FRESH INDUSTRY NEWS AND PRESS RELEASES

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Signature IIJS 2016 Draws 15,000 Visitors

 

(Press Release) MUMBAI, INDIA – The Gems & Jewellery Export Promotion Council (GJEPC) helped kick off the buying season with the ninth edition of Signature IIJS and the third edition of the India Gem & Jewellery Machinery Expo (IGJME). Each event was held from Feb. 5-8 at the Bombay Exhibition Centre.

Addressing the inaugural session, GJEPC Chairman Praveenshankar Pandya said: “India's predominant leadership position in diamonds is known world over. Business expertise and craftsmanship in diamonds and jewelry is inherent to the trade, passed through generations, that makes it unique. With 3 million workforce employed directly, industry accounts for 13 percent to the merchandise exports. This is a true testimony of make in India. In spite of sluggish global demand, and rough diamond prices affecting the profitability, there is fair amount of optimism for the coming season. GJEPC has urged the government with recommendations in the policy to enhance ease of doing business, with special turnover tax regime for the trade, interest subvention scheme & MIES, sale through SNZ, VAT and state SEZ policy. GJEPC has been proposing for a convention centre in Mumbai, which is the need of the hour. The Council also aims to integrate the SME manufacturers of gold and diamonds under one roof in state-of-the-art Jewellery Park. We are committed to continue the market leadership both in diamonds and jewelry.”

Shri Subhash Desai, Hon. Minister of Industries, Maharashtra Government, said: “The gems and jewelry trade is a jewel in India’s crown and initiatives such as Bharat Diamond Bourse, the world’s largest diamond business hub, put Maharashtra in the forefront in the global gems and jewelry business. The new Government’s approach is different and progressive and we are serious about stimulating ease of business. We are engaging bureaucracy to reduce clearances/ permits, end Inspector Raj and harassment. Our strength is our skilled manpower and we are taking steps to enhance skill development and employability. We are working closely with bodies such as GJEPC to revise SEZ policies; create an Industrial Park soon and an international convention centre in the State.” Shri Manoj Dwivedi, Joint Secretary, Union Ministry for Commerce, said, “India’s gems and jewelry trade is dynamic, innovative and hardworking and that’s how it has achieved 70-80 percent of the world leadership in key business segments. The two events Signature IIJS and IGJME cover the entire gamut of the industry. The Government of India is very keen to promote the gems and jewelry sector because of the twin benefits of employment generation and enhancing export earnings. We hope Maharashtra State provides a good eco-system to the gems and jewelry businesses so as to help realize the potential.”

Shri Andrey Zharkov, President, Alrosa (Russia Federation), said: “It’s a great honor to jumpstart the annual buying season with Signature IIJS and IGJME 2016 in Mumbai, the world’s capital of the diamond business. Alrosa’s supply of diamonds to India has been growing steadily since 2010. Last year we did business of USD 1.5 bn in India, which is 45 percent of the total sales. The growth in our share of business was achieved in spite of the overall slowdown in demand. The number of long term buyers has increased to 12. The Special Notified Zone, initiated by GJEPC, has been a welcome move and will help in augmenting bilateral trade especially helping small-to-medium sized enterprises. Alrosa has been collaborating with GJEPC for various programs including exchange of information, Kimberley Process, natural & synthetic stones, etc., and we look forward to working with the new GJEPC team. One of the main challenges is stimulating demand for diamonds with a generic emotional and symbolic consumer campaign to target Gen-Next buyers. The diamond trade is looking at several initiatives starting this year.”

Thanking all the sponsors, partners and vendors, Shri Saunak Parikh, Convener, Exhibitions – National, GJEPC, said: “This is the first time that we are conducting two shows Signature IIJS and IGJME 2016 simultaneously in the beginning of the year. Signature IIJS caters to the sourcing needs of India’s leading jewelry retailers and provides them a platform to view future styles and trends and replenish their inventory. IGJME showcases the latest product innovation and technological advancements to boost the quality and quantity of production requirements. Trade can get access to the entire spectrum of the business, new ideas, cutting edge technology, innovation and networking. This helps identify various opportunities of growth and channelize energies to stimulate growth.”

