Jeweller - August 2024
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DESIGN<br />
Program Name: Timex 170 In-Store<br />
Regions:<br />
File Name: 5295_TX_MR_24_170-Instore_Window-sticker-large_MECH<br />
Designer:<br />
Trim Size: 15 in. x 12.2661 in.<br />
Colors used:<br />
4-Color Process<br />
PROJECT NUMBERS<br />
Part Number:<br />
Replaces Part Number:<br />
Dieline Number:<br />
CSR Number: N/A<br />
Design Notes:<br />
PRODUCTION<br />
Release to Production Date:<br />
Mech Release Date: April <strong>2024</strong><br />
Vendor/Contact:<br />
Mech Name: 5295_TX_MR_24_170-Instore_Window-sticker-large_MECH<br />
Production Size: 15 in. x 12.2661 in.<br />
File Format: CC2023<br />
Production Designer:<br />
VOICE OF THE AUSTRALIAN JEWELLERY INDUSTRY AUGUST <strong>2024</strong><br />
Shining Stars<br />
DOES CELEBRITY ENDORSEMENT<br />
IMPACT WATCH SALES?<br />
Show & Tell<br />
DISCOVER THE LATEST PRODUCTS<br />
AHEAD OF THE SYDNEY FAIR<br />
Hall of Fame<br />
LEARN ABOUT THE WORLD'S<br />
MOST FAMOUS DIAMONDS
Helping you shine<br />
yesterday, today<br />
& tomorrow.<br />
Proudly serving the Australian & New Zealand<br />
jewellery industry for 28 years<br />
worldshiner.com
Sapphire Dreams was born out of a deep admiration for the<br />
natural beauty of Australian sapphires, celebrating exceptional<br />
workmanship and contemporary jewellery designs. Each collection<br />
showcases a unique array of jewellery pieces, crafted in 9ct or 18ct<br />
gold, adorned with Australian sapphires in a myriad of vibrant<br />
colours. As a tribute to first-class craftsmanship, every piece of<br />
jewellery is a distinct work of art, with Australian Sapphires the<br />
perfect centrepiece for these beautiful designs.<br />
Become a stockist today<br />
02 9290 2199 SapphireDreams.com.au
Pink Kimberley showcases luxurious Argyle pink diamonds in elegant, unique designs. All Pink<br />
Kimberley jewellery is crafted in 18 carat gold, embellished with rare, sparkling Australian pink<br />
and white diamonds. Each individual stone has been carefully chosen and intricately arranged in<br />
an expression of creativity, influenced by Australian nature and landscapes.<br />
PinkKimberley.com.au<br />
Become a stockist today 02 9290 2199
THE<br />
GOLDEN<br />
SERIES<br />
To schedule an appointment, please contact us:<br />
L. J. WEST DIAMONDS INC. | 589 5th Ave, Suite 1102 | New York, NY 10017, U.S.A. | T +1 212 997 0940<br />
L. J. WEST AU PTY LTD | Level 9, 225 St Georges Terrace | Perth, WA 6000, Australia | T +61 40 997 6981<br />
THE<br />
GOLDEN<br />
Info@LJWestDiamonds.com | www.LJWestDiamonds.com | www.ScottWestDiamonds.com
DOES CELEBRITY ENDORSEMENT<br />
IMPACT WATCH SALES?<br />
VOICE OF THE AUSTRALIAN JEWELLERY INDUSTRY AUGUST <strong>2024</strong><br />
DISCOVER THE LATEST PRODUCTS<br />
AHEAD OF THE SYDNEY FAIR<br />
LEARN ABOUT THE WORLD'S<br />
MOST FAMOUS DIAMONDS<br />
DESIGN<br />
Program Name: Timex 170 In-Store<br />
Regions:<br />
File Name: 5295_TX_MR_24_170-Instore_Window-sticker-large_MECH<br />
Designer:<br />
Trim Size: 15 in. x 12.2661 in.<br />
Colors used:<br />
4-Color Process<br />
PROJECT NUMBERS<br />
Part Number:<br />
Replaces Part Number:<br />
Dieline Number:<br />
CSR Number: N/A<br />
Design Notes:<br />
PRODUCTION<br />
Release to Production Date:<br />
Mech Release Date: April <strong>2024</strong><br />
Vendor/Contact:<br />
Mech Name: 5295_TX_MR_24_170-Instore_Window-sticker-large_MECH<br />
Production Size: 15 in. x 12.2661 in.<br />
File Format: CC2023<br />
Production Designer:<br />
AUGUST <strong>2024</strong><br />
Contents<br />
This Month<br />
Industry Facets<br />
11 Editorial<br />
12 Upfront<br />
14 News<br />
28<br />
31<br />
110<br />
10 YEARS AGO<br />
Time Machine: <strong>August</strong> 2014<br />
LEARN ABOUT GEMS<br />
Game-changing Gemmologists: XII<br />
MY BENCH<br />
Tammy Keers<br />
32 ANNIVERSARY CELEBRATION<br />
Identity evolution<br />
Discover the fascinating history of Timex, a<br />
watch brand with more than 170 years of heritage.<br />
59 Show & Tell<br />
112<br />
Features<br />
32<br />
35<br />
WATCHMAKING LEGACY<br />
Reflecting on 170 years of Timex<br />
INVESTIGATING INFLUENCE<br />
SOAPBOX<br />
Stefanie Wernekinck<br />
How much impact does star power have on watch sales?<br />
47<br />
53<br />
56<br />
59<br />
94<br />
WORLD FAMOUS DIAMONDS<br />
Legendary stones up-close and personal<br />
ROMANCING THE STONE CUTTERS<br />
The evolution of diamond cutting across history<br />
BRANDED JEWELLERY REVOLUTION<br />
Thomas Sabo celebrates special anniversary<br />
SHOW & TELL<br />
The newest products ahead of the Sydney Fair<br />
MODERN VALUES MEETS TRADITION<br />
What did we learn from Hong Kong?<br />
59 SHOW & TELL<br />
It's nearly showtime!<br />
Learn about the latest new products available<br />
ahead of the International <strong>Jeweller</strong>y Fair.<br />
99<br />
Better Your Business<br />
104<br />
106<br />
BLUE CHEESE & BLUE SAPPHIRES<br />
Discover an extraordinary community in France<br />
BUSINESS STRATEGY<br />
DAVID BROWN discusses the power of psychology.<br />
SELLING<br />
ALEX FETANAT outlines the importance of email marketing.<br />
107<br />
108<br />
109<br />
MANAGEMENT<br />
SHEP HYKEN makes difficult tasks seem easy.<br />
MARKETING & PR<br />
RICH KIZER AND GEORGANNE BENDER continues the makeover.<br />
LOGGED ON<br />
JEANNIE WALTERS details the impact of Artificial Intelligence.<br />
47 UP CLOSE & PERSONAL<br />
World's Most<br />
Famous Diamonds<br />
Learn about the rich history behind the world's<br />
most famous diamonds, and get face-to-face with<br />
the most accurate recreations of the stones that<br />
rocked the world.<br />
FRONT COVER<br />
In 1854, TIMEX combined European<br />
clockmaking and American ingenuity to take<br />
clocks from the living room mantels of the<br />
one per cent and introduce them to the world.<br />
Fast-forward to today and TIMEX continues<br />
to innovate to deliver high-quality, accessible<br />
timepieces for everyday consumers. Learn more:<br />
designaaccessories.com.au/brands/timex/<br />
Shining Stars<br />
Show & Tell<br />
Hall of Fame<br />
<strong>August</strong> <strong>2024</strong> | 9
EXCLUSIVELY DISTRIBUTED IN AUSTRALIA AND NEW ZEALAND BY<br />
AU +61 2 8543 4600 NZ +64 9 480 2211 | designaaccessories.com.au<br />
(03) 9663 2321<br />
INFO@ATHAN.COM.AU<br />
WWW.ATHAN.COM.AU<br />
602/220 COLLINS ST, MELBOURNE VIC 3000
Editor’s Desk<br />
Dark art of language: How words cast spells of deception<br />
The magic of the tongue is the most dangerous of all spells.<br />
SAMUEL ORD discusses the deceptive influence of language in the jewellery industry.<br />
For those hoping to mislead or deceive<br />
consumers, language is a formidable<br />
weapon not dissimilar to a magic spell<br />
or incantation.<br />
Have you ever noticed that all the qualities<br />
we attribute to magic equally apply to<br />
language? They both possess the ability<br />
to reshape our perception of reality.<br />
Language converts thoughts into words,<br />
facilitating communication and the<br />
exchange of ideas.<br />
Similarly, magic transforms ordinary<br />
objects and situations into extraordinary<br />
things, challenging our perception of<br />
what is real and what is not.<br />
In books and films, nefarious wizards<br />
and witches speak words that animate<br />
the dead or transform people into animals.<br />
In our world, cunning marketing campaigns<br />
use and abuse language to mislead and<br />
deceive consumers.<br />
If you haven’t noticed by now, language is<br />
an important topic at <strong>Jeweller</strong>. Adhering to<br />
strict definitions establishes a framework<br />
for accuracy in any discussion. Studying<br />
language might be tedious for many;<br />
however, it can uncover hidden truths<br />
and reveal deception.<br />
A few months ago, I had an interesting<br />
conversation with an industry member<br />
who had something he wanted to get<br />
off his chest.<br />
He detests the term ‘recycled gold.’<br />
I asked him why, and he explained the<br />
many issues with the term.<br />
Given the importance of language in the<br />
jewellery industry, I was surprised to<br />
learn that no standard definition exists.<br />
I was reminded of this conversation when<br />
a major US jewellery retailer recently<br />
announced that it would no longer use the<br />
term ‘recycled gold’ in relation to<br />
gold jewellery.<br />
A spokesperson for the retailer said that<br />
the term had too many issues.<br />
In particular, the word ‘recycled’ should only<br />
refer to products intentionally diverted from<br />
a waste stream.<br />
The logic behind the decision is easy to<br />
follow; gold is never wasted!<br />
It is one of the most valuable materials on<br />
the planet and is a store of value. The fact<br />
that great lengths are taken to salvage gold<br />
should be evidence enough that it can’t<br />
rightfully be referred to as ‘waste’.<br />
According to the World Gold Council,<br />
recycled gold accounted for around<br />
30 per cent of total supply over the<br />
past 20 years – the vast majority of<br />
which supposedly comes from jewellery.<br />
The issue becomes even more complicated<br />
when you consider the purpose of recycling.<br />
The general idea is to decrease demand for<br />
materials, which, in turn, reduces their use<br />
in production. This leads to a decline in the<br />
environmental impact of production.<br />
Does this description match the practice of<br />
recycling gold? Absolutely not!<br />
To the best of my knowledge, attempts<br />
to ‘recycle’ gold have had no discernible<br />
impact on the high demand for gold,<br />
which continues to rise because of its<br />
immense value.<br />
The practice of ‘recycling’ scrapped gold<br />
jewellery also involves using toxic chemicals<br />
in refining, just as they are used when ‘new’<br />
gold is created.<br />
I'm not suggesting there's anything innately<br />
wrong with recycled gold. It serves an<br />
important purpose.<br />
With that said, if the term ‘recycled gold’ is<br />
so problematic, why is its use<br />
so widespread?<br />
I can think of two possible answers.<br />
The first is the generous reading of the<br />
situation: it is merely the imprecise use of<br />
language, with the word ‘recycled’ used<br />
because a more fitting term was lacking.<br />
The US retailer I mentioned has determined<br />
that ‘repurposed gold’ is more appropriate.<br />
Another explanation is that this is another<br />
example of an industry attempting to<br />
portray its product as having a positive<br />
environmental impact with deceptive<br />
marketing designed to mislead consumers.<br />
By presenting the gold as ‘recycled’, the<br />
industry is obfuscating the reality of the<br />
issue and falsely easing any concerns<br />
consumers may have about gold’s<br />
environmental impact.<br />
Simple words<br />
can blind us to<br />
apparent truths<br />
and manipulate<br />
us into making<br />
decisions we<br />
otherwise would<br />
not have.<br />
The practice has not reduced the global<br />
demand for gold, which, as mentioned,<br />
is the stated aim of recycling.<br />
This issue becomes even easier to<br />
understand with a comparison between<br />
the sale of recycled gold jewellery and<br />
other products made from recycled material.<br />
When a consumer heads to a supermarket<br />
to purchase tissues, the environmentally<br />
friendly recycled option might be attractive;<br />
however, it doesn’t provoke the consumer to<br />
make a purchase they otherwise wouldn’t.<br />
In other words, the consumer was always<br />
going to purchase tissues as a necessity,<br />
and just because they’re marketed as<br />
recycled, that doesn’t mean the consumer<br />
will purchase an extra box.<br />
The same can’t be said for recycled gold<br />
jewellery because it is a luxury purchase and<br />
not a necessity. The fact that the jewellery is<br />
‘environmentally friendly’ could be enough<br />
to trigger an impulse purchase. It has the<br />
potential to be a powerful additional selling<br />
point and tip the consumer in favour<br />
of making a purchase for which they may<br />
have not.<br />
Given the issues surrounding ‘recycled<br />
gold’ as a concept, it’s easy to see how this<br />
language could be viewed as a deliberate<br />
attempt to manipulate consumers into<br />
making a purchase they otherwise<br />
would not have made.<br />
It’s a timely reminder that language is the<br />
closest parallel we have to magic in the<br />
‘real world’. It can transform our perception<br />
of the world and manipulate us into<br />
believing that ordinary objects are<br />
anything other than what they truly are.<br />
As consumers, we can even be fooled into<br />
believing that a precious metal mined from<br />
miles beneath the surface and transformed<br />
into jewellery using toxic chemicals is<br />
somehow good for the environment.<br />
Language is fact-creating, and how we use it<br />
shapes our perception of the world. Simple<br />
words can blind us to apparent truths and<br />
manipulate us into making decisions we<br />
otherwise would not have.<br />
So, with that in mind, always choose your<br />
words carefully and keep your wits about you<br />
- because it's easy to become spellbound.<br />
SAMUEL ORD<br />
EDITOR<br />
<strong>August</strong> <strong>2024</strong> | 11
Upfront<br />
Stranger Things<br />
Weird, wacky and wonderful<br />
jewellery news from around the world<br />
Freaky Friday<br />
Police in India are investigating an<br />
alleged 'diamond switch' where a<br />
10-carat natural diamond, valued at<br />
$USD545,000, was swapped with a<br />
nearly identical lab-created replica. The<br />
incident unfolded when the accused<br />
examined the heart-shaped stone, along<br />
with its GIA certificate, and made a<br />
$12,000 down payment. Upon leaving to<br />
withdraw money, the buyer disappeared.<br />
The business owner later discovered<br />
he had been duped with a lab-created<br />
replica with identical shape, colour, and<br />
weight. Authorities are investigating.<br />
From disaster to dial<br />
Salvage crews spent weeks extracting<br />
steel from the collapsed Francis Scott<br />
Key Bridge. Now, Alan Tsao, founder of<br />
Tsao Baltimore Watch Company, plans<br />
to incorporate some of this metal into<br />
new watches. These watches, distinct<br />
from his existing collection, will honour<br />
the bridge’s legacy as a Baltimore<br />
icon. A friend involved in the salvage<br />
obtained small sections of truss metal.<br />
Tsao’s designs have previously featured<br />
Baltimore themes and landmarks.<br />
Proceeds will support the Key Bridge<br />
Emergency Response Fund.<br />
Rewind: Best Bench Tip<br />
APRIL 2016<br />
“Watch out for new<br />
designs and trends<br />
in techniques.”<br />
OK JIN JANG<br />
JANG’S JEWELLERY<br />
HISTORIC GEMSTONE<br />
Nur-Al-Ain<br />
The Nur-Al-Ain<br />
originated from a fragment<br />
of the shattered Great<br />
Table, and is one of the<br />
largest pink diamonds<br />
in the world and the<br />
centrepiece of the tiara<br />
of the same name. The<br />
diamond is believed to have<br />
been recovered from the<br />
mines of Golconda, Hyderabad, in India. Since direct measurements<br />
are unavailable, its weight and dimensions can only be estimated.<br />
In 1958, Harry Winston set the stone into a tiara for Empress Farah<br />
Pahlavi. While it is assumed that the diamond was weighed and<br />
measured during this process, Winston chose not any specifics.<br />
Timeless Trends<br />
Engraving holds the power to<br />
transform a piece of jewellery into<br />
a deeply personal and cherished<br />
keepsake. Whether a customer is<br />
purchasing it for themselves or gifting<br />
it, the addition of engraved initials,<br />
a significant date, or a message<br />
adds a layer of sentimentality that<br />
transcends the beauty of the piece.<br />
Image: Thomas Sabo<br />
Image: Louis Vuitton<br />
Farmer’s miracle recovery<br />
A farmer who believed a cow had<br />
eaten his treasured timepiece has been<br />
reunited with the wristwatch more<br />
than 50 years later. James Steele, 95,<br />
of Shropshire in the west midlands of<br />
England, believed the watch was lost<br />
forever after the bracelet broke in the<br />
early 1970s. The watch in question<br />
is a Rolex Oyster Perpetual Air King<br />
— a sporty luxury watch featuring<br />
the signature Rolex Oyster case and<br />
bracelet, which ensure durability and<br />
water resistance.<br />
Artificial Intelligence (AI) has<br />
become an increasingly hot talking<br />
point among jewellery retailers;<br />
however, an Australian lawyer is<br />
encouraging business owners to<br />
think twice before implementing<br />
it. In a recent interview, Bartier<br />
Perry commercial partner Rebecca<br />
Hegarty said that many retailers<br />
aren't adequately prepared for the<br />
potential issues raised by AI. She<br />
said that retailers must understand<br />
the risks involved and which legal<br />
protections are in place in the event of<br />
an issue, emphasising that this is not<br />
'set and forget' technology.<br />
Campaign Watch<br />
Leading luxury brand Louis<br />
Vuitton has released a new jewellery<br />
collection, showcased by a marketing<br />
campaign featuring actress Ana de<br />
Armas. The collection — Awakened<br />
Hands, Awakened Minds — was<br />
designed by Francesca Amfitheatrof<br />
and inspired by 19th-century France.<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 • Editor Samuel Ord samuel.ord@jewellermagazine.com • Advertising Toli Podolak toli.podolak@jewellermagazine.com<br />
Production Prince Bisenio art@befindanmedia.com • Digital Coordinator Riza Buliag riza@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.
INTERCHANGEABLE<br />
IJF STAND<br />
D01<br />
p +61 (0)8 8221 5580<br />
sales@timesupply.com.au | timesupply.com.au<br />
exclusive distributor AU & NZ<br />
IJF STAND<br />
D01
International<br />
<strong>Jeweller</strong>y Fair <strong>2024</strong><br />
An Inside Look: A Preview of Events<br />
$5,000 prize on offer for<br />
jewellery retailers<br />
Visitors at the upcoming Sydney Fair will have the chance<br />
to win a consultancy package that may transform their<br />
business.<br />
The International <strong>Jeweller</strong>y Fair will take place at the<br />
International Convention and Exhibition Centre in Darling<br />
Harbour on 17-19 <strong>August</strong>.<br />
Retail Edge Consultants will be one of more than 140<br />
exhibitors at the event.<br />
As part of a promotion, the company is offering one lucky<br />
visitor a four-month consulting package valued at $5,000.<br />
General manager Leon van Megen said the company<br />
was experiencing significant changes, with a renewed<br />
emphasis on hands-on business guidance.<br />
“The Sydney Fair is a really important opportunity for<br />
us every year. It’s really exciting to get the chance to<br />
reconnect with so many of our clients face-to-face,” he<br />
told <strong>Jeweller</strong>.<br />
“We’re going to be providing some fascinating snippets of<br />
the new software products we plan to launch in 2025.<br />
"When it comes to our Business Consulting programme,<br />
we’ve taken on a lot of new and exciting clients lately, and<br />
it’s a good chance for us to share the recent changes at<br />
our company with visitors.”<br />
The Business Consulting promotion addresses five critical<br />
areas within jewellery retail: financial management,<br />
inventory, staffing, business growth opportunities, and<br />
leadership and self-management.<br />
Retail Edge publishes an aggregated analysis of sales and<br />
inventory data collected from more than 400 independent<br />
jewellery stores each month.<br />
The latest report detailed a notable decline in sales in June<br />
and van Megen said visitors should be well prepared for an<br />
event like the Sydney Fair to make the most of the second<br />
half of year – including the all-important holiday period.<br />
“In my experience, far too many retailers head to the fair<br />
without a clear plan. Visitors are either ‘guns blazing’ or too<br />
cautious because they haven’t planned in advance,” he said.<br />
“That comes down to studying your financials thoroughly<br />
so you’re aware of how the core categories within your<br />
business are performing."<br />
He continued: “When you’ve got that knowledge on hand,<br />
you’re able to make informed and effective decisions and<br />
eliminate any confusion surrounding the direction of your<br />
business.”<br />
Entering the competition is simple – retailers can visit<br />
the Retail Edge Consultants stand at the Sydney Fair in<br />
person to register, or email kim@retailedgeconsultants.<br />
com in advance.<br />
Can’t make it to the fair? Retailers can book an online<br />
meeting.<br />
European watch brand ready for Australian stores<br />
The Sydney Fair is just weeks away, and<br />
one exhibitor is expecting that an emerging<br />
European watch brand will resonate particularly<br />
strongly with visitors.<br />
In March, German Cuckoo Clock Nest (GCCN)<br />
announced the acquisition of exclusive<br />
distribution rights for Pierre Lannier watches<br />
in Australia. The brand was founded in 1977<br />
in France and offers watches in a range of<br />
styles, from minimalist designs to eye-catching<br />
statement pieces.<br />
Managing director Stefanie Wernekinck said<br />
many Australians often have a soft spot for<br />
brands with an international reputation and a<br />
storied history.<br />
“Their elegant designs, which blend classic<br />
and modern styles, are a big hit with Aussies<br />
who appreciate sophisticated fashion. The<br />
high-quality craftsmanship and use of<br />
premium materials also align perfectly with<br />
the Australian emphasis on durability and<br />
reliability,” she told <strong>Jeweller</strong>.<br />
“It’s about striking a great balance between<br />
luxury and affordability. They offer stylish,<br />
well-made watches at accessible prices, which<br />
appeals to value-conscious Australians.<br />
"The brand's versatility in design means there's<br />
something for everyone, whether it's a casual<br />
day out or a formal event.”<br />
New retailers placing an initial order of 24<br />
watches will receive a complimentary Pierre<br />
Lannier watch gift set valued at $339. The<br />
set will also include a retail watch display,<br />
packaging, free business support, including<br />
marketing assets and after-sales support.<br />
Wernekinck said she was looking forward<br />
to the Sydney Fair because of the valuable<br />
opportunities in-person networking presents<br />
business partnerships.<br />
“One major aim is strengthening our<br />
relationships with existing clients and<br />
partners. We believe that face-to-face<br />
interactions help build trust and foster<br />
deeper connections," she explained.<br />
"We are aiming to enhance our brand visibility<br />
and reputation in the Australian market."<br />
“Another ambition is to gather valuable<br />
feedback from attendees. Understanding<br />
their preferences and needs can guide our<br />
product development and marketing strategies."<br />
Based in Queensland, GCCN distributes a<br />
range of European clock brands to retail<br />
partners nationwide through its network.<br />
These include Hermle, Engstler, Trenkle,<br />
Hekas, Comitti, Kieninger, and AMS.<br />
Nationwide <strong>Jeweller</strong>s announces release of new book<br />
Nationwide <strong>Jeweller</strong>s has announced the release<br />
of its updated Repair Price Book.<br />
For more than 20 years, members have used<br />
the Repair Price Book to fine-tune their<br />
business.<br />
The guide provides structured pricing for the most<br />
common jewellery and watch repairs, calculated<br />
based on materials and precise labour time.<br />
By monitoring changes in metal and labour<br />
costs, jewellery retailers can protect and<br />
enhance margins.<br />
Managing director Colin Pocklington said that,<br />
with the precious metals market significantly<br />
changing over the past 12 months, retailers that<br />
don’t update their pricing strategy risk losing<br />
significant revenue.<br />
"Keeping repair prices current is more critical<br />
than ever, particularly with metal prices having<br />
soared by over 40 per cent since the previous<br />
edition in early 2023," he told <strong>Jeweller</strong>.<br />
"Repairs constitute a substantial portion of<br />
most jewellery stores' overall sales. Failing to<br />
price these services correctly means leaving<br />
significant revenue on the table.<br />
“There’s simply too much at stake.”<br />
This is the 15th edition of the book that the<br />
buying group has published. Pre-orders are now<br />
open for members ahead of the Sydney Fair.<br />
14 | <strong>August</strong> <strong>2024</strong>
Where Brilliance Connects<br />
$30,000: Gerrim celebrates anniversary with<br />
colour gemstone jewellery competition in Sydney<br />
Sydney Fair prepares<br />
for 38 very special guests<br />
One lucky visitor will leave the Sydney Fair<br />
having won a collection of jewellery valued<br />
at $30,000 courtesy of Gerrim International,<br />
which is celebrating its 30th anniversary<br />
this year.<br />
Gerri Maunder’s decision to launch Gerrim<br />
International three decades ago was a leap<br />
of faith, famously beginning with six rings,<br />
a borrowed roll of gold chain, and a range<br />
of padlocks.<br />
Over the coming years, she steadily expanded<br />
the colour gemstone jewellery business by<br />
forging relationships with retailers, buying<br />
groups, and other suppliers.<br />
She said that the giveaway was an<br />
opportunity to highlight her gratitude for the<br />
industry surrounding the business in light of<br />
the anniversary.<br />
“We’re excited to give something back to the<br />
jewellery industry as a way to say thank you<br />
for the past 30 years, and we thought the<br />
Sydney Fair was a great opportunity to do<br />
exactly that,” she told <strong>Jeweller</strong>.<br />
“What we’ve achieved over the past three<br />
decades wouldn’t have been possible without<br />
the jewellery industry, and that’s the message<br />
we’d really like to get across.<br />
“We’re proud to work so closely with the<br />
buying groups, particularly.<br />
"We think they do a wonderful job of<br />
supporting retailers and keeping them<br />
engaged and abreast of important changes in<br />
the industry.”<br />
In terms of major milestones, Maunder said<br />
that welcoming her children — Rachel and<br />
Samantha — to the business was a moment<br />
that remained firmly in her mind. She also<br />
discussed her passion for trade shows<br />
and jewellery fairs, which offer a unique<br />
opportunity to expand one’s knowledge and<br />
understanding of the market.<br />
“Many of the hard yards are completed in<br />
private at these events. I’m one of those<br />
people who can’t help themselves with<br />
jewellery; whether I’m on holiday or at a fair, I<br />
love to wander around and look at everything<br />
on offer,” she said.<br />
“It’s always important to watch for what’s<br />
grabbing people’s attention. We’re always on<br />
the lookout for something new, exciting, and<br />
different. It’s important to keep searching for<br />
that perfect piece of jewellery or gemstone<br />
that will appeal to Aussies.”<br />
Gerrim also recently released its new retail<br />
catalogue.<br />
Expertise Events has arranged for the World<br />
Famous Diamonds replica collection to<br />
return to the International <strong>Jeweller</strong>y Fair.<br />
The collection, created by well-known US<br />
gemstone cutter Scott Sucher, first toured<br />
Australia in 2008 with 26 perfect replicas,<br />
including the Hope Diamond, Tiffany Yellow,<br />
Cullinan, Dresden Green and, the most famous<br />
diamond of all, the Koh-I-Noor.<br />
Sucher’s collection has now extended to 38 stones,<br />
including the Orlov, Jubilee and Beau Sancy.<br />
It’s important to note that the World Famous<br />
Diamonds replicas are not mere representations<br />
or imitations. This distinction is vital; while a<br />
representation is a ‘stand-in’ for its authentic<br />
counterpart, it is not necessarily accurate or exacting.<br />
“A replica re-creates the size, shape and colour<br />
of the original precisely – something that is<br />
especially relevant to diamonds such as these<br />
because so few people are familiar with the<br />
originals,” Sucher explained.<br />
And while the replicas have been re-created<br />
in cubic zirconia, the stone’s full beauty,<br />
magnificence, and uniqueness can still be<br />
appreciated – they are as near as possible to the<br />
original stone. For example, the most famous<br />
diamond in the collection, the Koh-i-Noor, has<br />
been replicated from a plaster model made in<br />
1851 before the original gem was cut into its<br />
current form.<br />
In 2006, after lengthy negotiation, Sucher obtained<br />
permission from the Natural History Museum<br />
of London to have one of the two original 1850<br />
plaster casts of the Koh-i-Noor shipped to<br />
Antwerp to be X-rayed and laser scanned to<br />
produce a perfect replica. Sucher spent 18 months<br />
modelling and nearly 100 hours precisely cutting<br />
two replicas of the Koh-i-Noor: one is now on<br />
display at the Natural History Museum of London,<br />
and the other he kept for his collection.<br />
To provide insight into the painstaking work of<br />
creating exact replicas, Sucher worked with<br />
the Discovery Channel when it was producing<br />
the documentary Unsolved History: The Hope<br />
Diamond, which aired in February 2005.<br />
The 38-stone World Famous Diamonds collection<br />
will be featured in a special-purpose display at the<br />
upcoming International <strong>Jeweller</strong>y Fair.<br />
In addition to speaking about the collection and<br />
other related gemstone topics at the show, Sucher<br />
will be available to answer questions on gemstone<br />
cutting. He said he was particularly eager to<br />
discuss his favourite gemstone: Australian opal.<br />
<strong>August</strong> <strong>2024</strong> | 15
News<br />
T H E W A T E R C H A M P I O N<br />
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new Neptunian lies the new<br />
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improvement, the Neptunian<br />
Grande Réserve is tailored to<br />
excel both in and out of the water.<br />
Room for improvement: Latest Australian<br />
jewellery sales trends under the microscope<br />
Recent sales analysis has highlighted some critical areas for<br />
improvement for Australia’s independent jewellery stores.<br />
According to the latest research from Retail Edge Consultants,<br />
sales in June declined by 10 per cent on a year-on-year<br />
comparison. This follows a 1.3 per cent decline in May.<br />
Unit sales in June decreased by seven per cent by the same metric,<br />
while the average retail sale price was $239, a five per cent decline<br />
from the previous year.<br />
Earlier this year, the average retail sale price had increased month<br />
-by-month; however, that was not the case in June.<br />
Diamond jewellery was once again identified as an area of concern,<br />
decreasing by 30 per cent on a year-on-year comparison and 13 per<br />
cent when compared with 2022.<br />
General manager Leon van Megen said jewellery retailers must<br />
prioritise inventory management to address this issue.<br />
“This decline in the largest jewellery category and continues to impact<br />
the total performance of jewellery businesses,” van Megen said.<br />
“Managing diamond inventory remains critical to managing your<br />
total inventory, which continues to be the single biggest driver of the<br />
accumulation of aged stock.”<br />
Colour gemstone jewellery increased by 13 per cent, while silver<br />
and alternative metal jewellery narrowly (1.3 per cent) decreased.<br />
Precious metal jewellery without a gemstone or diamond increased<br />
by 4.4 per cent.<br />
Services, such as repairs, were also an area highlighted by the<br />
research, decreasing by 31 per cent in dollar terms between new<br />
orders and pickups and/or cancellations.<br />
Laybys declined by 5 per cent on a year-on-year comparison, and it was<br />
a similar story with special orders, which decreased by 4.5 per cent.<br />
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News<br />
Drive to survive: Will LVMH oust Rolex?<br />
In recent weeks, rumours have circulated that Louis Vuitton Moët<br />
Hennessy (LVMH) is preparing a bid to become the official timekeeper<br />
for Formula 1.<br />
Coronet, a blog dedicated to Rolex news, has reported that ‘sources in<br />
Geneva’ revealed that LVMH will be the new official timekeeper as of<br />
2025, with an annual contract costing around $USD150 million.<br />
The report does not specify TAG Heuer as the brand leading the<br />
supposed partnership; however, given the brand’s previous associations<br />
with motor racing it would appear to be the most likely choice.<br />
Should this new partnership progress, it would abruptly end an<br />
11-year agreement between Rolex and Formula 1.<br />
“Rolex started its role as the global timekeeper of F1 back in 2013, not<br />
being the official sponsor of any one team and allowing other brands<br />
to be associated with them and their drivers, while Rolex branding<br />
stayed consistent across all racetracks,” writes Russell Sheldrake of<br />
Time & Tide.<br />
“According to Forbes, Rolex pays an estimated $USD50 million annually<br />
to be the official timepiece of the motor racing series, but the sport has<br />
seen a boom in popularity in the last couple of years.<br />
“The sport had an average of 70 million global viewers per Grand Prix last<br />
year, with an increase across the board from pre-pandemic numbers.”<br />
In February, a new analysis of the market capitalisation of the world’s<br />
leading luxury goods companies highlighted LVMH's dominance, while<br />
Rolex narrowly scraped into the top 20.<br />
In an interview with WatchPro, CEO of LVMH’s watch division, Frédéric<br />
Arnault, said that motorsports would be the company's keen focus over<br />
the coming decade. He attributed this interest to the expanding global<br />
audience of young consumers.<br />
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"Many watch brands are associated with Formula 1 teams and drivers<br />
— TAG Heuer, Richard Mille, Bremont [for now], Girard-Perregaux, IWC,<br />
H. Moser & Cie. and Tudor — but Rolex’s 13-year-long association is<br />
what 60-70 million racing fans worldwide see in almost every frame of<br />
television coverage," writes Rob Corder.<br />
"Few sports have that sort of reach, and that is before the perfect<br />
alignment with precision engineering, split-second timekeeping,<br />
sporting excellence and almost infinite opportunities for corporate<br />
hospitality are factored in."<br />
In July of the past year, LVMH was named a major sponsor of the<br />
upcoming Olympic Games in Paris.
