The Art of Jewellery Magazine - May 2020
The Art of Jewellery Magazine - May 2020
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In this issue
COVID-19: Jewellers start opening stores, witness better than expected response post lockdown
Finally, jewellers opened shops in few states after relaxation in lockdown. Bangalore was the first city to open jewellery stores. As people were not able to buy gold on Akshaya Tritiya this year, they did good purchase on the very first day stores reopened post lockdown. Jewellers received very positive response from the customers and in the first two weeks 30 to 40 per cent of sales were registered. Irrespective of metro cities, suburbs or two-tier cities, Jewellers feel that if everything goes on well now onward, we can expect market to pick up during Navratri and Diwali. Our cover story will give you a live picture of industry across nation.
COVID-19: JEWELLERS START OPENING STORES, WITNESS BETTER THAN EXPECTED RESPONSE POST LOCKDOWN
Finally, jewellers have opened shops in few states after relaxation in lockdown. Good turnout of customers was witnessed on the first opening day. Hard hit by the Coronavirus, jewellers feared that it will take long time for the customers to come to shop and buy jewellery.
6 mins
Bruce Cleaver CEO, De Beers Group
“While we understand that the current time is difficult and we need to assist everyone in the diamond industry, it is not right to tinker the supply chain.”
7 mins
Gold has proved itself that in times of difficulty it helps
Chandu Siroya is Vice Chairman of Dubai Gold & Jewellery Group and Managing Director, Siroya Jewellers, Dubai. In an exclusive interview with Sumesh Wadhera, Managing Director and Chief Editor, The Art of Jewellery, he shares his view on the current business scenario in UAE and the way forward.
6 mins
Yogesh Mudras Managing Director, Informa Markets, India
“Hybrid model of business going to continue in future where physical and digital will merge into each other because post Covid-19 people may not freely travel so that’s why we have to prioratise digital platforms.”
4 mins
Retailers see 'Lowest Platinum Rates' as Golden Oppurtunity
Platinum prices tends to be as much as double the gold prices but for some time now the platinum prices have been fallen down. The 23rd edition of Platinum Quarterly report commissioned by World Platinum Investment Council (WPIC) published on 18th May 2020 says, “While the COVID-19 pandemic has had a major negative effect on the platinum market including price, demand and supply - the results for Q1 2020 show the net effect is less than feared, and the outlook for 2020 is better than expected.”
7 mins
WGC releases ‘Retail Gold Insights: India Jewellery' report
Survey highlights that 60% of Indian women own gold jewellery and 37% of Indian women have not bought gold jewellery in the past but are open to buying it in the future.
2 mins
A Digital Transformation for Jewellery Industry
COVID 19 crisis has catapulted one of the worst hit recessions in the history of mankind. Health and economy of all countries are thrown out of balance. The whole world has moved into a blackhole of uncertainties. The scale in which the pandemic has impacted is unimaginably huge.
6 mins
Lockdown: Taking Huge Toll On Employment In The Jewellery Sector
It is unpredictable when the lockdown will be lifted and when the jewellery industry workforce will return to work again as lakhs of workers depending on gem and jewellery sector pan India have been shattered and left to their hometowns due to loss of jobs for reason being temporary shutdown of units and shops due to Covid-19 pandemic, therefore creating a huge toll on employment in the jewellery sector. Meanwhile the industry is extending its support towards workers with food and monetory benefits but till how long will it continue is a questions. On this note, this special report will describe on how lockdown is taking huge toll on the employment in the jewellery sector and also the experts suggestions on retaining the workforce.
7 mins
Dubai's iconic Gold Souk reopens its doors to customers
Precautionary measures in place to safeguard health and safety of customers.
3 mins
Post Covid-19 Lockdown: Impact On China Jewellery Industry
When most of the world was going into coronavirus lockdown, China was slowly emerging from it. The Chinese government began to lift all the lockdown restrictions imposed across the country when the covid-19 cases began to decline. Currently, China jewellery industry is recovering steadily as the spread of Covid-19 has been contained and the situation in China is well under control.
2 mins
The Art of Jewellery Magazine Description:
Publisher: AOJ Media Pvt. Ltd.
Category: Fashion
Language: English
Frequency: Monthly
The Art of Jewellery is India's No. 1 business magazine on the jewellery trade and industry. A one-stop source of cutting-edge information for the Gems and Jewellery sector, it is reputed for its focused content, high editorial standards, creative design, rich imagery and state-of-the-art printing.
Now in 14th year of publishing, it has won many awards and rich accolades for its contribution to the jewellery industry and trade. It is widely recognized by readers, advertisers, and the jewellery community as a premier magazine in the industry. It reaches quality jewellery retailers in India and overseas and has an extended reach during exhibitions and trade fairs.
The Art of Jewellery has a tremendous web and digital presence and is a pioneer in providing daily news updates on national and international happenings. AOJ Daily – E news capsule reaches more than 80,000 industry players on daily basis.
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