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.
The 2008 edition of the January Vicenza jewellery fair served as the platform to showcase two interesing perspectives on how the jewellery industry should tackle an uncertain future. A fundamental issue for some time now has been what to develop as the emotional hook jewellery needs to reach out to consumers who are no longer enamoured of the idea of intrinsic value and are therefore not motivated enough to buy jewellery.
A Vicenza Fair-sponsored international jewellery design competition titled ‘Contemporary Italian Jewellery: techniques and materials through art and design’, highlighted the idea of design and its relevance to contemporary aesthetics as the means to developing that special something to appeal to the consumer. Alba Cappellieri, professor of jewellery design at the Milan Polytechnic faculty of design, who curated a show of shortlisted competition designs made the point that the relevance of design was what gave jewellery that special appeal. The intrinsic value of the material used, though of significance, wasn’t necessarily paramount.
Staying relevant matters because through relevance, a design echoes many ideas and themes that are dear to a person. A piece of jewellery might resonate with the wearer’s strongly held beliefs about ecology, fair trade or anything else besides also making a personal style statement. There is a good case to say that relevant contemporary design could provide that something extra needed to entice the consumer away from the other luxury products crowding the marketplace today.
But while all of this might be clearly the way forward, there is also a need for an immediate fix. A global industry still hugely dependent on the allure of gold needs something to keep it going in the interim. There were again some interesting solutions that came up with the Italian edition of the World Gold Council (WGC) ‘Gold Expressions’ worldwide jewellery design initiative. Daniela Invernizzi, the WGC’s Italian representative, explained how technology had been used by the Italian jewellery industry in the form of new, lightweight alloys and surface texturing systems along with the creative use of hollow tube chains and large design motifs with large amounts of open spaces in them to present bold fashion statements that nevertheless catered to the economic realities of the marketplace. Chains and fringes were in vogue now because they were more flexible and open to tweaking in design, according to her.
Invernizzi thinks also that given the fluid economic situation, there was added assurance in fabricating jewellery from gold rather than any other material. “Gold,” she said, “safeguards the consumer more than say steel in that it will appreciate the value of the piece.” She adds that the majority of Italian manufactured jewellery was unbranded and so intrinsic value does have a substantial role to play. In addition to all this, she thinks jewellery today can’t be just sold and then forgotten. Today, service is an extremely important element in the distribution and sales of jewellery. Service starts with the extras the manufacturer might provide the distributor or retailer in terms of tweaking designs for specific clients, shortening delivery times for special occasions, etc., and goes on to what the retailer provides the consumer in terms of standing behind the product for repairs or cleaning and many other variations that might also include trade-ins.
Apart from sheer economics though, Invernizzi says gold also has an emotional appeal in that most women responded to a survey by saying, “gold makes me feel good”. She goes on to say, “Every woman has a piece of jewellery that is dear to her – maybe something her mother used to own or gave her – and an iPod doesn’t have that sort of appeal.
Invernizzi: Service is important today.
Vicenza Makeover
The Vicenza show is, in a way, a great forum for jewellers to test the waters with their ideas on how to address this fundamental issue. In fact, the show has undergone a complete reorganisation and has renamed itself to present the look of an international forum where such issues might be tackled in a practical manner. The makeover has the show moving away from being just the apex show of the Italian industry and repositioning itself as the year’s trend-setter for the global jewellery industry. The show’s new name, First, is in keeping with this ideal. According to a show management statement, the show has evolved from “a generalist trade fair to protagonist in a sector – luxury and lifestyle – with strong leadership ambitions.”
With 67,000 square metres of exhibition space and 1,662 exhibitors from Italy and 30 other countries, the show is indeed something of a sampler for the year. And the global industry had its eyes on the 2008 edition to see if any of the ideas tested here would work.
And ideas there were in plenty. The most opted-for route was the substantially increased use of coloured gemstones. This adds a great deal of colour and has the beneficial effect of reducing gold content as well. In keeping with the spirit of maintaining emphatic style statements, the gemstones used tended to be large and in a wide variety of colours. Diamonds tended to be used more as accents (see trend report for details, page 64).
Feedback from exhibitors indicates that business has evolved now to consist mainly of much smaller orders of specific designs with a high degree of service to the customer -- from tweaking designs at manufacturing to prompt back-up and support in case of consumer complaints. Customers also seemed to prefer suppliers who had a representative presence in their particular markets.
