04.06.2025 Views

Jeweller - June 2025

Transform your PDFs into Flipbooks and boost your revenue!

Leverage SEO-optimized Flipbooks, powerful backlinks, and multimedia content to professionally showcase your products and significantly increase your reach.

VOICE OF THE AUSTRALIAN JEWELLERY INDUSTRY JUNE 2025

Sparking Hope Decoding Diamonds A Powerful Shift

APPRENTICESHIPS SHINE BRIGHTER

NATURAL & LAB-GROWN –

CULTIVATING A POWERFUL

WITH STRONG INDUSTRY SUPPORT

WHAT HAS THE MARKET CHOSEN? CUSTOMER CULTURE IN YOUR STORE


2 | June 2025


SINCE 1996

Helping you shine

yesterday, today

& tomorrow.

YOUR LEADING SUPPLIER OF PINK ARGYLE, WHITE DIAMONDS & DIAMOND JEWELLERY

NEW SOUTH WALES

VICTORIA

QUEENSLAND

NEW ZEALAND

Suite 301, Level 3

70 Castlereagh Street

Sydney 2000

Suite 502, Wales Corner

227 Collins Street

Melbourne 3000

Unit 17, Level 111

138 Albert Street

Brisbane 4000

Suite 4K

47 High Street

Auckland

02 9232 3557

sydney@worldshiner.com

03 9654 6369

melbourne@worldshiner.com

07 3210 1237

brisbane@worldshiner.com

+64 9 358 3443

nz@worldshiner.com

worldshiner.com

SCAN HERE

TO CONTACT

& CONNECT

June 2025 | 3


Introducing…

A new range of diamond jewellery featuring some of

the last of the champagne diamonds from the Argyle Mine.

Brought to you by Australia’s Coloured Diamond Specialists

ninasjewellerywholesale.com.au

EST• 1965

Nina’s Jewellery proudly supports White Ribbon Australia. Stand up, speak out and act to end men’s violence against women.

4 | June 2025


The Rosewood range by Nina’s uses Argyle champagne diamonds - stones that can no longer

be found on the market - to create stunning pieces of jewellery. They embrace the contrast

between high-shine gold and sharply-faceted sparkle, with a uniquely Australian tone.

Rest

2500671 in 9k two-tone gold

Rove

0201594 in 9k two-tone gold

Rant

0301166 in 18k two-tone gold

Reef

2500672 in 9k two-tone gold

Rain

2600914 in 9k two-tone gold

Reap

0201593 in 18k two-tone gold

Raya

2600913 in 9k two-tone gold

Loose Argyle champagnes

Available now!

Rome

2700444 in 9k two-tone gold

Rune

2700447 in in 9k two-tone gold

Rush

2800749 in 9k two-tone gold

Rare

3100662 in 9k two-tone gold

ninasjewellerywholesale.com.au

EST• 1965

Celebrating 60 years as Australia’s Coloured Diamond Specialists.

June 2025 | 5


Discover the delicate allure of the Blush Pink Collection - a tribute to Australian heritage and natural beauty.

Each piece in the Blush range showcases rare light pink diamonds, sourced from the renowned Argyle mine in

the Kimberley region of Western Australia. Thoughtfully designed and expertly handcrafted, these timeless

jewels blend elegance with history, creating wearable heirlooms that celebrate both grace and origin.

02 9290 2199

pink@samsgroup.com.au

Pinkkimberley.com.au/collections/blush-pink

Become a stockist today!

6 | June 2025


For over 15 years, Pink Kimberley has been devoted to crafting exceptional pink diamond jewellery,

honouring the rare beauty of Argyle pink diamonds from the East Kimberley region of Western Australia.

The latest Pink Kimberley Ring Collection celebrates the exquisite luxury of these natural treasures with

captivating engagement ring designs. Each ring is paired with a perfectly matched wedding band,

meticulously crafted to sit in seamless harmony - creating the ultimate pink diamond wedding stack!

02 9290 2199

pink@samsgroup.com.au

PinkKimberley.com.au

Become a stockist today!

June 2025 | 7


8 | June 2025


June 2025 | 9


NEW DIAMOND-CUT RANGE

From 1mm to 4mm Rounds

AMETHYST, CITRINE, RHODOLITE, ALMANDINE, SPESSARTITE

PERIDOT, TANZANITE, AQUAMARINE, BLUE ZIRCON, BLACK SPINEL, BROWN ZIRCON

PLUS - NEW AUSTRALIAN BLUE, CEYLON BLUE, PINK, PURPLE, GREEN & WHITE SAPPHIRE

ROOM 405, 4TH FLOOR, WALES BUILDING

227 COLLINS STREET, MELBOURNE VIC 3000

10 | June 2025

PO BOX 397, FLINDERS LANE VIC 8009

03 9654 5200

sales@oagems.com

oagems.com


VOICE OF THE AUSTRALIAN JEWELLERY INDUSTRY JUNE 2025

APPRENTICESHIPS SHINE BRIGHTER

NATURAL & LAB-GROWN –

CULTIVATING A POWERFUL

WITH STRONG INDUSTRY SUPPORT

WHAT HAS THE MARKET CHOSEN? CUSTOMER CULTURE IN YOUR STORE

JUNE 2025

Contents

This Month

Industry Facets

13 Editorial

14 Upfront

18 News

30

33

48

10 YEARS AGO

Time Machine: June 2015

LEARN ABOUT GEMS

Around The World: Topaz

MY BENCH

William Masters

37 WHITE DIAMOND REPORT

Gaze into the crystal ball

As the debate between natural and

lab-created diamonds continues, what

does the future hold for the industry?

28 Events

Features

34

50

SOAPBOX

Maxine O'Brien

FIGHTING FOR A BETTER FUTURE

Important progress made for jewellery apprentices

37

2025 WHITE DIAMOND REPORT

What does the future hold for the diamond industry?

Better Your Business

34 APPRENTICES

A brighter future

The campaign to advance and bolster support

for apprentices in the local jewellery industry

has continued, with important progress made

in recent weeks.

42

44

45

46

47

BUSINESS STRATEGY

STEVEN VAN BELLEGHEM says it's time to make some fundamental changes.

SELLING

TOM MARTIN explains the value of language in the sales game.

MANAGEMENT

DOUG FLEENER reveals the pitfalls of the all-too-common 'to-do' list.

MARKETING & PR

SARAH SMITH YKORUK argues that digital marketing should drive your sales.

LOGGED ON

DAVID BROWN outlines the impact on AI on retail businesses.

33 AROUND THE WORLD

The many faces

of topaz

Discovery the

fascinating history and

promising future of

sparkling topaz.

FRONT COVER

Celebrating 60 years as Australian

natural coloured diamond specialists,

Nina’s Jewellery, the only Australian

wholesaler with Argyle Pink Diamond

Select Atelier status, showcases

the Splendour - their resident ray of

sunshine, crafted from yellow and Argyle

pink diamonds. To learn more visit:

ninasjewellerywholesale.com.au

Sparking Hope

Decoding Diamonds

A Powerful Shift

June 2025 | 11


Helping Jewellery Businesses Thrive

The Edge POS

More than a Point of Sale

Integrated Services

Streamline Your Operations

Managing inventory to handling special

orders and repairs

Edge Pulse – All your reporting in the palm of

your hand, any time

Know your date

Make informed decisions with powerful data

analytics and reporting tools

Local Support and Training

Support 7 days

Training calendar to continue your learning

Connect with Suppliers – Bridging the gap

eInvoicing

Product photos – straight into The Edge

Enhance Customer Experience

With built-in CRM capability

Contact Kim Ridley today

0499 775 708

12 | June 2025


Editor’s Desk

Retail racket: Exposing online jewellery scammers

Who will step up and stop these supposed ‘ghost stores’ scammers?

SAMUEL ORD documents interesting discoveries from an ongoing investigation.

Jeweller recently reported on an

international scam that the mainstream

media has described as ‘ghost stores’ –

websites claiming to be Australian-based

businesses that target consumers with

false and misleading claims.

Unfortunately, the term ‘ghost stores’ does

not adequately describe the swindle being

perpetuated on Australian consumers – this

is a scam. Indeed, unsuspecting customers

are presented with glossy websites featuring

aggressively discounted products, justified

by emotional stories from the owners.

Many of these websites feature fabricated

reasons for Closing Down Sales, ranging

from retirement to poor health. Some

websites detail ‘sob stories’ with images of

the owners standing in front of the store.

The problem is that none of it is true. The

stores and the owners don’t exist. In one

notable example, a raging fire tragically

destroyed the store, forcing the retailer to

sell products online at slashed prices!

An astute shopper would likely ask an

obvious question: If the store burned down,

how is there any stock left to be sold?

These scammers target Australian jewellery

consumers, and not only are they swindling

them, but this illegal conduct also harms

genuine retailers. Given the ‘make-up’ of

the independent jewellery retail market, this

means that these ghost stores are damaging

authentic family-owned businesses.

These websites are like a zombie horde – as

soon as one is taken offline, another website

is up and running, aided by easy-to-use

and replicate e-commerce website design

platforms. Most of these businesses tend to

be based overseas, despite often claiming to

be located in Melbourne, Sydney, or one of

Australia’s picturesque tourist hotspots.

An investigation by The Guardian claims

to have found more than 140 scammer

websites operating offshore while

pretending to be a local business.

Jeweller’s research in recent weeks has

gone further and identified many more.

These scam shops are intriguing. They

exhibit striking similarities while diverging

in compelling ways. Patterns suggest that

many of these websites may be run by the

same people or groups.

Each website’s approach to deception varies,

ranging from subtle misrepresentations to

bold, outright fabrications. Broadly speaking,

the one thing these online retailers have in

common is that the central business model

is drop shipping.

For those unfamiliar, drop shipping

for retailers involves selling jewellery,

accessories, and clothing without holding

inventory. When a customer orders

online, the retailer forwards it to a

third-party supplier who ships it directly

to the consumer.

There’s nothing wrong with drop shipping,

as long as you don’t lie to consumers about

what your business does and where the

products are sourced!

With that said, the deceptive and misleading

actions these online retailers are willing to

take can differ significantly. For some, it’s

merely the suggestion that the jewellery has

been handmade when it’s mass-produced.

For others, the lies include long-winded

stories of hard-working family businesses

falling on hard times, coupled with

AI-generated images of the owners.

As I recently discussed, the most common

advice for consumers is to exercise caution

when shopping online. Unfortunately, this

advice contradicts the very attraction of

these shady businesses.

Shopping online is meant to be quick

and convenient, and taking the time to

investigate the claims of these businesses

flies in the face of the experience consumers

are looking for online. Other, more practical

advice is available. If the prices appear too

good to be true, they probably are!

As another example, taking the time to

check when a website was registered can

be revealing. Many of these websites claim

to have decades of experience despite often

being registered within the past 12 months.

Some sources suggest checking reviews

on websites such as Trustpilot, as an

overwhelming flood of negative reviews and

a distinct lack of any positive feedback is

unusual for most businesses.

Using unusual payment methods, a

strange website layout, and odd URLs is

circumstantial evidence that an online

retailer may be untrustworthy.

Consumers who

have been forced

to learn a harsh

lesson deserve

sympathy and

not scorn.

Interestingly, a report from ABC highlighted

the information on Facebook’s ‘transparency’

page, where the country of origin for an

account’s administrators can be determined.

This report found that many of these online

retailers are active on Facebook, and

despite claiming to be Australian, overseas

administrators exclusively operate the pages.

On the surface, this is merely circumstantial

evidence, as many businesses outsource

social media and website management

overseas. With that said, Jeweller’s research

has uncovered some interesting findings.

Major jewellery chains, accounting for

hundreds of stores, almost exclusively

have Australian and New Zealand-based

administrators. Jewellery chains such as

Michael Hill International, Shiels, Angus

& Coote, Goldmark, and Zamels were

compared, and these Facebook pages are

almost always managed by administrators

based in their local markets.

With thousands of stores internationally, the

Pandora Facebook page is still managed

by users from Australia (14), Denmark (7),

the UK (7), Argentina (1), and Ukraine (1).

The same can be said for Lovisa, which

is managed by accounts in the US (9),

Australia (4), and South Africa (3).

With that in mind, it would seem most

unusual that when social media accounts

of large jewellery chains can be managed

by administrators based in local markets, a

small ‘mum-and-dad’ store based in Sydney

or Melbourne would outsource similar tasks

to professionals in Pakistan, China, India, the

Netherlands, Vietnam, or Indonesia!

Furthermore, Jeweller was recently

contacted by a business owner who explained

that hundreds of images and product

descriptions were stolen from her website.

If you’re somewhat ‘digitally literate’, it’s easy

to wave away consumers who have been

burned searching for a bargain as foolish –

they should’ve known better. All the signs

were there!

Many of these scams are sophisticated, and

while consumers should know better, not all

do. When consumers are forced to learn a

harsh 'life lesson', most deserve sympathy,

not scorn.

SAMUEL ORD

EDITOR

June 2025 | 13


Upfront

Rewind: Best Bench Tip

Stranger Things

Weird, wacky and wonderful

jewellery news from around the world

Split-second Midas touch

Scientists at CERN found a way

to turn lead into gold with just some

very fast science. They smashed lead

atoms together, and sometimes gold

atoms appeared for a split second

before disappearing. Super detectors

counted 86 billion gold atoms, which

is actually a tiny amount at just 29

picograms. So while turning lead into

gold is real, you’ll need a microscope

(not a wheelbarrow), for

this gold rush!

Watches boasting the Trump brand

are back in the media spotlight,

thanks to a comedic misprint.

Tim Petit from Rhode Island spent

US$640 for a limited-edition pink

‘Inauguration First Lady’ Trump

Watch to surprise his wife. But when

it arrived, surprise turned to mild

outrage — a crucial ‘T’ was missing

from the dial. Instead of a Trump

Watch, the couple became the proud

recipients of a limited-edition

‘Rump Watch’.

APRIL 2019

“Be patient and listen,

believe in your ability and

never be afraid to learn or

try something new.”

