25.06.2019 Views

Jeweller - July 2019

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

VOICE OF THE AUSTRALIAN JEWELLERY INDUSTRY<br />

JULY <strong>2019</strong><br />

Classic rock<br />

A CLOSER LOOK AT THE<br />

WHITE DIAMOND CATEGORY<br />

Love struck<br />

+ +<br />

THE TRENDS SHAKING UP<br />

ENGAGEMENT AND BRIDAL JEWELLERY<br />

Time zone<br />

THE LATEST AND GREATEST WATCH<br />

MODELS FOR THE NEW SEASON


Colour is our Passion.<br />

Visit our website or call our Melbourne office for details:<br />

Room 405, 4th Floor, Wales Building, 227 Collins Street, Melbourne VIC 3000<br />

Ph: +61 (0) 3 9654 5200 / Interstate Orders 1300 843 141 E: sales@oagems.com www.oagems.com


WORLD SHINER PTY. LTD.<br />

www.worldshiner.com<br />

Sydney Brisbane London<br />

New Zealand<br />

Melbourne<br />

Tokyo Mumbai Florence Stuttgart Chicago


conferences<br />

Designed to inspire,<br />

motivate, educate and<br />

build relationships.<br />

The lessons learned<br />

from our expert team<br />

and fellow members<br />

are some of the<br />

greatest benefits you<br />

can receive.<br />

stock<br />

ranging /<br />

merchandising<br />

Access to our<br />

best selling stock<br />

analysis reports plus<br />

defined category<br />

management, purchase<br />

& replenishment<br />

planning information.<br />

management<br />

training<br />

Business Mentoring,<br />

KPI Benchmarking &<br />

Business Analysis &<br />

Store Consultancy as<br />

well as extensive tailored<br />

management training<br />

programs & special HR<br />

/ Policies & Procedures<br />

packages available to<br />

every member.<br />

marketing<br />

Choose and pay for<br />

the marketing that<br />

you want to suit your<br />

business. Your choice of<br />

Catalogues, Brochures,<br />

Instore, Customer<br />

Loyalty, Direct Marketing<br />

and more.<br />

staff<br />

training<br />

Comprehensive industry<br />

specific staff training at<br />

an individual store level<br />

which is also accessible<br />

24/7 via our exclusive<br />

member extranet.<br />

online<br />

solutions<br />

Access a suite of<br />

extremely cost effective<br />

online solutions to<br />

keep your store ahead<br />

of the game. Including<br />

a highly sophisticated<br />

Direct Marketing / Loyalty<br />

Program, Social Media<br />

platform, Ecommerce<br />

gateway & more.<br />

DREAM BIG<br />

RETAIN YOUR NAME & YOUR INDEPENDENCE!<br />

We offer the most extensive retail support in the industry,<br />

with a young & dynamic head office team, with over<br />

50 years combined <strong>Jeweller</strong>y industry experience.<br />

You’ve worked hard to build your own brand in your<br />

community - Join our family of like minded <strong>Jeweller</strong>y<br />

Specialists, keep your independence & experience our<br />

dynamic group today!<br />

- We Specialise in HANDS ON Retail Assistance<br />

- Ask us about our Staff Training Programs<br />

- Enjoy the Best Prices in the Industry<br />

- Is your Current Buying Group offering you the<br />

One on One assistance that you Deserve?<br />

Leading Edge Group - one of Australia’s largest & most cost effective buying<br />

groups. No cost to join & everything to gain!<br />

championing independent retailers<br />

Find out more. Talk to Charles Nord, Retail Operations Manager<br />

building valuable business communities<br />

P 02 8732 9524 E nordc@leadingedgegroup.com.au<br />

www.leadingedgegroup.com.au


A CLOSER LOOK AT THE<br />

WHITE DIAMOND CATEGORY<br />

VOICE OF THE AUSTRALIAN JEWELLERY INDUSTRY<br />

THE TRENDS SHAKING UP<br />

ENGAGEMENT AND BRIDAL JEWELLERY<br />

JULY <strong>2019</strong><br />

THE LATEST AND GREATEST WATCH<br />

MODELS FOR THE NEW SEASON<br />

CONTENTS<br />

JULY <strong>2019</strong><br />

17/<br />

25/<br />

29/<br />

FEATURES REGULARS BUSINESS<br />

17/ WITH THIS RING<br />

How to get the best out of the<br />

engagement and bridal category<br />

as it continues to evolve.<br />

25/ ICE AGE<br />

Are diamonds really in the rough?<br />

<strong>Jeweller</strong> takes a look at the many<br />

facets of this competitive sector.<br />

29/ TIMED RELEASE<br />

Post-Baselworld, the leading watch<br />

brands debut exciting models for the<br />

new season.<br />

7/ Editorial<br />

8/ Upfront<br />

10/ News<br />

14/ ARA<br />

15/ New Products<br />

33/ Gems<br />

Organic Gems Part IV: ammolite<br />

41/ My Store<br />

42/ 10 Years Ago<br />

43/ Calendar<br />

44/ My Bench<br />

46/ Soapbox<br />

Dennis Coleman levels criticism<br />

at watch brands for their attitude<br />

to repairs and spare parts.<br />

35/ Business feature<br />

Should you use SEO or SEM?<br />

Laura Dawson reviews the<br />

pros and cons.<br />

37/ Selling<br />

Gretchen Gordon explores a very<br />

common trap for sales leaders.<br />

38/ Management<br />

Part one of Doug Fleener’s guide to<br />

achieving goals and beating stress.<br />

39/ Marketing<br />

Companies should put customer<br />

service first, writes Barry Urquhart.<br />

40/ Logged On<br />

Graham Jones explains why short<br />

beats long in content marketing.<br />

Classic rock<br />

Love struck<br />

+ +<br />

Time zone<br />

Front cover description:<br />

Engagements and weddings are<br />

the entry point into a lifetime<br />

of memories and moments<br />

celebrated with jewellery.<br />

<strong>July</strong> <strong>2019</strong> <strong>Jeweller</strong> 5


With a pool of $20,000 and crowning rights to the winner of<br />

each category, who and what piece do you think will win?<br />

The <strong>2019</strong> <strong>Jeweller</strong>y Design Awards has more than $20,000 in cash and prizes on offer with every category being<br />

enthusiastically sponsored by the industry. As anticipation grows, industry suppliers have thrown their support<br />

behind the Awards with a common theme of celebrating creativity, passion, and skill.<br />

AWARD CATEGORIES<br />

• 1st & 2nd Year Apprentice/Student Award SPONSORED BY BRINKS<br />

• 3rd & 4th Year Apprentice/Student Award SPONSORED BY BRINKS • Australian Opal Award SPONSORED BY OPALS AUSTRALIA<br />

• Bridal Award SPONSORED BY REINE JEWELS • CAD/CAM/Cast Award SPONSORED BY CHEMGOLD<br />

• Coloured Gemstone Award SPONSORED BY MARK McASKILL • Diamond Award SPONSORED BY SAMS GROUP AUSTRALIA<br />

• Innovative Timepiece Award SPONSORED BY ADINA • Men’s Accessories & <strong>Jeweller</strong>y SPONSORED BY TBA<br />

• Pearl Award SPONSORED BY IKECHO • Precious Metal Award SPONSORED BY PALLION<br />

INTERNATIONAL<br />

J E W ELLERY & WATCH FAIR<br />

AUGUST 24 > 26, <strong>2019</strong><br />

ICC Sydney I Exhibition Centre I Darling Harbour<br />

Organised by<br />

For further information regarding the awards, including full terms and<br />

conditions, please visit www.jewelleryfair.com.au or give our<br />

team a call on 02 9452 7513


EDITORIAL<br />

PANDORA – THE CHARM BEFORE THE STORM?<br />

Pandora has announced another round of<br />

sackings, and this time the job losses will be at<br />

its Australian distribution centre.<br />

It’s probably no surprise given that only two<br />

months ago, Pandora International’s chief<br />

financial officer, Anders Boyer, said: “The first<br />

quarter was characterised by continued weak<br />

like-for-like [figures], further burdened by our<br />

deliberate commercial reset.”<br />

At the time, he announced that 1,200 Pandora<br />

staff at its Thai manufacturing facility would<br />

lose their jobs – and that came after 700<br />

workers were dismissed in February.<br />

Pandora’s “reset” (otherwise known as costcutting)<br />

includes closing 50 ‘concept stores’<br />

over the next year and, perhaps as a sign of<br />

Pandora’s woes, only eight concept stores<br />

were opened in the first quarter of <strong>2019</strong> –<br />

compared to 39 during that period in 2018.<br />

Hence the announcement from Phil<br />

McNutt – Pandora Australia’s new CEO – on<br />

17 June that the Sydney distribution centre<br />

would be closed in favour of handing over<br />

the company’s important customer service<br />

department to an external operation.<br />

McNutt, who joined Pandora in January, said<br />

the decision came after a six-month review.<br />

He advised independent stockists via email<br />

that the services performed by the in-house<br />

Pandora distribution centre “will be transferred<br />

to alternate suppliers in a phased approach<br />

from now until January next year.”<br />

Pandora International has been undergoing<br />

a massive restructure after a long period of<br />

disappointing financial results. In mid-May<br />

Boyer warned, “I see very significant costsaving<br />

opportunities. If revenues continue to<br />

decline, then you have to revisit the situation.”<br />

At the time Pandora reported worrying results;<br />

global sales fell by six per cent and net profit<br />

fell 31 per cent – from DKK1.15 billion to only<br />

DKK797 million.<br />

It was only a year ago, in June 2018, when<br />

McNutt’s predecessor at the Australian<br />

operation, Mikael Kruse Jensen, announced<br />

the closure of 100 retail accounts. The<br />

company sent emails to the affected stockists<br />

and then immediately attempted to allay the<br />

fears of remaining stockists.<br />

That episode caused a public relations<br />

nightmare, with many retailers telling me that<br />

they were making plans to ‘dump the brand<br />

before they got dumped’.<br />

Kruse Jensen’s email attempted to explain<br />

the reasoning, advising the spared stores: “It<br />

is important to note that this announcement<br />

does not change the nature of our relation<br />

and will have no impact on your account.”<br />

The problem for Pandora was that no-one<br />

believed a word of it!<br />

Now, more than 12 months on, I know<br />

many stores are continuing to move away<br />

from Pandora and their fears will only be<br />

heightened with McNutt’s latest staff sackings.<br />

IN AN<br />

INSENSITIVE<br />

DISPLAY OF<br />

CORPORATE<br />

SPEAK, MCNUTT<br />

REFERRED TO THE<br />

STAFF ABOUT<br />

TO LOSE THEIR<br />

JOBS AS “FAMILY<br />

MEMBERS”; BUT<br />

THAT DIDN’T<br />

MATTER, THEY<br />

WOULD BE<br />

SACKED ANYWAY<br />

I have written in the past that there are<br />

two words that I hear consistently used in<br />

conjunction with Pandora: arrogant and<br />

conceited. Sadly, McNutt’s handling of the<br />

recent “review” of the Australian operation is<br />

not likely to change that opinion.<br />

In an insensitive display of ‘corporate speak’,<br />

McNutt referred to the staff about to lose<br />

their jobs as “family members”; but that didn’t<br />

matter, they would be sacked anyway!<br />

Worse, he said, “The Pandora distribution<br />

centre and its staff have been a critical<br />

and extremely successful member of the<br />

Pandora family and value chain, and we<br />

will be disappointed to see them and their<br />

contribution leave the business.”<br />

I am not sure I have seen a better example<br />

of ‘corporate speak’ and nonsensical jargon<br />

– words and phrases used to avoid being<br />

forthright, or said to make someone believe<br />

something that is not true. Firstly, the staff<br />

are not “leaving” – they are being sacked.<br />

And if they are “critical and extremely<br />

successful” and are part of your “family”,<br />

then why is the centre being closed?<br />

It’s corporate speak gone mad – apparently,<br />

your critical and extremely successful staff<br />

should be sacked! If this is how “family<br />

members” are treated, then one wonders<br />

what Pandora has planned for its remaining<br />

retail “partners”?<br />

Coleby Nicholson<br />

Managing Editor<br />

<strong>July</strong> <strong>2019</strong> <strong>Jeweller</strong> 7


UPFRONT<br />

BULLETIN BOARD<br />

n COSTLY PURCHASE<br />

Recently announced sales figures<br />

from Costco have revealed that one<br />

customer purchased a $400,000<br />

engagement ring from the discountbulk<br />

retailer! The sparkler, purchased<br />

online and picked up at a secure<br />

Costco store locker, is believed to be<br />

a platinum solitaire featuring a round<br />

brilliant 10.3-carat diamond.<br />

n FINE TOON<br />

In other ring news, a Japanese retailer<br />

is now offering Pokémon-themed<br />

engagement and wedding rings! Two<br />

matching sets are available, with each<br />

design based on a different loveable<br />

critter – either Pikachu or Mew. There’s<br />

also a limited edition Pokéball case<br />

available. What better way for fans to<br />

say, ‘I choose you’?<br />

n WATCH OUT!<br />

A pre-owned watch dealer has<br />

revealed what is believed to be the<br />

most convincing fake Rolex of all<br />

time. Watchfinder & Co examined a<br />

replica Rolex Daytona, valued at £1,000<br />

(AU$1,830), which had a steel case<br />

and bracelet, ceramic bezel, locking<br />

mechanism and – crucially – a calibre<br />

seemingly identical to the real thing.<br />

RUBY<br />

JULY BIRTHSTONE:<br />

DID YOU KNOW?<br />

Large rubies are more precious and valuable<br />

than diamonds, so it’s no wonder they were<br />

known as ratnaraj – “the king of jewels” –<br />

in Sanskrit. Prized by royalty throughout<br />

history, their deep red colour naturally<br />

symbolises fire, passion, courage and<br />

energy. In the past, rubies were thought to<br />

increase vitality and wealth, as well as bring<br />

success in love and battle.<br />

DIGITAL<br />

BRAINWAVE<br />

WHO SAID?<br />

“In the last 20 years there has<br />

been far more effort put into<br />

the economic, social and<br />

environmental impacts<br />

associated with our business.”<br />

Turn to page 25 to find out. ><br />

GOING MOBILE<br />

As of <strong>July</strong> 1, Google has announced that mobile-first<br />

indexing will be the default for all new web domains.<br />

This means that when you register a new website,<br />

Google’s bots will scan the page for mobile-friendly<br />

content. Even more important for business owners is<br />

that Google will use mobile-friendly content to index<br />

pages, understand the data on the page, and show snippets of content in users’ search<br />

results. Put simply, the more mobile-friendly content you have, the better your ranking<br />

will be on Google. This change has come about because the majority of Google users<br />

search on their mobile devices. There are plenty of online tools to check if a site is<br />

mobile-friendly – and there’s never been a better time than now to make sure!<br />

