GemAtlas e-Newsletter, June 2014

Information about GemAtlas e-Newsletter, June 2014

Published on July 14, 2014

Author: gematlas

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GemAtlas e-Newsletter, June 2014 : GemAtlas e-Newsletter, June 2014 PowerPoint Presentation: E-NEWSLETTER www.gematlas.com ISSUE: 3 JUNE 2014 “TRADE SHOW PARTICIPATION - MOST EFFECTIVE TOOL - A ROADMAP TO SUCCESS”. By Hemant Shah, Independent Consultant, Speaker and Innovator On Saturday, 5th July, 11 am to 12 noon INDEX Page 1 From the GA Team Issue Soecial New Product Showcase Page 2 • Artricle - Creation of Shared Facilities Can Help Cater to Specific Needs of Consumption Demand   • Readers’ Voice Page 3  Benefits of Posting Service Offerings or Enquiries on GemAtlas.com News Round-Up Page 4 Upcoming Events Chai Time Homour Webinar ! PowerPoint Presentation: India’s gems and jewellery space is currently experiencing many challenges. A few of them are : A lack of consumer interest in jewellery products; A lack of the industry’s focus and commitment to the future of their business to an extent, which is seen in a lack of adequate new product development and promotion of the product category; The emergence of the Surat Bourse and its accompanying insecurity about the extent to which it will draw business away from Mumbai; The emergence of high-quality lab-grown diamonds; Unstable gold prices which have us often buying at one price and selling at a lower one . Through articles we write, the topics we request guest authors to write on, and through our Issue Special sections, we have been addressing some of these challenges. Keeping in mind the challenges the Industry is facing, especially the diminishing share of the consumers’ wallet, we at GA decided to tap in to Sanjay Kothari’s vast experience in the industry and as a leader who has a vision and passion for the industry. We would like to thank him for his perspective on what the future looks like, and his insights... READ MORE >>> © 2013 -2014 Gem Atlas, All Rights Reserved From the GA Team PowerPoint Presentation: Issue Special An Interview with Sanjay Kothari, Convenor , PMBD Sub-committee – GJEPC, on ‘The Future of the Gem & Jewellery Industry’ GA: In the broad perspective What is your view on the future of the Industry? SK : I see a bright future for the industry-One where it is well-controlled and managed and where mining companies are focused. Of course, the challenges are greater than they were in the 80s and 90s, but the future is bright, nonetheless. GA: We see challenges like: a. Synthetic diamonds; b. Lack of consumer interest in the product; c. Lack of the industry’s focus and commitment to the business; d. The Surat Diamond Bourse; e. Unstable gold prices. Can you state the 3 biggest challenges the industry faces today ? SK : The biggest and most important challenge is the credibility of the industry. Since the last 10-15 years... READ MORE >>> © 2013 -2014 Gem Atlas, All Rights Reserved PowerPoint Presentation: TAKE OUR SURVEY & GET A CHANCE TO WIN A VOUCHER FOR A WEEK’s STAY AT A STERLING TIMESHARE HOTEL! If you answer all the questions, you stand a chance to win by lucky draw. The only place Tanzanite is found is in the Umba Valley, at the foot of Mount Kilimanjaro, in Tanzania. © 2013 -2014 Gem Atlas, All Rights Reserved NEW PRODUCT SHOWCASE www.taregoldcreations.com www.swarovski-gemstones.com www.estaa.in PowerPoint Presentation: “TRADE SHOW PARTICIPATION - MOST EFFECTIVE TOOL - A ROADMAP TO SUCCESS”. By Hemant Shah, Independent Consultant, Speaker and Innovator On Saturday, 5th July, 11 am to 12 noon Webinar ! ISSUE:3 JUNE 2014 E-NEWSLETTER Best Read Creation of Shared Facilities Can Help Cater to Specific Needs of Consumption Demand By the GA Team With innovations in jewellery manufacturing techniques moving forward at a galloping pace, it’s hard to keep up with the varied demands of the jewellery consumption segment. Consumers are well-versed with styles, designs, and even production techniques to some extent. They are being more vocal about what they want than ever before. It is becoming less and less possible for sales personnel to steer walk-in customers away from a particular demand that cannot be met and towards other options. It is becoming increasingly important for jewellery retailers to be able to access the whole gamut of currentday manufacturing technologies and equipment. But, the kind of investments that this would entail makes it a distant dream for even most large jewellery