Professional Documents
Culture Documents
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March 2017 issue
Issue number 391 CONTENTS
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Pearls
48 Pearl traders cite significant buyer
turnout at HK auctions
50 Sarah Ho enchants with latest pearl
jewellery line
36
52 Designers celebrate beauty of
Tahitian pearls
Gemstones
53 Traders cite steady demand for
Menchén Tomàs’ 2017
Fall/Winter Collection
Technology
40 Jewellery cleaning expert further
strengthens market position
On the Cover
41 Innovative safety deposit box for Sicis Jewels once again impresses
jewellery with this Damisa Gold necklace, which
42 Sarine unveils latest mobile app drew inspiration from Damisa, the
for traders leopard from Tanzania. Its sinuous body
is in white gold and covered with a
Trade Fairs mantle of characteristic spots in Micro
43 Istanbul Fair to welcome thousands Mosaic, diamonds and sapphires. An
of international buyers Imperial topaz dangles from one of its
4 ︱March 2017
Asia’s Leading
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NEWS
JNA Awards
T
he annual JNA Awards celebrates its sixth year
with a stellar panel of judges consisting of five
distinguished experts from the jewellery and
gemstone industry.
Organised by JNA, the JNA Awards recognises
and honours companies and individuals that have
demonstrated excellence, innovation and outstanding
business performance to shape the growth and
development of Asia’s jewellery industry.
An independent panel of industry leaders representing
key sectors of the jewellery trade is carefully selected to
ensure that the judging process is independent, robust,
transparent and intellectually rigorous.
The judges for JNA Awards 2017 are:
• Albert Cheng, advisor to the World Gold Council and
former managing director, Far East (WGC)
• James Courage, former chief executive of Platinum
Guild International (PGI) and former chairman of the
Responsible Jewellery Council (RJC) From top left, clockwise: Albert Cheng, advisor to the World Gold
Council, Far East (WGC); James Courage, former chief executive
• Lin Qiang, president and managing director of the
of Platinum Guild International (PGI); Lin Qiang, president and
Shanghai Diamond Exchange (SDE)
managing director of the Shanghai Diamond Exchange (SDE);
• Nirupa Bhatt, managing director of the Gemological Yasukazu Suwa, chairman of Suwa & Son, Inc in Japan; and Nirupa
Institute of America (GIA) in India and the Middle East Bhatt, managing director of Gemological Institute of America
• Yasukazu Suwa, chairman of Suwa & Son, Inc (GIA) India and the Middle East
Letitia Chow, founder of JNA, director of Business
Development – Jewellery Group at UBM Asia, and of investment and engagement by our industry in
chair of the JNA Awards Judging Panel, remarked, developing employees, improving environmental
“The judging panel is an integral part of making the considerations, raising standards and making
JNA Awards an authoritative, fair and successful event. technical advancements, which are all well-covered
These individuals have been chosen not only for their by the focus of the JNA awards.” Courage is currently
expertise in the jewellery and gemstone industry, a consultant to the jewellery industry, having recently
but also for their dedication and contribution to the retired from his roles as chairman of the RJC and
advancement of the sector.” chief executive of PGI.
“Although we saw a seven-year low for jewellery “It’s my honour and pleasure to serve as a judge
demand in 2016, we have witnessed the resiliency and contribute to the JNA Awards for the sixth
of the jewellery sector – thanks to the gradual consecutive year. In the past five years, I’ve witnessed
corporatization of family-owned companies, and the marked progress in terms of the quality of participants,
adoption of state-of-the-art management know-how the attention it has attracted, and the positive influence
and IT application by enterprise owners and their it has wielded in the industry as a whole. I believe that
teams to their manufacturing, retailing and marketing the JNA Awards will continue to surprise, delight and
processes. We encourage these forward thinkers impress me in new ways,” added Qiang.
and innovators to share their best business practices Bhatt, meanwhile, said, “Year after year, the
through the JNA Awards,” added Cheng. JNA Awards has grown in stature and become
Courage commented, “It has been a privilege synonymous with recognising excellence in the
and a responsibility to have been involved in the jewellery and gemstone industry. This platform
judging of the JNA Awards for the last five years
since its inception. I have observed increased levels continued on page 8
6 ︱March 2017
NEWS
Forevermark
crosses 2,000 retail shops globally
F
orevermark, the diamond even more consumers around the
jewellery brand from The De world.”
Beers Group of Companies, Emil Güzeli, chairman of Zen
is now available in 2,000 retail Diamonds, said: “We are delighted
doors globally, following the to have opened Forevermark’s
opening of the Zen Diamond Diamond ring from the Forevermark Setting 2,000th global retail door, having
Anatolium store in Bursa, Turkey. Collection. Photo credit: Forevermark established our exclusive licensee
The milestone consolidates partnership for the Turkish market
Forevermark’s position as one of Stephen Lussier, CEO of back in 2014 and now having 54
the world’s fastest-growing diamond Forevermark, commented, Forevermark doors in the country.
brands, according to the company. “Opening our 2,000th global retail It’s a young but very popular brand
Forevermark was launched in door around eight years after and offers real opportunity to
2008 with the promise of diamonds launching the brand is an amazing engage consumers with diamonds
that are rare, beautiful and achievement. We will continue to in different ways. The product
responsibly sourced. Since then it invest significantly in the brand to message is very strong and our
has grown significantly and is now support its fast growth. customers are responding very well
available in 25 markets worldwide. “In 2017, we will inscribe to the jewellery designs as well as
De Beers continues to invest our two millionth Forevermark the diamonds themselves.” JNA
substantially in the Forevermark diamond, highlighting just how
brand, with $85 million spent on strong demand
Forevermark’s consumer-facing is for diamond
marketing activities in 2016 to jewellery that’s not
help stimulate global demand for only beautiful and
diamond jewellery. individual, but also
The opening of the 2,000th responsibly sourced.
Forevermark retail door follows a Meanwhile, we will
strong 2016 for the brand, which also expand further
saw a 14 percent increase in door through our licensee
numbers; the expansion into three model in Western
new markets – Hungary, South Europe and Asia
Korea and Thailand; and a 21 in 2017, meaning
percent year-on-year increase in that the Forevermark
inscription numbers. promise will reach A set of diamond jewellery by Forevermark
8 ︱March 2017
NEWS
Boucheron
unveils high jewellery collection
B
oucheron’s latest high mark design that Boucheron first
jewellery collection, 26 launched in 1889.
Vendôme, pays homage
Diamond and
to the renowned jewellery house’s Architecture Inspirée
coloured gemstone
creative heritage. The collection Boucheron said it has always ring from the 26
presents three major themes – been an ardent admirer of abstraction, Vendôme Collection
Nature Triomphante, Architecture whether in geometrical perfection or
Inspirée and Porté Couture. the pure lines of Art Deco. pushed back the boundaries that
The extraordinary jewellery The maison’s first address, 152 separate jewellery from clothing.
pieces were designed by Claire Galerie de Valois, is central to the “It was entirely created
Choisne’s Studio de Création. family history as the place where on a dressmaker’s dummy to
Frédéric and Gabrielle Boucheron ensure perfect fit, drape and
Nature Triomphante started their business in 1858. suppleness, and its elements
According to Boucheron, this A highlight of the Architecture are interconnected by a woven
theme is an ode to the jeweller’s Inspirée theme is an exceptional mesh of golden thread. From the
beloved nature, which is “generous necklace that evokes both the chiselled cut of the overall piece to
yet untamed.” The lily, a legendary atmosphere and the scenic view the delicacy of its twisted chains
flower symbolising power, majesty in Galerie de Valois, thanks to its inset with diamonds, this Mantle
and opulence, takes centre stage in various windows. of Light stretches the limits of
this design theme. Another dominant jewellery-making further than ever,”
feature in Nature Triomphante is the Porté Couture added Boucheron. “A mantle
peacock feather, which figures a lot A tribute to haute couture, this of light, a ripple of diamonds, a
in Boucheron’s iconic designs. design theme celebrates Frédéric’s graphic ribbon made of emeralds
“It is dynamic, in motion and childhood, which was infused with and rubies – an array of pieces to
almost alive in all its variations,” the memories of all kinds of fabric and wear like precious garments.”
jeweller said. materials. Porté Couture melds the realms
A diamond-set white gold With the “Mantle of Light” of haute couture and high jewellery
necklace under this theme is also gold and diamond accessory, and fuses them into one-of-a-kind
a reinterpretation of the question Boucheron said its designers creations. JNA
S
icis Jewels recently launched characterise Butterfly Waterfall
two stunning necklaces – all the jewels necklace by Sicis Jewels
10 ︱March 2017
JNA STYLE FILE
D
esigner Ion Fiz is marking the 15th anniversary of
his fashion house with an inspired collection that
is utterly distinct, opulent and glamorous. There
is a seductive quality to the collection, which comes in
a powerful colour palette of rose, ash, gold and red.
Reflecting the luminosity of Fiz’s designs are these
exceptional collections by some of the world’s major
jewellery brands.
12 ︱March 2017
JNA STYLE FILE
︱March 2017
13
JNA STYLE FILE
Dynamic
silhouette
D
esigner Maya Hansen stunned with her
“Körsettecture” Collection, which she described
as a dialogue between the shapes of the
body, the fabrics and the linear elements that generate
movements or the sensation of movement. For her
collection, Hansen used neoprene knit, poly skins
of different elasticity, padding with a grill effect,
elastic tulles, plumetis and metal-like accents.
The garments featured details such as bias
cuts, ribbons, elastic drawstrings, maxi zips
in polished metal and golden pullers. Black,
beige and lead grey, with a touch of light pink,
dominate the collection’s colour palette.
A perfect foil to the collection’s fitted and
dynamic silhouette are these chic creations by
leading jewellery houses.