Signature IIJS features more than 580 of the country’s manufacturers and covers an exhibition area of 30,000 square meters. Signature IIJS visitors came from more than 375 Indian cities and about 55 countries. The visitor pre-registration has shown an approximate increase of 10 percent over last year, with more than 15,000 trade visitors and the top 2,000 retailers of the country. This year, the overseas visitor registration witnessed a steep increase of about 20 percent. The on-the-spot registration facility helped increase visitor traffic significantly.

The show featured well defined sections of diamonds, gemstones and studded jewelry in addition to an international section. This year, the gold section was extended to accommodate more exhibitors under this category. The main highlight of the show is the Signature Club, which showcases the most exquisite couture jewelry by the country’s leading manufacturers.Buyer delegations from countries like UK, Japan, UAE, Saudi Arabia, Oman, Sri Lanka, Uzbekistan, Bangladesh and Nepal were in attendance. Technology and education seminars were also organized for the first two days of the show.

Signature IIJS provides a platform for the country’s leading manufacturers and retailers to facilitate an exchange of market insights and knowledge, providing networking opportunities for business. In addition, an exclusive invitation-only Networking Evening was organized for exhibitors and buyers to further explore business opportunities and strengthen existing business ties.

Concurrently, the visitors had access to IGJME, Asia’s largest gem and jewelry technology fair. IGJME is a strategic initiative of GJEPC planned to help manufacturers witness new ideas, discover innovative technical know-how and learn cutting-edge techniques in production. The technology exhibited at the show is aimed at improving the quality of the products while minimizing the raw material wastage.

Covering an area of 7,000 square meters, IGJME provided an opportunity to interact with about 140 leading suppliers of machinery, tools, components, packaging accessories and allied products from around the globe, who showcased cutting-edge technology such as laser machines, computerized yield planning machines, advanced bruiting lathes, diamond impregnated scaife and more. For the first time, IGJME introduced an Italian Pavilion with 26 exhibitors along with a Turkey Pavilion, which had 10 exhibitors. Other overseas exhibitors included manufacturers from the USA, Germany, UAE, China and Israel.

For more details, visit www.gjepc.org/igjme.


Citizen to Participate in Milan Design Week

 

(Press Release) Citizen has announced that it will participate in the Milano Salone (Milan Design Week) 2016, one of the world’s largest design festivals.

In an effort to explore the relationship between light and time through the evolution of Eco-Drive technology, Citizen exhibited at Milan Design Week in 2014 for the first time. That installation was a collaboration of Citizen’s in-house design team and Tsuyoshi Tane, a member of Paris architectural design firm DGT. It was honored with a 2014 Milano Design Award and also earned recognition at the London International Awards 2015. An exhibition to show the award-winning installation in Japan was held in 2014 at the Spiral Building in Aoyama, Tokyo. The event attracted more than 70,000 visitors. This year, Citizen will show the installation again in Milano under the same design collaboration as before.

The company in 1976 developed the world’s first light-powered analog watch. Later known as Eco-Drive, this proprietary Citizen technology allows a watch to keep telling the correct time by using virtually any light source to generate its own power, thereby eliminating the need to replace batteries. Watches using this technology are now available in more than 100 countries around the world.


Don Saltmarsh Joins Jewelers unBLOCKed as New Relationship Executive

 

(Press Release) NEW YORK, NY – Jewelers unBLOCKed has announced the appointment of Don Saltmarsh as its relationship executive. Utilizing his 15-year career in business development, financial management and risk management, Saltmarsh will be responsible for expanding the Jewelers unBLOCKed program.

Saltmarsh comes to Jewelers unBLOCKed on the heels of his executive vice president position at Cornell Group, which specializes in risk management, insurance and human capital solutions. Before Cornell Group, Saltmarsh worked in a business development role with Willis Towers Watson. He functioned as a key player for the company with his insurance know-how and ability to assist companies in understanding the complex risks they face while helping them intelligently mitigate these risks. As the director of business development at Underwriters Laboratories, Saltmarsh was influential in maintaining strong relationships with key personnel by way of tactical analysis, planning and business direction.