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<strong>August</strong> <strong>2024</strong> | 19
News<br />
Swiss luxury clock brand<br />
acquired by LVMH<br />
Ambitious plans: Watches of Switzerland dreaming big<br />
L’Epée 1839, a high-end clock manufacturer<br />
from Switzerland, has been purchased by luxury<br />
conglomerate Louis Vuitton Moët Hennessy<br />
(LVMH).<br />
CEO Arnaud Nicolas will continue to lead<br />
the company, which will become part of<br />
LVMH’s watchmaking division, which is run<br />
by Frédéric Arnault.<br />
The company specialised in watch components<br />
and music boxes initially; however, it now<br />
primarily produces clocks.<br />
“L’Epée 1839 is a brand of mechanical objets<br />
d’art with an unrivalled and unique expertise,”<br />
Frédéric Arnault said.<br />
“I am excited by the untapped creative potential<br />
of the various LVMH Group maisons [brands]<br />
associated with this exceptional expertise.”<br />
In 2023, L’Epée 1839 worked with Tiffany & Co. to<br />
create a carriage clock in the shape of Formula 1<br />
cars from the 1950s. The collaboration coincided<br />
with the reopening of Tiffany’s New York City<br />
flagship store.<br />
The integration into LVMH’s watchmaking division<br />
will likely bring L’Epée 1839’s masterpieces<br />
to a broader audience, blending traditional<br />
craftsmanship with contemporary luxury.<br />
Watches of Switzerland CEO Brian Duffy<br />
has outlined plans to double profit and<br />
revenue by 2028.<br />
As of April, Watches of Switzerland has more<br />
than 220 showrooms across the UK, US and<br />
Europe, including dedicated brand-only stores<br />
in partnership with brands such as Rolex,<br />
Omega and TAG Heuer.<br />
The company recently reported a double-digit<br />
sales increase in the fourth quarter and a fullyear<br />
revenue rise of 6 per cent. It hasn’t been<br />
all smooth sailing; however, with a 40 per cent<br />
decline in pre-tax profit.<br />
Duffy said that despite the adverse economic<br />
climate, the company has continued to move<br />
from strength to strength over the past year.<br />
“We cemented our position as a leading<br />
international luxury watch and jewellery<br />
retailer and delivered further market share<br />
gains in both the UK and US, driven by our<br />
proven, differentiated business model,” he<br />
said.<br />
“In particular, our US business went from<br />
strength to strength, growing 11 per cent and<br />
will soon represent half of group sales.<br />
“The UK market is starting to show signs of<br />
stabilisation. In FY24, UK and Europe sales<br />
were down 5 per cent, impacted by significant<br />
price increases overall at a time of reduced<br />
consumer confidence influencing discretionary<br />
spending, and we see these pressures easing<br />
in FY25.”<br />
The company has maintained its guidance for<br />
the current financial year and described the<br />
outlook as 'cautiously optimistic'.<br />
Regarding long-range planning, Duffy said the<br />
mission is to double sales and profit by 2028.<br />
In May, Watches of Switzerland acquired<br />
distribution rights for jewellery brand Roberto<br />
Coin in the US.<br />
Swatch revenue decline highlights retail challenges in Asia<br />
The Swatch Group has reported a significant<br />
decline in revenue across the first six months<br />
of the financial year, which was attributed to<br />
economic challenges in Asia.<br />
Swatch, which oversees brands such as<br />
Blancpain, Harry Winston, Longines,<br />
Omega, and Tissot, reported a 10.7 per cent<br />
decline in revenue in the first half of the year.<br />
Comparatively, sales outside of China, Hong<br />
Kong, and Macau increased by 5.6 per cent<br />
between January and June on a two-year<br />
comparison.<br />
In a statement, the company said that the<br />
challenging economic climate particularly<br />
impacted luxury brands such as Blancpain<br />
and Omega.<br />
Conversely, the Swatch, Tissot, and Longines<br />
brands were resilient. The excitement around<br />
the latest addition to the MoonSwatch<br />
collection was also identified as a positive.<br />
“While the Greater Chinese market is set to<br />
remain challenging for luxury, Swatch Group<br />
felt the region’s potential ‘remains intact,’ with<br />
‘excellent opportunities for further growth<br />
and market share gains’ for its lower-priced<br />
brands,” writes Lily Templeton of WWD.<br />
“It deemed prospects in European<br />
countries ‘promising’ and predicted<br />
Omega would benefit from global media<br />
exposure as the official timekeeper of the<br />
<strong>2024</strong> Paris Olympics.”<br />
She continued: “A cost-cutting program<br />
introduced in early <strong>2024</strong> was also expected<br />
to have a positive impact, particularly in the<br />
production segment.”<br />
The statement also highlighted the challenges<br />
of surpassing a record-breaking year in 2023.<br />
20 | <strong>August</strong> <strong>2024</strong>
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News<br />
Diamond jewellery concerns<br />
for Brazil’s former president<br />
Former president of Brazil, Jair Bolsonaro, has<br />
been indicted for money laundering and criminal<br />
association in connection with undeclared<br />
diamond jewellery.<br />
In 2023, federal police investigated Bolsonaro and<br />
several military officials on suspicion of smuggling<br />
diamond jewellery into Brazil.<br />
The items in question, some of which were made by<br />
Chopard, included a diamond necklace, ring, watch,<br />
and earrings.<br />
These were given to Bolsonaro and former first lady<br />
Michelle Bolsonaro by the Saudi Arabian government.<br />
The diamond jewellery is estimated to be worth<br />
$USD3.2 million ($AUD4.75 million).<br />
“The indictment dramatically raises the stakes in<br />
a series of investigations into the divisive ex-leader<br />
applauded by his opponents but denounced as<br />
political persecution by his supporters,” writes<br />
Gabriela Sa Pessoa of the Sydney Morning Herald.<br />
“Bolsonaro and his lawyers have denied any<br />
wrongdoing related to the case, as well as the slew of<br />
investigations facing the former president.”<br />
Customs officials seized the items in October 2021<br />
when they were found in the luggage of a government<br />
aide returning from Riyadh, Saudi Arabia.<br />
Brazil requires its citizens arriving by plane from<br />
abroad to declare goods worth more than $USD1,000<br />
and pay a tax equal to 50 per cent of their value on any<br />
amount above that exemption.<br />
The items would have been exempt from tax had<br />
they been a gift from Saudi Arabia to the people of<br />
Brazil; however, it’s alleged Bolsonaro intended to<br />
keep the jewellery.<br />
Federal police indicted Bolsonaro; however, Brazil's<br />
Supreme Court has yet to receive the police report.<br />
Prosecutor General Paulo Gonet Branco will analyse<br />
the document and decide whether to file charges and<br />
force Mr Bolsonaro to stand trial.<br />
Mystery surrounding Canadian gold heist continues<br />
There’s been another twist in the investigation<br />
of the heist of millions of dollars of gold from<br />
the Toronto Pearson Airport in April of the<br />
past year.<br />
Authorities now believe that the 6,600 gold bars<br />
- worth more than $CAN20 million ($AUD22.66<br />
million) – are likely overseas, potentially in<br />
Dubai or India.<br />
Lead investigator detective sergeant Mike<br />
Mavity said he believes the gold was melted<br />
down shortly after the heist.<br />
"We believe a large portion has gone overseas<br />
to markets that are flush with gold," he told<br />
CBC News.<br />
"That would be Dubai or India, where you<br />
can take gold with serial numbers on it, and<br />
they will still honour it and melt it down. And<br />
we believe that happened very shortly after<br />
the incident."<br />
Earlier this year, authorities charged nine<br />
people over the crime, which is the largest theft<br />
of gold in Canadian history.<br />
Investigators asserted that a truck driver<br />
arrived at the cargo warehouse with a<br />
fraudulent bill provided to an airline warehouse<br />
attendant. A bill collected the day before was<br />
used to claim the gold.<br />
Police previously attempted to connect the<br />
stolen gold and cross-border gun trafficking,<br />
making note of dozens of firearms seized from<br />
suspects in the investigation.<br />
Australia’s money laundering headache worsens<br />
Australia’s financial intelligence agency<br />
is increasingly concerned with the use of<br />
luxury jewellery and watches as a means for<br />
money laundering.<br />
The Australian Transaction Reports and<br />
Analysis Centre (AUSTRAC) monitors financial<br />
transactions to identify money laundering,<br />
organised crime, tax evasion, fraud and<br />
terrorism financing.<br />
In an interview, AUSTRAC chief executive<br />
Brendan Thomas said that criminals are<br />
increasingly turning to high-end watches and<br />
jewellery to launder money.<br />
“It’s a big problem,” he told The Australian<br />
Financial Review.<br />
“Luxury watches are a big source of people<br />
moving value around.<br />
"You can wear them, so you don’t have to worry<br />
about declaring carrying $10,000 worth of cash<br />
if you’re wearing $20,000 worth of diamonds on<br />
your wrist.”<br />
Authorities have given luxury goods, cash, and<br />
real estate the highest risk rating because they<br />
are highly effective for laundering money.<br />
In a highlighted example, a police raid in Sydney<br />
uncovered an extensive range of designer<br />
watches, including a diamond-studded<br />
timepiece valued at more than $1 million.<br />
<strong>Jeweller</strong> recently published a five-part series<br />
detailing proposed changes to Australia’s<br />
anti-money laundering and counter-terrorism<br />
financing regime, and the impact this reform<br />
would have on the jewellery industry.<br />
The Financial Action Task Force (FATF)<br />
recently slammed Australia with a scathing<br />
review, citing extensive non-compliance with<br />
international standards.<br />
Rachel Waldren, a financial crime partner at<br />
KordaMentha, said that with the following review<br />
expected in 2026, there would be little time to<br />
implement changes.<br />
“FATF will consider what has been implemented<br />
at the time they come and do their evaluation,<br />
which may give us a technical compliance but<br />
not effective compliance,” she said.<br />
“I think that exposes us to the grey listing.”<br />
A grey listing would place Australia in the same<br />
category as Haiti, Syria, South Sudan, and<br />
Yemen, among others.<br />
22 | <strong>August</strong> <strong>2024</strong>
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News<br />
WA retailers benefit from<br />
new legal protection<br />
Western Australia has implemented new penalties<br />
for criminals targeting retailers.<br />
The laws were first proposed in February. A new<br />
‘assault retail workers’ offence will see criminals<br />
who attack retail staff facing up to seven years in<br />
prison or three years and a fine of $36,000.<br />
If an offender is armed or in the company of others,<br />
the penalty rises to 10 years imprisonment.<br />
“These tougher penalties send a strong message<br />
that violent behaviour towards staff simply doing<br />
their job won’t be tolerated," said WA Police<br />
Minister Paul Papalia.<br />
“WA Police do an incredible job tracking down<br />
shoplifters and holding them to account, but<br />
some serial offenders don’t get the message.<br />
Under these new laws, if shoplifters continue to<br />
disregard the law, they will go to prison.”<br />
Over the past 12 months, several brazen criminal<br />
acts targeting jewellery stores in WA have made<br />
national headlines.<br />
These include the daring daylight robbery of<br />
a Subiaco diamond jewellery store, a ramraid<br />
targeting a Prouds store in Kalgoorlie, and the<br />
robbery of more than 30 watches valued at $8,000<br />
by two teenage boys in Bunbury.<br />
Australian Retailers Association CEO Paul Zahra<br />
said retail employees deserve peace of mind.<br />
“All retail workers, whether they’re a casual in<br />
their first job or doing the night shift at the local<br />
convenience store, have a right to feel safe at<br />
work,” he said.<br />
“No one deserves to be spat on, threatened with<br />
weapons, intimidated or harassed for simply doing<br />
their job. People who engage in these types of<br />
behaviours are committing a crime – it’s as simple<br />
as that.”<br />
Under these new laws, repeat offenders charged<br />
with multiple low-level stealing offences also face<br />
potential jail time.<br />
The WA government has removed the ‘fine only’<br />
penalty for those convicted of stealing or attempted<br />
stealing when they have two or more prior<br />
convictions for similar crimes in the past year.<br />
Serial thieves will instead face a maximum penalty<br />
of two years imprisonment and a $24,000 fine.<br />
Enough is enough: New Zealand retailers demand help<br />
The New Zealand government has announced<br />
upcoming reforms to address severe retail<br />
crime; however, industry representatives say it<br />
doesn’t go far enough.<br />
Justice Minister Paul Goldsmith has revealed<br />
a series of reforms to improve New Zealand’s<br />
criminal justice system's response to<br />
criminals targeting retailers.<br />
The reforms include the introduction of a new<br />
aggravating factor to address offences against<br />
workers whose homes and businesses are<br />
interconnected.<br />
“This announcement is just one part of the<br />
Government’s extensive action to restore law<br />
and order,” a statement reads.<br />
“We are delivering 500 additional Police and<br />
giving them more powers to go after criminal<br />
gangs, speeding up court processes, restoring<br />
Three Strikes legislation, establishing militarystyle<br />
academies and creating a Serious<br />
Young Offender category to make powerful<br />
interventions in the lives of young offenders.”<br />
Earlier this year, dramatic footage of a security<br />
guard helplessly watching on as criminals<br />
ransacked a Michael Hill store on New<br />
Zealand’s North Island made international<br />
headlines.<br />
Partridge <strong>Jeweller</strong>s in Newmarket, an upscale<br />
retail district of Auckland, was also robbed<br />
twice in nine days in April.<br />
Retail NZ CEO Carolyn Young said that with<br />
crime affecting 92 per cent of retailers in<br />
New Zealand and annual costs exceeding<br />
$NZ2 billion, these changes aren’t enough.<br />
"This doesn't go far enough. Almost every<br />
retail worker has been affected by crime<br />
and aggression, whether they are sole<br />
charge or not," Young said in a statement.<br />
"On a daily basis, retailers of all sizes are<br />
dealing with threatening, violent, or simply<br />
unpleasant customers, who are trying to<br />
steal or damage their property."<br />
In June, a Papatoetoe jewellery store owner<br />
who was hit on the head with a hammer during<br />
a violent armed robbery suffered a fractured<br />
skull.<br />
A spokesperson for the family who owns the<br />
business said that it was a stark reminder that<br />
New Zealand is becoming a ‘very violent and<br />
dangerous society’, adding that crime was out<br />
of control and needed to be stopped.<br />
Changing faces: Major brands appoint new CEOs<br />
Richemont has appointed Louis Ferla as the<br />
new CEO of the Cartier jewellery brand.<br />
Ferla began his career at Richemont in 2001<br />
as a sales manager in Hong Kong. He joined<br />
Cartier in 2006 and held various roles in the<br />
Middle East, India, Africa, and China.<br />
In 2017, Ferla became CEO of the watch brand<br />
Vacheron Constantin. He will now succeed<br />
Cyrille Vigneron, who plans to retire on 1<br />
September after eight years in the role.<br />
“[Ferla] has earned the admiration and<br />
respect of his colleagues across the group,<br />
and of the industry at large for having so<br />
brilliantly positioned Vacheron Constantin<br />
at the pinnacle of haute horlogerie,” said<br />
Richemont chairman Johann Rupert.<br />
“His experience and leadership qualities<br />
will prove invaluable for Cartier’s longterm<br />
success.”<br />
Richemont has also appointed Catherine<br />
Rénier as CEO of Van Cleef & Arpels,<br />
succeeding Nicolas Bos. In her new role,<br />
which begins on 1 September, Rénier will<br />
report to Bos, who is taking over as CEO of<br />
Richemont.<br />
“She brings the perfect mix of experience and<br />
leadership skills to the role, which, coupled<br />
with her deep knowledge of the maison<br />
[brand], will enable her to ensure Van Cleef &<br />
Arpels’s long-term success,” said Bos.<br />
Rénier joined the company in 1999, working as<br />
a director for Cartier in the US before joining<br />
Van Cleef & Arpels as a manager. In 2018, she<br />
worked for Jaeger-LeCoultre.<br />
24 | <strong>August</strong> <strong>2024</strong>
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News<br />
Richemont revenue stable despite<br />
adverse economic climate<br />
Swiss luxury goods company Richemont has reported largely unchanged<br />
sales for the first quarter of the financial year. Sales increased by 1 per cent<br />
to €5.27 billion ($AUD9.35 billion) for the three months ending in June.<br />
Revenue increased by 10 per cent in the Americas and 5 per cent<br />
in Europe. Japan was the strongest improver, with sales rising by<br />
59 per cent. A notable decline in China offset these positive results.<br />
Sales among jewellery brands – including Cartier, Van Cleef & Arpels,<br />
and Buccellati – increased by 4 per cent, while watch brands declined<br />
by 13 per cent.<br />
“All regions delivered growth except for Asia Pacific, where sales<br />
contracted by 18 per cent, as higher sales in South Korea and Malaysia<br />
only partially mitigated a 27 per cent decline in China, Hong Kong and<br />
Macau combined,” the company said in a statement.<br />
Richemont recently announced a significant management change,<br />
with Nicolas Bos appointed CEO. Louis Ferla is the new head of Cartier,<br />
while Catherine Rénier will succeed Bos at Van Cleef & Arpels.<br />
“Richemont gives its CEOs wide but not complete autonomy in how<br />
they run the brands under their charge with the idea that the group is<br />
there to take care of support systems and let its stars lead in terms of<br />
what the brands produce and how they sell the brand and the products,”<br />
writes James Gurney of WatchPro.<br />
“In practice, the group is an ever-present party to decisions, even down<br />
to peer review of product decisions.”<br />
He continued: “It’s this tendency, shared by LVMH and the Swatch Group,<br />
that’s often used to account for the gap in growth numbers that now exist<br />
between the groups and the big independents, the idea being that the<br />
laser-like focus towards a single purpose that the likes of Richard Mille<br />
can deploy sits in stark contrast to the unwieldy apparatus of a group.”<br />
Earlier this month, it was reported that LVMH owner Bernard Arnault<br />
has taken an equity stake in Richemont.<br />
Swarovski announces newly acquired<br />
high-profile brand ambassador<br />
Austria-based jewellery company<br />
Swarovski has named Ariana Grande<br />
as its new brand ambassador. The<br />
Grammy-winning singer and<br />
actress will star in the company’s<br />
upcoming holiday campaign.<br />
Grande’s partnership with Swarovski<br />
follows the release of her seventh<br />
studio album in March, and she said<br />
the brand’s emphasis on self-expression<br />
was admirable.<br />
Official Timing Partner<br />
Luminox Red Bull<br />
Ampol Racing Series<br />
“It’s an honour to represent a house that shares my passion for<br />
creativity, pushes the boundaries beyond the world of jewellery, and<br />
promotes values of unapologetic self-expression,” Grande said.<br />
“I cannot wait to embark on this journey and to inspire others to<br />
embrace their own unique sparkle.”<br />
The company reported a 4 per cent increase in sales over the past<br />
financial year, with a 6 per cent rise in jewellery sales specifically.<br />
Swarovski jewellery is retailed from 63 brand-only stores in Australia<br />
and via a range of stockists (independent jewellery stores).<br />
(02) 9417 0177 | dgau.com.au
News<br />
Rising revenue highlights memorable<br />
year for Michael Hill International<br />
Michael Hill International has announced a revenue increase across<br />
the second half of the financial year despite contrasting results<br />
across key markets.<br />
Sales in Australia improved by 12 per cent, countering declines in<br />
New Zealand (12 per cent) and Canada (1.6 per cent). Revenue in the<br />
second half ($AUD278.6 million) increased by 4.9 per cent. Full-year<br />
sales finished with a 3.8 per cent rise to $AUD641.4 million.<br />
CEO Daniel Bracken said these sales figures were pleasing due to<br />
difficult trading conditions.<br />
“While challenging economic conditions have persisted across<br />
all markets throughout the year, particularly in the fine jewellery<br />
segment, the group has continued to outperform the category, with a<br />
focus on retail fundamentals and execution of its clearly articulated<br />
strategies,” he said.<br />
Bracken noted the opening of a flagship store in Chadstone and the<br />
appointment of Miranda Kerr as brand ambassador as key highlights.<br />
The retailer also reported a double-digit increase in digital sales over<br />
the past year. Michael Hill operates more than 170 stores in Australia<br />
and around 300 worldwide.<br />
<strong>Jeweller</strong>y retailer changes terminology<br />
US-based Signet Jewelers will now refer to previously used<br />
precious metals products as ‘repurposed’ rather than ‘recycled.’<br />
This is a notable shift in terminology away from a common but<br />
controversial term.<br />
There is no commonly accepted definition for recycled gold, and its<br />
use has generated criticism in the past because of ambiguity.<br />
A spokesperson for Signet Jewelers told JCK Online that<br />
because gold is rarely a waste product, the word ‘recycled’<br />
was deemed inappropriate.<br />
“Signet aligned on using repurposed as our terminology and not<br />
using recycled because recycled should really only apply to products<br />
intentionally diverted from a waste stream,” the spokesperson said.<br />
“And gold is rarely, if ever, part of a waste stream.”<br />
A statement from the Precious Metals Impact Forum,<br />
based in Switzerland, recently addressed the controversy<br />
surrounding the terminology.<br />
It outlined the issues with differing industry standards for the term,<br />
which generally relates to gold sourced from secondary materials<br />
such as industrial/electronic waste and jewellery scrap.<br />
“Establishing clear guidelines for recycled gold is crucial<br />
for distinguishing it from newly mined gold and ensuring its<br />
responsible sourcing,” it reads.<br />
“However, divergent interpretations and conflicting interests<br />
have fueled a contentious debate within the gold industry.<br />
Disagreements over what constitutes recycled gold have hindered<br />
progress towards implementing standardised practices and<br />
regulations and detract from addressing more pressing issues<br />
within the gold sector.”<br />
In a similar shift, Signet announced a change in approach to labcreated<br />
diamonds in June..