14 ︱March 2017
JNA STYLE FILE
︱March 2017
15
JNA STYLE FILE
Bold cuts,
vibrant hues
B
arcelona-based fashion brand
Menchén Tomàs impressed
with its fashion-meets-art
collection, which was unveiled at the
65th edition of Mercedes-Benz Fashion
Week. Designed by Olga Menchén,
the collection was a visual feast –
starting with ensembles in black and
white, followed by pieces in grey and
silver, and eventually exploding into a
burst of vivid colours from ochres and
blues mixed with greens to pinks and
burgundies.
Complementing Menchén Tomàs’
elegant creations are these fine
jewellery collections by Damiani,
Brumani, de Grisogono Geneve and
Carla Amorim.
16 ︱March 2017
JNA STYLE FILE
1. Baoba Bubbles rings by Brumani. The top of each ring features a sphere
of coloured gemstones in different sizes and colours
2. Allegra pendant in 18-karat rose gold set with orange and yellow
sapphires by de Grisogono Geneve
3. Earrings in 18-karat rose gold with diamonds from Carla Amorim’s
Forest Collection
4. ‘Emozioni’ necklace by Damiani. The necklace is set with marquise and
brilliant-cut diamonds. The central diamond is surrounded by a stream of
brilliant-cut stones in graduating sizes – from small to large. The setting
takes on the shapes of leaves and petals. The necklace comes with
matching cuff earrings, pendants and contrarié rings to name a few
Photo credit: Runway photos from Menchén Tomàs’ 2017 Fall/Winter Collection
at Mercedes-Benz Fashion Week Madrid by Getty Images (Image.net)
︱March 2017
17
GREATER CHINA
Lukfook
trains sights on middle-class
market in mainland China
H
ong Kong jewellery retailer Luk Fook Holdings (International) Ltd
is renowned for its jewellery pieces that celebrate the significant
moments in people’s lives such as weddings and birthdays.
In recent years, the retailer has stepped up its strategy to increase
its popularity among middle-class consumers in mainland China. In
an interview with JNA, Nancy Wong, executive director of Luk Fook
Holdings (International) Ltd, shares how the company has adjusted
its products, services, marketing and online sales to win over this
promising market segment.
Tailored approach
To cater to the strong demand for wedding
jewellery in mainland China, Lukfook expanded the
2 diversity of its designs and enhanced its service
offerings for customers, according to Wong.
“In our retail stores, we always make
sure that we have a full range of sizes
of wedding rings in stock, and we
offer free engraving services,”
Wong said. “We even have
gowns in different colours
in our stores so that our
customers can see how the
jewellery looks like when worn
with these.”
Apart from improving its products and
services, Lukfook also took concrete steps to
raise its profile on the mainland. These include
participating in wedding expos, sponsoring
travel websites and establishing cross-sectoral
collaborations with companies targeting the
same customer base, Wong noted.
18 ︱March 2017
GREATER CHINA
or disseminate promotion
information. “When the
followers of these bloggers
share or forward the articles, they are
boosting Lukfook’s popularity at the same time,” 5
she continued.
Market preferences
Middle-class consumers in mainland
China have a strong liking for gem-set
jewellery, which accounts for a significant
portion of the company’s sales. Lukfook
thus spares no effort in catering to the
demands of this lucrative customer base.
“We noticed that mainland China’s
middle class cares about quality of life and
are fond of travel and sports. We therefore
began to link our brand image to sporting initiatives
such as sponsoring the gold medals for several Internal
4 Marathon Races in Beijing, Wuhan, Shanghai and Hong
Kong and providing engraving services,” Wong said.
Lukfook also capitalised on mainland China’s two-
When it comes to marketing, the jeweller has child policy and presented parent-child product lines to
become increasingly adept at using social media attract middle-class families. In 2014, Lukfook launched
platforms such as WeChat, and other channels to the gold jewellery collection, “Hugging Family,” which
launch campaigns. “WeChat, with its tremendous celebrates the happiness of family life, and the colourful
number of users in mainland China, has provided Rilakkuma™ Collection embellished with various coloured
us with a very interactive and flexible channel for our gemstones and enamel. The retailer also improved its
marketing campaigns,” Wong said. family-oriented services such as providing picture books
But since consumer habits and preferences vary in and educational video clips for children in its retail stores
different cities or provinces, Lukfook also resorts to many to keep them entertained while their parents are
other marketing channels in the country, she noted. buying jewellery.
“You need to know where and how to use each
of these channels so as to maximise the marketing Online platform
impact. For instance, we once organised an event E-commerce has become a pivotal
in Shanghai where fans could meet our brand element in developing retail business on the
ambassador, Raymond Lam. The event did not only mainland. Lukfook currently has a presence on
enjoy robust on-site attendance, it also drew a live- more than 10 popular e-commerce platforms
feed audience of more than 400,000 viewers. It was a in China. In the last two years, its online sales
great success,” Wong said. have doubled annually.
Lukfook also commissioned renowned bloggers in “From this year onwards, we
mainland China to publish articles about its products are targeting annual growth of
more than 50 percent in online
sales,” Wong noted.
1. Lukfook’s retail store
Fast-moving products on the
2. Lukfook’s Hugging Family pendants and bracelet
e-commerce platform are gold
3. Nancy Wong, executive director of Luk Fook Holdings
(International) Ltd jewellery pieces priced below
4. Luk Fook Holdings (International) Ltd Executive Director RMB1,000 (around $145) each, 6
Nancy Wong and Hong Kong actor and singer Raymond she added. Looking ahead,
Lam at the launch of Love Forever’s new collection
Wong said Lukfook is planning
5. Lukfook’s Rilakkuma™ bracelet and red packet with a
gold coin
to further enhance its product
6. In 2016, Lukfook sponsored the gold medal for the
portfolio and divert online
Internal Marathon Races held in Beijing, Wuhan, Shanghai interest to jewellery pieces with
and Hong Kong higher price points. JNA
︱March 2017
19
Renowned judges set
standards for
Xifu
jewellery design competition
The Xifu International Gold Wedding Jewellery Design Competition 2017, which kicked off
this January, is accepting entries from March 1 to May 31. The Grand Prize includes a 1kg
gold bar. The competition, co-organised by JNA & CJNA of UBM Asia, the World Gold
Council and the People’s Government of Yantian District, Shenzhen, is aimed at encouraging
creativity in wedding jewellery design. In an interview with JNA, the judges, comprising
renowned professionals from the jewellery, arts and design sectors, share their thoughts on
jewellery design and reveal their expectations from the participants.
Norman Cherry
Professor Norman Cherry, who chairs the judging panel, said that a jewellery
art work is made unique by its special structure, shape, colour and materials, as
well as the emotions, stories and meanings that it represents.
Cherry believes that the competition, with its high professional standards,
can raise the profile and acceptance of gold wedding jewellery around the
world. Aside from drawing participation from different countries and regions, it
would also increase the popularity of gold wedding jewellery in the international
market and yield new inspiration and design concepts for the gold wedding
jewellery industry.
Cherry was the former Pro Vice Chancellor for Arts at the University of
Lincoln and former head of the renowned Birmingham School of Jewellery.
He has been a creator, educator and curator since 2014. He currently represents international clients in
collaborating with universities in China and other countries, and provides consulting services to jewellery
manufacturers on how to nurture young designers. He has also curated several successful international
contemporary jewellery exhibitions.
Cherry’s advice to the contestants is to be original and daring while remaining true to their nature and
emotions. According to him, good designers always ask themselves two questions: “Why?” and “What if?”
Designers should always be very clear about their objectives and brave enough to keep trying to achieve
these, he explained.
Ben Mori
According to modern artist Ben Mori, possessing a unique and outstanding
gold wedding jewellery piece for one’s nuptials would be extremely memorable
to newlyweds. As one of the judges in the Xifu competition, Mori said he
couldn’t wait to be impressed by the contestants’ innovative designs.
Mori graduated from Keio Jr. High and the Rhode Island School of Design,
majoring in Graphic Design. He is the founder of fashion brands “Ben Mori”
and “White Raven,” and conducts exhibits of his artworks in Japan. He has
expertise in various fields of art such as 2D and 3D drawing, liberal arts and
graphic design.
22 ︱March 2017
Paola De Luca
To Paola De Luca, gold stands for purity and, hence, symbolises the
lifelong commitment of marriage. She remarked that Chinese consumers are
now avid followers of fashion and beauty, noting that the younger generation of
consumers is particularly appreciative of the design and the story behind a piece
of jewellery.
De Luca said the much-improved quality of life in China has led to higher
and different expectations among younger consumers when it comes to gold
wedding jewellery. The cross-cultural influences the competition would generate
are likely to stimulate the gold wedding jewellery industry and provide the market
with new and modern design ideas for this product category.
De Luca is not only the founder and creative director of the Futurist Ltd in
Italy, but is also a renowned luxury trend forecaster with particular expertise on global jewellery design trends.
She runs design projects and educational programmes for buyers and government organisations, and
conducts seminars on global jewellery design trends at international trade fairs. She also collaborates on
design projects with leading companies in the industry such as Rio Tinto Diamonds. In 2012, she co-founded
TRENDVISION Jewellery & Forecasting in partnership with Italy’s VicenzaOro Fair. De Luca’s trend books are
much sought-after resources on jewellery design.
Tang Xuxiang
Professor Tang Xuxiang from Tsinghua University in Beijing noted that
Chinese consumers increasingly place a premium on culture, art and tradition
in jewellery. The biggest challenge of this competition is thus to meet younger
consumers’ expectations of gold wedding jewellery. As a judge in the Xifu
competition, he is looking forward to seeing new ideas in design.
A professor, doctoral advisor and the director of the Jewelry Studio of
the Academy of Arts and Design at Tsinghua University, Tang adheres to the
philosophy of learning from tradition and adapting to contemporary times. He is
an expert on traditional Chinese metalcraft, modern art and design, and delivers
lectures on modern metal jewellery design at Tsinghua University.
