Many women (and men) dream of the moment their partner will get down on one knee and ask the big question with the little box – but what if it’s not the ring you’ve been dreaming of? Helzberg Diamonds just thought of the perfect solution, the Will You? ring—a $50 “ring before the ring” that marks the proposal, but not the actual engagement.
At the annual pinnacle of high-end celebrity jewelry and fashion, Oscars night, the bling on the red carpet did not disappoint. High-end jewelry reporter Anthony DeMarco covered the glamorous event for Forbes magazine, noting that diamonds and white metals were the overwhelming favorite among the stars. The other major trend on the Oscars red carpet, he writes, was sparkling drop earrings, particularly pear shaped gems or filigree designs. Necklaces were not as prevalent as in past years but those that did appear were sparkling diamond statements.
National Jeweler's Michelle Graff provides a preview of the five hottest engagement ring trends for 2018 according to WP Diamonds, the online jewelry purchasing division of White Pine Trading. "Rose gold with pavé, three-stone rings that mimic Meghan Markle’s, and more halos are three of the engagement ring trends WP Diamonds is forecasting for 2018." The classic, solitaire 'Tiffany setting' (don't call it Tiffany, she warns) is always on the list, and yellow stones are “gaining some serious momentum”, according to WP Diamonds.
“People have long bought flashy items because they made them feel good. Now some say those same items make them feel icky,” wrote JCK’s Rob Bates. According to a recent New York Times article a percentage of affluent consumers are moving away from the ‘If you’ve got it, flaunt it’ stereotype. Some even consider their wealth a burden, going as far as hiding the price tag of their recent purchases.
According to industry insight data published today by De Beers Group, the shifting dynamic of women’s expanding roles in society and changing perceptions of femininity are creating new motivations of diamond jewelry acquisition. Social and economic changes have expanded the symbolism of diamond jewelry, women are now more empowered which has led to record levels of self-purchase, as well as the establishment of a new consumer type.
In his latest blog post, "A Market in Chaos", diamond industry researcher and analyst Edahn Golan examines the disconnect between the rising trend of lower price point/smaller-diamond jewelry and the willingness of manufacturers to pay more for the rough to produce it. He starts with trends in the consumer jewelry market - because this is the ultimate determining factor for the diamond market - that are demonstrating a distinct shift towards lower value goods. Drawing on his impressions from the JCK Las Vegas show, Golan writes, "The trend of smaller diamonds stood out.
‘Chocolate’ diamonds have gained in popularity in recent years, to the chagrin of many purists. For years some diamond jewelry companies have been accused of generating a hype about diamonds traditionally seen as bottom-the-barrel stones, effectively deceiving end consumers by rebranding brown diamonds as ‘chocolate’. Jezebel and the Daily Mail have gone so far as to call these jewelers “liars” who are “fooling women”, claiming the name and marketing of the chocolate diamond is insulting: “Women won’t be able to resist, because it’s chocolate!
Necklaces with detachable pendants that double as brooches, tiaras fit for royalty that can also be worn as bracelets, and earrings which can transform into haircombs are making their way back this season. High Jewelry brands such as Chaumet, Van Cleef & Arples, Cartier, Bulgari and Graff have re-embraced the notion of transformable jewelry. The versatile trend is“perfectly adapted to our times,” says Jean-Marc Mansvelt, CEO of Chaumet.
Fashion and jewelry houses are stunned by the latest shopping trend: See-now, Buy-Now. Consumers nowadays desire instant gratification and no longer wish to wait between seeing an outfit on the runway and being able to purchase the look. This trend is likely due to the increase in women who are buying jewelry and designer clothes for themselves. “They buy jewelry like they buy fashion, so are more spontaneous now,” said Nicolas Bos, chief executive of Van Cleef & Arpels.
National Jeweler’s Editor-in-chief Michelle Graff made 3 Predictions regarding the retail market for 2017 based on current market trends and the way consumer demand is changing with the times. Retailers, including larger chains, will continue the 2016 trend of closing down. Women’s clothing retailer The Limited announced that they were closing all their stores and operating strictly online.
What do Millennials want? A question the entire diamond trade has been posing. Millennials are obsessed with the concept of individualism and crafting a unique persona, so why should selecting their engagement ring be any different? Many brides-to-be prefer receiving or even designing a ring that suits their unique personalities. Brilliant Earth, a sustainable jewelry company that offers a create-your-own option, analyzed engagement-ring shopping behavior in the U.S.
The Chinese National Day holiday period - also known as Golden Week - started October 1 and runs until October 7. It is the most important period after Chinese New Year in terms of the number of Chinese travelers, writes Jing Daily.
