Bloody Jewelry Market

“Do you know that a diamond which you buy was paid by a human life?” This was written on the poster representing the 4-years child with amputated hands. The massive campaign against trade in contraband diamonds has been beginning from such lethal evident propaganda.

The human rights organization Global Witness received the grant from the government of the Great Britain for the development of the effective system of tracking of the diamonds arriving in the market from Angola. Then Global Witness has started the unprecedented action against contraband which has already led to the revolutionary changes in industry.

In Antwerp – the world’s main trade center of diamonds – the World Diamond Congress under pressure of the public has started the development of an international certification and monitoring system to control the import/export of rough diamonds. This system should put a barrier to the market for deliveries of contraband rough diamonds from zones of military conflicts.

De Beers, established in 1888, is the world’s leading diamond company with unrivalled expertise in the exploration, mining and marketing of diamonds. De Beers and its joint venture partners operate in more than 20 countries across five continents employing.

Earlier, De Beers Group – the world’s famous monopoly that had defined shaky well-being of many African economics and also well-being of diamond business in Europe, Asia and America for a long time – has reacted to attack of the public. For more than seventy years, Southern African Group De Beers that has controlled deliveries, selling and also diamond’s pricing, had resolved to the radical reforming.

The Chairman of the De Beers Group Nicky Oppenheimer has arrived to London to explain new reforms to its 125 joint venture partners. De Beers hosted a members meeting and international conference in London. Delegates representing the governments of producing nations, non-governmental organizations, and the trade and general press were also in attendance.

Laws of the free market had come to change gentlemen’s agreements. This is contracts renewed time in two years by principle “money forward”. Besides De Beers Group also would like to undertake functions of “policeman” in the market – on the rights of former monopoly it is going to control the accompanying documentation on the diamonds arrived to Antwerp.

For many African countries, which in 30th years had become free of colonialism, diamond fields are the main thing, if not the only thing, a source of incomes. Not casually conflicts in Sierra Leone, Angola, Congo, Liberia had inflamed because of the control over diamond mines.

The analysis of Antwerp’s transactions had helped to complete the picture of penetration “bloody diamonds” in market. The scale of contraband amazes imagination. For example, the official information – Liberia makes in one year 100 – 150 thousand carats. However, in the Belgian market only for five years (1994-1998) had registered 31 million carats of diamonds of Liberian origin (app. 6 million carats every year!). The official mining of diamonds in Sierra Leone in 1998 had made 8,5 thousand carats, and in Antwerp in the same year had registered 770 thousand carats of Sierra Leone’s diamonds.

In Sierra Leone the official government doesn’t control mines of a southeast of the country – all of them maintain by insurgents from Revolutionary incorporated front which “had become famous” for terrorize local residents with chopping off them a brush of hands. How is it possible to stop the contraband?

Richard Hoobrooke, the United States Ambassador to the United Nations, having accused a peace-making contingent in Sierra Leone (about 3 thousand people) in an inefficiency, had demanded to define what equipment is necessary for blue helmets to beat off diamond mines at Revolutionary incorporated front. However, the other way of struggle – the creation of effective system of certification of diamonds – results only in funny things.

What could we do with the jewelry made of 10-20 diamonds certified by professional experts? For example, the diamond necklace will require up to 30 certificates, so the necklace’s price will rise greatly.

Besides in the world no more than five experts are able to define absolutely precisely by the diamond a place of its mining. Four of these experts work at De Beers. At present days the license for trade in diamonds in Antwerp is given out by the Belgian Diamond High Council (HRD), – this is some kind of the trading guild that closely connected with De Beers.

Its representatives refuse contraband’s diamonds – they said that these diamonds had acted in the Belgian market from a small number of private dealers. So why criticize De Beers?

The cause is the diamonds pricing. In fact, De Beers instantly bought up diamonds of unknown origin to not admit a collapse of the market. Thus, De Beers had “choked” because of “swallowing” of unknown origin diamonds when the world community had started talking about ethical aspects of business.

But the cause is the not only in ethical aspects. The diamond market is a colossus on clay legs. So, it is enough an easy whiff of a wind to stagger them: only 3 % of demand reduction means losses in 1,6 billion dollars.

Nowadays many experts expect that outsiders desire of changing trade structure of the market to own advantage stands behind attacks to De Beers. The Belgian Minister of Foreign Affairs had accused Canada of attempts to disorganize the Belgian diamond industry several months ago. The matter is that Ottawa is going to mine diamond fields of its Northwest territory which surpass African resources and “are not blood diamonds”.