A talented designer himself, Tang has participated in a number of
international exhibitions. Several of his pieces have won awards, including his entry “Coffee Ware” that garnered
the silver medal at the 10th National Fine Arts Exhibition.
Stephen Webster
Celebrated jewellery designer Stephen Webster, also a judge in the Xifu
competition, values the concept of “Oneness” in jewellery art pieces. To him,
a touching piece of jewellery is the combination and synergy of spirit and
physical form.
The award-winning designer has served on the judging panels of many
competitions. He described the Xifu contest as an important milestone for the
innovation of gold wedding jewellery.
Webster’s jewellery brand infused Rock ‘n Roll influences into fine jewellery,
shaking up the jewellery establishment with its fresh, bold and modern designs.
It soon acquired a celebrity clientele including the likes of Madonna. Webster
curates Rock Vault, an initiative of the British Fashion Council to mentor, support,
showcase and promote the innovative, fine jewellery talents from Britain.
Information provided by the Xifu International Gold Wedding Jewellery Design Competition Organising Committee.
For more information, visit www.xifudesigncompetition.com/en.
︱March 2017
23
JEWELLERY: INDIA
Itan Jewels
Established only four years ago, Itan Jewels
has carved out a niche for itself in the gold bangle
business, producing lightweight pieces either in
plain gold or embellished with diamonds, coloured
gemstones and pearls.
According to company director Yuvraj Pahuja, Itan
Jewels – “Itan” is the Sioux word for “chief” – lives up
to its name. The company has rapidly made inroads
into important gold jewellery markets such as India,
the Middle East and North Africa by combining fine
craftsmanship and the latest gold jewellery manufacturing
technologies to produce bangles that transcend
traditions and trends. Although the bangle expert is only
four years old, the people behind it have more than four
Yuvraj Pahuja,
decades of experience in the jewellery industry. director of Itan
Lightweight gold “Our strength undoubtedly lies in the creation of Jewels
ring by Itan Jewels unique gold bangles spanning a wide variety of ornate
styles, designs and gem-stone settings that
adorn the wrists of women around the world.
Additionally, we add sparkle to our customers’
wardrobe through couture jewellery that are
created in affiliation with our sister companies.
We take pride in the fact that our collections
stand out due to our commitment to
excellence and attention to detail, making them
true objects of desire,” the company said.
Pahuja said the family-owned business
operates four factories, each of which
produces different kinds of jewellery. “This
enables us to cater to every need and every
style. Our focus is on high-quality innovative
24 ︱March 2017
JEWELLERY: INDIA
designs,” he said, adding that one of the group’s just for our bangles. We have different sets of designs for
bigger facilities is in Dubai. other product categories. The fact that we can deliver a
“Being a younger operation, we have been able wide range of fresh designs endears us to customers, and
to capture a lot of new technologies. The older this gives them a compelling reason to come back and do
companies are not as innovative. We’ve taken a lot repeat business with us.”
of new technologies and new concepts, and we’ve The market for lightweight gold jewellery remains
brought those to India and to our new factory in Dubai. robust. Mehta said consumers love the voluminous, bold
Our growth has been exponential in the last four years look of Veer Jewels’ 22-karat bangles, which are pegged
but obviously, there’s a lot of hard work and team at affordable prices since they contain less gold.
effort behind it,” said Pahuja. “The market wants lightweight gold jewellery. We
Employing more than 500 people, Itan Jewels produce bangles containing 10, 16, 32 and 35 grams
has caught the fancy of women everywhere with of gold, which means we have a product that fits
its lightweight bangles, ring-to-wrist bracelets, rings virtually every budget. To top it off, every piece of bangle
and opulent suites in traditional yellow gold or gold that we sell is handmade,” he said.
in different colour combinations. The company has
perfected gold finishes that give its bangles and rings Swarn Shilp Chains
a luxurious feel to them, giving them texture and the One of India’s biggest gold
effect that the metal’s surface is set with sparkling chain manufacturers, Swarn Shilp
diamonds. At Signature IIJS, Itan Jewels presented a Chains Pvt Ltd counts on quality to
collar-shaped bangle with an elongated segment that achieve its growth ambitions. The
reaches the back of one’s hand. The metal’s surface company has thousands of chain
appears to be set with diamonds, thanks to its superb designs in its arsenal, which meet
finish, and embellished with pear-shaped diamonds. the preferences and budgets of
“What we can visualise as far as design is practically every market segment,
concerned, we can deliver,” Pahuja said. “With the said Arvind Ranawat, chairman and
amount of work that we put into each piece, I’d say managing director of Swarn Shilp.
we are offering the best price in the market today.” “Business had been very, very
Currently, the company produces more than 10,000 good for us in 2016 and I expect
bangles each month, and its facilities have the capacity more of the same this year,” Ranawat
Arvind Ranawat,
to ramp up production when said. “We put customer
chairman and
required. service and product quality
managing director
above all else, and since
of Swarn Shilp
Veer Jewels we have been investing Chains Pvt Ltd
Jaswant Mehta of Veer heavily in technology,
Jewels is just as bullish about his design and craftsmanship, the latter is
company’s business prospects in something that we deliver consistently.”
2017, thanks to India’s love affair Every week, Swarn Shilp receives orders
with gold. The gold ornament from buyers, he continued.
manufacturer prides itself on its “People come to us for all their gold
extensive range of wrist jewellery, chain needs. We have a team that constantly
which Mehta said is culled produces new designs, and our clients
from the company’s – consisting mostly of wholesalers –
collection of more than love this about us. The market is very
2,000 designs. competitive, which means you have to
“We produce exciting have something new to offer the market
collections every six each time to acquire new clients and
months,” he said. “The keep your existing customers happy,”
2,000 designs that I Ranawat said.
mentioned earlier are The gold chain maker is raring to
open its Hong Kong office, he added.
Jaswant Mehta of Veer “We are exploring new business
Jewels and handcrafted opportunities,” said the company chief.
22-karat gold bangles by “Quality gold chains will always be in
Veer Jewels demand.”
︱March 2017
25
JEWELLERY: INDIA
armlets, earrings
(jhumka) and bangles
to name a few.
“These pieces
are essential at
weddings,” said
company owner
Rajesh Agarwal.
“The gold belts, for
example, are worn
in South India. The
Mehul Gandhi of Astmangal designs are inspired
and gold bracelets and by traditional motifs, and are made of
chains by Astmangal 22-karat gold. In terms of gold weight,
they could be anywhere from 150
Astmangal, Rajshree grams to 250 grams of gold.”
Jewellers and V. K. V. K. Jewels has found its niche in
Jewels India’s affordable luxury market. The
One of India’s manufacturer produces handcrafted
established producers of 18-karat gold collections embellished
handmade gold chains with cubic zirconia and simulants.
and bangles, Astmangal “It is cubic zirconia set in 18-karat
impressed buyers at the gold,” company
show with its extensive executive
collection of plain gold and Shenki Jain
diamond-studded pieces. said. “What makes us distinct
“The fact that our jewellery is that each item you are seeing
collections are handcrafted gives us an edge in the here is made by hand. These
market,” said company executive Mehul Gandhi. pieces are more affordable
“Today, we are the largest but they are just as
manufacturer of handmade refined and as striking
gold chains and bangles in as collections set with
Gujarat, and we have 300 diamonds and coloured
artisans who work on our gemstones.”
collections to give them that V. K. Jewels’
brilliant finish.” latest collections
The company produces combine traditional and
collections in plain gold contemporary sensibilities.
and fine items studded with Most of the pieces are
diamonds. three-dimensional, such
Rajshree Jewellers has as its cuff bracelets set Shenki Jain of V. K.
found success in India’s with stones wrapped in Jewels
bridal jewellery market. thin gold
The manufacturer, wires and embellished with
which has been mother-of-pearl shells.
in business for 80 “Currently, we are expanding
years, specialises our reach in India. We are
in the production of focused on Gujarat, Karnataka,
opulent multi-layered Jaipur and other major areas,”
necklaces, belts, said Jain. “What’s so great about
our collections is that they appeal
Rajesh Agarwal of Rajshree to women everywhere. Our pieces
Jewellers and gold armlet are also meant to be enjoyed and
by Rajshree Jewellers can be worn on all occasions.” JNA
26 ︱March 2017
JEWELLERY: HONG KONG
HKdisplay
jewellers
design and
manufacturing expertise
H
ong Kong-based jewellery manufacturers
are flexing their design and manufacturing
muscles anew with fine jewellery
collections that appeal to a diverse international
clientele, cementing the city’s status as a major
jewellery hub.
The companies, banking on improved market
demand in 2017, presented an eclectic selection of
diamond and coloured gemstone jewellery at the Hong
Kong International Jewellery Show.
Here’s a look into these jewellers’ latest collections in
contemporary and classic designs.
︱March 2017
27
JEWELLERY: HONG KONG
Over the years, it has also collected a number of 200 people and produces more than a thousand
industry design awards in Hong Kong and overseas. pieces of jewellery per month. The manufacturer
The company counts North and South America, the maintains a team of more than 20 designers in China.
Middle East and Japan as its largest markets. It is also At present, ABBA Jewellery’s main market is still
developing potential markets in Russia and Australia. the US, which comprises 60 percent to 70 percent of
“Leveraging on its years of experience in its business, followed by Europe, Australia, the Middle
adopting the ODM (Original Design Manufacturing) East and Asia, specifically China.
and OBM (Original Brand Manufacturing) models,
and other competitive advantages, Noble Jewelry Dynasty Jewelry Ltd
is also building its expertise in the OSM (Original Counting on the
Strategy Management) business model to provide global jewellery market’s
a management mix and value-added supply-chain incessant appetite for
services to customers,” noted the company. coloured gemstones,
Dynasty Jewelry Ltd of
ABBA Jewellery (Mfg) Ltd Hong Kong recently unveiled
ABBA Jewellery (Mfg) Ltd upgraded its fine a collection of ruby, sapphire and
jewellery portfolio with edgier products in 18-karat gold emerald jewellery with diamond
and titanium. embellishments.