10 Years Ago<br />
Time Machine: <strong>August</strong> 2014<br />
A snapshot of the industry events making headlines this time 10 years ago in <strong>Jeweller</strong>.<br />
Historic Headlines<br />
Swarovski’s Lola and Grace lands in Oz<br />
Bevilles opens first new store since collapse<br />
<strong>Jeweller</strong>y found by mountain treasure hunter<br />
De Beers increases accessibility to its rough diamond<br />
Coloured diamond dealer expands into jewellery<br />
World’s largest synthetic<br />
diamond created<br />
Pure Grown Diamonds, the US-based synthetic<br />
diamond company formerly known as Gemesis,<br />
claims it has broken the record for the world’s<br />
largest lab-created diamond.<br />
The company’s latest record-setter is a 3-carat,<br />
K coloured round brilliant-cut synthetic diamond,<br />
with SI1 clarity.<br />
This is not the first time Pure Grown Diamonds<br />
has stated that it has developed the world’s<br />
largest synthetic diamond. In April last year it was<br />
said to have created a 1.29-carat E coloured, VVS2<br />
emerald-cut diamond, which was then trumped<br />
by a 1.78-carat, G coloured, SI1 clarity princesscut<br />
stone in November.<br />
The company’s newly appointed president and<br />
CEO Lisa Bissell said, “We are ecstatic to once<br />
again celebrate technology and innovation in<br />
grown diamonds. It is very gratifying to break our<br />
own records and reach the 3-carat milestone.”<br />
JAA Code of Conduct<br />
complaints on the rise<br />
The <strong>Jeweller</strong>s Association of Australia has<br />
released its annual Code of Conduct report,<br />
showing that there were three times as many<br />
complaints handled this year than in the previous<br />
corresponding period.<br />
In the year ended 30 June 2014, the <strong>Jeweller</strong>s<br />
Association of Australia (JAA) Code committee<br />
dealt with 13 complaints, with seven relating<br />
to the conduct of JAA members and six referring<br />
to non-members.<br />
All of the complaints were from industry<br />
members – none were from consumers.<br />
The Code of Conduct (the Code) was developed<br />
during 2009 and 2010 and aims to provide the<br />
industry with guidance on how to comply with<br />
consumer and trade practice law.<br />
<strong>August</strong> 2014<br />
ON THE COVER Trollbeads<br />
Editor’s Desk<br />
Musings of an unlicensed publisher<br />
Many years ago I was given the task<br />
to redesign a magazine for another<br />
professional body. It was in dire need<br />
of a complete overhaul and the<br />
magazine’s reposition was part of<br />
the re-branding of the entire industry.<br />
Back then the particular profession was<br />
suffering from the same issues to which<br />
the jewellery industry suffers today. You<br />
see, believe it or not, you don’t need to be<br />
licensed to call yourself an accountant –<br />
anyone can start an accounting business!<br />
Soapbox<br />
Give a jewellery apprentice a go<br />
I know there are some jewellers who<br />
haven’t contemplated taking on an<br />
apprentice and to them I can only say that<br />
it’s been really beneficial for my business,<br />
something I believe is key to securing our<br />
industry’s future. The trade is changing<br />
but our ability to design and make<br />
jewellery within a timely manner that<br />
suits the tastes of local consumers will<br />
be our saviour from overseas competition,<br />
and it’s not just storeowners who have<br />
the ability to support young jewellers.<br />
Stephen Dibb<br />
Stephen Dibb <strong>Jeweller</strong>y<br />
STILL RELEVANT 10 YEARS ON<br />
“Selling jewellery these days takes a lot<br />
more than a pretty face. In an era where<br />
social media reigns supreme, the job of a<br />
brand ambassador is far more complex<br />
than simply looking good.”<br />
READ ALL HEADLINES IN FULL ON<br />
JEWELLERMAGAZINE.COM<br />
Diamond dealer Storch &<br />
Co placed in administration<br />
In another blow to the local jewellery industry,<br />
Sydney-based diamond dealer Storch & Co has<br />
entered voluntary administration.<br />
The news comes just two weeks after the<br />
surprise announcement that Miller Diamonds<br />
was placed in liquidation and has since closed.<br />
Adam Shepard, from specialist insolvency firm<br />
Farnsworth Shepard, was appointed official<br />
administrator on Thursday 31 July.<br />
Shepard told <strong>Jeweller</strong> that, “At the moment it’s<br />
business as usual. Storch & Co is still trading<br />
and a creditors’ meeting is scheduled for<br />
Tuesday 12 July.”<br />
Pandora jewellery sued for<br />
stock losses<br />
A group of Pandora shareholders is suing<br />
the Danish jewellery company for losses they<br />
claim to have experienced as a result of a late<br />
profit warning.<br />
Deminor, the Belgium-based legal consultancy<br />
that is representing the group of 36 investors,<br />
stated in a press release that the lawsuit referred<br />
to the profit warning released by Pandora on 2<br />
<strong>August</strong> 2011 when the company “significantly<br />
downgraded” its 2011 margins guidance for<br />
revenue and earnings before interest, taxes,<br />
depreciation and amortisation (EBITDA).<br />
Pandora had originally expected a sales rise of at<br />
least 30 per cent and an EBITDA margin of at least<br />
40 per cent; in its profit warning this was revised<br />
to a zero increase and an EBITDA margin of 31 per<br />
cent to 34 per cent.<br />
According to the Deminor release, Pandora<br />
investors were seeking compensation due to the<br />
fact that following the profit warning, “the stock<br />
price of Pandora lost 65.35 per cent in a single<br />
trading day, which resulted in the destruction of<br />
DKK 12.5 billion (AU$2.4 b) of market value”.<br />
28 | <strong>August</strong> <strong>2024</strong>
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Behind every gemstone,<br />
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waiting to delight clients<br />
around the world. Studying<br />
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Passionately educating the industry, gem enthusiasts<br />
and consumers about gemstones
REVIEW<br />
Gems<br />
Gemmologists who changed the game:<br />
Bill Hicks<br />
William H (Bill) Hicks was a formidable<br />
driving force behind the publication and<br />
success of The Australian Gemmologist.<br />
Hicks was a gemmologist who, after completing<br />
his studies with the Gemmological Association<br />
of Australia (GAA), dedicated over a decade of<br />
his life to the development of The Australian<br />
Gemmologist.<br />
His professional background in the publishing<br />
industry, as a part of the third-generation<br />
publishing firm Hicks Smith & Son, made him<br />
an incredible asset to the editorial team. He<br />
was officially appointed editor of the publication<br />
in <strong>August</strong> of 1981 by the Melbourne-based<br />
editorial committee.<br />
"As our association is run on a voluntary basis,<br />
The Australian Gemmologist was indeed<br />
fortunate to be able to attract an experienced<br />
publisher of the calibre of Bill Hicks to act as<br />
its Editor", reflected Grahame Brown in the<br />
November 1993 edition of the publication.<br />
Hicks worked diligently over the next 12 years<br />
editing, re-writing papers by hand and preparing<br />
layouts. This was no small feat in a time before<br />
widespread computer processing, with the<br />
re-writing and editing of documents being<br />
completed by Hicks on his typewriter.<br />
In 1982, Hicks introduced selected colour<br />
printing throughout the publication as visual<br />
aids to support relevant articles. Previously,<br />
colour printing had been reserved solely for<br />
the cover.<br />
Hicks was dedicated to the improvement of<br />
the journal while also being pragmatic about<br />
decreasing the rising costs of publishing a<br />
comprehensive, quality journal. Under Hicks'<br />
guidance, by 1983, The Australian Gemmologist<br />
reported readership across 30 countries.<br />
Brown, who worked alongside Hicks,<br />
explained, “He unobtrusively yet positively<br />
guided our quarterly journal to its current<br />
status as a refereed scientific journal of<br />
gemmology of world standard.”<br />
His dedication to the journal was made<br />
possible by his wife, Rose Hicks, who<br />
assisted as secretary.<br />
Accounts of Bill Hicks preparing the journal for publishing from Athens and Florence is a testament to his unwavering<br />
dedication to The Australian Gemmologist.<br />
The couple loved to travel, though they never let<br />
this get in the way of publishing the journal.<br />
Accounts of Hicks preparing the journal for<br />
publishing from Athens and Florence is a<br />
testament to his unwavering dedication to<br />
the publication.<br />
Through his role as editor and involvement<br />
with the GAA, he made many friends in the<br />
field of gemmology, including Richard W<br />
Hughes and Eduard Gübelin, whom he met<br />
during his travels.<br />
After a brave battle with leukemia, Hicks<br />
died in November 1993, leaving behind<br />
his wife Rose and son Doug. A dedication<br />
from Brown was published in the May 1994<br />
edition of The Australian Gemmologist.<br />
“It is my belief that all members of the<br />
Gemmological Association of Australia owe<br />
Rose, and the late Bill Hicks, thanks (quite<br />
inadequate recognition) for the hours, days,<br />
weeks, and years of unselfish work, under<br />
mostly inconvenient conditions, they devoted<br />
to editing and publishing our journal; as well<br />
as raising the quality of its content to that of a<br />
journal of world standing”.<br />
In 1991, the GAA made Hicks an honorary<br />
life member in recognition of his significant<br />
contribution to the association and The<br />
Australian Gemmologist.<br />
After his death, the W.H. Hicks Prize was<br />
founded in his honour.<br />
The GAA Federal Council may award this prize<br />
annually or biennially to an author in Australia<br />
for the best paper published in The Australian<br />
Gemmologist.<br />
Voting for the award takes place by an<br />
independent selection panel appointed<br />
by the editor and editorial committee.<br />
It is due to the extraordinary efforts of Hicks<br />
that The Australian Gemmologist has become<br />
an internationally recognised gemmological<br />
publication of the highest standard.<br />
Teaghan Hall is a fine art graduate with a<br />
specialised interest in antique jewellery. She works<br />
in the antique jewellery trade and has written for<br />
various industry publications while studying with<br />
the Gemmological Association of Australia.<br />
For more information on gems and gemmology,<br />
visit www.gem.org.au<br />
<strong>August</strong> <strong>2024</strong> | 31
DESIGN<br />
Program Name: Timex 170 In-Store<br />
Regions:<br />
File Name: 5295_TX_MR_24_170-Instore_Window-sticker-large_MECH<br />
Designer:<br />
Trim Size: 15 in. x 12.2661 in.<br />
Colors used:<br />
4-Color Process<br />
PROJECT NUMBERS<br />
Part Number:<br />
Replaces Part Number:<br />
Dieline Number:<br />
CSR Number: N/A<br />
Design Notes:<br />
PRODUCTION<br />
Release to Production Date:<br />
Mech Release Date: April <strong>2024</strong><br />
Vendor/Contact:<br />
Mech Name: 5295_TX_MR_24_170-Instore_Window-sticker-large_MECH<br />
Production Size: 15 in. x 12.2661 in.<br />
File Format: CC2023<br />
Production Designer:<br />
ANNIVERSARY CELEBRATION<br />
A Time to Thrive<br />
Watchmaking is an industry that prides itself on heritage and<br />
tradition. SAMUEL ORD takes a closer look at a watch brand<br />
with a remarkable history.<br />
In a business as fiercely competitive<br />
as watchmaking, identity and brand<br />
perception are crucial to success.<br />
Consumers are searching for reliability. Timepieces<br />
are typically a significant investment, and consumers<br />
will happily spend more in exchange for the<br />
knowledge that this money has been well-spent.<br />
A clear identity affords consumers this confidence.<br />
It sets expectations so consumers know what<br />
products and services they are paying for. A<br />
compelling identity drives customer loyalty,<br />
encouraging repeat purchases and brand advocacy.<br />
These are important principles in the world of luxury<br />
watches and a reflection on the fascinating history<br />
of Timex highlights the many changes in identity a<br />
brand may experience.<br />
It's also important to note that just as many people<br />
experience an ‘identity crisis’ at one stage or another,<br />
so do brands.<br />
Sometimes, it’s a matter of trying to be ‘everything<br />
to everyone’. Pursuing new audiences and target<br />
markets is always admirable; however, the result<br />
is often mixed messaging. The worst-case scenario<br />
is that a new approach fails to capture the attention<br />
of new consumers while simultaneously alienating<br />
once-loyal fans.<br />
Other brands become too attached to fleeting<br />
trends, committing to a new value or style based<br />
on the latest flavour of the month. When the tide<br />
turns, as is so often the case in today’s digital age,<br />
these brands find themselves out of favour.<br />
The pitfalls of mixed messaging for brands are<br />
easy to understand. Looking at this topic from<br />
another angle, how does a brand find its identity?<br />
There are many factors to consider; however, what<br />
matters most are the traits that characterise the<br />
brand and its products and the factors that set it<br />
apart from competitors.<br />
Understanding who the<br />
brand serves guides<br />
messaging and product<br />
offerings, and reinforcing<br />
the brand’s history, values, and<br />
experiences forges an emotional<br />
connection with consumers.<br />
In other words, it’s a matter of identifying the<br />
brand’s unique characteristics and building around<br />
them. Finding the strengths — what truly attracts<br />
customers to these products — and making them<br />
the focal point.<br />
History and craftsmanship are often key ingredients<br />
in watch brands. Heritage creates a sense of prestige<br />
and authority that resonates with consumers.<br />
This year marks the 170th anniversary of Timex,<br />
and it’s a brand with a powerful story to tell.<br />
Good things take time<br />
Timex began in Connecticut in 1854 as the Waterbury<br />
Clock Company. Along with other manufacturers in<br />
the river valley, it produced inexpensive watches<br />
that could compete with luxury European models of<br />
the era.<br />
One of the company's significant early achievements<br />
was the introduction of the Yankee Pocket Watch,<br />
which sold for just $1 in 1901.<br />
The company solidified its position as the budgetfriendly<br />
option for timepieces, and it was often<br />
jokingly said that this was the “pocket watch that<br />
made the dollar famous.”<br />
These events shaped the company’s initial identity<br />
– affordable and high-quality watches for everyday<br />
men and women.<br />
In 1914, the First World War broke out in Europe,<br />
and wristwatches became an intriguing proposition.<br />
Before the early 1900s, wristwatches were viewed as<br />
jewellery and considered feminine – so they weren’t<br />
commonly worn by men.<br />
This perception changed because of the conflict.<br />
When a soldier needed to know the time, digging for<br />
a pocket watch was inconvenient. A women’s watch<br />
made by Ingersoll and Waterbury was modified to<br />
meet this sudden spike in demand.<br />
In 1933, Waterbury announced a new deal with<br />
Disney to produce Mickey Mouse watches and<br />
clocks. This quickly became the company’s first<br />
million-dollar line. Once again, the company’s<br />
identity was significantly altered.<br />
The company was renamed The United States<br />
Time Corporation in 1944. During the Second World<br />
War, it supplied precision timers for bomb fuses.<br />
During this era, the first limited run of the Timex<br />
label was used; however, it wouldn’t become a wellknown<br />
brand until 1950.<br />
During the 1950s, the brand renewed its focus<br />
on affordability. It was determined to be the<br />
cheapest watch on the market, supported by clever<br />
manufacturing techniques spurred on by wartime<br />
necessity.<br />
Timex became known as the “watch that takes<br />
a licking and keeps on ticking.” Marketing<br />
campaigns showed the watches being submitted to<br />
‘torture tests’ to highlight the product's durability.<br />
These campaigns were a success, and in the early<br />
1960s, it was said that every third watch sold in the<br />
US was a Timex. In 1969, the company officially<br />
changed its name to the Timex Corporation.<br />
These glory days would not last forever; however, the<br />
brand soon faced renewed challenges to its identity<br />
and public perception.<br />
Established as the<br />
Waterbury Clock<br />
Company<br />
First Dollar Pocket<br />
Watch<br />
First Wrist Watch<br />
Marlin Watch Survices<br />
the Lobster Test<br />
Made for Her<br />
Introducing Quartz<br />
Movement<br />
<strong>August</strong> <strong>2024</strong> | 32
In the early 1970s, the ‘Quartz Crisis’ revolutionised<br />
the watch industry. The arrival of inexpensive<br />
mechanical watches from Asia was a blow to Timex.<br />
After spending decades cementing a reputation for<br />
affordability, the brand was devastated by cheaper<br />
models with more reliable technology.<br />
With its identity undermined by overseas competitors,<br />
Timex eventually laid off thousands of employees. In<br />
search of a resurgence, the brand pivoted again —<br />
this time to sports.<br />
The release of the Ironman Triathlon watch<br />
was popular because it was innovative, reliable,<br />
and inexpensive.<br />
Over the coming decades, Timex would continue to<br />
innovate, developing proprietary technology such as<br />
Indiglo which was introduced into their timepieces in<br />
1992, and introduced the first smartwatch, the<br />
Timex Datalink in 1994 - paving the way for a<br />
whole new category of watches.<br />
Welcome to Australia<br />
Timex has been distributed in Australia by Designa<br />
Accessories for more than 20 years. It was already<br />
in the Australian market at this time, and with an<br />
expanding array of international brands to choose<br />
from, the charm of ‘affordability’ had been erased<br />
and replaced with harsher connotations.<br />
Many consumers viewed Timex products as the type<br />
of watch that belonged on the shelf of a discount<br />
chemist. It was a far cry from the prestige a brand<br />
with more than 170 years of history should demand.<br />
Designa Accessories general manager Ivan Meys<br />
says that he knew his work was cut out for him<br />
when the partnership began.<br />
“When we took on the brand, we knew that we<br />
were facing an uphill battle to change the brand's<br />
perception in the local market,” Meys reveals.<br />
“The first thing we focused on was elevating<br />
distribution. We wanted the right people to see the<br />
brand in the right places, so we focused on moving it<br />
into department stores and mainstream jewellers.”<br />
As mentioned, the brand had previously found<br />
success with the Ironman Triathalon watch, and<br />
in the years that followed, the focus remained on<br />
producing these athletic, sports-driven products.<br />
In the 2000s, that identity would once again<br />
be challenged, this time by the emergence<br />
of products such as Fitbit, Garmin, and other<br />
smartwatch options. Consumers were increasingly<br />
demanding more features in a small space, and<br />
Timex struggled to compete.<br />
“It was around that time that the decision was<br />
made to lead aggressively into the heritage<br />
side of the brand,” Meys says.<br />
“It took a few years to change course, and many<br />
difficult decisions had to be made. We needed to<br />
cease offering many of our best sellers because they<br />
weren’t offering consistent brand messaging.<br />
"This was difficult for many people<br />
to accept.”<br />
He continues: “Timex started to look<br />
back at their archives and retrieve<br />
some best-selling historical styles.<br />
It was about turning the<br />
focus to the kind of time-keeping<br />
and watchmaking expertise that<br />
has served the brand well for more<br />
than 150 years.”<br />
Back to the future<br />
For Timex, the mission was to identify<br />
the styles of yesterday that would<br />
define the products of tomorrow.<br />
These watches would secure the<br />
brand’s relevance because they<br />
had previously shown that they<br />
were capable of withstanding the<br />
test of time. Iconic franchises such<br />
as the Waterbury, Marlin, Q Timex, and Expedition<br />
North quickly became focal points of this new<br />
strategy because of their crucial roles in the<br />
brand’s history.<br />
The original Marlin watches first appeared in<br />
the 1950s and became a centrepiece of Timex’s<br />
collection during the 1960s. It’s common for most<br />
watch brands to change a few specific retails during<br />
a rerelease to appease the market's prevailing<br />
sentiments. Timex didn’t do this with the Marlin.<br />
“When discussing the brand's repositioning, it’s<br />
tough to look past the instrumental influence<br />
of the Marlin,” Meys explains.<br />
“It’s a 1960s archive re-release that has evolved<br />
into a product pillar for the brand. It’s got a<br />
remarkable vintage aesthetic, and it bridges the<br />
gap between the ultra-premium positioning that<br />
Timex is capable of and that commercial<br />
affordability that the business is renowned for.”<br />
The other model of particular interest was the<br />
Q Timex, which has many stylistic features<br />
reminiscent of the late 1970s and early 1980s.<br />
The product was named to signify the end of<br />
mechanical movement and the brand’s embrace<br />
of quartz. The reissue is a faithful rendition,<br />
maintaining the 'Q' below the 12 o'clock position,<br />
with an era-appropriate stainless-steel bracelet.<br />
It's an eye-catching piece with a diver-inspired style.<br />
“The Q Timex re-release is a very true representation<br />
of the original product, right down to the battery<br />
hatch of the back,” Meys says.<br />
“It’s got the aluminium bezel and the navy blue dial<br />
paired with a stainless steel bracelet and case, and it<br />
was successful right out of the gate.<br />
“It’s another example of how the style and design<br />
of these products has evolved to become a pillar of<br />
the brand.”<br />
Best is yet to come<br />
Over the past 170 years, Timex's brand identity<br />
has evolved to reflect the world around it. Now that<br />
the brand has settled on an image that reflects its<br />
colourful and extensive legacy of watchmaking,<br />
Meys is confident that Timex's resurgence in<br />
popularity is here to stay.<br />
“I really do think we’re at the tip of the iceberg for<br />
Timex,” Meys says.<br />
“With the correct segmentation and channel<br />
strategy, I’m confident we can offer an even<br />
broader collection than we do today.<br />
“The most important thing, in my opinion,<br />
is making sure that we have the right<br />
communication strategy and that we are<br />
telling the story of the brand effectively.<br />
"We need to be careful and not try to be<br />
everything to everyone all in one place.”<br />
The story began with the pocket watch, which<br />
brought ‘democracy to time’.<br />
During the First and Second World Wars, it was a<br />
reliable way for soldiers to tell the time in a pinch.<br />
As the global economy recovered during<br />
the post-war boom in the 1950s, Timex<br />
successfully reinvented itself as the world’s<br />
most affordable timepiece.<br />
These advances were erased during the 1970s<br />
and 1980s, with the Quartz Crisis forcing the<br />
company to reinvent itself again.<br />
Now, with smartwatches dominating that market,<br />
Timex has finally settled on a truly unique identity –<br />
a brand not defined by external forces but by its<br />
own 170 years of history.<br />
It’s an important reminder that in a world where<br />
you can be anything, you should always choose to<br />
be yourself.<br />
First Sport Watch<br />
Made Time Glow in<br />
the Dark<br />
Shot into Space Designed in Milan Brought Watchmaking<br />
Back Home<br />
Entered the Metaverse<br />
First Circular Watch<br />
Program<br />
<strong>August</strong> <strong>2024</strong> | 33
BALLET<br />
Since 1962, Duraflex Group Australia have been proudly distributing international<br />
jewellery and watch brands. (02) 9417 0177 | www.dgau.com.au
MARKETING FEATURE<br />
Watching the Stars<br />
RICHARD MILLE<br />
RAFAEL NADAL<br />
How much influence do trendsetters have on consumer purchasing patterns<br />
regarding jewellery and watches? SAMUEL ORD explores the effectiveness<br />
of watch brand marketing using celebrities.
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FEATURE | WATCH SALES & STAR POWER<br />
I<br />
t’s easy to understand why consumer<br />
brands use celebrity endorsement as a<br />
marketing strategy.<br />
While it’s nothing new, jewellery and watch<br />
brands are increasingly pursuing collaborations<br />
with famous people.<br />
Celebrities and trendsetters – whether they<br />
be actors, musicians, athletes or otherwise<br />
– often had a far-reaching fan base and<br />
established media presence.<br />
By associating a particular jewellery or watch<br />
brand with that celebrity, the hope is that<br />
increased exposure and visibility among those<br />
fans or followers will translate to sales.<br />
An association with a respected or admired<br />
trendsetter can elevate a brand’s value and<br />
desirability among consumers. It’s an implicit<br />
endorsement and a promise to the consumer.<br />
They are told that because a person they<br />
admire trusts this brand’s quality, style, and<br />
craftsmanship, so should the consumer.<br />
Arguably, the most critical factor in these<br />
partnerships is the penetration of new markets.<br />
Celebrities with global appeal and fans from<br />
diverse corners can introduce previously<br />
unknown brands to a worldwide audience of<br />
potential consumers.<br />
With that said, does celebrity endorsement<br />
always work and is it wise?<br />
<strong>Jeweller</strong> set out to answer this question by<br />
asking jewellery retailers and designers if<br />
they feel that these endorsements impact the<br />
purchasing habits of their customers.<br />
ROLEX<br />
PAUL NEWMAN<br />
Unsurprisingly, the results were as fascinating<br />
as they were mixed.<br />
Many jewellers passionately argued in favour<br />
of this marketing strategy, suggesting they<br />
tapped into consumers' innate desire to<br />
follow in the footsteps of those they admire.<br />
" Celebrities with global appeal<br />
and fans from diverse corners can<br />
introduce previously unknown<br />
brands to a worldwide audience of<br />
potential consumers. With that said,<br />
does celebrity endorsement always<br />
work and is it wise? "<br />
Others were less accepting of convention and<br />
felt that serious questions had to be asked<br />
about the effectiveness of this approach.<br />
Many contributors felt that modern consumers<br />
have such a refined sense of self and personal<br />
taste that they are simply less susceptible to this<br />
method of advertising.<br />
While they may ‘borrow’ looks here and there<br />
from certain trendsetters, at the end of the day,<br />
they still want to look unique.<br />
Personalisation is, of course, a common talking<br />
point in the jewellery industry today. Another<br />
issue raised was the gulf between ‘red carpet’<br />
jewellery and those sold in Australian stores.<br />
Namely, while consumers may admire these<br />
figures and wish to emulate their appearance,<br />
the jewellery celebrities wear is often worth<br />
thousands, if not millions, of dollars.<br />
Said another way, consumers may desire<br />
this jewellery; however, they can’t afford it.<br />
This raises an intriguing question: Do the<br />
same arguments arise concerning celebrity<br />
endorsements of watch brands?<br />
Pillar of the industry<br />
TAG HEUER<br />
STEVE MCQUEEN<br />
The watch industry has been blessed with many<br />
iconic partnerships between famous figures and<br />
brands throughout history.<br />
The relationship between Paul Newman and<br />
Rolex requires little explanation. The Rolex<br />
Daytona ‘Paul Newman’ is one of the most<br />
iconic and sought watches, named after the<br />
legendary actor and racer.<br />
Newman, an actor and racing car enthusiast,<br />
was gifted a Rolex Daytona reference 6239 by<br />
his wife, Joanne Woodward, in the late 1960s.<br />
This model had a distinctive dial design.<br />
The Rolex Daytona gained immense popularity<br />
among collectors due to Newman wearing<br />
it regularly on and off the silver screen.<br />
His association with the watch contributed<br />
significantly to its iconic status.<br />
Steve McQueen has also been instrumental in<br />
promoting the watch industry.<br />
TAG Heuer's Monaco watch gained fame after<br />
Steve McQueen wore it in the 1971 film Le Mans,<br />
leading to a lasting association.<br />
<strong>August</strong> <strong>2024</strong> | 37
FEATURE | WATCH SALES & STAR POWER<br />
WORDPLAY<br />
Definition Rundown<br />
» Celebrity Endorsement: A marketing<br />
strategy that uses a celebrity's fame and<br />
image to promote a brand or product.<br />
» Brand Collaboration: A mutually beneficial<br />
partnership between two or more businesses<br />
that work together to create an experience,<br />
product or service to achieve a common goal.<br />
» Brand Ambassador: A person who represents<br />
and advertises a company, supports its offers<br />
and acts as the embodiment of the company's<br />
corporate identity through words and actions.<br />
» Influencer: Someone who works with a<br />
brand short-term and may not have used a<br />
brand's products prior to marketing them.<br />
» Key Distinctions: Brand Ambassadors have<br />
established relationships with the brand or<br />
business they are promoting. Influencers are<br />
chosen for their direct audience reach.<br />
OMEGA<br />
DANIEL CRAIG<br />
The distinctive square-shaped case and<br />
blue dial of the Monaco became instantly<br />
recognisable, in large part due to its appearance<br />
on McQueen's wrist.<br />
Even after McQueen's passing in 1980, the<br />
popularity of the TAG Heuer Monaco has<br />
continued. TAG Heuer frequently celebrates<br />
this association through special editions and<br />
campaigns that pay tribute to McQueen and<br />
the Monaco.<br />
Few watch brands can say they’re the official<br />
timepiece of the world’s most famous spy.<br />
Omega has been able to make this bold claim<br />
since 1995, when Pierce Brosnan, playing James<br />
Bond in Goldeneye, wore the Omega Seamaster<br />
Professional Diver 300M.<br />
Following the film's success, Omega and the<br />
James Bond franchise established a partnership.<br />
The brand became the official watch of James<br />
Bond films.<br />
It’s difficult to question the success of these<br />
campaigns; however, have contemporary<br />
variations of these projects been a triumph?<br />
Reaching consumers through the media,<br />
global audiences have been bombarded with<br />
celebrity endorsements in recent years. Have<br />
they been effective?<br />
Industry analyst Jamie Weiss of Time and Time<br />
says that the specifics of the product and target<br />
audience are crucial.<br />
“It depends on the brand and it depends on the<br />
influencer. There’s no doubt in my mind that<br />
some watch brands have benefitted massively<br />
from savvy relationships - Tudor and David<br />
Beckham or IWC with Lewis Hamilton spring to<br />
mind,” Weiss explains.<br />
“Celebrities have influenced the watch world<br />
for a long time. The reason the now-iconic ‘Paul<br />
Newman’ Daytona is so expensive at auction is<br />
because of its connection to someone famous,<br />
not the craft or level of watchmaking involved in<br />
its production.”<br />
" Some customers view celebrity<br />
endorsements as inauthentic<br />
because it’s clear the trendsetter<br />
is paid to support the brand. This<br />
financial motivation calls into<br />
question how much the person<br />
genuinely likes them. "<br />
That said, Weiss says that it’s not a simple<br />
process for watch brands. In other words,<br />
celebrities aren’t a shortcut to credibility with<br />
consumers.<br />
Some customers view celebrity endorsements<br />
as inauthentic because it’s clear the trendsetter<br />
is being paid to support the brand. This<br />
financial motivation to support the products<br />
calls into question how much the person<br />
genuinely likes them.<br />
Others have concerns about overcommercialisation.<br />
When celebrities endorse too many brands and<br />
products, it can dilute the impact of their voice.<br />
If the ambassador’s image or behaviour<br />
conflicts with the brand's supposed identity<br />
or the consumer's values, it can create a<br />
negative perception.<br />
Finally, some consumers value independent<br />
decision-making and don’t want to feel like<br />
they’re being herded to products like sheep,<br />
with the trendsetter playing the role of a<br />
well-fed farm dog.<br />
“Some enthusiasts are extremely turned off by<br />
overt celebrity or influencer endorsements,”<br />
Weiss explains.<br />
“It’s a classic marketing conundrum: influencers<br />
might help attract a new audience to watches;<br />
however, they also alienate established<br />
enthusiasts.”<br />
Change in the air<br />
Over the past decade, endorsements<br />
between celebrities and watch brands<br />
appear to have increased.<br />
Notable examples include the collaboration<br />
between Omega and actor George Clooney, who<br />
has worn the brand publicly for many years.<br />
Tennis legend Roger Federer collaborated with<br />
Rolex to create special editions, while rival<br />
Rafael Nadal has endorsed Richard Mille.<br />
38 | <strong>August</strong> <strong>2024</strong>
BALLET<br />
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distributing international jewellery and watch brands.<br />
Since 1962,<br />
(02)<br />
Duraflex<br />
9417<br />
Group<br />
0177 |<br />
Australia<br />
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FEATURE | WATCH SALES & STAR POWER<br />
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While the association between watch brands and<br />
tennis is long-standing, these companies have<br />
also branched out and forged connections in<br />
new markets.<br />
Hublot, a luxury Swiss watchmaker, has a notable<br />
partnership with Usain Bolt, the legendary<br />
Jamaican sprinter. NBA icon LeBron James<br />
partnered with Audemars Piguet in 2011.<br />
In terms of actors, Bradley Cooper is associated<br />
with IWC Schaffhausen and is often seen wearing<br />
the brand at significant events. TAG Heuer<br />
partnered with Cara Delevingne and Bulgari<br />
with Bella Hadid.<br />
Frank Geelen of Monochrome Watches says that<br />
the success of each project in raising the profile<br />
of these brands should be judged on a case-bycase<br />
basis.<br />
“While watch collaborations ‘can’ from time to<br />
time create more visibility for brands, reaching<br />
an audience surrounding the personality<br />
collaborating with them,” he tells <strong>Jeweller</strong>.<br />
“With that said, these brands remain interesting<br />
to an audience that is [already] interested in<br />
watches to start with. I don’t think collaborations<br />
with influencers and celebrities are able to<br />
properly attract people that have no experience<br />
with or interest in watches to start with.”<br />
Geelen predicts that watch brands will move<br />
away from this strategy moving forward.<br />
