Thierry Prissert

📢 Has the jewelry industry ever seen a bigger string of obstacles at one time? 🌟 Platinum Deficit in 2024: Challenges Ahead https://lnkd.in/eYS_kVWa 📢 Obstacles for the Jewelry Industry: 🔻 Diamond prices declining 🔼 Rise of lab-grown diamonds 🔼 Gold reaching all-time highs 🔻 Platinum, rhodium, and palladium facing deficits Now, more than ever, #strategic #differentiation and #branding are crucial. Show your value! 💎💡🔥

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A small 1.3% rise in sales at US jewelers in April. The increase in revenue was fully spurred by a 2.5% increase in the average consumer expenditure per unit purchased. A few of the figures: Natural diamond jewelry sales rose 1%, Prices of LGD-set DERs declined, Loose LGD was 57% of loose diamond sales, but just 25% of revenue. Here is an issue: LG prices are down, but gross margins and unit sales are up. What does it impact gross profits? We took a look at that and have some findings. https://lnkd.in/dDw4s8MQ

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Mother’s Day sparked a promising trend in the jewelry industry this year. With sales surpassing last year's figures, US consumers are showing signs of increased demand. In May, jewelry sales rose by 1.8% year over year, with a 2% increase in average expenditure per item. The Jewelry Index reflects this positive shift, with a continuous upward trend since March. Notably, sales surged by 5% on May 10-11 compared to the same period in 2023. Retailers are also optimistic about the year ahead, as evidenced by the positive outcomes at recent trade shows in Las Vegas. Exhibitors reported heightened buyer demand, indicating a strong market outlook. However, the demand for loose lab-grown diamonds at JCK was subdued, resulting in notably reduced prices. Read more about the latest trends in jewelry sales from Tenoris: [Link to the article](https://lnkd.in/d7j-upjC) #JewelryIndustry #ConsumerDemand #RetailTrends

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Beyond Brilliance: The Power of Gemstones in Bejeweled Textiles (diamond emoji + textile emoji) Fellow collectors, Gemstones are more than just dazzling additions to our exquisite bejeweled textiles. They elevate these pieces to a whole new level, imbuing them with symbolic meaning, historical significance, and captivating energy. Unearth the Symbolism: Delve into the rich history of gemstones across cultures. Each stone carries a story, from rubies symbolizing passion and power to emeralds representing growth and renewal. Understanding these meanings adds depth to your collection. A Touch of History: Gemstones can be a window to the past. Certain stones and techniques were favored in different eras, offering a glimpse into the craftsmanship and aesthetics of their time. Energy & Expression: Many collectors believe gemstones possess unique energetic properties. Juxtapose stones for a specific effect, or choose pieces that resonate with your personal energy. Let's spark a conversation! Post your comments below, and share your thoughts on: The gemstones that hold the most significance in your collection. How you consider the symbolism and energy of stones when acquiring new pieces. The historical eras that most inspire your bejeweled textile collection. #bejeweledtextiles #gemstonepower #textileart #artcollecting #culturalheritage #symbolicmeanings #energyhealing

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Market2024: NO.7 Poll Summary: Picking the Perfect Pair - Favorite Eyewear Frame Materials 🤓👓 Acetate: 57 votes (57%) 🎨✨ Plastic: 24 votes (24%) 💪🌈 Metal: 17 votes (17%) 🤖🛠️ Other: 8 votes (8%) 🌿🚀 Acetate leads the style race with a 57% vote for its chic look and comfy wear. Plastic isn't far behind, showing its true colors with affordability and variety. Metal makes a sturdy statement, flexing with sleekness and strength. And those curious 'Other' materials? They hint at an appetite for innovation and eco-friendliness in frame fashion. From the optics expert's view 🧐, it's clear: material matters! Acetate's hypoallergenic touch and plastic's playful vibes contrast with metal's timeless appeal. With eco-conscious choices on the rise, there's room to grow for greener materials 🌱🌍. Eyewear aficionados, take note: Flexibility, fashion, and a nod to nature are key ingredients for tomorrow's top trends. Here's looking at you, future of frames! #StyleSpectrum #Eyewear #Ecofriendly #Market2024 #FashionForward #Frames