DAVID MURPHY

DAVID MURPHY JEWELLERS

HISTORIC GEMSTONE

The Jomon Pearl

The Jōmon Pearl, discovered in 1958 at the Urawa site in Saitama

Prefecture, Japan, is a remarkable artifact from the Jōmon period

(circa 14,000–300 BCE). This era is characterised by

its distinctive cord-marked pottery and sedentary hunter-gatherer lifestyle.

semi-

The pearl, measuring approximately 8

mm in diameter, is believed to have

been used as a decorative item,

possibly strung as a necklace or

sewn onto clothing. Its presence

in a Jōmon archaeological context

suggests that the people of this

period had access to marine

resources and engaged in activities

such as shellfishing.

Timeless Trends

So far this year, customisable

modular jewellery is trending —

consumers are searching for pieces

that can be rearranged or layered

for different looks. Stackable rings,

interchangeable pendants, and clipon

charms offer personal expression

through dynamic and versatile mixand-match

designs.

Images: Nomination

Images: Chanel

Lucky diamond discovery

A Minnesota man is the latest

tourist to leave Arkansas’s Crater of

Diamonds State Park with a sparkling

souvenir. David DeCook discovered

a 3.81-carat brown diamond while

strolling with his family, mistaking

it at first for a candy wrapper. Park

officials say that recent rainfall has

made spotting diamonds much easier

for visitors. Since 1906, an estimated

75,000 diamonds have been found

at the park, making it a hot spot for

treasure hunters of all ages.

Slowly embracing the future

Researchers from the Queensland

University of Technology have found

that while Australians generally

trust retail technology, they remain

hesitant to adopt new advancements

quickly, mainly due to concerns

over security and privacy. The loss

of human interaction is another key

issue. While many Australians embrace

new technologies in their everyday lives,

they are less willing to accept them from

organisations despite a growing appetite for

convenience via automation.

Campaign Watch

Chanel has selected French-

Algerian model Loli Bahia as the face

of its new N°5 Fine Jewellery creations.

A campaign film shot through the eyes

of Gordon von Steiner, a New Yorkbased

filmmaker, offers a dreamlike

interpretation of the collection.

VOICE OF THE AUSTRALIAN JEWELLERY INDUSTRY

Published by Befindan Media Pty Ltd

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

Publisher Angela Han angela.han@jewellermagazine.com • Editor Samuel Ord samuel.ord@jewellermagazine.com • Advertising Julia Tran julia.tran@jewellermagazine.com

Production Prince Bisenio art@befindanmedia.com • Digital Coordinator Riza Buliag riza@jewellermagazine.com • Accounts Paul Blewitt finance@befindanmedia.com

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

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

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

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

arising from the published material.


TO BE CHANGED

June 2025 | 15


On the Market

1

2

3

4

5

JUNE

Product

Spotlight

Jeweller’s monthly compiled

snapshot of the latest and greatest

products to hit the market.

6

7

8

1 O’NEILS AFFILIATED Discover O’Neil’s tanzanites – exceptional stones, meticulously hand-selected from the heart of Jaipur’s most reputable cutting houses. Each one showcases vibrant color and exquisite

precision, reflecting the heritage, skill, and artistry of master cutters. 2 NINA’S JEWELLERY The Splendour diamond ring features a 0.90 carat center diamond, haloed by Argyle pink diamonds and a pear-cut pink

diamond petal. Eleven fancy yellow pear-cut diamonds and a twist band with 30 white diamonds. Crafted in 18 carat white and rose gold, it radiates floral-inspired luxury. 3 FESTINA | Avstev Group The Festina Chrono

Bike 2025 features a durable 45.5mm stainless steel case, precise MOS20 quartz movement, and a vibrant dial with luminescent markers. With 20 ATM water resistance, three subdials, and a secure steel strap, it’s

built for style, performance, and endurance. 4 THOMAS SABO | Duraflex Group Australia These creole earrings feature nature-inspired pendants and freshwater pearls. The design is versatile — the pendants can be

removed so the small creoles with pearls can be worn alone for a simpler style. 5 ATHAN The Tapered Ribbed Huggie is a rounded, ribbed earring in polished yellow gold that gently hugs the earlobe. Both bold and

easy to wear, it comes in 9 or 18 carat gold and is perfect for everyday use. 6 BOLTON GEMS Crafted in 18ct rose gold, this striking ring showcases a 9x7mm cushion-cut pink tourmaline held in a classic claw setting.

The vibrant centre stone is framed by a double halo of round brilliant cut diamonds, with additional diamonds flowing down split shoulders totalling 1.37 carats. 7 NOMINATION | Timesupply Celebrate Australia and

New Zealand with Nomination Jewellery’s unique links, featuring iconic symbols from both countries. Discover charms adorned with flags, famous landmarks, sports, and beloved native animals. 8 SAPPHIRE

DREAMS | 16 SAMS Group Celebrate | June the 2025 brilliance of Australian sapphires – a central sapphire is encircled by a radiant halo of smaller sapphires and white diamonds, offering unmatched sparkle and sophistication.


June 2025 | 17


News

Lights out for Australian

fashion jewellery chain

Australian fashion jewellery chain Colette by Colette

Hayman is reportedly shutting its doors for good.

Around 400 jobs are expected to be lost as a result

of the collapse of Marquee Retail Group, the owner

of retailers Colette by Colette Hayman and

The Daily Edited.

In April 2024, it was announced that Marquee Retail

Group had been placed into voluntary administration.

This was the second time in four years administrators

had been appointed to Colette, a chain that once

had more than 100 stores across Australia and

New Zealand.

Retail trade publication Ragtrader reported that

insolvency firm Mackay Goodwin has confirmed it is

currently working with Marquee Retail Group to wind

down all entities.

A spokesperson stated that, despite the company's

best efforts, it has been unable to recover from

economic headwinds.

“We are anticipating up to 400 jobs will be lost

as a result of the closures and we will work with

the impacted employees to make claims through

government assistance programs once the companies

are placed into liquidation,” Mackay Goodwin explained.

Various media reports have detailed flash clearance

sales across the country, with significant discounts

offered on items ahead of closure.

As reported by 7News, a sign outside the Colette

store at Westfield Tea Tree Plaza in South Australia

on Thursday read: “Final day of trade. 60–80% off.

Everything must go!” Staff also reportedly informed

the publication that the business was being

permanently closed.

The company's Facebook page is also promoting a

flash sale. Marquee Retail Group is owned and

chaired by Bernie Brookes, the former CEO of Myer.

Jeweller’s 2024 State of the Industry Report recorded

58 Colette stores in Australia, and the chain has a

significant presence on the east coast.

Mackay Goodwin said that most of the Colette

By Colette Hayman stores are already closed,

with 10 remaining stores offering clearance sales.

The remaining stores are located in New South Wales,

Victoria, Queensland, and Western Australia.

Playing both sides: international diamond industry

reacts to closure of Lightbox brand

The De Beers Group has announced the shutdown

of Lightbox Jewelry, the lab-created diamond

jewellery brand.

Lightbox was launched in 2018 by the world’s

largest diamond producer in a move that shocked

the jewellery trade. Seven years later, the brand is

being closed, driving industry speculation about

the state of the market.

The company stated that the controversial brand

is being shut down due to the dramatic decline

in lab-created diamond pricing. The move was

described as a commitment to the future of

natural diamonds.

In an interview with the New York Times, CEO Al

Cook emphasised the importance of differentiation

between natural and lab-created diamonds.

“For 600 years, people have loved natural

diamonds because they are beautiful and rare,"

Cook said.

“Synthetics aren’t rare, and they certainly won’t be

in 600 years’ time. Natural diamonds will be even

more scarce than they are now. Then again, none

of us will actually be around to find out.”

He added: “The fact that you can now buy a

$USD299 engagement ring at Walmart would be

a win in the eyes of my predecessors. Because

some retailers are still selling that ring for

$USD3,000, we have work to do to differentiate

and push the desirability of natural diamonds.”

When Lightbox was launched, Bruce Cleaver

was CEO of De Beers. During an ‘exit’ interview

with JCK Online in 2023, he discussed the risks

involved in establishing the brand and highlighted

the importance of ‘separating’ the two categories

from a consumer perspective.

“I say to people, it’s one of the scariest things

I’ve ever done. If we launched this product

too soon, we may legitimise a whole category

quicker than we should have. What if it was

launched too late, and the genie was out of the

bottle?” Cleaver asked.

“We probably launched it at about the right time.

I’ve been surprised there’s been very significant

growth in lab-grown production in the last 18

months. But my view is that it will accelerate the

two markets separating.”

When Lightbox was established, it deviated from

industry norms and instituted a controversial fixed

pricing model of $USD800 per carat.

In an interview with Jeweller, chief marketing

officer Sally Morrison stated that, because the

diamonds are manufactured rather than mined,

pricing should reflect the production costs.

This structure was changed to $USD500 in May

2024, reflecting the significant decline of labcreated

diamond prices.

Diamond industry analyst Paul Zimnisky noted

that many consumers still struggle to understand

the distinction between natural and lab-created

diamonds due to the pricing disparity.

“There is still a lot of confusion among prospective

buyers,” he said.

“Consumers have been told over and over that

the two products are exactly the same, when the

reality is they can be chemically distinguished

with certainty.”

“Consumers are willing to spend ten times

more for a natural diamond, but they need to

be guaranteed that what they are buying is, in

fact, a natural [diamond].”

Zimnisky was asked about the implications of this

consumer confusion remaining unaddressed and

said that it would be ‘industry suicide’.

Lightbox briefly experimented with engagement

jewellery in 2023; however, amid significant

jewellery industry backlash, this ‘test’ of the

market was concluded. Writing for The Diamond

Press, industry analyst Avi Krawitz suggested that

this experiment reinforced the fact that De Beers

couldn’t compete in the engagement jewellery

market with lab-created diamonds without

undermining the value of natural diamonds.

He suggests that this lesson positioned De Beers

to choose between the two categories, instead of

playing both sides of the fence.

“Disrupting the lab-grown diamond market was

never a one-brand job. It requires an industrywide

strategy. A coordinated approach built on

cost-based pricing, quality assurance instead

of grading, and fashion-focused positioning

would carry far more weight if adopted at scale,”

Krawitz writes.

“With Lightbox now shuttered, De Beers

appears to be returning to its roots —

partnering with retailers and reviving category

marketing to reaffirm the unique value of

natural diamonds. It’s a course correction

that, had it come sooner, might have saved the

industry years of mixed messaging.”

“Still, it’s a welcome shift — not just for De Beers,

but for a trade that’s long needed a clearer

narrative and more unified strategy in the face of

lab-grown disruption.”

He concluded: “The burning question is whether

the industry will rally behind an effort De Beers is

only now — and finally — free to lead.”

One year ago, De Beers announced that it would

no longer produce lab-created diamonds for

jewellery, switching to stones used in industrial

applications. Element Six, the company’s

lab-created diamond production unit based in

Oregon (US), will continue to produce industrial

lab-created diamonds.

18 | June 2025


News

All the fun of the Gold Coast fair in a new location

Jewels on the Harbour to

celebrate jewellery industry

Following the success of the Australian Jewellery

Fair in April, event organiser Expertise Events has

announced the 2026 dates and venue.

And in a surprise move, the location has changed.

The fair’s managing director Gary Fitz-Roy said,

"The Australian jewellery industry has recognised

the importance of a trade fair at the beginning

of the year and providing a single venue where

the groups collectively run their conferences

alongside, and after two fantastic years at the

Gold Coast, we’re excited to announce a bold new

chapter for The Australian Jewellery Fair.

“We are moving to Adelaide!”

The significant support of the fair indicates

there’s a need for a trade event at the beginning

of the year to take advantage of the retailer’s need

to re-stock after the Christmas and New Year’s

trading cycle.

For those who have attended as suppliers or

retailers, part of the success and charm of the

Gold Coast was the holiday-like atmosphere.

The three buying groups - which have thrown

their collective support behind the AJF - have also

been responsible for capturing and promoting the

combination of a holiday-like business trip.

Fitz-Roy explained the decision to move the

AJF to Adelaide was made with the backing

of the groups that hold their conferences in

conjunction with the fair.

“After consultation with the buying groups, we

have decided to keep the buzz alive and in order

to continue to keep our early year fair fresh,

vibrant, and eagerly anticipated year after year,

it’s time to take the next step.

“We believe South Australia will continue that

holiday-like buzz and atmosphere. And by the

way, this doesn’t mean Adelaide is our new

permanent home, it’s just the next chapter in

our larger vision,” he said.

Adelaide will be an exciting location in terms

of a tourism and business event for the

jewellery industry.

“The world-renowned Adelaide Convention

Centre will also assist jewellery wholesalers

that might not have regular access to such

opportunities, opening doors to fresh business

prospects,” Fitz-Roy said.

He added: “It would surprise no one that we have

taken a leaf out of the AFL’s “Gather Round”

which has breathed new life into Adelaide.”

The decision has other advantages including

being more central for Victorian, Tasmanian and

Western Australian retailers as well as being

served by more flights and airlines.

“Adelaide has the added advantage of being

easily accessible with a wider choice of daily, cost

effective flights than the Gold Coast. The Adelaide

Convention Centre will be more convenient for

visitors from Western Australia while, at the same

time, being easily accessible with a wider choice

of daily flights from all major East Coast capital

cities than the Gold Coast,” Fitz-Roy said.

And following on from the success of the Gold

Coast, he is “confident that our move to ‘City

of Churches’ will roll out the red carpet for the

industry, in full knowledge that jewellery retailers

and wholesalers will enjoy - and combine - the

tourist advantages that South Australia has to

offer while on business.”

Part of the success of the AJF has been the way

it is positioned in the market.

As a smaller show - one not competing with

the full scale international event in Sydney - the

AJF will remain as boutique-style fair in and

tabletop format.

“The location will change but our successful

formula won’t. Not only does the tourism and

vacation angle play a vital part in the success

of The Australian Jewellery Fair, so does our

strategy.,” Fitz-Roy said.

“It will maintain the up-close and personal

approach.”