Its latest collection features gemstone-embellished According to the
pieces in classic and contemporary designs that are company, each coloured
competitively priced, according to the jeweller. gemstone used in the
“Our new jewellery collection is bursting with collection brings to mind Diamond ring with a
colour, which makes the pieces all the more attractive. famous cultural traditions and sapphire centre stone
It is also set in a combination of 18-karat gold and life’s most significant moments. by Dynasty Jewelry Ltd
titanium,” noted ABBA Jewellery. For instance, an emerald
The company said it is aiming to build stronger and diamond ring in 18-karat gold is a reference to
business ties with clients from the US, Europe and everlasting providence while a two-stone ring adorned
the Middle East by constantly enriching its product with a ruby and a sapphire embodies genuine love,
selections. with blue symbolising truth and red signifying love.
ABBA Jewellery has been in the Founded in 1995, Dynasty Jewelry enjoyed
business of manufacturing tremendous success in the US, Japanese and
fine jewellery in 18-karat gold European markets in its first 10 years of operations.
for more than 25 years. The After a lucrative stint in its traditional markets,
manufacturer specialises in Dynasty turned its attention towards Eastern
diamond jewellery and other Europe and the Middle East, and more recently
pieces adorned with sapphires, to China, citing favourable business prospects.
rubies and tourmalines. Dynasty Jewelry specialises in fine jewellery in
It operates a production facility 14- and 18-karat gold set with diamonds, emeralds,
in China, where it employs over rubies, sapphires, opals, black pearls and South Sea
pearls. The company also implemented a new design
concept of mixing and matching various gemstones to
Top: Blue topaz ring
achieve a more modern and fashionable look.
with diamonds by
In a previous interview, Shelly Wong, director of
ABBA Jewellery
(Mfg) Ltd.
Dynasty Jewelry, said Asian consumers’ growing
Left: Ring interest in fine jewellery and coloured gemstones,
adorned with coupled with volatile market conditions in the US
tourmalines and Europe, are driving Dynasty to a new business
and diamonds direction, according to Wong.
by ABBA Jewellery
(Mfg) Ltd Bri-Star Jewellers Ltd
A refreshing fine jewellery collection, which casts
the spotlight on emerald-cut and baguette diamonds,
is further testament to Bri-Star Jewellers Ltd’s world-
renowned jewellery design and manufacturing know-how.
28 ︱March 2017
JEWELLERY: HONG KONG
︱March 2017
29
CONVERSATIONS
Iconic
jeweller to grow
international presence
By Marie Feliciano
A
prestigious luxury jewellery house
with an incredible legacy, India-based
Birdhichand Ghanshyamdas Jewellers
is preparing to drive its growth this year by
expanding in international markets and fortifying
its position as a global player in the world of
haute joaillerie.
30 ︱March 2017
CONVERSATIONS
︱March 2017
31
CONVERSATIONS
32 ︱March 2017
DESIGN
Designer
captivates with
culture-inspired pieces
By Bernardette Sto. Domingo
I
ndonesia-born Chinese designer
Erny Pontoh Johnstone is making
strides in Asia’s fine jewellery
sector, thanks to her innate flair
for beauty and innovative use of
diamonds and coloured gemstones.
A private banker by profession, the
designer decided to pursue her passion
for jewellery in 2009 and eventually founded
Kura Fine Jewellery of Hong Kong.
Johnstone sat with JNA to talk about her transition
into the world of jewellery design and her long-term business
strategies.
34 ︱March 2017
DESIGN
︱March 2017
35
DESIGN
OPEN GROUP I:
CHAMPION
Product name: Bright Radiance
Category: Earrings
Designer: Luo Jin Jiao
Company: Peter Lam Jewellery Ltd
36 ︱March 2017
DESIGN
︱March 2017
37
DESIGN
38 ︱March 2017
DESIGN
︱March 2017
39
TECHNOLOGY
Jewellery
cleaning expert further
strengthens market position
jewellers. If you are selling quality the world’s finest-quality cloths
jewellery, it makes sense that you and cleaners that really work.
would want to put your name on Town Talk Polish isn’t about whims
a quality cloth to go with it. Own and gimmicks – and professional
Town Talk Polish Exquisite Jewel Sparkle branding offers jewellers a great jewellers are taking note.
and Silver Sparkle way to promote their name and
offer a valuable service to their JNA: What are your notable
T
own Talk Polish Co Ltd of customers at the same time. achievements in 2016?
the UK is banking on more Smyth: Town Talk was shortlisted
than a century of expertise in JNA: Which are your major as Suppler of the Year at the UK
the jewellery cleaning and polishing markets? Retail Jewellery Awards in 2016.
sector to drive growth over the Smyth: We sell all over the world We were also involved in the
coming years. and our packaging is available in International Jewellery London’s
Established in 1895, the many different languages to meet Kickstart programme, which
company said it produces the international market demand. identifies up-and-coming jewellery
finest-quality jewellery cleaners and We’re especially proud that we’re designers. We’ve been working
polishing cloths from its factory in the cleaners of choice of many of closely with the winner – Marina
the UK. the world’s jewellery workshops; Skia – in creating a supply of ‘own
In an interview with JNA, this means that customers really brand’ cleaning cloths, which she’ll
Andrew Smyth, managing can feel confident that they are use to help her customers care for
director of Town Talk, shared the using the same products as the their new jewellery purchases.
company’s legacy, strengths and professionals.
business strategies going forward. JNA: Please share with us your
JNA: What is your business latest projects and initiatives
JNA: Where does Town Talk strategy in Asia, Europe and in 2017. Will you offer new
specialise in? the US? products and services?
Andrew Smyth: We have the Smyth: For over 40 years, Smyth: While our research team
widest range of products in the Town Talk has worked closely is always looking at new ideas, we
market. We provide cleaners for with our customers across have to remember that the Town
all types of jewellery, from high- the continents. We continue Talk formulations are historically
end to costume jewellery, that are to be a major supplier of ‘own proven and the finest in the world.
individually tailored for gold, silver, brand care products’ to leading They work brilliantly and reliably
diamonds, pearls and watches. It’s manufacturers, distributors and so they’re here to stay. We’re
important to us that the products retailers of premium and luxury also busy following trends in the
are easy to use and give brilliant products across Asia, Europe and jewellery business. We want to
results every time. We also want the US – from custom-printed, ensure that the type of jewellery
them to look good, which is why purpose-specified cleaning cloths being made and worn can be
we put so much emphasis on our to the finest jewellery and precious cleaned by a Town Talk product,
packaging. For years, we have metal cleaners. We’re growing and its application remains
specialised in ‘own branding’ our our network as customers get to simple and reliable. Whether it’s
jewellery cleaners and cloths. We know the reliability of the products. a cloth, liquid polish, dip, spray
can confidently say that we are the There are a lot of poor quality or tissue, we’ll always make sure
world leader in this. Our customers cloths and cleaners around so our it’s of the finest quality. We have
range from large jewellery retail main business strategy remains some exciting plans for 2017 and
chains to small independent the same worldwide – to supply beyond; we’ll keep you posted. JNA
40 ︱March 2017
TECHNOLOGY
Innovative
safety deposit box for jewellery
A
nglo East Group is materials that are capable of Group said, adding that these
presenting Best Guard, withstanding the most advanced extremely durable but lightweight
a series of safety deposit modern break-in methods. devices keep transportation and
boxes that provide “customisable Offered in a range of six sizes, installation costs to a minimum.
and highly secure options for the Best Guard series comes “The three-way bolt work
safeguarding valuables such as in resistance grades II, III, IV, V featured in the locking mechanism
jewellery.” and VII to meet specific security is made of solid rectangular
According to the company, requirements, added Anglo East steel bolts fitted with blocking
the devices incorporate advanced Group. devices for maximum resistance
bolt work mechanisms and state- “Best Guard offers the same against tampering and break-
of-the-art reinforced composite advanced security features, high- in. A wide range of compatible
quality workmanship and locking combinations and optional
stringent quality control thermal and impact sensors further
as other high-end safes enhance protection through state-
on the market, but at of-the-art technology,” it noted.
much more competitive “Elegant in design and simple
prices. It is your perfect to install, the Best Guard series
choice for storing comes in light or dark grey, while
jewellery at home or in other colour requirements can be
the office,” stated the met upon request. Interiors are
company. finished in luxurious wood panels
The boxes are and optional leather mounting
made of high-quality while the ergonomically shaped
steel and ultra-high performance handle lends its surroundings a
Best Guard series concrete or UHPC, Anglo East classic touch.” JNA
U
S-based Gemlogis is offering Lapis One, a
rechargeable multi-gemstone tester that is
used to distinguish the difference between
Lapis One
diamonds, moissanites and simulants.
“The Lapis One is highly accurate. It uses ‘visible whose early influence in the industry proved significant
violet light’ technology to illuminate a moissanite, to later developments. At present, the company
which excites the atoms and improves electrical creates innovative products by incorporating aesthetics
conductivity. This facilitates the tester to successfully to its research and development process. Over the
detect moissanites,” noted Gemlogis. “The Lapis One years, the company has built a strong reputation as an
also features a unique ATC (ambient temperature OBM and ODM.
compensation) solution for increased accuracy.” It has manufacturing facilities in Dongguan, China.