De Beers had announced that it is going to lower the huge diamond resources (up to 5 billion dollars), and it had promised to achieve a full transparency of diamond business. Nowadays a large-scale advertising campaign is planned to support interest in diamonds. Thus, it is created the impression that the elected strategy is providing transition from the control over the market of rough diamonds to domination in the market of cut diamonds.

However, many experts are sure that De Beers is cunning. The world’s famous monopolies (De Beers Group controls 60% of the world market of rough diamonds) don’t die suddenly. The company just wants to wash away the accusations that its business had involved in African blood.

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Yunnan Jade Market Overview – Yunnan, Jade Market – Jewelry Industry

Jade mining area in Myanmar as neighboring Yunnan Province, Yunnan has long been so important distribution center for jade, processing and sale of land market. In a variety of jade, the jadeite jade sales total sales accounted for about 97% or so. A few years ago in Yunnan province has found a new jade?? Long Ling Huang Longyu, because of its beautiful color, has a big potential, its sales have been rising rapidly, accounts for about 1.2% of the jade market share. The remaining 1.8% of the market was soft jade (and nephrite) jade and so on. Estimated annual sales of soft jade which is only about 250 million.

Protect the country in the provincial capital Kunming Antique, King World and Emerald Star Building, bird jewelry antique stalls, etc., in some selling jade jewelry or antiques shops and antiques based stores, a small amount of soft jade ( and nephrite jewelry mainly) the sale, including the Buddha, Guanyin, and play the pieces of antique jade jewelry and other accessories such as traditional. In addition to Kunming, the other to City County and other jewelry store also occasionally sell small amounts of soft jade jewelry. Across the province has little in Kunming and nephrite (and nephrite) franchise stores, and brands.

Recent years, raw materials and jade jewelry prices climbing, hitting a historical high, generally speaking, consumers can still accept the annual sales growth momentum maintained. And nephrite prices rising in recent years, but only a handful of soft jade Yunnan consumers, nephrite prices on the market had no significant effect of Yunnan.

With the National Ornamental Stone Fair held in Kunming in recent years continuously, some from Xinjiang, Qinghai and other places of business also brought soft jade (nephrite and blue and white, etc.) raw materials and jade bracelets, jade and other jewelry good because prices soaring, sales are very limited and of poor texture, not a lot of small jewelry sales.

As geographical limitations, access to much of the reason, Kunming and the province’s consumers, except those who have more knowledge of soft jade, most are not familiar with the lack of identification, assessment and appreciation of, and this is nephrite the reasons for the limited sale in Yunnan. For the tourism market, to increase year by year in Yunnan tourism officials, and now has reached more than 5,000 people every year, tourists buy jewelry, the choice is the emerald, jade, etc. Second, there Huanglong Yu.

Huanglong Yu was discovered in 2004 in a silica Hercynian Longling quality jade, chalcedony, and a small amount of mainly composed of fine grained quartz, light yellow to orange and other bright colors, dense hard, grinding can be processed jade bracelet, Necklace , Bracelets , Play with pieces, and jade carving crafts, each priced at tens of dollars to several hundred dollars, compared to a few thousand dollars fine to thousands of dollars. Materials can also be beautiful ornamental stones. This jade from entering the market, very popular with consumers, a new jade varieties of Yunnan, Yunnan province is the best produced can be used for jewelry, ornaments, and ornamental stones of jade plants, it really explains the “Jade out of Yunnan” in real legend.

Yunnan also produce a serpentine jade, hemimorphite, blue aragonite, blue corundum, plastic calamine and other jade, or because of their limited production, or for various reasons, low hardness scale market not great. Outside the province, foreign and some jade into Yunnan, but the market is limited. Myanmar produced a kind of jade tree (a very beautiful petrified wood) is Selling Well in Yunnan in recent years. Can also be processed into jade, jade bracelets, bracelets, Necklace , Playing pieces, and jade handicrafts. Its color variety, hard and compact, clear wood, exquisite mild, very people like. Jade tree of ornamental stones can be beautifully, especially in the tree with fossil insects of the most precious jade, and even can be sold to a few million to tens of thousands of high prices.

Present, Yunnan, jewelery shops have basically covered all over the province, in addition to the provincial capital, the Dali, Lijiang, Ruili, Tengchong, Xishuangbanna, Baoshan, Qujing, Shangri-La and other parts of Provence has more jewelry shops, jade varieties more big range of choice. Reasonable prices, consumers should be able to compare their own preferences and choices, buy their own satisfaction jade.