The 2026 Australian Jewellery Fair will once

again be held in April (19-20) in Adelaide with

an anticipated move to another tourism city

in 2027.

The upcoming International Jewellery Fair (IJF) in Sydney

will be headlined by a first-of-its-kind special event to

advance unity in the Australian jewellery trade.

Called ‘Big Night Out’, the industry event will take place

on the waters of Sydney Harbour on Saturday 23 August.

Supported by Nationwide Jewellers, Showcase Jewellers,

and the Independent Jewellers Collective, the harbour

cruise is all inclusive with food, drinks and entertainment.

Traditionally, each buying group hosts its respective

members’ awards event during the Sydney Fair, which

sometimes causes scheduling issues for suppliers and

retailers. This year, the three buying groups and other

industry associations will gather for a time and costeffective

event.

Expertise Events managing director Gary Fitz-Roy praised

the buying groups for advancing the interests of the local

jewellery trade in a collaborative manner saying: “This

will be a great celebration for the whole industry.”

“While the groups have traditionally held independent

dinners and awards, it’s become increasingly difficult

for suppliers in terms of both time and cost. This new

initiative affords us the opportunity to all come together —

one night, one celebration, one industry.”

The positive presence and activities of the three buying

groups at the Australian Jewellery Fair on the Gold Coast

in April was noted and similar feedback was generated

during last year’s International Jewellery Fair.

The ‘Big Night Out’ event will be open to all retailers,

including independent stores and manufacturing

jewellers as well as industry suppliers.

In addition, this year’s Sydney Fair will feature key industry

associations, such as the Gemmological Association

Australia (GAA), the National Council of Jewellery Valuers

(NCJV), and the Opal Association of Australia (OAA).

After the success of last year’s Mystery Box Challenge

for jewellery apprentices, Fitz-Roy said students are also

encouraged to attend the event.

“We are also promoting the night as Jewels on the

Harbour and not only will it be an evening of glamour,

networking, and recognition — it also represents

a smarter, more streamlined approach to industry

engagement,” Fitz-Roy added.

“I know exhibitors and suppliers will fully support

the concept and use the night to take more of their

staff along as well. It brings efficiency and unity to the

forefront, allowing the entire community to celebrate

achievements, strengthen relationships, and toast to

the future together.”

“I commend the buying groups for coming together

and putting the good of the industry first. Along with

independent and manufacturing jewellers, and the

major associations all supporting one night of celebration

that unites the whole industry, it opens the doors to wider

collaboration.”

The 2025 IJF takes place at ICC Sydney Darling Harbour

23-25 August.

June 2025 | 19


News

Controversial auction of religious

relics postponed after complaints

Classique watches are renowned for their timeless

elegance and precision craftsmanship. Inspired by

traditional Swiss watchmaking, Classique timepieces

feature refined detailing, classic dials, and

high-quality materials. With a focus on both

aesthetic appeal and mechanical reliability,

Classique watches cater to those who appreciate

understated luxury and enduring style. Whether for

formal occasions or everyday wear, they

embody sophistication and tradition.

Prominent auction house Sotheby’s has postponed an event in Hong Kong

dedicated to the sale of sacred gemstones and items from India after threats

of legal action.

The Piprahwa Gems of the Historical Buddha Mauryan Empire, Ashokan Era,

circa 240-200 BCE, was scheduled for 7 May.

In a letter to the auction house, the Indian government said that the relics

constituted "the inalienable religious and cultural heritage of India and the

global Buddhist community. Their sale violates Indian and international laws,

as well as United Nations conventions."

Sotheby's confirmed that the auction had been postponed in an email to

the ABC.

"In light of the matters raised by the Government of India and with the

agreement of the consignors, the auction of the Piprahwa Gems of the Historical

Buddha, scheduled for 7th May, has been postponed," the company said.

"This will allow for discussions between the parties, and we look forward to

sharing any updates as appropriate."

Known as the Piprahwa gems, this collection has been held by a museum or

a state, but rather by the family of William Claxton Peppé, the English explorer

who excavated the holy burial ground in 1898.

Chris Peppé, one of three descendants who now possess the items, told the

BBC that the family had explored donating the collection to various Buddhist

stakeholders; however, doing so would have presented 'unspecified problems'.

ClassiqueWatches.com

Become a stockist today 02 9290 2199

Unreported retail crime remains problem

A startling amount of crime in New Zealand targeting retailers is never

reported to the police, according to a recent report.

Retail NZ’s COMS Retail Crime Report 2024 found that 99 per cent of

participants in a recent survey had experienced some form of retail

crime or anti-social behaviour over the past year – more than 140,000

incidents across 1,500 stores.

Even more concerning was that almost 40 per cent of these crimes were

not reported to the police. Participants provided various explanations, such

as it not being worth the time and effort, the offending being discovered too

late, and concerns that the police wouldn’t do anything.

“In this latest survey, we focused on identifying the actual level of retail

crime in New Zealand, confirming that it is much higher than official

statistics show,” CEO Carolyn Young explained.

“Every day, retailers are dealing with threatening, violent or simply

unpleasant customers, who are trying to steal or damage their property.

Almost every retail worker has been affected by crime and aggression,

which is traumatic for those directly involved and their colleagues.”

The report's data reveal an increase in retail theft of 25 per cent. On a

more positive note, aggravated robbery declined by 10 per cent.


Shine Brighter

Supporting you for a stronger tomorrow

Supporting Australia’s finest independent jewellers with the best trade discounts,

strategic & digital marketing, professional expertise, business analysis & mentoring,

training & development, networking & community and so much more.

Your expert team of retail experts are passionate, driven and at your service.

With clarity and confidence we elevate retail.

JOSH ZARB - CEO

0448 416 070

JOSH@JEWELLERSCOLLECTIVE.COM

#JEWELLERSCOLLECTIVE

jewellerscollective.com

June 2025 | 21


News

Lovisa founder launches new fine jewellery chain

In a somewhat unusual marketing campaign,

Jewells has a YouTube channel that is releasing a

series of ‘documentary-style’ videos documenting

the launch of the fine jewellery chain.

“Jewells is an adaptation and outflow from Lovisa,

and Lovisa has been marvellously successful around

the world, and customers around the world love

Lovisa,” Blundy explains in one video.

Billionaire retail boss Brett Blundy, the founder

of Lovisa, is preparing to launch a new fine

jewellery chain.

Blundy is the chairman of BB Retail Capital and

launched Lovisa as a fashion jewellery chain in

2010 as an ‘extension’ of Diva. Today, Lovisa has

nearly 1,000 stores worldwide and operates in

around 50 countries.

Now, Blundy is taking aim at the fine jewellery

market with the launch of ‘Jewells’ in the UK, with

seven stores expected to open in the coming weeks.

As reported by the Australian Financial Review,

the chain had initially planned to open 15 stores

at launch, but was unable to secure locations with

UK landlords.

“The evolution of the ability to bring much more

elevated and much more elegant products is now

what they need.”

“Our number one job is to figure out what the

customer is going to want – sometimes they don’t

even know what they want at the moment. Then we

will deliver it in a package that is appealing. There is

a void that needs to be filled. It’s our job, our duty, to

do that.”

Companies House, the UK’s business registry,

records Christopher Lauder as the director of

Jewells Retail Limited, which was incorporated in

November 2024. Lauder is also a director of Lovisa.

Peter Bohn is listed as the CEO of Jewells and

has worked with Blundy at both Lovisa and Diva.

The main shareholder is Lovisa Australia, and the

relevant legal entity is Lovisa Holdings.

Jewellery retailer awards up for grabs at Sydney Fair

“They have different ideas; they analyse

performance and help set goals and plans to

achieve those goals. Business is no different, and

nor is the business of jewellery.

“Jewellery store owners are virtually the same

as tennis players - glamorous lifestyle and the

colossal incomes aside - in that they are experts at

what they do. Being an expert at jewellery doesn’t

automatically qualify you to be an expert at running

a business.”

At this year’s International Jewellery Fair in Sydney,

Retail Edge Consultants will launch the inaugural

Business Excellence Awards, celebrating the

accomplishments of local retailers.

Among the titles are Best Newcomer,

Transformation Award, Sales Growth Award, Most

Improved, and the Store of the Year Award.

Every member of Retail Edge’s Business Coaching

program will be entered into the awards, with

finalists to be announced on 24 July. Malcolm

Scrymgeour explained the value of coaching by

drawing a comparison with sports like tennis, where

individual excellence is rarely achieved without the

support of a strong team working behind the scenes.

“Very simply, the best players have a huge

advantage, coaches. A coach is someone who

holds a business owner accountable, challenges,

guides, and suggests, often bringing a different

perspective to a problem,” he told Jeweller.

Scrymgeour stated that, over the past year,

customers participating in the coaching program

have seen an average improvement of 4 per cent in

sales, equivalent to $116,000 in real terms.

“Every jeweller has a different situation, and the

definition of success is different for everyone. We

have one retailer who operated three stores, and

closed two,” he explained.

“That may sound like a ‘disaster’ to some people;

however, this jeweller has changed from working

seven days a week to five and is now operating at a

profit instead of a loss.

“In this example, the change in the business has

unfolded over just 18 months, and that’s something

we’re very proud of. We’ve helped the owner live a

better life, and it’s about more than just business;

it’s personal.”

The International Jewellery Fair is scheduled for

23-25 August at the International Convention and

Exhibition Centre in Sydney’s Darling Harbour.


News

Limited spots available for

unforgettable tour of opal fields

The Australian Opal Centre (AOC) has opened bookings for the upcoming

tour of the iconic gemstone fields in New South Wales, Queensland, and

South Australia.

The tour will depart from Sydney on 26 September (Friday) and return

on 4 October (Saturday), and positions are limited.

The first stop will be Lightning Ridge in New South Wales, the source of the

world’s finest black opal and rare opalised fossils. From there, the tour will

travel to Winton in Queensland to learn about boulder opal.

The tour then heads to Coober Pedy in South Australia, handling light

and crystal opal, before returning to New South Wales to visit White Cliffs,

where opal ‘pineapples’ are mined.

After a successful tour last year, AOC event organiser Maxine O’Brien

said it was an unforgettable journey.

“Throughout the tour, the lucky participants will enjoy stunning outback

landscapes and meet opal miners, cutters, sellers, gemmologists and

palaeontologists,” she said.

“The real star, however, will be Australian opal and the opportunity for

first-hand knowledge at the source of this elusive gemstone, with those

who know it best.”

Costs include charter aircraft, ground transport and tours, expert guides,

meals and accommodation.

CIBJO releases glossary to standardise

jewellery industry terminology

After three years of industry collaboration, the World Jewellery Confederation

(CIBJO) has released a draft of ‘The Blue List’, a glossary intended to

standardise terminology used for responsible sourcing and sustainability.

The draft includes precise definitions to prevent misuse and greenwashing

within the industry. CIBJO president Gaetano Cavalieri said it was essential

to improve credibility in the global jewellery industry.

“With growing demand for transparency, the absence of clear, harmonised

terminology has led to confusion, even among professionals,” he explained.

“By providing universally agreed language and guidance for substantiation,

we are creating a common ground that strengthens trust both within the

industry and with the public.”

A public consultation on the glossary began earlier this month and will

conclude in September. Industry members are encouraged to provide

feedback on CIBJO’s dedicated digital platform.

The final version of The Blue List is expected to be released in October.

June 2025 | 23


News

‘Meaningful’ progress

made in conflict diamond

language debate

Mediterranean Blue: Collectors finish with

$33 million return for beautiful blue diamond

After years of debate and disagreement, the World

Diamond Council claims that a recently proposed

broader definition for the term ‘conflict diamonds’

may receive industry approval.

At the recent Kimberley

Process intersessional

in Dubai (12-16 May),

the African Diamond

Producers Association

(ADPA) proposed a new

definition.

In a statement, World

Diamond Council

president Feriel Zerouki

said that this new

definition would include

an understanding to

encompass armed

groups, individuals, and

entities subject to United

Nations Security Council

sanctions.

FERIEL ZEROUKI

World Diamond Council

“Prepared with the will to

modernise the definition,

prepared with the will to make

the Kimberley Process

as impactful as it was at its

inception.”

“This contribution opened a path forward and brought

many stakeholders back to the table,” Zerouki said.

A remarkably rare blue fancy colour diamond

has become the most expensive gemstone sold

at auction this year after impressing collectors

in Geneva.

Sotheby’s hosted the sale of the Mediterranean

Blue, a 10.03-carat fancy vivid blue diamond,

on 13 May at the Geneva High Jewellery sale.

The diamond returned $USD21.5 million

($AUD33.42 million).

The diamond was discovered by Petra as a

31-carat rough at the Cullinan Mine in South

Africa. It was purchased by a private collector

from the US after a three-minute bidding war

with a rival. Sotheby’s head of jewellery, Quig

Bruning, said it was a landmark occasion.

“It is undoubtedly the defining stone of the

season and ranks among the top blue diamonds

we have sold,” he explained.

“To witness the excitement it has generated

throughout its global exhibition tour, culminating

in today’s result, clearly reflects the growing

global appetite for rare and impeccable

diamonds, and a marked flight to quality among

collectors who continue to seek the very best in

the world.”

Anticipation for this sale increased following

the cancellation of another fancy colour blue

diamond auction earlier this month. That

23-carat diamond, the Golconda Blue, was

expected to return as much as $AUD80 million.

“This is meaningful progress. This time, we feel that

the majority of KP members have come prepared.

Prepared with the will to act.

"Prepared with the will to modernise the definition,

prepared with the will to make the Kimberley Process

as impactful as it was at its inception.”

As reported by Rapaport News, the Kimberley

Process chair, Ahmed Bin Sulayem, said that while a

consensus has not yet been reached, progress has

been made.

“The text proposal from ADPA is moving the

conversation forward and showcasing the importance

of a clear and non-ambiguous new definition. While

we’re still some distance from consensus, this marks

real and necessary progress,” he said.

The Kimberley Process was criticised by the

European Union and the US State Department late

last year and accused of failing to appropriately

address the conflict between Russia and Ukraine due

to the continued disagreement around the definition

of ‘conflict diamonds’.