TOP PRODUCT<br />

The Bohemia Chain Drop Mini Hoops from<br />

Ania Haie feature delicate draping chains<br />

embellished with cubic zirconia. These<br />

earrings are the perfect addition to any<br />

bohemian-inspired wardrobe. Available in<br />

925 sterling silver with rhodium plating or<br />

925 sterling silver with 14-carat gold plating.<br />

Distributed by Duraflex Group Australia.<br />

VOICE OF THE AUSTRALIAN<br />

JEWELLERY INDUSTRY<br />

jewellermagazine.com<br />

Publisher & Editor<br />

Coleby Nicholson<br />

Associate Publisher<br />

Angela Han<br />

angela.han@gunnamattamedia.com<br />

Journalist<br />

Arabella Roden<br />

arabella.roden@jewellermagazine.com<br />

Production Manager<br />

& Graphic Design<br />

Jo De Bono<br />

art@gunnamattamedia.com<br />

Accounts<br />

Paul Blewitt<br />

finance@gunnamattamedia.com<br />

Subscriptions<br />

info@jewellermagazine.com<br />

<strong>Jeweller</strong> is published by:<br />

Gunnamatta Media Pty Ltd<br />

Locked Bag 26, South Melbourne,<br />

VIC 3205 AUSTRALIA<br />

ABN 64 930 790 434<br />

Phone: +61 3 9696 7200<br />

Fax: +61 3 9696 8313<br />

info@gunnamattamedia.com<br />

Copyright: All material appearing<br />

in <strong>Jeweller</strong> is subject to copyright.<br />

Reproduction in whole or in part is<br />

strictly forbidden without prior written<br />

consent of the publisher.<br />

Gunnamatta Media Pty Ltd strives to<br />

report accurately and fairly and it is<br />

our policy to correct significant errors<br />

of fact and misleading statements in<br />

the next available issue. All statements<br />

made, although based on information<br />

believed to be reliable and accurate at<br />

the time, cannot be guaranteed and<br />

no fault or liability can be accepted<br />

for error or omission. Any comment<br />

relating to subjective opinions should<br />

be addressed to the editor.<br />

Advertising: The publisher reserves<br />

the right to omit or alter any<br />

advertisement to comply with<br />

Australian law and the advertiser<br />

agrees to indemnify the publisher for<br />

all damages or liabilities arising from<br />

the published material.<br />

8 <strong>Jeweller</strong> <strong>July</strong> <strong>2019</strong>


S


NEWS<br />

NEWS<br />

Football star wins $70K from Bensimon<br />

A business associated with Ron Bensimon,<br />

also known as Ronnie Ben-Simon, is facing<br />

legal complications over a missing diamond<br />

belonging to AFL player Joel Selwood.<br />

Bensimon Online, trading as Bensimon<br />

Bespoke Diamond Atelier, has been ordered<br />

to pay Selwood, the captain of the Geelong<br />

Cats, more than $69,000 after the business<br />

lost his fiancée’s engagement ring.<br />

The company is owned by Ron Bensimon’s<br />

wife, Kate, but promotes him as leading its<br />

diamond sourcing operations.<br />

Selwood, 31, purchased a custom-designed<br />

3.21-carat round brilliant diamond ring,<br />

valued at $66,000, from the company in <strong>July</strong><br />

2018. It was sent back for resizing in October<br />

but was never returned, according to legal<br />

documents. In addition, the promised GIA<br />

Certificate for the centre stone was not<br />

delivered to Selwood.<br />

In a statement, the company claimed the<br />

footballer was fully refunded in February this<br />

year – a claim repeated by Ron Bensimon to<br />

The Age last month.<br />

However, Selwood countered that he had<br />

only received $6,000.<br />

Representatives for Bensimon Online did<br />

not attend the hearing at the Magistrates’<br />

Court of Victoria and a default judgment was<br />

More job losses at Pandora<br />

Following a six-month review, Pandora<br />

Australia has confirmed it will close its inhouse<br />

distribution early next year.<br />

The news came after Pandora International<br />

decided to overhaul its Pacific region<br />

infrastructure, in the wake of the company’s<br />

restructuring following disappointing<br />

financial results.<br />

In an email dated 17 June to Pandora<br />

stockists, Phil McNutt, managing director<br />

Pandora Australia and New Zealand, said,<br />

“The services performed by the PDC<br />

[Pandora distribution centre] will be<br />

transferred to alternate suppliers in a phased<br />

approach from now until January next year.”<br />

“The PDC and its staff have been a critical<br />

JOEL SELWOOD, HIS FIANCEE AND THE MISSING RING<br />

entered against it, upholding an earlier order<br />

for Selwood to be repaid the value of the ring<br />

plus interest and legal costs.<br />

Selwood’s counsel Sarah Galbally, of LOD<br />

Legal, told The Age, “The money owed to<br />

Joel Selwood has not been refunded by<br />

Kate Bensimon or the company. We are still<br />

awaiting Kate Bensimon or her company to<br />

make the payment to meet the orders made<br />

by the court, by way of a judgment debt. The<br />

next step is for enforcement proceedings.”<br />

As reported in <strong>Jeweller</strong>, Ron Bensimon’s<br />

previous business, Bensimon Retail Group<br />

– which included Bensimon Diamonds<br />

within the Crown complex in Melbourne<br />

– was placed into liquidation in 2016<br />

owing $7 million.<br />

Ron and Kate Bensimon later relocated to<br />

Sydney, where she established the onlineonly<br />

Atelier business.<br />

and extremely successful member of<br />

the Pandora family and value chain, and<br />

we will be disappointed to see them and<br />

their contribution leave the business,”<br />

he added.<br />

“The PDC staff are currently working through<br />

the proposed changes with HR over the next<br />

short period.”<br />

<strong>Jeweller</strong> attempted to clarify with McNutt<br />

the exact number of job losses and whether<br />

the decision would mean that, in the future,<br />

Pandora stockists would have to deal<br />

directly with the outsourced distribution<br />

company on returns, faults and repairs.<br />

At the time of publication he had not<br />

provided answers.<br />

PANDORA IS<br />

CLOSING ITS LOCAL<br />

DISTRIBUTION<br />

CENTRE<br />

Prizes announced<br />

for <strong>Jeweller</strong>y<br />

Design Awards<br />

Organisers Expertise Events have<br />

announced the prize list for this year’s<br />

<strong>Jeweller</strong>y Design Awards (JDA), which<br />

will take place on August 25 as part of<br />

the International <strong>Jeweller</strong>y and Watch<br />

Fair (IJWF) in Sydney.<br />

Winners will share in more than $20,000<br />

in prize money and category-specific<br />

prizes, with each award sponsored by<br />

the industry.<br />

Joshua Zarb, general manager Expertise<br />

Events, said, “We are so grateful for<br />

the generosity from our sponsors to<br />

give something back to designers to<br />

recognise all the hard work that they<br />

have put into their submissions.”<br />

This year sees the Supreme and Fair<br />

Visitor Choice categories replaced by the<br />

Innovative Timepiece Award.<br />

“This is an area that is still a large part<br />

of the overall jewellery industry and we<br />

are looking forward to seeing advances<br />

in both design and technology in this<br />

space,” Zarb explained.<br />

Categories and sponsors:<br />

• 1st & 2nd year Apprentice/Student<br />

Sponsored by Brinks<br />

• 3rd & 4th year Apprentice/Student<br />

Sponsored by Brinks<br />

• Australian Opal Award<br />

Sponsored by Opals Australia<br />

• Bridal Award<br />

Sponsored by Reine Jewels<br />

• CAD/CAM/Cast Award<br />

Sponsored by Chemgold<br />

• Coloured Gemstone Award<br />

Sponsored by Mark McAskill<br />

• Diamond Award<br />

Sponsored by SAMS Group Australia<br />

• Men’s Accessories & <strong>Jeweller</strong>y<br />

Sponsored by Peter W Beck<br />

• Pearl Award<br />

Sponsored by Ikecho<br />

• Precious Metal Award<br />

Sponsored by Pallion<br />

• Innovative Timepiece Award<br />

Sponsored by Adina<br />

10 <strong>Jeweller</strong> <strong>July</strong> <strong>2019</strong>


NEWS<br />

A new celebrity face for Thomas Sabo<br />

Duraflex Group Australia (DGA) has<br />

announced that British pop star Rita Ora<br />

will be the new face of Thomas Sabo<br />

jewellery and watches.<br />

The singer – who is also an actress, model<br />

and TV presenter – follows in the footsteps<br />

of previous brand ambassadors Katy<br />

Perry, Poppy Delevingne and Georgia<br />

May Jagger.<br />

“Rita is the perfect face and association for<br />

the brand with a broad target audience<br />

that completely aligns with Thomas Sabo,”<br />

Phil Edwards, managing director DGA, said.<br />

“Rita will be pictured in all upcoming<br />

marketing material and, in particular, all<br />

in-store signage options,” he added.<br />

The two-year partnership officially began<br />

on <strong>July</strong> 1, with Ora making her debut as<br />

the face of Thomas Sabo in the autumn/<br />

winter <strong>2019</strong> collection.<br />

As part of the marketing package, Ora<br />

has begun promoting Thomas Sabo<br />

through social media with the hashtag<br />

#RITAORAxTS. Ora – who has 15 million<br />

Instagram followers – first announced the<br />

partnership by thanking the company for<br />

providing her with custom-made jewellery<br />

at the end of May.<br />

So far, Ora has worn the Thomas Sabo<br />

Black Cat ring from the Rebel At Heart<br />

collection, star-themed earrings inspired<br />

by the Kingdom of Dreams collection, and<br />

a selection of silver chains.<br />

“In addition to the social media<br />

communication that will involve Rita,<br />

it will be exciting to launch the new<br />

season product with a fresh new face and<br />

approach at the store level – in particular<br />

with direct visuals to connect with<br />

consumers,” Edwards said.<br />

Opalised dinosaurs thrill scientists<br />

A group of more than 60 fossils from<br />

the Sheepyard opal field near Lightning<br />

Ridge have been found to belong to a<br />

new species of dinosaur. Among them is<br />

also the world’s most complete opalised<br />

dinosaur skeleton.<br />

The fossils – which are mostly made up of<br />

grey potch opal – were unearthed in the<br />

1980s by miner Bob Foster, but have only<br />

recently undergone a full examination by<br />

palaeontologists after being donated to the<br />

Australian Opal Centre.<br />

Dr Phil Bell, lead researcher from the<br />

University of New England, Armidale,<br />

said, “We initially assumed it was a single<br />

skeleton, but when I started looking at<br />

some of the bones, I realised that we had<br />

four scapulae [shoulder blades] all from<br />

different sized animals.”<br />

It’s believed the dinosaurs belonged to<br />

a herd or family group. The species has<br />

been named Fostoria dhimbangunmal,<br />

referencing Foster and the words for ‘sheep’<br />

RITA ORA IS NOW REPRESENTING THOMAS SABO<br />

ONE OF THE OPALISED FOSSILS. PHOTO: ROBERT A.<br />

SMITH, COURTESY AUSTRALIAN OPAL CENTRE<br />

and ‘yard’ in the local Yuwaalaraay and<br />

Yuwaalayaay languages.<br />

It’s the second new dinosaur species to<br />

be discovered in Lightning Ridge in eight<br />

months. An opalised jawbone fossil from<br />

the dog-sized Weewarrasaurus pobeni was<br />

discovered in December last year.<br />

Lightning Ridge is the only known<br />

place where dinosaur bones routinely<br />

turn to opal.<br />

+ MORE BREAKING NEWS<br />

JEWELLERMAGAZINE.COM<br />

IN BRIEF<br />

*<br />

NEW MINERAL DISCOVERED<br />

The International Mineralogical<br />

Association has recognised carmeltazite<br />

as a new mineral. An Israeli mining<br />

company first discovered it earlier this<br />

year near Mount Carmel. Its chemical<br />

composition is similar to corundum,<br />

and includes titanium, aluminium and<br />

zirconium. It can appear dark brown to<br />

dark green and is suitable for jewellery.<br />

*<br />

BRILLIANT BIRTHDAY<br />

The Antwerp World Diamond Centre<br />

celebrated the 100th anniversary of the<br />

brilliant cut last month, marking a century<br />

since local engineer Marcel Tolkowsky<br />

developed it aged just 19. Tolkowsky<br />

discovered how to maximise the amount<br />

of light being refracted through the table<br />

and crown of a diamond by cutting 57<br />

precisely placed facets.<br />

*<br />

POE’S WATCH SOLD<br />

An 18-carat gold key-wound pocket<br />

watch once belonging to writer Edgar<br />

Allan Poe has been sold at auction<br />

for US$250,000. The piece – which is<br />

engraved with his name – was sold as<br />

part of the Christie’s Fine Printed Books<br />

& Manuscripts Including Americana<br />

Auction in New York last month.<br />

*<br />

$3 MILLION DIAMOND THEFT<br />

An employee of Russian diamond<br />

producer Alrosa has been detained by<br />

authorities after being caught trying<br />

to steal a batch of diamonds valued<br />

at AU$340,000 from a sorting and<br />

grading facility last month. A raid of<br />

the employee’s home and that of two<br />

accomplices turned up more than<br />

AU$3 million in stolen diamonds.<br />

*<br />

MARCOS JEWELLERY AUCTIONED<br />

The Philippines government has<br />

authorised an auction of jewellery once<br />

belonging to the family and friends of<br />

dictator Ferdinand Marcos. The collection<br />

– which was valued at US$19 million<br />

(AU$27.8 million) in 2015 – includes a<br />

25-carat diamond and a tiara belonging<br />

to former First Lady Imelda Marcos.<br />

<strong>July</strong> <strong>2019</strong> <strong>Jeweller</strong> 11


NEWS<br />

Swarovski embraces natural diamonds<br />

New GIA certificate<br />

for fancy-colour<br />

diamonds<br />

As part of its push to improve traceability, the<br />

Gemological Institute of America (GIA) has<br />

begun issuing country of origin reports for<br />

natural fancy-colour diamonds.<br />

Previously, Diamond Origin Reports were only<br />

available for colourless diamonds. However,<br />

the organisation has now approved processes<br />

for identifying when a polished stone<br />

matches a rough on file, thereby creating a<br />

record of that diamond’s origin.<br />

“In recent years, there has been a growing<br />

demand for transparency and traceability in<br />

the diamond industry. Consumers want to<br />

know the origin of products and their socioeconomic<br />

and environmental impact,” Susan<br />

Jacques, GIA president and CEO, said.<br />

Three years after launching its synthetic<br />

diamond business, Swarovski has announced<br />

that it will expand into natural diamonds<br />

within the next 12 months.<br />

The announcement was made during the<br />

JCK Las Vegas trade show during a panel<br />

discussion on sustainability.<br />

Nadja Swarovski, head of corporate<br />

communications and design services, said,<br />

“We believe in the natural diamond story and<br />

we want to tell the story of a product that<br />

makes a positive contribution.”<br />

The Austrian company, which was founded<br />

in 1895, is still best known for its signature<br />

glass crystals. It also sells natural gems,<br />

synthetic stones, finished jewellery and<br />

household goods.<br />

The company has recently been promoting<br />

its Atelier Swarovski fine jewellery collection<br />

with Oscar-winning actress Penélope Cruz,<br />

which is made entirely from synthetic<br />

diamonds – which it markets as ‘Swarovski<br />

Created Diamonds’.<br />

During the trade show panel, Nadja Swarovski<br />

reiterated the business’ commitment to being<br />

environmentally and socially conscious,<br />

confirming the natural diamonds would be<br />

“sustainably sourced” and manufactured<br />

rough to polished in Austria. Polished stones<br />

from third-party suppliers will also be used in<br />

future collections.<br />

“The GIA Diamond Origin Report fits<br />

perfectly with GIA’s mission of educating and<br />

protecting the public, and ensuring their trust<br />

in gems and jewellery.”<br />

The process involves analysing, testing and<br />

recording the characteristics of each rough<br />

stone submitted for grading, and then<br />

assigning an identification number.<br />

When a polished stone is returned to the GIA<br />

for grading, the laboratory will see if it has<br />

an identification number matching a rough<br />

stone on file.<br />

If a match is found, the natural fancy-colour<br />

diamond is then put through the same tests<br />

and analysis as the rough was to confirm it’s<br />

the same stone.<br />

“If the data from the polished diamond and<br />

the rough match, GIA will confirm the country<br />

of origin provided by the mining company,<br />

and include that information on the Diamond<br />

Origin Report,” Tom Moses, GIA executive vice<br />

president and chief laboratory and research<br />

officer, said.<br />

Duraflex lands Baume & Mercier<br />

Swiss watch brand Baume & Mercier is now<br />

exclusively distributed by Duraflex Group<br />

Australia (DGA), it has been confirmed.<br />

The partnership came into effect on 1 June.<br />

Phil Edwards, managing director DGA, said:<br />

“The addition of the Baume & Mercier brand<br />

is another important development for the<br />

planned growth of our business.<br />

“The expansion into luxury watches adds<br />

a new tier to our portfolio and we are<br />

excited to be working with a brand of<br />

such high calibre.”<br />

DGA also distributes Swiss brands Luminox<br />

and Mondaine, as well as TW Steel, Jag, Limit,<br />

Police and the Thomas Sabo watch range.<br />

“We are excited to partner with Duraflex<br />

Group,” Romain Lambert, managing director<br />

Baume & Mercier South-East Asia and<br />

Oceania said. “It is clear that there is an<br />

DGA NOW DISTRIBUTES THE SWISS WATCH BRAND<br />

untapped opportunity to develop a stronger<br />

retail network in order to service current and<br />

potential Baume & Mercier customers.”<br />

12 <strong>Jeweller</strong> <strong>July</strong> <strong>2019</strong>


RETAIL<br />

ARA<br />

POLICY AND POLITICS MUST WORK TO HELP RETAILERS<br />

As the retail industry faces economic<br />

headwinds, the Australian Retailers<br />

Association (ARA) believes decisions<br />

from the Fair Work Commission and the<br />

Reserve Bank of Australia (RBA) will have<br />

far-ranging implications for the sector.<br />

Recently the Commission ruled to increase<br />

the national minimum wage by 3 per cent,<br />

to $19.49 per hour, starting from 1 <strong>July</strong>.<br />

It also increased Modern Awards by 3 per<br />

cent including the General Retail Industry<br />

Award, which will rise to $21.41 per hour for<br />

full- and part-time employees, and $26.76<br />

per hour for casuals.<br />

While the rise was in line with expectations,<br />

retailers had hoped for a more modest<br />

increase of 1.8 per cent, which would<br />

have struck a balance between tough<br />

conditions in the sector and the need for<br />

employees to have their wages increase in<br />

line with prices.<br />

As it stands, the increase is more than<br />

double the rate of inflation and also<br />

outpaces GDP growth, which was at 2.3<br />

per cent for the year to December 2018.<br />

However, while the decision will make<br />

it more expensive – and therefore more<br />

difficult – for small businesses to hire extra<br />

staff, it could also boost consumer spending<br />

by putting more money in the pockets of<br />

low-wage earners.<br />

Also easing the squeeze is the RBA’s<br />

decision to cut interest rates by 25 basis<br />

points. This policy will aid struggling<br />

retailers – who are experiencing the<br />

lowest retail sales growth in 50 years – by<br />

increasing consumers’ disposable income,<br />

thereby stimulating spending.<br />

BUSINESS<br />

LEADERS HAVE<br />

CHORUSED<br />

THEIR SUPPORT<br />

FOR MORE<br />

INFRASTRUCTURE<br />

SPENDING AND<br />

REGULATORY<br />

REFORM IN<br />

ORDER TO<br />

CONTINUE THE<br />

COUNTRY’S<br />

UNMATCHED<br />

27-YEAR RUN<br />

OF ECONOMIC<br />

PROSPERITY<br />

Trade figures for April showed an<br />

unexpected deterioration from the March<br />

numbers, leading to widespread conjecture<br />

about the overall health of the $320 billion<br />

retail sector.<br />

In addition to the RBA’s decision,<br />

stimulatory changes – including the<br />

Morrison Government’s proposed tax cuts<br />

– may well filter through in the coming<br />

months, giving the industry a reprieve from<br />

the challenging market conditions.<br />

A TIME FOR ACTION<br />

Indeed, Australia’s soft GDP figures,<br />

released in June, have only added to calls<br />

for government intervention to boost<br />

the economy.<br />

Business leaders have chorused their<br />

support for more infrastructure spending<br />

and regulatory reform in order to continue<br />

the country’s unmatched 27-year run of<br />

economic prosperity.<br />

Following the reforms of the Hawke,<br />

Keating and Howard Governments,<br />

Australia saw major dividends – but the<br />

last 10 years have seen a disappointing<br />

lack of vision and action from both the<br />

major parties.<br />

The politicisation of tax changes and<br />

the Canberra “blame game” have lead to<br />

the country resting on its laurels instead<br />

of adapting and evolving to meet the<br />

challenges of today and tomorrow.<br />

Even worse, Australia’s economic<br />

reputation and prospects have been<br />

damaged overseas.<br />

Rather than accepting slowing global<br />

conditions, it’s now time for state and<br />

federal governments of all political stripes<br />

to pro-actively identify and execute a<br />

bold agenda.<br />

The ARA supports a cut to the company<br />

tax rate to 25 per cent, which would make<br />

businesses more competitive, as well as<br />

re-examining tax compliance structures<br />

for businesses.<br />

GST and PAYE are also overdue for review,<br />

with states needing to align taxation to<br />

give certainty and foster efficiency for<br />

cross-state businesses.<br />

While company tax cuts have been painted<br />

as “handouts to billionaires”, the reality<br />

is that lowering and simplifying taxes,<br />

streamlining regulation and cutting red<br />

tape for businesses – as well as undertaking<br />

major infrastructure projects – would<br />

generate much-needed jobs and boost<br />

the economy.<br />

RUSSELL ZIMMERMAN is<br />

is the executive director<br />

of the Australian Retailers<br />

Association (ARA).<br />

Email: info@retail.org.au<br />

The Australian Retailers Association (ARA) is the largest association representing the country’s<br />