“In 2023, we've seen a lot of different<br />
collaborations, both with celebrities as well<br />
as with influencers or media, and I think<br />
that collaborations with influencers and<br />
media will slow down.”<br />
Nick Hall of Man of Many was interested in this<br />
topic.<br />
He suggests that these collaborations say more<br />
about modern consumers than they do about the<br />
direction of watch brands.<br />
“In my opinion, collaborations with influencers<br />
probably say less about watch brands and more<br />
about the evolution of celebrity in the age of<br />
social media,” he explains.<br />
“We're certainly seeing more watch brands<br />
collaborate with influencers on bespoke pieces<br />
in recent years, similar to how sneaker brands<br />
leverage celebrity appeal; however, it's yet to<br />
fully take hold.<br />
“Most collaborative releases have been wellthought<br />
and implemented by people who really<br />
know and appreciate the art of watchmaking.”<br />
Dreams of the yesterday’s glory<br />
The legacy status of Rolex and TAG Heuer,<br />
aided by Newman and McQueen, is<br />
undoubtedly the envy of the watch world.<br />
It’s almost like the ‘passive income’ of the<br />
marketing discipline. Interest and consumer<br />
excitement continue to flood in for products<br />
based on an initial investment decades ago<br />
– with little acceleration required outside of<br />
the occasional special release or promotional<br />
campaign.<br />
That said, achieving that ‘legendary’ status<br />
of these brands and products is appearing<br />
increasingly unattainable in a retail market<br />
driven by consumers with decreasing attention<br />
spans.<br />
40 | <strong>August</strong> <strong>2024</strong>
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FEATURE | WATCH SALES & STAR POWER<br />
HUBLOT<br />
USAIN BOLT<br />
It’s long been argued that the modern world is increasingly ‘fleeting’.<br />
The rapid evolution of trends, the lightning-fast ‘coming and going’<br />
or what’s hot and what’s not, makes it difficult for watch brands to<br />
ascertain the ‘legacy’ status that the likes of Rolex and TAG Heuer<br />
have long enjoyed.<br />
“I'm not sure which influencers are being used to push these<br />
collaborations, as I generally avoid social media like that. What I<br />
can say is this sort of promotion is as fleeting as the fame of the<br />
respective influencers,” argues Shane Griffin of Worn and Wound.<br />
“Modern watches can't achieve the status of a Newman Daytona or<br />
a Steve McQueen Monaco. This is because the nature of ‘celebrity’<br />
today is vastly different from the 1960s, 1970s, and 1980s and<br />
because modern mechanical watches are purely luxury items now.<br />
“It's just not the same.”<br />
Griffin suggests that Newman and McQueen wore those specific<br />
products because they were practical while performing the types<br />
of stunts and scenes for which those actors are well-known.<br />
In other words, the types of watches available to Newman and<br />
McQueen for these scenes were limited at the time. Today, practical<br />
‘all-terrain’ watches are widely available and thus<br />
lack a unique appeal.<br />
“They needed the best tools available. If G-Shocks or Suuntos were<br />
around back then, I'd imagine they'd have worn them instead,” he jokes.<br />
“All of that is to say, no, I don't think the popularity of a watch is<br />
greatly impacted by influencers.”<br />
Making the right decision<br />
Ariel Adams of ABlogToWatch introduced an interesting alternative<br />
perspective to this discussion. He suggested that these marketing<br />
exercises keep watch brands grounded and connected with the market.<br />
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LAB<br />
DIAMONDS<br />
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Since 1962, Duraflex Group Australia have been proudly distributing international<br />
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FEATURE | WATCH SALES & STAR POWER<br />
WHEN A<br />
CLASSIC<br />
MEETS A<br />
CLASSIC<br />
AUDEMARS PIGUET<br />
LEBRON JAMES<br />
Well-established watch brands are notoriously resistant to change,<br />
and he argues that working on these types of projects helps these<br />
brands create products consumers desire.<br />
"Collaborations are popular because, when done well, they result in<br />
a watch at least one actual person wants,” he says.<br />
“When one person really wants it, usually others do as well. This is<br />
in contrast to watches designed by committee - that no single real<br />
person actually wants. Collaborations are really just what a watch<br />
design should be.”<br />
Neo<br />
For retailers considering a new watch brand for their store, evaluating<br />
an endorsement's ‘authenticity’ is complicated but crucial.<br />
As mentioned, customers are sensitive to celebrity endorsements<br />
and can view them as insincere or driven by financial gain rather<br />
than genuine enthusiasm for the product. This perception can erode<br />
the celebrity and brand's trust and credibility.<br />
" Well-established watch brands are<br />
notoriously resistant to change."<br />
Endorsements may also overshadow the quality and features of the<br />
product. Customers might focus more on the celebrity's image than<br />
the product's benefits, leading to scepticism about its value.<br />
Finally, retailers should be cautious of any brand that is endorsed<br />
by a 'controversial' public figure. If a trendsetter becomes engulfed<br />
by negative publicity, it can reflect poorly on the brands they’ve<br />
supported.<br />
For an example, look no further than the relationship between<br />
Kanye West and Adidas.<br />
The musician worked closely with the brand for nearly a decade;<br />
however, after several bitter public disagreements, the relationship<br />
turned sour.<br />
(02) 9417 0177 | dgau.com.au
FEATURE | WATCH SALES & STAR POWER<br />
TAG HEUER<br />
CARA DELEVINGNE<br />
In a matter of weeks, West went from an ardent supporter of<br />
Adidas to a vocal opponent – and he had a global audience of<br />
millions hearing his every complaint.<br />
This can lead to a loss of trust and credibility among consumers<br />
who associate the brand with the celebrity.<br />
“It might sound trite, but for it to work properly, the influencer or<br />
celebrity needs to genuinely care about the product,” suggests Weiss.<br />
“For instance, Ryan Gosling has been an effective ambassador for<br />
TAG Heuer as he’s a genuine watch lover who’s angled to get TAG<br />
Heuers on screen with him in novel ways.<br />
“This includes him triple-flexing vintage TAG Heuers as Ken in Barbie.”<br />
Indeed, marketing projects between celebrities and watch<br />
brands begin with lofty ambitions. It’s a plan to capitalise on<br />
the expansive reach and cultural impact of these figures to<br />
elevate the desirability of a brand among consumers.<br />
The effectiveness of these projects remains up for debate.<br />
While some will happily argue that brand recognition increases<br />
following celebrity endorsement, others suggest that perceived<br />
insincerity and over-commercialisation have the opposite impact.<br />
Modern consumers say they value independent decision-making<br />
and personalisation; however, contradictions between stated<br />
beliefs and purchasing decisions are as common as the sun's<br />
rising and setting.<br />
The evolving landscape of influencer marketing in the watch industry<br />
requires a nuanced approach, and retailers must follow suit.<br />
Authenticity and brand alignment are crucial to gaining and<br />
maintaining consumer trust.<br />
The success of future collaborations rests on their ability to<br />
resonate with global audiences while navigating the complexity<br />
surrounding celebrity culture in the modern age.<br />
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FAMOUS DIAMONDS FEATURE<br />
Stones that Rocked the World<br />
M<br />
any legendary diamonds have<br />
become lost to history, either by<br />
being re-cut or, in some cases,<br />
simply disappearing without a trace.<br />
Even though many of these famous diamonds<br />
no longer exist, sufficient detailed technical<br />
and scientific data was produced at the time<br />
to allow accurate assessments of each stone.<br />
These detailed records enable experts to<br />
conduct precise evaluations of each<br />
diamond, assessing unique characteristics,<br />
such as cut, colour, and clarity.<br />
This trove of data provides a window into<br />
the historical context and significance of<br />
these stones, offering insight into their<br />
origins, ownership, and cultural impact<br />
over centuries.<br />
These stories have continued to captivate<br />
the imagination of collectors and historians<br />
alike, creating an enduring legacy in<br />
the world of jewellery and beyond.<br />
Among those enamoured with these stones<br />
is Scott Sucher, who first became fascinated<br />
with diamonds at 14.<br />
Sucher, a retired US Air Force pilot, has<br />
continued his research on the world’s<br />
most iconic diamonds to the extent that<br />
he has created a collection of near-perfect<br />
replicas. He points out that his replicas<br />
are not mere representations or imitations!<br />
This distinction is crucial; while a representation<br />
is a ‘stand-in’ for its authentic counterpart,<br />
it is not necessarily accurate.<br />
A replica precisely recreates the size, shape,<br />
and colour of the original.<br />
This is something especially relevant to<br />
diamonds such as these because so few<br />
people are familiar with the originals.<br />
Koh-i-Noor & The Hope Diamond<br />
While the replicas have been recreated<br />
in cubic zirconia, the stone’s full beauty,<br />
magnificence, and uniqueness can still be<br />
appreciated as they are as close as possible<br />
to the original stone.<br />
For example, the most famous diamond<br />
in the collection, the Koh-i-Noor, has been<br />
replicated from a plaster model made<br />
in 1851 before the original stone was cut<br />
into its current form.<br />
And that’s where this story gets an<br />
important connection with Australia,<br />
beginning with a local jewellery retailer.<br />
The Koh-i-Noor is not only famous because<br />
of its size but also because of its history.<br />
Tens of thousands of people died fighting for<br />
the 189-carat diamond before it was eventually<br />
handed to the Queen of England in 1850.<br />
There, it was immediately cast in plaster twice,<br />
and just as well; the diamond was re-cut soon<br />
afterwards.<br />
In 2006, after lengthy negotiation, Sucher<br />
obtained permission from the Natural History<br />
Museum of London to have one of the two<br />
original 1850 plaster casts of the Koh-i-Noor<br />
shipped to Antwerp to be scanned to produce<br />
a perfect replica.<br />
The scanner, essentially a black-and-white<br />
camera with a parallel light source, captures<br />
hundreds of rotating images. These images<br />
are then used to construct a 3D .stl model,<br />
providing a comprehensive view of the object.<br />
More than 700 photographs were taken<br />
before the plaster model was shipped<br />
to Belgium to be X-rayed and laser-scanned<br />
so that replicas of both Koh-i-Noor’s original<br />
and modern forms could be produced.<br />
After the plaster mould was delicately<br />
scanned in Antwerp, the computer data<br />
had to be ‘converted’ to a usable format<br />
to re-create the stone.<br />
At this point, Melbourne jewellery retailer and<br />
diamond expert Garry Holloway then worked<br />
closely with Sucher using diamond-cutting<br />
software that could accurately position the<br />
facets on a 3D model of the Koh-i-Noor.<br />
This process alone took Holloway, a self-confessed<br />
‘diamond cut nut’, four months to complete to<br />
provide Sucher with the accurate data needed.<br />
Sucher then spent nearly 100 hours precisely<br />
cutting two replicas of the Koh-i-Noor: one is<br />
now on display at the Natural History Museum of<br />
London, and the other he kept for his collection.<br />
47 | <strong>August</strong> <strong>2024</strong>
FEATURE | The World's Most Famous Diamonds<br />
CULLINAN I<br />
THE HOPE DIAMOND<br />
KOH-I-NOOR<br />
Colourless 530-carat diamond<br />
discovered in the Premier<br />
Mine, South Africa in 1905.<br />
A 45-carat fancy dark<br />
grey-blue diamond cut<br />
in the early 1800s.<br />
Colourless diamond cut from<br />
189 carats to 108. Discovered<br />
in India, as early as the 1300s.<br />
Because of this scientific and detailed work,<br />
the collection can be described as replicas<br />
rather than imitations. They mirror the original<br />
stone in every way possible.<br />
Sucher’s replica of The Hope Diamond is the<br />
result of research undertaken alongside the<br />
Discovery Channel, when it produced the<br />
documentary Unsolved History: The Hope<br />
Diamond, which aired in February 2005.<br />
To assist, the Smithsonian Institute granted<br />
direct access to the unset diamond so that<br />
more than 150 photographs could be taken<br />
and analysed to reproduce the stone.<br />
The documentary gave Sucher a chance<br />
to handle The Hope Diamond, as well<br />
as the 31-carat Blue Heart diamond and<br />
a 234-diamond necklace that Napoleon<br />
gave to his second wife, Marie-Louise.<br />
Dresden Green<br />
For those interested in diamonds with colour,<br />
the Dresden Green, of mysterious origin,<br />
is of particular note.<br />
It gained historical prominence when its<br />
remarkable emerald green colour captured the<br />
attention of King George I.<br />
Originally likely more than 100 carats in<br />
rough form, it is a unique diamond due to<br />
its rare green hue, which is caused by<br />
natural exposure to radioactive elements.<br />
Acquired in 1741 by Frederick <strong>August</strong>us II<br />
of Saxony, the diamond was set into the<br />
Decoration of the Golden Fleece and later<br />
reworked into various pieces of jewellery<br />
over the centuries.<br />
Safeguarded during the Seven Years War<br />
and World War II, it survived Allied bombings<br />
and a temporary relocation to Moscow before<br />
returning to Dresden in 1958.<br />
Named after Dresden, which has been<br />
prominently displayed at the Green Vault<br />
in the Albertinium Museum for much of<br />
the past two centuries, this rare diamond<br />
has also travelled to the Soviet Union<br />
post-World War II and briefly to the<br />
Smithsonian Institution in 2000.<br />
The Gemological Institute of America<br />
examined the Dresden Green in 1988.<br />
It confirmed it to be a high-quality Type IIa<br />
diamond with exceptional clarity and polish<br />
— a rarity for diamonds cut before 1741.<br />
Its historical significance have positioned the<br />
Dresden Green alongside the famous Hope<br />
Diamond, both notable for their size,<br />
intense colour, and cultural impact.<br />
TAVERNIER BLUE<br />
Blue diamond weighing 115 carats<br />
unearthed in India in 1610.<br />
Tiffany Yellow<br />
In the rough, the Tiffany Yellow was a<br />
canary-yellow octahedron weighing<br />
287.42 carats found at either the De Beers<br />
or Kimberly mines in South Africa in 1877.<br />
The origins of the diamond remain a mystery,<br />
though one account suggests it was discovered<br />
in the mines of the Compagnie Français de<br />
Diamant du Cap, known as the French Company.<br />
It was sent to Paris, where it underwent a year<br />
of study before being meticulously cut in 1878<br />
by George F. Kunz into a 128.54-carat<br />
cushion-cut brilliant stone.<br />
Acquired by Tiffany and Co. in 1879 for $18,000,<br />
the diamond initially received little fanfare<br />
until Chinese Viceroy Li Hung-Chang<br />
requested a viewing in New York in 1896.<br />
It has since been exhibited extensively,<br />
including at the Chicago Columbian Exposition<br />
(1893) and the World's Fair (1939) and was<br />
worn publicly at the Tiffany Ball in 1957.<br />
Offered for sale twice, the Tiffany Yellow<br />
caused controversy among company board<br />
members in 1951 and was later advertised<br />
for $5 million in 1972.<br />
Its unique cut, featuring 90 facets and<br />
a stepped crown, remains a subject of<br />
intrigue and debate among gemmologists.<br />
The diamond has never been formally<br />
examined by a gemmological organisation,<br />
leaving questions about its precise clarity<br />
and unique features unanswered.<br />
Black Orlov<br />
The myths surrounding many of these stones<br />
attracted great interest. According to legend, the<br />
67.50-carat, cushion-cut Black Orlov is said to<br />
have taken its name from a Russian Princess.<br />
48 | <strong>August</strong> <strong>2024</strong>
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FEATURE | The World's Most Famous Diamonds<br />
TIFFANY YELLOW<br />
DRESDEN GREEN<br />
BLACK ORLOV<br />
A canary yellow diamond<br />
weighing 128 carats sourced<br />
from South Africa in 1878.<br />
A green diamond weighing<br />
40 carats, discovered in<br />
the early 1700s.<br />
Black diamond weighing 67<br />
carats discovered in India in<br />
the early 1800s.<br />
Unfortunately, this story appears to be fictional<br />
because of a lack of historical evidence of<br />
a Russian princess named Nadia Vyegin-Orlov,<br />
or the existence of notable black diamonds<br />
originating from India.<br />
Often described as a deep gunmetal hue rather<br />
than true black, the diamond has remained<br />
cloaked in mystery throughout its history.<br />
It’s been suggested that the Black Orlov<br />
was once known as the Eye of Brahma, a<br />
195-carat uncut stone set in a Hindu idol in<br />
Pondicherry, India, before being stolen.<br />
While the use of a black diamond in a Hindu<br />
idol has been questioned due to its association<br />
with bad luck, idols traditionally feature eyes<br />
symbolising the sun and moon, which lends<br />
some credence to the tale.<br />
What is known is that the Black Orlov came<br />
into the possession of Charles F. Winson,<br />
a dealer in New York City, who valued it at<br />
$150,000 in the early 1950s.He showcased<br />
it at the State Fair of Texas in 1964 before<br />
selling it for $300,000 in 1969.<br />
Subsequently, the diamond changed hands<br />
again in 1990 for $99,000 and was later<br />
auctioned by Christie's in October 2006,<br />
where it was incorporated into a diamond<br />
and platinum necklace and sold for $352,000.<br />
The Great Mogul<br />
According to French diamond merchant and<br />
explorer Jean Baptiste Tavernier, The Great Mogul<br />
was discovered around 1550 in the Gani mine<br />
(India) and weighed 780 carats in the rough.<br />
Tavernier, the first European to lay eyes on<br />
The Great Mogul and the imperial treasury,<br />
noted Emperor Aurangzeb's possession<br />
of the diamond during Louis XIV's era.<br />
Aurangzeb sent the stone to Venice for cutting<br />
by Hortensio Borgis, resulting in a final shape<br />
described by Tavernier as resembling<br />
"an egg cut in half." It boasts nearly 300<br />
facets and weighs approximately 280 carats.<br />
Historians speculate that this diamond later<br />
became the Orlov diamond, currently<br />
housed in the Russian Diamond Fund.<br />
The transformation from its original 780-carat<br />
rough form, marred by flaws, to its reduced size<br />
displeased the emperor.<br />
Refusing payment, Emperor Aurangzeb had the<br />
cutter severely punished, leading to his ruin.<br />
Tavernier's account in the mid-1600s stands as the<br />
primary historical record of this extraordinary gem.<br />
Although The Great Mogul diamond likely<br />
disappeared from history following the sack of<br />
Delhi in 1739, it continues to intrigue scholars.<br />
THE GREAT MOGUL<br />
The striking resemblance of the Orlov diamond,<br />
also featuring the 'egg cut in half' shape and<br />
weighing around 190 carats, suggests a connection<br />
between these two diamonds, reflecting a shared<br />
history and unique cut.<br />
Opportunity not to be missed<br />
Through exhaustive research of historical<br />
records and the participation of organisations<br />
such as the Smithsonian Institute, the Royal<br />
Ontario Museum, the Natural History Museum<br />
and Tower of London, and the Coster and<br />
Asscher diamond houses in Amsterdam, many<br />
of these stones have been retrieved from the<br />
dustbin of history and immortalised as highquality,<br />
historically accurate replicas.<br />
The small town of Tijeras, New Mexico – with<br />
a population of around 500 – is not where you<br />
would expect some of the world’s most important<br />
diamond research to have been completed.<br />
Sucher continues his work on a 15-acre property<br />
- complete with mountain lions, wild bears and<br />
coyotes - in partnership with many other experts<br />
and museums in the field.<br />
The 40-stone collection of the World Famous<br />
Diamonds is being brought to Australia by<br />
Expertise Events. It will feature in a specialpurpose<br />
display at the upcoming International<br />
<strong>Jeweller</strong>y Fair in Sydney on 17–19 <strong>August</strong>.<br />
At the show, Sucher will also speak about the<br />
World Famous Diamonds and other related<br />
gemstone topics.<br />
SCAN TO READ MORE<br />
ABOUT EACH OF THE<br />
FAMOUS DIAMONDS<br />
THAT WILL BE ON DISPLAY<br />
50 | <strong>August</strong> <strong>2024</strong>
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<strong>August</strong> <strong>2024</strong> | 51
We Are Here For You
FEATURE<br />
History of Diamond Cutting<br />
Skills, practices, and traditions can be pushed aside and even forgotten as<br />
technology changes every aspect of our daily lives. SCOTT SUCHER says to<br />
spare a thought for the first diamond cutters who created an entire industry.<br />
Diamonds have been known to<br />
man for at least 3000 years<br />
and possibly longer.<br />
For hundreds of years, the stone’s hardness and<br />
rarity made it challenging to use in anything other<br />
than its natural form, as pulled from river gravels.<br />
It wasn’t until the 1200s that diamonds began<br />
to be cut using diamond dust, oil, and a steel<br />
plate. Stones could then have a more finished<br />
appearance; however, they still lacked the<br />
brilliance, dispersion, and scintillation<br />
we know today.<br />
Over the following 700 years, technology,<br />
optics, and trade-affected diamond cutting<br />
became more complex.<br />
In the early 1900s, Marcel Tolkowsky quantified<br />
how diamonds should be cut mathematically<br />
and the proper proportions that would<br />
feature a stone’s maximum brilliance.<br />
It is now commonplace for diamonds to be cut<br />
using the latest computer-controlled,<br />
fully automated machinery.<br />
They can be graded using equipment that<br />
evaluates the perfection of the cut, from<br />
‘Hearts and Arrows’ to the latest laser<br />
scanners that show angles and index settings.<br />
Today, even the grading criteria have been<br />
developed to unheard of levels even<br />
a few years ago.<br />
Modern cut diamonds are evaluated using<br />
these new technologies to benefit the<br />
modern consumer.<br />
With that said, what can we make of a chance<br />
encounter with a historic point-cut diamond<br />
or any of the other cuts leading up to the<br />
round brilliant?<br />
Would you be the type to evaluate an ‘old cut’<br />
diamond against modern criteria, dismissing<br />
it as a poorly cut stone and only worthy<br />
of re-cutting?<br />
Alternatively, would you be able to appreciate<br />
the efforts of an artisan and his assistants,<br />
toiling for years over a small rotating wheel<br />
in a dimly lit workshop, attempting to create<br />
an object of beauty out of an extraordinary<br />
piece of river gravel?<br />
Only by understanding the evolution of the<br />
different diamond cuts and the challenges<br />
and difficulties others had in creating these<br />
old stones can their true beauty and worth<br />
be realised.<br />
The journey begins<br />
The first industrial use of diamonds was<br />
recorded by the discovery of a sapphire bead<br />
accurately dating back to 1000 B.C.<br />
This would have been created using a diamond<br />
drill, where two small diamonds were attached<br />
to a wooden rod, probably using pitch or resin,<br />
then rotated using a string bow and pressed<br />
against the bead blank.<br />
Diamonds were first mentioned in historical<br />
texts as early as around 400 B.C.; however,<br />
some scholars think it was much earlier.<br />
Regardless of written texts, the earliest<br />
piece of diamond jewellery that still exists<br />
is a small octahedral crystal set in a<br />
first-century Roman ring.<br />
The first historical diamond deposits were located<br />
in India. Stones larger than 10 carats or a perfect<br />
crystal of any size were considered the property<br />
of the local Maharajah.<br />
It was rare for any diamond to make it into the<br />
local market, and even if they did, they were<br />
probably smuggled and too small for<br />
the Maharajah to be concerned with.<br />
It is recorded that when caught, violators<br />
were put to death by being tied to a stake<br />
and attacked by large half-starved dogs.<br />
Diamonds were known to the Romans;<br />
however, as gemstones, they were so rare<br />
that they couldn’t develop much of a<br />
following throughout most of Europe.<br />
There wasn’t a sufficient enough supply to<br />
make them that well-known or treasured.<br />
Not only were diamonds scarce, they were<br />
also so hard that they couldn’t easily be<br />
shaped. This gave them a mythical<br />
property of being indestructible.<br />
Imagine a person from that era observing<br />
a small octahedral crystal, flawlessly shaped<br />
and naturally polished, radiantly beautiful<br />
as it catches the light in a mesmerising<br />
manner, aware that its form cannot be altered.<br />
No wonder they were held in such high esteem!<br />
First Cuts: Crucial Discovery<br />
Early European writings alluding to diamonds<br />
were inventories created in the early 1200s.<br />
They described diamonds as found in their<br />
natural shape and placed in a setting; the art<br />
and science of diamond cutting had yet to be<br />
developed.<br />
Unlike other gemstones, it was too hard to<br />
fashion, as nothing could be used to grind,<br />
shape, and polish it.<br />
Somewhere between 1280 and 1310, inventories<br />
showed diamonds that were ‘made’ or altered<br />
from their original crystal form instead of<br />
‘unmade’ stones in their natural state.<br />
This indicates that someone finally discovered<br />
that the only way to grind a diamond was with<br />
another diamond.<br />
53 | <strong>August</strong> <strong>2024</strong>
Romancing the Stone Cutters | FEATURE<br />
TIMELINE OF CUTTING<br />
The History<br />
of Stonecutting<br />
3000 B.C.<br />
India<br />
The first historical<br />
diamond deposits<br />
were located in India.<br />
200 B.C.<br />
Rome<br />
Earliest piece of<br />
diamond jewellery is<br />
an octahedral crystal<br />
set in a first-century<br />
Roman ring.<br />
1200 A.D.<br />
Northern<br />
Europe<br />
Early European<br />
writings alluding<br />
to diamonds were<br />
inventories created<br />
in the early 1200s.<br />
1275 A.D.<br />
Point Cut<br />
Use of natural crystal<br />
faces - changing<br />
angles slightly -<br />
polishing the surface.<br />
1350 A.D.<br />
Table Cut<br />
Creation of table<br />
and introduction of<br />
culet facet.<br />
1375 A.D.<br />
Single Cut<br />
Additional facets to<br />
add brilliance.<br />
These early stones were primarily fashioned from<br />
crystal octahedrons, resulting in the pointcut.<br />
These ‘made’ stones mimicked the octahedral shape,<br />
taking advantage of the decreasing softness as the<br />
grinding angle deviated away from the<br />
hardest surfaces (the crystal faces).<br />
These planes lie at an angle of 54.74° from<br />
the base of the pyramid in an octahedron and the<br />
early point cuts had angles ranging from 45°–60°.<br />
Changing the octahedral angles slightly<br />
required the least time and effort, so this<br />
was the first identified cut for jewellery.<br />
New Cuts: Expanding Practices<br />
The table cut first appeared around the<br />
mid-1300s. It was a point cut; however,<br />
one of the pyramid points was ground away.<br />
This also increased the light entering the stone,<br />
so table cut diamonds were more brilliant<br />
than point cut stones.<br />
However, both the table and point cuts had<br />
pavilions far too deep to take advantage<br />
of the optical properties of a diamond.<br />
Even with a pseudo-table facet, table cut<br />
stones still appeared quite dark.<br />
There are also table cuts in which a part of<br />
the point is ground opposite the table facet,<br />
resulting in a small culet facet.<br />
This may have originally occurred if a damaged<br />
octahedron was purchased, and the point<br />
had to be ground to remove the flaw.<br />
There are two schools of thought concerning<br />
the purpose of the culet facet.<br />
The first is that it forms a dark spot in the centre<br />
of the stone, giving the eye something on which<br />
to focus so that the surrounding brilliance can<br />
be better admired.<br />
The second purpose is to act as a mirror,<br />
capturing some of the stray light rays that<br />
would typically escape, and reflecting them<br />
to the eye for increased brilliance.<br />
One thing to remember is that no mechanised<br />
equipment was used to grind down diamonds<br />
at that time.<br />
Some writings mention cutters rubbing rough<br />
on a hard piece of wood with a diamond as<br />
the abrasive.<br />
Later writings describe a rotating metal wheel<br />
powered by a foot treadle.<br />
Either way, using these tools, it is easy to imagine<br />
the amount of labour and time required to place<br />
a small culet facet, let alone a large table facet,<br />
on an octahedron.<br />
Consider, then, a gemstone cutter holding<br />
the rough by hand over a wheel powered by<br />
a treadle, with an assistant dribbling oil on it<br />
to make the grit adhere to the wheel and<br />
another assistant applying the diamond dust.<br />
To get the grit for grinding, one would have<br />
to find a non-gemstone-quality diamond,<br />
grind it to dust, and then sift and sort it.<br />
It was only then that it could be applied to the wheel.<br />
Scott Sucher created the World Famous Diamond replica collection.<br />
It’s no wonder that only royalty possessed<br />
diamonds, as the hidden costs of production<br />
were far out of reach of any commoner.<br />
Around the 1300s, once diamond cutting was<br />
discovered, diamonds began to travel overland to<br />
Europe along northern trade routes or by ship across<br />
the Indian Ocean and Mediterranean Sea.<br />
Venice and Lisbon became diamond trading<br />
centres in the 1300s. These two locations parsed<br />
out diamonds to the rest of Europe, with one of the<br />
earliest cutting centres starting in Antwerp.<br />
A guild of diamond cutters was also formed<br />
in Nürnberg, Germany, in 1375.<br />
As an aside, it is estimated that more than<br />
$USD16 billion in diamonds are traded<br />
through Antwerp today.<br />
The single cut was developed in the late 1300s,<br />
which added more facets along the sides to improve<br />
light return; however, stones were still dark due<br />
to the high pavilion angles.<br />
From the cuts so far, it is apparent that artisans<br />
were beginning to discover that diamonds had optical<br />
properties that could be harnessed to turn a piece<br />
of river gravel into a prized treasure.<br />
It must be remembered that in the 1300s, the science<br />
of optics had yet to be invented and wouldn’t be<br />
discovered for another 400 years.<br />
There was no scientific understanding of the<br />
properties of light yet; however, by advancing<br />
cuts through trial and error, it is apparent that<br />
artisans were aware of brilliance and scintillation.<br />
The cutter’s interest in bringing out the<br />
maximum beauty of a piece of rough could<br />
have significantly impacted the understanding<br />
of the concept of light and how to use it.<br />
Striking Symmetry: Pendeloque and Rose Cuts<br />
The development of the pendeloque cut<br />
emerged in the early 1400s.<br />
This was a rather flat, pear-shaped cut used for<br />
unusually shaped, thin rough.<br />
It was not brilliant due to its flatness; however,<br />
the concept of symmetry became increasingly<br />
important, as was the technology to create it.<br />
54 | <strong>August</strong> <strong>2024</strong>
FEATURE | Romancing the Stone Cutters<br />
The rose cut was developed in the latter part<br />
of the 1400s and certainly no later than the<br />
early 1500s. It has primarily triangular-shaped<br />
facets. If the back side of the stone was flat,<br />
it was considered a single cut rose.<br />
If the top and bottom were both cut and facetted,<br />
then it was a double cut rose. Stretching out a<br />
double cut rose resulted in a briolette.<br />
Diamonds became increasingly popular<br />
in Europe when the Portuguese conquered<br />
the Indian port of Goa in 1510 and<br />
established a trading centre.<br />
More formal commercial traffic was implemented,<br />
and diamonds became increasingly available to<br />
European cutters, confirmed by historical<br />
paintings of this period.<br />
Whereas paintings of royals from the 1400s<br />
showed at most two or three diamonds, paintings<br />
of the 1500s show royal clothing bedecked with<br />
diamonds on the bodice, sleeves, and lapels.<br />
Rising Complexity: Light on the horizon<br />
As can be seen, cuts became more complex<br />
as the nature of light and optical properties<br />
were explored.<br />
The Mazarin and Peruzzi cuts – more styles<br />
than specific cuts - were developed by the early<br />
1600s, with 17 and 33 crown facets, respectively.<br />
This additional complexity increased brilliance<br />
and scintillation. The process of bruting had<br />
yet to be developed, so stones were still<br />
primarily square or octagonal outlines,<br />
sometimes with rounded corners.<br />
The old mine cut was developed in the early<br />
1700s and is considered the first of the brilliant<br />
cuts. It is characterised by a high crown,<br />
a large table, and a large culet facet.<br />
In the 1800s, the bruting machine was developed,<br />
and circular diamonds could now be created.<br />
The old European cut, characterised by a tall<br />
crown, a small table, and a tall pavilion, was<br />
developed. This was the beginning of the true<br />
brilliant cut, which possessed 58 facets<br />
and was circular. However, due to the steep<br />
crown and pavilion angles, brilliance, dispersion,<br />
and scintillation still suffered.<br />
The invention of the light bulb in 1879 radically<br />
changed how diamonds appeared. Before this,<br />
diamonds were owned by the wealthy and worn in<br />
posh surroundings, typically lit by candlelight.<br />
Hundreds of candles could illuminate a single room<br />
with softly flickering flames with a spectrum very<br />
heavy in the reds. Candlelight was replaced by a<br />
light bulb – a single point of steady light with an<br />
entirely different spectrum.<br />
This changed everything! Diamonds now appeared<br />
far duller. The light bulb, therefore, changed the<br />
way diamonds would be cut.<br />
Around 1860, jeweller Henry Dutton Morse opened<br />
the first American diamond-cutting factory in<br />
Boston. He challenged tradition and went against<br />
the dogma of conserving diamond weight at all<br />
costs, focusing instead on brilliance.<br />
His angles and proportions went on to be used by<br />
Tiffany & Co., among other high-end jewellers.<br />
Diamond cutting was now beginning to be a more<br />
scientific process to maximise brilliance.<br />
Modern World: A Legend Emerges<br />