Record-breaking diamond unearthed in Russia

Russian diamond producer Alrosa has

announced the discovery of a 468-carat diamond,

which it claims is the largest gemstone-quality

rough in the country’s history.

The diamond, described as amber in colour, was

unearthed in an Alrosa mine in the Yakutia region.

The previous record was a 401-carat rough

discovered in 2013.

Alrosa recently showcased the New Sun, a

100-carat fancy vivid yellow diamond said to

be the largest of its kind in Russia. CEO Pavel

Marinychev said that 2025 had been a significant

year for the Russian diamond industry so far.

“In April, we presented the largest diamond ever

cut in our country. And this year, nature gave us

such an incredible find,” Marinychev said.

“It is symbolic that it was found in the year of the

80th anniversary of the Great Victory.

"Therefore, we decided to name it in honour of

such a significant event for our entire country.”

As reported by Rapaport News, Alrosa recently

reported a 42 per cent decline in revenue during

the first quarter of this year.

24 | June 2025


News

Fisherman’s Ring: Jewellery plays a critical role in Pope Leo’s inauguration

A signet ring is given to each Pope at the papal

inauguration and was traditionally used to create

a wax seal, guaranteeing the authenticity of letters

and papal briefs.

The official practice was discontinued in 1842 in

favour of a stamp; however, Popes have continued

to wear the ring. Pope Leo XIV’s ring is made of gold

and is engraved with St Peter’s boat and his name. It

is around 4.3 inches wide.

Interestingly, it is also customary to destroy the

ring following a Pope’s death, due to its role in

guaranteeing authenticity. According to social media

posts, a Vatican employee used a chisel to deface

the seal of the ring worn by Pope Francis shortly

after his death.

The Catholic Church has elected a new Pope with a

ceremony involving a significant piece of jewellery.

Cardinal Robert Prevost has been elected the leader

of the Catholic Church, adopting the chosen name

of Pope Leo XIV. This follows the passing of Pope

Francis, 88, in April.

During his first public mass at St Peter’s Square,

Pope Leo XIV received the Fisherman’s Ring as the

continuation of a unique jewellery tradition.

The Fisherman’s Ring is a signet ring worn by the

Pope, a tradition which began in the 13th century.

The name refers to St Peter the Apostle, who is

considered the first pope in the Catholic tradition.

The papal inauguration once involved a crown

that popes wore for more than 1,000 years. The

papal tiara was last used by Pope Paul VI in 1963.

This tiara, featuring pierced silver and three gold

bands set with precious gemstones, was crafted by

artisans in Milan.

Pope Paul VI set the tiara aside as a symbolic gift to

the impoverished one year into his papacy, and no

pope has been crowned since.

$80,000 – $100,000 PER YEAR + SUPER + RELOCATION + EQUITY OPPORTUNITY

LOCATION: MILDURA, REGIONAL VICTORIA

Are you an experienced jeweller ready for a tree-change? We’re offering an exciting opportunity

to join our team at Burrows Jewellers in beautiful regional Victoria, where you’ll enjoy a city-based

salary, relocation support, and the chance to take on an equity stake in the business.

About the Role

We’re looking for a qualified and experienced jeweller to join us full-time in our Mildura workshop.

As a key member of our close-knit team, you’ll be responsible for the design, creation, and repair of fine

jewellery pieces. You’ll work closely with our retail and custom teams to bring our customers’ visions to life.

About Us

Burrows Jewellers is a trusted name in fine jewellery, serving Mildura and beyond for over 60 years.

With a strong reputation for quality craftsmanship and bespoke service, we’re now expanding our inhouse

manufacturing and custom design capacity.

What You’ll Be Doing

• Design and create custom jewellery to client specifications

• Set diamonds and other gemstones (or be open to learning)

• Restore, repair, and remake existing pieces

• Collaborate with sales consultants on client requirements

• Maintain high standards of craftsmanship and precision

• CAD casting cleanup

What We’re Looking For

• Qualification and significant experience as a jeweller

• Strong gemstone setting skills, or a willingness to develop them

• Pride in your craft and attention to detail

• Strong time management and teamwork skills

• A collaborative mindset and good communication

What We Offer

• City salary with the lifestyle and lower cost of living

of regional Victoria

• Relocation support (we’ll help you move!)

• Equity opportunity over time for the right candidate

• A supportive team culture and a growing business

• The chance to build a long-term career

Ready to make your move?

If you’re a talented jeweller looking for your next big step, we’d love to hear from you. Please email jeweller@burrowsjewellers.com.au and let’s discuss your future with us.


INDUSTRY

Saturday 23 August 2025

NIGHT OUT!

Jewels on the Harbour

Join us cruising on one, if not the best harbours in the world, where retailers

and suppliers celebrate – all inclusive of cruise, entertainment, food and drinks.

Scan the QR code and get your ticket now to be part

of the industry event you will not want to miss!

26 | June 2025


PROVEN | TRUSTED | RIGHT TIME | RIGHT LOCATION

Discover Brilliance

at the International

Jewellery Fair...

Set in a world-class venue, this is your

opportunity to connect with leading

domestic and international exhibitors,

all under one roof. Whether you’re

sourcing the latest collections, seeking

new suppliers, or simply staying ahead

of trends, IJF offers unrivalled access,

inspiration, and opportunity.

The heart of the industry, under one roof.

International

Jewellery Fair

Where Brilliance Connects

AUGUST 23 – 25, 2025

Saturday to Monday

ICC Sydney Darling Harbour

Register for FREE now

by scanning the

QR code or going to

jewelleryfair.com.au/ijf

Proudly supported by

Organised by

June 2025 | 27

Est.1990


Events Not to Miss

UPCOMING EVENTS

2025 Calendar

06 JUN

09 JUN

JUNE

06

JULY

07

09

SEPTEMBER

UNITED STATES

JCK Las Vegas

The Venetian Expo, Las Vegas, NEVADA

lasvegas.jckonline.com

4 JUN –7 JUN

Las Vegas Gem, Mineral

& Jewelry Show

The Expo at World Market Center

LAS VEGAS, NEVADA

jogsshow.com/las-vegas-gem-andjewelry-show/

10 JUL

13 JUL

2 SEPT

6 SEPT

SINGAPORE

Singapore International

Jewelry Expo

Sands Expo & Convention Centre

SINGAPORE

jga.exhibitions.jewellerynet.com

10 JUL

13 JUL

5 JUN –8 JUN

Las Vegas Antique Jewelry

& Watch Show

Wynn Las Vegas Resort

LAS VEGAS, NEVADA

lasvegasantiquejewelryandwatchshow.com

06 JUN

09 JUN

Singapore International

Jewelry Expo

Sands Expo & Convention Centre

SINGAPORE

jga.exhibitions.jewellerynet.com

AUGUST

08

Hong Kong Watch & Clock Fair

Hong Kong Convention & Exhibition

Centre

HONG KONG, CHINA

hktdc.com/event/hkwatchfair/en

06 SEPT – 08 SEPT

Bijorhca Paris

Porte de Versailles

PARIS, FRANCE

whosnext.com

23 AUG

25 AUG

JCK Las Vegas

23 AUG

25 AUG

OCTOBER

10

The Venetian Expo, Las Vegas,

NEVADA, USA

lasvegas.jckonline.com

10 OCT – 11 OCT

Kosmima Thessaloniki

AUSTRALIA

International Jewellery Fair

ICC Sydney, Darling Harbour

SYDNEY, AUSTRALIA

jewelleryfair.com.au/IJF

ADD EVENT

TO CALENDAR

& REGISTER

2 SEPT

6 SEPT

18 JUN – 21 JUN

The Unique Show

Le Méridien Beach Plaza

MONTE-CARLO, MONACO

theuniqueshow.com

19 JUN – 22 JUN

Jewellery & Gem ASIA (JGA)

Hong Kong

Hong Kong Convention and

Exhibition Centre

HONG KONG, CHINA

jga.exhibitions.jewellerynet.com

International Jewellery Fair

ICC Sydney, Darling Harbour

SYDNEY, AUSTRALIA

jewelleryfair.com.au/IJF

27 AUG – 29 AUG

Japan Jewellery Fair (JJF) Tokyo

Tokyo Big Sight

TOKYO, JAPAN

japanjewelleryfair.com

Thessaloniki International

Exhibition & Congress Center

THESSALONIKI GREECE

kosmima-expo.gr/en

NOVEMBER

12 NOV – 16 NOV

11

Jewellery & Watch Show (JWS)

Abu Dhabi

HONG KONG

Hong Kong Watch & Clock Fair

27 JUN – 30 JUN

Malaysia International

Jewellery Fair

Kuala Lumpur Convention Centre

KUALA LUMPUR, MALAYSIA

mijf.com.my

29 AUG – 31 AUG

Inova Collection Hofheim Am

Taunus

Messecenter Rhein-Main

HOFHEIM AM TAUNUS, GERMANY

inova-collection.de

ADNEC Centre

ABU DHABI, UAE

jws.ae

16 NOV – 17 NOV

SJAJ - International Exhibition

of Jewellery and Watches

Novi Sad

Hong Kong Convention & Exhibition Centre

HONG KONG, CHINA

hktdc.com/event/hkwatchfair/en

Novi Sad Faircenter

SERBIA

sajam.net

28 | June 2025


22nd

SOUTHPORT SHARKS

CNR OLSEN & MUSGRAVE AVENUE, SOUTHPORT QLD 4216

ADD E VENT

TO CALENDAR

» WED 6 AUGUST 2025

» THU 7 AUGUST 2025

9.00AM - 5.00PM

9.00AM - 4.00PM

+ 61 427 920 474 • MAIL@AUSTOPALEXPO.COM.AU

PO BOX 731, LIGHTNING RIDGE NSW 3834 AUSTRALIA

S AV E TH E DATE

AUGUST 6 & 7

June 2025 | 29

@ Southport Sharks


10 Years Ago

Time Machine: June 2015

A snapshot of the industry events making headlines this time 10 years ago in Jeweller.

June 2015

Historic Headlines

Gold necklace found on ancient corpse

Rare natural pearl survives two millennia

Sydney jewellery fair to promote young designers

Diamond producer hits jackpot again

Diamond treatments continue to cause suspicion

STILL RELEVANT 10 YEARS ON

"Great organisations are not only

known for having a smart business

model, clear strategy, multiple

financing options and better

people.”

READ ALL HEADLINES IN FULL ON

JEWELLERMAGAZINE.COM

ON THE COVER

COEUR DE LION

Editor’s Desk

Everything is wrong until ...

"I have written in the past that the

Australian jewellery industry suffers from

a lack of accurate information. We have

very few facts about total industry sales

at wholesale or retail, let alone individual

category sales. In fact, for a long time,

the industry flew blind on data about the

number of jewellery stores in the country.

There were guesses ranging from 2,000 to

4,000 but no one knew.

There was no clear agreement on what

defines a jewellery store. Could an

‘upstairs’ jeweller or a repair business

count as a retailer? Even fashion jewellery

retailers were debated, since there’s still

no consensus on what “fashion jewellery”

actually means."

Soapbox

Turn those lemons into lemonade

"A jeweller’s ultimate aim is to ensure

customers are satisfied with the level of

service and quality of product they receive

but this can be tested when a customer

tries to get something done for nothing,

and will stand in front of you and your staff

telling bare-faced lies to ensure that it

happens.

We pride ourselves on delivering

top-quality service in all facets of our

business, including the repair department.

This is, perhaps not surprisingly, the

area where the greatest satisfaction and

conflict will occur."

Mazin Kaddoura

Mazin’s Diamond Jewellers

Ram raid jewellery burglaries

catch on in NZ

A New Zealand jewellery store has been robbed

in a ram raid attack, only months after three

similar incidents occurred in Australia.

The theft occurred at around 3am last week

at Brownsons Jewellers, located in the

Meadowbank Shopping Centre in Auckland.

Store manager Suresh Raniga confirmed to

Jeweller that two masked men armed with

a crowbar and shovel used a car to smash

through the entrance of the shopping complex

before using bolt cutters to gain access to the

jewellery store.

According to Raniga, jewellery and a rotating

stand of watches were taken, but the total value

of stolen goods was still being calculated.

Jeweller raided by axe-wielding

burglars

The number of jewellers being targeted by

thieves continues to increase with news of

another jewellery store raid taking place – this

time involving the use of an axe.

Siren Fine Jewellery, located on a main road in

Sorrento on Victoria’s Mornington Peninsula,

was robbed at around 3:30am on Tuesday 3 June

by three thieves.

CCTV footage showed one thief using an axe

to break through the door. The offender then

entered the premises with a second suspect who

was holding a shopping bag. A third accomplice

remained by a get-away car for the duration of

the burglary.

It was reported that gold jewellery was stolen,

while silver jewellery was ignored. A computer

was also taken. Siren Fine Jewellery owner Jane

Kelly told Jeweller that she had not yet been able

to estimate the value of the goods taken.

Exposed: Major criminal tourmaline

operation

Brazilian police have uncovered a criminal

operation that involved the illegal

extraction and sale of one of the most

valuable gemstones in the world.

The unlawful organisation, which allegedly

consisted of several businessmen and a state

legislator, was said to have used an intricate

network of offshore companies in order to

negotiate the sale of Paraiba tourmaline as well

as to launder money.

According to media statements from the

Brazilian public prosecutor’s office (MPF),

the gemstone was illegally extracted from

a district in Paraiba before being cut and

polished in a neighbouring Brazilian city.

Gemstones were then exported and sold to

international markets such as Bangkok, Hong

Kong, Houston and Las Vegas.

Rare ruby duo discovered

in Africa

A gemstone mining company claims to have

unearthed a rare pair of matching rubies from

the same area that recently produced another

impressive gemstone.

The two rough rubies, which have a

combined weight of 45 carats, were

discovered at the Montepuez mine in

Mozambique, Africa, operated by UK-based

gemstone producer Gemfields.

Gemfields CEO Ian Harebottle described the

gemstones as “remarkable”, adding, “It is

extremely rare to find two matching rubies of

this size, colour and quality.