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Jewelries Welcome the Peak Sales Period in Yiwu Wholesale Market

Yiwu jewelry industry welcomes the peak sales period of Christmas. As the Christmas Day is coming soon, Yiwu jewelries have attracted purchasers from both domestic and overseas market by the help of the huge tangible market, Yiwu International Trade Mart. Onccc found that the jewelry industry has entered the peak period for sales in December.

Jewelries Welcome the Peak Sales Period in Yiwu Wholesale Market

Jewelries boom in sales in Yiwu wholesale market

The fashion trend and the great advantages of Yiwu International Trade Mart have greatly pushed the quick development of jewelry industry, and Yiwu has several special jewelry market, such as jewelry market in Yiwu International Trade Mart, jewelry special street, Xingzhong Jewelry Accessory market, etc. Over 8000 business entities are dealing with jewelries. The cluttering effect of jewelry industry makes Yiwu distinguished in China, and is known as the City of Jewelry.

Tourist is choosing jewelry products in Tourism Shopping Center

The retail of jewelries is also hot

Though influenced by the international financial crisis, Yiwu jewelry has gotten over it early and maintained a steady development. As the Christmas Day comes, the sales of Christmas products are really hot.

Besides the wholesale, the retail of jewelries are also hot. Many tourist and consumers are choosing jewelry products in the Tourism Shopping Center.

Sales area: 1F, 1st District, Yiwu International Trade Mart & Tourism Shopping Center

Source: China Commodity City: http://en.onccc.com

Forecast of China Jewelry Market In 2010

According to the authority, sales of jewelry market in china will achieve amount of 180 billion US dollars, which represented 10 per cent of the world total. China will replace European countries and America and become the most important luxury consumer market after Japan. Jewelry market potential in China has drawn more and more attention in the world. Kinds of reasons bring on a continuous growth of sales for jewelry market in China, which represents a trend of surpassing main jewelry consume countries. Since last June 1st, China deducted the rate of diamond import value-added tax from 17? to 4?, which made a great of jewelers buck up. Besides diamond, last year saw a remarkable performance of ornaments like gold, platinum, palladium and silver in consume market. Jade, in particular, was extremely hot and popular among people. <a rel=”nofollow” onclick=”javascript:pageTracker._trackPageview(‘/outgoing/article_exit_link’);” href=”http://www.cheap-wholesale-costume-jewelry.com”> Costume jewelry like four-leaf clover and insect amber pendent also made a great contribution to the good harvest last year</a>. Undeniably, jewelry has become the third hot consumption item after real estate and automobile.

 

Despite of a big sale, it is very difficult to build up a well-recognized brand of jewelry in mainland of China. Take Shenzhen, a city in south China, for example, there are nearly one thousand gold and diamond jewelry enterprises and more than two hundred jewelry brands. Employees in these enterprises have reached about 110 thousand. However, few famous brands are created. Most consumers are very familiar to HK brands of jewelry, such as Zhoudafu, Zhoushengsheng, Xieruilin and so on. Although they are much more expensive, people would rather to buy them than local brands of jewelry. According to the expert, mainland owns a large jewelry market and a lot of creative talents. It will usher a boom in China jewelry market once more, if only a well-recognized brand could be created.

 

According to forecast of related bureau, the volume of China jewelry market is 140 billion US dollars, and has gone up at a rate of 5%-10% annually. However, jewelry market is now on the eve of a new stage with respect to establishment of new famous brands. Firstly, Zhoudafu and Jinzhizun, as two representatives of HK brand of jewelry, as well as Tiffany and Cartier, two typical European brand of jewelry, rapidly invade in and seize the middle and higher-end jewelry market in mainland of China by their fashion designs and creative marketing strategies. Secondly, rate of profit has been cut down from 20% to 3%- 5% around by a wild price rise of original materials as a result of the rapid growth over the past two decades. It has been a bottleneck for a great deal of small and medium-sized jewelry enterprises in mainland and threatens the survival and development of the enterprises that cannot break out. Thirdly, some of the jewelry enterprises growing up and developing in mainland have been qualified to compete with famous brands from outside. No one will look down upon jewelry market in mainland of China in the not far future.

How to Enter the Wholesale Jewelry Market

When we speak about fashion wholesale jewelry, there are large options available out there. These accessories are tremendously popular amongst ladies because of their trendy designs and inexpensive prices.

If you are looking for an item of jewelry that has good quality in terms of finish, semblance, price and size, fashion jewelry is the perfect choice. There are some potential benefits of trading in wholesale jewelry but individuals frequently don’t realize it.