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Market2024: NO.31 Poll Summary: Fashion's Impact on Eyewear Choice Poll Results: A Great Deal: 18 votes (🌟) Moderately: 11 votes (👍) Slightly: 6 votes (👌) Not at All: 7 votes (🙅‍♂️) Quick Take: Fashion plays a big role for many when picking eyewear, with 29 folks valuing style from a bit to a lot! 👓🎨 Advice: Shoppers: Mix it up! Choose frames that match both your style and comfort. 🎭👓 Retailers: Stock a variety of styles to cater to all fashion tastes. 🏬👀 Let's keep rocking those stylish frames! 🚀👓 #Eyewear #Fashion #StyleChoices #Market2024 #marketresearch

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Engagement with lab-grown diamonds is a topic close to my heart lately! It's essential to acknowledge that consumer preferences drive the market, not the other way around, regardless of brands' resistance. Gen Z and young consumers are leading the charge towards sustainability and ethical practices. Personally, I cherish and proudly wear both natural and lab-grown diamonds. At the end of the day, they're both real diamonds, so let's embrace them wholeheartedly instead of engaging in unnecessary debate. 💎 #Sustainability #EthicalFashion #Diamonds #LabgrownDiamonds

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What drives our company? Beyond sharing Ammolite’s fascinating story and colour, we also recognize the significance and importance of paying homage to Ammolite’s beginnings, deeply intertwined with the Blackfoot Tribes of North America. Today, we honour the rich cultures, traditions, and contributions of First Nations, Inuit, and Métis peoples. Let's take this opportunity to learn, reflect, and celebrate the vibrant history and heritage of Indigenous communities across Canada. Let’s take a moment to acknowledge and celebrate Indigenous communities' rich heritage and contributions. Recognizing and respecting the people and culture that have shaped our nation is essential. Embracing diversity and understanding different perspectives are essential for a harmonious society. Let's continue learning and growing together, appreciating the beauty of our shared history. Iniskim Ammolite, as an organization, is committed to standing in solidarity with the Indigenous peoples and communities today and every day. We acknowledge the need to listen, learn, and be actively engaged and dedicated to amplifying Indigenous voices, supporting Indigenous causes, and advocating for Indigenous rights. We are blessed in Canada with incredibly rich and diverse indigenous knowledge, languages, and culture. At Iniskim Ammolite, we are committed to showcasing and celebrating the resiliency of Indigenous communities across Canada; let's all take a moment to acknowledge the vital role that Indigenous languages play in our shared history and culture. Sharing our video showcasing the origin and the tale of Buffalo Stone, also known as “Iniskim” https://lnkd.in/gPa_-cft; we are captivated by eco-responsibility, transparency and traceability of our sourcing #IniskimAmmolite from Indigenous sources. #culturalawareness helps us make connections between the past and the present. Let's empower every voice and collectively work together to make economic reconciliation a reality, a journey towards community resilience. It is time to reflect on our history and decide where we want to go and who we want to be as a country; let's create the future we want to see. Economic reconciliation is critical to building an inclusive and accessible economy. It's an exciting time ahead! What does economic reconciliation mean to you? Let’s continue to educate ourselves and others about the truths of our shared history. By acknowledging the past, we can strive for understanding and create an inclusive future for all. Be part of the conversation! We must take time to pause and learn to reflect. It's time to think about where we have been and where we are now as a nation. For settlers like me, in a place of privilege, it’s time to take direction and act. I encourage you to do the same🧡 National Indigenous Peoples Day! #IndigenousPeoples #CulturalAppreciation #NIPD #Indigenous #culture #contributions #firstnations #inuit #metis #reflect #history #heritage #Canada #diversity #culturalheritage

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Focusing on the salespeople (last 18 inches) for engagement rings is the correct approach. Training is good but not sufficient if the economic incentive for synthetics is superior. How much profit in dollars not percentage does the retailer and salesman (commission) make on the sale of a synthetic vs natural diamond? The bottom line is the bottom line.