Their discovery underscores the importance of

the Montepuez deposit as a source of some of

the highest quality rubies the world has seen

in generations.”

30 | June 2025



Confidence

in

Diamonds

Starts with up to date knowledge

Gem-Ed Australia

SCAN FOR INFO

/GemmologicalAssociationGAA

@gaa_australia

GemmologicalAssociationofAustralia

32 | June 2025


REVIEW

Gems

Brazil: The many faces of Topaz

Topaz is most recognised now for its vibrant

shades of blue; however, this wasn’t always

the case.

To understand topaz, a gemstone that has been

popular for centuries yet often misunderstood

and mistaken for other materials, it is worth

revisiting the basics of gemmology.

A stone has to meet three criteria to be

considered a gemstone: it must have a beauty

which makes it suitable for use in jewellery,

it must be durable enough to resist wear and

tear, and finally, it must be rare.

Rarity is governed by supply and demand, and

this is where it gets interesting for topaz.

In terms of beauty - admittedly a subjective

quality - topaz has many features which make it

an attractive gemstone.

It is found in a variety of colours, from

colourless through to light and dark blue, and

including shades of yellow, orange, pink, brown

and green.

It forms in relatively large, transparent crystals,

and the combination of a high refractive index,

a vitreous lustre, and its ability to take a high

polish adds to the gemstone’s brilliance and

visual appeal.

With a Mohs hardness rating of 8, it also ranks

high in durability. Topaz resists abrasions,

which dull the surface, making it a suitable

gemstone for use in jewellery, including rings.

The main detraction in this regard is the

gemstone’s perfect basal cleavage, which can

make cutting and setting of the gemstone

more difficult.

As such, facets should not be cut parallel to the

basal cleavage, and care should be taken when

setting and cleaning to avoid putting stress on

the gemstone, which could cause fractures.

With that said, the sheer proliferation of topaz

in the market and the ongoing popularity of

the gemstone speak for itself regarding its

suitability as a material for use in jewellery.

Further adding to the appeal of topaz is its rich

history and pedigree.

For centuries, the primary source of topaz

has been the renowned Minas Gerais region

of Brazil.

The rich, golden yellow, warm orange, and

pinkish and reddish orange shades are said to

have been favoured by the Russian monarchy

in the 18th century, hence being known as the

‘imperial’ colours.

The imperial colours are rare to find in nature,

and as such, they are highly sought after and

command a high value.

Indeed, the golden yellow colour is

likely what most people imagine

when they think of the colour

topaz, which is particularly

amusing when we consider that

most topaz found in jewellery

stores today is vibrant blue.

With that said, topaz is no stranger to

mistaken identity. For most of its history,

and before the advent of modern gemmology, it

was known as the yellow gemstone, and other

yellow gemstones were often sold erroneously

as topaz, which had a higher value than citrine.

The pale, blue-coloured material was mistaken

for aquamarine, and the colourless topaz was

used as a diamond imitator.

In the latter half of the 20th century, it was

discovered that irradiating the colourless

topaz with gamma rays from cobalt-60,

followed by heat treatment, would transform

the gemstones into shades of sky blue and

steel blue.

The treatments, which are undetectable,

should be disclosed; however, they have

the benefits of full colour penetration and

permanence, making them a good candidate

for the mass market.

Brazil is home to more than a hundred different

varieties of gemstones and plays a significant role

in the jewellery trade.

Hardness: 8

Toughness:

Colour:

Cause of colour:

Main sources:

Acceptable treatment:

Unacceptabl treatment:

THE FACTS

Brittle

Colourless, blues, yellows, oranges, pinks,

browns, red (rare)

Unknown except for pink, which is

coloured by chromium

Brazil, USA, Japan, Africa

Irradiation and heat

Radioactivity

After all these years of mistaken identity, we

now find the market for topaz is divided - there

is the imperial topaz, which remains rare and

therefore is not as well-known but commands

a high value. And then there is the treated blue

topaz, which is abundant in supply, very popular

and thus quite affordable.

Both are beautiful and durable; they serve as

a wonderful example of the difference rarity

makes when valuing gemstones.

NATALIE HAMBLY is a Sydney-based writer and

gemmologist with a background in journalism

and media. For more information on gems and

gemmology, visit www.gem.org.au

June 2025 | 33


FORGING FUTURES

Building Mastery II

Progress has been made in the campaign for

improved support for Australia’s jewellery

apprentices after a meeting between industry

representatives and the government.

Earlier this year, Jeweller reported that Nationwide

Jewellers, Showcase Jewellers, and the Independent

Jewellers Collective have come together to address

the shortage of apprentices in the local trade.

As explained, the industry is struggling to meet

the increasing demand for custom-made jewellery

because it has an ageing workforce and an

inadequate number of apprentices.

After that story was published, Colin Pocklington

(Nationwide Jewellers), Anthony Enriquez

(Showcase Jewellers), and Joshua Zarb

(Independent Jewellers Collective) attended

a video meeting with representatives from

Job and Skills Australia to discuss this issue.

Pocklington told Jeweller that emphasising the

unique nature of Australia’s jewellery industry

was critical to rectifying this issue.

“We were able to clearly express our concern about

the industry’s growing demand for custom design

work and the significant shortage of skilled jewellers

to meet this demand,” Pocklington explained.

“Our grassroots knowledge of the industry’s

challenges was acknowledged and valued. It was

recognised that the unique structure of our industry

— largely made up of small, independent businesses

— has contributed to our skills shortage being

underrepresented or ‘falling between the cracks’ in

broader workforce assessments.”

What needs to change?

In particular, the three buying groups are

seeking the addition of ‘jewellers’ to the

Occupation Shortage List (OSL).

34 | June 2025


FORGING FUTURES | Building Mastery II

The OSL is a program organised by Jobs and

Skills Australia, a statutory body that provides

independent advice on future workforce,

skills and training needs.

The platform lists two relevant occupations

– Jewellery Designers and Jewellers – which

were rated as ‘No Shortage’ from 2021 to

2024.

At the time, a spokesperson for Jobs

and Skills Australia stated that while

modelling may suggest difficulty in

filling positions in occupations related

to jewellery manufacturing, there is

insufficient evidence of a national shortage.

During the meeting, the process for creating

the Occupation Shortage List was explained

to the representatives from the buying

groups. Zarb said this was a helpful exercise.

“From our perspective, it was interesting to

hear how this list is created, and I think it

was clear that moving forward, the buying

groups can provide some valuable input and

information,” Zarb explained.

“With the number of retailers represented

across the three groups, we can certainly

provide information about the key areas of

consideration.

“As we’ve said consistently, creating ways to

address the skills shortage in the industry

is a no-brainer that will benefit everybody.

This isn’t about any one group, it’s about the

future of the jewellery industry in Australia.”

Before the meeting, the buying groups

conducted a member survey, and the results

highlighted the need for additional support

in the jewellery manufacturing sector.

More than 100 buying group members

responded to the survey, and three-quarters

(75 per cent) said they do not currently

employ an apprentice.

“As explained, the industry is

struggling to meet the increasing

demand for custom-made jewellery

because it has an ageing workforce

and an inadequate number of

apprentices."

Around 87 per cent of participants suggested

that employing a new trade jeweller was ‘very

difficult’ or ‘extremely difficult’.

In comparison, 75 per cent of respondents

find it ‘very difficult’ or ‘extremely difficult’ to

employ a new apprentice.

One step at a time

The research also confirmed the increasing

demand for custom-made jewellery and

services such as repairs. Enriquez said

he was confident that positive changes

would follow this meeting.

“Improving support for apprentices is long

overdue in the jewellery industry. I think

this recent meeting was a step in the right

direction,” he said.

“We’ve managed to bring this issue to their

attention and make it clear that the jewellery

industry is unique, and that this is a retail

environment with many small stores run

by families that require more support in

bringing young people into the business.

“It’s not something that will be resolved

overnight, and there is a process that needs

to be completed, but I think that following

that meeting, we can be very optimistic that

we are moving in the right direction.”

By addressing the shortage via the OSL, it’s

hoped that jewellery apprentices will become

eligible for government subsidies offered by

bodies such as Apprenticeships Australia.

The Department of Employment and

Workplace Relations collaborates with

providers to offer comprehensive support for

apprentices, trainees, and their employers

throughout their training.

These include priority hiring incentives,

reimbursements for training and education,

as well as various subsidies and allowances

to help offset the cost-of-living pressures

during training.

The Occupation Shortage List is reviewed

and updated annually, with the next edition

scheduled for publication in October.

“It was recognised that

the unique structure

of our industry has

contributed to our

skills shortage being

underrepresented or

‘falling between the

cracks."

COLIN POCKLINGTON

NATIONWIDE JEWELLERS

"The jewellery industry

is unique, and a retail

environment with many

small stores run by

families that require

more support in bringing

young people into the

business."

ANTHONY ENRIQUEZ

SHOWCASE JEWELLERS

"Creating ways to address

the skills shortage in the

industry is a no-brainer

that will benefit everybody.

This isn’t about any one

group, it’s about the future

of the jewellery industry in

Australia.”

JOSHUA ZARB

INDEPENDENT JEWELLERS COLLECTIVE

June 2025 | 35


Elevate your retail offering with bespoke statement jewellery from a trusted Australian manufacturer.

With 60 years of excellence, our heritage craftsmanship delivers striking, high-quality pieces your

customers will love. Partner with us, where reputation meets distinction.

AUSTRALIAN OWNED & MADE

For all wholesale queries and orders, call us on +61 8 9367 7712 or email admin@soklichco.com

103 Mill Point Road, South Perth WA 6151 soklichco.com

36 | June 2025


DECODING DIAMONDS

A Guessing Game

There has never been a shortage of debate about diamond industry trends,

future predictions and analysis of the past. Much of it surrounds consumer

wants and desires, but where has all this lead to?

Norman Silver Diamonds

June 2025 | 37


W

hat

few people realise is that anyone

can predict the future. Everyone can

do it - it’s easy!

However, doing so with pinpoint accuracy is not.

People who are in the business of making

predictions or forecasts - the difference between

the two is the time frame - are simply guessing,

and sometimes they get it right and sometimes

they don’t.

There has never been a shortage of people wanting

to predict the fate of the diamond industry - from

mining and, cutting and pricing to retailing -

especially since the arrival of man-made diamonds

as a serious competitor to natural diamonds.

And throughout this time all eyes have been on

De Beers, the once monopolistic behemoth of the

international diamond market. As ‘quality’ labcreated

diamonds increasingly became a reality

and a legitimate rival to natural diamonds (at least

in some people’s minds) every decision and move

by De beers has been dissected.

Even Jeweller, as far back as 2005, was sufficiently

bold to predict De Beers’ move into the man-made

sector when we suggested that it should begin

manufacturing synthetic diamonds.

Rather than fighting the inevitable, we argued,

perhaps De Beers would be best to embrace

the sector. After all, we noted you can’t win a

competition in which you do not compete.

Spectators don’t win games!

Of course. All that came true 13 years later - in

May 2018 - when De Beers announced its move

into the man-made diamonds sector by launching

Lightbox Jewelry. However, 18 years later it has now

announced its departure from the product category.

Company officials explained that the controversial

‘brand’ is being closed due to the dramatic decline

in lab-created diamond pricing. The decision was

described as a commitment to the future of natural

diamonds.

DE BEERS’ DIAMOND ROUGHS

DE BEERS’ GAHCHO KUÉ MINE

Ironically, the establishment of Lightbox Jewellery

was once said to be a commitment to lab-created

diamonds!

In an interview with the New York Times, De Beers’

CEO Al Cook emphasised the importance of

differentiation between natural and lab-created

diamonds.

There has never been a

shortage of people wanting to

predict the fate of the diamond

industry - from mining and,

cutting and pricing to retailing

- especially since the arrival

of man-made diamonds as a

serious competitor to natural

diamonds.

“For 600 years, people have loved natural diamonds

because they are beautiful and rare. Synthetics

aren’t rare, and they certainly won’t be in 600 years’

time. Natural diamonds will be even more scarce

than they are now,” Cook said.

“Then again, none of us will actually be around to

find out.”

He added: “The fact that you can now buy a $299

engagement ring at Walmart would be a win in the

eyes of my predecessors. Because some retailers

are still selling that ring for $3,000, we have work

to do to differentiate and push the desirability of

natural diamonds.”

When Lightbox Jewelry was launched, Bruce

Cleaver was CEO of De Beers.

During an ‘exit’ interview with JCK Online in 2023,

he discussed the risks involved with the brand

and highlighted the importance of ‘separating’ the

categories from a consumer perspective.

“I say to people, it’s one of the scariest things I’ve

ever done. If we launched this product too soon, we

may legitimise a whole category quicker than we

should have. What if it was launched too late, and

the genie was out of the bottle?” Cleaver asked.

“We probably launched it at about the right time.

I’ve been surprised there’s been very significant

growth in lab-grown production in the last 18

months. But my view is that it will accelerate the

two markets separating.”

More predictions

Was the De Beers exit inevitable? Perhaps, if the

way the lab-created diamond market has behaved

and evolved.

In November 2023, ABC Australia asked: ‘If

diamonds are a girl’s best friend, why are their

prices in freefall?’

The article noted that the price of a one carat

diamond had seen a 32 per cent decline in less

than two years and for a half carat stone, prices

have fallen almost 40 per cent.

At the time diamond industry analyst Paul Zimnisky

said, ”The current softness in natural diamond

prices is primarily a correction, following what I

would say is a record run up in prices that we saw

in 2021 and 2022.”

He also noted that, ”Almost every category of

natural diamonds went parabolic to the upside,

due to supply shortages, following the stimulus,

primarily in the US, during the pandemic.

“Now we’re on the other side of that … we’re

experiencing a demand shock in the other

direction.”


Exactly 12 months later, in an article titled, ‘The lab-grown diamond

boom is over’, Zimnisky told BusinessInsider.com that he could see

jewellery stores scaling back their business in lab-created diamonds

while ramping up their focus on natural diamonds.