Fashion jewelry is essential for someone who loves jewelry. Tons of purchasers specially look out for fashion jewelry; so if you are engaged in having a jewelry store, make sure you have ample designs for client.

When we speak about wholesale jewelry, there are many kinds of accessories in the market. In summation to silver and fashion jewelry, the market is loaded with a exquisite collection of costume jewelry. These supplements are especially contrived to match different costumes and are immensely fashionable amongst ladies.

If you have made up your mind to jump into the wholesale business, then silver jewelry will return juicy business chances. Gold is out of style and people are getting more appealed towards silver tones. Silver jewelry is inexpensive and is no way less trendy than gold jewelry. Platinum is another choice to silver jewelry however it is very expensive.

While buying wholesale costume jewelry, it is important that you do a small business research. Try to find out what buyers are actually searching for and make sure that you handle with a provider who trades quality products. If the jewelry is not good in terms of quality, you would loose your clients. After all, nobody is engaged to compromise on this factor.

You might get an good number of wholesale fashion jewelry vendors on the Internet. The jewelry manufacturers run their internet sites exhibiting several designs that ponder complex craftsmanship as well as quality.

Finding a good wholesale jewelry provider is not a simple task, but if you find one then it will be worthy setting in extra efforts.

It does not count what kind of jewelry you wish to order, what is essential is the supplier you are dealing with. Claim about the quality of metal, gemstones and other materials that he uses in the jewelry making. Another criteria of choosing a provider are through the customization choice. Nothing is best than getting jewelry prepared as per your stipulations. This supplies a touch of personalization to the piece and you can likewise heighten your creative skills. The purchasers approaches you will be entertained to find designs that are unique from the range accesible in the business.

Shopping online is still favourite for UK Market

The UK has shown a keen eye to spend despite the challenging economic conditions and a slight decline in sales reported for 2009. Even so, a staggering £250 billion has been spent by consumers hitting the ‘checkout’ button in the last 10 years.

The love affair of spending online shows no sign of fading as sales have exploded year on year. Little wonder as new media evolves and has allowed Tingleweb to integrate product browsing facilities such as ‘Product Zoom’, ‘Send to a friend’, ‘Wishlist’, ‘Giftwrap’ and ‘Live Stock’ availability within their ecommerce platform.

Tingleweb realise that as businesses continue to advance, so do the marketing and sales trends. We recommend having solutions in place which are easily adaptable and can support change when it happens. Our multi-channel support is growing with the ability to integrate ecommerce with online stores such as eBay and Amazon.

Tingleweb predict ecommerce companies having a greater need for cross-border trading as the UK market continues to spend. Having a website with international support including shipping rates, multi-currency and multi-language options increases your audience but can also encourage trust for the consumer.

Mobile commerce (mcommerce) has also started to become a major technological advancement of the next decade. Improvements in handset technology, browser compatibility and value data packages mean that ecommerce companies should now be budgeting for their mobile store or app.

To date, in 2010 the UK has spent a healthy £26.2 billion online, with June accounting for 20% of that amount. With sales figures like these, shopping online is fast becoming simple, cheap and an easy way to shop, just like every online retailer hoped it would. Why not benefit from the UK’s consumer spending ? If you want an ecommerce store for your business or want to discuss how your online store could be improved, contact Head of Business Development, Lauren Tingle.

A Grand Step For Diamond Jewelry Market In The Corporate Gifting Sector

A grand step for Diamond Jewelry market in the Corporate Gifting Sector

Diamond market further flourishes with its entry in the corporate sector serving itself as an important gifting and promotional tool.

Jewelry has been part of the Indian traditions for centuries. In the past it was treasured as a stone of value and security, but today more than even before the Indian consumer is lining up to buy jewelry that makes a fashion statement or expresses her individuality. Not only the richer class but also the sales were seen to be high in middle class section i.e. we are talking about approximately 300 million middle class consumers.

The rising purchasing power of the Indian consumer at all levels and the boom in the IT and the BPO industries has pushed up people’s desire to spend. India, which has long been the world’s largest consumer of gold, has in the last few years seen the overall jewelry market expand beyond expectations, with changing consumer preferences leading a shift away from heavy gold jewelry to lighter, trendier ornaments. India has tremendously increased it’s sales of diamond jewelry and taught Indians to value design where they once only looked at the intrinsic value of the jewelry.

Diamond no longer is a rich man’s possession, more or less it has turned out to be a fad today to gift diamond studded jewelry. This year itself in the month of February during the Valentine Day one had seen a remarkable upward trend in sales. The valentine day is no longer restricted to only youngsters but now older couples and families enjoy the occasion equally. This was very much evident in the jewelry market this year. Gifting has become an exclusive way of expressing your love and speaks just more than words.