Other features include a retractable tip, which helps The company also has several ISO certifications under
maintain constant pressure against the gemstone; its belt including ISO9001, ISO14001, ISO13485 and
quick and accurate testing of loose or mounted TS16949.
stones, regardless of shape or size; 10 hours of “We have a team of staff members and engineers
continuous operation; and a two-year warranty. overlooking the entire production to ensure the
Gemlogis said the company was co-founded highest-quality control and flawless operation,” the
by an established gemmological precision engineer company said. JNA
︱March 2017
41
TECHNOLOGY
S
arine Technologies Ltd is process, the company said. – including its light performance
aiming to give diamond and “We live in a world of grading, diamond imaging, its cut
diamond jewellery buyers a contradictory forces. It’s a world and craftsmanship, the hidden Hearts
personalised shopping experience equally driven by heads and and Arrows pattern, authorised lab
with the launch of the new Sarine hearts. Information and emotion. report information, and the diamond
Connect. Technology and human connection. seller’s integrated marketing media.
Sarine Connect is a point-of- There’s a new generation of This information provides all the
sale mobile app for diamond and diamond buyers, who are seeking a details about the individual diamond
jewellery traders and retailers. new kind of purchase experience,” that reveals its character, true
According to the company, Sarine said Uzi Levami, CEO of Sarine. appearance and desirability. Sarine
Connect integrates with Sarine “Today’s jewellery retailers Profile is fully customisable so the
Profile to store and manage must provide customers with a seller can choose to include those
comprehensive diamond information, meaningful, personalised experience parts of the diamond story that best
with an advanced search and that puts them in the centre, meet the needs of the customer,
display tool for instant and focused coupled with reliable diamond the brand identity and the marketing
presentation of diamonds and information that gives the modern goals, he added. JNA
A
broad range of jewellery boxes, ladies’ and men’s
boxes and displays is now jewellery boxes, cigar
available from Hong Kong- humidors, fountain pen
based Firmstock Ltd. jackets, unique game boards
According to the company, and presentation boxes,” the
its latest collection of jewellery company said.
packaging and display products are In addition to producing
aimed at jewellery manufacturers, prestige consumer products,
retailers and dealers. Firmstock can also advise
“Firmstock is your ultimate partner and produce fine custom- Jewellery boxes from Firmstock Ltd
in design and production as we help made wood crafts exclusively for
turn your merchandise ideas into end respective OEMs. has built an extensive inventory
products. Our current collections With over 17 years of of premium-quality products for
include high-end luxury watch and experience in the jewellery display a broad range of clients, the
jewellery displays, prestige watch and packaging industry, Firmstock company said. JNA
42 ︱March 2017
TRADE FAIRS
1
2
Istanbul Fair
to welcome thousands of international buyers
T
he 44th edition of the Istanbul Expo (Istanbul Fair Center), the “The Istanbul Jewelry Show has
International Jewelry, Watch four-day show offers a number of always been a well-organised and
& Equipment Fair (Istanbul attractions, including a Mineral & successful exhibition. We’ve had the
Jewelry Show-March edition) is Fossil section. good opportunity of meeting with
anticipated to draw quality buyers Organised by UBM Rotaforte, new companies to place an order.
who are looking to replenish their IJS-March is one of the must- We will attend the next show, too.”
inventories in preparation for their attend events on the jewellery trade Yunus Korkan, sales manager
peak demand periods. Scheduled show calendar. Last year’s March at Kayagold, described the fair’s
for March 16 to 19 at the CNR edition occupied 60,000 square March 2016 edition as “very good”
metres of gross exhibition space, for the company. “We liaised with
drew 21,000 buyers from 110 new clients from Europe and
countries and featured more than China. We are very happy with this
1,250 exhibitors from 27 countries, year’s edition,” Korkan said in an
the event organiser said. earlier interview.
IJS-March serves as a unique “Turkish designs are popular
networking event and opens up in Hong Kong and China while
business opportunities to jewellery Arabian customers prefer pieces
professionals from Eastern with more elaborate designs. The
Europe, Russia, North electroforming technique is popular
3 Africa, CIS countries and among Arabs, Europeans and
the Middle East, UBM Italians,” he continued.
1. Buyers fill out Rotaforte added. The top foreign buyers during
registration forms The fair features the 2016 March edition were
to obtain their show major jewellery brands from Iran, Algeria, Saudi Arabia,
badges. The B2B fair
is open to qualified and manufacturers Lebanon, Greece, Israel, Tunisia,
buyers only specialising in diamond, Ukraine, Germany, India, Syria,
2. The Istanbul plain gold, pearl and Macedonia, Jordan, Bulgaria, Iraq
Jewelry Show offers
a wide array of fine jewellery collections in silver jewellery; loose diamonds, and the United Arab Emirates.
various styles coloured gemstones and pearls; Sermin Cengiz, managing
3. The Istanbul Jewelry Show attracts jewellery mountings; display director of UBM Rotaforte,
buyers from Europe, CIS countries, Middle
East and North Africa. The fair’s March and packaging products; and underscored the significance of
2016 edition drew more than 21,000 machinery, tools and equipment. IJS, noting that Turkey’s jewellery
buyers from 110 countries, according to Commenting on the show, manufacturing sector is eyeing $5
the show organiser
4. Coloured gemstone and diamond Chakroun Achraf of Tunisia- billion worth of exports by 2018
necklace by Roberto Bravo based Jewelry Chakroun said, and $12 billion by 2023. JNA
︱March 2017
43
TRADE FAIRS
Upbeat mood
prevails at Signature IIJS Mumbai
By Marie Feliciano
E
xhibitors at the 10th edition of Signature IIJS
(India International Jewellery Show) Mumbai
were generally positive about their business
prospects this year, citing resilient domestic demand
despite prevailing global economic uncertainties.
Mehul Gandhi of Astmangal, a company which
specialises in the production of handmade gold chains,
told JNA, “Signature IIJS has always been a very
successful show for us. We saw several buyers at the
From left: GJEPC Executive Director Sabyasachi Ray; Manoj
show, and many of them have placed orders on-site.”
Dwivedi, joint secretary of India’s Union Ministry of Commerce;
The fair provides India’s jewellers the platform that GJEPC Chairman Praveenshankar Pandya; WFDB President Ernest
they need to network with potential buyers at home Blom and Saunak Parikh, convener for Exhibitions – National of
and from overseas, he continued. “Judging by the GJEPC, present the exhibition catalogue
number of customers that I saw at Signature IIJS, the
Indian market remains strong; hence, we are expecting Bangladesh and Nepal attended the show, the council
2017 to be another good year for us,” said Gandhi. added. “GJEPC has been conducting several trade
Rajesh Agarwal of promotion initiatives, and our exhibitions are among
Rajshree Jewellers said India’s the most popular and recognised ones,” GJEPC
demonetisation initiative only Chairman Praveenshankar Pandya said. “Signature IIJS
had a temporary and marginal has been one of the most sought-after exhibitions after
impact on jewellery sales. “The IIJS (August). This year, its significance has gone up
market has since stabilised,” since the gem and jewellery sector is looking forward
Agarwal said. “My company to growth in exports following recent challenges.”
has not been impacted at Signature IIJS was held in conjunction with the
all, and we are anticipating fourth edition of the India Gem & Jewellery Machinery
another solid business Expo (IGJME), a trade fair showcasing the latest
performance this year.” innovations of machinery, tools, components and
The manufacturer, packaging manufacturers to name a few.
WFDB President Ernest
Blom visits one of the
which produces bridal gold Saunak Parikh, GJEPC’s convener for Exhibitions
booths at Signature IIJS jewellery, noted that buyer – National, said, “Signature IIJS serves as an ideal
feedback to its collections of platform to gain insights into current market trends and
earrings, armlets and belts was encouraging. demand. IGJME complements Signature IIJS with its
Organised by the Gem & Jewellery Export technological prowess, making it a one-stop sourcing
Promotion Council (GJEPC), Signature IIJS featured destination for manufacturers. We have extended the
more than 500 exhibitors occupying over 1,000 timings of the four-day fair to enhance interactions
booths at the Bombay Exhibition Centre. The show between exhibitors and visitors.”
attracted around 15,000 visitors from more than According to GJEPC, overseas visitor registration
455 cities in India, in addition to buyers from over 55 at Signature IIJS’ 10th edition recorded a sharp
countries, during its four-day run, according to GJEPC. increase compared to year-ago numbers. One of the
Buyer delegations from markets such as the UK, show’s main attractions is the Signature Club, which
Iran, Russia, Uzbekistan, Turkey, Lebanon, China, casts the spotlight on the latest collections of the
Hong Kong, the UAE, Saudi Arabia, Oman, Sri Lanka, country’s leading brands and ateliers. JNA
44 ︱March 2017
PEARLS
1 2
B
uyers from major international Tahitian and South Sea pearls,
pearl markets in the US, which are all very saleable; there’s
Europe and Asia flocked to not much waste.”
Rio Pearl’s auction held on February “Another advantage is we
21 and 22 in Hong Kong. have a large office. A lot of our
According to Jonathan Cheng, Japanese buyers prefer the
director at Rio Pearl, the 2017 window seat where there’s
auction saw a “good, diverse natural light so they can better
turnout.” view the pearls. This is actually
“We had a pretty good amount a showroom for our jewellery
of people that came this time but we renovated it to be able
from the US, Tahiti, Europe, all to transform it into an auction
across the Greater China region, house every three months,” he
Japan and Southeast Asia. We added.
have about 20 companies that The February sale is Rio
came from Myanmar and about Pearl’s fourth auction, following
10 Chinese companies,” noted a major auction in September
Cheng. “What a lot of the buyers last year.
like about our auctions is we have A total of 623 lots of
good-quality products both for Myanmar South Sea pearls
48 ︱March 2017
PEARLS
6
5
︱March 2017
49
PEARLS
Sarah Ho
enchants with latest
pearl jewellery line
C
elebrated jewellery designer Sarah Ho recently unveiled
a fine jewellery line that pays homage to the beauty and
versatility of pearls.
The Persica Suite, which is the centrepiece of the designer’s
Hidden Garden Collection, is a celebration of Ho’s return into the
realm of high jewellery.