He told the publication that most jewellers aren’t even bothering to

maintain inventory of lab-created diamonds, and are only purchasing

stones on consignment.

Zimnisky predicted that sales growth could fall as low as a single-digit

percentage, down from the 20-30 per cent growth when lab-created

diamonds were at the peak of their popularity.

Late last year, Edahn Golan, another diamond industry analyst and

commentator provided his thoughts for 2025.

In December 2024, he described the coming year as one of

‘realignment’.

“For the natural diamond industry to achieve its goals, requires the

repositioning of diamonds as a true luxury item: rare, well-designed,

exceptionally made, and pricey. By targeting the client base to diamond

connoisseurs and aficionados. Diamonds will once again become

aspirational,” Golan wrote.

He believes the way in which the industry should achieve the goal of

diamonds becoming de-commoditised and once again aspirational

is “to reposition diamonds as a true luxury item: rare, well-designed,

exceptionally made, and pricey. The target client base should be

connoisseurs and aficionados”.

Control your own destiny

Of course, this will require marketing and, perhaps, that’s where the

industry should go back to the future, not being concerned about

competing on price.

That is, focus on your own business and not that of others.

And on that note, just as there has never been a shortage of people

willing to make predictions and forecasts about the diamond industry,

there has never been a shortage of industry research.

However, the problem with research is that it’s often incorrect. One

only needs to consider how wrong political research is these days,

where political experts who predict one party to win an election, loses.

Furthermore, consumers often don’t know what they want.

Sapphire Dreams celebrates the outstanding beauty of

Australian sapphires, showcasing their unparalleled

colour range within meticulously crafted, elegant jewellery

designs. Each sapphire is hand-selected by our team of

expert gemmologists, ensuring every piece highlights the

stone’s natural brilliance and unique beauty.

Our ethically sourced, Australian sapphires embody the

harmony of luxury and sustainability.

SapphireDreams.com.au

Become a stockist today 02 9290 2199


DIAMOND FOUNDRY’S MANUFACTURING FACILITIES

In fact, some argue that it’s not the customer’s

job to know what they want.

This is best illustrated by Apple’s legendary

(former) leader, Steve Jobs who is reported to have

said, “It’s really hard to design products by focus

groups. A lot of times, people don’t know what they

want until you show it to them”.

Put another way, though there is no evidence he

actually said it, a quote attributed to Henry Ford

concerning his first automobile is: ”If I had asked

people what they wanted, they would have said

‘faster horses’.”

Though customer research should not be ignored,

both points are correct; however, each can logically

be taken to the next stage: Customers having

asked for, or not having known that they need X,

can then decide they were wrong.

Using Job’s explanation, having been shown labcreated

diamonds, customers might ultimately

decide they are not what was promised or their

preferences change.

Consumer failure

This could be part of the explanation about

LightBox’s ‘experiment’ with a bridal jewellery

collection. In June 2023 the company began a

trial of engagement rings consisting of 16 pieces

featuring lab-created diamonds with prices

ranging from $AU895 to $AU8,950.

However, it didn’t take long for the company to

realise that either its assumptions or research was

wrong, the product and pricing was wrong or the

required demand was wrong.

A mere four months later the jewellery collection

was ended, indicating that the commercial

proposition for many lab-created diamond

engagement rings is ‘likely unsustainable’.

“What does the future hold

for traditional jewellery

stores that focus on the labcreated

sector?”

But here’s the kicker!

A De Beers statement at the time read: “Through

the test, the company deepened its understanding

of lab-grown diamonds and evaluated the changing

landscape and consumer perceptions associated

with them,” and that lab-created diamonds had a

promising future.

“Lightbox will continue to focus on where it sees

the most promising future opportunities in the

sector – in fashion jewellery and in loose stones

at accessible price points – and will not sell

lab-grown diamond engagement rings.”

Of course, that was September 2023 and now it’s

May 2025 - only 20 months later - and LightBox has

gone the way of the dinosaurs! The entire company

was closed.

So much for a promising future - customers don’t

know what they want until you show them, and

then maybe they don’t want it after all.

Of course, the real problem could have been

with the manner in which De Beers launched,

distributed and promoted the product rather than

the concept of man-made diamonds themselves.

However, the issue is more complex, as it always is

when human emotion is involved.

Writing for The Diamond Press, industry analyst

Avi Krawitz suggested that De Beers’ experiment

with man-made diamonds reinforced the fact that

it couldn’t compete in the engagement jewellery

market with lab-created diamonds without

undermining the value of natural diamonds.

“It’s a course correction that, had it come sooner,

might have saved the industry years of mixed

messaging.”

He suggests that this lesson positioned De Beers

to choose between the two categories, instead of

playing both sides of the fence.

“Disrupting the lab-grown diamond market was

never a one-brand job. It requires an industry-wide

strategy,” Krawitz writes.

“For 600 years, people have

loved natural diamonds because

they are beautiful and rare.

Synthetics aren’t rare, and

they certainly won’t be in 600

years’ time.”

“I say to people, it’s one of the

scariest things I’ve ever done.

If we launched this product

too soon, we may legitimise a

whole category quicker than we

should have.”

“For the natural diamond

industry to achieve its goals,

requires the repositioning

of diamonds as a true luxury

item: rare, well-designed,

exceptionally made, and pricey.”

“Still, it’s a welcome shift —

not just for De Beers, but for

a trade that’s long needed a

clearer narrative and more

unified strategy in the face of

lab-grown disruption.”

Al Cook

De Beers’ CEO

Bruce Cleaver

Former CEO of De Beers

Edahn Golan

Diamond Industry Analyst

Avi Kravitz

Diamond Industry Analyst

40 | June 2025


GIA’S RESEARCH ARCHIVE

Sir Oppenheimer Student Collection

Left: Lab-grown CVD rough diamond;

Center: Laboratory-grown HPHT rough diamond;

Right: Natural rough diamond

“A co-ordinated approach built on cost-based

pricing, quality assurance instead of grading, and

fashion-focused positioning would carry far more

weight if adopted at scale.”

He adds, “With Lightbox now shuttered, De Beers

appears to be returning to its roots — partnering

with retailers and reviving category marketing to

reaffirm the unique value of natural diamonds.

It’s a course correction that, had it come sooner,

might have saved the industry years of mixed

messaging.”

“Still, it’s a welcome shift — not just for De Beers,

but for a trade that’s long needed a clearer

narrative and more unified strategy in the face of

lab-grown disruption.”

Is Krawitz correct? Yes, but again there’s more to

it and Golan points to other issues.

“In January 2020, the retail price of a one-carat

round lab-grown diamond was 35 per cent less

than a comparable natural diamond,” Golan wrote

in September 2023.

“Currently, the price gap is 76 per cent even as the

price of natural diamonds is declining. Natural

diamonds, with all their fluctuations, are a

relatively steady commodity. Lab-grown prices, on

the other hand, sink like a stone in water.

“In this case, the body of water is the consumer

market. For lab-grown to continue to be a viable

consumer product, some perceived value needs

to be created. Until then, the lab-grown pipeline is

driving fast into a dead-end.”

Wrong questions

Is there a future for lab-created diamonds?

Yes, of course.

But, is this the right question?

Is a more appropriate question: “What does

the future hold for traditional jewellery stores

that focus on the lab-created sector?”

If the price of lab-created diamonds keeps

decreasing, and consumers become more

savvy, aided increasingly by artificial intelligence,

can it be a profitable category for independent

jewellers?

Along with the rise of online behemoths such

as Blue Nile, Brilliant Earth and James Allen,

anecdotal evidence suggests that the target

customer is ‘netizens’ - an all-encompassing

term describing online customers, web

customers, social media users, and digital

consumers.

If the price of lab-created

diamonds keeps decreasing,

and consumers become

more savvy, aided

increasingly by artificial

intelligence, can it be a

profitable category for

independent jewellers?

These consumers prefer shopping via digital

channels rather than at physical stores.

This, along with how natural diamonds should be

positioned and marketed against their man-made

cousin, is another topic entirely. Perhaps for

another time.

And, of course, it introduces new predictions and

forecasts along with different people making the

predictions and forecasts. This is something a

publication such as Jeweller largely leaves to

others. It’s our job to report on the past, analysing

what other experts have predicted.

That said, the US management consultant

once said: The best way to predict the future

is to create it.

It seems that, when it comes to man-made

diamonds, creating the future is something

that De Beers was unable to achieve, along

with predicting it!

A new range of Argyle pink & blue

diamond jewellery, from one of

the original Argyle Pink Diamond

Select Ateliers.

ninasjewellerywholesale.com.au

EST• 1 965

Proudly supporting

June 2025 | 41


BUSINESS

Strategy

New strategies: Switch the focus within

your business to the customer

It’s time to lead by example within your store! STEVEN VAN BELLEGHEM reveals powerful

strategies to improve customer experience within your business.

If you want to install a powerful customer

culture in your business, you’ll need

everyone on board, not just those

departments that are officially

dedicated to the customer.

This is one of the biggest stumbling

blocks for companies that have great

intentions yet are unable to execute them

effectively. With that in mind, consider

the following strategies to help embed

a deeper customer vision across your

entire business.

Hiring & Training

If you want everyone in your business to

prioritise the customer, you need to hire

them accordingly — that’s the first step.

Trader Joe’s, for instance, has an

excellent customer experience (CX)

reputation, and they are cautious about

who they hire. The question ‘Do you like

to make people smile?’ is, for instance,

included in their job applications.

When you identify those individuals,

provide regular training sessions and

workshops on understanding customer

needs, empathy, effective communication,

and problem-solving.

That’s important to keep them on their

toes, stimulate their natural propensity

towards customer friendliness and keep

them aware of all the latest evolutions.

Atlantis the Palm, for instance, hires

individuals with the right attitude, initiates

them with a comprehensive five-day

orientation program, and then continues

to train them on the job through ongoing

training updates.

Like online courses, Forbes Travel Guide

training, collaborations with universities,

cross-exposures to other departments,

and working at sister hotels, such as

One&Only, etc. When it comes to CX, they

have a lifelong learning attitude.

Repeat the story

It’s also crucial to keep communicating

about your obsession with the customer to

everyone within the company.

Every meeting, especially in departments

that are not officially responsible for

customer experience, should begin and end

with a focus on the customer. Yes, process,

revenue, sales tactics, the competition, etc.,

are essential, but “How does this decision

affect the customer?” should always be top

of mind in every department’s endeavours.

You may need some storytelling to make

sure that everyone is on board. That is, for

instance, what Amazon did when it put an

empty chair in the meeting to symbolise the

customer's vote.

Reward & Support

Companies that offer a great customer

experience tend to reward their employees

for delivering that service. Adobe, for

instance, structurally celebrates employee

achievements through peer-to-peer

recognition, manager appreciation, and

company-wide recognition events. This not

only allows its employees to feel involved

and valued, but it also underscores the

importance of customer experience.

It’s not just about reacting when things go

great; it’s also about responding right when

things go wrong.

If you want

everyone in

your business

to prioritise

the customer,

you need to

hire them

accordingly —

that’s the first

step.

When an employee makes a mistake

towards a customer, they should also feel

heard and appreciated by their leaders.

There is an emotional cost when someone

makes a customer misstep, and leaders

should acknowledge this and reassure

them that such mistakes happen and are

understandable.

This helps to install a psychologically safe

environment where people feel supported

to experiment and go the extra mile for

the customer.

Every customer idea is great

When enthusiastic employees come up

with ideas for creating a better customer

experience, many of these ideas are met

with scepticism.

We have all been confronted with idea

killers like “But what if every customer

wants that?”, “That won’t work”, or “That

will cost too much?”. Maybe we’ve even

spoken those very words ourselves.

You don’t need to implement every idea

your employees come up with, obviously,

but treat every customer idea like a great

idea. Don’t just dismiss it; consider it

from the customer’s point of view and

try to envision the potential impact.

Congratulate your employees on their

creativity and proactivity.

Show them how appreciative you are of

what they think. If you don’t, they just won’t

come up with any ideas anymore, because

they’ll think “no one listens to me anyway”.

It’s about making them feel valued and

creating a safe space where they can

share their ideas.

42 | June 2025


Even better is to allow dedicated time for

new ideas, such as 3M’s unique 15 per cent

Culture, which encourages employees to

set aside a portion of their work time to

cultivate and pursue innovative ideas that

excite them proactively.

Lead by example

There is often a significant difference

between what company leaders say,

such as “we put the customer at the heart

of everything we do,” and what they do.

For instance, if an employee was able to

turn a frustrated customer into a happy

one with a service call that was longer than

usual, and the leader’s reaction is “That’s

fantastic, but try to keep the call shorter

next time to keep the cost per customer

down”, that is not the way to convey that

the customer is king. It only shows that

revenue is king.

Additionally, I appreciate examples from

leaders who maintain close contact with

customers in the field from time to time.

Brian Chesky, the CEO of Airbnb, spent six

months living on the premises that he’s

been renting out through his platform.

Starbucks CEO Laxman Narasimhan

works one half-day a month as a barista to

become immersed in the customer culture.

Uber CEO Dara Khosrowshahi got behind

the wheel as a driver and went through the

entire process himself, from signing up as

a driver to driving customers and dealing

with app glitches and traffic.

Wade Foster, CEO of Zapier, spends time

every week in the contact centre working

through customer support calls. This is

how you convey that customer experience

is important -by acting on it.

Everyone should have direct contact

Suppose you want everyone in your

company to be deeply committed to your

customers and understand them.

In that case, they must meet those

customers, current and past, especially

those employees who are not in

customer-facing positions.

At the Belgian subsidiary of Anheuser-

Busch (AB InBev), for instance, all top-tier

executives had to engage directly with three

past customers. Their mission was to have

a heart-to-heart on why they parted ways

with AB InBev.

This fresh approach led to management

strategies brimming with genuine empathy

and a deeper understanding of core issues.

Microsoft does something very similar;

at the beginning of each executive

committee meeting, they hold a 90-minute

conversation with two prospects whom they

had been unable to turn into customers.