In the 1900s, Marcel Tolkowsky, a legend of the art<br />
of modern diamond cutting, conducted an in-depth<br />
study of optics and its relationship to diamonds.<br />
His work was published in 1919: Diamond Design,<br />
A Study of the Reflection and Refraction of Light<br />
in a Diamond.<br />
It has been considered by some to be the definitive<br />
work on the art and science of diamond cutting.<br />
It spelled out the scientific logic for the brilliant<br />
cut as we know it today. However, it was different<br />
from the American cut by only a fraction of a degree<br />
in pavilion and crown angles. In fact, a GemRay<br />
analysis shows that the American cut returns about<br />
3 per cent more brilliance than the brilliant cut.<br />
Although Tolkowskyis credited with developing<br />
the brilliant cut, Morse actually beat him to it<br />
by several decades. This oversight is due to a lack<br />
of communication between European and US<br />
cutters and the industry's belief that Europeans,<br />
who developed diamond cutting in the first place,<br />
had more knowledge and, therefore,<br />
more expertise in the art.<br />
The 1900s ended with the process of mining,<br />
grading, evaluating, and cutting diamonds,<br />
all of which became mechanised and<br />
computer-controlled.<br />
Today, there is little reason for a human to<br />
actually touch a diamond. As a result,<br />
the romance of a diamond cutter struggling<br />
to make an existence by spending years<br />
cutting a single stone is disappearing.<br />
The Old World was forced to yield to the<br />
Computer Age. A diamond may be forever;<br />
however, romancing the stone is now gone.<br />
Scott Sucher is a world-renowned gemstone<br />
cutter. He developed a keen interest in<br />
diamonds and the misinformation and historical<br />
inaccuracies surrounding many famous<br />
diamonds. He created a collection of the World’s<br />
Most Famous Diamonds, perfectly replicates of<br />
around 40 iconic stones.<br />
1475 A.D.<br />
Symmetry<br />
Introduced<br />
The concept of<br />
symmetry became<br />
increasingly<br />
important.<br />
1550 A.D.<br />
Rose Cut<br />
Additional<br />
facets added to<br />
accommodate flat,<br />
irregular rough.<br />
1650 A.D.<br />
Mazarin Style<br />
Additional facets to<br />
increase brillance.<br />
1675 A.D.<br />
Peruzzi Style<br />
Modified Mazarin.<br />
1725 A.D.<br />
Old Mine Cut<br />
Tall crown, small table,<br />
and large culet.<br />
1850 A.D.<br />
Old European<br />
Cut<br />
Bruting, small table,<br />
very tall crown, and<br />
deep stone.<br />
1900 A.D.<br />
Brilliant<br />
In-depth<br />
understanding of<br />
optics and angular<br />
relationships.<br />
<strong>August</strong> <strong>2024</strong> | 55
ANNIVERSARY REFLECTION<br />
Experiment & Evolve<br />
Staying ahead of the curve is difficult in a conservative industry based on tradition.<br />
Reflecting on four decades of innovation and endurance with Thomas Sabo.<br />
C<br />
elebrating anniversaries and<br />
acknowledging significant<br />
milestones in any industry is<br />
essential, especially one steeped in tradition.<br />
It’s an opportunity to reflect on the road travelled,<br />
whether defined by success or adversity and plan<br />
for the future.<br />
This year marks an important milestone for<br />
jewellery brand Thomas Sabo. It’s been 40<br />
years since the company’s humble beginnings<br />
in Bavaria, Germany, in 1984.<br />
At the time, founder Thomas Sabo was a young<br />
entrepreneur with ambitious plans for the silver<br />
jewellery market. Starting with his own designs,<br />
the jewellery was manufactured in Asia and sold<br />
to select retailers at trade shows.<br />
His sterling silver jewellery was a steady success,<br />
gathering a following among retailers with each<br />
passing show.<br />
Sabo wasn’t satisfied, however, because he felt a<br />
crucial concept was missing - it wasn’t branded.<br />
A typical jewellery store window would feature<br />
watches — which have long benefited from<br />
branding associations — and unbranded gold,<br />
diamond, and colour gemstone jewellery.<br />
Branding was thought impractical because of<br />
the intricate and often small nature of jewellery.<br />
Conversely, the watch features the brand name<br />
or logo on the face.<br />
It was an understandable stance for jewellery<br />
designers; however, it left too many advantages<br />
on the table.<br />
Strong branding helps consumers easily recognise<br />
products and fosters trust and familiarity.<br />
Consumers are more likely to purchase jewellery<br />
from a brand they are confident in.<br />
Effective branding encourages repeat business and<br />
customer loyalty. It distinguishes an individual brand<br />
from competitors and highlights unique values and<br />
characteristics.<br />
Gamble & Glory<br />
While Thomas Sabo was launched as a brand in the<br />
late 1980s, it wasn’t until designer Susanne Kölbli<br />
joined the company as creative director in the early<br />
1990s that a critical partnership would be formed.<br />
In 1998, the company made another significant<br />
step forward – opening its first brand-only store in<br />
Frankfurt. Stores in Europe, Asia, and the US would<br />
soon follow.<br />
Nearly a decade later, the brand began exploring the<br />
opportunity to expand into Australia. A distribution<br />
partnership was secured with Duraflex Group<br />
Australia, and Thomas Sabo was launched at the<br />
International <strong>Jeweller</strong>y Fair in 2006.<br />
It was a significant gamble for Duraflex. While the<br />
branded jewellery phenomenon was beginning<br />
courtesy of Pandora, a clear distinction between<br />
fine and fashion jewellery was ever-present in the<br />
minds of retailers.<br />
<strong>Jeweller</strong>s were wary of silver and viewed it as<br />
‘merely’ fashion jewellery and trade for the brand<br />
was slow in Australia for the first two years.<br />
It’s not uncommon for brands and distributors to<br />
e ‘spooked’ by a lack of initial support in a market<br />
such as Australia; however, Thomas Sabo and<br />
Duraflex were resilient.<br />
Popularity spiked in 2007 when the Charm Club<br />
Collection was launched. It had evolved into a<br />
perfect recipe for appeal for consumers and<br />
retailers — personalised and collectible jewellery<br />
with an established international presence that<br />
didn’t break the bank.<br />
This move would result in the product being held<br />
by more than 300 stockists across Australia and<br />
New Zealand within seven years.<br />
This expansion would prove crucial for<br />
Duraflex, evolving the company into a multibranded<br />
distributor for branded jewellery<br />
as an emerging category.<br />
Reflecting on the evolution of this relationship over<br />
the past two decades, Edwards says that consistent<br />
willingness to innovate and adapt has been critical<br />
to the brand’s success.<br />
“We are extremely proud of our very strong<br />
partnership with the brand Thomas Sabo and<br />
specifically our direct personal connection with<br />
the owner, Mr Sabo,” he tells <strong>Jeweller</strong>.<br />
“It has evolved by continuing to strengthen and<br />
build on our very strong foundation and constant<br />
connection with the head office team in Germany.<br />
56 | <strong>August</strong> <strong>2024</strong>
There are more than 60 pieces, including newly<br />
designed crosses and silver chains, chokers,<br />
earrings, bracelets, and rings with tarnished<br />
silver and elaborate facet-cut gemstones.<br />
Sabo says every piece of jewellery from the<br />
collection is designed to tell a personal story and<br />
create an emotional connection with consumers.<br />
“It reflects true connection and embodies the<br />
DNA of our<br />
Rebel At Heart line,” he explains.<br />
“Designs such as crosses, dragons, snakes,<br />
hearts and floral design codes are faithful<br />
companions in the history of our brand.”<br />
With persistent concerns about cost-of-living<br />
pressures, inflation, and reduced discretionary<br />
spending causing headaches for Australian<br />
retailers, expanding the market presence of a<br />
jewellery brand in <strong>2024</strong> is daunting.<br />
That said, Edwards says Thomas Sabo has shown<br />
no signs of slowing down and remains committed<br />
to the benefits of design experimentation's trialand-error<br />
nature.<br />
“It is a true partnership in every sense of the<br />
word and will continue to be so for many more<br />
years to come.”<br />
Experiment & Evolve<br />
The success of the Charm Club Collection was<br />
undoubtedly a turning point, vindicating the longheld<br />
belief that branded jewellery was a successful<br />
proposition.<br />
With that said, Thomas Sabo did not rest on its<br />
laurels. The brand expanded into its first line of<br />
watches in 2009, featuring distinctive designs<br />
such as skulls and snakes.<br />
In 2014, the first line of fine jewellery was launched<br />
and has continued to experiment in the years since.<br />
THOMAS SABO x HARIBO was recently launched<br />
– a new jewellery collection showcasing the iconic<br />
‘Goldbears’ fruit gummies in colourful designs.<br />
It’s a collaboration between two well-known<br />
German companies, with HARIBO beginning in<br />
1920. Crafted from lightly frosted crystal glass<br />
that mimics the characteristics of confectionery,<br />
these creations are available in red, yellow,<br />
green, orange, white, and blue.<br />
This willingness to adapt to changing market trends<br />
has led to an evolving target audience for the brand.<br />
“The consumer demographic for Thomas Sabo<br />
has indeed significantly expanded over the years,”<br />
Edwards explains.<br />
“While now a very broad audience, the brand<br />
continues gathering younger customers while<br />
retaining the original core customer. The key to<br />
the success of this strategy is product design,<br />
development and collaboration.<br />
“The iconic and historic designs are reinterpreted<br />
seasonally but still remain true to the brand DNA.”<br />
The Rebellious Glam Collection was recently unveiled<br />
to mark the brand's 40th anniversary. Select design<br />
codes represent significant milestones.<br />
"Strong branding helps consumers<br />
easily recognise products and fosters<br />
trust and familiarity. Consumers are<br />
more likely to purchase jewellery<br />
from a brand they are confident in."<br />
“Consumer purchasing trends are constantly<br />
evolving, now more than ever, and the brand is well<br />
aware it needs to evolve with them,” he explains.<br />
“As is the case for many brands, growth strategy is<br />
a challenge partly because of the current economic<br />
conditions. This highlights the need to modify and<br />
diversify our distribution continually.”<br />
Past & Present<br />
The meteoric rise of branded jewellery as a new<br />
category led to the launch of many other brands;<br />
however, most failed for various reasons and/or<br />
have left Australia.<br />
The international brands that have remained in<br />
windows, shelves, and display cases – such as<br />
Thomas Sabo - have proven that they are in it<br />
for the long run.<br />
“Since Thomas Sabo first launched into the<br />
Australian market, we have seen many other<br />
jewellery brands come and go,” Edwards recalls.<br />
“We have navigated the highs and lows in the<br />
category over many years; the key to navigating<br />
this is to provide stability with constant evolution<br />
and being nimble while adaptive to change.”<br />
It’s no secret that since the COVID-19 pandemic,<br />
the broader retail industry is facing challenges.<br />
As documented in <strong>Jeweller</strong>’s <strong>2024</strong> State of the<br />
Industry Report, Australia's number of jewellery<br />
stores fell from 4,225 in 2010 to 3,500 by<br />
December 2023.<br />
Despite the decline in overall stores, 33 per cent<br />
of independent jewellery retailers report that their<br />
business is more profitable today than before the<br />
pandemic, painting an optimistic outlook for those<br />
who remain.<br />
Despite this decline in total stores, Edwards<br />
says the brand remains secure because of its<br />
established relationship with Australian consumers.<br />
“With the brand's life cycle, our distribution<br />
has reduced and been refined, and our current<br />
position in the market is very stable,” he says.<br />
“We have strong relationships with our valued<br />
retail partners, and while there simply are not as<br />
many jewellery and watch stores open today as<br />
there once were, we continue to have strong<br />
representation across all states and territories.”<br />
Indeed, Thomas Sabo's success over the past four<br />
decades has been due to seemingly opposing factors.<br />
The company has demonstrated a willingness to<br />
adapt to rapidly changing consumer trends.<br />
In a competitive landscape, brands must innovate<br />
to differentiate. Flexibility allows brands to<br />
respond effectively to changes in the market.<br />
At the same time, strong brands constantly evolve and<br />
benefit from long-term relationships with consumers<br />
as a matter of heritage. Personalised and collectible<br />
branded jewellery fosters loyalty among consumers.<br />
It’s a recipe for success that Thomas Sabo has<br />
carefully crafted over the past four decades.<br />
<strong>August</strong> <strong>2024</strong> | 57
BUYING GUIDE<br />
Show & Tell<br />
Looking for something new and exciting to stock in your jewellery store? You've<br />
come to the right place. <strong>Jeweller</strong> presents a Buying Guide packed with the latest<br />
products ahead of the annual International <strong>Jeweller</strong>y Fair in Sydney.
SHOW & TELL | INTERNATIONAL JEWELLERY FAIR <strong>2024</strong><br />
STAND<br />
F13<br />
Adidas Originals<br />
DESIGNA ACCESSORIES<br />
designaaccessories.com.au<br />
Adidas Originals is a lifestyle and<br />
fashion label with an athletic<br />
edge. Drawing on Adidas’ rich<br />
sporting history, Adidas Originals<br />
reinterprets the brand’s timeless<br />
designs with modern flair and street<br />
culture style to inspire all in their<br />
everyday lives.<br />
STAND<br />
G09<br />
Autore Pearls<br />
autorepearls.com.au<br />
Autore Pearls is a dynamic, advanced, and<br />
vertically integrated pearling group. The<br />
company's pearls are sourced directly from<br />
their South Sea pearl farms, owning and<br />
operating 10 sites.<br />
STAND<br />
A05 & A07<br />
Ania Haie<br />
DURAFLEX GROUP AUSTRALIA<br />
dgau.com.au<br />
With a passion for quality jewellery beset<br />
with style and a clear understanding that<br />
fashion-focused women don't want to<br />
compromise on quality, Ania Hae was born -<br />
jewellery that focuses on stacking and layering<br />
to embrace individuality.<br />
STAND<br />
F13<br />
<strong>August</strong> Berg<br />
DESIGNA ACCESSORIES<br />
designaaccessories.com.au<br />
STAND<br />
A05 & A07<br />
Baume & Mercier<br />
DURAFLEX GROUP AUSTRALIA<br />
dgau.com.au<br />
<strong>August</strong> Berg is based on the<br />
inspiring thought of reframing<br />
the watch from a passive<br />
counter of time lost, to actively<br />
inspiring you to spend time on<br />
the things that baring purpose,<br />
meaning and joy to your life.<br />
With a rich legacy spanning<br />
almost two centuries, Baume<br />
& Mercier pride themselves on<br />
their precise watchmaking that<br />
produces pieces of the highest<br />
quality. The Riviera collection -<br />
first released in 1973 and recently<br />
reinterpreted - expresses the<br />
brand’s design expertise and its<br />
exquisite use of materials.<br />
60 | <strong>August</strong> <strong>2024</strong>
E13<br />
STAND<br />
IJF<br />
3<br />
1/2 PAGE HORIZONTAL<br />
ADVERTISEMENT<br />
PEARL & OPAL JEWELLERY STYLED BY NATURE<br />
wholesale.ikecho.com.au | 02 9266 0636 | enquiries@ikecho.com.au
SHOW & TELL | INTERNATIONAL JEWELLERY FAIR <strong>2024</strong><br />
STAND<br />
C40<br />
Bespoke Jewels<br />
bespokejewels.com.au<br />
STAND<br />
E13<br />
Bracelets<br />
IKECHO AUSTRALIA<br />
ikecho.com.au<br />
Family-owned Bespoke Jewels<br />
takes pride in manufacturing<br />
one-of-a-kind timeless jewellery.<br />
Bespoke Jewels carry an exclusive<br />
ready-to-ship fine jewellery<br />
collection, featuring 18-carat<br />
and 14-carat gold with natural<br />
diamonds, gemstones, and labcreated<br />
diamonds. Each jewellery<br />
item comes with IGI certification.<br />
Enrich your style with Ikecho's exquisite bracelet<br />
collection. Discover these stunning bracelets for<br />
every occasion, adding a touch of elegance to<br />
your look with these beautiful designs.<br />
STAND<br />
E45<br />
Blumoon Diamond<br />
blumoon.com.au<br />
Blumoon Diamond is an Australianowned<br />
diamond wholesaler company<br />
providing a range of polished<br />
diamonds of all shapes and sizes.<br />
The company takes pride in its ability<br />
to source the best diamond for each<br />
customer's requirement.<br />
STAND<br />
A05 & A07<br />
STAND<br />
F18<br />
Blush Pink Diamonds<br />
SAMS GROUP AUSTRALIA<br />
pinkkimberley.com.au<br />
Bronzallure<br />
DURAFLEX GROUP AUSTRALIA<br />
dgau.com.au<br />
Designs blend knowledge and skills with a clear<br />
concept and authentic Italian jewellery making.<br />
Meticulous attention to detail and a shade that is easy<br />
to wear, match, and combine: Bronzallure’s concept is<br />
100 per cent designed and made in Italy.<br />
The Blush Pink Diamond collection<br />
from Pink Kimberley boasts a<br />
beautiful array of wearable, stylish<br />
and unique designs. The range was<br />
created based on the principle that<br />
jewellery with natural pink Argyle<br />
diamonds should be affordable to<br />
women from all walks of life.<br />
62 | <strong>August</strong> <strong>2024</strong>
SHOW & TELL | INTERNATIONAL JEWELLERY FAIR <strong>2024</strong><br />
STAND<br />
F10<br />
Bubbles Ring<br />
NINA'S JEWELLERY<br />
ninasjewellery.com.au<br />
Over the past twenty years, the<br />
Bubbles Ring has been made in<br />
countless variations, including<br />
Argyle pink, champagne, and<br />
yellow fancy-colour diamonds.<br />
The most recent rainbow<br />
version is already turning<br />
heads and was snapped up by a<br />
customer within days.<br />
STAND<br />
A25<br />
Burgundy Diamonds<br />
burgundydiamonds.com<br />
Burgundy Diamond Mines is a global<br />
company focused on the mining, production,<br />
cutting, polishing, grading and sales of<br />
diamonds. Burgundy operates its own<br />
diamond cutting, polishing, grading and sales<br />
facility in Perth, where sales of polished<br />
diamonds to jewellers and manufacturers<br />
around the world are completed.<br />
STAND<br />
C09<br />
Australia’s Longest<br />
Operating Watch Brand<br />
ClassiqueWatches.com<br />
Centrestone<br />
<strong>Jeweller</strong>y Insurance<br />
centrestone.com.au<br />
Centrestone <strong>Jeweller</strong>y<br />
Insurance is Australia's<br />
premier <strong>Jeweller</strong>y Insurance<br />
specialist. More than 1,000<br />
jewellers throughout the<br />
country now work with<br />
Centrestone <strong>Jeweller</strong>y<br />
Insurance for their customers.<br />
Become a stockist today 02 9290 2199
Since 1962, Duraflex Group Australia have been proudly distributing international<br />
(02) 9417 0177 | dgau.com.au jewellery and watch brands. (02) 9417 0177 | www.dgau.com.au
SHOW & TELL | INTERNATIONAL JEWELLERY FAIR <strong>2024</strong><br />
STAND<br />
D17<br />
Chemgold<br />
chemgold.com<br />
For more than 35 years, Chemgold<br />
has been supplying jewellery<br />
retailers and manufacturers across<br />
Australia and New Zealand. The<br />
range of products and services<br />
includes casting, refining,<br />
fabricated alloys, findings, bullion,<br />
mounts, laser engraving, and a<br />
comprehensive catalogue of more<br />
than 10,000 designs.<br />
STAND<br />
E01<br />
Classics<br />
BECKS GROUP AUSTRALIA<br />
becksgroup.au<br />
BECKS provides the Australian<br />
jewellery industry with the world's<br />
finest precious metals and jewellery<br />
products, all proudly crafted in the<br />
South Australian studio. For both<br />
customers and clients, the company<br />
stands by three powerful words.<br />
Long live love.<br />
STAND<br />
A29<br />
Christian Marolho<br />
christianmarolho.com<br />
Established in 2021, Christian<br />
Marolho offers fine jewellery<br />
designed with a blend of nostalgia<br />
and sophistication. These distinctive<br />
collections feature unique designs<br />
that artfully combine materials to<br />
deliver outstanding pieces.<br />
STAND<br />
F18<br />
Classique<br />
SAMS GROUP AUSTRALIA<br />
classiquewatches.com<br />
Classique Watches is<br />
Australia’s longestoperating<br />
watch company,<br />
founded in 1967. Classique<br />
boasts an extensive array<br />
of designs ranging from<br />
bracelets and leather<br />
wristwatches to unique and<br />
classic pocket watches.<br />
STAND<br />
B39<br />
STAND<br />
A24<br />
Classic Grown<br />
Diamonds<br />
classicgrowndiamonds.com<br />
Classic Grown Diamonds<br />
is one of the largest<br />
manufacturers of lab-created<br />
diamonds and high-quality<br />
finished jewellery. It offers<br />
more than 20,000 GIA and IGI<br />
certified diamonds between<br />
0.3 carats and 15 carats.<br />
Clear Neutral<br />
clearneutral.org<br />
Clear Neutral is a highly sought-after<br />
carbon-neutral certification service for<br />
lab-created diamonds. It allow you to<br />
source diamonds from any supplier you<br />
like, and certify them when the sale is<br />
made while supporting environmental<br />
and social projects plus giving your<br />
customers what they want.<br />
66 | <strong>August</strong> <strong>2024</strong>
Perfect picks<br />
for your customers<br />
this Christmas!<br />
Visit our website for the full range<br />
of trade show and Christmas specials.<br />
Create your account and place your order now!<br />
Come and say hi to us at the Sydney trade show!<br />
IJF Stand: F10<br />
wholesale@ninas.co<br />
ninasjewellerywholesale.com.au<br />
<strong>August</strong> <strong>2024</strong> | 67
Available now.<br />
Trade-show prices<br />
(Limited time only!)<br />
Bunchberry<br />
White diamond necklace in 9k yellow<br />
gold (270349)<br />
$909 $727<br />
Flight necklace<br />
White diamond necklace in<br />
9k white gold (280521)<br />
$950 $760<br />
Xanthi<br />
Orange diamond necklace in 9k yellow<br />
gold (270348)<br />
$1150 $920<br />
Most<br />
loved<br />
Flight earrings<br />
White diamond earrings<br />
in 9k white gold (310480)<br />
$869 $695<br />
Flight ring<br />
Flight white diamond ring<br />
in 9k white gold (260759)<br />
$849 $679<br />
Flight bracelet<br />
White diamond bracelet<br />
in sterling silver (1800147)<br />
$255 $204<br />
Bengal<br />
Champagne diamond ring<br />
in 9k yellow gold (260730)<br />
$519 $415<br />
Bengal<br />
White diamond ring<br />
in 9k white gold (260725)<br />
$5399 $431<br />
Bengal<br />
Orange diamond ring<br />
in 9k rose gold (260731)<br />
$589 $471<br />
ninasjewellerywholesale.com.au<br />
68 | <strong>August</strong> <strong>2024</strong>
#ONEFORMEONEFORYOU<br />
p +61 (0)8 8221 5580<br />
sales@timesupply.com.au | timesupply.com.au<br />
exclusive distributor AU & NZ<br />
IJF STAND<br />
D01
SHOW & TELL | INTERNATIONAL JEWELLERY FAIR <strong>2024</strong><br />
STAND<br />
D35<br />
Cultured <strong>Jeweller</strong>y Designs<br />
culturedjewellerydesigns.com<br />
Cultured <strong>Jeweller</strong>y Designs is led by Lisa Berghofer with more<br />
than two decades of experience in the industry. Offers include<br />
a necklace and bracelet matching set with silver rose goldplated<br />
magnetic clasp and pink freshwater pearl. Earrings with<br />
nine-carat yellow gold, with a faceted Carnelian drop design.<br />
STAND<br />
D01<br />
Coeur de Lion<br />
TIME SUPPLY<br />
timesupply.com.au<br />
In the modern world, where there are so many<br />
must-haves, it is reassuring to know that some<br />
things are above these ever-changing trends.<br />
Handmade jewellery from Coeur de Lion is<br />
timeless. These creations marry clear, minimalist<br />
designs with unusual colour combinations,<br />
making them both elegant and unconventional.<br />
STAND<br />
A05 & A07<br />
Daniel Wellington<br />
DURAFLEX GROUP AUSTRALIA<br />
dgau.com.au<br />
Daniel Wellington watches are<br />
defined by their clean, minimalistic<br />
designs, with a timeless versatility<br />
that makes them the perfect<br />
watches for any occasion.<br />
STAND<br />
F11<br />
Couture Kingdom<br />
couturekingdom.com<br />
Couture Kingdom brings licensed<br />
collections of vibrant and unique<br />
pop-culture jewellery in collaboration<br />
with some of the world’s most<br />
recognised and iconic brands.<br />
The company offers jewellery and<br />
accessories inspired by classic<br />
Disney animation and films,<br />
including Marvel and Star Wars.<br />
STAND<br />
A12<br />
Desert Rose<br />
ELLENDALE DIAMONDS<br />
ellendalediamonds.com.au<br />
As a reputable Australian family business with a<br />
rich history and 57 years of continuous growth and<br />
expertise, Ellendale Diamonds is a wholesaler of<br />
fancy colour diamonds and a jewellery manufacturer.<br />
Desert Rose rings reflect an endless circle with<br />
no beginning and no end, with an open centre to<br />
represent the life a couple has ahead of them.<br />
70 | <strong>August</strong> <strong>2024</strong>
SHOW & TELL | INTERNATIONAL JEWELLERY FAIR <strong>2024</strong><br />
STAND<br />
A05 & A07<br />
Diamonds By DGA<br />
DURAFLEX GROUP AUSTRALIA<br />
dgau.com.au<br />
Featuring a beautiful selection of<br />
jewellery finished to the highest<br />
quality, the Diamonds by DGA range<br />
features nine-carat and 18-carat<br />
gold diamond earrings, bracelets,<br />
rings, and pendants. These natural<br />
diamonds are high-quality<br />
in both colour and clarity.<br />
STAND<br />
A05 & A07<br />
Edox<br />
DURAFLEX GROUP AUSTRALIA<br />
dgau.com.au<br />
t<br />
For more than 140 years, Edox<br />
watches have combined ultimate<br />
precision with ingenious solutions<br />
– even for the most demanding<br />
activities: be it above or below the<br />
water surface, in the eternal ice or<br />
even on glowing desert sand.
SEE US AT THE<br />
SYDNEY IJF<br />
STAND E12<br />
GET READY!<br />
OUR EXCITING<br />
NEW WEBSITE<br />
IS LAUNCHING<br />
SOON!<br />
Phone: +613 9338 0091 Email: sales@worthdouglas.com.au worthdouglas.com
SHOW & TELL | INTERNATIONAL JEWELLERY FAIR <strong>2024</strong><br />
STAND<br />
E01<br />
Eternities<br />
BECKS GROUP AUSTRALIA<br />
becksgroup.au<br />
BECKS remains committed to<br />
creating world-class wedding<br />
rings and jewellery products<br />
using only the finest precious<br />
metals, diamonds, and<br />
manufacturing techniques.<br />
STAND<br />
F13<br />
Furla<br />
DESIGNA ACCESSORIES<br />
designaaccessories.com.au<br />
Furla provides quality timepieces<br />
with strong detailing, which play<br />
upon mixtures of materials and<br />
finishes and reflect the signature<br />
elements of Furla design.<br />
STAND<br />
B10<br />
Gents<br />
PATERSON FINE JEWELLERY<br />
pfj.com.au<br />
STAND<br />
D25<br />
Eugene's <strong>Jeweller</strong>y<br />
eugenesjewellery.com.au<br />
Established in 1935, Paterson Fine<br />
<strong>Jeweller</strong>y stands as one of Australia<br />
and New Zealand's oldest and most<br />
esteemed jewellery wholesalers. As<br />
both supplier and manufacturer, the<br />
company offers a diverse selection of<br />
premium jewellery at competitive prices,<br />
complemented by efficient service.<br />
Eugene’s <strong>Jeweller</strong>y is a Melbourne based family<br />
business that’s been operating since 1995. Gold<br />
bracelets, chains, bangles and earrings in 9-carat,<br />
10-carat and 18-carat yellow, rose, and white gold are<br />
available, as well as a range of bolt rings and padlocks<br />
in gold and sterling silver.<br />
STAND<br />
B10<br />
Firegem<br />
PATERSON FINE JEWELLERY<br />
pfj.com.au<br />
Firegem opal jewellery offer organic, unconventional<br />
shapes and striking colours, presenting individuals with an<br />
incredible opportunity to express their eclectic, bold and<br />
creative sense of style.<br />
STAND<br />
D10<br />
Georgini<br />
WEST END COLLECTION<br />
westendcollection.com.au<br />
Transforming traditional fine<br />
jewellery design with a contemporary<br />
flair, Georgini produces affordable<br />
luxury pieces that empower<br />
customers to exude elegance during<br />
their special moments.<br />
74 | <strong>August</strong> <strong>2024</strong>
Since 1962, Duraflex Group Australia have been proudly distributing international<br />
jewellery and watch brands. (02) 9417 0177 | www.dgau.com.au
SHOW & TELL | INTERNATIONAL JEWELLERY FAIR <strong>2024</strong><br />
STAND<br />
B13<br />
Gerrim International<br />
gerrim.com<br />
Gerrim International is an<br />
Australian manufacturer<br />
specialising in creating jewellery<br />
that combines timeless elegance<br />
with contemporary design. The<br />
range of includes rings, necklaces,<br />
bracelets, earrings, and pearls.<br />
STAND<br />
F13<br />
Guess<br />
DESIGNA ACCESSORIES<br />
designaaccessories.com.au<br />
GUESS offers a wide range of styles<br />
and colours for both men and<br />
women. Pieces for women feature<br />
styles ranging from trendy-casual<br />
to sophisticated-chic. The collection<br />
for men encompasses the best of<br />
masculine design, materials, and<br />
technology.
launching at the<br />
International <strong>Jeweller</strong>y Fair<br />
17-19 <strong>August</strong> • Stand A29<br />
nostalgic &<br />
sophisticated<br />
collections for<br />
a modern style<br />
christianmarolho.com<br />
christian@christianmarolho.com<br />
+61 482 725 014
SHOW & TELL |<br />
INTERNATIONAL JEWELLERY FAIR <strong>2024</strong><br />
STAND<br />
A05 & A07<br />
JAG<br />
DURAFLEX GROUP AUSTRALIA<br />
dgau.com.au<br />
JAG embodies the effortless<br />
sophistication of the Australian<br />
lifestyle, offering a versatile range of<br />
timepieces that are inspired by the<br />
country’s captivating landscapes.<br />
STAND<br />
C19<br />
Heart & Grace<br />
heartandgrace.com.au<br />
Fashion-forward, on-trend, ready-to-wear<br />
jewellery and watches from Heart & Grace.<br />
Whether it’s a statement piece or something to<br />
treasure every day, these brands will have you<br />
covered. Sterling silver, gold-plated jewellery and<br />
stainless steel watches all at affordable prices.<br />
STAND<br />
A06<br />
JS Landau Diamonds<br />
jslandaudiamonds.com<br />
STAND<br />
A12<br />
Icon & Diva<br />
ELLENDALE DIAMONDS<br />
ellendalediamonds.com.au<br />
JS Landau Diamonds is a longestablished<br />
and respected company<br />
that has been in business since<br />
1938. It proudly presents exclusive<br />
European and Antique-Style<br />
designs of the highest quality at<br />
a reasonable price. Specialises in<br />
precious colour gemstones and<br />
diamond jewellery.<br />
Ellendale Diamonds specialises<br />
in traceable and ethically sourced<br />
natural diamonds from the<br />
Argyle and Ellendale mines in<br />
the Kimberley region of Western<br />
Australia, renowned for producing<br />
the finest quality stones.<br />
STAND<br />
E13<br />
Kimberley Pendant<br />
IKECHO AUSTRALIA<br />
ikecho.com.au<br />
Ikecho is a prominent Australian<br />
wholesaler specialising in<br />
distributing high-quality pearls.<br />
The company distinguishes itself<br />
by crafting innovative and modern<br />
pearl designs that align with global<br />
trends and fashion movements.<br />
78 | <strong>August</strong> <strong>2024</strong>
All the support you need<br />
as an independent jeweller.<br />
Merchandise - Retail - Marketing<br />
Finance - Community<br />
Benefit from our wealth of knowledge and expertise essential for the<br />
modern independent jewellery retailer. We offer support services in<br />
marketing, finance, administration, retail, training and education. Our<br />
members also enjoy generous discounts from our diverse network<br />
of preferred suppliers. Join a community of like-minded peers to<br />
connect and grow together.<br />
To find out more, contact us today.<br />
Email: enquiries@showcasejewellersgroup.com<br />
Phone: (02) 8566 1800<br />
Visit: showcasejewellersbuyinggroup.com<br />
SHOWCASE<br />
JEWELLERS
SHOW & TELL | INTERNATIONAL JEWELLERY FAIR <strong>2024</strong><br />
STAND<br />
B37<br />
Kira Diam<br />
kiradiam.com<br />
Kira Diam is driven by more than 30 years of experience in crafting<br />
ethically sourced gemstones and fine jewellery. The company offers<br />
a diverse range of impeccably cut diamonds ranging from 0.15 to 10<br />
carats and timeless jewellery pieces that redefine luxury.<br />
STAND<br />
C20<br />
La Couronne <strong>Jeweller</strong>y<br />
lacouronnejewellery.com.au<br />
For 40 years, La Couronne has been proudly supplying the Australian<br />
jewellery industry, with a comprehensive product range together with<br />
complete marketing materials proven for the current market. An<br />
extensive product range consists of the finest quality 9-carat gold,<br />
18-carat gold, sterling silver and stainless steel set with diamonds and<br />
colour gemstones.<br />
(02) 9417 0177 | dgau.com.au
STAND<br />
G30<br />
Lagani<br />
lagani.co.nz<br />
FINE JEWELLERY MANUFACTURERS<br />
LAGANI is a brand of lab-created<br />
diamond jewellery from New<br />
Zealand known for its exquisite<br />
craftsmanship and ethical<br />
approach. It showcases a diverse<br />
range of stunning pieces that cater<br />
to a global clientele.<br />
STAND<br />
A05 & A07<br />
Luminox<br />
DURAFLEX GROUP AUSTRALIA<br />
dgau.com.au<br />
Luminox (LUMI is Latin for light,<br />
while NOX is Latin for night)<br />
was created in 1989, driven by a<br />
commitment to offer cutting-edge<br />
luminescence and readability<br />
in its line of high-performance<br />
sports watches.<br />
STAND<br />
C46<br />
Madame TJ Juwel<br />
madametj.com<br />
At Madame TJ Juwel Co. each<br />
piece has its own unique style and<br />
is carefully crafted to embrace the<br />
individuality and grace found in the<br />
natural world. Designs inspired by<br />
nature incorporate the details and<br />
the beauty of the earth, empowering<br />
wearers to express unique<br />
personality and style with elegance<br />
and authenticity.<br />
NEW COLLECTION<br />
NOW AVAILABLE<br />
visit markmcaskill.com.au<br />
ADELAIDE | BANGKOK<br />
+61 8 8352 1400<br />
sales@markmcaskill.com.au
SHOW & TELL | INTERNATIONAL JEWELLERY FAIR <strong>2024</strong><br />
STAND<br />
C10<br />
Mark McAskill <strong>Jeweller</strong>y<br />
markmcaskill.com.au<br />
Mark McAskill <strong>Jeweller</strong>y is a manufacturer of fine quality 9-carat,<br />
18-carat gold and platinum jewellery. Established in 1989, the<br />
company offers a range consisting of rings, earrings and pendants<br />
featuring both colour gemstone and diamond designs in the Aura,<br />
Lux, Pink Caviar, Estelle and Modern Bridal collections.<br />
STAND<br />
D10<br />
Maserati<br />
WEST END COLLECTION<br />
westendcollection.com.au<br />
Maserati is not just a brand but<br />
an attitude. It is a way of life<br />
that features a special passion<br />
for challenges, a completely<br />
unique experience of luxury,<br />
and an unmistakable style that<br />
emerges above all in the details,<br />
just as in its watches: the<br />
perfect way to keep time with<br />
elegance and determination.<br />
STAND<br />
A02<br />
Mats Jonasson<br />
matsjonasson.com.au<br />
Mats Jonasson, a Swedish<br />
sculptor is internationally<br />
recognised for its engraved<br />
crystal and handmade collectable<br />
works spanning wildlife, botanical<br />
and art motifs. The owl sculpture<br />
is part of the 2023 designs. This<br />
piece will position itself well<br />
among other jewellery products.