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💎 JCK Las Vegas: To Be or Not To Be? One of the most prominent events in the jewelry industry, has witnessed significant transformations over the years. Initially a premier platform for suppliers to showcase their latest collections and for retailers to discover unique pieces, the dynamics of the show have evolved in ways that are reshaping industry practices and relationships. The Shift in Supplier-Retailer Dynamics From fostering a relationship built on mutual trust and a shared vision for quality and uniqueness. In In recent years we have seen a shift towards a "pay-as-you-go" model, where suppliers push their goods to retailers at all costs, often on consignment or memo. The Allure and Pitfalls of Memo Stock Memo stock, where retailers receive goods without payment and only pay once the items are sold, might seem like an attractive proposition. Retailers are drawn to the idea of having inventory without upfront costs, believing they are getting a deal. However, this model comes with hidden drawbacks. 1. Restricted Freedom and Choice: When retailers rely heavily on memo stock, they lose the freedom to choose what they genuinely believe will resonate with their customers. Instead, their inventory is dictated by what suppliers are willing to offer on consignment, potentially leading to a less curated and distinctive selection. 2. Higher Costs: Memo stock comes with a higher price tag due to the added costs of financing and stock management. Suppliers need to account for the risks and expenses associated with consigning goods, which translates to higher prices for retailers. An additional 10-20% markup may not seem significant at first glance, but it can erode final retail prices and margins over time. The Case for Commitment and Passion Retailers who commit to purchasing and owning their stock often experience better outcomes. When retailers invest in pieces they love and believe in, they are more likely to sell with conviction and passion. This enthusiasm can be contagious, leading to stronger customer relationships and increased sales. 1. Curated Selection: By choosing inventory based on personal conviction and market understanding, retailers can offer a more curated and appealing selection. This distinctiveness can set them apart in a competitive market. 2. Stronger Customer Relationships: Customers can sense when a retailer is passionate about their offerings. This passion fosters trust and loyalty, enhancing the retailer-customer relationship, which is crucial for long-term success. Retail is part art part science but mostly passion to help customers to select amazing jewelry for their special moments. Share your views 🙂 #jcklasvegas #jewelry #diamonds #jewelryretail #luxurybrands #shimansky #Jewelryretail

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💎 Tip of the Day: Shift Your Focus to Natural Diamonds In 2024, retailers should prioritize training their associates in the art of selling natural diamonds. Understanding the unique selling propositions of natural diamonds and highlighting their rarity is crucial. Showcase natural diamonds first, emphasizing their value, even if customers inquire about lab-grown options. Reserve lab-grown diamonds as a last resort, discreetly kept in the back, and presented only after thoroughly explaining the value of natural diamonds. 💍 #DiamondSales #RetailTips #NaturalDiamonds #MeganTellsAll

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A 1.22 carat F color VVS1 clarity marquise Nat.Diamond engagement ring with FG/VS-Si Nat.Diamonds on the shank sounds exquisite. Here's a breakdown of the features: 1. Center Diamond: - Carat Weight: 1.22 carats - Shape: Marquise - Color: F (nearly colorless, high quality) - Clarity: VVS1 (Very, Very Slight Inclusions 1, meaning inclusions are extremely difficult to see under 10x magnification) - Certification: HRD (Hoge Raad voor Diamant, a respected European gemological institute) & GD Diamond Report 2. Setting: - Diamonds on the Shank: Smaller diamonds FG/VS-Si, ex make set into the band of the ring, enhancing its overall sparkle and elegance. The marquise cut is an elongated shape with pointed ends, known for making the fingers appear longer and more slender. An F color and VVS1 clarity ensure the diamond is of high quality, with excellent brilliance and minimal inclusions. If you have more specific questions about this ring or need advice on purchasing, feel free to ask!

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Recently spoke with Joshua Freedman at Rapaport regarding Lab grown. It is evident that the rise of lab grown diamonds is not merely a reflection of consumer preference, but rather a strategic push by certain retailers. The allure of high margins has led retailers to embrace lab grown diamonds, despite the diminishing overall value. As consumers become increasingly informed, the consequences of this misinformation is becoming apparent. Trust, once lost, is not easily regained. The jewelry industry risks alienating consumers by prioritizing short-term profit over transparency and integrity. Even worse these business models will not be viable in the long-run when the public realizes lab grown is worthless. Every day our team speaks to clients who thank us for our honestly and share stories of fraudulent attempts by retailers to sell them lab grown for tens of thousands of dollars. It's past time for a paradigm shift. We must all prioritize honesty and transparency in our businesses, ensuring that consumers are empowered to make informed decisions. Otherwise, we risk jeopardizing not only our credibility but also the trust of our valued clients. This is why The Clear Cut we have never sold lab grown diamonds but rather give them away for free. Let's all work together to uphold the standards of our industry and restore faith in the timeless beauty of ethical natural diamonds. https://lnkd.in/eKP7QZci