And at DoorDash, all salaried employees

are required to make deliveries through

its WeDash program, including CEO Tony

Xu. You cannot expect all your employees,

across the entire business, to prioritise

customer needs above all else if they are

unaware of that customer.

All metrics are CX metrics

If you want everyone in your company

to prioritise the customer, then you

should integrate customer experience

into your performance metrics and

incentives, not just those of the

customer-facing departments.

You can tie incentives, bonuses, or

performance reviews to customer

experience metrics to reinforce the

IMPROVING

CUSTOMER

EXPERIENCE

WITHIN YOUR

STORE

Hire the right

people

When considering

a new employee,

focus on their

attitude towards

customer

experience.

Breaking down

barriers

Ensure that

everyone within

the business has

some degree of

regular contact

with customers.

Repeat the

story

Reiterate to

your staff the

importance of

delivering a

great customer

experience.

Prizes &

Adulation

Connect

incentives

within your

business to strong

performances

with customers.

importance of prioritising customer

satisfaction and loyalty across all

departments.

What is crucial here, though, is that these

KPIs are used to manage the customer

culture, not the customer score itself. For

instance, when you use “low product returns'

as a KPI as a proxy for high satisfaction (i.e.,

“if they love the product, they won’t return

it”), the result is not better products, but

rather a process that makes it very difficult

for customers to return a product. That is

always the danger of KPIs.

However, if you have a customer-oriented

culture (one that follows one or more of the

above strategies), that won’t happen.

Food for thought

Two important patterns are running through

all the above approaches.

The first is the importance of silo-breaking:

fostering contact and communication across

all departments, not just marketing and

customer experience.

The second is making these processes

structural. Customer experience cannot be

an afterthought. You need to embed it across

all of these departments structurally.

The common denominator is that all these

strategies are deliberate and occur on a

regular basis. That’s the only way that you’ll

make your customer culture work.

STEVEN VAN BELLEGHEM is a

business consultant and keynote

speaker, specialising in customer

experience and the future of marketing.

Visit: stevenvanbelleghem.com

June 2025 | 43


BUSINESS

Selling

Unleashing the Power of 'How': the good and bad

No matter what you are selling, or where you are spelling, the outcome can often be divided by language.

TOM MARTIN discussed the difference between two 'hows'.

I often speak about the language of

influence which delves into the idea that

words matter, in all aspects of sales,

whether that be running marketing

departments and agencies or on the

sales floor of a jewellery store.

Every business interaction is essentially

about a seller attempting to convince a

buyer about a product or service. Retail

jewellery is no different.

through a story. Use metaphors. Make

it tangible. Remember, people prefer

stories to stats. Create memories

they'll recall days later if they are still

considering their purchase.

3. Provide the ‘why’ before the ‘how’.

Your customers are not buying tactics,

they are buying outcomes. Anchor

your pitch in what it will do for them,

then explain how.

You see, even more than the

words themselves, how you say

them - and deliver the message -

separates a forgettable sales pitch

from a winning one.

Key words to look for is ‘how’, which can

be your best friend or worst enemy. It all

depends on timing, tone, and context.

The good ‘How'

Let’s start with the version of ‘how’ we

all want to hear: How do you do that?

When a prospective customer asks this

early in a conversation, it’s gold. It shows

they are curious or interested.

This kind of 'how' is an invitation - a signal

that your sale presentation has sparked

something. It’s an indication that the

customer is picturing the jewellery pieces

in their world.

And it’s your job as the salesperson, in

that moment, to walk through the door

they just opened. Show them, don’t tell

them. Use a story.

This kind of ‘how’ means you’re gaining

traction, you are building trust and - more

importantly - you are being seen as the

expert, the guide, the one who gets it.

The bad ‘How’

Now let's flip the coin - if a customers

asks, How would that work?, you have a

problem.

That’s a sign you didn’t lay the yellow

brick road. Chances are you spoke in

superlatives versus providing details. And

now, instead of being interested, their

cognitive load just spiked.

The customer is being forced to work

harder to understand than they should be.

Neuroscience tells us that when people

work too hard to understand something,

they remember less of it.

In other words, a skeptical ‘how’ often

means they’re not buying what you’re

selling. They’ve gone from ‘this sounds

great’ to ‘prove it’. Or worse, ‘I’m not sure

I believe you’.

That’s not a pitch anymore. That’s a trial

and guess who’s on the witness stand?

Why It Happens

So why does the bad ‘how’ - skepticism -

arise? I believe there are three common

reasons.

1. You used insider language such

as industry acronyms, jargon, and

frameworks that make sense to you

but not to the customer.

2. You didn’t build belief. Perhaps you

told a story without the setup. Sales

staff often sell the sizzle before they

even show the steak.

3. You skipped steps. You jumped from

problem to solution without mapping

the journey in between.

And when any of these happen the brain

starts looking for gaps in your sales

presentation and that’s when the 'bad

how’ creeps in.

Overcoming buyer skepticism

How do you create that good, curious, ‘tell

me more’ kind of ‘how’?

Here are four recommendations:

1. Start with the customer’s problem

or wants and desires. Paint it vividly

and use a confirmation sequence to

demonstrate that you understand

their issues or their wants and

have the perfect solution. More

importantly, after you finish, stop and

ensure they agree.

2. Use visual language - walk them

This kind of

‘how’ is an

invitation -

a signal

that your sale

presentation

has sparked

something.

This is an

indication that

the customer

is picturing the

jewellery pieces

in their world.

4. Drop strategic breadcrumbs

throughout the conversation. Pepper

your pitch with compelling insights

drawn from what they told you.

Demonstrate that you listened.

In a nutshell, create intrigue, leave room for

inquiry and the customer will do the rest.

Avoiding the ‘bad how’

Not only do the words you use matter, it’s

also about how you deliver them which

can be even more important if you want to

create trust and credibility.

Here are a few tips to steer clear of the kind

of ‘how’ that signals doubt in the customer.

Rehearse clarity, not just your sales

delivery. If your pitch isn’t crystal clear to

another person, revise it until it is.

Bulletproof your transitions. By that I mean,

often, the ‘bad how’ comes between two

good ideas that aren’t well connected.

Bridge every topic and section. Make sure

each idea flows into the next.

Anchor ideas in evidence. Tell an interesting

story supported by examples. If the

customer’s first thought isn’t ‘of course,

that makes perfect sense’, you did it wrong.

Go back and rethink your selling approach.

End result

Remember, when it comes to jewellery

sales, you are often selling a dream - a

belief. Therefore ask yourself an honest

question: would I believe this?

Trust. Excitement. Anticipation. Confidence.

Belief. They are the real goals.

TOM MARTIN is an author, keynote

speaker, and the founder of Converse

Digital, a sales and marketing agency.

Learn more: conversedigital.com

44 | June 2025


BUSINESS

Management

Is it time to ditch the to-do list?

Are you busy all day, yet somehow failing to make progress?

DOUG FLEENER encourages you to escape the workday overload trap.

Many store owners fail to realise that

one of the biggest obstacles in the path

of successfully leading a business is the

dreaded ‘to-do’ list.

Using these lists feels like a

responsible, productive, and efficient

way to use time; however, it’s a habit

that quietly pulls you away from the

factors that drive performance.

Indeed, many business leaders are

productive without being effective

because they chase the feeling of

‘completion’ over impact and priority.

The to-do list is an example of this, as you

feel a sense of accomplishment as you

mark and check tasks as complete. But

what can be said for the intangible goals

that are important, yet impossible to list?

- Leading by example in the business

- Inspiring staff to reach new heights

- Coaching staff to improve performance

- Observing and learning

Those aren’t tasks, and yet, they’re

essential aspects of everyday

leadership within a business. They

rarely happen when you’re focused on

completing a checklist.

Consider the following quick tips for

leading and succeeding within your

business, beyond the to-do list. Dedicate

a set amount of time each day to make

an impact, compared with merely doing

things. That is a significant shift.

Include learning and observing in your

daily responsibilities. I like to force myself

to answer this question: What could we be

doing differently today?

Ditch the to-do list and focus on the

impact of your work!

Thriving in uncertainty

You start each day determined to

accomplish everything. You jump from

task to task, power through meetings,

phone calls, and interactions with

customers on top of trying to respond to

every email as it hits your inbox.

Does this scenario sound familiar to you?

By the end of each day, exhaustion sets

in, and despite all your effort, it feels as

though you’ve barely made a dent in what

truly matters.

This is what I like to describe as ‘workday

overload’ – the hidden drain on your

productivity and performance. The harder

you push, the more you find that your

effectiveness suffers.

Consider the following signs that you may

be caught in the workday overload trap.

• You’re always busy; however,

progress feels slow. Your to-do list

increases, and meaningful work

gets buried under demands.

• You’re constantly reacting. Your day

is dictated by emails, last-minute

requests, and unexpected fires

• Your focus feels scattered.

Multitasking and rapid taskswitching

leave you feeling busy

but unproductive.

• You wish you had spent more time on

results. You realise most of your time

was spent ‘firefighting’ instead of

making an impact on your goals.

There are three obvious ways to break

free from the workday overload trap.

1. Prioritise with purpose: Each

morning, define the three most

impactful actions to complete. This

keeps your efforts directed toward

results, not just activity.

2. Create pauses to advance a priority:

Instead of working nonstop, schedule

short, focused breaks to move forward

a priority, whether it’s calling a top

customer, coaching an employee,

planning a new marketing initiative, or

making a key decision.

3. Reset how you work: Shift your focus

from effort to effectiveness. End your day

by sharing how you were more effective,

not just how much you accomplished.

Dedicate a set

amount of time

each day to

make an impact,

compared

with merely doing

things. That

is a significant

shift.

Stop selling to increase sales

Once upon a time, I worked with a sales

representative who had everything going

for her – charisma, product knowledge, and

excellent communication skills. Despite all

this, she struggled to make sales.

She was afraid of being ‘pushy’and that

minimised all the good qualities she

naturally brought to the table. Specific sales

techniques didn’t help her situation, and

neither did giving her key lines to use. The

switch wouldn’t flip.

One day, I said, “What if you stopped trying

to sell altogether? Think about it. We’ll talk

more tomorrow.”

She came in the next day and said, “I still

don’t get it. My job is to sell, and now you’re

telling me to stop selling?”

“Exactly,” I said. “Forget selling. Just care.

Care more about the person in front of you

and what will make them happy. Instead of

thinking about closing the sale, focus on

helping them walk out feeling great about

what they got."

That advice clicked. She loved people, so

it made sense. Make them happy. Within a

week, her sales had increased by double

digits. The following month, she was the

top salesperson.

What stood out more than these figures was

how different she felt. The pressure was

gone, and her conversations were lighter

and natural. She wasn’t trying to get people

to buy—she was helping them feel good

about making a purchase.

The shift wasn’t about changing her

technique; it was about changing what she

cared about most. She stopped fighting to

be a salespersonand started focusing on

helping people have a better, happier day.

And that’s the twist.

When she stopped selling and focused on

helping others feel joy, everything changed.

Service – not persuasion – is the ultimate

advantage in sales, leadership, and life.

That’s real impact beyond a to-do-list!

DOUG FLEENER is the author of a new

book titled The Day Makes The Year

(Makes The Life).

Learn more: dougfleener.com

June 2025 | 45


BUSINESS

Marketing & PR

Driving sales by mastering digital marketing

Are you making the most of your online opportunities?

SARAH SMITH YKORUK encourages you to sharpen your digital marketing strategy.

Customer reviews are ‘gold’ for

jewellers and online jewellery

businesses. Learning how to manage

them effectively can be a game-changer

for many businesses, significantly

boosting your store visits.

Customer reviews have a significant

influence on consumer decision-making.

Potential customers often read reviews to

gauge the quality of products and services

before making a purchase.

Showcase your products, jewellery brands,

or services through high-quality images

and videos, and ensure you use relevant

hashtags to increase discoverability.

Engage with your audience by hosting live

Q&A sessions, posting behind-the-scenes

content, and encouraging user-generated

content through contests and giveaways.

Building a community around your brand

can significantly boost your sales during

bridal season.

For many, it is the first place to look

and dive into before even visiting the

business’s website. For jewellers,

positive reviews can significantly enhance

credibility and be the deciding factor

whether to take the next step.

Reviews serve as social proof, providing

real-life experiences from previous

customers. When potential buyers see

a plethora of positive feedback, they are

more likely to trust the business.

Encouraging positive reviews

One effective way to encourage positive

reviews is to provide exceptional

customer service.

Ensure that every customer has

a memorable experience, from

the moment they walk in until they

leave. Train your staff to be attentive,

knowledgeable, and courteous.

Another strategy is to ask for reviews.

After a successful transaction, politely

request that customers share their

experience online. Offering incentives,

such as discounts on future purchases,

can also motivate satisfied customers to

leave positive reviews.

Incentivising your sales professionals

also helps make it a priority for them to

include asking for a review as part of their

customer interactions.

Responding to reviews, whether positive

or negative, shows that you value

customer feedback and are committed

to improving your services. Thank

customers for their positive reviews and

acknowledge their support.

For negative reviews, respond promptly

and professionally. Address the

customer's concerns and offer solutions

or compensation if necessary.

This not only helps in resolving issues but

also demonstrates to potential customers

that you care about their satisfaction.

Leveraging reviews in strategy

Incorporate positive reviews into your

marketing campaigns. Share them on

your website, social media platforms,

and email newsletters to build trust and

attract new customers.

Creating video testimonials or featuring

customer stories can also be highly

effective. These authentic endorsements

can resonate more deeply with potential

customers and drive store foot traffic.

Regularly monitor and analyse customer

reviews to identify trends and areas

for improvement.

Use tools and software to track reviews

across various platforms and gather

insights into customer preferences and

pain points.

Implement changes based on the

feedback received. Continuous

improvement not only enhances customer

satisfaction but also increases the

likelihood of receiving positive reviews in

the future, thereby driving more repeat

business and increased store visits.

Digital marketing in the bridal season

The bridal season is a golden opportunity

for jewellery stores to boost their sales,

and digital marketing is your secret

weapon to make the most of it.