$310 billion retail sector, which employs more than 1.2 million people. Providing expert advice<br />

across multiple disciplines including leasing and wage rates, the ARA’s mission is to ensure<br />

retail success by informing, protecting, advocating, educating and saving money for members.<br />

14 <strong>Jeweller</strong> <strong>July</strong> <strong>2019</strong>


NEW PRODUCTS<br />

NEW PRODUCTS<br />

HERE, JEWELLER HAS COMPILED A SNAPSHOT OF THE LATEST PRODUCTS TO HIT THE MARKET.<br />

COUTURE<br />

KINGDOM<br />

From the brand new Couture Kingdom collection<br />

inspired by The Lion King, in cinemas this month,<br />

come the Simba hoop earrings. The future king<br />

of the Pridelands, as drawn by Rafiki in the film,<br />

suspend delicately on these ultra-modern hoops.<br />

Crafted with a high-shine finish and artistic<br />

enamelling. Visit: couturekingdom.com<br />

DANSK SMYKKEKUNST<br />

Unique, fluid shapes inspired by nature feature in<br />

the new Danish Urban Eve collection from Dansk<br />

Smykkekunst. Necklaces and earrings available in gold,<br />

silver or hematite tones. Visit: timesupply.com.au<br />

+ MORE NEW PRODUCTS<br />

JEWELLERMAGAZINE.COM<br />

GEORGINI<br />

ENGELSRUFER<br />

This beautiful handmade bracelet<br />

is made of rose-plated 925<br />

sterling silver with a rose quartz<br />

stone. With its variable length, it’s<br />

ideal for very narrow wrists and<br />

can be perfectly combined with<br />

other jewellery. Visit: dgau.com.au<br />

IKECHO<br />

These sterling silver hook<br />

earrings feature white 9–10mm<br />

near round freshwater pearls,<br />

combined with a chain tassel<br />

element. A matching necklace is<br />

also available. Visit: ikecho.com.au<br />

The Mosaic collection features an<br />

intricate collage of tiny princess<br />

and baguette stones, delicately<br />

placed to capture every angle<br />

of light for maximum sparkle<br />

and shine! The Mosaic gold ring<br />

is perfect for every occasion.<br />

Crafted in 925 sterling silver and<br />

plated in 18-carat gold. Visit:<br />

westendcollection.com.au<br />

FABULEUX VOUS<br />

PASTICHE<br />

Inspired by the water lily, the Aurelia<br />

Earrings and Necklace are a bold<br />

design with a light filigree finish.<br />

Crafted in stainless steel ion-plated<br />

with yellow gold, these pieces are<br />

from the Night Sky Collection for<br />

winter <strong>2019</strong>. Visit: pastiche.com.au<br />

The new Areeya collection from Fabuleux Vous features beautiful freshwater pearls, in<br />

both natural colours and dyed to make a fashion statement, mixed with crystal and beads<br />

hand threaded onto silk wire with stainless steel findings. Visit: fabuleuxvous.com<br />

<strong>July</strong> <strong>2019</strong> <strong>Jeweller</strong> 15


ENGAGEMENT AND BRIDAL<br />

Love<br />

All for<br />

NEW TRENDS ARE SHAKING<br />

UP THE ENGAGEMENT-RING<br />

SECTOR. ARABELLA RODEN<br />

DISCOVERS HOW JEWELLERS<br />

ARE ADAPTING TO THE<br />

CHANGING TASTES AND<br />

BUDGETS OF CONSUMERS<br />

diamond is forever is one of the most-effective<br />

marketing campaigns of all time. Seven decades<br />

since De Beers launched its 1948 sales pitch, more<br />

than 70 per cent of engagement rings still feature a<br />

classic white diamond.<br />

The trend seems to be turning, however, as more couples opt<br />

for fancy-colour diamonds, unusual gems and fancy shapes in<br />

order to tell their unique love story.<br />

“The bridal market is changing and the bridal consumer is<br />

changing,” Stephen Lussier, chairman of consumer products at<br />

De Beers, recently told JCK.<br />

SAMS Group CEO Steve der Bedrossian, whose company<br />

distributes Pink Kimberley and Blush Pink Diamonds, agrees:<br />

“Couples are looking at different options to style up their<br />

engagement rings,” he says. “Due to social media, clients are<br />

shown far more styles than what they would in a jewellery<br />

store, which influences every detail in a design.”<br />

At the same time, retail jewellers are evolving their design<br />

processes and sales techniques in order to accommodate the<br />

changing desires, expectations and budgets of this category’s<br />

<strong>July</strong> <strong>2019</strong> <strong>Jeweller</strong> 17


ENGAGEMENT AND BRIDAL<br />

information – from design to ring size. That way they both get to enjoy the right<br />

ring and the surprise element. Win-win!”<br />

THE COLOUR OF LOVE<br />

When it comes to selecting a standout stone, Der Bedrossian believes nothing is<br />

more unique than pink.<br />

KAILIS<br />

largest group of current and future shoppers: Millennials and Gen Z. These<br />

consumers combine their desire for unique retail experiences with strong demand<br />

for unique, personalised pieces that both attract attention and tell a story.<br />

<strong>Jeweller</strong>s are turning to unusual engagement rings to satisfy these needs<br />

and capitalise on this critical category, which can be the first chance to form<br />

relationships with customers that can last years; buying an engagement ring is<br />

often the first step in the life journey of a customer, who will go on to purchase<br />

wedding jewellery, anniversary gifts, push presents and more.<br />

CULTURAL SHIFT<br />

DELIQA GEMS<br />

The way consumers think about and purchase engagement rings has changed<br />

in recent years. Younger generations take a less-traditional view of marriage but<br />

there’s still a strong connection between love and rings, whether promise rings,<br />

commitment rings or engagement rings.<br />

“Millennials are really looking for uniqueness,” explains Yseult de Crombrugghe,<br />

project manager Langerman Diamonds, which exclusively deals in fancy-colour<br />

diamonds. “They want a symbol of their love that reflects their story. Future<br />

brides are looking for rings that come off the beaten path whilst having the same<br />

sentimental value ​as traditional rings.”<br />

Kelly Safarewicz, retail leader at Pieces of Eight gallery in Melbourne, agrees:<br />

“For many, an emotional connection to a piece is enough to win them over<br />

and I find more people are searching for a unique stone that reflects their<br />

unique relationship.”<br />

Marriages are also taking place later. The median age of marriage has been steadily<br />

increasing since 1950 and is now 32 for men and 30 for women, according to the<br />

Australian Bureau of Statistics. The nature of proposing has changed and so has<br />

the ring-buying process.<br />

Justin Linney, creative director at Linneys jewellers in Perth, says the engagement<br />

ring is now more likely to be a “combined decision”. “Culturally, roles are evolving.<br />

More couples are designing the ring together these days,” he says, adding that this<br />

is a trend popular in same-sex marriages.<br />

“For our same-sex couples, it is a mix of making a ring for the proposal or having<br />

the couple come in together and make matching rings or different designs to suit<br />

their individual styles.”<br />

That said, traditional proposals aren’t finished yet: “The surprise proposal is alive<br />

and well so there are still some romantics out there,” Linney says.<br />

Jacqueline Fowler, jewellery consultant, Holdsworth Bros in Victoria, says, “Many<br />

times couples will come in together to get an idea of what they like and we make<br />

notes. When the time is right, the partner will come back and we have all the<br />

“Pink diamonds are extremely rare so they add a touch of class,” he says. “Blush Pink<br />

jewellery takes the lighter hues of the Argyle pink diamond and arranges them<br />

in a design to maximise their colour and radiance – most are pave or cluster-style<br />

designs. Pink Kimberley jewellery, on the other hand, uses larger, darker Argyle<br />

pink diamonds to achieve a boutique-style masterpiece.”<br />

De Crombrugghe says the demand for fancy-colour diamonds has “exploded over<br />

the last couple of years”, which she puts down to celebrity engagement rings,<br />

scene-stealing red-carpet jewellery and record-breaking auctions. She also notes<br />

that fancy-colour diamonds are harder than other coloured gems, making them<br />

ideal for everyday wear.<br />

“Uniqueness and custom-makes are very important for couples today and colour<br />

is a great way to personalise a ring,” de Crombrugghe says, adding, “One of our<br />

customers asked for a diamond matching the eye colour of her life partner. We<br />

found the perfect match with a beautiful fancy greenish-brown diamond.”<br />

Linney says custom-makes with yellow, champagne and black diamonds are<br />

popular for clients wanting something “different to what their friends might have”,<br />

adding that pink diamonds are also highly sought after: “We enjoy using pink<br />

diamonds either as side stones, centre stones or as halos to frame a stunning<br />

white diamond.”<br />

Fowler has also noticed a demand for Argyle pinks and chocolate diamonds, as<br />

well as yellow-diamond halo rings.<br />

“Sapphires are a very popular choice at the moment; however, we also have<br />

couples that choose aquamarines and rubies,” she says, adding, “Tanzanites have<br />

also become popular in recent times.”<br />

The demand for sapphire engagement rings in particular has seen an uptick after<br />

receiving royal approval. Princess Eugenie of York made headlines around the<br />

world in 2018 when her fiancé proposed with an oval-cut Padparadscha sapphire<br />

from Sri Lanka, estimated to be 3 carats.<br />

Sasha Gammampila is founder of Deliqa Gems, which deals exclusively in<br />

sapphires of all colours. She says the demand has been “consistent” and the royal<br />

ring “certainly sparked a trend in sapphires”.<br />

Katherine Kovacs, director K&K Export Import, agrees:<br />

“In the last year or two, we have noticed a significant<br />

spike in calls requesting colour gemstones for use in<br />

engagement rings.<br />

“Top of the list for us is sapphire; Sri Lankan (Ceylon)<br />

sapphire dominates but demand for Australian<br />

sapphire is growing – particularly in blue, green and<br />

teal colours – often with clients specifically requesting<br />

that the stone is Australian.”<br />

Kovacs says that sapphire and ruby are both from the<br />

corundum family and have the suitable hardness and<br />

toughness for everyday wear.<br />

“Spinel is also great choice for wearability,” she adds.<br />

SAMS GROUP AUSTRALIA<br />

18 <strong>Jeweller</strong> <strong>July</strong> <strong>2019</strong>


ENGAGEMENT AND BRIDAL<br />

Linneys has also had requests for pearl engagement rings, though the jeweller<br />

advises customers that pearl engagement rings will wear differently to a diamond<br />

engagement ring due to the fragility and softness of pearls.<br />

Similarly, gems such as amethyst, emerald and aquamarine do not share the<br />

same hardness as diamonds, sapphires or rubies. These gems have become more<br />

popular in the revival of the birthstone engagement ring, which was the tradition<br />

before white diamonds.<br />

HOLDSWORTH BROS<br />

LANGERMAN NATURAL COLOR DIAMONDS<br />

Another growing trend is the ‘salt-and-pepper’ or ‘galaxy’ diamond – white<br />

diamonds filled with dark inclusions that give the stone the appearance of the<br />

night sky or stormy seas.<br />

Safarewicz says Pieces of Eight clients are “drawn to their [galaxy diamonds]<br />

individuality and distinct look. There is certainly a trend of young couples in their<br />

twenties and thirties looking at these stones to feature in their engagement rings.”<br />

Heavily-included and tinted diamonds can also appeal to price-sensitive<br />

consumers, according to Safarewicz, who says they “allow clients with a more<br />

modest budget to purchase a diamond while still appealing to their desire for a<br />

unique ring”.<br />

Pearls, too, are becoming more popular in engagement rings – so much so<br />

that West Australian pearl jewellery company Kailis has launched a bespoke<br />

engagement-ring design service.<br />

“We have seen great demand from Kailis customers who wanted a bespoke<br />

engagement ring,” Julian Power, Kailis head of design, says. “Australian South<br />

Sea pearls are the rarest in the world; it comes down to couples and individuals<br />

wanting to express their individuality and have a beautiful ring that is customised<br />

to their taste.”<br />

Birthstones have a bold look and add a beautiful sentimental element to the<br />

ring – some couples choose a combination of their own birthstones or even the<br />

birthstones of their children. Yet the softness of some birthstones means they are<br />

only suited to use as small accent stones or channel-set into the band to minimise<br />

the risk of chips and scratches.<br />

SHAPE REMAINS SOLID<br />

Coloured gemstones may be giving engagement rings a modern look but where<br />

shape is concerned, Fowler says it’s all about tradition.<br />

“Couples are still looking for the classic round-brilliant in a claw setting,” she reveals.<br />

“Halos are really popular at the moment combined with fancy shapes like pear,<br />

oval and marquise centres.”<br />

De Crombrugghe agrees, saying, “Round diamonds are still the most popular but<br />

they are not always the best choice for fancy-colour diamonds as the roundbrilliant<br />

cut has been designed to enhance the whiteness of a colourless diamond.”<br />

Linney says oval-cut diamonds have been trending over the past 12 months,<br />

adding, “We have also noticed more requests for 18-carat yellow gold.”<br />

Meanwhile, Der Bedrossian notes that pave-style clusters in pink are proving<br />

popular, as are pink-diamond halos around a white diamond centre stone.<br />

“White gold is still the king of all metals for engagement rings,” he adds.<br />

The most-popular searches on apps like Instagram and Pinterest reflect these<br />

trends, where oval stones, petal-effect halos and half-halos, sunbursts – a marquise<br />

Selling the dream<br />

– retailers talk engagement sales<br />

LINNEYS<br />

“We have many families who have been<br />

shopping with us for generations and are<br />

more like friends than customers – they love<br />

the attention to detail that they receive with<br />

us; they trust us and we are always honest with<br />

our customers. More often, clients want to<br />

know all about diamond quality and they are<br />

definitely expecting the best service.”<br />

– Jacqueline Fowler, jewellery consultant,<br />

Holdsworth Bros<br />

“Engagement ring buyers are doing a lot of<br />

research online before buying now, which<br />

can have some positive and some negative<br />

effects, given not all the information they<br />

read is correct. From a design perspective,<br />

customers are flooded with different design<br />

options online and I think they feel pressured<br />

to know what they want before they visit our<br />

showroom. Once they actually try rings on<br />

their hand or view our designs in reality, they<br />

quickly realise what they like and don’t like.”<br />

– Justin Linney, creative director, Linneys<br />

“We encourage a dialogue with our clients<br />

about their jewellery: what their expectations<br />

are and what styles and materials will be<br />

most suitable. We want the client to feel<br />

confident in their purchase but we also<br />

respect that purchasing or creating a<br />

special piece of jewellery can often carry<br />

a lot of emotion with it.”<br />

- Kelly Safarewicz, retail leader,<br />

Pieces of Eight Gallery<br />

20 <strong>Jeweller</strong> <strong>July</strong> <strong>2019</strong>


or pear-cut diamond with a round-diamond<br />

halo – and gold bands have topped consumers’<br />

wish lists.<br />

EYES ON THE PRICE<br />

ANDREW BARCHAM/<br />

PIECES OF EIGHT<br />

According to the New York Times, a broad survey of US adults listed<br />

the median payment for an engagement ring at about US$2,000, with<br />

just seven per cent spending over US$10,000. Another US poll found<br />

that 68 per cent of Millennials expected to pay US$2,500 or less for an<br />

engagement ring.<br />

In contrast, the average price of engagement rings in Australia<br />

is $5,000, according to the 2018 Australian Wedding Industry<br />

Report (AWIR), a survey of more than 4,000 couples conducted by<br />

Easy Weddings.<br />

This gap presents a marked challenge for jewellers but, as with any<br />

jewellery purchase, a thorough understanding of one’s customer and<br />

the value of the product is the key to successful sales.<br />

An engagement ring is a deeply-personal purchase. With more and<br />

more young couples now living together and saving for their home<br />

deposit or paying off a mortgage, splashing cash on a huge diamond<br />

is no longer feasible.<br />

“Clients are telling us that the type of consumer that requests a<br />

coloured-gemstone engagement ring likes to have something unique<br />

but is often driven by price – you can usually get a bigger ring for<br />

fewer dollars with a colour gemstone than you can with a diamond,”<br />

Kovacs explains.<br />

Even at the higher end of the market, Linney says price is still a<br />

factor. The key is to find the perfect ring for the customer’s budget:<br />

“About $10,000 seems to be a common figure that guys and girls are<br />

prepared to spend on an engagement ring,” he explains. “Purchasing<br />

an engagement ring is one of the most important financial decisions<br />

couples will ever make so it is important that they are well-informed<br />

and make the right choice.”<br />

For this reason, couples are often shopping for their engagement rings<br />

together, discussing exactly what they want and what they can afford.<br />

“Often couples come in just knowing their budget,” Fowler confirms.<br />

“Others come in with a design including the exact diamond size and<br />

quality they would like.”<br />

Social media has enhanced the proposal, making<br />

it more public. As a result, the story of choosing<br />

the ring, the significance of the personal<br />

design elements and the unique, photogenic<br />

appearance of the finished product are all<br />

major selling points.<br />

“Deciding what to spend on<br />

an engagement ring is a very<br />

personal decision,” Fowler says.<br />

“What our clients end up spending<br />

is based on a combination of<br />

many different things. But<br />

ultimately the significance of<br />

continued page 23<br />

PETER W BECK<br />

New collections<br />

‘Bohemian Dream’, ‘Fringe Appeal’<br />

and ‘Mineral Glow’ now available<br />

with more releases coming soon<br />

Proudly distributed by<br />

02 9417 0177 | www.dgau.com.au


ENGAGEMENT AND BRIDAL<br />

Going the<br />

aisle<br />

After “Yes” comes “I do”, which is another opportunity for jewellers to create the memory<br />

of a lifetime by selling the wedding ring, the bridal jewellery and the wedding-party jewellery<br />

