How The Jewelry Industry is Riding The New Normal
Images Retail|April 2021
Technology, particularly social media, has also played a crucial role in helping the gems and jewellery industry to regain what it lost in the year since the pandemic. Many companies have taken a leap of faith by continuing to power on with their businesses along with their partners and consumers, using the digital platform to bridge the gap between the real and physical world as seamlessly as they can…
Sachin Jain, Managing Director, De Beers India

The pandemic has rearranged most sectors and industries across the world. Several businesses have made short-term and long-term changes that t in with the new normal even as they pave a new way of reaching out to consumers while keeping a close watch on their bottom lines. The jewellery sector in India too has seen its share of ups and downs in the last 12 months and is finally making a great comeback post the lockdown by riding the wave of a new way of life.

After being locked in for months during the lockdown, the consumer buying behaviour changed considerably. Buyers were drawn to buying things that are real, valuable, long-lasting and also define a deep meaning or commitment for them. In jewellery too, we now see consumers making informed decisions about the real and natural valuable pieces vis-a-vis jewellery that is artificial and meaningless. They are increasingly investing in fewer but better things than in items that may look fashionable but might not last. There will be a continued demand for classic diamond jewellery pieces with the desire for quality and lasting value expected to continue, a recent survey was done by the De Beers group found.

Change in Demands

Continue reading your story on the app

Continue reading your story in the magazine

MORE STORIES FROM IMAGES RETAILView All

RETAIL TECH ICONS: BRINGING IN INNOVATION AND SCALABILITY

Asurvey of 1,420 IT executives across Europe, Asia and the Middle East found that there has been a 59% rise in investment in technology by retailers during 2022.

6 mins read
Images Retail
November 2022

Building A Connect: How Brands Are Making The Most Of The Year-End

As the year comes to a close, brands are looking forward to making the most of the quarter and have dived into the omnichannel world. Post the pandemic and having witnessed an unprecedented growth, the retail sector is strengthening business by leveraging automation and adding a personal touch to the shopping experience.

5 mins read
Images Retail
November 2021

The Shift in Textile Retail Segment: Here's What Consumers are Looking for

With the onset of the festive season, retailers across industries and domains are starting to register sales, which is bringing them out of the clutches of the lowmarket trends they have been experiencing since the pandemic. However, every industry needs to understand their customer more specifically now and textile for that matter essentially needs to know what the consumers are looking for.

3 mins read
Images Retail
November 2021

Redefining the Retail Shopping Experience with NDHGO's Scan & Go Solution

Scan & Go solutions have emerged as greatly advantageous and useful for brick-and-mortar retail stores. The cutting-edge‘ Scan & Go self-checkout system makes retail shopping convenient, quick, and secure.

5 mins read
Images Retail
November 2021

Urban Square, Udaipur welcomes key tenants for fitouts with ceremonial keys

One of India's most exciting retail real estate projects located in one of the country's most historic cities — Urban Square, Udaipur announced the start of fitouts at the IMAGES Retail Awards (IRA) 2021 ceremony and welcomed some of its key tenants with a ceremonial handover of keys to their stores.

1 min read
Images Retail
November 2021

Customer Loyalty in Retail: Technology Trends

Customer loyalty has now become a very hard thing to get for any retailer as customers these days have an abundance of options to choose from when shopping in the highly competitive retail market. Global Data Thematic Research highlights the key technology trends impacting the customer loyalty theme.

3 mins read
Images Retail
August 2021

Destination Korea – In just a click!

Korikart brings in a flavour of Korea right to our doorstep. This marketplace brings multiple Korean favourites, all at one place. Brands like The Saem, Plan 36.5, Jin Ramen, Mustaev, The Face Shop, Innisfree, Etude House and many more are just a click away on Korikart. Korikart has certainly gained many followers since inception, but how does the brand continue to carry on the excitement with new additions and its impeccable services. Here’s unraveling their story!