In her "Style 360" blog, Jennifer Heebner has lit the fuse on 2016 with JCK's fifth annual jewelry predictions and buying guidelines "based on red carpet jewelry trends, runway fashions, and industry-specific jewelry and gemstone offerings." Chiaroscuro drama and fanciful creations are expected to make an appearance, and certain trends from 2015 will remain while new ones emerge. She predicts the styles, colors, materials, shapes and sources that will steal the show in 2016. It would be thoughtless of us to give them away here ...
Having acquired the Hearts on Fire (HoF) luxury diamond brand in June 2014 for $150 million as part of the jeweler’s strategy to expand its high-end product range, Chow Tai Fook (CTF) is gearing up to launch a new HoF campaign in September.
Rob Bates identifies the following subjects: the level of business at JCK - solid but not wonderful, synthetics, the mystery GIA color treatment case, how to sell to Millennials, wearable technology and a return to generic marketing of diamonds.
Rio Tinto displayed its latest venture at the JCK Show: 'Diamonds with a Story 2015'. Rio Tinto teamed with four American jewelry designers and allowed them to use some of its best diamonds to create jewelry to appeal to younger buyers.
Times have changed. Remember when a retail jeweler was the first and only stop when purchasing a diamond? Today, the traditional retailer competes with more than just other jewelry stores for the diamond sale. It seems that everyone is now in the diamond business, from big box stores to department stores to countless Internet sites. Add to this challenge shrinking margins and the increasing number of shoppers willing to make a big purchase online and it makes a bricks-and-mortar jewelry store owner almost want to hang it up.
Despite these multitudes of reasons [steady increase of diamond prices over time, future value increase probable due to strong demand and dwindling supply], financiers are still wary of investing in diamonds [due to lack of transparency, fungibility & standardization]. Investors feel that they are not knowledgeable enough to evaluate diamonds and have to depend on intermediaries. Even the gem and jewelry market is reluctant to offer diamonds as investment option owing to smaller profit margins compared to retail market.
Victoria Gomelsky, Editor-in-Chief of JCK Magazine responds to the outcry about the cover story from the April 2015 issue—“Power Base”, their annual list of 50 CEOs, retailers, designers, and tastemakers who shape the jewelry and watch business. Readers were upset that so few women made the list, but she explains that the list is representative of the industry.
The American Gem Society helps you find your or even better your partner's perfect diamond engagement ring in just six easy questions.
It has always been the front of an earring that attracts attention, but a new trend for decorative and interchangeable earring backs is inspiring fashion brands and gives jewelry designers the opportunity to add a new level of customization.
Sally Agarwal, London based jewelry designer, combines her fourth generation diamond family heritage with designs that refer to traditional Indian bridal jewelry containing uncut but polished 'Polki' diamonds.
JCK's Rob Bates rounds up the latest retail trends, while forecasters tend to focus on buzzwords like social media, omnichannel and mobile, 'old' tactics, like brick-and-mortar or good old fashioned catalogues are 'new' again.
The recent jewelry trend among US celebrities is characterised by "understated" pieces such as small drop or stud earrings.
“No longer is it all about the stone (…), but more about the designer, their inspirations and aesthetics and design techniques.”
This year’s holiday season will be all about statement jewelry, with bold accents and strikingly powerful shapes.
The cocktail watch is back in style. A delicate and glamorous hybrid between a watch and a bracelet, the cocktail watch was once a popular style in the 1950s. The revival of the cocktail watch is thanks to watch companies focusing on women’s growing economic independence, creating an increasing offer of new women’s-only models.
As suppliers strove to increase both turnover and liquidity, polished prices declined. Trading grew quiter due to the Jewish and Diwali holidays. Buyers expected a further decrease of prices and refrained from large purchases.
With the rise of the metrosexual man and male celebrities such as David Beckham setting the tone, men are becoming increasingly interested in wearing jewelry and are willing to spend more on it. Name brands and department stores are stocking up on men’s jewelry to meet the growing demand. Bracelets in particular are showing huge potential.
US consumers have gravitated towards low-priced jewelry and gems this year as compared to more luxurious jewelry in the past, a worrisome trend for Indian exporters.
To commemorate its 140th anniversary, Swiss jeweler Piaget has recreated its famous cuff watch from the 1970s which is is set in a gold cage with 236 brilliant-cut diamonds.
A recent study illustrates that about 80 million Americans born between 1977 and 2000 place a great value on their individuality, which translates into their shopping habits. With $600 billion per year in spending at stake, retails are working to get a piece of the pie.
Antwerp’s rough trade outperformed that of August 2013, with increases in both imports and exports, continuing the positive trading pattern seen this year.
The trend remained unchanged in July, with watch exports continuing to show moderate growth in value terms, reported the Federation of the Swiss Watch Industry.