STAND<br />
D10<br />
Maurice Lacroix<br />
WEST END COLLECTION<br />
westendcollection.com.au<br />
For more than 40 years, Maurice<br />
Lacroix watches have been<br />
manufactured in the company's<br />
own state-of-the-art workshops<br />
in Saignelegier, Switzerland. The<br />
company has won over a dozen<br />
major awards for its watches over<br />
the years, with industry panels<br />
recognising its design, ingenious<br />
creativity and craftsmanship.<br />
STAND<br />
F13<br />
Maxum<br />
DESIGNA ACCESSORIES<br />
designaaccessories.com.au<br />
Introduced in 1999, Maxum is<br />
designed in Australia. Offering<br />
quality 100m water-resistant<br />
watches and combining form,<br />
function and fashion, Maxum<br />
is engineered to embrace the<br />
Australian way of life.
SHOW & TELL | INTERNATIONAL JEWELLERY FAIR <strong>2024</strong><br />
STAND<br />
H18<br />
Opals by Emmanuel<br />
Christianos<br />
christianos.com<br />
STAND<br />
A05 & A07<br />
Mondaine<br />
DURAFLEX GROUP AUSTRALIA<br />
dgau.com.au<br />
The simple design, the<br />
unmistakable easy-to-read face,<br />
distinctive hands and the famous<br />
red seconds hand have made<br />
Mondaine timepieces uniquely<br />
recognised the world over. Ingenuity<br />
and simplicity are the combined<br />
elements that distinguish and<br />
define a truly iconic design classic.<br />
Opals by Emmanuel Christianos<br />
carries on a business that began<br />
in the 1950s in Coober Pedy. The<br />
company have since moved to<br />
Lightning Ridge, where they drill,<br />
mine, consolidate (wholesale)<br />
and export fine Australian Opals,<br />
including incredible black and<br />
crystal opals.<br />
STAND<br />
F40<br />
Orange River Diamonds<br />
orangeriver.com.au<br />
Based in Brisbane, Orange River River<br />
offers bespoke and mass manufacturing<br />
of fine jewellery for retail jewellers at<br />
competitive rates.<br />
STAND<br />
D01<br />
Nomination<br />
TIME SUPPLY<br />
timesupply.com.au<br />
Nomination is a worldwide leader in the<br />
steel and gold jewellery market. Nomination<br />
produces fashion jewellery for men and<br />
women using materials of the highest<br />
quality: stainless steel, 18-carat gold,<br />
cubic zirconia, precious and semi-precious<br />
gemstones and natural diamonds.<br />
STAND<br />
E50<br />
Pierre Lannier<br />
GERMAN CUCKOO CLOCK NEST<br />
clocks.com.au<br />
Pierre Lannier, a renowned French<br />
watchmaker, brings its elegant<br />
timepieces to Australia through a<br />
dedicated distribution network. These<br />
collections include sophisticated<br />
styles for both men and women,<br />
featuring precision craftsmanship<br />
and premium materials.<br />
84 | <strong>August</strong> <strong>2024</strong>
STAND<br />
F10<br />
Pink Diamonds<br />
NINA'S JEWELLERY<br />
ninasjewellery.com.au<br />
Since 1965, Nina's <strong>Jeweller</strong>y, one<br />
of the first Argyle Pink Diamonds<br />
Select Ateliers, has been creating<br />
quality pieces that celebrate the<br />
brilliance of natural fancy colour<br />
diamonds and pearls from the<br />
South Seas.<br />
STAND<br />
F18<br />
Pink Kimberley<br />
SAMS GROUP AUSTRALIA<br />
pinkkimberley.com.au<br />
Pink Kimberley pieces display<br />
bright, vibrant Argyle pink<br />
diamonds, set in lavish,<br />
precious designs. These pieces<br />
are a true representation of<br />
luxury and prestige.
SHOW & TELL | INTERNATIONAL JEWELLERY FAIR <strong>2024</strong><br />
STAND<br />
A08<br />
Planet Almas<br />
planetalmas.com.au<br />
With more than 70 years of<br />
combined experience in the<br />
jewellery industry, Planet Almas<br />
presents pieces that are wellpriced,<br />
beautiful and possess a<br />
high-end finish.<br />
STAND<br />
A05 & A07<br />
Police<br />
DURAFLEX GROUP AUSTRALIA<br />
dgau.com.au<br />
ENJOY<br />
TIME WITH<br />
QUALITY,<br />
PRECISION<br />
TIMEPIECES<br />
CLOCKS.COM.AU<br />
info@clocks.com.au<br />
07) 5545 3997<br />
Right from the start, Police has<br />
stood for defining your own style—<br />
one that lives and thrives away from<br />
the catwalks and transient trends.<br />
The brand has always spoken the<br />
language of freedom and rebellion.<br />
STAND<br />
D50<br />
Preyas <strong>Jeweller</strong>y<br />
preyasjewellery.com.au<br />
Preyas <strong>Jeweller</strong>y is a leading<br />
wholesaler offering one of the<br />
largest collections of gemstone<br />
jewellery in Australia. These highquality,<br />
unique gemstones are set<br />
in nickel-free sterling silver. Crisp<br />
designs with European elegance.
INTERNATIONAL JEWELLERY FAIR <strong>2024</strong> | SHOW & TELL<br />
STAND<br />
D01<br />
STAND<br />
C37<br />
PSC WSC<br />
Insurance Brokers<br />
wscbrokers.com.au<br />
With an experienced team and<br />
specialist partners, PSC WSC<br />
Insurance Brokers subscribes to an<br />
adamant philosophy that providing<br />
sound advice and service and<br />
obtaining competitive premiums is<br />
the core value that a client places<br />
on their broker.<br />
Qudo<br />
TIME SUPPLY<br />
timesupply.com.au<br />
Since its creation in 2009, German brand Qudo’s philosophy<br />
has been to inspire and excite jewellery lovers with clever and<br />
innovative ideas. It offers all the beauty and elegance of fine,<br />
must-have jewellery without the huge cost of solid precious<br />
metals, making it far more collectable and everyday friendly.<br />
GENERATIONS OF TRUST & CRAFTSMANSHIP<br />
IJF Stall #C40<br />
Australian Wholesale <strong>Jeweller</strong><br />
Manufacturer Price Guarantee<br />
Sydney, NSW<br />
BESPOKE FINE JEWELLERY MANUFACTURE<br />
READY TO SHIP COLLECTION (18K & 14K)<br />
RINGS | EARRING | BRACELETS | PENDANTS & NECKLACE<br />
AJG.com/au/jewellers<br />
www.bespokejewels.com.au<br />
Instagram: bespokejewels.au<br />
hello@bespokejewels.com.au
SHOW & TELL | INTERNATIONAL JEWELLERY FAIR <strong>2024</strong><br />
STAND<br />
F13<br />
Rosefield<br />
DESIGNA ACCESSORIES<br />
designaaccessories.com.au<br />
STAND<br />
E43<br />
Simple details and pure luxury.<br />
Rosefield watches are luxuryinspired,<br />
affordable timepieces<br />
crafted expertly using the<br />
highest quality materials. Classic<br />
yet modern, minimalist yet<br />
contemporary, the range exudes<br />
the refinement, confidence and<br />
optimism of women of today.<br />
Rapid Casting<br />
rapidprototype.com.au<br />
Rapid Casting turns hand sketches,<br />
magazine pictures, company logos,<br />
or combinations of these into<br />
3D digital models. The talented<br />
jewellery CAD artists will work with<br />
you to perfect your design concepts.<br />
STAND<br />
A42<br />
RR Diamonds Australia<br />
STAND<br />
E44<br />
Retail Edge<br />
Consultants<br />
retailedgeconsultants.com.au<br />
Supplying Australia since 1974, RR Diamonds<br />
Australia is a prestigious wholesale company<br />
that has spanned two generations. Renowned<br />
for specialisation in Argyle pink diamonds, the<br />
company also offers an impressive selection<br />
of important white diamonds up to 40 carats<br />
and beyond, as well as a variety of fancy<br />
colour diamonds and ready-made jewellery.<br />
Are you ready to improve your retail<br />
profits? Retail Edge Consultants<br />
can assist your business through<br />
our software offering and highly<br />
successful retail consulting<br />
program. The areas in focus<br />
include: improved financials, highperforming<br />
stock, strategic sales<br />
increases, supplier partnerships,<br />
staff performance and retention,<br />
point of sale and Edge Pulse.<br />
STAND<br />
B36<br />
RJ Scanlan & Co<br />
scanlanandco.com.au<br />
RJ Scanlan is a family-owned<br />
business with more than 40 years<br />
of experience as an Australian<br />
supplier of fine jewellery. The<br />
company specialises in the<br />
distribution of premium European<br />
jewellery to retail stores throughout<br />
Australia and New Zealand.<br />
88 | <strong>August</strong> <strong>2024</strong>
INTERNATIONAL JEWELLERY FAIR <strong>2024</strong> | SHOW & TELL<br />
STAND<br />
A05 & A07<br />
Sekonda<br />
DURAFLEX GROUP AUSTRALIA<br />
dgau.com.au<br />
Featuring an affordable range of<br />
models to suit any style, Sekonda<br />
combines timelessness with<br />
fashion to create a selection that<br />
appeals to all.<br />
STAND<br />
F18<br />
Sapphire Dreams<br />
SAMS GROUP AUSTRALIA<br />
sapphiredreams.com.au<br />
Sapphire Dreams Australia<br />
showcases a range of earrings,<br />
bracelets, necklaces, and<br />
rings, capturing the allure and<br />
timeless elegance of sapphires.<br />
WHOLESALE SUPPLIER OF<br />
JEWELLERY TOOLS<br />
SPEICALISING IN QUALITY JEWELLERY TOOLS & EQUIPMENTS WITH<br />
EXCEPTIONAL SERVICE<br />
(07) 3876 7481<br />
SALES@LABANDA.COM.AU<br />
FAX: (07) 33683100<br />
WWW.LABANDA.COM.AU
SHOW & TELL | INTERNATIONAL JEWELLERY FAIR <strong>2024</strong><br />
STAND<br />
D01<br />
Sif Jakobs<br />
TIME SUPPLY<br />
timesupply.com.au<br />
The Danish award-winning jewellery<br />
brand Sif Jakobs <strong>Jeweller</strong>y, designs<br />
and produces sophisticated<br />
jewellery of the highest standard<br />
with a modern expression. Highquality<br />
construction using sterling<br />
silver 925, 18-carat gold and<br />
18-carat rose gold platings, AAAcertified<br />
cubic zirconias and 100 per<br />
cent nickel free.<br />
STAND<br />
A12<br />
Soklich & Co.<br />
soklichco.com<br />
Soklich & Co. <strong>Jeweller</strong>s are a<br />
Western Australian manufacturing<br />
jeweller with more than 58 years<br />
of experience in the industry. The<br />
company offers a personalised<br />
service and works along with<br />
customers to create beautiful<br />
handmade bespoke designs.<br />
STAND<br />
E01<br />
Signets<br />
BECKS GROUP AUSTRALIA<br />
becksgroup.au<br />
BECKS signet rings are<br />
proudly made in the South<br />
Australian studio. Highlighted<br />
by bold and eye-catching<br />
designs, these rings make a<br />
serious statement.<br />
STAND<br />
F01<br />
Stones & Silver<br />
stonesandsilver.com.au<br />
STAND<br />
H22<br />
Smokeshield<br />
smokeshield.com.au<br />
<br />
With nearly two decades of<br />
experience in supplying quality<br />
.925 sterling silver and gemstone<br />
jewellery to retailers across<br />
Australia and New Zealand,<br />
Stones & Silver has earned its<br />
reputation as a trusted partner for<br />
businesses seeking exceptional<br />
products and services.<br />
Smokeshield offers innovation,<br />
attention to detail, and<br />
professionalism at the forefront of<br />
technical advancement. Whether<br />
you need a small servicing or a<br />
full turnkey solution, the company<br />
has a diverse range of specialised<br />
divisions and can take care of<br />
your needs.<br />
90 | <strong>August</strong> <strong>2024</strong>
INTERNATIONAL JEWELLERY FAIR <strong>2024</strong> | SHOW & TELL<br />
STAND<br />
B19<br />
STAND<br />
F13<br />
Ted Baker<br />
DESIGNA ACCESSORIES<br />
designaaccessories.com.au<br />
Celebrating British fashion<br />
and heritage since 1988, Ted<br />
Baker is globally recognised for<br />
its menswear, womenswear,<br />
accessories and lifestyle<br />
collections. Crafted with exquisite<br />
attention to detail to keep you<br />
running fashionably on time, the<br />
Ted Baker watches collection is<br />
a tailor-made mix of elegance,<br />
precision and London flair.<br />
The Battery Man<br />
thebatteryman.com.au<br />
The Battery Man has been a<br />
trusted supplier to the industry<br />
for nearly 40 years and is one<br />
of the largest suppliers of Seiko<br />
watch batteries in Australia. The<br />
company is family-owned and<br />
operated and provides fast and<br />
friendly service.
SHOW & TELL | INTERNATIONAL JEWELLERY FAIR <strong>2024</strong><br />
STAND<br />
A05 & A07<br />
Thomas Sabo<br />
DURAFLEX GROUP AUSTRALIA<br />
dgau.com.au<br />
Thomas Sabo collections bear<br />
the unmistakable signature of the<br />
company founder: a unique mix of<br />
glamour and Rock ‘n’ Roll, nostalgia<br />
and the modern. Each collection<br />
showcases a sensitivity for trends,<br />
flawless attention to detail and a<br />
passion for jewellery.<br />
STAND<br />
D13<br />
Tutu Display<br />
tutudisplay.com.au<br />
Tutu Display is dedicated to<br />
providing high-quality store fixtures<br />
and services for customers, such<br />
as watch stores, jewellery stores,<br />
clothing stores, cosmetics stores,<br />
exhibition booths, and display props.<br />
STAND<br />
D01<br />
UNOde50<br />
TIME SUPPLY<br />
timesupply.com.au<br />
STAND<br />
F13<br />
Timex<br />
DESIGNA ACCESSORIES<br />
designaaccessories.com.au<br />
Spanish handmade brand<br />
UNOde50 offers a very bold<br />
style that offers iconic designs<br />
for those looking for a truly<br />
unique range.<br />
For generations, Timex has<br />
held itself to higher standards<br />
and created watches that can<br />
be worn and loved for years<br />
because of their timeless<br />
design and legendary quality.<br />
STAND<br />
A05 & A07<br />
WOLF<br />
DURAFLEX GROUP AUSTRALIA<br />
dgau.com.au<br />
WOLF is a symbol of decades<br />
of innovation and the undying<br />
pursuit of perfection, creating<br />
quality products that raise the<br />
standards of design.<br />
92 | <strong>August</strong> <strong>2024</strong>
INTERNATIONAL JEWELLERY FAIR <strong>2024</strong> | SHOW & TELL<br />
STAND<br />
E12<br />
Worth & Douglas<br />
worthdouglas.com<br />
Worth & Douglas is a family business,<br />
established in 1953 with offices<br />
in Australia and New Zealand.<br />
Manufacturers and wholesalers of<br />
W&D wedding rings, ZiRO – The Black<br />
Ring, Memento Flora and Fauna lines,<br />
bangles, men's jewellery, engagement<br />
rings, rings of all kinds, earrings,<br />
pendants, sovereign coin jewellery<br />
and more.<br />
STAND<br />
G36<br />
World Shiner<br />
worldshiner.com<br />
Established in 1996, World Shiner is a wholesale company for<br />
diamonds and fine diamond jewellery. It carries an extensive<br />
range of diamonds in all sizes, shapes, clarity, and colours.<br />
Retailers are invited to view the extensive range of pink and<br />
white diamonds and 18-carat high-quality jewellery.
A SHOW TO REMEMBER<br />
Hong Kong<br />
In a congregation that offered<br />
valuable insights into the future of the<br />
trade, thousands of members of the<br />
international jewellery industry converged<br />
on Hong Kong for a bustling week of trade<br />
and exchange.<br />
<strong>Jeweller</strong>y and Gem Asia Hong Kong (JGA) has<br />
come and gone for another year, concluding<br />
at the Hong Kong Convention and Exhibition<br />
Centre (HKCEC) on 23 June after four<br />
productive days of trade.<br />
This was the second show after a four-year<br />
hiatus due to the COVID-19 pandemic.<br />
While the previous fair was focused on<br />
‘rebounding and recovering’ amid an adverse<br />
economy, this meeting was fixated on planning<br />
for the future.<br />
As part of a new initiative, event organisers<br />
Informa Markets launched the Sustainability<br />
Awards <strong>2024</strong>, with an expert panel from the<br />
jewellery and gemstone industry judging the<br />
efforts of businesses of all sizes.<br />
There are five categories: environmental<br />
stewardship, social empowerment,<br />
manufacturing innovation, community<br />
engagement and sustainability leadership.<br />
The finalists of each category were announced<br />
on the fair's opening day. The winners will be<br />
crowned in September at <strong>Jeweller</strong>y and Gem<br />
World Hong Kong (JGW).<br />
As part of the announcement, senior vice president<br />
of Informa Markets, David Bondi, recalled some<br />
famous wisdom: that the best way to predict the<br />
future is to create it.<br />
“Sustainability is often discussed; however, seldom<br />
understood,” he said.<br />
“Purposeful sourcing is increasingly important in<br />
the jewellery industry. While it might involve extra<br />
effort, the satisfaction makes it all worth it.”<br />
Celine Lau, director of exhibitions at Informa<br />
Markets, echoed these sentiments. She said<br />
that sustainability is a ‘family affair’ and that it<br />
was important for each member of the jewellery<br />
industry to spread the word.<br />
“There are many companies that have been<br />
working hard behind the scenes over the past few<br />
years to improve their practices, and we believe it’s<br />
important to acknowledge them,” she said.<br />
“Indeed, everyone named as a finalist in these<br />
awards is a winner in their own right.”<br />
Let’s go for a walk<br />
Walking the floor of the jewellery fair for three<br />
days was an informative experience. The diamond<br />
section struggled to gain traction as overbearing<br />
concerns about the future of the trade took hold.<br />
Indeed, the broader jewellery industry has been<br />
buffeted by various issues. Among the more<br />
common issues raised by visitors and exhibitors<br />
were the record-high price of gold and the rising<br />
cost of silver. There were also concerns about<br />
consumer confidence and decreasing discretionary<br />
spending.<br />
Many raised the ongoing confusion consumers<br />
report about the rivalry between natural and<br />
lab-created diamonds.<br />
In short, learning about the differences and<br />
similarities between the two categories can<br />
be easy; however, consumers still find it hard<br />
to comprehend the sharp price difference for<br />
something chemically identical.<br />
Beyond those hot topics, visitors also expressed<br />
reservations about the ongoing impact of the<br />
war in Ukraine, the punitive sanctions placed<br />
against the Russian diamond industry, and the<br />
flow-on effect of these prohibitions on jewellery<br />
businesses.<br />
The two Informa Markets shows in Hong Kong<br />
contrast in terms of focus: the June show is<br />
focused on the Asian market, while the September<br />
show is global in nature.<br />
With that in mind, consumer spending on<br />
diamond jewellery in China was also a hot<br />
topic of discussion.<br />
Hong Kong retailer Luk Fook recently described<br />
the demand for diamond jewellery as ‘subdued’<br />
in mainland China.<br />
It was a similar story for Chow Tai Fook, which<br />
despite reporting record revenue in the past year,<br />
announced a 13 per cent decline in sales<br />
of diamond and colour gemstone jewellery.<br />
When quizzed about this topic, Diamond<br />
Federation of Hong Kong chairman Victor Yiu<br />
made an interesting observation about China's<br />
expanding middle class.<br />
94 | <strong>August</strong> <strong>2024</strong>
According to the Pew Research Centre, the<br />
share of China’s population in the middleincome<br />
group increased from 3.1 per cent in<br />
2000 to more than 50 per cent by 2018.<br />
Yiu said that with increased access to tertiary<br />
education and professional careers, young<br />
Chinese couples are delaying the ‘major<br />
moments’ of life – including marriage and<br />
children – and these milestones are often<br />
intricately connected with diamond jewellery.<br />
There’s considerable data to support this position.<br />
Statistics from China's Ministry of Civil Affairs<br />
released in 2023 revealed that in 2022, 6.83 million<br />
couples registered their marriages, down from<br />
7.63 million in 2021, a record low since 1986.<br />
Yiu said it was similar to what’s been witnessed<br />
in Western countries over the past two decades<br />
– and Australia is no exception.<br />
Recent research suggested that as many<br />
as one in seven Australian adults has a ‘de<br />
facto’ partner following a significant decline in<br />
marriage among those 35 and younger.<br />
As such, Yiu said there’s little reason to doubt<br />
that young consumers still have an emotional<br />
connection with diamond jewellery - it’s simply<br />
being realised later in life.<br />
Splash of colour<br />
Among the crowd of exhibitors was Kunming<br />
Diamonds, displaying a dazzling area of fancy<br />
colour diamonds.<br />
Marketing director Shubham Maheshwari said<br />
that because of the unique nature of the category,<br />
fancy colour diamonds have been somewhat<br />
sheltered from the broader challenges facing the<br />
diamond industry.<br />
“Market research has certainly been on the agenda<br />
of every visitor I’ve spoken to so far. Everyone is<br />
keen to see what’s available,” he explains.<br />
“Slow and steady has been the overwhelming<br />
sentiment as far as retailers are concerned.<br />
For our business, it’s a matter of relationship<br />
building. Connecting in person with partners<br />
and customers is invaluable.”<br />
Maheshwari said that recent high-profile auctions<br />
of fancy colour diamonds have kept the passion for<br />
these unique stones burning bright – and it’s hard<br />
to argue otherwise.<br />
Known as the Eden Rose, a ring featuring a<br />
10-carat fancy intense pink diamond was recently<br />
sold at Christie’s in New York. The pre-sale<br />
estimate at the 11 June auction was $USD9 million<br />
($AUD13.59 million).; however, the piece was sold<br />
for $USD13.3 million ($AUD20.08 million).<br />
At another auction in Geneva, a pink diamond<br />
was sold for $USD12 million ($AUD17.98<br />
million). The 6.21-carat fancy vivid pink type<br />
IIa diamond ring was the headline act of the<br />
13 May Geneva Jewels Auction.<br />
The Argyle Phoenix, a 1.56-carat fancy red<br />
diamond ring, also impressed buyers, returning<br />
close to triple its high estimate at $USD4.2<br />
million ($AUD6.29 million).<br />
“I think the fancy colour diamond market is very<br />
healthy, and in particular, we are experiencing<br />
a great deal of interest in fancy vivid yellows,”<br />
Maheshwari continues.<br />
“Auctions are still helping the industry significantly.<br />
They generate a lot of excitement and keep the<br />
enthusiasm for these pieces alive.<br />
“Fancy colour diamond collectors and customers<br />
are a unique type of consumer.<br />
"They’re very passionate and eager to learn all<br />
that they can. I think that it’s somewhat rare in the<br />
jewellery industry to have customers so devoted to<br />
researching the stones.”<br />
Strands of pearls<br />
As expected, the pearl section was a whirlpool of<br />
activity. Thousands of visitors piled into the pavilion<br />
each day to frantically negotiate prices over<br />
glowing strands of aquatic treasures.<br />
The fair offers a selection of pearls in various<br />
types, qualities, and prices. Suppliers of Akoya,<br />
South Sea, Tahitian, and freshwater pearls offer<br />
them in parcels, pairs, and strands.<br />
Designers and manufacturers showcase their<br />
newest collections of pearl jewellery, from<br />
larger-than-life statement pieces to stylish<br />
accessories ideal for everyday wear.<br />
It was a memorable trip to Hong Kong for Autore<br />
Pearls, as the company was named a finalist in<br />
the Environmental Stewardship category of the<br />
<strong>2024</strong> Sustainability Awards.<br />
Sam Shelley said the company was proud to be<br />
recognised for its sustainability and regenerative<br />
farming efforts.<br />
“What many people don't understand is pearl<br />
farming benefits the environment,” he explained.<br />
“It doesn't leave a footprint. The act of growing<br />
oysters is beneficial to the ocean. Oysters filter<br />
the water, and they hang freely from the lines.<br />
They don't obstruct any wildlife or catch anything in<br />
the nets, and oysters are also food for the fish.”<br />
“We’ve been supporting local communities<br />
with our beach cleanup efforts and coral reef<br />
regeneration programs employ the indigenous<br />
people in Indonesia, providing school funding.”<br />
<strong>August</strong> <strong>2024</strong> | 95
Autore's Enchantress necklace in 18-carat rose<br />
gold, adorned with 16 carats of pink diamonds<br />
and 23 carats of white diamonds, was proudly<br />
on display.<br />
A pear-shaped white diamond shines like a crown<br />
at the serpent's head, while the eyes and nostrils<br />
are embellished with rubies, black diamonds,<br />
and moonstones. The piece features 26 South<br />
Sea Keshi pearls collected over eight years.<br />
"In terms of jewellery, South Sea pearls are a<br />
major focus for us," Shelley continues.<br />
"The basics like studs and hooks will always be<br />
attractive to people, particularly because of the<br />
quality of the pearls.<br />
"We're seeing a move towards colour gemstones,<br />
which is interesting. We've been incorporating<br />
more and more colour gemstones into our new<br />
collections. People are chasing colour at the<br />
moment.<br />
Colours of the rainbow<br />
The fair offered opportunities to source the colour<br />
gemstone staples – ruby, sapphire, and emerald<br />
– alongside other eye-catching natural wonders<br />
such as tourmaline, spinel, tanzanite, alexandrite,<br />
morganite and more.<br />
Over the past four years, increasing prices for<br />
colour gemstones have been attributed to supply<br />
constraints, economic fluctuations, and rising<br />
consumer demand.<br />
Recent high prices at auctions are expected to<br />
impact market dynamics.<br />
With that said, despite the considerable rise in<br />
prices for colour gemstones in recent years,<br />
there remains a steady demand in the market.<br />
When on the hunt for an Australian presence<br />
at one of the largest jewellery fairs, opals<br />
stand out prominently.<br />
Opals have surged in popularity among Asian<br />
consumers in recent years, creating significant<br />
demand that challenges the supply chain.<br />
“Once upon a time, we had to rely on word-ofmouth<br />
to increase the popularity of opals and opal<br />
jewellery,” Tom King of Opal Pacific tells <strong>Jeweller</strong>.<br />
“Today, we are finding that interest in Australian<br />
opal is always rising. All varieties of opal are<br />
popular with Asian consumers; however, black<br />
opal is highly sought after.”<br />
Based in Auckland today, King says he still<br />
travels to the opal fields at least once a month.<br />
"We are really happy with the fair. Day one was<br />
busy enough to meet our budget, and it's been<br />
strong in the days that followed," he says.<br />
“I’ve found that Chinese markets tend to become<br />
knowledgeable and informed about trends very<br />
quickly, and I suppose it’s because of social media.<br />
Word about the beauty of Australian opal has<br />
certainly spread near and far.”<br />
Located nearby, the Red Radiance 2.0 – The<br />
Ruby’s Mine To Make Adventure attraction was<br />
a consistent hit with the visitors to the fair.<br />
An immersive experience, visitors were greeted<br />
by an in-person demonstration of ruby cutting by<br />
world-class artist Victor Tuzukov.<br />
Starting his career 24 years ago as a marine<br />
navigator and economist, Tuzlukov quickly<br />
became renowned for his mastery of gemstone<br />
cutting.<br />
He earned a graduate gemmology degree from GIA<br />
Moscow and gained international acclaim through<br />
numerous competition wins.<br />
In May 2020, his 3,051-carat kunzite, Fragility of<br />
the Eternal, set a Guinness World Record for the<br />
largest faceted spodumene, boasting 928 facets.<br />
His 116-carat tsavorite, Lion of Merelani, is<br />
housed in the Smithsonian and considered<br />
among the world's most significant gemstones.<br />
The exhibition included examples of various<br />
ruby specimens and remarkable jewellery<br />
and accessories crafted from ruby and gold.<br />
These include the Kleodora Queen Blue Clutch,<br />
made by ‘L’Aquart.<br />
The exhibition also included the chance to view<br />
ruby specimens through a microscope, with many<br />
visitors studying inclusions up close and personal<br />
for the first time.<br />
A special showroom was also established,<br />
allowing visitors to examine rubies with<br />
special ultraviolet torches.<br />
Wave of the future<br />
On 21 June, the JGA Spotlight: Meet the<br />
Future of <strong>Jeweller</strong>y Design panel was hosted.<br />
The event featured Austy Lee of Austy Lee Art<br />
<strong>Jeweller</strong>y, Sarah Zhuang of Sarah Zhuang <strong>Jeweller</strong>y,<br />
and Vitoria Wu of Osi Vitoria Jewelry. It was hosted<br />
by Pinky Seung, chairperson of the International<br />
<strong>Jeweller</strong>y Designers Association.<br />
A considerable amount of the discussion was<br />
dedicated to the future of the jewellery industry,<br />
with the panellists suggesting that it’s never been<br />
easier for individual designers to spread the word<br />
about their work.<br />
Social media was identified as the best way<br />
to achieve this, with the panellists agreeing to<br />
four crucial principles when it comes to digital<br />
marketing: consistency, creativity, personalisation,<br />
and research.<br />
The impact of Artificial Intelligence (AI) was also<br />
discussed at length, with these programs identified<br />
as helpful in assisting designers and jewellery<br />
manufacturers. With that said, it was agreed that<br />
they cannot replace or meet the needs of intricate<br />
human preferences.<br />
Action and excitement return to Hong Kong with<br />
<strong>Jeweller</strong>y and Gem World Hong Kong (JGW)<br />
from September 16 to 22. As the ruby exhibition<br />
has concluded, visitors will be greeted next time<br />
by RIENT Odyssey: From Shell to Market: The<br />
Fascinating Life of Pearls.<br />
As mentioned, the winners of the <strong>2024</strong> Sustainability<br />
Awards will also be announced. Once again, the<br />
show will be held at the Hong Kong Convention and<br />
Exhibition Centre and the Asia World Expo.<br />
96 | <strong>August</strong> <strong>2024</strong>
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<strong>August</strong> <strong>2024</strong> | 97
The world’s No.1 jewellery event is<br />
happening this September in Hong Kong!<br />
<strong>Jeweller</strong>y & Gem WORLD Hong Kong (JGW), the biggest B2B<br />
sourcing event of its kind, is offering an exceptional platform for<br />
the buying community to connect, forge partnerships and gain<br />
firsthand industry insights.<br />
Leveraging its “One Show, Two Venues” concept, JGW will<br />
host the jewellery materials section, featuring loose diamonds,<br />
coloured gemstones, pearls and other precious materials, at<br />
the AsiaWorld-Expo (AWE) from 16 – 20 September, and will<br />
showcase finished jewellery, packaging solutions, and tools,<br />
equipment and technologies from 18 – 22 September at the Hong<br />
Kong Convention and Exhibition Centre (HKCEC).<br />
Anticipated to host 3,300+ exhibitors from 40+ countries<br />
and regions, JGW will occupy more than 40 pavilions, including<br />
the renowned Fine Gem Pavilion (FGP), Fine Design Pavilion<br />
(FDP), International Premier Pavilion and CORE Pavilion – a<br />
section highlighting some of Hong Kong’s leading jewellery<br />
manufacturers.<br />
Edison Pearls, Hatta New World Co Ltd, Jewelmer, Paspaley and<br />
other key players in this sector. It is anticipated to highlight some<br />
of the most famous pearls in history, the latest advancements<br />
in modern pearl cultivation, testing and grading, and exceptional<br />
pearl collections, among others.<br />
Complementing the exhibition is a series of seminars on<br />
timely topics, further solidifying JGW’s position as the global<br />
meeting point for jewellery professionals.<br />
“Whether attendees are seeking to explore the latest trends<br />
or discover new designers and suppliers, they will find that<br />
JGW is an indispensable resource for staying ahead in the<br />
industry,” shared Celine Lau, Director of <strong>Jeweller</strong>y Fairs at Informa<br />
Markets <strong>Jeweller</strong>y.<br />
Online registration is open.<br />
New to JGW<br />
This year, JGW is raising the bar with the Sustainability<br />
Awards <strong>2024</strong> by JWA (<strong>Jeweller</strong>y World Awards), a global initiative<br />
that honours outstanding sustainability efforts undertaken by<br />
businesses of all sizes in the fine jewellery, gemstone and<br />
related industries. The Award Recipients will receive recognition<br />
at the JGW Fair Reception on 18 September. Moreover, finalists<br />
and winners have been invited to share their inspiring journeys,<br />
challenges and successes at JGW’s Sustainability Heroes<br />
Panel Series.<br />
Also not to be missed is the brand-new Gold <strong>Jeweller</strong>y<br />
Pavilion, a section dedicated to jewellery collections and<br />
accessories crafted from the precious metal. Here, buyers may<br />
immerse themselves in the offerings presented by China’s major<br />
gold jewellery manufacturers.<br />
Pearls, nature’s timeless wonders, are the stars of Orient<br />
Odyssey, a special showcase presented by Informa’s <strong>Jeweller</strong>y &<br />
Gem Knowledge Community in collaboration with Autore Pearls,<br />
Visitor Enquiry<br />
T +852 3709 4992<br />
E visitjgf-hk@informa.com<br />
REGISTER
HISTORY LESSON<br />
Back in Time<br />
IN THE FRENCH JURA<br />
The Jura Mountains in France hide a surprising past. Cheesemaking<br />
and gemcutting once thrived in these villages, a unique blend<br />
unseen today. JUSTIN K PRIM explores this fascinating history<br />
of the gemcutting cheesemakers of Septmoncel.