WORTH &<br />

DOUGLAS<br />

Wedding rings are priced lower than engagement rings and don’t have<br />

the same fanfare, but there’s no reason this jewellery purchase should be<br />

an afterthought.<br />

“The appeal of wedding rings is because of tradition and ceremony – a wedding<br />

ring is something worn by a wide range of people with a wide range of budgets,”<br />

Olivia Baird, marketing co-ordinator at Peter W Beck, says. “A basic lightweight,<br />

9-carat, yellow-gold wedding ring can be purchased at retail for as low as $150 but<br />

those people with a higher budget will spend many thousands of dollars on their<br />

wedding rings.”<br />

These rings are another chance for a couple to commemorate their love with<br />

personal or matching pieces that show off their flair for design. “Over the last<br />

12 months we have seen continued popularity of our zirconium range in men’s<br />

wedding rings,” Baird says. “The striking black offers a modern twist on our classic<br />

styles, while our zirconium-and-gold styles make for a sophisticated combination<br />

of materials in a wedding ring.”<br />

Chris Scanlan is manager at RJ Scanlan & Co, which distributes Dora wedding rings<br />

for men. He agrees that black has been a trend, especially contrasted with yellow<br />

gold or even rose gold, and that carbon fibre also has a strong following.<br />

Chris Worth, of Worth & Douglas, has observed the same trend, noting, “Twotone<br />

with a textured finish is still a popular choice for men’s rings. While we’re still<br />

finding the choices to be more on the conservative side, men are stepping away<br />

from the traditional look and we’ve seen this particularly with the black ‘ZiRO’ rings.”<br />

Scanlan says the average price for a wedding ring has dropped considerably,<br />

maybe by as much as 25 per cent in five years, but adds, “There is still a large<br />

market out there that does want to wear something of quality and of value on<br />

their fingers.”<br />

Similarly, in the women’s market, Baird says platinum has been growing in<br />

popularity due to a recent price fall, while designs have been trending towards<br />

“very dainty widths of 2–3mm”.<br />

IKECHO<br />

Worth confirms that “diamond-set rings in white gold or platinum” are still<br />

very popular for ladies’ rings, while there are growing trends for claw-set<br />

wedding rings and a shift back to yellow gold for both men and women.<br />

One trend across both engagement and everyday jewellery<br />

is stacking rings. Otherwise known as ‘the Triple’, the<br />

engagement ring is worn between the wedding ring and<br />

an eternity ring that is often given either on a wedding<br />

anniversary or on the birth of the couple’s first child.<br />

We offer a wide range of unique engagement-ring<br />

designs and always ensure they can be perfectly<br />

coupled with a specially-designed wedding ring as a<br />

set,” Worth says.<br />

Meanwhile Baird confirms, “We are seeing a resurgence<br />

in the popularity of wedding rings designed with a curve<br />

to fit perfectly against the engagement ring.”<br />

For retailers, stocking a variety of men and women’s styles is also essential.<br />

“In Germany and Scandinavia, nearly all couples will go in and buy matching hisand-hers<br />

wedding bands,” Scanlan explains. “This doesn’t really happen in Australia.<br />

More often, you’ll have a woman buying a wedding band to suit her engagement<br />

ring, while her fiancé will buy a wedding band to suit his style.”<br />

Baird says couples still purchase wedding bands together, despite a preference for<br />

differing styles.<br />

“Couples will often choose wedding bands where one element of the set is<br />

matching – the material, finish or profile perhaps. Matching one of these elements<br />

means the rings fit together but still give the couple the opportunity to highlight<br />

their personal style,” she explains.<br />

Scanlan also points out that many men and women are not able to wear a<br />

wedding ring at work for safety reasons. In this case, the ring could come with a<br />

chain so it can be worn under clothes or alternatively come in a secure display box<br />

so it can be kept safe when not worn.<br />

HERE COMES THE BRIDE – AND BRIDESMAIDS<br />

Wedding jewellery doesn’t stop with the rings; brides also consider earrings,<br />

necklaces, bracelets and decorative pieces for their hair or veil. The Australian<br />

Wedding Industry Report (AWIR) found that the average couple has seven to<br />

10 people in their wedding party, providing ample opportunity for jewellers to<br />

suggest matching jewellery for bridesmaids and cufflinks for groomsmen.<br />

A classic choice of adornment for many brides and their bridal parties is pearls,<br />

which traditionally symbolise femininity, purity and loyalty.<br />

“We create modern pearl jewellery at affordable prices for the bride and<br />

bridesmaids that look classic and on trend,” Ikecho founder and director Erica Miller<br />

says. “Brides like to feel special with some extra bling, while they tend to choose a<br />

more classic style for their bridesmaids.”<br />

The soft lustre of pearls and their range of colours, including black, pink, cream,<br />

gold and pure white, complement all skin tones as well as different metals.<br />

“Pearls are timeless and elegant, which is often their appeal brides and mothersof-the-bride.<br />

They complement almost every outfit, including the white tones<br />

in a wedding gown,” Kailis head of design Julian Power explains. “Kailis offers<br />

many different ranges to appeal to different tastes, including the Classics and<br />

Contemporary collections, an Art Deco-inspired range called the Charlston and<br />

the Kailis silver collection, which offers perfect gifts for the bridal party.”<br />

When it comes to selecting bridal jewellery, Power reveals that Kailis’ new flagship<br />

boutique in Perth – opening in August – will have a fitting room for brides to try<br />

on jewellery with their wedding gowns. Ikecho also offers marketing support<br />

to retailers, specifically-oriented towards helping brides select the perfect pearl<br />

jewellery for their big day.<br />

22 <strong>Jeweller</strong> <strong>July</strong> <strong>2019</strong>


RJ SCANLAN<br />

continued from page 21<br />

the ring and enjoyment from wearing it<br />

and showing it off continues long after the<br />

purchase price is forgotten.”<br />

Safarewicz agrees, saying, “Clients can<br />

often be swayed to go beyond their initial<br />

price range by a spectacular stone or to<br />

buy something bigger than what they had<br />

planned; however, there is almost always a<br />

budget and it remains an important factor<br />

for clients.<br />

“We never push people to a pricier option; we<br />

always look to find a beautiful stone that is<br />

within the budget,” she says.<br />

Consumer research recently conducted by<br />

the Gemological Institute of America (GIA)<br />

found that 69 per cent of US bridal customers<br />

‘prefer a diamond with an origin story’. This<br />

is one area where natural diamonds and<br />

other gems have an edge over materials like<br />

synthetic moissanite and cubic zirconia.<br />

While fancy-colour diamonds have a<br />

reputation as being more expensive than<br />

other diamonds and gems, de Crombrugghe<br />

stresses, “A natural, fancy-colour diamond<br />

doesn’t need to be big to be stunning. Also,<br />

pure colours are more expensive so why not<br />

offer a colour diamond with a secondary hue?<br />

This will often be even more charming and<br />

hypnotic than a straight colour. Subtle fancy<br />

light colours are also far less pricey than fancy<br />

intense or fancy vivid colours.”<br />

She adds, “Nobody will ever notice very small<br />

inclusions without magnification.<br />

What really matters is the energy and the<br />

beauty that will be there every single day on<br />

the finger of their life partner. The lucky owner<br />

of this fabulous stone will be the only one to<br />

know that all these small grading deviations<br />

are nature’s signature of that<br />

unique diamond.”<br />

Der Bedrossian notes<br />

that pink-diamond<br />

halos and accent<br />

stones have<br />

become more<br />

popular as<br />

“premium<br />

customisations”<br />

for engagement<br />

rings, as large<br />

pink diamonds<br />

are too expensive for<br />

most consumers.<br />

Another way around<br />

the difficult price<br />

question is to offer<br />

financing. Online retailers<br />

have embraced the practice and<br />

Blue Nile and James Allen both tout interestfree<br />

financing either through a payment plan<br />

or an ‘in-store’ credit card.<br />

Buy now-pay later services like Afterpay<br />

and ZipPay have also been adopted by<br />

parts of the jewellery industry, though they<br />

are not always suited to smaller retailers or<br />

large purchases.<br />

Another rising trend is the ‘placeholder ring’ or<br />

‘loaner ring’. Generally priced at $500 or less,<br />

they suit a groom-to-be who hasn’t settled<br />

on a design, can’t afford the dream ring yet<br />

or does not want to risk travelling to the<br />

proposal location with the real thing.<br />

The placeholder ring can be inscribed with<br />

a unique proposal message and kept as a<br />

sentimental token of love, or act as a deposit<br />

and be swapped at a later date when<br />

the couple is ready to choose the bride’s<br />

engagement ring.<br />

In the US, Helzberg Diamonds conducted<br />

market research and found that 60 per<br />

cent of men listed ‘selecting the ring’ as the<br />

hardest part of proposing. A similar number<br />

felt it important to involve their partners in<br />

choosing the ring.<br />

“I’d have to say that buying an engagement<br />

ring is one of the scariest – and most<br />

rewarding – experiences for most men. You<br />

want to be excited with them and share the<br />

special experience,” Fowler says.<br />

The placeholder means the romantic<br />

proposal tradition can continue – without<br />

the stress – and it gives the jeweller the<br />

opportunity to create another beautiful<br />

memory for the couple when they come in to<br />

design their dream ring together.<br />

Above all, the engagement ring signals the<br />

start of something, in both the literal and<br />

emotional sense. Combining modernity and<br />

tradition, this piece of jewellery is a symbol of<br />

love, hope and happy memories – one of the<br />

most meaningful purchase decisions people<br />

will ever conduct. It’s the jeweller’s privilege<br />

to help make the moment unforgettable. i<br />

K & K<br />

EXPORT<br />

IMPORT<br />

FEATURING THE<br />

DELICATE PINK TONE OF<br />

ARGYLE PINK DIAMONDS<br />

Blush Pink Diamond jewellery is<br />

inspired by the spirit of Australia.<br />

Each piece is crafted using natural<br />

Australian Argyle pink diamonds.<br />

www.BlushPink.com.au<br />

E pink@samsgroup.com.au<br />

W samsgroup.com.au<br />

P 02 9290 2199


NATURAL DIAMONDS<br />

The<br />

white diamond<br />

report<br />

THE BACKBONE OF THE<br />

JEWELLERY INDUSTRY IS THE<br />

DIAMOND. ARABELLA RODEN<br />

DISCOVERS HOW THE CATEGORY<br />

IS ADAPTING TO NEW TRENDS<br />

AND OVERCOMING OBSTACLES<br />

here’s no question the diamond industry is facing challenges. The world’s<br />

largest producers have seen sales of both rough and polished stones<br />

slump in recent months – De Beers reported its worst sales results in two<br />

years in May, while Alrosa confirmed an 8 per cent year-on-year decline.<br />

At major buying fairs across the globe, the sentiment has been mixed and slow<br />

trade recorded. “The diamond market is still suffering and most categories are not<br />

doing well globally,” Yehuda Diamond Company president Dror Yehuda says.<br />

The problem is not oversupply but weakening consumer demand, both for the<br />

diamond category and across the retail industry in general. In recent years, a large<br />

number of jewellery retailers have closed their doors, struggling to cope with a<br />

downturn in consumer spending and the changing nature of shopping itself.<br />

Even at the luxury end, publicly-listed retailers Tiffany & Co and Signet have posted<br />

losses for the first quarter of <strong>2019</strong>.<br />

At the recent JCK Las Vegas trade show, buyer numbers were estimated to be<br />

down by as much as 25 per cent. While some blamed the downturn on moving<br />

the show from weekend to mid-week, panels still focused on how to turn the tide.<br />

“Demand has become very narrow and very specific in terms of what people<br />

are looking for,” Rapaport senior analyst and news editor Avi Krawitz said at one<br />

seminar, adding that some parts of the industry have been slow to adapt to the<br />

“tremendous change” that has occurred over the past few years.<br />

<strong>July</strong> <strong>2019</strong> <strong>Jeweller</strong> 25


NATURAL DIAMONDS<br />

TRADING INSIGHTS<br />

Like other luxury goods, diamond prices are highly elastic, which means any changes<br />

in price have a direct impact on demand. Vipul Sutariya, director Dharmanandan<br />

Diamonds, explains, “White diamonds are always in demand because of their rarity<br />

and beauty but the micro and macro economy play a vital role in the price point of<br />

jewellery. During a particularly challenging time, the lower colour grades will attract<br />

more consumers who are looking for something affordable.”<br />

Sutariya says 0.5 to 2 carats are “moving decently” – an observation echoed by Royal<br />

Gem Australia’s David Karakai. “The smaller sizes, up to 1 carat, are very competitive,”<br />

he says. “However, we specialise in larger sizes so we are seeing a lot of demand<br />

in the 2 to 3-carat range as well as 5 carats. Clients are always price sensitive<br />

and looking for the best deal.”<br />

Meanwhile Yehuda lists various colours and clarities in 1 to 2 carats as performing<br />

better, noting a “big shortage” in G-I colour VS1-VS2 diamonds over 2 carats.<br />

In terms of cut, he says ovals have done well over the past year, particularly in the US.<br />

Pear and emerald cuts are also in demand.<br />

UNCERTAIN TIMES<br />

According to the Australian Bureau of Statistics, consumer spending has been<br />

on a downward trend since the Global Financial Crisis of 2008 with consumers<br />

reluctant to spend on discretionary luxuries like jewellery. Spiralling debt,<br />

LEFT AND RIGHT: THE SIRIUS STAR CUT FROM DHARMANANDAN DIAMONDS<br />

a softening property market and stagnant wages have all given many<br />

shoppers pause.<br />

The effect on the retail industry has been stark and National Australia Bank<br />

economists declared the sector “clearly in recession” following the May edition<br />

of the bank’s Monthly Business Survey.<br />

For the diamond category, the answer has been to re-orient the product<br />

to include women’s self-purchase jewellery and not just once-in-a-lifetime<br />

engagement rings.<br />

“The women’s self-purchase market has been the growth engine of the sector<br />

over the past few years,” Jean-Marc Lieberherr, CEO of the Diamond Producers<br />

Association (DPA), says. “In the US, about one-third of diamond jewellery sales are<br />

women purchasing for themselves and the price points have grown to be similar<br />

to those for gifts, at between $US1,000 and $US1,500 for the median price.”<br />

Jonathan Kendall, president, De Beers Group global industry services, confirms:<br />

“The self-purchase sector has been growing over the past 20-plus years and<br />

today it represents up to 40 per cent of purchases in some markets. So yes, it’s<br />

important and slowly trending upwards.”<br />

Lieberherr explains that the change has come about due to a cultural shift.<br />

“Historically, many women have not seen diamond jewellery as a self-purchase<br />

option as the idea of a diamond as a gift of love or symbol of commitment has<br />

dominated,” he says.<br />

“At the same time, the branded-accessory market has been growing,<br />

with women as the primary purchasers, pointing to a lost opportunity for<br />

diamond jewellery.”<br />

Today, Lieberherr says women are looking to purchase diamond jewellery for<br />

themselves “to celebrate important milestones, reward themselves or simply<br />

because they can and it makes them proud,” which means retailers need to<br />

market and sell directly to women. He points to the DPA’s ‘For Me, From Me’<br />

campaign, which gives retailers the resources both in-store and online to<br />

capitalise on this market.<br />

Diamonds also appeal as gifts to mark various milestones.<br />

“We see diamond gifting at christenings and other religious ceremonies,<br />

graduations and 21st birthdays, as well as silver and gold wedding anniversaries,”<br />