manufacturing companies, and certainly so for small ones. Perhaps exploring the possibility of creating shared facilities offers a worthwhile answer. PowerPoint Presentation: If one dissects the value chain of the industry, there are already many different external processes involved before a piece of jewellery is ready for sale. Metals like gold may be imported. Diamonds and coloured stones are sourced from traders, who source them from mining companies. Craftsmen are employed for cutting and polishing stones and manufacturing jewellery . Many different jewellers use the same suppliers and service providers. So, why not go a step further and pool resources for manufacturing equipment? Beyond helping large manufacturers increase their production capabilities manifold, shared equipment would improve the playing-field for smaller players. Let us consider the possibility of shared facilities in the dozen or so major jewellery manufacturing clusters in India, as an example. The clusters include areas around Jaipur , Surat , Mumbai, Coimbatore, Trichur , Hyderabad , Nellore, Kolkata, Delhi and Amritsar. Shared facilities in big jewellery clusters such as these would facilitate the adoption of new technologies in design and manufacturing that would otherwise not be possible. Moreover, it would help keep a check on working conditions in the industry. Small jewellers privy to such collaborations could even innovate, and adapt the latest international designs and techniques to meet local preferences. Even for large retailers, demands for specific pieces of jewellery that employ new, unusual techniques and facilities, or satisfy current trends, often do not justify large spends on equipment. Employing the concept of shared equipment could very well be the answer. Mehernosh Printer, well-known consultant for setting up factories, said, “I think shared Creation of Shared Facilities Can Help Cater to Specific Needs of Consumption Demand By the GA Team PowerPoint Presentation: equipment is just what the industry needs. Clients constantly ask me about how they can improve processes, and many do dedicate strong budgets towards that end, but, as with any manufacturing machinery, costs are prohibitive, and one has to compromise somewhere. Even if a few companies were to collaborate, costs would come down and customers could get a lot more options. I would say this would in fact likely push consumption demand, because according to what clients tell me, if customers don’t get what they are looking for, they often won’t settle for something else.” Improvements in infrastructure would lead to a greater value addition across board, and the share of the organized market would grow. According to FICCI Report ‘All that Glitters is Gold: India Jewellery Review READ MORE >>> Creation of Shared Facilities Can Help Cater to Specific Needs of Consumption Demand By the GA Team PowerPoint Presentation: READERS’ VOICE I have browsed through you newsletter and found it very informative, Interesting and impressive. I am sure that Gem and Jewellery trade and industry should find it very useful in their spheres of activities and command a wide viewership for their own benefit. I look forward to receiving future issues. Keep up the good work . Dorab Tata, Ex-Director I Hennig & Co. Ltd, London. © 2013 -2014 Gem Atlas, All Rights Reserved More Articles WHY INDIA’S GOLD IMPORTS REALLY INCREASED & HOW TO INCREASE SUPPLY FROM RECYCLABLE SOURCES - By Sanjeev Agarwal , Core Member, FICCI Gems & Jewellery Committee GEMS – A SPIRITUAL PERSPECTIVE - By Neera Kapur , Christian Science Practitioner & Teacher HOW TO MAKE YOUR MEETINGS MORE PRODUCTIVE - By the GA Team. PowerPoint Presentation: “TRADE SHOW PARTICIPATION - MOST EFFECTIVE TOOL - A ROADMAP TO SUCCESS”. By Hemant Shah, Independent Consultant, Speaker and Innovator On Saturday, 5th July, 11 am to 12 noon Webinar ! ISSUE:3 JUNE 2014 E-NEWSLETTER Benefits of Posting Service Offerings or Enquiries on GemAtlas.com With the advances made in Internet technology, businesses now prefer online classified advertising because it reaches maximum customers. Moreover, it is much more economical than other forms of advertising. GemAtlas takes classified advertising to another level. This is because it is highly specialised to the gems and jewellery industry – and with its numerous services categories, one can hone in on a very precise target audience quickly, and set the wheels of business transactions in motion, equally quickly. All along