A mid-20th century view of Septmoncel.<br />
T<br />
ucked away in eastern France,<br />
near the Swiss border, is the Jura,<br />
a forest-covered mountain range<br />
that harbours a rich, hidden history in<br />
its secluded villages.<br />
If you were to visit these villages today, a casual<br />
observer might not notice anything which would<br />
indicate this region’s combined importance in<br />
the trades of gemcutting and cheesemaking.<br />
The mountain range is extensive; however,<br />
the scattered villages around the city of Saint-<br />
Claude have an unexpectedly unique story.<br />
The Jura mountains, whose name is derived<br />
from the Celtic word for ‘forest,’ have had people<br />
living on them since at least the 13th century.<br />
It’s a beautiful place; however, it has proven to<br />
be a challenging locality for people to survive.<br />
Harsh winters and poor soil mean that vegetable<br />
farming rarely yields anything of interest.<br />
The people who decided to call the Jura home<br />
have historically needed to look for other ways<br />
to feed themselves and earn a living. Raising<br />
cattle for meat and milk has long been a<br />
necessary tradition in the Jura.<br />
The area has long since had a tradition of<br />
cheesemaking, and local legend tells us<br />
how the techniques for producing cheese<br />
came to the region.<br />
Tales of yesterday<br />
Once, a monk from Chézery recklessly ventured<br />
into the middle of the mountains during a violent<br />
snowstorm, intending to go to Saint-Claude.<br />
Lost in the forest after hours of walking,<br />
blinded by large snowflakes and surrounded<br />
by wolves waiting for prey, the exhausted old<br />
monk let himself fall into the snow.<br />
Soon, a rugged mountain man, capable of<br />
facing the storm, passed by. He noticed the<br />
man covered in snow and realised he was still<br />
alive. He put the monk over his shoulders and<br />
carried him home in an attempt to save him.<br />
Warm and well-cared for in the peasant’s poor<br />
home, the monk gradually regained strength.<br />
Alive and well, the monk wanted to thank the<br />
family he owed his life to.<br />
The best way he could think of was to gift<br />
him the secret cheese-making technique that<br />
only the Chézery monks knew. Thanks to this<br />
production, this modest mountain family has<br />
lived in great material comfort since then.<br />
The secret gradually reached the rest of the<br />
mountain, generating real prosperity.<br />
For half a millennium, the other primary<br />
industry in this part of the Jura has been<br />
gemcutting, and local legend also tells<br />
about the origins of that trade.<br />
The story says that a watchmaker from<br />
Geneva named Michaud introduced<br />
gemcutting techniques to the Jura in 1735.<br />
The farming villages dotted across the<br />
mountaintops eagerly took to the trade<br />
because it gave them winter work without<br />
agricultural income.<br />
The soil is poor quality in the higher mountain<br />
altitudes, so the farms were meager. This<br />
might explain why the lapidary and cheese trade<br />
excelled in these plateau villages and in the<br />
Valserine Valley.<br />
Cheesemaking centre<br />
Goats and sheep have long occupied the<br />
mountainous areas of southern Haut-Jura;<br />
however, some cows were present, especially<br />
in the valleys and the local cheeses were<br />
traditionally made from goat and cow milk.<br />
The significant implantation of cows dates<br />
only from the 18th century when the textile<br />
industry, relying on goats and sheep, turned to<br />
other localities. This new bovine breed made it<br />
possible to develop the manufacturing process<br />
for ‘chevret’ and ‘blue’ cheese.<br />
Strangely enough, the centre of both of these<br />
traditions, cheesemaking and gemcutting, lies<br />
in the town of Septmoncel, a small mountain<br />
village 12 kilometres outside the local capital<br />
city of Saint-Claude.<br />
Bleu de Septmoncel cheese on a traditional Jurassian<br />
gemcutting bench.<br />
100 | <strong>August</strong> <strong>2024</strong>
HISTORY LESSON | Blue Sapphires & Blue Cheese<br />
Like Morbier, Bleu de Septmoncel was a<br />
women’s specialty. These two productions<br />
did not require, like Gruyère, the difficult<br />
manipulations of a well-muscled man.<br />
They were also relatively quick and required<br />
simpler hardware. As a result, the farmers<br />
had the opportunity to become the masters<br />
of these productions in their own homes.<br />
Bleu de Septmoncel has a delicate yellowish<br />
crust and is slightly floury under the finger.<br />
The ivory-white cheese is spotted with<br />
somewhat pale blue-green veins that give<br />
off a characteristic nutty flavour.<br />
A 20th century card depicting the products of the Jura including cheese from Septmoncel.<br />
Digging a little deeper, we can find factual<br />
accounts that help back up these anecdotal<br />
local legends.<br />
The origins of cheesemaking in the region<br />
seem to date back to the 12th century<br />
when monks from Dauphiné introduced the<br />
production technique to the monks in the<br />
abbey at Saint-Claude.<br />
Several documents, dating from around the<br />
beginning of the 19th century, shed light on<br />
the unique blue cheese that the residents of<br />
Septmoncel have since become known for.<br />
The lawyer and deputy Christin, Voltaire’s<br />
wrestling companion, presents in June of 1791<br />
a report defending the maintenance of the<br />
activities of the Salines de Montmorot, whose<br />
production is necessary for the manufacturers<br />
of the cheeses of ‘Gruyère’ and ‘Septmoncel’.<br />
In 1799, the Breton Lequinio, in his ‘Voyage<br />
Picturesque dans le Jura’, tells us, “To<br />
the south-east of Saint-Claude, and about<br />
two leagues from this town, you will find<br />
Septmoncel, a large village, and the capital<br />
of the district where the excellent cheeses<br />
that bear its name are made.<br />
“These are blue cheeses like those of Roquefort<br />
and which approach them in taste as much as<br />
in the appearance of the cut. It is one of the<br />
best types of cheese in France; and if it is not<br />
generally known there, it is because the district<br />
which supplies it is not large enough to produce<br />
a very considerable quantity of it.”<br />
A document from a little before 1800 indicates:<br />
“The so-called Septmoncel cheese is made<br />
exclusively in the communes of Septmoncel,<br />
Les Moussières, Bellecombe and Bouchoux;<br />
these last three do not even make any others.<br />
“Unlike Gruyère cheese, which is made with<br />
the help of a large number of cow owners<br />
mixing their milk to produce cheeses of 15,<br />
20 to 30 decimal pounds, these are made<br />
separately in each home.<br />
“Septmoncel cheese, having reached its point<br />
of maturity, is one of the best-known and has<br />
valuable properties for digestion. It would be<br />
better known if it could be transported further<br />
away. It goes to Lyon, Geneva, and Besançon,<br />
where it is very sought after; but only a small<br />
quantity is taken to Paris.”<br />
Also in 1799, François-Nicolas Eugène Droz,<br />
writes in a letter: “As for the Septmoncel<br />
cheese, after it has been purified, turned<br />
and returned in the mould, wiped on shelves<br />
placed around the wooden fireplace which is<br />
in the middle of the kitchen; it remains there<br />
for a few days… it ferments, then it is dried<br />
in the fireplace, and when it is completely<br />
dry, it is placed in the cellar from the field,<br />
safe from flies and mice; they then weigh<br />
15 to 20 pounds…”<br />
This cheese, he writes, is made by women.<br />
He explains; “The advantage of this production<br />
consists in the fact that … the whole thing costs<br />
nothing to manufacture, being done by women<br />
and children, while for the Gruyère, you need<br />
cheesemakers which cost [150 francs] for four<br />
months and which require good food; finally,<br />
Bleu de Septmoncel is usually sold in Lyon for<br />
five francs per quintal more than Gruyère.”<br />
A gemcutting workshop in Gex, early 20th century.<br />
It has a medium flavour that’s slightly fruity<br />
with hints of vanilla, spices, and mushrooms.<br />
Considerably larger than most blues, it is also<br />
recognisable thanks to its deep yellow inner<br />
paste and a high proportion of blue mould.<br />
It is firm and dense in texture, like a Stilton,<br />
but it tastes much spicier and less sweet.<br />
Gemcutting hub<br />
The story of Jurassian gemcutting is more<br />
complex than the origins of cheesemaking in<br />
the region. The part of the Jura that borders<br />
Geneva saw many population groups move<br />
back and forth over the years.<br />
With the rise of Calvinism in the 16th and<br />
17th centuries, many of nearby Geneva’s<br />
Catholic artisans from the watchmaking<br />
industry were pushed west across the<br />
French border due to religious persecution.<br />
At that time, Geneva was experiencing an<br />
exceptionally prosperous period with many<br />
wealthy merchants.<br />
When the extremist Calvinists rose to power,<br />
they pushed the merchants, watchmakers,<br />
jewellers, and their associated lapidaries<br />
out of the city.<br />
<strong>August</strong> <strong>2024</strong> | 101
This brought many families and their trade<br />
secrets to the Jura region, and Saint-Claude<br />
became a kind of mountaintop sanctuary for<br />
Catholic pilgrims.<br />
The local pastime handicraft of producing<br />
small wooden religious items meant that the<br />
local Jurassians already had a meticulous<br />
skillset when the lapidary trade arrived, and it<br />
spread quickly. It seems that the first lapidaries<br />
were present in the Jura around 1550.<br />
In 1685, with the Revocation of the Edict<br />
of Nantes, Protestant jewellers from the<br />
diamond-cutting trade were pushed out of<br />
an increasingly Catholic France, and many<br />
took refuge in Geneva. This revitalised<br />
the Swiss watchmaking industry and, by<br />
association, boosted the lapidary activity<br />
in the Jura.<br />
For this reason, the famous Protestant explorer,<br />
gemstone merchant, and jeweller of King Louis<br />
XIV, Jean-Baptiste Tavernier, sold his chateau in<br />
Aubonne near the base of the Jura mountains<br />
and left for Russia and, hopefully, safer lands to<br />
settle in.<br />
In 1704, the use of ruby bearings in mechanical<br />
watches was developed.The demand for tiny<br />
custom-cut rubies increased exponentially,<br />
giving rise to many lapidary shops around the<br />
Jura in villages such as Septmoncel and Mijoux<br />
and, a bit further down the mountain, closer to<br />
Geneva, in Gex.<br />
By 1770, there were 600 lapidaries working on<br />
the plateau of the Jura. From there, the industry<br />
increases steadily.<br />
Lapidary families such as Gauthier-Clerc,<br />
Dalloz-Furet, Hugon, Roland, Fournier, and<br />
Chevassus-Berche started to show their<br />
products to jewellers in Paris, and some<br />
families became merchants, facilitating the<br />
transfer of cut gemstones between the Jura<br />
and Paris.<br />
By 1770, this relationship with France’s capital<br />
caused the Jura to experience an economic<br />
boom. The Jurassian women began to dress<br />
themselves in the latest Parisian fashions<br />
and the town of Septmoncel became known<br />
as ‘Little Paris.’<br />
Jurassian Dairy Farmer, early 20th century.<br />
102 | <strong>August</strong> <strong>2024</strong><br />
A gemcutting workshop in Septmoncel in the early 20th Century.<br />
Cheesemaking lapidaries<br />
Let's consider that most of the gemcutting work<br />
in the Jura was done at home by family groups,<br />
such as husband and wife or brother and<br />
brother. We can imagine how easily these family<br />
groups would have shifted modes between the<br />
winter and summer.<br />
When the weather was nice, it was time to tend<br />
to the cows and the milk and the cheese. When<br />
the weather turned cold and snowed you in, it<br />
was time to focus on gemcutting.<br />
In this way, the Jura families could survive for<br />
hundreds of years and increase their standard<br />
of living from simple peasants in the 16th and<br />
17th centuries to ‘Little Paris’ in the 18th, 19th,<br />
and 20th centuries.<br />
Not only did the lapidary farmers raise and<br />
milk cows, but they also possessed the secret<br />
of cheesemaking. As time passed, they<br />
developed specific techniques to make a kind of<br />
blue cheese that would become known as Bleu<br />
de Septmoncel, later known as Bleu de Gex.<br />
Like cheesemaking, gemcutting was also<br />
very much a women’s art. In surviving photos,<br />
we often see more women than men in French<br />
gemcutting factories and studios.<br />
In 1856, Alphonse Rousset, in the Dictionary<br />
of the Communes of Jura, wrote the following:<br />
“The main source of income for residents is<br />
cheese making. This production includes only<br />
the famous blue cheeses known as Septmoncel<br />
as well as Chevret, a sort of small squareshaped<br />
cheese with a soft consistency, which<br />
are not likely to be exported far away and are<br />
consumed almost exclusively in Franche-<br />
Comté; manufacturing has seven main cheese<br />
centres, each formed from the meeting of a<br />
certain number of owners or farmers who pool<br />
the daily product of their livestock and then<br />
share the sale price."<br />
He continued: “Independently of these<br />
associations, there are still a few individuals,<br />
but in very small numbers, who alone or with<br />
the help of one or two neighbours also engage<br />
in the same manufacturing.”<br />
Therefore, the transition from manufacturing to<br />
cheese production had already become a reality.<br />
“There are as many cheese factories as there<br />
are households. Each resident makes their<br />
own cheeses in their home. We make two kinds<br />
of it, one called Septmoncel, which is of the<br />
first quality, and the other called Gruyère. The<br />
production of blue cheese amounts to 40,000<br />
kilograms annually. It originated in this town.”<br />
In 1861, the Annuaire du Jura said explicitly:<br />
“This type of cheese is made in the cantons<br />
of Saint-Claude and Morez; There are no<br />
cheese companies for grey-blue cheeses;<br />
each cow owner makes and sells for his own<br />
account. Twenty-three municipalities were<br />
manufacturing them at the time.”<br />
It was likely that gemcutting men would tend<br />
to the fields and the cows while the gemcutting<br />
women would work on the production of the<br />
Bleu de Septmoncel when the weather warmed.<br />
Development of two industries<br />
Over the next 150 years, the lapidary trade<br />
in the Jura continued to increase.<br />
By 1920, it’s estimated that there were<br />
8,000 lapidaries in the Jura Mountains,<br />
with the significant gemcutting centre<br />
being Septmoncel.<br />
These cutters mainly were cattle farmers<br />
seeking employment in the winter months,<br />
though some families chose to cut all year.<br />
With <strong>August</strong>e Verneuil’s creation of the<br />
synthetic ruby, the Jura became proficient in<br />
producing faceted synthetic gemstones. After<br />
World War I, the lapidary activity in Jura peaked.
HISTORY LESSON | Blue Sapphires & Blue Cheese<br />
In the 1920s, there was an increased demand<br />
for square sapphires and baguettes with<br />
lozenge tables, which the US market was very<br />
fond of.<br />
These gemstones were sold in Paris, which<br />
had become an important gemstone and<br />
jewellery trading centre.<br />
The financial crisis of the 1930s hit the Jura<br />
cutting industry and destroyed many local<br />
lapidary businesses.<br />
In the 1950s, another wave of financial despair<br />
moved through the region and nearly wiped out<br />
all the at-home workshops.<br />
The home gemcutting business declined until<br />
1989 when the final home workshop closed.<br />
Fortunately, the blue cheese industry has<br />
survived better than the Jurassian lapidary<br />
industry.<br />
Director of the National Dairy School of Poligny,<br />
P. Sajous, noted in 1935: “Due to<br />
the difficulties of transporting milk for farms<br />
far from villages, farm manufacturing still<br />
has great importance.”<br />
By 1859, 23 municipalities in the borough of<br />
Saint Claude produced 253,000 kilograms of<br />
Bleu de Septmoncel.<br />
A card advertising Bleu de Septmoncel.<br />
Cows grazing in the green fields of the Jura, early 20th century.<br />
At the start of production, the peasants made<br />
cheese on the farms; however, progressive<br />
currents in the Saint Claude sector and<br />
economic prospects caused the birth of<br />
cooperative groups who produced the local<br />
cheeses, including Bleu de Septmoncel.<br />
By 1931, these cooperatives produced 560<br />
tonnes of the unique blue cheese compared<br />
with only 120 tonnes on isolated farms.<br />
In the middle of the 20th century, throughout<br />
the Haut Jura, there were more than 30 cheese<br />
production collectives of various importance,<br />
and the Municipality of Septmoncel had four<br />
of them, located in the hamlets of Vie Neuve,<br />
Montépile, Clavière and Manon.<br />
The success of the cheese and the<br />
manufacturing collectives led the Ministry<br />
of Culture, with the financial support of<br />
the General Council and the Chamber of<br />
Agriculture of the Jura, to create a mixed<br />
training school for cheese making in La Pesse<br />
in 1925.<br />
This training was led by teachers from L’E.N.I.L.<br />
in Poligny and operated each year over four<br />
winter-time months.<br />
In France, the appellation d’origine<br />
contrôlée (AOC) is a label that identifies<br />
products produced in a defined<br />
geographical area — the terroir —using<br />
recognised and traditional techniques.<br />
Bleu de Septmoncels cheese, also known as<br />
Bleu de Gex, was able to define its terroir and<br />
protect its heritage and name, being one of the<br />
first to receive the AOC label in 1935.<br />
Bleu de Gex (as it is mainly known today) also<br />
has a Protected Designation of Origin (PDO).<br />
This European label guarantees consumers<br />
that all stages of production take place in the<br />
delimited geographical area of the Appellation<br />
— the Haut-Jura, straddling the departments<br />
of Ain and Jura.<br />
All manufacturing, from milk production to<br />
cheese maturing, takes place exclusively in<br />
this area.<br />
Today, two cooperative cheesemakers make<br />
Bleu de Gex, and only one farm workshop<br />
remains.<br />
On the cutting side, two small workshops<br />
remain in Saint-Claude and the surrounding<br />
region.<br />
Fortunately, it’s still possible to have gemstones<br />
cut in the centre that was once the biggest in<br />
the world, and it’s still possible to taste the<br />
unique flavour of Bleu de Septmoncel, the<br />
cheese that the gem-cutters of Septmoncel<br />
started making more than 200 years ago.<br />
JUSTIN K PRIM is an American gem-cutter.<br />
He has studied gem-cutting traditions worldwide<br />
and attended gemmology programs at GIA and<br />
AIGS.Prim taught gemmology and gemcutting<br />
at AIGS and IGT in Bangkok, and in 2021, he<br />
published his first book, The Secret Teachings<br />
of Gemcutting. He is the founder of Faceting<br />
Apprentice, an online gem-cutting school, and<br />
he also writes articles, produces videos and<br />
gives talks about gem-cutting history. Visit:<br />
www.justinkprim.com<br />
<strong>August</strong> <strong>2024</strong> | 103
BUSINESS<br />
Strategy<br />
Lessons in psychology from<br />
Charlie Munger<br />
To fix an issue, we must understand how it occurred.<br />
DAVID BROWN explores the psychology behind decision-making.<br />
In November, the world lost one of the<br />
great investors. Charlie Munger was<br />
just five weeks shy of his 100th birthday<br />
- a man who'd learned two lifetimes of<br />
lessons in one.<br />
As Warren Buffett's right-hand man,<br />
Munger amassed a fortune as a<br />
shrewd investor. His understanding<br />
of human nature, as something of an<br />
amateur psychologist, prepared him<br />
well for this process.<br />
Ironically, in the end, he broke one of his<br />
own cardinal rules – know where you’re<br />
going to die, and make sure you never<br />
go there!<br />
Many of Munger’s observations of human<br />
nature in investing also apply equally<br />
to understanding staff and customer<br />
behaviour. Read the following observations<br />
closely, and remember them next time<br />
you’re managing your business.<br />
Reward and punishment: Human beings<br />
are often driven by the prospect of reward or<br />
the fear of punishment.<br />
Whether a customer seeks discounts or an<br />
employee strives for a promotion, the allure<br />
of rewards and the aversion to punishments<br />
shape decision-making processes.<br />
Like and love: People tend to overlook faults<br />
or favour individuals, products, or actions<br />
associated with the things they love.<br />
This bias can influence customer loyalty<br />
and employee commitment, as individuals<br />
gravitate towards what resonates with<br />
their emotions.<br />
The old saying that we ‘buy the people, not<br />
the product’ has never been more accurate.<br />
Dislike and hate: Conversely, the dislike and<br />
hate tendency drives individuals away from<br />
objects or people they harbour negative<br />
feelings towards.<br />
This aversion can lead to customer<br />
churn or workplace conflicts if not<br />
addressed effectively.<br />
Doubt avoidance: The rush to make quick<br />
decisions without all the facts stems from a<br />
doubt avoidance tendency.<br />
This may lead to impulsive purchases<br />
in customer service, while in staff<br />
management, it can result in hasty<br />
decisions without proper evaluation and<br />
consideration.<br />
Inconsistency and avoidance: Human<br />
beings are often reluctant to take the<br />
actions needed to change or eliminate<br />
bad habits.<br />
This tendency can hinder organisational<br />
improvement if employees resist adapting to<br />
new processes or technologies. Put simply,<br />
this tendency can be attributed to our<br />
inherent laziness.<br />
The simpler you make a task, the more<br />
likely it is to happen.<br />
Curiosity: Curiosity drives exploration<br />
and discovery, influencing customer<br />
engagement with new products or services<br />
and inspiring staff to seek innovative<br />
solutions to challenges.<br />
This can often appear in our desire to ‘see<br />
something new’, whether it is more product<br />
choices or a new staff training means.<br />
Fairness: The innate desire to do what is<br />
suitable for others guides customer service<br />
interactions and workplace dynamics,<br />
Human beings<br />
are often<br />
reluctant<br />
to take the<br />
actions needed<br />
to change or<br />
eliminate bad<br />
habits.<br />
fostering trust and cooperation.<br />
We inherently want to do what's right or<br />
what’s just in most circumstances.<br />
Envy and jealousy: Warren Buffett once<br />
remarked, "It's not greed that drives the<br />
world but envy."<br />
Envy can fuel consumer trends and<br />
workplace dynamics, influencing<br />
perceptions of fairness and equality. Envy<br />
between staff over their perceived equal<br />
treatment or customers over getting the<br />
same ‘good deal’ as someone else can<br />
motivate many adverse reactions.<br />
Reciprocation: The desire to reciprocate<br />
favours received influences customer<br />
loyalty programs and workplace<br />
camaraderie, creating mutually<br />
beneficial relationships.<br />
Association: The inclination to believe in<br />
social proof affects consumer purchasing<br />
decisions and employee perceptions of<br />
organisational culture.<br />
This phenomenon explains why ‘likes’ on<br />
social media and customer Google reviews<br />
have become such critical parts of the<br />
purchasing process.<br />
Most people would rather be wrong than<br />
go against the accepted group-think!<br />
Understanding these psychological<br />
tendencies is crucial for businesses<br />
aiming to optimise customer experiences<br />
and foster a positive work environment.<br />
By recognising and addressing these<br />
influences, organisations can better meet<br />
the needs of both customers and staff,<br />
ultimately driving success in an everevolving<br />
marketplace.<br />
104 | <strong>August</strong> <strong>2024</strong>
Deeper down the rabbit hole<br />
In the intricate web of human behaviour,<br />
many psychological traits influence how<br />
we interact with each other and the world<br />
around us.<br />
From the desire for rewards to avoiding<br />
pain, these traits significantly shape<br />
customer and staff behaviour within<br />
various contexts.<br />
Let's delve further into the intricate nature<br />
of psychological tendencies and their<br />
impact on human actions.<br />
Pain avoidance denial: The reluctance<br />
to accept negative realities can lead<br />
to customer dissatisfaction or staff<br />
resistance to new initiatives and changes<br />
within the business.<br />
As humans, we don't like bad news and<br />
will do whatever it takes to avoid receiving<br />
it. For customers, this can be as simple as<br />
avoiding purchasing frictions, such as not<br />
accepting specific payment methods or<br />
restricted trading hours.<br />
Excessive self-regard: Overestimating<br />
one's abilities can impact customer service<br />
interactions and hinder collaboration<br />
among staff.<br />
Studies have discovered that 80 per cent of<br />
drivers consider themselves above average.<br />
That is a statistical impossibility! When<br />
dealing with staff performance in particular,<br />
it's important to keep this fact in mind.<br />
Over-optimism: Ambition can drive<br />
consumer spending and entrepreneurial<br />
endeavours; however, unchecked optimism<br />
may lead to unrealistic expectations and<br />
subsequent disappointments.<br />
Be careful not to overestimate the impact of<br />
your work. I once had a client who expected<br />
one in three customers to visit their store<br />
after receiving a marketing mailout.<br />
Given a healthy result would be one in 20,<br />
this was overoptimism at its finest!<br />
Displeasure: People often react<br />
more strongly to potential losses than<br />
equivalent gains.<br />
This influences consumer risk aversion<br />
and employee response to incentives. Even<br />
though the outcomes are identical, we will<br />
do more to avoid losing $1,000 than we will<br />
to gain $1,000.<br />
Social proof: The belief that something<br />
is right because others confirm it guides<br />
consumer behaviour and organisational<br />
decision-making processes.<br />
This is why celebrity endorsement is so<br />
successful - despite the celebrity's typical<br />
lack of expertise or knowledge of the field<br />
in question.<br />
Contrast misreaction: The tendency to<br />
emphasise differences disproportionately<br />
can influence consumer perceptions of<br />
product value and employee performance<br />
evaluations.<br />
A $500 savings on a $1,000 item will always<br />
be viewed as a better outcome than a $500<br />
savings on a $10,000 item.<br />
Availability: Giving undue importance to<br />
recent or easily accessible information can<br />
lead to biased decision-making in customer<br />
service and staff management.<br />
If the past two days of trading have been<br />
quiet, you are more likely to believe you are<br />
in a sales slump for the month than if the<br />
last two have been strong - even if you had<br />
achieved the same level of sales to date<br />
over the month.<br />
Use it or lose it: Skills that aren't<br />
CHARLIE<br />
MUNGER:<br />
FAST FACTS<br />
Life<br />
Born in January<br />
1924, died in<br />
November 2023<br />
Employment<br />
Vice chairman<br />
of Berkshire<br />
Hathaway<br />
Wealth<br />
Net worth of<br />
$USD2.6 billion<br />
Crowning<br />
achievement<br />
Described as<br />
an architect of<br />
modern business<br />
philosophy<br />
utilised diminish over time, impacting<br />
employee performance and<br />
organisational adaptability.<br />
We tend to do better at what we do more<br />
often. Therefore, it's essential to ensure<br />
your staff stays familiar with all product<br />
lines across the business.<br />
Authority: The inclination to follow<br />
authority blindly can lead to conformity in<br />
consumer behaviour and hinder innovation<br />
in the workplace.<br />
Creating a workplace where staff are<br />
fearful of questioning the status quo can be<br />
detrimental to the business long term.<br />
Respect and reason: Providing clear<br />
reasons for actions fosters customer trust<br />
and employee engagement, enhancing<br />
overall satisfaction and productivity.<br />
Staff, and even customers, will be more<br />
accepting of circumstances if they<br />
understand their reasoning.<br />
How many of these twenty psychological<br />
tendencies are a factor in your business?<br />
What do you notice within your staff,<br />
customers, or even yourself? How can<br />
you utilise your knowledge of these<br />
traits to increase sales or smooth the<br />
processes of human interaction with your<br />
staff and customers?<br />
The best time to implement an action<br />
plan using these insights into human<br />
behaviour was yesterday. The second best<br />
time is today!<br />
DAVID BROWN is co-founder<br />
and business mentor with Retail<br />
Edge Consultants. Learn more:<br />
retailedgeconsultants.com<br />
<strong>August</strong> <strong>2024</strong> | 105
BUSINESS<br />
Selling<br />
Understanding the importance<br />
of email marketing in sales generation<br />
Looking for a new strategy to improve sales at your jewellery store?<br />
ALEX FETANAT outlines the value of email marketing campaigns.<br />
Email marketing is crucial in generating<br />
sales for your jewellery store.<br />
of emails are now being opened on<br />
mobile devices.<br />
It allows you to reach out directly to<br />
your target audience and engage with<br />
them personally.<br />
By sending well-crafted emails, you<br />
can capture the attention of potential<br />
customers and entice them to make a<br />
purchase, visit your store, or schedule<br />
an appointment.<br />
Use a responsive design and test your<br />
