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MARKET
WATCH - August 1, 2006 |
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DiamondScan:
Availability & Price Indicator |
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Gold:
Whole World Will Use Less Gold Jewellery |
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FUSION FIRES THE NEW INDIAN
JEWELLERY
Together
with China, India’s jewellery consuming market
is one of the fastest-growing in the world and is
increasingly influenced and driven by global fashion
trends. But the Indian jewellery wearer has also
remained firmly connected to tradition. For the
designer catering to this market, the trick is to
strike the right balance between the old and the
new.
read more
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INDIA’S
COMBINATION KEY
For a few thousand
years, there wasn’t any need to do anything
at all. The Indian jewellery market was a safe haven
of tradition and design that never changed. Economic
liberalisation, the deep impact of satellite television
and an effective De Beers consumer campaign quite
suddenly changed all that, and retailers and manufacturers
scrambled to cater to it.
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BRANDWATCH:
Minawala’s Masnavi Collection
Minawala Jewellers
launched its latest range, the Masnavi Collection,
which combines jewellery techniques with the spiritualism
of the Sufis. The collection of earrings and bangles
reflects a distinct Persian influence that highlights
the romantic and the subtle power of femininity.
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DTC
NEWS: De Beers Takes Rescue Action
De Beers’ Supplier
of Choice (SOC) initiative has not worked in prodding
demand and thus adding value to the world’s
diamond production and high rough diamond prices
have eroded manufacturing margins to near vanishing.
De Beers has taken corrective action to restore
the health of the manufacturing sector.
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TECHNOLOGY:
Beryllium Treatment Works Magic With Sapphires
A new treatment has
completely changed the global sapphire market. No
longer is the padparadscha orange a rarity –
the beryllium diffusion treatment can produce them
on demand. What’s more, scientists report
that unless there are some characteristic inclusions,
the new treatment is very hard to detect…
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TRADE
FAIRS: Survey Reflects Satisfaction with IIJS 2006
A majority of visitors
and exhibitors expressed satisfaction with IIJS
2006, held
May 3-7, in Mumbai. This was reflected in the findings
of a survey commissioned by The Gem & Jewellery
Export Promotion Council, the organisers of the
show.
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IN
FOCUS: ICA World Mining Report
The International Colored
Gemstone Association (ICA) recently produced a comprehensive
report of known gemstones reserves and mining all
around the world. The report indicates the state
of production in many parts as well as opportunities
that exist for international gemstone manufacturers.
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JCK
DIARY: Colour Makes a Bold Statement at Las Vegas
The 2006 JCK Las Vegas show featured a variety of
design offerings from around the world. While high
gold prices and the need to preserve price points
may have been among the motivations to move towards
a greater use of coloured gemstones, there is nothing
‘defensive’ about what most manufacturers
had on show. Full, rich looks dazzling with colour
were the order of the day, though simple elegance
too featured strongly among the offerings.
read
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SPECIAL
REPORT: World Diamond Congress
The 32nd World Diamond
Congress, which was held in Tel Aviv from June 25th
to 29th, was the setting for several important developments
in the global diamond industry. De Beers announced
that it would be shifting its global headquarters
and sorting operations for Diamdel from Antwerp
to Israel. Among key concerns were consumer confidence
and synthetics.
read
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SPOTLIGHT:
Jewellery Hallmarking In India
Most Indian retailers
are reluctant to submit to a government-administered
national hallmarking system. Most Indian consumers
have no way of knowing whether the jewellery they
buy is actually of the claimed karatage. Indian
export jewellery is mandatorily checked at destinations.
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India
Diary
Israel Diary
US Diary
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more >> |
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