The diamond boom in corporate world recently small, branded diamond Jewelry products are seen exchanged in the corporate gifting industry. Brands are playing a major role in propelling growth in the diamond jewelry industry. Branded products are bolstering consumer confidence with their assurance of quality. Brands cater to vary segments at different price points and new collections of the season are seen with the very coming festival – diwali, giving the customers the power of choice.

Particularly remarkable is the huge boom in the demand for diamond studded jewelry in the corporate segment. Within overall jewelry sales the diamond segment accounts for around 20 – 25% of the total sales in which it obtains 75% of it’s sales from metros. In which around 5-7% of the market sales is seen in corporate gifting. Though constituting in a small manner the corporate market is showing fast growth. It is seen to grow approximately 20% more per year.

The products seen to be most saleable as corporate gifts include small heart shaped diamond pendants, spiritual pendants, colored diamond jewelry, small bud earrings, balis good for casual wear, minakari, kundan and polki work diamond jewelry products etc. Rings are also considered while gifting but they face the problem of size however delicate rings of standard size are also seen to be a part in the corporate gifting product range.

Some of the well known brands ruling diamond market, who have put their foot in corporate gifting are D’damas, Ciemme of C.Mahendra, Adora brand of Concept Jewelry (India) Pvt.Ltd., DTC’s Asmi and Nakshatra to name a few. Festivals play an important role in a person’s life and diamonds have successfully managed to merge itself as a part of their gifting traditions. Diamond pendants and rings at just Rs.999/- & Rs.1999/-. The market demand for diamond jewelry has definitely improved than last year and the growth seems to be fast moving.
So the market definitely seems to be promising.

One has seen that the dominant consumers of diamond jewelry for corporate gifting are the all major pharmaceutical companies and electronic companies. Diamond jewelry products are also used for cross promotions by many travelling agencies, cosmetic manufacturers, clothing industries etc. Even in the banking and service sector this kind of jewelry has worked as an effective promotional tool. Many well known banks present their premium customers with small branded diamond pendants on becoming the proud owner of their gold credit card and such other schemes. Branded diamond product serves to be an ideal gift to the valued customer and being branded it also comes with a touch of trust. The customers are known to preserve such gifts forever.

Diamond Jewelry Gifting

Diamond jewelry as a gift is emerging in the market and not only in the corporate sector but with so many brand ambassadors advertising the brands, it is growing at an individual gifting platform too. The most recent, ‘Swaranjali’ from Adora, to hit the marquee is the signature collection of noted playback singer Lata Mangeshkar, which is said to open a new spectrum in the premium branded jewelry segment in India. Further the retail scenario which is on an upswing in India is said to be supporting the growth of diamond jewelry. There are exclusive jewelry malls opening up in the cities where some of the best brands in the country are deciding to set up shops. Such malls are guaranteed to bring about a revolution in the highly fragmented jewelry industry where the retailers could provide which consumers deserved and desired. This will redefine jewelry-retailing standards, which will encourage Indian consumers, NRIs and foreign tourists to spend more on jewelry thus boosting the Indian industry.

Women Power

Last but not the least the Indian woman’s persona too has changed perceptibly, she is young, urban and independent. The percentage of Indian women who preferred to have a diamond set has grown by more than 300 per cent. It is found by a survey that approximately 15 per cent of Indian women within the upper-economic class own diamond jewelry. Thus the new Indian woman is a reality that no marketer can overlook. Also the diamonds are not just restricted to rings and earring they have now also become a part of a women’s other personal accessories, like diamonds are now studded in watches and bracelets, in their hand bags, clips etc.

One needs innovative ideas to attract and retain customers. Apart from the privilege of choice offered to the consumer, the branded diamond jewelry market has to face competition from the local fragmented jewelry market too and one has to keep it’s step cautiously. A customer today needs to be pampered and it is very essential to know your consumer, as it becomes easier to respond to their needs. Advertising has increased brand consciousness markedly and most importantly, branded and machine-made diamond jewelry has become increasingly more affordable. Diamond jewelry has consumption grown at a blistering 24 % in 2003. India has seen a similar growth pattern in 2004 & 2005 and it will be no different in 2006. The diamond has also stepped into the marriage market, until recently, which was had veritable strong hold of gold jewelry only. Diamond jewelry market is definitely at it’s zenith and has a very promising future ahead as far as corporate and personal gifting is concerned.