Social media platforms such as

Instagram, Facebook, and Pinterest

are gold mines for reaching brides-tobe.

Utilise targeted ads to reach your

audience based on their interests

and behaviours.

The bridal

season is

a golden

opportunity

for jewellery

stores to boost

their sales,

and digital

marketing is

your secret

weapon to

make the

most of it.

Content is king, especially during the bridal

season. Create blog posts, videos, and

infographics that offer value to brides-tobe.

Topics such as ‘Wedding Trends for

This Year' or 'How to Choose the Perfect

Wedding Dress' can attract a lot of traffic

to your website.

Ensure your content is shareable. Add

social sharing buttons to your blog posts

and encourage your audience to share your

content on their social media platforms.

The more your content is shared, the more

visibility your brand will get.

Search engine optimisation (SEO) is crucial

for capturing organic traffic. Use keyword

research tools to identify popular bridalrelated

search terms and incorporate

them into your website content, meta

descriptions, and alt text for images.

Ensure your website is mobile-friendly,

as many users will browse on their

smartphones. A fast-loading, easyto-navigate

website can significantly

improve user experience and increase the

likelihood of conversions.

Email marketing remains one of the most

effective ways to reach your audience.

Create targeted email campaigns that

offer exclusive discounts, bridal tips, and

updates on new products or services.

Wedding planners can recommend your

business to their clients, giving you direct

access to potential customers.

Consider offering special packages

or discounts to these collaborators to

incentivise them to promote your store.

SARAH SMITH YKORUK is director

of Client Relations at GemFind Digital

Solutions Visit: gemfind.com

46 | June 2025


BUSINESS

Logged On

AI in Retail: Can it change your business?

Welcome to the world of tomorrow! DAVID BROWN discusses

the impact AI tools will have on your jewellery business.

Artificial Intelligence (AI) is no longer

a futuristic concept; it’s here, and it’s

already shaking up the retail industry.

If you’re a business owner, AI isn’t just

something for tech giants to worry about.

It’s a powerful tool that can help you

streamline operations, boost sales, and

create better customer experiences.

For example, AI can help you personalise

email campaigns, optimise social

media ads, and even create content that

resonates with your ideal customers.

This means better return on investment

on your marketing efforts and more

conversions. Your marketing will eventually

be aimed at the individual.

So, what’s happening in AI right now, and

how can it help you? Let’s dive into some

of the latest developments and how they’ll

impact retail in the future.

Personalised shopping experiences

Have you ever wondered how Amazon

seems to know precisely what you want

before you even do?

That’s AI-powered personalisation at

work. AI analyses customer behaviour,

past purchases, and browsing habits to

recommend products in a way that feels

almost human.

This process will only become more

refined. As a retailer, you will be able

to use AI-driven recommendation

engines on your website or app to

suggest products based on a customer’s

interests. This will not only increase

sales but also make shopping more

convenient for your customers.

AI Chatbots and Virtual Assistants

Gone are the days when chatbots gave

robotic, useless responses. AI-powered

bots are now sophisticated enough to

handle complex customer interactions,

answer questions, and process orders.

For small and mid-sized retailers, you

can offer 24/7 customer service without

hiring an entire staff. Chatbots can also

help reduce cart abandonment by guiding

hesitant consumers through checkout.

Inventory and forecasting

Stocking too much inventory eats into your

profits; however, running out of popular

products will cost you sales. AI can assess

trends, seasonal changes, and purchasing

behaviour to predict demand more

accurately than humans ever could.

Retailers using AI-driven inventory

management systems can automate

reordering, prevent overstocking, and

adjust pricing based on demand.

This keeps shelves stocked with the right

products at the right time, maximising

revenue.

AI-powered visual shopping

Imagine a customer sees a stunning ring

on Instagram; however, they have no idea

where to buy it.

With AI-powered visual search, they can

upload an image, and the system will find

similar products in your store. Pinterest

and Google Lens are already using this

technology, and it’s becoming more

accessible for small retailers.

Adding visual search capabilities to your

website or e-commerce store can help

customers find what they want faster and

increase conversions.

Automated 'zero staff' checkouts

The days of waiting in long checkout lines

might soon be over. AI-driven cashier-less

stores plan to use cameras and sensors to

track what customers pick up and charge

them automatically as they walk out.

While this might sound futuristic - not to

mention a security risk - even smaller

retailers can implement AI-powered

self-checkout systems to speed up

transactions, reduce staffing costs,

and improve customer satisfaction.

Smarter targeted marketing

If you’re running digital ads, AI can ensure

you’re not wasting money on people who

will never buy.

AI-driven marketing tools analyse

customer data to create highly targeted

ads that reach the right audience at the

right time.

As a retailer,

you will be able

to use AI-driven

recommendation

engines on

your website or

app to suggest

products based

on a customer’s

interests.

Fraud detection and security

As more transactions move online,

fraud is an increasing concern for

retailers. AI can detect suspicious

behaviour in real time, flagging unusual

transactions and preventing charge

back fraud before it happens.

AI-driven fraud detection tools learn from

past data to identify patterns, making them

more effective than traditional security

measures. This helps keep your business

and your customers safe.

What’s next with AI in retail?

The AI revolution is just getting started.

Soon, we could see AI-powered robotic

store assistants, advanced augmented

reality shopping experiences, and

even smarter voice-activated shopping

through devices such as Alexa and

Google Assistant.

As a business owner, embracing AI now

will keep you ahead of the competition.

Whether through personalised

recommendations, AI-driven marketing,

or automated inventory management,

these tools can help you work smarter.

There’s a common fear that AI will take

jobs away; however, in retail, it’s more

about making jobs easier and businesses

more efficient. Instead of replacing human

workers, AI allows your team to focus

on higher-value tasks like customer

relationships and creative strategies.

Customers will always value the personal

experience of jewellery buying.

The bottom line? AI is here to stay, and

it’s transforming retail. The sooner you

integrate AI into your business, the more

you’ll benefit.

DAVID BROWN is co-founder

and business mentor with Retail

Edge Consultants. Learn more:

retailedgeconsultants.com

June 2025 | 47


My Bench

William Masters

Robert Cliff Master Jewellers

• AGE: 22 • YEARS IN TRADE 2 • TRAINING: Second-year jewellery apprentice • FIRST JOB: Kmart

ROSE NOIR ELEGANCE

Designed and handmade for a customer, featuring

9-carat rose and white gold. Bezel-set with one round

green emerald paired with black and white diamonds.

FAVOURITE GEMSTONE Green emerald.

FAVOURITE METAL 18-carat yellow gold.

FAVOURITE TOOL Ring clamp.

BEST NEW TOOL DISCOVERY Laser welder.

BEST PART OF THE JOB Working on and seeing

many styles of jewellery that each have their own story.

WORST PART OF THE JOB Missing gemstones.

BEST TIP FROM A JEWELLER Clean your jewellery.

BEST TIP TO A JEWELLER Take care of your hands

and your back.

BIGGEST HEALTH CONCERN ON THE BENCH:

Dust inhalation.

LOVE JEWELLERY BECAUSE It is an incredible

combination of structure and art and you create

something meaningful for someone who will

enjoy it forever.

48 | June 2025


June 2025 | 49


OPINION

Soapbox

Good fortunes: The living spirit

of the Australian opal industry

There’s an opportunity not to be missed! MAXINE O’BRIEN encourages

you to voyage into the outback and witness the opal trade with your own eyes.

Australia has long been described

as ‘the lucky country’, a phrase that

originated in irony and critique that

has since been adopted as a point of

national pride.

While that moniker was initially used to

criticise the country’s reliance on natural

advantages rather than innovation, the

phrase has since been embraced to

celebrate the things that set this vast

and sunburnt land apart.

Nowhere is this more evident than in

the opal industry, a vibrant and uniquely

Australian trade that captures the

essence of what it means to live in ‘the

lucky country'. It’s a privilege to be a part

of this remarkable gemstone industry, a

space defined not only by the captivating

natural beauty of Australia’s national

gemstone, but by the character and

camaraderie of the people who keep the

wheels turning.

The opal industry is comprised of an

extraordinary tapestry of individuals

from all walks of life and corners of

the globe. It is founded on dreams, grit,

and determination that define many of

Australia’s iconic trades.

What sets the opal industry apart,

however, is the sheer individuality of

its people. The vast majority are selfemployed

small business owners – be

they miners, cutters, traders, or jewellers

– and it’s this entrepreneurial spirit that

gives the industry its distinctive nature.

There’s a unique form of generosity that

runs deep within the opal community.

An impressive variety of skills and

expertise accompany the ‘can-do’

attitudes that thrive.

These range from geology and

gemmology to gemstone-cutting and

expertise in jewellery design and retail.

What binds everyone together is a

shared resilience – a collective ability to

face the inherent risks of the trade with

good humour, adaptability, and support

for one another.

Among the many stories of perseverance

and ingenuity in the opal trade, the

contributions of women stand out as

especially inspiring.

A friend once told me of growing up in a

society bound by traditional gender roles.

When she moved to Lightning Ridge with

her husband, she was astonished and

delighted to discover that, on the opal

fields, there were far fewer constraints.

Here, she found the freedom to start

and run her own business, which she

has successfully operated for more

than four decades.

Her story is important, but it is not

unique, as women have long played a

pivotal role in this industry, not just as

‘assistants’ but as business owners

and leaders.

The nature of the trade, with its

unpredictable income streams and

frontier spirit, necessitated that everyone

pitch in. What emerged was a space

where women were empowered to carve

out their paths, often more easily than in

the broader workforce of the time.

Today, they continue to punch well above

their weight, helping to shape the future

of this iconic Australian industry.

Beyond its people, the opal industry also

possesses a rich sense of community

and fun. This was never more apparent to

me than during the 2024 Australian Opal

Tour, which I had the honour of organising

on behalf of the Australian Opal Centre.

It was an unforgettable journey, bringing

together passionate enthusiasts from

around the world to experience the magic

of the opal fields firsthand.

Our adventure took us from the famed

black opal fields of Lightning Ridge – a

town like no other, known for its deep

shafts, friendly larrikins, and outback

charm – to the sun-bleached landscape

of White Cliffs, where underground

homes keep locals cool in the searing

heat and ghostly opalised fossils hint at

prehistoric worlds.

In Queensland, we visited Winton,

where boulder opals are secured from

the rugged earth. These areas offer

a more remote and wild experience,

featuring ancient mesas, dinosaur

bones, and an open sky that stretches

endlessly in all directions.

There’s a

unique form

of generosity

that runs deep

within the opal

community.

An impressive

variety of skills

and expertise

accompany

the ‘can-do’

attitudes that

thrive.

Winton, in particular, is rich in history

– both geological and human – and the

community there welcomed us with

warmth and pride.

From there, we flew by light aircraft

– refuelling in Birdsville, a legendary

outpost in its own right – before arriving

at Coober Pedy in South Australia,

perhaps the most iconic opal town of

them all.

Famous for its opalised sea creatures and

moonlike terrain, Coober Pedy is a place

of extremes: temperature, landscape,

and personality. Much of the town is built

underground to escape the desert heat,

and its culture is as rich and layered as

the opal seams beneath the surface.

Throughout the tour, the kindness and

generosity of the people we met were

extraordinary. Miners opened their

claims to us, cutters shared their hardearned

skills, and retailers told their

stories with heartfelt honesty. It made

me incredibly proud to see this industry

– my industry – represented with such

passion and integrity.

The feedback we received was

overwhelmingly positive. Many of our

guests have stayed in touch, forming

bonds that will last a lifetime.

From a personal perspective, it was also

a chance to reconnect with old friends

and colleagues from across the country

– mates I’ve worked alongside for more

than 30 years, each with their tales of

adventure, risk, and reward.

Australia truly is the lucky country, not

just because of the riches hidden in its

red earth, but because of the people who

bring those treasures to life.

The opal industry is more than an

economic driver – it’s a living, breathing

example of what makes Australia

extraordinary: its spirit, its diversity, and

its deep connection to the land and

one another.

Name: Maxine O’Brien

Business: Australian Opal Centre

Position: Coordinator

Location: New South Wales, Australia

Years in the industry: 33

50 | June 2025


THE JEWELLERY INSURANCE SPECIALIST

4 DAYS

FREE COVER

Partner with us today

Our Mission.

Offer the best product & service, and

implement seamless solutions for

jewellery insurance.

Our Solutions.

Implementing frictionless deployment

of jewellery insurance with technology

led innovation and solutions.

Your Success.

Fast, efficient and easy to use.

Build your customer loyalty and

additional revenue.

CENTRESTONE BENEFITS

WORLDWIDE COVER

ANYWHERE, ANYTIME

YOUR CLIENTS’ CLAIMS

COME BACK TO YOU

INSTANT COVER,

NO WAITING PERIODS

UP TO 150% COVER OF THE

INSURED AMOUNT

AGREED VALUE AND LIKE-

FOR-LIKE REPLACEMENT

NO EXCESS ON ALL CLAIMS

COVER FOR ACCIDENTAL

DAMAGE, LOSS &THEFT

ANNUAL REVALUATIONS TO

MATCH REPLACEMENT COST

Centrestone Jewellery Insurance

Lvl 28, 88 Phillip Street, Sydney 2000 NSW

Info@centrestone.com.au • www.centrestone.com.au

JOIN AS A PARTNER JEWELLER

CALL NOW

1300 356 680

June 2025 | 51


At Sapphire Dreams, we honour the journey from mine to masterpiece - offering ethically sourced, certified

Australian sapphires that are as compelling in their beauty as they are in their integrity. Each piece of

jewellery is crafted to showcase the remarkable spectrum of Australian sapphire colour - from ocean blues to

vivid teals and rare Parti stones - appealing to today’s ethically minded and design-conscious consumer.

As a wholesale partner, you will receive support from our full team! With a suite of sales assets, from model

photography to product videos, advertising and marketing support, Sapphire Dreams makes it seamless for

you to present high-quality, ethical luxury to your clientele.

02 9290 2199

pink@samsgroup.com.au

52 | June 2025

SapphireDreams.com.au

Become a stockist today!

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!