Kendall explains. “As populations age, we are also seeing a trend for eternity rings<br />

as partners show their love and appreciation, and brooches and necklaces are<br />

popular gifts for the older generation.”<br />

Lieberherr calls the process “diversifying purchase motivations”. Rather than<br />

pivoting away from engagement and bridal, which still represent about 30 per


cent of diamond sales, the trade is adding occasions to celebrate with<br />

a diamond.<br />

SYNTHETIC VERSUS AUTHENTIC<br />

Millennials and Gen Z shoppers are attracted to authentic and ecofriendly<br />

businesses and are willing to pay more for these attributes,<br />

according to consumer research company Nielsen.<br />

“More consumers are looking for sustainable products,” Sutariya says.<br />

“They are concerned about how and where their jewellery comes from<br />

– is it responsibly sourced?”<br />

S E CUR E<br />

E A RRI NG B ACK S<br />

P r o u dly d e sig n e d a n d<br />

m a n u fac t u r e d in the U K<br />

Producers of lab-grown diamonds have touted their alleged<br />

sustainable and ethical credentials, striking a chord with younger<br />

consumers; however, these claims have been criticised as capitalising<br />

on consumer ignorance of how synthetic diamonds are manufactured,<br />

as well as the lack of knowledge about the true environmental and<br />

social impact of diamond mining.<br />

“There is nothing sustainable about lab-grown diamonds. They require<br />

heating up reactors at [extreme] temperatures, which require millions<br />

of gallons of water to cool off,” Lieberherr says, adding, “None of today’s<br />

lab-grown diamond producers make use of renewable energy, despite<br />

what some claim, and most of the volume comes from regions of the<br />

world where electricity is produced with coal and fossil fuels.”<br />

For natural diamonds, the challenge is emphasising the industry’s<br />

long-term commitment to transparency, traceability and energy<br />

efficient technology.<br />

S A F E<br />

S ECU R E<br />

NON-S LIP<br />

H YPO-A LLERGE NIC<br />

C OMFOR T ABLE<br />

Both De Beers and Alrosa have recently announced their own<br />

traceability initiatives. Tracr, an end-to-end blockchain platform<br />

developed by De Beers in collaboration with the diamond industry,<br />

will launch its beta version in the next few months and aims to build<br />

consumer confidence while making industry practices more efficient.<br />

Signet and China’s Chow Tai Fook have already pledged their support<br />

for the initiative.<br />

Alrosa, meanwhile, has announced ‘electronic passports’ for each of<br />

its diamonds, including details on each stone’s age, origin and date of<br />

extraction. The passports will also note the time and place where the<br />

diamond was cut and the cutter’s name and background.<br />

The Gemological Institute of America (GIA) has also begun issuing<br />

Diamond Origin Reports.<br />

In terms of environmental impact, the DPA has recently released<br />

the results of an independent investigation into diamond mining<br />

conducted by third-party evaluator Trucost.<br />

It found that natural diamonds emit three times less carbon dioxide<br />

per polished carat than synthetics; however, mining still has a<br />

significant environmental cost.<br />

“The report points to the undeniable, negative environmental impact<br />

of diamond mining – carbon emissions account for the bulk of that<br />

impact, as diamond mines have a limited physical footprint and make<br />

limited use of chemicals,” Lieberherr notes. “It is important for the<br />

sector to look at ways to reduce its carbon footprint through energy<br />

conservation, greater access to renewable sources and ambitious<br />

carbon-absorption programmes.”<br />

Proudly distributed by<br />

02 9417 0177 | www.dgau.com.au


SAMS GROUP<br />

AUSTRALIA<br />

LEFT AND RIGHT: ROYAL GEM AUSTRALIA<br />

Precious Gemstone & Diamond Set <strong>Jeweller</strong>y<br />

Ruby, Sapphire, Paraiba & Emerald with Argyle Pink Diamonds<br />

A delicious range of natural precious gemstone<br />

jewellery set with sparkling white diamonds,<br />

available in every colour of the rainbow!<br />

Beautifully crafted in 18ct gold.<br />

E pink@samsgroup.com.au<br />

W samsgroup.com.au<br />

P 02 9290 2199<br />

Kendall believes the industry has come a<br />

long way – further than outdated consumer<br />

stereotypes might suggest.<br />

“The real diamond industry has a broad<br />

sustainability approach,” he says. “In the last<br />

20 years there has been far more effort put<br />

into the economic, social and environmental<br />

impacts associated with our business.<br />

Sustainability is paramount to any business<br />

success and our industry is progressing well<br />

in this regard. Operating responsibly, creating<br />

healthy workplaces, supporting employees,<br />

their families and local communities, and<br />

protecting the environment are all a real focus<br />

in the modern diamond industry.”<br />

He references De Beers’ Project Minerva,<br />

which supports groundbreaking research<br />

into carbon-neutral mining as well as the<br />

group’s partnership with UN Women and its<br />

strict environmental measures and ambitious<br />

carbon-reduction targets. Kendall says De<br />

Beers “has reduced its carbon footprint<br />

significantly in the last five years with<br />

excellent initiatives such as the first solarpowered<br />

grading lab in Surat, India”.<br />

In terms of social benefits, Trucost determined<br />

that large-scale diamond mining generates<br />

US$16 billion in net benefits every year,<br />

of which more than 80 per cent flow to<br />

local communities around mines. These<br />

benefits include employment, services,<br />

taxes and royalties, as well as infrastructure<br />

and redevelopment.<br />

Still, Rapaport Group chairman Martin<br />

Rapaport recently delivered a stern warning<br />

to the industry at JCK Las Vegas: “The<br />

diamond trade is not profitable enough to<br />

support a sustainable supply chain,” he said.<br />

“If the trade does not change its business<br />

practices and adapt to new realities, the<br />

diamond industry will suffer extreme financial<br />

and regulatory disruption.”<br />

Lieberherr predicts a backlash against<br />

synthetic diamonds, claiming consumers will<br />

realise their lack of inherent or resale value –<br />

but Yehuda says retailers should cater to the<br />

current demand for synthetics.<br />

“If you really wish to stand out and have<br />

the courage to do it, go into lab-grown<br />

diamonds. This category is doing extremely<br />

well in the US,” he says. “Despite all the<br />

controversy around the lab-grown diamond<br />

sector, it’s a product that can help your<br />

bottom line. You just need to be honest and<br />

passionate about the product you are selling.”<br />

Still, Lieberherr urges caution, saying the<br />

synthetics category jeopardises diamond<br />

retailers’ premium positioning.<br />

Sutariya believes the best solution for retailers<br />

is to add value to natural diamonds through<br />

technology. “At present, certification is very<br />

common; the same certificate with the same<br />

colour and clarity is available at a cheaper<br />

price at an online store,” he explains. To help<br />

retailers stand out, Dharmanandan exclusively<br />

offers Sirius Star diamonds in its Love Facets<br />

Collection, which are uniquely cut to optimise<br />

light return.<br />

Billed as the ‘brightest diamonds in the world’,<br />

Sutariya claims stocking the collection “makes<br />

competition irrelevant” because there’s no<br />

way other retailers can mimic the effect and<br />

undercut the price.<br />

WHAT THE FUTURE HOLDS<br />

There’s no way to predict the challenges the<br />

diamond industry could face in the future but<br />

it’s certain that, like all industries, evolution<br />

will be necessary.<br />

In the meantime, better marketing,<br />

technological innovation, catering to<br />

consumer trends and streamlining supply<br />

chains are some tools that can help the<br />

diamond industry keep shining. i


NEW SEASON WATCHES<br />

What’s<br />

new<br />

in the<br />

watch market?<br />

ICE-WATCH 015604 ICE LO MALIBU<br />

WHILE MANY COMPANIES HAVE WITHDRAWN<br />

FROM BASELWORLD, THE SWISS TRADE SHOW<br />

STILL MARKS THE START OF THE NEW WATCH-<br />

BUYING SEASON. ARABELLA RODEN DISCOVERS<br />

THE LATEST MODELS FROM LEADING BRANDS<br />

ust a few short years ago Baselworld was king of the watch industry.<br />

The luxury trade fair once attracted more than 2,000 exhibitors and<br />

150,000 visitors.<br />

Held in March, at the end of the Northern Hemisphere winter, it was<br />

a time of excitement, renewal, and growth – the ideal place to launch new<br />

watches and timepieces ahead of the summer shopping season. Some industry<br />

commentators even likened it to an awe-inspiring ‘pilgrimage’.<br />

Unfortunately, the once-great show fell into a slow pattern of decline.<br />

Predatory local businesses charged higher and higher prices for meals and<br />

accommodation, leading to lower visitor numbers. Booth prices soared, making<br />

exhibiting prohibitively expensive for many brands; at the same time, a redesign<br />

of the main Hall 1 venue in 2013 softened numbers due to reduced floor space.<br />

Meanwhile, falling Swiss watch exports in 2015 – the end of the so-called<br />

‘China watch boom’ – saw further contraction. By 2017, the show had shed 600<br />

exhibitors and was in dire financial straits, reporting losses of CHF110 million.<br />

As a result, long-term managing director Sylvie Ritter, director of sales Martin<br />

Fergusson and marketing and communications director Loraine Stantzos left the<br />

show’s parent company MCH Group.<br />

Yet Baselworld had still not hit rock bottom; that came a year later with the<br />

departure of industry juggernaut Swatch Group, parent of Breguet, Longines,<br />

Tissot, Omega, Hamilton and Rado, among many others.<br />

Its CEO Nicolas Hayek Jr publicly criticised MCH’s management, claiming they’d<br />

ignored complaints and refused to adapt the format to attract more buyers,<br />

before abruptly pulling out of the show.<br />

René Kamm, who had been CEO of MCH Group for 15 years, resigned shortly<br />

after – but the decision could not prevent a further exodus of high-profile<br />

manufacturers, some of which had supported the show for more than 60 years.<br />

Maurice Lacroix, Corum and Raymond Weil quickly announced their decision to<br />

stop exhibiting at Baselworld.<br />

Yet there were glimmers of hope following the <strong>2019</strong> edition, under the fresh<br />

leadership of MCH Group’s new managing director Michel Loris-Melikoff.<br />

Industry commentators acknowledged that while exhibitor numbers were still<br />

hovering at the 600 mark and attendees around 80,000, there was a willingness<br />

to embrace change and at least some vision of what the future would hold.<br />

With new MCH Group CEO Bernd Stadlwieser also coming in to breathe new life<br />

into the venerable trade show – which marked its 102nd anniversary in <strong>2019</strong> –<br />

there’s a sense that, with the right strategy and enough time to implement it, the<br />

challenges can be met.<br />

While Baselworld is not what it once was in terms of exhibitors, visitors and<br />

industry support, it still marks the natural time for brands and suppliers to debut<br />

current and upcoming releases, as well as get retailers informed and enthused<br />

about the latest products.<br />

Its timing makes it the focal point of the buying year, and even in its present form,<br />

there is no other watch industry trade fair of its calibre in terms of reputation,<br />

recognition and reach.<br />

Whether participating at Baselworld or debuting fresh stock on their own terms,<br />

