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MARKET WATCH - Updated fortnightly |
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DiamondScan: Availability & Price Indicator |
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Gold: Gold Will Go Into Four Figures This Year |
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ONE GRAM GOLD – THE NEW PHENOMENON
Spawned by high gold prices a decade ago, one-gram-gold jewellery has struck the perfect balance between delivering a luxury look and an affordable price. It is the new phenomenon in the Indian market, now bought by even those who buy high-end jewellery. Shanoo Bijlani and Vivek Mehta report on the jewellery that delivers more by using less gold.
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PRODUCT THAT IMPROVES JEWELLERY’S SURVIVAL SKILLS
Luxury is not what it used to be. It is now clearly defined as the satisfying of some aspirational needs within the consumer and no longer simply products or services in a price band affordable only by a few. Almost any product or service can be ramped up into a luxury slot today.
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BRAND WATCH: Pear-shaped Rings
The 18-karat white gold pear-shaped diamond ring with wings costing Rs.50,000 ($1,270) introduced by Scintillating Jewellery is studded with brilliant cut 1.426 carats of diamonds, and coloured stones.
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TRADE FAIRS: Vicenza Show Features Ideas To Add Appeal To Jewellery – Different ways to give the consumer something iPods can’t
Renamed ‘First’, the Vicenza show tests the waters with initiatives aimed at recovering some of the ground lost to other luxury and feature-filled consumer electronics. It also addressed the problem of selling gold jewellery in a time of soaring gold prices and economic uncertainty. Vinod Kuriyan reports.
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NEWSMAKERS: Gold for Solitaire
Solitaire International was awarded the Gold Award in the Business Magazines category at the 47th Annual Awards of the Association of Business Communicators of India.
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WIRETAP: Online Jewellery’s Coming Crisis – The Danger Of An Internet Brownout By 2010
Although it may be difficult to perceive now, the internet is starting to slow down according to a new study. In fact, matters are getting to the point where unless tens of billions of dollars are invested by the service providers over the next few years to build up additional data capacity, the businesses that rely on the internet for their survival may soon suffer the consequences of ‘brownouts’ as clogged networks cause connections to grind to a halt. Regan Luis looks at the situation that could threaten jewellery’s fastest-growing sales channel.
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VICENZA TRENDS: Style Trends From Vicenza Show
This year’s January Vicenza jewellery show portrayed an exciting, innovative and wide range of precious jewellery designs, in the backdrop of a very challenging world jewellery market. A range of innovation that very much reflected and responded to some of the crucial challenges ahead, including escalating gold and platinum prices, the uncertain diamond market, and the need for increasing brand differentiation.
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IN FOCUS 1: India Reacts To SOC-2
The announcement of the new De Beers client list has triggered dismay in the Indian diamond market, not so much because of any individual companies that were dropped as much as the fact that it will choke off a huge amount of raw material supplies to the country in general. The Indian diamond cutting and polishing industry employs upwards of 700,000 people and any raw material shortages will result in massive lay-offs. Vinod Kuriyan reports.
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IN FOCUS 2: Brands Bring Assurance, Add Value to Coloured Gemstones
It is relatively new phenomenon in India, but branded coloured gemstone jewellery is beginning to catch on. It gives the consumer an assurance that has been lacking all this time and this confidence-building platform is also helping in differentiating the product, reports Shanoo Bijlani.
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MINING: Argyle Underground Project On Track For 2010 Operation
Mining major Rio Tinto has been reassuring its mainly Indian clients that Australia’s Argyle mine will not be closed down and that it is being taken underground at a pace to enable operations to begin in two years. Vinod Kuriyan reports.
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BULLETIN: India Puts Off Gold Hallmarking
Strong opposition from the jewellery trade halts government plan to make hallmarking mandatory by January 1.
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