Ho revisited her passion for the Art Deco period for
inspiration, according to Sarah Ho London. The designer also did
a research on botanical illustrations of peach blossoms (Prunus
persica) and Chinese decorative arts of “flora and fauna,” which she From top: Persica
necklace in 18-karat
reinterpreted into jewellery pieces that encapsulate her signature design.
white gold adorned
“It took over two years to source the rare ‘Tutti Frutti’ conch pearls
Persica ring in with diamonds,
18-karat white gold
in the Persica Suite, which allows fluid lines to echo the one-of-a-kind conch pearls and
with a pearl centre shapes of the rarest pearl that becomes the hero in each jewel,” noted Ho. pearls; and Persica
gem and diamond The design allows the rare conch pearl to take its pride of place ‘Tutti Frutti’ earrings
and conch pearl among brilliant and baguette-cut diamonds and South Sea pearls, in 18-karat white
accents according to Ho. gold embellished
Another highlight of the Hidden Garden Collection are the Peony with diamonds,
Dawn earrings and ring in 18-karat rose gold embellished with conch pearls and
diamonds, pink opals, pearls and emeralds. pearls
“Pink opals and cultured pearls that surround a very
unique bronzed, cultured pearl with accents of emeralds
complete this exquisite ring and
earrings,” added Ho.
Also taking centre stage
among Ho’s fine pearl jewellery
creations is the Lotus necklace in
18-karat white gold with round brilliant
and marquise diamonds, pink freshwater
pearls and white South Sea pearls.
Peony Dawn
“Lotus leaves unfurl around the neck with a
earrings and ring
in 18-karat rose
poetic sense of creativity. The floral motif exhibits the
gold accented with intricate Italian craftsmanship that cradles pearls of blushed
diamonds, pink pinks and shimmering moon whites, while round and
opals, pearls and marquise diamonds accent the timeless piece,” added the
emeralds jewellery designer. JNA
50 ︱March 2017
PEARLS
1 2
Designers
3
celebrate beauty of
Tahitian pearls
P
ositive about the demand outlook for Tahitian pearls despite trying
market conditions, the Tahitian Pearl Association Hong Kong
(TPAHK) is revving up its creative marketing efforts to capture the
attention of younger consumers.
One effective channel through which TPAHK is casting the spotlight on
Tahitian pearls and building buzz in the creative space is its sponsorship
4 of design competitions. Last year, the association was one of the key
supporters of the JMA International Jewellery Design Competition, SJDA
(Shenzhen Jewelry Designer Association) Tahitian Pearl Design Salon &
5 Forum, and the China (International) Pearl Jewelry Design Competition.
TPAHK General Manager Ida Wong said these competitions
highlighted the exceptional beauty of Tahitian pearls. Although top-
quality, round Tahitian pearls measuring 10mm and above in diameter
and with dark, strong colours are favoured by buyers from mainland
China, pearls in various shapes, sizes and colours are starting to gain
favour among younger consumers. The Japanese, European and US
markets are partial to 8mm-9mm Tahitian pearls in different shapes
including round, circled, semi-baroque and baroque, she continued.
Wong also noted that edgy Tahitian pearl jewellery collections have
been capturing market share due to the growing online shopping habit
among younger consumers.
“They are partial to simple jewellery pieces that are trendy and
perfect for daily wear,” Wong said. “They also want personalised
designs that reflect their personalities. These pieces are usually
6 designed around baroque pearls.”
Here are some of the Tahitian pearl jewellery creations that have won
accolades at recent design competitions. JNA
1. & 2. Tahitian pearl brooch by Chen Junqian. This piece was declared the Tahitian
Pearl Award Champion at the SJDA Design Awards
3. This Tahitian pearl necklace took the second prize at the 1st China (International) Pearl
Jewelry Design Competition
4. Shen Dan’s unique piece won two prizes: Tahitian Pearl Award Champion and
second-placer at the 1st China (International) Pearl Jewelry Design Competition
5. These Tahitian pearl pendants placed third at the 1st China (International) Pearl
Jewelry Design Competition
6. This design won a Merit Award at the 2016 JMA International Jewelry Design
Competition. Named ‘Gathered,’ the ring design was created by Maple Li for the
Photo credit: Images provided by TPAHK Jewellery Studio, College of Fine Arts, SCUN
52 ︱March 2017
GEMSTONES
G
emstone traders and jewellery manufacturers
are anticipating stable demand for tourmalines
in 2017, thanks to the stone’s inherent charm
and versatility.
In separate interviews with JNA, a number of
gemstone specialists and jewellers said rubellites and
Paraiba tourmalines will continue to be the top-selling
stones, with major markets driving the demand.
Steady market
Yuki Horiuchi, CEO of Japan-based gemstone and
jewellery manufacturer Ambrose and Co Ltd, said the
Chinese market is expected to fuel activity in the
tourmaline sector.
The most sought-after colours are pink,
Top: Necklace with
green, blue and yellow. Paraiba tourmaline’s
tourmalines in various
entrancing blue hue continues to attract global
colours by Ambrose and
buyers but strong demand is also pushing Co Ltd. Left: Multi-colour
prices up, he noted. tourmaline necklace by
“The market has always been deeply Ambrose and Co Ltd
interested in tourmalines, which are highly
regarded for their beauty, sophisticated designs.
durability and wide They can also work in
variety of colours,” the statement pieces with
company official said. bolder, edgier styles,”
Tourmalines are best he added.
showcased in pendants and Shuja Ulhaq, director of gemstone specialist Blue
necklaces, according to Gems Supplier, also expects robust demand for
Horiuchi. “We find that these tourmalines throughout the year.
stones are ideal for pendants “Buyers always look for top-quality materials
or necklaces in subtle yet so those products will always sell. The tourmaline
business will be very stable this year, which is an
improvement from 2016,” noted Ulhaq.
Growth will likely come from the US and European
markets since the Chinese market has softened a
bit, he added. The situation in China, however, is
expected to stabilise and consumers are seen to start
replenishing their stocks by the middle of the year.
According to Ulhaq, US clients are on the lookout
for multi-colour tourmalines, rubellites and Paraiba
tourmalines.
“If you offer the right quality and the right price,
there will always be business. At the moment, it is
tough to get hold of nice-quality goods since the
Tourmalines from Hong Kong-based Blue Gems Supplier; and supply is tight so premier-quality stones move fast,”
Shuja Ulhaq, director of Blue Gems Supplier he remarked.
︱March 2017
53
GEMSTONES
54 ︱March 2017
GEMSTONES
Tanzanite:
50 years of captivating brilliance
By Bernardette Sto. Domingo and Marie Feliciano
T
anzanite’s exceptional blue-violet colour has
mesmerised gemstone and jewellery traders for
2 decades. Over the years, the stone has steadily
carved out a niche in the global coloured gemstone trade,
rivalling perennial favourites in terms of colour, appearance
and allure.
This year, tanzanite celebrates 50 years of its discovery in
Tanzania in 1967. According to TanzaniteOne Mining Ltd,
when a Maasai tribesman first discovered these blue-
violet crystals, they were first thought to be unusually
vibrant sapphires. It was soon confirmed that they were
more complex than a sapphire, with a colour that’s more
4
alluring and exotic.
In 1968, the stone was christened “tanzanite” by Tiffany
& Co, which then embarked on a successful campaign to
market tanzanite and build its reputation in the
trade.
Tanzanite was ranked the second-
favourite coloured gemstone in the
US in 2001. It was also marketed as a
stone that’s a “thousand times rarer than
diamonds” and with a little over a decade of
supply remaining, according to TanzaniteOne.
The stone was also named a December birthstone,
joining turquoise and zircon.
︱March 2017
55
Major markets demand in China and the Far East,” revealed
Global demand for tanzanite Greaney. “The work that the Tanzanite Foundation
is expected to pick up in 2017 does with wholesalers and retailers in China, for
as supply stabilises, according to instance, will be critical to our success in growing the
Robert Grafen Greaney, managing tanzanite market there.”
director of TanzaniteOne. Benjamin Hackman of US-based tanzanite trader
Ruby and “Supply from TanzaniteOne is Intercolor, meanwhile, said the US is likely to fuel
tanzanite ring back on track after experiencing a movement in the tanzanite market, citing a decline in
tough time in Chinese demand.
the industry. This, coupled Rising interest in tanzanite among other markets
with a new management at such as India, Taiwan and Europe could
the Tanzanite Foundation bode well for the tanzanite
that will be working with sector, added Hackman.
retailers and wholesalers “The fastest-moving products
to promote the inherent are stones of 5 carats and
qualities of tanzanite, up in darker, more vivid tones.
will certainly push Our most popular products are
demand for the beloved top-quality, free-sized stones
gemstone,” noted of 5 to 6 carats. Retail prices
Greaney. are currently pegged between
The key existing $600 and $1,000 per carat,” the
markets of the US, Europe company official said.
and Japan are seen to drive growth
Rough tanzanite
in the tanzanite industry, but traders Blue temptations
are locking their sights on another potential major Tanzanite’s most enchanting attributes are its deep
market. “Traditional tanzanite markets will play a crucial blue hues and vivid violets, which also determine the
role in 2017 but our focus this year will be increasing price of the stone.
“Tanzanite has so many
incredible qualities that
make it alluring. First of
all, the stone is beautiful
and clean, and comes in
naturally captivating colours.
The deep blues and exquisite
violets you see in a cut stone
are unlike anything else in
the market. These colours
imbue life to the stone,”
noted Greaney. “Light
gives the stone an almost
electric quality when it hits
AG Color’s award-winning
the facets, as if the natural pair of smooth tanzanite
beauty, life and soul of drops with a combined
Africa are instilled in the weight of 30.37 carats; and
a 43.96-carat oval cabochon
stone.” from AG Color. This stone
Tanzanite is likewise was awarded the top prize
celebrated for its rarity, at the 2015 AGTA Spectrum
Awards for the category,
the company official ‘Other Faceted’
noted. Tanzanite is mined
from only one source – a small 4km strip of earth in
Tanzania at the foot of majestic Mount Kilimanjaro.