here’s what leading brands and suppliers have in store for retailers.<br />

<strong>July</strong> <strong>2019</strong> <strong>Jeweller</strong> 29


NEW SEASON WATCHES<br />

THOMAS SABO<br />

TWA0342 CODE TS<br />

Seiko<br />

SSA393J PRESAGE<br />

Seiko’s Prospex Collection is an adventure<br />

series of watches purposely built for land,<br />

sea and sky. The two new additions are<br />

from the Sea series, and are 200m water<br />

resistant with rotating bezels and stainless<br />

steel cases. Meanwhile, the latest models<br />

from the Presage Collection display the finest<br />

mechanical watchmaking from Japan.<br />

SRPD25K PROSPEX<br />

Duraflex Group Australia<br />

Thomas Sabo’s Code TS watch is characterised by the brand’s<br />

distinctive aesthetic, mixing modern and traditional influences.<br />

At Mondaine, MS1.32110.LD is the latest addition to the<br />

sustainable Essence collection. Meanwhile, the rugged Luminox<br />

XL.1201 is part of the ICE-SAR Arctic 1200 Series, designed for<br />

Icelandic search and rescue teams.<br />

SNJ025P PROSPEX<br />

SSA397J PRESAGE<br />

MONDAINE<br />

MS1.32110.LD<br />

ESSENCE<br />

LUMINOX XL.1201<br />

ICE-SAR ARCTIC<br />

1200<br />

Heart & Grace<br />

Aravis is the first Cluse collection for men. These<br />

sophisticated and stylish watches are leading<br />

Cluse to a whole new audience. Meanwhile, the<br />

latest models from Pierre Lannier continue the<br />

company’s 40-year legacy of elegant, quality<br />

watches at affordable prices, designed and<br />

made in France.<br />

CLUSE<br />

CW0101502004<br />

ARAVIS<br />

PIERRE LANNIER<br />

076G598<br />

LIBERTY<br />

PIERRE LANNIER<br />

224G169 CAPITAL<br />

30 <strong>Jeweller</strong> <strong>July</strong> <strong>2019</strong>


PIERRE CARDIN<br />

6003 CHARLOTTE<br />

InStyle Watches<br />

Pierre Cardin’s new releases feature<br />

beautiful design and function. The<br />

masculine, multifunction Ryan comes<br />

with a sturdy stainless steel band, while<br />

the Mila and Charlotte have mop dials<br />

and floating crystals for an elegant<br />

finish. Perfect for daily wear and<br />

special occasions alike.<br />

PIERRE CARDIN<br />

5985 MILA<br />

PIERRE CARDIN<br />

6014 RYAN<br />

SEVENFRIDAY P1C/01<br />

MAD & Associates<br />

The MeisterSinger Bronze Line No 3<br />

features a brushed bronze case with<br />

striking galvanic blue dial. A single<br />

hand indicates time, doing away<br />

with redundant minutes and<br />

seconds. Meanwhile, the Zürichdesigned<br />

SEVENFRIDAY P1C/01<br />

– the third instalment in the White<br />

Series – features a Corian case, a unique<br />

and non-traditional material.<br />

MEISTERSINGER AM917BR<br />

BRONZE LINE NO 3<br />

Christian Paul<br />

SYDNEY


NEW SEASON WATCHES<br />

CITIZEN BN2036-<br />

14E PROMASTER<br />

MARINE<br />

JOWISSA J5.545.L<br />

FACET WATCH<br />

Citizen<br />

The Promaster series releases new models<br />

designed for travel and adventure across<br />

mountains, oceans and time zones, with water<br />

resistance, accuracy and rugged construction<br />

at their heart. At Bulova, the world’s first curved<br />

chronograph movement makes its debut.<br />

CITIZEN<br />

JY8088-83L<br />

PROMASTER<br />

SKY<br />

Swisstime<br />

This season sees the relaunch of the Glycine Airman, which<br />

dates back to 1953 and was famously worn by US Air Force<br />

pilots and NASA astronauts. Another watch brand with<br />

US military pedigree, Traser, debuts a new model: the OdP<br />

Evolution, which features the brand’s self-powered illumination<br />

technology. And finally, Jowissa offers the chic J5.545.L Facet<br />

Watch, ‘a piece of jewellery that tells the time’.<br />

BULOVA 96B309<br />

CLASSIC<br />

TRASER<br />

109046_P96<br />

ODP EVOLUTION<br />

BULOVA 96A205<br />

CURVED<br />

GLYCINE GL0054<br />

AIRMAN<br />

West End<br />

Collection<br />

From the classic design of Bering and Paul<br />

Hewitt to the cool and colourful Ice-Watch,<br />

the new releases are all about playing to<br />

each watch’s strengths. The most recent<br />

edition to West End’s distribution portfolio,<br />

Claude Bernard, brings Swiss-made quality<br />

to designs for both men and women.<br />

PAUL HEWITT<br />

PH-C-B-BSR-1M<br />

32 <strong>Jeweller</strong> <strong>July</strong> <strong>2019</strong><br />

ICE-WATCH 016977<br />

DUO CHIC CALIFORNIA<br />

CLAUDE BERNARD<br />

10216_3_APN2<br />

DRESS CODE<br />

BERING 11739-797<br />

TITANIUM


GEMS<br />

ORGANIC GEMS PART IV: AMMOLITE<br />

desired and collectable form of these<br />

ancient creatures.<br />

The vivid iridescent sheen of ammolite is<br />

caused by an interference effect, when white<br />

light is refracted and reflected back from the<br />

layered aragonite platelets within the gem’s<br />

structure. The thicker these layers, the more<br />

red and green hues are seen; when layers are<br />

thinner, violet and blue hues dominate.<br />

The pattern, intensity and range of colour<br />

all contribute to the overall value of an<br />

ammolite gem. Green and red are the most<br />

common colours, with blue and violet being<br />

rarer, and therefore more valuable.<br />

Ammolite may be described as either<br />

fractured or sheet. Sheet ammolite is<br />

unbroken, with a continuous movement of<br />

colour across its surface. Fractured ammolite<br />

may have various different patterns and<br />

some have been described with terms such<br />

as ‘dragon skin’, ‘cobblestone’, ‘moonglow’ and<br />

‘paint brush’.<br />

Hundreds of millions of years ago, the<br />

Earth was very different. Little did the<br />

creatures of our planet know, they<br />

would not only be a stepping-stone in<br />

the evolution of life, but also provide<br />

the humans of the future with fabulous<br />

jewellery gems in the form of ammolite.<br />

The process begins with ammonites, marine<br />

invertebrate animals that are now extinct.<br />

They thrived in tropical seas during the<br />

Devonian geological period, beginning<br />

about 400 million years ago, to the close of<br />

the Cretaceous period 66 million years ago.<br />

Ammolite forms when the fossilised shell<br />

of the ammonite is preserved and the<br />

cavities that originally held its soft body<br />

are filled with aragonite – the same mineral<br />

that is responsible for the nacre of pearl<br />

oyster shells.<br />

The resulting organic gem – which<br />

resembles an opal in some ways – is<br />

beautifully coloured, with a wonderful<br />

iridescent sheen.<br />

The ammonites that form ammolite<br />

specifically inhabited a prehistoric inland<br />

subtropical sea that bordered the Rocky<br />

Mountains of northwest America.<br />

As the sea receded, layers of sediment<br />

preserved the shells.<br />

Ammonite shells comprise a number of<br />

minerals including small aragonite platelets,<br />

and depending on the conditions of<br />

deposition, these are often replaced by<br />

pyrite or calcite.<br />

The result is a pseudomorph of the original<br />

shell shape, which may contain beautiful<br />

cavities of crystalline material throughout<br />

the shell‘s structure. Thus ammonites<br />

themselves can make beautiful and<br />

interesting pieces of jewellery.<br />

But it is the ammolite that is the most<br />

THE PATTERN,<br />

INTENSITY AND<br />

RANGE OF COLOUR<br />

ALL CONTRIBUTE<br />

TO THE OVERALL<br />

VALUE OF AN<br />

AMMOLITE GEM.<br />

GREEN AND<br />

RED ARE THE<br />

MOST COMMON<br />

COLOURS, WITH<br />

BLUE AND VIOLET<br />

BEING RARER, AND<br />

THEREFORE MORE<br />

VALUABLE<br />

Because the ammolite layer of the shell is<br />

usually mere fractions of a millimetre in<br />

thickness, most ammolite gems are in fact<br />

composite stones, generally in the form of a<br />

doublet or triplet. The ammolite is adhered<br />

to a dark backing material, usually its matrix<br />

or mother rock.<br />

As the ammolite is thin and fragile, a second<br />

layer, generally a polymer, is added to protect<br />

and stabilise the stone. To enhance the optical<br />

display, a piece of synthetic spinel, quartz or<br />

glass-type material may be placed on top.<br />

Ammolite is a magnificent gemstone with an<br />

incredible history of creation over millions of<br />

years. It is one of the most rare and beautiful<br />

organic minerals for use in jewellery. i<br />

STACEY LIM FGAA BA Design, is a qualified<br />

gemmologist and gemmology teacher/assistant.<br />

She is a jewellery designer, marketing manager<br />

and passionate communicator on gemmology.<br />

For information on gemstones, visit: gem.org.au<br />

<strong>July</strong> <strong>2019</strong> <strong>Jeweller</strong> 33


Behind every gemstone,<br />

there is a fascinating story<br />

waiting to delight clients<br />

around the world. Studying<br />

with GAA brings the<br />

expertise, networking and<br />

confidence to build a solid<br />

career in a multimilliondollar<br />

industry. Joining<br />

one of the most supportive<br />

and passionate professional<br />

communities of gemmologists<br />

in Australia was one of the<br />

best decision I ever made.<br />

Gina Barreto FGAA DipDT<br />

Gemmologist and Diamond Technologist<br />

Diamond<br />

Courses<br />

Practical Diamond Grading &<br />

Diploma in Diamond Technology<br />

Enrolments now open<br />

For more information<br />

1300 436 338<br />

learn@gem.org.au<br />

www.gem.org.au<br />

Be<br />

Confident<br />

Gem-Ed Australia<br />

ADELAIDE BRISBANE HOBART MELBOURNE PERTH SYDNEY<br />

Passionately educating the industry, gem enthusiasts<br />

and consumers about gemstones


BUSINESS<br />

SEO OR SEM: WHICH IS BETTER FOR BUSINESS?<br />

Every business knows the power of<br />

appearing on the first page of Google<br />

search results. LAURA DAWSON explores<br />

which method is best for improving<br />

page rank and converting sales.<br />

When looking to grow, businesses will<br />

almost always invest money into some<br />

kind of online marketing. This often<br />

involves improving a business’ position in<br />

Google searches, which can be done with<br />

either SEO or SEM.<br />

Search-engine optimisation (SEO) is a<br />

process to improve a page’s rank on<br />

Google’s search results by tweaking the<br />

page itself.<br />

SEO may include improving a page’s<br />

loading speed, enhancing the content,<br />

working with images and ensuring it is<br />

optimised for mobile browsing.<br />

SEO is not a paid service per se but,<br />

depending on the competitiveness of<br />

one’s market, a professional company<br />

may be enlisted to get the best results.<br />

This approach is often referred to as<br />

organic search.<br />

Search-engine marketing (SEM), is a form<br />

of advertising and also known as pay per<br />

click marketing, or ‘PPC’. SEM is usually<br />

conducted through Google AdWords and<br />

is the number-one way to immediately<br />

rank first on Google.<br />

SEM requires a strong strategy and ongoing<br />

attention to achieve success without<br />

wasting one’s advertising budget.<br />

Which is better? Well, as with so many<br />

things, it depends. By learning the key<br />

differences between the two, businesses<br />

can make up their own minds and allocate<br />

resources accordingly.<br />

THE BENEFITS OF SEO<br />

Increases website traffic – Think about the<br />

way people conduct online searches ; when<br />

they see a business on the front page, they<br />

probably click on it, right? If one navigates<br />

to the third or fourth page of results, for<br />

example, they might not feel as confident<br />

about the quality of the businesses there.<br />

The point is that when businesses rank<br />

higher on Google, they get more trust from<br />

WHEN<br />

BUSINESSES<br />

RANK HIGHER ON<br />

GOOGLE, THEY<br />

GET MORE TRUST<br />

FROM VISITORS<br />

– A LONG-TERM<br />

SEO STRATEGY<br />

IS GOING TO<br />

DO A LOT MORE<br />

THAN PROVIDE<br />

LEADS; IT’LL<br />

ALSO IMPROVE<br />

A BUSINESS’<br />

REPUTATION<br />

visitors. This increases business credibility.<br />

A long-term SEO strategy is going to do<br />

a lot more than provide leads; it’ll also<br />

improve a business’ reputation.<br />

Improves your website – When using an<br />

SEO strategy, a business is attempting to<br />

make a website the best it possibly can be<br />

so that when Google’s automated search<br />

bots crawl the site and the backlinks, they<br />

find the content to be genuine and useful<br />

for searchers.<br />

If all of the content on a page is keywordrich,<br />

which involves including terms that<br />

people are likely to use when searching,<br />

then Google will rank a page higher in<br />

the results.<br />

Great ROI – when an SEO campaign is<br />

successful and a business occupies that<br />

hallowed first, second or third position<br />

on Google’s search results, there’s no<br />

requirement to pay extra money (advertise)<br />

to maintain that rank. That business will<br />

need to keep up SEO efforts and content<br />

creation but won’t have to pay for every<br />

click to the website.<br />

<strong>July</strong> <strong>2019</strong> <strong>Jeweller</strong> 35


BUSINESS<br />

Broad reach – All the customer research in<br />

the world still won’t predict all of the things<br />

that users will type into a search engine<br />

to find a business or product. Google<br />

gets more than six billion searches a day<br />

and SEO helps pages to rank higher for a<br />

broader range of topics.<br />

Less expensive – A focused SEO strategy is<br />

an ongoing monthly investment but the<br />

costs are far cheaper than an ongoing SEM<br />

strategy. Not to say that SEM doesn’t have<br />

a place in an online strategy as well, but<br />

SEO is cheaper in the long run and provides<br />

lasting results.<br />

THE DRAWBACKS OF SEO<br />

Slow to see results – While it would be<br />

lovely if SEO were effective overnight,<br />

the fact is that it takes time – and effort.<br />

Businesses need to improve their websites,<br />

write content, create valuable backlinks<br />

and develop the kind of web pages that<br />

really perform. Then they have to wait for<br />

Google to recognise this, which can take<br />

weeks or even months.<br />

Very competitive space – Depending on<br />

the industry, there may be many other<br />

companies that are looking for higher page<br />

rankings. Businesses need to be aware<br />

of this and make sure they are adjusting<br />

keywords and maintaining their websites,<br />

or at least employing professionals to<br />

assess their SEO strengths and weaknesses.<br />

Needs a content strategy – One of the<br />

largest elements of successful SEO is<br />

content. Publish regularly and ensure<br />

content is well-written and targeted to a<br />

particular topic. This can be challenging for<br />

smaller businesses but it is not impossible.<br />

Needs regular backlinks – It used to be<br />

possible to go and backlink any old page<br />

to get better SEO results. Google got wise<br />

to that and now requires pages to have<br />

trusted backlinks. Quality is everything.<br />

THE POSITIVES OF SEM<br />

Top Google instantly – The great thing<br />

about paid ads is that they sit above the<br />

organic search results. SEM ads appear<br />

right at the top of the page, and this is<br />

achievable simply by bidding in the PPC<br />

auctions for chosen keywords. When users<br />

search for these keywords, they’ll see the<br />

winning business first.<br />

Next is a map from Google called a<br />

‘Local Pack’. This is an unpaid section and<br />

businesses can appear here if they are<br />

strong in SEO.<br />

Lots of control – SEM means businesses<br />

must create their own ads, which then<br />

go on to appear in Google’s search results.<br />

This gives them a chance to test, tweak and<br />

adjust every detail to get the best results<br />

before launching.<br />

Businesses can also easily adjust the total<br />

amount they want to spend on Google<br />

AdWords and set budgets and limits for<br />

daily spends. They can then cancel at<br />

any time.<br />

Show off your goods – Appearing<br />

organically on page one of Google’s<br />

search results is an advantage but the<br />

listing is still restricted to just text and a<br />

page link. An SEM listing allows businesses<br />

to use Google’s visual product-listing ads<br />

to show off products and services. People<br />

are drawn to colours and imagery, which<br />

means SEM may lead to better results and<br />

more conversions.<br />

Increase your visibility online – New<br />

businesses and those trying to compete in<br />

an established market with new products<br />

or services will need to build awareness<br />

quickly. While an SEO strategy will<br />

broadcast your message over time, SEM<br />

can ensure that people see a business right<br />

now. SEM brings results much faster.<br />

Target like never before – Businesses that<br />

have done their research and, for example,<br />

analysed that their target market is online<br />

mostly between the hours of 7.30pm and<br />

9pm, based in Townsville and searching in<br />

French, on mobile phones, are in luck.<br />

SEM allows marketers to target many<br />

elements via AdWords, including the<br />

location, time, language and demographic<br />

of a preferred audience. Any business<br />

with marketing that is relevant to a<br />

particular time or location will love this<br />

element of SEM.<br />

Split testing for the best ROI – Businesses<br />

can monitor and manage every element of<br />

a campaign with split testing to quickly and<br />

easily find out which ad is more successful.<br />

A PPC campaign will give great results<br />

within a matter of weeks using this testing.<br />

SURE, INVESTING<br />

IN SEM IS A<br />

NO-BRAINER<br />

WHEN GETTING<br />

GOOD RESULTS<br />

BUT SOMETIMES<br />

IT CAN FEEL<br />

LIKE NON-STOP<br />

EXPENDITURE<br />

– THAT’S WHY<br />

CAMPAIGN<br />

MANAGEMENT<br />

IS VITAL<br />

Low-cost leads – The cost of leads always<br />

depends on a range of factors but SEM<br />

provides high quality and low cost leads<br />

to businesses that have organised their<br />

campaigns and honed their messages.<br />

THE CASE AGAINST SEM<br />

Can be very expensive – Businesses that<br />

are not investing sufficient effort into ads<br />

may find that, over time, their AdWords<br />

spend creeps up and up. Also, if they’re<br />

not prudent with keywords – and negative<br />

keywords – costs can escalate with very<br />

little to show for it.<br />

Ongoing investment required – SEM<br />

requires businesses to keep feeding the<br />

beast. Sure, investing in SEM is a no-brainer<br />

when getting good results but sometimes<br />

it can feel like non-stop expenditure. That’s<br />

why campaign management is vital.<br />

Competition can review your campaign<br />

– A final downside of SEM is that any<br />

competitor at any time can reproduce<br />

or steal ad copy from a business, reaping<br />

the benefits of that hard work.<br />

It won’t take much for any cunning<br />

competitor to work out what a business is<br />

doing to fill its sales funnel, especially when<br />

ads are so publicly displayed online.<br />

WHEN BOTH ARE BEST<br />

The simple answer to the question of<br />

whether SEO or SEM is best, is that any<br />

successful online marketing strategy should<br />

use both. However, if there is only budget<br />

for one, then SEM can be a great choice to<br />

begin a campaign – with a view to investing<br />

in SEO after a business has grown some<br />

initial awareness.<br />

SEM is great for giving businesses quick<br />

results and leads. SEO, on the other<br />

hand, is great for building long-term<br />

credibility and for sustaining a business<br />

in the online landscape.<br />

Perhaps the best way to consider these<br />

two important strategies is to think of<br />

SEO as a marathon and SEM as a sprint. i<br />

LAURA DAWSON is<br />

a content specialist at<br />

Kymodo Digital Marketing.<br />

Kymodo.com.au<br />

36 <strong>Jeweller</strong> <strong>July</strong> <strong>2019</strong>


SELLING<br />

THE MARSHMALLOW OR THE MEANIE PANTS?<br />

SALES MANAGERS OFTEN FALL INTO ONE OF TWO ROLES: MARSHMALLOW OR MEANIE PANTS. GRETCHEN GORDON REVEALS<br />

