains, including responsible sourcing<br />

and production practices for gems and<br />

jewellery around the world.<br />

Bumps in the road<br />

There is no doubt that ‘ethical practices’<br />

are heavily discussed today; however, not<br />

everyone agrees when it comes to what it<br />

means to be ‘responsible’.<br />

There are similar disagreements on ideas<br />

such as the sourcing of materials and the<br />

importance of supply-chain partners holding<br />

a shared vision when it comes to ethics.<br />

While the hearts of some consumers<br />

are in the right place, when it comes to<br />

purchasing responsibly-sourced gold, for<br />

example, the price tag can be off-putting.<br />

The same can often be said for colour<br />

gemstones and diamonds. I recently<br />

spoke with Kyle Abraham Bi, general<br />

manager of US-based Reflective Jewelry,<br />

who told me that the an important issue<br />

holding the industry back when it comes<br />

to improved practices is a ‘laser-focus’<br />

on the bottom line.<br />

“One of the biggest challenges is finding<br />

like-minded partners who are willing to<br />

play ball,” he told me.<br />

He explained that most refiners and<br />

suppliers are not willing to work with<br />

Fairtrade Gold because of the additional<br />

tracking it entails. Other supply houses<br />

and refiners that are willing to work with<br />

this material mark it up considerably.<br />

Certified gold from small-scale sources<br />

should cost a bit more, but there are<br />

questions about who profits from markups.<br />

On the other hand, he stresses,<br />

businesses can and should be used as<br />

an unrivalled force for good.<br />

Trial and error<br />

Saskia Shutt is a designer from Belgium<br />

and works with Ethical Metalsmiths<br />

as a mentor. She recently made an<br />

observation that I found disconcerting.<br />

Shutt said that it’s common for many of<br />

the jewellers she works with to suggest<br />

that widespread positive changes within<br />

the sector are simply not possible.<br />

“Many jewellers are disconnected from the<br />

raw material side of the industry. They just<br />

purchase precious metals, gemstones, and<br />

diamonds from wholesalers and don’t ask<br />

questions,” she explained.<br />

However having said that she has<br />

noticed that over the past 10 years, an<br />

increasing number of people are inclined<br />

to support bespoke, locally, responsibly,<br />

and sustainably made products.<br />

I would say that this suggests the<br />

naysayers are wrong to disparage the<br />

concept of widespread trade – perhaps<br />

it’s just going to be a longer process<br />

than they are anticipating.<br />

I spoke with another Ethical Metalsmiths<br />

member, Christine Fail of Fail Jewelry,<br />

and asked her what the biggest<br />

challenges she encounters when<br />

attempting to trade ‘responsibly.’<br />

It’s important to<br />

provide education<br />

that helps not only<br />

the consumers but<br />

also everyone else<br />

along the intricate<br />

and fascinating<br />

supply chain.<br />

She said it was a matter of ‘trial and<br />

error’ and that any business that is<br />

passionate about pursuing sustainable<br />

and ethical practices would need to deal<br />

with a few headaches. For example,<br />

finding suppliers working with Fairmined<br />

Gold is a challenge in the US – even for<br />

simple things such as spring clasps and<br />

earring posts.<br />

When it comes to gemstones, it can be<br />

difficult to find businesses willing to<br />

document their processes. They might<br />

be selling gemstones mined in the US;<br />

however, if the gemstones are sent to<br />

China or India for cutting and polishing,<br />

there may be no background information<br />

on those facilities made available.<br />

Importance of education<br />

During our conversation, Shutt also cited<br />

an example of a jeweller who was with<br />

her on a Fairmined Gold trip to Peru.<br />

She was so impressed with the ethical<br />

sourcing that she began using only<br />

Fairmined Gold in her creations.<br />

Unfortunately, she also saw a drop in<br />

sales as she had to charge more for the<br />

gold. At the end of the day, her customers<br />

were not willing to bear the cost.<br />

So, as is often the case in changes that<br />

occur in any industry, it comes down to<br />

educating the consumer.<br />

In the jewellery sector, it is important<br />

to showcase the journey of a gemstone<br />

through the supply and production chain,<br />

and wherever possible to amplify the<br />

voices in the local mining and cutting<br />

communities to benefit everyone.<br />

There are going to be a few hurdles along<br />

the way; however, we all must work<br />

towards a more sustainable future for<br />

our industry – in whatever way we can,<br />

large or small.<br />

Name: Barbara Wheat<br />

Business: Ethical Metalsmiths<br />

Position: Executive director<br />

Location: Florida, US<br />

Years in the industry: 29<br />

74 | <strong>May</strong> <strong>2023</strong>


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