News in Special Topic
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NEW BAZAAR Israel
diamond exports climb Israel's
diamond industry continued to show steady growth in July and in
the first seven months of 2004, according to Israel's Ministry of
industry & Trade's new Diamond Controller, Shmuel Mordechai. Fossil links with Marc Jacobs
Fossil, Inc. has linked with world
renowned fashion icon Marc Jacobs to develop and distribute women's
and men's timepieces under the Marc Jacobs and Marc by Marc Jacobs
labels. Marc Jacobs watches will debut in fall 2004 in limited distribution
and will be followed by a Marc by Jacobs collection in 2006. Bulgari jewelry sales strong
Bulgari, the contemporary Italian
jeweller, has reported revenues of 192.5 million Euros for second
quarter 2004 compared to 169.5 million Euros for the same quarter
of the previous year. At comparable exchange rates the increase
was 15%. This result was achieved despite a challenging base, the
Group said, since turnover in the second quarter 2003 had remained
unchanged compared to the precious year, despite the SARS effect
and the negative worldwide economic situation. Arabian focus for GIA Gemfest
The emerging market in the Gulf region
-- with a concentration of wealth and a propensity for purchasing
fine jewelry -- was the focal point of discussion for Italian manufacturers
and journalists at GIA's GemFest Italy, held during VicenzaOro2.
Sponsored by GIA Italy, the semiannual event, titled "The Great
Arabian Market: Stability, Growth, Innovation, "was the third
in a series of GIA conferences focusing on international jewelry
markets. New diamond technique
Promoted with the registered phrase,"As your grows, the diamond shows, "the Time Release Diamond
enhances the significance of wedding bands and engagement rings
with a diamond hidden below the surface of the shank that will show
itself over time. Appraising inherited jewelry
If your great aunt willed you a beautiful
ring, have its monetary value appraised before you decide it's going
to pay for college tuition or a down payment on a car, said Patti
Geolat, board chair of Jewelers Mutual Insurance Company. Luxury market report 2004
Sales in the luxury market as are
on the upswing among leading international luxury brands. New research
conducted by Unity Marketing -- www.unitymarketingonline.com -- provides useful insights. "Today, we equate the luxury market
with international brands,
but affluent consumers are just as likely to shop at both Wal-Mart
and Madison Avenue boutiques" says Parn Danziger, president
of Unity Marketing. "The luxury consumer is not that different
from anybody else -- they just happen to have a more money." Iridesse in design link-up
Earlier this year, Tiffany & Co
appointed Robert L. Cepek as president of a new retail jewelry venture
operating under the trade name Iridesse, that will operate retail
jewelry stores focused exclusively on pearls and pearl jewelry.
Iridesse is an indirect, wholly-owned subsidiary of Tiffany &
Co.
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BULLETIN Inhorgenta
Europe 2005 Sales
of watches and jewellery in Great Britain amount to a good Euro
6 billion every year. This figure makes Britain the world's fifth-largest
single market in the sector, after the US, Japan, China and Italy.
Not surprisingly therefore British retailers and manufacturers regularly
put in a strong showing at Inhorgenta Europe, the EU's leading specialist
trade fair for jewellery and watches. 538 trade buyers from the
UK came to the fair in 2004. And 21 British exhibitors -- five more
than the previous year -- came along to to present their latest
products to a trade audience of 27,076 visitors from 70 countries.
The next Inhorgenta Europe takes place from 25 to 28 February 2005
at the New Munich Trade Fair Centre. International Jewellery Tokyo
2005 The
number of international exhibitors attending International Jewellery
Tokyo (IJT) continues to grow. IJT 2004 recorded an 11% increase
in visitor figures against the previous year. Gold demand still rising Figures
published recently by the World Gold Council reveal that year-on-year
consumer demand for gold continued to rise in the second quarter
of 2004, with increased demand for jewellery. The figures, complied
for the World Gold Council by GFMS Ltd, reveal that consumer demand
rose by 11% in tonnage terms, and by 25% in dollar terms, compared
to a year earlier. The rise in demand was fuelled by strong economic
growth, relative absence of price volatility, and continuing concerns
over the long-term economic and political outlook. Demand for gold
jewellery was 8% higher, at 664 tonnes, than a year earlier, despite
a 13% increase in the gold prise. ................................................................................................................................... COLOURED STONE Gems & Gemolog The
Gemological Institute of America has released the Summer 2004 issue
of its award-winning quarterly journal, Gems & Gemology. This
issue contains a guide to US laws on gem treatment disclosure, plus
a first report on a new commercial source of synthelic diamonds
-- all accompanied by specracular photography. Gemstone
of the month Blue
sapphire is the birthstone for the month of September. Sapphire,
called the "Gem of Destiny," is a philosopher's stone;
it can bring out the best in you, and help you to realize your ambitions. ................................................................................................................................... AUCTION Christie's Geneva The
glittering array of jewellery at Christie's recent Geneva sale really
sent the buyers pulses racing. A sumptuous selection of jewels went
under the hammer at the famed Geneva auction held at the Richemond
Hotel. Many superb pieces caught the attention of the international
buyers attending the sale, including an Art Deco diamond, rock crystal
& onyx pendant, by Cartier, and a ruby & diamond, rock crystal & oynx pendant, by Cartier, and a ruby & diamond "Zip"
necklace by Van Cleef & Arpels.
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