HOW TO AVOID THIS TRAP BY NEVER LOSING SIGHT OF THE MAIN GOAL – GETTING THE ABSOLUTE BEST OUT OF EMPLOYEES.<br />

There is one over-arching thought any leader<br />

of a sales team should keep in mind: it is<br />

your responsibility to push your staff to<br />

greater heights than they would achieve<br />

on their own. If you can’t do this, you are<br />

excess cost.<br />

When it comes to driving employees to<br />

a higher level of performance, too many<br />

times sales leaders are extreme; they either<br />

want to be their salespeople’s friend – the<br />

‘marshmallow’ – or they feel like they have to<br />

be drill sergeants – the ‘meanie pants’.<br />

I recently conducted a webinar for a group<br />

of both new and experienced sales leaders<br />

on this topic. The focus was on accountability<br />

and, as is true with most everything, it taught<br />

that balance is the key; however, I recognise<br />

that it can be difficult to achieve that balance<br />

when it comes to managing people.<br />

There are two ways sales leaders can maintain<br />

balance and avoid being marshmallows<br />

or meanie pants. Firstly, they can set<br />

expectations and secondly, they can become<br />

accountability partners.<br />

HOW TO SET EXPECTATIONS<br />

If everyone knows explicitly what is expected<br />

of them then there won’t be any frustration or<br />

misunderstanding when those expectations<br />

aren’t met. It’s crucial that sales leaders set<br />

expectations about behaviours and activities<br />

early and communicate these effectively,<br />

instead of just focusing on outcomes.<br />

Too often there is a laser focus on outcomes<br />

– that is, the sales numbers generated by<br />

employees – instead of setting in place a plan<br />

of activity that will produce those outcomes.<br />

Set expectations for everything and it will<br />

make your job a lot easier.<br />

This doesn’t mean you have to bark at your<br />

sales reps and dictate every little thing – this<br />

would turn you into a meanie pants. Sales<br />

leaders will have a far greater impact if they<br />

provide guidance about the actions that<br />

employees themselves indicate they are<br />

going to do.<br />

IF EVERYONE KNOWS<br />

EXPLICITLY WHAT<br />

IS EXPECTED OF<br />

THEM THEN THERE<br />

WON’T BE ANY<br />

FRUSTRATION OR<br />

MISUNDERSTANDING<br />

WHEN THOSE<br />

EXPECTATIONS<br />

AREN’T MET<br />

BEING TOO TOUGH DEMORALISES WORKERS<br />

If you have a completely predictable process<br />

and you know what the exact metrics are,<br />

then you can certainly indicate the required<br />

activity to produce the expected result.<br />

If you don’t know for sure what those metrics<br />

are, or should be, then it can be<br />

a collaborative thing.<br />

However, don’t fall into the marshmallow<br />

mentality. If the level of activity isn’t<br />

measurable and precise, or seems too low<br />

or too high, then it is your obligation to veto<br />

it and ask the employee to go back to the<br />

drawing board.<br />

CREATING ACCOUNTABILITY<br />

Rather than being the all-knowing dictator,<br />

position yourself as a loving but fair uncle or<br />

aunt. This way, you will hold your employees<br />

to their plans and goals and you will inspire<br />

them to be better than they would be<br />

without you.<br />

If you refer back to the first key above –<br />

setting expectations – tell employees that<br />

this is your role. Even if they are seasoned<br />

professionals, it is still your job to push them.<br />

If you have done a good job of setting<br />

expectations with regard to outcomes,<br />

behaviours and activities then you will have<br />

your roadmap for being an accountability<br />

partner. Simply hold their feet to the fire to<br />

ensure they deliver on what they said they<br />

would do.<br />

Remember the old adage: what gets<br />

inspected gets respected. Keep it simple and<br />

focus on the items that will impact outcomes.<br />

The key traits of a leader, as it pertains to<br />

accountability, are simple: your beliefs must<br />

support accountability; you mustn’t seek or<br />

need approval from your employees; you<br />

must be willing to ask questions; and you<br />

shouldn’t accept mediocrity.<br />

Taking responsibility and managing both the<br />

pipeline and behaviour are important but less<br />

significant than the above traits.<br />

OVERSIGHT IS NOT A DIRTY WORD<br />

Seasoned staff both want and need oversight.<br />

While you may have total confidence in<br />

them and may default to just letting them do<br />

whatever they choose, recall the mantra that<br />

it is your responsibility to push your sales staff<br />

to greater heights than they would achieve<br />

on their own.<br />

Think about how weird it would be if you<br />

weren’t having regular accountability<br />

meetings with a high-performing salesperson<br />

and then they stumbled. Suddenly they<br />

aren’t producing per usual and you have no<br />

idea why. Wouldn’t it be awkward to start<br />

providing oversight when you hadn’t before?<br />

In reality, not providing oversight and<br />

assuming they’ll “snap out of it” is being a<br />

marshmallow. Consistency and balance on<br />

this point, as well as the others, is key.<br />

You’ll avoid falling into the marshmallowmeanie<br />

pants trap and not only boost<br />

your business but get the most out of your<br />

employees, pushing them beyond their<br />

own expectations. i<br />

GRETCHEN GORDON<br />

owns Braveheart Sales<br />

Performance, a company<br />

helping clients to improve sales.<br />

braveheartsales.com<br />

<strong>July</strong> <strong>2019</strong> <strong>Jeweller</strong> 37


MANAGEMENT<br />

HAPPIER AND MORE PRODUCTIVE LEADERSHIP<br />

SCALING UP A BUSINESS CAN TAKE ITS TOLL ON ONE’S WELLBEING. IN PART ONE OF THIS TWO-PART SERIES, DOUG FLEENER<br />

DETAILS HOW TO CHANGE MINDSET AND MANAGEMENT PRACTICES TO BEAT STRESS AND IMPROVE OUTCOMES.<br />

Over the years, I’ve worked with various<br />

stressed-out owners and managers. Usually<br />

they are smart and dedicated people who<br />

couldn’t work any harder if they tried but<br />

they always feel like they’re getting less<br />

done and falling further behind.<br />

Does this sound familiar?<br />

Chances are there was a time you felt you<br />

had everything under control. It almost<br />

seemed as if your store or company was on<br />

autopilot. For some people, this may not<br />

have been too long ago – while for others<br />

it may be a distant memory.<br />

Everything was all good... and then<br />

something changed. You added more<br />

lines, more stores, more employees or<br />

perhaps fewer employees; your socialmedia<br />

exploded; your foot traffic fell away<br />

or increased and so on.<br />

Change is the one constant in business.<br />

Change is rarely the result of a single<br />

event; it’s instead an evolution driven<br />

by alterations in technology, buying<br />

behaviour, competition and countless<br />

other external and internal forces.<br />

So, are all of these changes the reason<br />

things no longer feel in control?<br />

Not really. It’s not the evolution of your<br />

business that causes you to feel stressed<br />

and overwhelmed; it’s the lack of evolution<br />

in the way you work.<br />

You can’t run a four-store chain the way<br />

you ran a single store<br />

You can’t manage a business that has an<br />

revenue of $2.5 million in the same way<br />

you ran a store with only $500,000 revenue.<br />

Also, you can’t run your business like you<br />

did three years ago.<br />

Too much has changed and if you’re feeling<br />

overwhelmed then there’s a good chance<br />

that you haven’t changed with it. The<br />

good news is that you can jumpstart that<br />

evolution right now.<br />

FOUR WAYS TO CHANGE<br />

Let’s look at four key areas that can<br />

help you be a more productive and<br />

happier leader.<br />

Accept that your work will rarely be<br />

done – Let’s agree that it is nearly<br />

impossible to get everything done in<br />

this always-on, always-wired, 24/7 world.<br />

I always joke that I became more successful<br />

when I started keeping a ‘to-don’t’ list<br />

instead of a ‘to-do’ list.<br />

At the end of the day, we just have to<br />

accept that some things will have to carry<br />

over to be done at another time or maybe<br />

they’ll never get done at all.<br />

Time management is neither the problem<br />

nor the solution – Unless you’ve got a<br />

time machine in your office, just take time<br />

management off the table.<br />

Of course, if you do have a time<br />

machine, please let me know because<br />

I have a few things that happened in<br />

my twenties that I’d like to go back and<br />

change... but I digress.<br />

There can be no blaming a lack of time for<br />

being overwhelmed. We all have the same<br />

number of hours in a day.<br />

What you have to manage is not time,<br />

but priorities – It’s about making the right<br />

choices regarding where you focus your<br />

energy and effort. Managers can make two<br />

mistakes when it comes to this.<br />

The first is doing what they want to do,<br />

not what they need to do. It’s human<br />

nature to gravitate to the things we like<br />

or do well and sometimes these are<br />

aligned with our priorities, but sometimes<br />

they’re not.<br />

The second is letting employees and<br />

outside forces dictate priorities.<br />

This happens more than people realise.<br />

Leaders have to manage priorities like a<br />

full-back holds on to a football.<br />

MANAGING PRIORITIES IS MORE IMPORTANT THAN MANAGING TIME<br />

IT IS NEARLY<br />

IMPOSSIBLE TO<br />

GET EVERYTHING<br />

DONE IN<br />

THIS ALWAYS-ON,<br />

ALWAYS-WIRED,<br />

24/7 WORLD –<br />

I ALWAYS<br />

JOKE THAT I<br />

BECAME MORE<br />

SUCCESSFUL<br />

WHEN I STARTED<br />

KEEPING A ‘TO-<br />

DON’T’ LIST<br />

It doesn’t mean you’re not available when<br />

needed but you should be the one who<br />

decides when something else should take<br />

precedence over your priorities.<br />

Delegating isn’t enough – Although most<br />

managers and owners could increase<br />

delegation to their staff, this is not the<br />

cure-all that most people think it is.<br />

I can’t tell you how many times an owner<br />

or manager has told me he or she needs<br />

to delegate more, which always makes me<br />

think, ‘So do it!’<br />

I’m sure it wouldn’t hurt to distribute<br />

some of the tasks you’re doing that are<br />

keeping you from your priorities but the<br />

biggest reason to delegate is to have<br />

more engaged staff.<br />

It really isn’t going to have much impact on<br />

your own levels of stress.<br />

There’s a fifth critical element I’ll explore<br />

next month. In the meantime, think about<br />

the actions you can take now that will result<br />

in a more productive and happier you. i<br />

DOUG FLEENER is<br />

president and managing<br />

partner of Sixth Star<br />

Consulting. dougfleener.com<br />

38 <strong>Jeweller</strong> <strong>July</strong> <strong>2019</strong>


MARKETING & PR<br />

WHEN CUSTOMER SERVICE IS UNSHACKLED<br />

IT’S NOT ENOUGH FOR A BUSINESS TO OFFER CUSTOMER SERVICE – IT SHOULD BE CUSTOMER-CENTRIC FROM THE TOP DOWN.<br />

BARRY URQUHART EXPLORES HOW CORPORATE CULTURE MUST EVOLVE TO PUT CUSTOMER-SERVICE SKILLS FIRST.<br />

Customer service skills are easy to master<br />

but they are impeded and compromised in<br />

many instances by inadequate, superficial and<br />

narrowly-focused corporate cultures.<br />

Delegating authority improves morale,<br />

contributes to staff loyalty, stabilises team<br />

compositions and reassures customers that<br />

they are dealing with people who have the<br />

Well-scripted mission statements and brand<br />

philosophies on office walls are insufficient<br />

and often misleading. This is because they<br />

seldom articulate the underlying driving force<br />

that makes things happen in a business.<br />

capacity to resolve issues to their satisfaction.<br />

The manner and speed in which product<br />

returns take place, and in which quality<br />

issues and service deficiencies are addressed,<br />

are key indicators of the degree to which a<br />

Considerable resources and funds are<br />

channelled into processes that reduce costs<br />

and enhance internal efficiency – at the<br />

expense of customer and client satisfaction.<br />

IN RETAIL, CUSTOMER SERVICE COMES FIRST<br />

service-oriented corporate culture prevails.<br />

For some, following up with customers is<br />

time-consuming and does not necessarily<br />

generate additional revenue.<br />

Under-utilised customer skills often remain<br />

unrecognised; employees go unsupported<br />

and improvements are not implemented.<br />

Frequently, the importance of customer<br />

service may be appreciated on a superficial<br />

level – but it often remains unrealised, to the<br />

dismay of front-line service providers.<br />

THE PERSONAL TOUCH<br />

Customer and client satisfaction is determined<br />

by, and measured against, expectations, as<br />

well as first impressions.<br />

Automated telephone systems remain a<br />

source of frustration and dissatisfaction,<br />

mostly because there’s no way to bypass prerecorded<br />

messages and get access to actual<br />

service professionals.<br />

By the time a customer reaches a person, it<br />

can be difficult for staff to recover from the<br />

anxiety and frustration that customer feels.<br />

The ability of staff to neutralise such emotions<br />

is important but this falls a long way short<br />

of creating customer satisfaction – let<br />

alone delight. A case in point is the recent<br />

declaration by Centrelink that telephone waittimes<br />

have been significantly reduced... to ‘just’<br />

17 minutes!<br />

Against the benchmark of service excellence<br />

– when incoming calls are answered within<br />

three rings – it is little wonder that customers<br />

are reluctant to call.<br />

HAVING HIGHLY-<br />

TRAINED, QUALIFIED<br />

TEAM MEMBERS<br />

WHO POSSESS<br />

GREAT PRODUCT<br />

KNOWLEDGE<br />

COUNTS FOR<br />

LITTLE IF THEY ARE<br />

INSUFFICIENT IN<br />

NUMBERS AND<br />

CAN’T READILY BE<br />

FOUND ON THE<br />

SHOP FLOOR<br />

SERVICE BEGETS PERFORMANCE<br />

Even if staff have excellent service skills,<br />

an inadequate corporate culture will<br />

compromise customer-service standards.<br />

Department stores throughout Australia are<br />

reporting losses in sales, profits and market<br />

share. The response from senior management<br />

has been to declare a commitment to<br />

customer-focused endeavours, including<br />

increased training in customer service.<br />

Such utterances again fall well short, as<br />

do the number of available and accessible<br />

service providers.<br />

The consumer perception of the Australian<br />

department-store sector is that it is difficult<br />

to find staff when visiting stores. Having<br />

highly-trained, qualified team members who<br />

possess great product knowledge counts for<br />

little if they are insufficient in numbers and<br />

can’t readily be found on the shop floor.<br />

There is a universal need for all seniorexecutive<br />

and non-executive ranks to<br />

champion customer service delivery.<br />

ONE TOUCH ONLY<br />

A need for staff to refer matters to another<br />

person or department mars the customer<br />

experience and diminishes the chances of<br />

them becoming a long-term advocate of<br />

the business.<br />

Moreover, businesses are frequently reluctant<br />

to expose themselves to expressions of<br />

dissatisfaction from customers – but some<br />

things are better to know first-hand. Thirdparty<br />

complaints are difficult to manage and<br />

impossible to contain.<br />

It remains true that open, two-way<br />

communication is a key characteristic for<br />

sustaining client satisfaction and loyalty.<br />

DON’T COMPROMISE COMMITMENT<br />

With service excellence there is no place<br />

to hide. Training should involve senior<br />

management and board members, and<br />

active participation is essential.<br />

At the very least, participants should be<br />

able to present considered action plans to<br />

senior executives and non-executives at the<br />

conclusion of the training programme. They<br />

will feel rewarded and be reassured that they<br />

have been heard.<br />

In the new retail environment, customerservice<br />

initiatives are particularly relevant and<br />

businesses should ensure all endeavours are<br />

universally embraced and applied. i<br />

BARRY URQUHART<br />

is managing director of<br />

Marketing Focus and an<br />

international keynote speaker.<br />

marketinginfocus.net.au<br />

<strong>July</strong> <strong>2019</strong> <strong>Jeweller</strong> 39


LOGGED ON<br />

BIGGER ISN’T BETTER IN CONTENT MARKETING<br />

WRITING FOR THE WEB IS ALL ABOUT USING ACCESSIBLE LANGUAGE. GRAHAM JONES WARNS RETAILERS NOT TO GET BOGGED<br />

DOWN IN BUSINESS SPEAK WHEN CREATING THEIR DIGITAL CONTENT, EVEN IF THEY THINK IT SOUNDS IMPRESSIVE TO READERS.<br />

If Little Red Riding Hood were reading<br />

much of the material on the web these<br />

days, she’d say, “My goodness Grandma,<br />

what big words you’re using!”<br />

Wherever you look, the internet contains<br />

massive words. Why? Business writing<br />

makes up the bulk of content marketing<br />

and the language of corporations is formal,<br />

stuffy and full of long words.<br />

There exists a belief that corporate writing<br />

appears more professional and that<br />

anything else could make a business seem<br />

low-key and less important.<br />

and straightforward, it is easier to follow.<br />

That’s the same with writing.<br />

Evidence shows that short sentences are<br />

easier to grasp than long sentences. Short<br />

paragraphs make a piece flow better and<br />

short words are easier to understand than<br />

long ones.<br />

However, businesses still believe that being<br />

formal is an important brand value as it<br />

shows how serious they are. In fact, it has<br />

the opposite effect; it can cause people to<br />

abandon what they are reading, sometimes<br />

because they find the author showy.<br />

USING APPROACHABLE LANGUAGE HELPS CONNECT WITH READERS<br />

The problem is that readers slow down<br />

when they see big words. This can lead to<br />

misunderstanding or failure to absorb the<br />

content and messages – even if readers<br />

make it through to the end of the article.<br />

Mostly, people just give up when they<br />

see long words; they can’t be bothered to<br />

waste their time.<br />

It’s not just big words that dominate the<br />

internet but long sentences too. Again,<br />

businesses seem to think that long<br />

sentences with plenty of sub-clauses will<br />

make them appear more professional. This<br />

is also true of poor writers.<br />

Inevitably, the opposite perception is<br />

formed whereby readers might think that<br />

people who use long words are distant and<br />

not very clever – just trying to impress.<br />

A study completed more than ten years<br />

ago at Princeton University showed us that<br />

the unnecessary use of long words created<br />

more problems than it solved.<br />

The researchers found that readers<br />

believed a writer was smarter if the writing<br />

was simple than when the words were<br />

unnecessarily long and complicated.<br />

KISS YOUR READERS<br />

‘Keep it simple, stupid’ (KISS) is one of<br />

the most popular acronyms in marketing. It<br />

is the idea that if something is simple<br />

Here are five things you can do to make sure<br />

your content grabs readers and keeps them<br />

believing in your business:<br />

Write as you speak – Forget those clunky<br />

rules about grammar. When we talk, we tend<br />

to use simpler words, shorter sentences and<br />

we regularly break grammar rules.<br />

This doesn’t mean you should ignore correct<br />

grammar but it means you can bend the<br />

rules without worrying too much. If you use<br />

a service like Grammarly, be sure to set the<br />

style to ‘informal’ and the domain to ‘casual’.<br />

This helps you connect with your readers.<br />

Read your content out loud – When you’ve<br />