Italy’s Five New Jewellery Trade Fairs
The Vicenza Fair has split its unified brand into four separate brands, each with a specific positioning and focus of its own. The calendar year is kicked off by First, which ran this year between January 13 and 20. First is intended as the global trendsetter for the year with new designs getting their first international outing. While it has a brand of its own, T-Gold, the jewellery technology show, runs concurrently with First. Charm, which will run this year from May 17 to 21, is intended as the link between the jewellery industry and the world of fashion as designers bring out new summer styles. Choice, set to run this year from September 6 to 10, is intended to kick off the Christmas buying season.
Along with rebranding the Vicenza fair, the Italian jewellery industry has also launched a fifth, exclusive high end couture show called About J, that is slated to run in Milan from March 2 t o 4. This show is intended to showcase the very finest in Italian jewellery and fashion design and is by invitation only.
JJS Ends on a High Note
Promotion helps double emerald sales
The fifth edition of the Jaipur Jewellery Show (JJS) 2007, held between December 22-25, concluded on a successful note by attracting 30,000 visitors at the business-to-business and business-to-consumer fair. Ninety per cent of the 350 participants were repeat exhibitors.
The show was inaugurated by chief guest CIBJO president Dr. Gaetano Cavalieri, who began his address by paying rich tributes to the late Rashmikant Durlabhji, the architect of the JJS and Jaipur’s coloured stone industry. “I remember him not only as a big asset for the industry but [also for] his humanity, his great vision and guidance.”
Dr. Gaetano Cavalieri being greeted by JJS convenor Vimalchand Surana.
Lauding the efforts of the show organizers, guest of honour Vasant Mehta, vice president of the GJEPC said, “The show has gained tremendous importance in a short period of time, and in the coloured gemstone segment, the JJS is a bigger show than the IIJS.”
Since December 2006, the JJS has been aggressively promoting emerald and the efforts have yielded good results. According to the show’s secretary Rajeev Jain, “The once sluggish emerald business has got a fillip, and although no official figures are available, it is estimated that the sales growth has doubled in a year.”
JJS’s sixth edition (Dec 2008) will promote tanzanite for the next two years. Sarah Cort, managing director of the Tanzanite Foundation, a non-profit organization which promotes tanzanite, said that nearly 80 per cent of the tanzanite produced in Tanzanite One mine is cut and polished in Jaipur. “Six of its eight tanzanite sightholders are from Jaipur,” Cort said, “We are happy to collaborate with the JJS to build and grow the demand for tanzanite in the Indian market, which has huge potential.” The foundation also announced a tie up with the International Gemological Institute to grade tanzanite based on the Tanzanite Foundation’s scale of 4 Cs -- colour, cut, clarity and carat.
The JJS announced an aid of Rs.31 lakhs ($78,914) towards the development of an R&D centre in the upcoming Indian Institute of Gems and Jewellery branch at Jaipur. The wing will be dedicated to the late Rashmikant Durlabhji.
More Space for Jewellery at Baselworld
Extra room caters to differentiation and branding needs
The Baselworld watch and jewellery trade show has made changes reflecting the increasing importance of the jewellery sector. Scheduled to run from April 3rd to the 10th, Baselworld 2008, the show’s 36th edition, features a luxury redesign of the jewellery section that provides much needed extra space apart from upgrading the display area. In Building 3, the newly refurbished “Hall of Impressions” creates an additional 8,500 square metres of floor space while the exhibition stand and new decorative scheme are designed to attract greater attention.
The jewellery exhibitors in Building 2 will also have more space per exhibitor in the “Hall of Visions” and “Hall of Feelings”. This, according to show management, will ensure that the jewellery section at Baselworld 2008 reflects the diversity within the international market. Show director Sylvie Ritter noted that while Baselworld is a well-known showcase for over 95 per cent of the Swiss watch-making industry, the jewellery sector – across the entire price spectrum – has continued to gain importance at the show and the show’s new emphasis on jewellery reflects this.
Just like the watch brands, a show management release said, it is becoming more important for jewellery makers to differentiate themselves and showcase their products in a manner that reflects their status as influential brands with a unique identity. This branding activity requires more space and that is exactly what the new expansions provide.
Show management reported that 2,100 exhibitors would display at this year’s show with 160,000 square metres of exhibition space. An estimated 100,000 visitors from the specialist retail and wholesale trade, as well as 2,700 from the media would be in attendance, making Baselworld the world’s largest event for the watch and jewellery industry.
More than anything else, Baselworld is seen as the jewellery design trendsetter for the year and this year too, all eyes are on the show to see what lies ahead for the global jewellery industry in 2008.