Saltmarsh graduated from the University of Massachusetts with a Bachelor of Science degree in business management and a minor in finance. He also holds a taxation license.

“With his extensive experience, reputation and business acumen, Don is exceptionally qualified to contribute to the expansion of our platform and continued growth of Jewelers unBLOCKed,” says Patricia Low, Jewelers unBLOCKed president and CEO. “We look forward to enlarging our footprint in the luxury space, particularly the jewelry industry, through Don’s unique skillset.”

“I am excited to join the Jewelers unBLOCKed team, and I look forward to the opportunities we have before us,” Saltmarsh says. “I’m eager to utilize my experience and industry relationships to not only keep a strong hold within the jewelry sector, but to broaden our reach to other facets within the luxury industries in the years to come.”


Scott Kay Rolls Out New Visual Identity, Advertising Campaign

 

(Press Release) TEANECK, N.J. – Engagement ring brand Scott Kay is embarking on new marketing strategies following its acquisition by Frederick Goldman and the passing of its namesake founder.

The brand has modernized its visual identity with the implementation of its new signature purple hue. Paying homage to the regality and prestige of the brand’s designs as well as strengthening Scott Kay’s rich expression of romantic love, the hue can be found across all assets including updated packaging, in-case displays, website, social media, marketing collateral as well as in the brand’s latest revived advertising campaign titled, “A Life Together.”

The new advertising campaign, launched this winter, celebrates the core messaging of the brand which evokes romanticism, togetherness and the promise of devoting one’s life to a loved one. To reinforce the new visual identity, the brand has fully revamped its current website, www.ScottKay.com, as well as its social media channels to reflect an elevated and dynamic vision of the artistry of Scott Kay.

In addition, Scott Kay has announced a partnership with the Fashion Institute of Technology that will begin in January of 2017. It has also introduced its first-ever consumer packaging, offering a distinctive box for all those who purchase a ring.

“For us, it was important that we preserved what Scott Kay was known for, but also make steps towards its growth in the future,” says Jonathan Goldman, CEO of Frederick Goldman Inc. “Scott was a true artist whose excitement, love and commitment could be seen throughout all of his designs. We supported this artistic vision with an upgrade in the areas of manufacturing, sales and marketing to ensure that every single brand touchpoint communicates luxury.”

Looking ahead, greater focus will be put on precious metals, specifically platinum, which will pay tribute to Scott Kay’s history of reviving this precious metal in the bridal industry. The introduction of original designs will continue to be inspired by the brand’s archives. Chief Merchandising Officer Susan Chandler, who leads the creation of collections adds, “The artistry that can be found in the archive will help to evolve the brand and its designs into the future. We are excited to see where this will lead us.”

For more information, contact Kaitlin Derkach, The Promotion Factory, at This email address is being protected from spambots. You need JavaScript enabled to view it. or 212.217.9065.


Tacori Launches Direct-to-Consumer Online Ordering

 

(Press Release) LOS ANGELES – As Valentine’s Day approaches, Tacori has launched online ordering for U.S. consumers.

“This is an exciting opportunity to deliver a modern Tacori shopping experience to more customers,” says Paul Tacorian, Tacoris’ president of sales and marketing. “We’re thrilled to be able reach more customers through the scale of the internet, while also developing deeper relationships through the enhanced online experience.”

The foray into online shopping is a first for Tacori, which recently was named one of the top five most visible jewelry brands in America by InDesign magazine alongside Tiffany & Co., Cartier, Bulgari and David Yurman.

The Tacori.com shopping selection features a collection of both men’s and women’s fashion jewelry, which will be available for customers in the United States to purchase directly from the brand.

The selection of Tacori engagement rings and wedding bands will not be available for purchase through the website, but rather, will be available exclusively throughout the United States, Canada and the United Kingdom via its retail partners.

Initiating online shopping capability augments Tacori’s upgraded website functionality, which launched in May of 2015 as a fully responsive storytelling site that delivers an immersive experience for consumers while showcasing the craftsmanship and quality of Tacori jewelry.

To explore the TACORI “Valentine’s Gift Guide”, visit www.tacori.com.


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