finished writing your content, reading it<br />

aloud will help you to concentrate and spot<br />

mistakes more easily. If you struggle to read<br />

it aloud or stumble, then it’s clear that the<br />

writing is too complicated. Change it!<br />

Check the reading age of your content – Use<br />

your computer’s grammar-checking tool to<br />

calculate the reading score of your writing.<br />

Alternatively, go to the Readability Test Tool<br />

online and paste in your text. Look for the<br />

figure shown as the Flesch-Kincaid score.<br />

Add five to that score – this is the age at<br />

which a child can read what you have<br />

written. Aim for a Flesch-Kincaid score of<br />

between five and seven, which means your<br />

writing is suitable for readers aged 10 to 12<br />

and higher.<br />

RESEARCHERS<br />

FOUND THAT<br />

READERS<br />

BELIEVED A<br />

WRITER WAS<br />

SMARTER IF<br />

THE WRITING<br />

WAS SIMPLE<br />

THAN WHEN THE<br />

WORDS WERE<br />

UNNECESSARILY<br />

LONG AND<br />

COMPLICATED<br />

Research shows this is the score most<br />

suitable for quick reading, which everyone<br />

does on online. You are not dumbing it down<br />

– you’re making your writing more accessible.<br />

Just go with it – Set aside the notion that<br />

verbose writing is more professional. Use<br />

short words and engage more readers. You’ll<br />

communicate your messages more clearly<br />

and encourage more interaction, such as<br />

extra sharing on social media. Eventually,<br />

you’ll realise that you are achieving more by<br />

being ‘less professional’ in your writing.<br />

Read more – Read the most popular blogs in<br />

your sector, then read the online version of a<br />

popular newspaper. These top publications<br />

all use simple language. If you read them<br />

regularly, you’ll start to write like them.<br />

The best content on the web uses simple,<br />

approachable language consisting of short<br />

words and sentences. If you insist that you<br />

must use ‘business speak’, you risk making<br />

your content inaccessible and also risk readers<br />

switching off, which is the exact opposite of<br />

what we’re trying to do online. i<br />

GRAHAM JONES studies<br />

online behaviour and<br />

consumer psychology to help<br />

businesses improve website<br />

success. grahamjones.co.uk<br />

40 <strong>Jeweller</strong> <strong>July</strong> <strong>2019</strong>


MY STORE<br />

THE WEARER<br />

LOCATION: London, UK<br />

NAME: Rachel Richards<br />

POSITION: Owner<br />

When was the space completed? Three<br />

years ago, in May 2016.<br />

Who is the target market and how did<br />

they influence the store design? My<br />

customers tend to be those that really<br />

value independent design, so I wanted<br />

to create quite a minimal space and let<br />

the jewellery do the talking – although<br />

my limited budget had a lot to do with<br />

that choice too! I went for a very pared<br />

back look, using clean plywood tabletops<br />

and copper piping details. <strong>Jeweller</strong>y is<br />

displayed on raw, cut marble blocks. It<br />

has quite a youthful appeal and the fitout<br />

makes it a welcoming space where<br />

customers don’t feel too nervous to<br />

browse. Although some items are under<br />

glass, we leave a lot of our jewellery where<br />

it can be picked up and tried on. This made<br />

me feel anxious at first but it’s the easiest<br />

way to start a conversation and ultimately<br />

convert sales.<br />

With the relationship between store<br />

ambience and consumer purchasing<br />

in mind, which features in the store<br />

encourage sales? Because of the tiny<br />

size of the store, the ambience is really<br />

driven between the staff member and<br />

customer. There is always only one of us<br />

in at a time. Any more, and we wouldn’t<br />

fit the customers in too! The key thing is,<br />

we’re all jewellery addicts and can talk<br />

enthusiastically about each if the designers<br />

in the shop. I curated the selection myself<br />

and it’s important to me to have personal<br />

relationships with each of the designers<br />

we work with. Karina and Sarah, who work<br />

with me in the store, are designer-makers<br />

and we stock their designs. It really helps<br />

our customer fall in love with the product<br />

when you have that level of understanding<br />

of the creative process behind each piece.<br />

What is the store design’s ‘wow factor’?<br />

The ‘wow’ factor is being discovered! The<br />

store is so teeny and we’re tucked away<br />

down a side street. Often a new customer<br />

will stumble across us by chance. It’s that<br />

palpable expression of delight that I love;<br />

their excitement at finding this little gem of<br />

a jewellery box! i<br />

<strong>July</strong> <strong>2019</strong> <strong>Jeweller</strong> 41


10 YEARS AGO<br />

WHAT WAS MAKING NEWS 10 YEARS AGO?<br />

A SNAPSHOT OF THE INDUSTRY EVENTS THAT MADE NEWS HEADLINES IN THE JULY 2009 ISSUE OF JEWELLER.<br />

JWNZ says money “intact”<br />

The story: The <strong>Jeweller</strong>s and Watchmakers of New<br />

Zealand (JWNZ) has confirmed that nearly $20,000<br />

raised eight months ago to assist local apprentices will<br />

remain in a term deposit and will not be distributed<br />

because of the global financial crisis.<br />

In a letter received in response to last month’s<br />

story; ‘Kiwis say, “Show me the money”,’ JWNZ<br />

executive secretary Craig Anderson wrote, “Due<br />

to the present economic climate and interest rates,<br />

the JWNZ National Council was unanimous in its<br />

decision to keep the funds raised intact. Placed on<br />

term deposit last October the principal and interest<br />

Pandora HQ buys<br />

stake in Aussie arm<br />

The story: Danish company Pandora<br />

Holdings A/S will acquire a 60 per cent stake<br />

in Australian distributor Pandora Jewelry after<br />

nearly five years of incredible growth.<br />

Karin Adcock – who established the Australian<br />

agency for Pandora Jewelry in Australia<br />

alongside her husband Brook in 2004 –<br />

stressed that day-to-day operations would not<br />

change as a result of the sale.<br />

“The existing management teams will actually<br />

be empowered with additional benefits,”<br />

Adcock said.<br />

received has since<br />

been reinvested.”<br />

Anderson denied<br />

rumours of misuse<br />

but confirmed the money had not been placed in a<br />

Trust. JWNZ is yet to clarify if or when the funds will<br />

be spent, nor addressed the assertion that it hadn’t<br />

submitted its 2008 statutory annual return.<br />

When <strong>Jeweller</strong> contacted JWNZ President Susi<br />

Chinnery-Brown for further clarification, she<br />

challenged <strong>Jeweller</strong>’s right to report on the matter, and<br />

hung up the phone.<br />

SWATCH ANGER CONTINUES<br />

The story: Swatch has responded to a<br />

chorus of criticism from retail jewellers<br />

over its “arrogance”, lack of service and<br />

sub-standard support.<br />

The controversy was sparked when<br />

Dennis Coleman from Balwyn <strong>Jeweller</strong>s<br />

in Melbourne went public about<br />

his dissatisfaction with Swatch in a<br />

previous issue of <strong>Jeweller</strong>.<br />

Shain Forth, of Leon Baker <strong>Jeweller</strong>s in<br />

Geraldton, WA, has since revealed he is<br />

ceasing to sell Tissot due to problems<br />

with repairs, while Scott Godfrey from<br />

House of Fraser in Castle Hill, NSW,<br />

added: “Their customer service is<br />

appalling and the communication is<br />

almost non-existent.”<br />

Megan Parker, managing director<br />

Swatch Australia, defended the<br />

organisation, telling <strong>Jeweller</strong>, “I was<br />

disappointed to read the letters<br />

published so far... We certainly<br />

want to offer exceptional customer<br />

service whether it relates to the<br />

way that we sell watches through<br />

jewellers, or in particular related to<br />

the after sale service.”<br />

She added, “I would like to say that<br />

I hope that moving forward we look<br />

after every customer in the best<br />

possible way.”<br />

Ascot Four (Zamel’s) appeal dismissed<br />

The story: The Federal Court has dismissed an appeal<br />

made by Ascot Four, the former owners of the Zamel’s<br />

jewellery chain, against 11 charges brought by the<br />

Australian Competition and Consumer Commission<br />

(ACCC) in December 2006. According to a release from<br />

the ACCC, the Full Court unanimously dismissed the<br />

appeal on May 26, 2009 and ordered Ascot Four to pay<br />

the ACCC’s costs.<br />

Ascot Four was found to have falsely represented that<br />

the purchase of 11 items advertised in the Zamel’s<br />

Christmas 2005 catalogue would have resulted in a<br />

saving of the difference between the sale price and the<br />

strike-through price. This breached section 75AZC(1)(g)<br />

of the Trade Practices Act 1974, which prohibits false or<br />

misleading representations being made in relation to<br />

the price of goods.<br />

42 <strong>Jeweller</strong> <strong>July</strong> <strong>2019</strong>


EVENTS<br />

JEWELLERY AND WATCH CALENDAR<br />

A GUIDE TO THE LOCAL AND INTERNATIONAL JEWELLERY AND WATCH EVENTS SCHEDULED TO TAKE PLACE IN THE YEAR AHEAD.<br />

JULY <strong>2019</strong><br />

WINTON OPAL TRADESHOW<br />

Winton, Australia<br />

<strong>July</strong> 12 – 13<br />

qboa.com.au<br />

SEPTEMBER <strong>2019</strong><br />

INTERNATIONAL<br />

JEWELLERY LONDON<br />

London, UK<br />

September 1 – 3<br />

jewellerylondon.com<br />

HONG KONG JEWELLERY<br />

& GEM FAIR<br />

Hong Kong, China<br />

September 16 – 29<br />

exhibitions.jewellerynet.com<br />

OCTOBER <strong>2019</strong><br />

NOVEMBER <strong>2019</strong><br />

VIETNAM INTERNATIONAL<br />

JEWELRY FAIR<br />

Ho Chi Minh City, Vietnam<br />

November 14–18<br />

Learn more: vietnamjewelryfair.com/en<br />

LIGHTNING RIDGE OPAL<br />

& GEM FESTIVAL<br />

Lightning Ridge, Australia<br />

<strong>July</strong> 24 – 27<br />

lightningridgeopalfestival.com.au<br />

HONG KONG WATCH<br />

& CLOCK FAIR<br />

Hong Kong, China<br />

September 3 – 7<br />

m.hktdc.com/fair/hkwatchfair-en/<br />

SHANGHAI WORLD JEWELRY<br />

EXPO <strong>2019</strong><br />

Shanghai, China<br />

October 10 – 13<br />

Learn more: newayfairs.com/EN<br />

CHINA INTERNATIONAL<br />

JEWELLERY FAIR<br />

Beijing, China<br />

November 14–18<br />

Learn more: newayfairs.com/EN<br />

AUGUST <strong>2019</strong><br />

w<br />

AUSTRALIAN OPAL<br />

EXHIBITION<br />

Gold Coast, QLD<br />

August 1 – 2<br />

austopalexpo.com.au<br />

INDIA INTERNATIONAL<br />

JEWELLERY SHOW<br />

Mumbai, India<br />

August 9 – 12<br />

iijs.org<br />

INTERNATIONAL<br />

JEWELLERY FAIR<br />

Sydney, Australia<br />

August 24 – 26<br />

jewelleryfair.com.au<br />

JAPAN JEWELLERY FAIR<br />

BIJORHCA PARIS<br />

Paris, France<br />

September 6 – 9<br />

bijorhca.com<br />

VICENZAORO<br />

Vicenza, Italy<br />

September 7 – 11<br />

vicenzaoro.com/en<br />

PALAKISS VICENZA<br />

SUMMER SHOW<br />

Vicenza, Italy<br />

September 7 – 11<br />

palakisstore.com<br />

BANGKOK GEMS<br />

& JEWELRY FAIR<br />

Bangkok, Thailand<br />

September 10 – 12<br />

bkkgems.com<br />

BHARAT DIAMOND WEEK<br />

Mumbai, India<br />

October 14 – 16<br />

bharatdiamondweek.com<br />

INTERNATIONAL JEWELLERY<br />

TOKYO AUTUMN<br />

Yokohama, Japan<br />

October 23 – 25<br />

ijt-aki.jp<br />

INTERNATIONAL<br />

JEWELLERY & WATCH<br />

SHOW<br />

Abu Dhabi, United Arab Emirates<br />

October 26–30<br />

Learn more: jws.ae<br />

MALAYSIA INTERNATIONAL<br />

JEWELLERY FESTIVAL<br />

Kuala Lumpar, Malaysia<br />

November 15 – 18<br />

Learn more: mij.com.my<br />

CHINA INTERNATIONAL<br />

GOLD, JEWELLERY & GEM<br />

FAIR SHANGHAI<br />

Shanghai, China<br />

November 28 – December 1<br />

Tokyo, Japan<br />

August 28 – 30<br />

japanjewelleryfair.com/en<br />

SHENZHEN INTERNATIONAL<br />

JEWELLERY FAIR<br />

Shenzhen, China<br />

September 12 – 16<br />

newayfairs.com/EN<br />

<strong>July</strong> <strong>2019</strong> <strong>Jeweller</strong> 43


MY BENCH<br />

Stephen Dickins<br />

WORKS AT: London<br />

Court, Perth<br />

AGE: 56<br />

YEARS IN TRADE: 40<br />

TRAINING: 4.5-year<br />

apprenticeship, 1st, 2nd, and<br />

3rd year Trade Certificate.<br />

FIRST JOB: Max Wilson<br />

<strong>Jeweller</strong>s in Palmerston North,<br />

New Zealand.<br />

Favourite gemstone: I have<br />

no real favourite, but I like a<br />

top-quality Tanzanite because<br />

of the rarity and colour depth.<br />

Plus you can get them in a<br />

large size. They’re a setter’s<br />

nightmare, but worth it!<br />

Favourite metal: Platinum,<br />

because even thought it is the<br />

most difficult metal to handmake<br />

with, it pre-polishes<br />

brilliantly. You can use hard<br />

platinum solder throughout<br />

the make.<br />

Favourite tool: The PUK<br />

welding machine. It allows<br />

you to set up, move and re-set<br />

up pieces knowing they won’t<br />

move when soldering.<br />

Best part of job: The final<br />

polishing after many hours<br />

of working.<br />

Worst part of job: It really<br />

depends; melting the metal,<br />

rolling, soldering, filling,<br />

shaping, emering and<br />

polishing all have their<br />

own obstacles!<br />

Best tip to a jeweller: Just<br />

because you haven’t been<br />

shown how to do something,<br />

it doesn’t mean you can’t do<br />

it. I’m self-taught in a lot of<br />

things, and I’m always asking<br />

questions to improve my skills.<br />

Biggest health concern on<br />

the bench: Eyes. I increase the<br />

focus by having many visor<br />

headsets available.<br />

Love jewellery because: The<br />

satisfaction I get when I make<br />

a close to perfect piece of<br />

jewellery. It makes the client<br />

happy knowing they will have<br />

something that will be passed<br />

down through their family. i


SOAPBOX<br />

ACCESSING SPARE PARTS IS THE WORST<br />

PART OF THE WATCH INDUSTRY<br />

The big brands want us watchmakers<br />

to repair their watches, but they make<br />

getting the necessary spare parts<br />

maddeningly difficult, prohibitively<br />

expensive, or completely impossible.<br />

I’ve been repairing watches since I was 15,<br />

and in those days you could repair virtually<br />

any watch that came in the shop, because<br />

there were multiple spare parts retailers with<br />

a full range, and everyone was happy to sell<br />

you parts.<br />

Today, the likes of Omega and Rolex won’t<br />

sell parts to anyone who’s not a stockist. Even<br />

Swatch has this policy. For example, if my<br />

customer wants a replacement watchband,<br />

Swatch won’t even sell me a plastic one<br />

because I’m not a stockist!<br />

There’s a reason policies like this were<br />

introduced. Rolex was one of the first to insist<br />

that in order to get spare parts, you had to<br />

exchange the old ones. That was there to<br />

show them you weren’t repairing fake Rolexes.<br />

Omega kept on changing the ground rules;<br />

first you couldn’t go in and buy spare parts<br />

over the counter, then you had to fax your<br />

order in, then they said parts couldn’t be<br />

picked up and had to be posted out to you.<br />

Then they brought in a minimum charge<br />

of $25 for every spare parts order – it didn’t<br />

matter if it was a dollar, $10 or $10,000. Now,<br />

they won’t sell anything.<br />

Again, I can see why they’ve made these<br />

changes – they can see that there are only<br />

a handful of watchmakers left, and they’re<br />

worried that amateurs will get access to<br />

their parts.<br />

Other brands make the prices so high that it’s<br />

not worth it for independent watchmakers<br />

to do the repair. Even when the parts are<br />

available, they are only for the newer models.<br />

In reality, big brands want the watches sent<br />

back to them for repair. But that too is a<br />

problem; Omega has the option to send your<br />

watch overseas – sometimes to Switzerland,<br />

sometimes to Hong Kong – for repair. Often,<br />

the customer doesn’t know that.<br />

When a watch is sent in, the big<br />

manufacturers have a policy that if the<br />

luminosity on the hands is a bit off-colour, the<br />

hands need to be changed; every time you<br />

open the watch, the back seal needs to be<br />

changed; every time you service the watch<br />

you need to change the crown or the seal.<br />

They’d argue that the work is needed to bring<br />

the watch back to new standard, but the<br />

customers that come into my store with their<br />

vintage watches don’t want these changes!<br />

On the more common models, the big brands<br />

will rip the inside out and put a whole new<br />

movement inside, so in reality the customer<br />

doesn’t really get their own watch back.<br />

The consumer loses out on price, too. I’ve<br />

seen people come in with a repairs quote<br />

from Omega for $2,000. Even a basic service<br />

can be $1,000, whereas an independent<br />

watchmaker might charge $300 or $400<br />

and the customer can decide exactly what<br />

needs to be fixed or changed. The customer<br />

deserves the option of paying a less ridiculous<br />

price, especially if the work isn’t needed.<br />

There are other unintended consequences<br />

too – one of which is the grey market online.<br />

I HAVE TO FIND<br />

SOURCES IN<br />

SWITZERLAND OR<br />

AMERICA, WHEN<br />

IN REALITY IT<br />

SHOULDN’T BE<br />

THIS DIFFICULT FOR<br />

AN EXPERIENCED,<br />

QUALIFIED<br />

WATCHMAKER<br />

TO ACCESS THESE<br />

SPARE PARTS<br />

Admiring luxury watches is a huge hobby<br />

these days, and there are collectors who will<br />

buy spare parts on eBay and try to do the<br />

repairs themselves.<br />

Recently, a customer came in to have his Seiko<br />

repaired; I contacted Seiko and they were<br />

unable to supply the parts, as the model had<br />

been discontinued. I gave my customer the<br />

calibre number and he came in a week later<br />

with the part. He’d bought it online from a<br />

London seller for £20.<br />

I’m often forced to order parts from overseas<br />

myself; I have to find sources in Switzerland<br />

or America, when in reality it shouldn’t be<br />

this difficult for an experienced, qualified<br />

watchmaker to access these spare parts.<br />

Meanwhile, there are local authorised stockists<br />

who on-sell parts to suppliers through the<br />

back door, at a premium – then the suppliers<br />

on-sell to watchmakers for double that price.<br />

For the non-luxury and micro watch brands,<br />

they don’t keep any spare parts at all and<br />

there’s no support from the distributor. That<br />

was a big problem with Lion Brands, who<br />

have now closed. And don’t get me started on<br />

watches that aren’t available in Australia!<br />

Getting parts is a constant battle. Many<br />

jewellers now don’t even take watch repairs,<br />

and this is one of the big reasons: they just<br />

don’t want the headache. Sadly, it stops<br />

people wanting to become watchmakers. i<br />

Name: Dennis Coleman<br />

Business: Balwyn <strong>Jeweller</strong>s<br />

Position: Owner and watchmaker<br />

Location: Balwyn, VIC<br />

Years in the industry: 51 years<br />

46 <strong>Jeweller</strong> <strong>July</strong> <strong>2019</strong>


Where passion meets creativity<br />

Immerse yourself in a world of spectacular, original jewellery at the <strong>2019</strong> International <strong>Jeweller</strong>y & Watch Fair.<br />

Be inspired by excellence in creativity of the latest designs and the passion in workmanship. See the latest global trends,<br />

seek new business opportunities and gain knowledge from industry insights. Talk with the experts and select from<br />

thousands of stunning pieces, just right for your business. Register to attend today at www.jewelleryfair.com.au.<br />

INTERNATIONAL<br />

J E W ELLERY & WATCH FAIR<br />

August 24 > 26, <strong>2019</strong><br />

ICC Sydney > Exhibition Centre > Darling Harbour<br />

Organised by<br />

WWW.JEWELLERYFAIR.COM.AU


PinkKimberley.com.au<br />

E pink@samsgroup.com.au W samsgroup.com.au P 02 9290 2199<br />

SAMS GROUP<br />

AUSTRALIA

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

Saved successfully!

Ooh no, something went wrong!