Hackman echoed this sentiment, adding that
Hollywood actress Cate Blanchett dons a tanzanite necklace in a colour, clarity and competitive prices are the most
red-carpet event attractive features of tanzanite.
56 ︱March 2017
GEMSTONES
︱March 2017
57
GEMSTONES
A satellite view showing Bemainty, an area about 35km south-east of Ambatondrazaka in Madagascar and the site of the new sapphire rush.
Photo credit: Google Earth
Sapphire rush in
Bemainty By Vincent Pardieu
I
n October 2016, a new sapphire rush saw
approximately 50,000 miners flocking to an area
about 35km south-east of Ambatondrazaka in
Madagascar. It was still ongoing in February 2017
when I visited it. According to many Sri Lankan
gemstone merchants who have been visiting
Madagascar regularly for the past 20 years, the
new deposit produced in less than six months more
fine large blue sapphires of over 50 carats and
padparadschas of over 20 carats than the whole of
Matched pair of cushion-
Madagascar in the last 20 years.
shaped blue sapphires
I was informed of the discovery on October 6,
from the new deposit in
2016 by Marc Noverraz, a Swiss gemstone merchant
Bemainty. Photo credit:
Vincent Pardieu
based in Madagascar. According to Noverraz, some
large, highly saturated blue sapphires were found in
Bemainty in late September. This attracted miners from all over the island, as
well as buyers mainly from Sri Lanka who settled either in Ambatondrazaka or
Antananarivo to purchase gemstones.
58 ︱March 2017
GEMSTONES
︱March 2017
59
GEMSTONES
found in large sizes and fine qualities. According to all I expect mining activities to slow down with the
the Sri Lankan merchants I met in Madagascar, that rainy season. Since 2000 and the discoveries near
new deposit produced in the last five months more Andilamena, new discoveries usually occur in the
fine-quality blue and padparadscha-type sapphires area nearly every two or three years. In the case of
weighing over 20 carats than the entire production of Didy (2012), Zahamena (2015) and now Bemainty,
Madagascar in the last two decades. some very fine stones were found. It seems that a
This new sapphire production is clearly coming far major ruby and sapphire deposit is hidden under the
from secondary deposits. Miners are digging pits up forest-covered areas of northeast Madagascar and it
to 3 metres deep in order to collect potentially gem- is likely that Ambatondrazaka could emerge as a major
rich gravels for washing in the nearby stream using sapphire trading centre in the future. Nevertheless,
either hand sieves as in the beginning of the rush or the issue for the trade is that most of this deposit is
increasingly, larger sieves, which are suitable to wash located in a protected area where mining is illegal. It
gravels using a water pump and a hose. is to be expected that in the near future, people in
Life at the mining sites is basic with some people living charge of conservation and the gem industry will find a
in huts but most reside in makeshift tents under plastic win-win type of solution to deal with this discovery. JNA
roofs. Comfort was minimal but people were smiling and
we saw no signs of any security issues. Bottled water, and
fresh and canned food were easily available but prices About the writer: Vincent Pardieu (BSc,
were much higher than in Ambatondrazaka. GGA, GG) was a tour guide before becoming a
In Ambatondrazaka and Antananarivo, we saw gemmologist. He studied gemmology in Burma
blue stones from the rush weighing up to 75 carats. (GGA) and at GIA Thailand in 2001. For the past
Fine, clean blue stones of over 100 carats and some 17 years, he combined his two passions: Studying
attractive pinkish-orange stones of more than 50 gemstones and travelling to gem-mining areas
carats were reported. Most of the stones were milky around the world. In 2004, he became the director
(geuda type) and reacted well to heat treatment, while of the AIGS Gemological Laboratory in Thailand
others were silky. Some star stones were also found. where he worked on ruby treatments like lead
Many stones were parti-coloured blue and orange, glass treatment and started a field gemmology
and several fine padparadscha-type stones were programme. For two years (2007-2008), he
also found. If the new material is generally included, joined the Gübelin Gem Lab in Switzerland as a
many stones are fine enough and clean enough to be gemmologist specialising in the origin determination
facetted without heat treatment. of gemstones. He then returned to Thailand in
December 2008 to create for the GIA Laboratory a
Search for sapphires “Field Gemology” department. He led for the GIA 85
As rubies and sapphires have been discovered successful field expeditions to gemstone-producing
fairly regularly in this jungle-covered region since areas in Southeast Asia, Central Asia, East Africa
2000, a new sapphire discovery in that area was not and Australia.
a huge surprise. The issue is that the region is part In January 2017, he left the GIA to start a
of the “Ankeniheny-Zahamena-Mantadia Biodiversity new career as a consultant and independent
Conservation Corridor and Restoration Project,” which researcher. His recent reports have been published
consists of Ankeniheny, Zahamena and Mantadia on his website, www.fieldgemology.org, and on
National Parks. The rush site is therefore a protected www.giathai.net and www.gia.edu.
area administered by “Conservation International” where
mining is illegal. So far, the authorities have not closed
the illegal mining site; the main issue being that this year Independent field
the rains were very late in Ambatondrazaka, a small gemmologist Vincent Pardieu.
city known to be the rice basket of Madagascar. Rain Photo credit: Vincent Pardieu
usually arrives in November, but since the beginning
of February, the area was still dry and thousands of
people who were usually busy working the paddy fields
were jobless and without resources. Most of them
found, with the new sapphire deposit, some welcome
income. Obviously, a year before the general election,
the Malagasy authorities are not showing the political
will to stop sapphire mining in Bemainty.
60 ︱March 2017
DIAMONDS
GJEPC continues
to strengthen consumer confidence in
natural diamond sector
T
he Gem & Jewellery
Export Promotion
Council (GJEPC)
continues to step up efforts to
boost consumer confidence
in the natural diamond trade.
Praveenshankar Pandya,
chairman of the Gem &
Jewellery Export Promotion
Council (GJEPC), said
the council has pushed
for the development and
deployment of reasonably
priced diamond-screening
equipment and installation of
shared facilities for small-sized WFDB President Ernest Blom, centre, and
Manoj Dwivedi, joint secretary of India’s
diamond companies in India.
Union Ministry of Commerce, fourth from
“We needed something
left, inaugurate Signature IIJS 2017 and the
compact and affordable, and fourth edition of the India Gem & Jewellery
the Gemmological Institute of Machinery Expo. Looking on are GJEPC
India (GII) has developed the officials Praveenshankar Pandya, second
Quick Check. We gave them from left, and Saunak Parikh, third from left
the task to develop such a
machine, and we’re so happy that within a short period of one year,
they came out with this equipment,” Pandya said in a media briefing
held on the sidelines of Signature IIJS (India International Jewellery
Show) in Mumbai. “Now, every diamond parcel at the Bharat Diamond
Bourse (BDB) is checked. We are going in the right direction.”
From left: Manoj Dwivedi, joint secretary of India’s Union Ministry of Commerce;
GJEPC Chairman Praveenshankar Pandya; WFDB President Ernest Blom and Saunak
Parikh, GJEPC’s convener for Exhibitions – National
62 ︱March 2017
DIAMONDS
Market transparency
GJEPC has likewise initiated the formation of the
Natural Diamond Monitoring Committee (NDMC),
which was established in partnership with other
Indian trade organisations a few years ago. To date,
the committee has hosted seminars and awareness GJEPC Chairman Praveenshankar Pandya, left, and Sanjay Shah,
programmes, and has set up testing and detection convener of GJEPC’s Diamond Panel
centres in Mumbai and Surat as part of its drive
against the undisclosed mixing of synthetics in parcels Positive outlook
of natural, mined diamonds. GJEPC has also been working closely with the
The council has also commissioned a follow-up Diamond Producers Association and De Beers in
study on the synthetic diamond industry, Pandya said. developing a category-based marketing campaign,
“It is an ongoing process; it’s not a one-time which aims to boost the demand for diamonds,
thing,” he said, adding that GJEPC has reappointed a especially among millennial consumers.
consulting company to continue the study. “I am going Meanwhile, India’s gemstone and jewellery sector
to continue this.” is more upbeat about its business prospects this
Synthetic diamonds have a place in the market, year. “We are receiving orders from America, which is
said Pandya. “It has to create its own market space,” the biggest market right now, and one that we cover
he said. fully well. China is back to normal,” Pandya said.
Recently, Ernest Blom, president of the World “What happened [in 2015] was that a huge number
Federation of Diamond Bourses (WFDB), said of shops suddenly mushroomed all over China, and
the WFDB accepts that synthetic diamonds are a their goods sat on the shelves for a longer period of
legitimate niche product and there is a place for them. time. When they realised that there was not much
However, he said there would be zero-tolerance for of a business, they had to contract their number of
people mixing undisclosed synthetics into parcels of shops. The goods were then redistributed among the
natural, mined diamonds. remaining shops, which meant that they didn’t need to
“Our biggest concern is that they may not be buy additional inventory in one or two years. I think we
disclosed as synthetics and we need to work with have overcome that phase, and more recently, I am
governments and law enforcement agencies to ensure seeing a flow of orders.”
that transgressors are brought to justice. We will GJEPC has also been promoting India’s gemstone
have them expelled from the WFDB if they are found and jewellery exports by organising pavilions at
to have contravened our charter on synthetics and international fairs. At the recently concluded twin
they will not be able to work in any of the WFDB’s 30 shows in Hong Kong – the Diamond, Gem & Pearl
bourses across the world. Show, and the Jewellery Show – the council hand-
“We have been actively promoting the idea that picked companies that were representative of India’s
consumers buy from a reputable retailer who is a capabilities in terms of best diamond cuts and
recognised trade body member. If there is then a jewellery design.
problem, the customer has redress,” Blom said. “Hong Kong is the second-largest buyer of Indian
Diamantaires are now certifying diamonds of 20 gemstones and jewellery in the world and therefore,
points compared with 0.50 carat stones and larger in participation in this platform is imperative,” Pandya said.
the past, he added. “As a result, we have a certain India’s gemstone and jewellery exports totalled
level of comfort regarding diamonds of 20 points $39 billion for the April 2015 – March 2016 period,
and up but the problem is with smaller stones and $11 billion of which was attributed to Hong Kong
melee. Machines have been developed that can exports. Cut and polished diamond exports accounted
identify melee, so here, too, we are starting to feel for $7.85 billion, followed by gold jewellery at $1.27
more comfortable that smaller synthetics can also be billion. Coloured gemstones recorded exports worth
detected,” said Blom. $225.61 million, according to the council. JNA
︱March 2017
63
DIAMONDS
Captivating
fancy colour diamonds
L
eibish & Co is celebrating extraordinary fancy greyish blue and pink diamond
the beauty of fancy colour dress ring; a 3.02-carat fancy light greenish blue
diamonds in its latest and pink diamond dress ring; and a 3.04-carat fancy
collections. intense yellow-green of IF clarity, and pink diamond
Presented at the recently dress ring.
concluded Hong Kong International “The outlook for strong colours in diamonds and
Diamond, Gem & Pearl Show, the precious stones is healthy,” Leibish chief diamond
collections included the diamond dealer’s prized buyer Shmulik Polnauer said in an earlier interview.