5 mins read
Images Retail
August 2021

Eyeing Growth

In this exclusive interaction with IMAGES Retail, Lalit Agarwal, Chairman & Managing Director of V-Mart Retail Ltd talks about the recovery from pandemic losses and the future of omnichannel retail. Excerpts:

5 mins read
Images Retail
August 2021

ADIDAS ENDS ITS 15 YEAR SAGA WITH REEBOK, SELLS OFF THE BRAND TO ABG

German sports giant, Adidas has made it official that it has entered into a definitive agreement to sell Reebok to Authentic Brands Group (ABG) for a total consideration of up to € 2.1 billion, with the majority to be paid in cash at closing of the transaction and the remainder comprised of deferred and contingent consideration.

1 min read
Images Retail
August 2021

KEARNEY PREDICTS INDIAN E-COMMERCE DOMAIN TO HIT $40 BILLION MARK BY 2030

The e-commerce sector is emerging in a big way in India and keeping in mind the boom and the growth of this sector, the global consulting rm Kearney came up with a report titled “Value e-commerce: The Next Big Leap’s Indian Market” highlighting the growth story of the e-commerce industry in India. As per the report and its findings, India will soon represent an e-commerce market valuing US $40 Billion. This growth comes with the growing consciousness towards value.

2 mins read
Images Retail
August 2021
RELATED STORIES

The Pop Your Summer Needs

The best way to boost your warm-weather style without piling on the layers? Sling a pendant necklace or two around your neck.

1 min read
Esquire US
Summer 2022

Where to Next?

A jeweler’s personal odyssey leads to a ring on your finger.

2 mins read
Town & Country
April 2022

Wing Yau – Earth Connection

Her jewelry sculptures reflect a connection to the people and country of provenance, to her team and finally, to those who choose her pieces from Wwake to create their own expression.

9 mins read
JUXTAPOZ
Summer 2021

Crystal Clear

Jewelry historian Carol Woolton, author of The New Stone Age: Ideas and Inspiration for Living with Crystals, cuts through the hype about these fascinating stones.

5 mins read
Better Nutrition
August 2020

Products and Places – Drawing a Bead

“Lose the green, maybe?” Yuliana Erazo suggests to her sister, who’s just left her law practice in Medellín, Colombia, to make jewelry full time. Miller Erazo had texted her a possible palette of tiny square Japanese miyuki beads because Yuliana, who now lives here, wanted her to create a pair of earrings for Design STL. “No, no, it will look nice,” Miller assures her, envisioning the green framing a pale-gold center and that deep contrast warmed by surrounding rings of orange, yellow, and red, all bordered with that same gold. A hammered oval would suspend a small and large hexagon, a design that could have come from the Aztec Empire—yet looks utterly contemporary.

3 mins read
DesignSTL
November/December 2019

Get Ready To Shell Out

Jewelry inspired by the beach is this season’s hottest accessory.

2 mins read
Bloomberg Businessweek
May 13, 2019

How One Infant's Obsession Led His Parents to a Booming Business

How one infant’s obsession led to a totally new kind of jewelry. 

2 mins read
Entrepreneur
April 2016

Inside an Indian Jewelry Dynasty's Charming Feud

A jewelry feud, set in Jaipur and on Madison Avenue.

10+ mins read
New York magazine
February 8–21, 2016

5 TENDENCIAS EN JOYERÍA DE ESTE 2023

PIEZAS GRANDES, BRILLANTES Y LLAMATIVAS PARA UNA OCASIÓN ESPECIAL HASTA CLÁSICAS O DISCRETAS Y EXQUISITAS SON EL BOUQUET DE UN LOOK APROPIADO.

1 min read
Revista Summa
Febrero 2023

વિશ્વમાં જ્વેલરી ખરીદીમાં ચીન બાદ ભારત બીજા ક્રમે પહોંચ્યુ

ભારતમાં મધ્યમ વર્ગ સોનાનો મુખ્ય ગ્રાહક

1 min read
Gujarat Mail - Ahmedabad
Volume No 4 Issue No 131 Dated 23rd Jan 2023