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The 8th Annual Chicago Responsible Jewelry Conference is your chance to delve into the future of sustainable and ethical practices within the industry. Be part of the event on August 9th & 10th for a thought-provoking exploration of critical issues and inspiring solutions. Here's a glimpse of what awaits: Go Global with Planet Gold: Discover how this UN-led initiative is eliminating mercury use in gold mining across 25 countries. Learn about their innovative solutions and the impact they're making on communities worldwide. Peace Gold: A Game Changer: Jewellery industry veteran Greg Valerio unveils his ground-breaking social enterprise, Peace Gold. This DRC-based project offers a unique approach to responsible and traceable gold sourcing. Combating Corruption in Gemstones: Dive deep into the issue of corruption in the gemstone industry and its impact on consumers, miners, and traders. Experts will guide you on how to support anti-corruption efforts and make ethical purchasing decisions. Lesotho Diamonds: Balancing Progress and Protection: Hear from Thabos Letherioli about the plight of indigenous communities near the Gem Diamond mine. We'll explore the challenges and opportunities surrounding the legalization of artisanal and small-scale diamond mining in Lesotho. Rehabilitation on the Horizon: Learn about the efforts of leading jewellery companies to address the environmental impact of abandoned tailings ponds. Design with a Difference: Get inspired by innovative jewellery designers who prioritize ethical sourcing, storytelling, and responsible practices in their creations. Don't miss out! Secure your tickets today and be part of the movement towards a more sustainable and ethical future for #jewellery. https://lnkd.in/eDb93byU

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Earth Day, Every Day! Happy #Earthday🌍🌱 At Iniskim Ammolite, we believe that change starts with action that impacts the world around us, and that change begins with holding ourselves accountable to ensure better transparency and integrity with our customers. What drives our company? Beyond sharing Ammolite’s fascinating story and colour, we are captivated by eco-responsibility, transparency and traceability. These are the three pillars that drive our work. As new clients, partners, and affiliates learn more about our team, it becomes clearer that we can compete globally.   From our humble beginnings, we continue to focus on growing and developing a world-class Ammolite gemstone company. We put environmental sustainability at the heart of everything we do. Ongoing partnerships and business development opportunities with Ammolite are mainly due to its ethical mining practices, trust, transparency, diversity, and inclusivity. These principles and our passion for delivering world-class craftsmanship daily to make a better product make Ammolite more than a precious gemstone. Iniskim Ammolite is ethically sourced and certified by the Patrimoine canadien -- Canadian Heritage Where would we be without Mother Earth forming beautiful gemstones and precious metals? We love gemstones for their beauty and for how they offer windows into Earth's geologic processes. Our goal this Earth Month is to inspire people to make positive changes in their daily lives to reduce their environmental impact. Can you believe that these colours are naturally produced by Mother Nature? As a proud member of the International Colored Gemstone Association, we were renewed for Accredited Ethical Member designation; this designation is granted to members who demonstrate the ability to provide ethically mined, responsibly sourced Gemstones. I would also like to share a quote from the World Jewellery Confederation - CIBJO’s Head of the Marketing and Education Commission, Jonathan Kendall:  “Over the past 50 years, marketing messages in the jewellery industry have evolved from promoting opulence and luxury to a more inclusive and emotionally resonant approach…Modern marketing campaigns tend to focus on personal connections, authenticity and sustainability, reflecting consumers' evolving values and priorities.”Aligned with World Jewellery Confederation - CIBJO Congress, 2023 “Transparent and Traceable Gemstone Supply Chains Initiative'', this has been a core pillar for us from the beginning. As a founder and President of Iniskim Ammolite, my mission is to be the industry's most sustainable and trusted Ammolite brand. Every day is #earthday at Iniskim Ammolite🌀check out our latest blog for insights into our values and efforts to set an example for the Ammolite industry:https://lnkd.in/gH5pei4k What are you doing to make our planet better for tomorrow? #ResponsiblySourced #sustainability #earthday2024

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Increased supply lowers price which increases competition which lowers price. Synthetic diamond prices will fall to cost plus added value. Adding value to synthetic diamonds is in the domain of fashion jewelry as merchandised by Swarovski. Pandora, and eventually WallMart, Amazon and other retailers that specialize in low cost adornments. Synthetic people that misposition synthetic diamonds as engagement rings will go bankrupt. The gift of commitment requires something of value. Marriage is not a one night stand and engagement rings are not costume jewelry, There is a relationship between real values, real value and real diamonds.

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The Art Deco collar in White Patent never disappoints. SAVE 30% use promo code: FANCY. www.hartmanandrose.com. Exceptions Apply #luxury #luxurypets #luxurydogcollars #luxurydog #dog #dogcollar #dogleash #dogsofinstagram #dog #dogs #dogslife #designerdogcollars #fancydogcollars

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