people have been looking for a medium where they can post their offerings and requirements, and have their messages delivered to the right customers or service providers. GemAtlas provides that medium. In this section of our last newsletter, we talked about “ How to Make Effective Use of GemAtlas.com ” – this time, we would like to talk about the benefits of making postings on GemAtlas vis -a- vis other media: PowerPoint Presentation: • You have the opportunity to advertise your services and products to a wide global audience of GemAtlas registered members . • Provision to display your product along with the offering to help you reach your audience with your product, virtually . • You can control your selling, buying, and community activity. Once you make a post it remains there for a month, but if your requirement is fulfilled you can deactivate your post before expiry. That way, you can avoid a scenario where people keep contacting you after the requirement is fulfilled . • You can view the number of responses received and also view all responses at a glance, allowing you to make quick decisions. Benefits of Posting Service Offerings or Enquiries on GemAtlas.com Posting on GA, helps you undertake two-way communicative marketing, where customers/ suppliers can quickly and easily give feedback on your product / services . • By posting on GemAtlas , you not only get new customers, but you will be able to reach out to new wholesalers or manufacturers, who are able to supply you with products at lower rates. This will provide you with a wider variety of suppliers, and also give you a chance to expand your product range . • Notifications on the go! Whenever any response is received for your posting you receive an email notification, allowing you to stay in touch and access your posts anytime . • View detailed information about your supplier / service provider by clicking on their name. PowerPoint Presentation: It will display their business cards with basic contact details. You can also search for them in the Yellow Pages on the dashboard to view their complete profile and additional details. View the video by accessing the following link: https://www.youtube.com/ watch?v =i3WUaexxLJE Benefits of Posting Service Offerings or Enquiries on GemAtlas.com NEWS ROUND-UP Chow Tai Fook Announces Decision to Buy Hearts On Fire Co for $150M Hong Kong’s Chow Tai Fook Jewellery Group Ltd recently announced its decision to acquire 100% stake in U.S.-based luxury diamond jewellery company ‘Hearts On Fire Co’ for $150 million. The decision is part of the Chow Tai Fook’s strategy to expand its high-end product range... Read More >>> IGI Teams With GJSCI to Provide Professional Courses in India The International Gemological Institute has announced that it will be joining hands with the Gems and Jewellery Skill Council of India (GJSCI) to provide professional training in various services related to the... Read More >>> PowerPoint Presentation: NEWS ROUND-UP Zimbabwe Using Diamonds to Secure International Loans Starting May 1, 2014, Zimbabwe’s diamond mining firms have been selling their stones through the South African country’s central bank, after receiving orders from the Government to do so. Secretary of Mines, Francis Gudyanga , sent a letter to mining companies operating in the country on April 28 and the order came into effect on April 30... Read More >>> 36th World Diamond Congress is a Great Success The 36th World Diamond Congress was held in Antwerp, Belgium, between the 15th and 18th of June, 2014, at the Hilton Hotel. The main sponsors for the event © 2013 -2014 Gem Atlas, All Rights Reserved were AWDC (Antwerp World Diamond Centre) and courier company MALCAAMIT... Read More >>> GJF Launches Labham – An Educational Programme for Compliance & Best Practices The All India Gems and Jewellery Trade Federation (GJF), which is the national trade federation for the promotion and growth of trade in Gems and Jewellery industry has initiated a first-of-its-kind educational programme for manufacturers, retailers, wholesalers, traders and all other members of the gem and jewellery business. The programme called ‘ Labham ’, was launched amid a lot of fanfare in Rajkot, on June 1, 2014, and represents the first... Read More >>> Thank You www.gematlas.com: Thank You www.gematlas.com For subscribing to GemAtlas Newsletter log on to: www.gematlas.com www.facebook.com/gematlas https://www.linkedin.com/company/gematlas

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