emails on different devices. This is<br />
important for ensuring a seamless user<br />
experience.<br />
In addition, optimise your email copy and<br />
call-to-action (CTA) buttons. Make your<br />
copy concise, persuasive, and actionoriented.<br />
With the rise of social media and other<br />
digital marketing channels, some<br />
may argue that email marketing is no<br />
longer effective.<br />
However, studies have shown that<br />
email remains one of the most effective<br />
ways to generate sales. According to<br />
a report by DMA, for every $1 spent on<br />
email marketing, the average return on<br />
investment is $42.<br />
This highlights the immense potential of<br />
email marketing in driving revenue for your<br />
jewellery store.<br />
That leaves us with an important question.<br />
How do we craft compelling email<br />
campaigns for maximum impact?<br />
To maximise the impact of your email<br />
marketing campaigns, you must create<br />
compelling emails that grab your<br />
recipients' attention.<br />
In this regard, it’s important to start by<br />
understanding your target audience<br />
and their preferences. This will help you<br />
tailor your emails to their specific needs<br />
and interests.<br />
When crafting your emails, make sure you<br />
focus on creating engaging and persuasive<br />
content. Use attention-grabbing subject<br />
lines, compelling visuals, and concise yet<br />
informative copy.<br />
Incorporate storytelling techniques to<br />
connect with your audience emotionally<br />
and showcase the unique value proposition<br />
of your jewellery store.<br />
Furthermore, consider utilising various<br />
types of emails, such as promotional<br />
emails, newsletters, and personalised<br />
recommendations.<br />
By diversifying your email campaigns,<br />
you can cater to different segments of<br />
your audience and increase the chances<br />
of conversion.<br />
Personalisation & Segmentation<br />
Personalisation and segmentation are<br />
powerful strategies that can significantly<br />
improve the effectiveness of your email<br />
marketing efforts.<br />
By personalising your emails based on the<br />
recipient's preferences, past purchases,<br />
or browsing history, you can create a more<br />
personalised and tailored experience for<br />
each individual.<br />
Segmentation involves dividing your<br />
email list into specific groups based on<br />
demographics, interests, or behaviours.<br />
This allows you to send targeted<br />
emails to different segments,<br />
increasing the relevance and<br />
engagement of your messages.<br />
For example, you can send a special<br />
discount offer to customers who have<br />
previously purchased jewellery from your<br />
store, rewarding them for their loyalty to<br />
your business.<br />
By utilising personalisation and<br />
segmentation, you can deliver highly<br />
relevant and targeted emails that resonate<br />
with your audience, leading to higher open<br />
rates, click-through rates, and, ultimately,<br />
more sales and appointments.<br />
Optimisation<br />
Optimising your email content is essential<br />
for achieving higher conversion rates.<br />
Start by ensuring that your emails are<br />
mobile-friendly, as a significant portion<br />
“Incorporate<br />
storytelling<br />
techniques to<br />
connect with<br />
your audience<br />
emotionally<br />
and showcase<br />
the unique<br />
value<br />
proposition of<br />
your jewellery<br />
store.”<br />
Clearly state the benefits of your products<br />
or services and provide a clear next step<br />
for the recipient to take. Using eyecatching<br />
and strategically placed CTAs will<br />
encourage clicks and conversions among<br />
your customers.<br />
Furthermore, consider implementing<br />
A/B testing to experiment with different<br />
elements of your emails, such as subject<br />
lines, visuals, and CTAs.<br />
This will help you identify what resonates<br />
best with your audience and optimise your<br />
email content accordingly.<br />
Measuring success<br />
Measuring the success of your email<br />
marketing campaigns is crucial for<br />
continuous improvement and further<br />
optimisation.<br />
Monitor key metrics such as open rates,<br />
click-through rates, conversion rates,<br />
and revenue generated from email<br />
campaigns. This will provide insights into<br />
the effectiveness of your strategies and<br />
help you identify areas for improvement.<br />
Based on the data and analytics,<br />
adjust your email marketing strategies<br />
accordingly.<br />
Don’t be afraid to experiment with<br />
different approaches, such as changing<br />
the frequency of emails, modifying the<br />
content, or targeting different segments.<br />
Continuously monitor the results and<br />
make data-driven decisions to optimise<br />
your campaigns for maximum impact.<br />
Good luck!<br />
ALEX FETANAT is founder and CEO of<br />
the GemFind Network, a US-based digital<br />
marketing firm for the jewellery industry.<br />
Visit: gemfind.com<br />
106 | <strong>August</strong> <strong>2024</strong>
BUSINESS<br />
Management<br />
Finding something difficult?<br />
Search for simplicity!<br />
If you’re facing a complicated obstacle, the best move is to break the solution down into simple steps.<br />
SHEP HYKEN explains the value of simplifying complex tasks.<br />
Earlier this year, I wrote an article<br />
about the hard work required to make<br />
something look effortless.<br />
I quoted several people from sports,<br />
entertainment, and business. The gist of<br />
the article was that we work hard to make<br />
doing business with us easy. Consider the<br />
quote I used from Steve Jobs of Apple, who<br />
said, “It takes a lot of hard work to make<br />
something look simple.”<br />
This made me think further about how<br />
cars are maintained. It’s not much<br />
different from how you would want to run<br />
your business.<br />
Reliability: Assuming you have a good<br />
product, you want to create processes<br />
that are customer and employee friendly.<br />
The experience must, at minimum, meet<br />
your customers’ expectations. That builds<br />
confidence and customer satisfaction.<br />
Notice that Jobs’ quote uses the word<br />
simple. Sometimes, people confuse simple<br />
with easy, and it’s essential to recognise<br />
the difference between the two words.<br />
So, let’s take this concept to the<br />
next level. It’s not only about making<br />
something look easy. It’s about<br />
simplifying the complicated.<br />
When I’m asked to give a customer<br />
experience keynote speech, one of the<br />
points I like to make is the importance of<br />
simplifying the complicated.<br />
All my books are easy to read. Some say<br />
the concepts are simple, but the reality<br />
is that they are often not. They are just<br />
presented in a way that simplifies the<br />
concepts for the reader. And we must do<br />
the same in business.<br />
Customers don’t want or like<br />
complication, confusion, or friction. They<br />
want a customer-friendly experience, but<br />
they also want the overall experience to<br />
be convenient.<br />
My annual customer service and<br />
experience research includes some<br />
very compelling findings that will make<br />
you want to simplify your customers’<br />
experience.<br />
For example, 94 per cent of the more<br />
than 1,000 consumers we surveyed said<br />
convenience is important, 87 per cent of<br />
customers will recommend a convenient<br />
company or brand, and 70 per cent will pay<br />
more for convenience.<br />
As important as convenience is to the<br />
customer experience, there is more to ‘decomplicating’<br />
the overall experience.<br />
For example, how clear are your marketing<br />
messages and product descriptions? I’ve<br />
been to websites where, after reading<br />
everything on the company’s home page,<br />
I still don’t know exactly what they do!<br />
They’ve complicated their message.<br />
The concept of simplicity is financially<br />
powerful. Siegel+Gale is a consulting firm<br />
that specialises in making brands simple.<br />
Research shows a financial benefit to<br />
creating simplicity. In 2009, if you invested<br />
in a group of companies recognised for<br />
simplicity, you would have dramatically<br />
outperformed the stock market by a<br />
whopping 1,600 per cent - proving that<br />
simplicity delivers in return on investment.<br />
It’s important to remember that simple<br />
does not always mean easy. You can have a<br />
very complicated and technical product.<br />
My sister used to work with companies to<br />
rewrite complicated software manuals so<br />
that the average person could understand<br />
them. That’s a perfect example of<br />
simplifying the complicated.<br />
Consider the following analogy to simplify<br />
a complex subject.<br />
I was talking to a friend the other day,<br />
and he purchased an expensive new car.<br />
Unfortunately, the car was a ‘lemon’.<br />
The car has spent more time at the<br />
mechanics than in his garage. If it were<br />
me, I’d ask the dealer to replace it. He has<br />
more patience than I and gave the dealer<br />
another chance to fix the car.<br />
It made me think that what looks good on<br />
the outside may be better on the inside.<br />
Unfortunately, some businesses fall<br />
into the same category as my friend’s<br />
automobile. They look good on the outside,<br />
with fantastic marketing and advertising,<br />
a fancy website, and a beautiful building;<br />
however, when it comes to caring for the<br />
customer, they fail.<br />
It’s not only<br />
about making<br />
something look<br />
easy. It’s about<br />
simplifying the<br />
complicated.<br />
Routine maintenance: You want to keep<br />
your car properly maintained with routine<br />
maintenance. In the customer service<br />
world, we could consider this ongoing<br />
training that keeps your employees sharp<br />
with the latest tools and technology.<br />
Alignment: I wrote about focusing on<br />
employees first a few years ago. My<br />
weekly cartoon included the caption, “If<br />
an employee’s experience isn’t at least as<br />
good as the customer’s, the customer’s<br />
experience can be shaky, and the entire<br />
company can suffer.”<br />
In other words, there needs to be<br />
alignment between the customer<br />
experience and the employee experience.<br />
Feedback: When we take our car to a<br />
dealer, a mechanic hooks a computer up to<br />
perform a diagnostic check.<br />
In the business world, this is akin to your<br />
customers' feedback. You must have a<br />
system that collects feedback and allows<br />
you to repair and maintain the experience<br />
so it continues to meet, if not exceed your<br />
customer’s expectations.<br />
Update: New vehicles offer an updated<br />
look in addition to updates under the<br />
hood, which could include more efficient<br />
engines, the latest technology, and more.<br />
Product improvements, new technology,<br />
new processes, and more can give your<br />
customers a fresh experience.<br />
Like maintaining a car, fine-tuning your<br />
customer service and experience ensures<br />
your business runs smoothly.<br />
SHEP HYKEN is a speaker and New<br />
York Times and Wall Street Journal<br />
best-selling author who works with<br />
companies to build loyal relationships<br />
with customers and employees.<br />
Visit: hyken.com<br />
<strong>August</strong> <strong>2024</strong> | 107
BUSINESS<br />
Marketing & PR<br />
Your business is ready for a marketing<br />
makeover: Part II<br />
The time has come to embrace a new strategy.<br />
GEORGANNE BENDER and RICH KIZER continue the series on marketing makeovers.<br />
In the second chapter of this series on<br />
marketing strategy reinvention, we begin<br />
with further ideas for your sales floor.<br />
Answer your telephone within three<br />
rings. Choose how you want your phone<br />
answered and share it with all associates.<br />
Complete a 360-degree pass-by every<br />
morning before you open for business.<br />
Start at the front door and walk every aisle<br />
in the store, finish with a look at the service<br />
counter, cutting tables, and restrooms.<br />
Take note of areas that need attention<br />
before the store opens for the day.<br />
Encourage all your employees to make the<br />
same observations.<br />
Utilise a daily store opening checklist<br />
that lists the tasks to be completed the<br />
next day.<br />
A simple answer might be, “Thank you<br />
for calling X! This is X. How may I help<br />
you today?”<br />
Don't hide behind voice mail, and don't<br />
make staff tell customers about a sale,<br />
hours, or whatever is happening in the<br />
store that day before asking how they can<br />
help - this drives customers crazy!<br />
Manage your customer response times.<br />
Best practices recommend returning<br />
phone calls, responding to email requests<br />
within 24 hours, and replying to text<br />
messages within an hour.<br />
Set a daily sales goal and post it at the<br />
sales counter. Your staff will perform<br />
better when they know what’s expected of<br />
them each day.<br />
Hold a 10-minute‘jog your memory’<br />
meeting each morning or at the start of<br />
each shift.<br />
Discuss products, policies, promotions –<br />
anything store staff need to know that day.<br />
Take time to visit other retail stores for<br />
ideas — not just stores similar to yours but<br />
all types of stores.<br />
Visit popular chain and indie retail<br />
websites and social media. With your<br />
creative mind, we guarantee you will come<br />
up with dozens of ideas you can tweak to<br />
use in your own store.<br />
At the counter<br />
The policy should be framed and displayed<br />
prominently at the counter. Your return and<br />
exchange policy should be comparable to<br />
that of other retailers in your area that sell<br />
what you sell.<br />
Try to eliminate the word ‘no’ and write<br />
your policies in a friendly voice. For<br />
example, “No refunds or exchanges<br />
without a receipt” becomes customerfriendly<br />
when changed to “We gladly<br />
accept returns and exchanges within X<br />
days. Your receipt guarantees it.”<br />
Place a variety of impulse items at<br />
the counter.<br />
High-margin, inexpensive items work<br />
best; you should give them a selection<br />
they can’t resist.<br />
Sell gift cards year-round at the<br />
counter. A small display is all you need.<br />
Remember that most gift card shoppers<br />
spend more than the face value of the<br />
card and require more than one trip to<br />
your store to spend it.<br />
That’s good news for you!<br />
Use the wall directly behind your<br />
counter to display products. You never<br />
want customers to stop thinking about<br />
products, even when checking out.<br />
Instead of notes taped to the wall and<br />
piles of merchandise, use that space to<br />
display featured items, new arrivals, and<br />
impulse products.<br />
Keep a stash of frequently forgotten items<br />
at the counter. When a customer says, “I<br />
forgot to get X, I’ll get it next time, “ you<br />
can reach under the counter, grab that<br />
item, and save the sale.<br />
Store operations<br />
Your store should be open when<br />
customers expect you to be open.<br />
There is no perfect answer to when you<br />
should be open because the answer<br />
depends on the time of year, your<br />
competition and what shoppers expect.<br />
It’s important to note that many retail<br />
sales happen after 7:00 pm, which<br />
explains why shopping centres and chain<br />
stores stay open until 9:00 pm.<br />
You should be open some evening hours<br />
and on Sundays as well.<br />
Place various<br />
impulse items<br />
at the counter.<br />
High-margin,<br />
inexpensive<br />
items work<br />
best, and<br />
you should<br />
give them a<br />
selection they<br />
can’t resist.<br />
Don’t hide behind an automatic reply<br />
unless it’s necessary. Not being<br />
responsive gives a wrong impression of<br />
your business.<br />
Control your backstock. Before you<br />
reorder, ensure there are no additional<br />
quantities of that product in your<br />
storeroom.<br />
If you need a physical reminder, place<br />
a green dot sticker on the shelf or bin<br />
ticket indicating that there is more of this<br />
merchandise in the stock room.<br />
When there is no more of the item in<br />
the stock room, replace the green dot<br />
with a red dot indicating that it needs to<br />
be reordered.<br />
Add a black dot if the item is not to be<br />
reordered, or mark it down and move it to<br />
the clearance aisle.<br />
Don’t wait too long to take a markdown.<br />
Merchandise that isn’t selling doesn’t do<br />
you any good collecting dust on a shelf.<br />
It needs to free up cash to buy fresh,<br />
saleable products.<br />
Add a ‘sell by’ date to price tags and bin<br />
tickets, and mark down items as soon as<br />
sales slow down. Packing away products<br />
for next year is rarely a good idea.<br />
In the next issue of <strong>Jeweller</strong>, the marketing<br />
overhaul continues with part three.<br />
RICH KIZER and GEORGANNE BENDER<br />
are retail strategists, authors and<br />
consultants. Visit: kizerandbender.com<br />
108 | <strong>August</strong> <strong>2024</strong>
BUSINESS<br />
Logged On<br />
Take customer experience to<br />
a new level: Part I<br />
Artificial Intelligence is reshaping retail. JEANNIE WALTERS explains how your<br />
business can benefit from AI programs.<br />
Artificial Intelligence (AI) is so<br />
ingrained in our daily lives that it’s now<br />
unavoidable — and evolving rapidly.<br />
Most businesses see AI's potential<br />
to enhance efficiency and streamline<br />
operations.<br />
As business owners, it’s our responsibility<br />
to learn how we can apply AI to transform<br />
our customer experiences.<br />
It’s time to test the limits of these<br />
programs and see what they excel at and<br />
where they fall short.<br />
I understand that you might not feel ready.<br />
The secret is that very few business<br />
owners do. Take it one step at a time, and<br />
don’t be afraid to try new things.<br />
Regarding customer experience,<br />
companies focus on providing customers<br />
with round-the-clock support, swift<br />
problem resolution, and tailored<br />
recommendations.<br />
Business owners and managers need<br />
to understand and strongly advocate for<br />
the best ways to leverage AI in customer<br />
experiences.<br />
Intelligent experience machines<br />
Of course, many of us are still early in our<br />
AI adoption journey, and we have many<br />
other priorities.<br />
AI strategy lies in developing intelligent<br />
ways to collect, react to, and use the right<br />
data at the right time.<br />
To succeed with AI, we need to know just<br />
enough about what’s happening, how to<br />
get the best results, and how to protect<br />
our customer relationships.<br />
To help you start or fine-tune your<br />
strategy, let’s explore the crucial facts<br />
business owners need to understand<br />
about AI.<br />
What’s the difference?<br />
AI is the ability of machines to exhibit<br />
human-like intelligence. It involves a<br />
few areas, such as machine learning,<br />
neural networks, and natural language<br />
processing.<br />
Those enable programs to analyse data<br />
sets, recognise patterns, and deliver<br />
outputs we can understand.<br />
AI is nothing new. The concept has existed<br />
since the 1950s, including a program that<br />
could play checkers. Modern AI is faster<br />
and more capable than before and skilled<br />
at more than just checkers.<br />
Generative AI builds on traditional AI to<br />
deliver outputs in many forms, including<br />
text, audio, video, and image.<br />
Unlike traditional AI, which excels<br />
at pattern recognition, generative AI<br />
excels at generating outputs from<br />
its source material. Generative AI<br />
can create summaries, transcripts,<br />
analyses, and more.<br />
AI will replace some work, primarily in<br />
fields that involve repetitive data entry<br />
tasks or large volumes of data analysis.<br />
However, AI output will continue to<br />
demand human oversight. In creative<br />
fields, AI is far from being able to replace<br />
writers who write well.<br />
I’m confident that customer experience<br />
managers will always be vital for<br />
championing their uniquely human needs.<br />
AI helps us do things faster and more<br />
accurately. Think of AI as a powerful tool<br />
that frees up your time so you can focus on<br />
where it matters.<br />
Ideally, businesses can create new jobs<br />
or support different areas thanks to the<br />
savings delivered by AI.<br />
Organisations can also invest in reskilling<br />
and upskilling so the workforce can adapt<br />
to new opportunities and potentials.<br />
Understanding AI is not just about<br />
keeping pace with technology; it’s about<br />
leading the charge in innovation and<br />
personalisation and advocating for<br />
customers simultaneously.<br />
There are many reasons why creating an<br />
AI strategy is essential.<br />
AI is nothing<br />
new. The<br />
concept has<br />
existed since<br />
the 1950s,<br />
including a<br />
program that<br />
could play<br />
checkers.<br />
Some more sophisticated systems will<br />
use AI to orchestrate high-quality, endto-end<br />
customer experiences powered by<br />
rich customer data.<br />
Eventually, the correct data combined<br />
with the right intelligence will be the<br />
backbone for delivering personalisation<br />
at an unprecedented scale, transforming<br />
the customer journey.<br />
Balancing self-service<br />
In our quest for convenience, we must<br />
balance AI-driven self-service and the<br />
irreplaceable value of human interaction.<br />
AI personalises the customer experience<br />
by creating proactive offers and<br />
predicting service needs, seamlessly<br />
connecting consumers with what they<br />
need and want through their preferred<br />
channels.<br />
Yet, unifying data across channels and<br />
systems still presents challenges.<br />
AI technologies are not mere tools; they<br />
are the dynamic architects of customer<br />
journeys, reshaping how we understand<br />
and respond to our customers’ needs.<br />
In the next issue of <strong>Jeweller</strong>, this<br />
series explaining the advantages of AI<br />
programs for your business continues<br />
with part two.<br />
Time for a human touch<br />
Strategic investment<br />
JEANNIE WALTERS is founder and<br />
It’s understandable if you feel concerned<br />
about AI replacing human jobs.<br />
Unfortunately, this is somewhat likely.<br />
Your business might consider it a<br />
high priority to integrate AI into its<br />
strategy today.<br />
CEO of Experience Investigators.<br />
Learn more: experienceinvestigators.com<br />
<strong>August</strong> <strong>2024</strong> | 109
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FAVOURITE TOOL Saw Frame and Rolling Mill.<br />
BEST NEW TOOL DISCOVERY Magnifying Loupe –<br />
because I can’t see anymore!<br />
BEST PART OF THE JOB Creativity – designing<br />
and making unique family heirloom pieces is super<br />
rewarding.<br />
WORST PART OF THE JOB I started my career on<br />
the bench and, after 30 years, have expanded my<br />
business to the point where, unfortunately, I don’t<br />
get to spend as much time hand-making, which I<br />
miss.<br />
BEST TIP FROM A JEWELLER You can always<br />
learn something. You never know it all in this trade.<br />
BEST TIP TO A JEWELLER There is always more<br />
than one way to make something. Work to your<br />
strengths when putting something together.<br />
BIGGEST HEALTH CONCERN ON THE BENCH<br />
Losing my vision as I get older – it’s frustrating!<br />
LOVE JEWELLERY BECAUSE It’s rewarding<br />
making beautiful pieces with unlimited opportunities<br />
and working with mother nature’s finest!<br />
110 | <strong>August</strong> <strong>2024</strong>
<strong>August</strong> <strong>2024</strong> | 111
OPINION<br />
Soapbox<br />
From pixels to products:<br />
Rediscover the people behind your business<br />
In business, it’s important to spend your time wisely.<br />
STEFANIE WERNEKINCK encourages you to escape the grind for a few days.<br />
In today’s increasingly digital day and<br />
age, it’s important to remember that<br />
we’re still human – we haven’t turned<br />
into robots yet!<br />
The Sydney Fair is just a few short weeks<br />
away, and it’s an opportunity to remember<br />
that behind every business are people<br />
who think, feel, see and touch.<br />
It’s only when we step away from behind<br />
our desks and escape ‘the grind’ for a<br />
few days for an event like the Sydney Fair<br />
that we get a chance to activate all those<br />
senses and grow professionally.<br />
It’s a space where you can make informed<br />
decisions about the direction of your<br />
business, and if you’re fortunate, reflect<br />
on the bigger picture.<br />
What are you trying to achieve with your<br />
business? Is it about paying the bills and<br />
making ends meet, or is it something<br />
more than that?<br />
<strong>Jeweller</strong>y fairs offer networking that is<br />
incredibly valuable for the knowledge and<br />
insight that guides your business.<br />
It’s a chance to learn from people facing<br />
the same issues and challenges you<br />
are, and from their experiences, you can<br />
navigate your business to calmer waters.<br />
The COVID-19 pandemic dramatically<br />
altered how businesses function,<br />
with an increased focus on digital<br />
communication.<br />
Conversations and conferences once held<br />
face-to-face were relegated to phone<br />
calls and Zoom meetings.<br />
Many businesses have maintained these<br />
practices despite the conclusion of the<br />
pandemic, often justifiably so.<br />
However, jewellery fairs are a timely<br />
reminder that you can accomplish so<br />
much when standing directly opposite<br />
another person.<br />
I’m sure many people reading this are<br />
familiar with the frustrations of digital<br />
communications. What should be a<br />
simple back-and-forth email turns into<br />
a week-long slog because even the most<br />
articulate people sometimes struggle to<br />
get the right point across via text.<br />
It’s an opportunity to speak directly<br />
because your conversations are reinforced<br />
with body language.<br />
You can ask a question in an email<br />
and even over the phone, and there’s<br />
always the chance it comes across the<br />
wrong way.<br />
When you’re sitting directly across the<br />
table from someone, those issues are<br />
minimised because the intention is<br />
easily understood.<br />
In the same regard, jewellery fairs<br />
are excellent opportunities for<br />
problem-solving. Retailers and<br />
suppliers can ask questions and<br />
receive immediate answers.<br />
Those sorts of ‘troubleshooting’<br />
exercises quickly build rapport and<br />
are fantastic stepping stones in<br />
building any successful long-term<br />
business relationship.<br />
In the same regard, industry events are<br />
an opportunity to gauge the sincerity<br />
of the people you may or may not be<br />
working with.<br />
Attending an event like the Sydney Fair<br />
is an investment from suppliers and<br />
retailers, demonstrating commitment<br />
by volunteering their time and money to<br />
be there.<br />
Said another way, the people you’re<br />
dealing with believe in their business<br />
and want it to have a presence in the<br />
broader industry.<br />
From a retail perspective, visitors<br />
are searching for a high level of<br />
professionalism and service from<br />
exhibiting suppliers.<br />
Standing face-to-face with a company's<br />
CEO or managing director is a great way<br />
to measure sincerity, and you’ll find these<br />
people operating stands, ready for a chat.<br />
Just as jewellery fairs offer you a chance<br />
to ask yourself big questions about the<br />
direction of your business, you can ask<br />
these questions of suppliers.<br />
Finding out why they’re in the industry and<br />
what they’re passionate about can build<br />
irreplaceable trust and rapport.<br />
What are<br />
you trying to<br />
achieve with<br />
your business?<br />
Is it about<br />
paying the bills<br />
and making<br />
ends meet, or<br />
is it something<br />
more than that?<br />
Time is such a valuable commodity<br />
for business owners, and when you’re<br />
dealing with people face-to-face on a<br />
trade show floor, you can achieve so<br />
much in just a few short days.<br />
For retailers, planning for the busy period<br />
at the end of the year can be completed<br />
in a few short hours, with hundreds of<br />
products at your fingertips ready for<br />
careful consideration.<br />
Seeing everything on offer and leaving<br />
with a strategy for the most critical time<br />
of the year is a weight off your shoulders.<br />
When it comes to the products<br />
themselves, you can obtain a level of<br />
confidence that can’t be achieved through<br />
a computer screen.<br />
You can hold that watch or jewellery<br />
in your hand and truly appreciate<br />
its craftsmanship.<br />
Examining the colours, intricate details,<br />
and overall design allows you to make a<br />
first-hand assessment of the quality and<br />
appeal of the product.<br />
It’s an experience that provides crucial<br />
insights into your business that are<br />
impossible to replicate through photos<br />
and descriptions alone.<br />
So, for a few short days, close the<br />
computer, put down your phone, and step<br />
away from behind your desk!<br />
The value of human interaction is often<br />
overlooked in today’s digital age; however,<br />
it’s essential for improving relationships<br />
and developing a deeper understanding<br />
of your business.<br />
Instant communication with a few quick<br />
taps of a keyboard or phone is a great<br />
tool; however, it’s also fraught with<br />
misunderstanding and ineffectiveness<br />
and can’t replace the clarity you<br />
experience when you speak face-to-face<br />
with another person.<br />
Name: Stef Wernekinck<br />
Business: German Cuckoo Clock Nest<br />
Position: Managing Director<br />
Location: Queensland<br />
Years in the industry: 25<br />
112 | <strong>August</strong> <strong>2024</strong>
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<strong>August</strong> <strong>2024</strong> | 113
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