Argyle Collection, which has just over 100 loose Recently, the company also diversified its product
diamonds and 12 Argyle diamond jewellery pieces. mix with the launch of a whole line of jewellery with
This is highlighted by three gorgeous Argyle Pink precious stones: Emeralds, rubies and sapphires.
Tender Diamonds, namely, Lot 63, a 0.71-carat “We have seen a lot of interest in these stones
fancy intense pink diamond in emerald shape and and plan to expand the fine gemstone collections
of IF clarity; Lot 47, a 0.75-carat fancy intense pink over the next few months,” Polnauer said.
diamond in oval shape and of SI2 clarity; and Lot 55, “We have also begun offering six-
a 0.64-carat fancy intense pink diamond in heart month, interest-free, credit card
shape and of SI2 clarity. payments through PayPal to
Leibish & Co’s IF Collection featured more users in the US.”
than 50 loose diamonds, including a 5.87- US private buyers make
carat fancy yellow, flawless, EX EX cushion- up Leibish’s major online
cut diamond; a 2.24-carat fancy vivid yellow customer base. Its B2B
diamond in round shape and of IF clarity; a 5.02- business, however, is still
carat fancy intense yellow diamond in cushion largely fuelled by Asia-based
shape and of IF clarity; and a 4.52-carat fancy light companies. JNA
pink diamond in radiant shape and of IF clarity.
The fancy colour diamond expert also has more
than 80 loose diamonds in its Vivid Collection. From top: Leibish Argyle Pink Tender
Diamonds. From left: Lot 47, a 0.75-carat fancy
Some of the notable stones are a 1.25-carat
intense pink diamond in oval shape and of SI2
cushion-shaped fancy vivid orange diamond
clarity; Lot 63, a 0.71-carat fancy intense pink
of SI2 clarity; a 0.51-carat fancy vivid blue
diamond in emerald shape and of IF clarity;
diamond in lozenge shape and of VVS2 and Lot 55, a 0.64-carat fancy intense pink
clarity; and a 5.09-carat fancy vivid yellow diamond in heart shape and of SI2 clarity; a
diamond in radiant shape and of VS2 clarity. 1.25-carat fancy vivid orange diamond from
Leibish & Co’s Extraordinary Jewellery has Leibish; and some of Leibish’s exceptional
more than 750 products, highlighted by a 1.33-carat fancy colour diamond jewellery pieces
64 ︱March 2017
DIAMONDS
De Beers counts on
US demand to fuel growth in 2017
T
he De Beers Group of of macro-economic factors,
Companies is banking on including the new administration
stable demand from the in the US, the strength of the
US to drive growth in the global US dollar impacting consumer
diamond industry in 2017. demand, economic performance
A preliminary report by Anglo in China, the effects of Indian
American, which owns 85 percent demonetisation and sentiment
of De Beers, revealed that the following the main US and
diamond miner raked in total Chinese New Year retail season.”
revenues of $6.1 billion in 2016, up With midstream stocks having
30 percent from $4.7 billion in 2015. returned to more typical levels in Diamond ring © De Beers
The increase was attributed to 2016, rough diamond demand is
higher rough diamond sales, which expected to normalise in 2017, the full year in China contrasted
rose 37 percent to $5.6 billion. reflecting underlying consumer and with weakening demand in other
This, in turn, was attributable to a retail demand, added De Beers. main diamond markets. In India,
50 percent increase in consolidated While producers continue a month-long jewellers’ strike
sales volumes to 30 million carats destocking, forecast diamond in March and the government’s
from 19.9 million carats in 2015. production for 2017 is expected surprise demonetisation programme
“Macro-economic conditions to be in the range of 31 to 33 which started in November, had a
underpinning consumer demand million carats, subject to trading considerable negative impact on
for diamonds remain broadly conditions. demand. For the full year, global
stable in aggregate, with the US consumer demand, in US dollars,
expected to continue to be the main Global markets is estimated to be in line with 2015.
driver of global growth in 2017,” According to the company, Additional marketing in the US,
noted the company. “The extent sustained growth in diamond China, India and Japan in the final
of global growth will, however, jewellery demand in the US and quarter of the year, the main selling
be dependent upon a number marginally positive growth for season, had a positive impact. JNA
L
ucapa Diamond Co Ltd from a new alluvial mining area within the Lulo concession to
recently recovered a large at the Lulo Diamond Project in host large and high-value
premium-value diamond Angola. diamonds.
The 62-carat Type IIA diamond This recovery follows the
was recovered from new mining unearthing of a 227-carat Type IIA
block 25, adjacent to the prolific D-colour diamond from the new
mining block 8 at Lulo, according mining block 28. The 227-carat
to Stephen Wetherall, managing gem, which is Angola’s second-
director of Lucapa. biggest diamond on record,
The rough is the second was included in the sale of Lulo
large diamond to be recovered diamonds in early March 2017.
from a new mining area at Lulo in The 62-carat diamond from
February alone, providing further mining block 25 will be included
62-carat Type IIA rough from a new mining evidence of the potential of the in the following sale, Lucapa
block at Lulo entire stretch of the Cacuilo River announced. JNA
︱March 2017
65
DIAMONDS
Dominion
reports strong production in Ekati
D
iamond production at underground and Misery Main resulting in an anticipated rise in
the Ekati Diamond Mine pipes during the first quarter of fiscal polished demand from China in the
during the fourth fiscal 2018, with an increased proportion first quarter of 2017.
quarter 2017 (November through of ore from the Pigeon and Lynx The Indian retail market has
January) reached a record 2.3 pipes during the remainder of the started to recover from the
million carats, up from 1.2 million fiscal year. jewellers’ strike in the middle
carats during the same period last The company also recorded a of the year and the impact of
year, data from Dominion Diamond drop in sales to $129.9 million from demonetisation of the Indian rupee
Corporation showed. the sale of 1.4 million carats during towards year-end. The latter is
Carat production increased the period in review, due primarily to expected to continue to have a
by 93 percent compared to the a reduction in the goods available dampening effect on the Indian
same period in the previous year for sale following the process plant retail jewellery market in the short
due to the positive impact of the fire at the Ekati Diamond Mine. term, with demand expected to
processing of a large proportion of According to Dominion return to normal in this sector
high-grade Misery ore. Diamond, the global market by the fall of 2017. Much of the
“During fiscal year 2018, the ended the year on a positive manufacturing sector that focuses
company plans to produce 6.3 to 7 note despite the divergence on lower-price rough diamonds
million carats from the processing of between the resilient market for was brought to a standstill by the
3.7 to 4 million tonnes, compared larger, better goods and the more demonetisation. However, the
to 5.2 million carats from the challenging situation for smaller, segment of the manufacturing
processing of 2.9 million tonnes in cheaper goods. The Christmas sector that focuses on higher-
fiscal year 2017,” the miner noted. season in the US failed to meet priced rough diamonds, and
Dominion Diamond said it market expectations, but this was produces primarily for the export
expects to process primarily balanced out by renewed retail market, has been less disrupted,
high-value ore from the Koala activity over the Chinese New Year, noted the diamond miner. JNA
L
ucara Diamond Corporation dividend during the year, while advanced exploration programme
said its 2016 revenues continuing to advance growth in Botswana.”
reached $295.5 million or opportunities in Botswana.” New mine contractor,
$824 per carat, up from $223.8 Lamb continued: “We remain Moolman Mining Botswana Pty
million and $593 per carat in the focused on operating performance Ltd, a subsidiary of Aveng Mining,
same period a year ago. at the Karowe mine and are well- commenced mobilisation to the
Earnings before interest, tax, positioned to continue to drive Karowe mine in February. Since
depreciation and amortisation was operating efficiencies and safe December 2016, during the period
$185.4 million compared to $133.9 productivity in partnership with of transition to Aveng Moolmans,
million in 2015. our new mining contractor. Our Karowe has processed ore from
William Lamb, president and capital projects for enhanced stockpile resulting in lower than
CEO of Lucara, commented, diamond recovery are on target to forecast ore and waste mined for
“The company achieved record be completed in 2017, ensuring the year.
sales in 2016. We demonstrated maximum diamond recoveries Ore processed for the year was
our commitment to deliver from the high-value south lobe. in excess of forecast at 2.6 million
consistent and sustainable value We also remain excited with our tonnes with diamond recoveries
to our shareholders as well as work on resource expansion at totalling 353,974 carats which was
the strength of our cash flow the Karowe mine through our in line with forecast, according to
generation by paying a special deep drilling programme and our Lucara. JNA
66 ︱March 2017