iDiamondCloud - Best-Selling Jewelry Software

After Becoming the Prime European Market for Swiss Watches, The Italian Watch Market found Hardship in 2016. However Italians’ Enthusiasm for Watches has been Known and Recognized for Decades. Europa Star’s Serge Maillard speaks with Sylvain Rousmant, Partner at Mazars Italy, A Specialized Auditor, on the topic. In 2015 The Italian Watch Market became the Key European Market for Swiss Watches. 2016 was more difficult and The United Kingdom took the first rank again (In the aftermath of Brexit and attractive Currency Conditions), but Italians’ Enthusiasm for Watches has been Known and Recognised for Decades. We speak with Sylvain Rousmant of Mazars Italy, The International and Consulting Group, to understand more.* Italy is Europe’s Second Strongest Market for the Swiss Watch Industry, behind the United Kingdom, but ahead of Germany and France, Despite the fact that the Country has a smaller population. How can you explain this strength? The Trend of Luxury and Style is the determi

The Hard Luxury Sector is more Voluntary and Experienced from political unreliability as well as slowing demand in key markets. Nevertheless the Industry will Stabilize in 2017, based on positive Macro-Economic factors and on-the-ground Market Outlook. The World Presentation of Haute Horlogerie (WPHH) and The Salon International de la Haute Horlogerie (SIHH), Two Watch Exhibitions organized by Franck Muller and Richemont respectively, Opened doors in Geneva earlier this month in the middle of a 12-month period with Plenty of Challenges for the Watch Industry, and more generally for the Hard Luxury Sector as a Whole. Indeed, 2016 was a difficult year as the Subsector Revenues were down -5% on average. According to Bain, Watch Sales decreased by -8% at Constant Exchange Rates while Jewelry grew by a mere +2% after several years of Rapid Growth. The Global Luxury Market was flat due to lower Sightseer flows in Major European Capitals as well as Political unpredictability i

Market research analyst predicts the global watch market to grow steadily at a CAGR of around 8% by 2021. One of the key factors responsible for the growth of this segment is the rise in the demand for Swiss-made luxury watches. This growth in demand is attributed to the superior quality, enhanced design and craftsmanship, and technological sophistication of Swiss-made watches. Also, the rapidly growing economies and rising disposable incomes, especially in developing countries, have given better purchasing power to the consumer and are largely responsible for the shift in demand for Swiss-made luxury watches in developing countries. For instance, Piaget’s sales grew slightly even during the economic crisis owing to the growing demand for luxury watches in countries such as India, Russia, and China. Moreover, increasing brand awareness, growing western influences, and the inherent need for exclusivity will propel the growth of the global watch market during the forecast period.

The first diamonds were discovered in India and Brazil. Diamonds were believed to be “precious tears cried by the gods” or “splinters from falling stars” by the Ancient Romans and Greeks. Diamonds are a natural product of the earth that were formed billions of years ago under intense heat and pressure. Diamonds got their name from the Greek word “adamas,” which means invincible or indestructible. The only thing that can scratch a diamond is another diamond. They were brought to the earth’s surface hundreds of million years ago through volcanic eruptions. Diamonds are finite and getting rarer — the last significant discovery was made nearly 20 years ago. Every child in Botswana receives free education up to age 13 due in great part to diamond revenues. At diamond mining sites, wildlife have the right of way. The Cullinan Diamond from South Africa is the biggest diamond ever found. It weighed 1.22 pounds (3,106 carats).

The jewelry industry seems poised for a brighten up future. Annual global sales of €148 billion are expected to grow at a healthy clip of 5 to 6 percent each year, totaling €250 billion by 2020. Internationalization of brands and Industry consolidation In the 1980’s, National apparel Brands were the pronounced leaders in their assigned/target markets: C&A in Germany and Marks & Spencer in the United Kingdom. Today, many National brands have been outranked by international brands such as Zara and H&M. Others have built or expanded their international presence. Hugo Boss’s sales outside Germany, for example, grew from 50 percent of its total sales in 1990 to more than 80 percent today. Apparel has become a truly global business. Growth of Branded Jewelry Branded items already account for 60 percent of sales in the watch market. While branded jewelry responsible for only 20 percent of the overall jewelry market today, its share has doubled since 2003. In our re

Worldwide jewelry sales is still on the rise and were estimated at € 119 billion in 2007. The main markets were USA (€ 36.0 billion), EU (€ 23.9 billion), Middle East(€ 11.4 billion) and, since 2005, China (€ 10.4 billion) and India (€ 9.7 billion). Together these markets accounted for nearly 75% of global jewelry consumption. Since 2003, worldwide sales have increased by an average annual rate of 3.9%, because of a rapid growth of the Chinese and Indian markets. According to a survey of KPMG, it is expected that Chinese and Indian jewelry markets together will be the equivalent of the USA market by 2017. In 2007, gold and diamond jewelry accounted for 80% of worldwide jewelry value sales. While by volume, costume and silver jewelry form the largest part. Jewelry sales is expected to grow further driven by a growing middle and upper class, particularly in Asian countries. EU consumers have become more affluent and fashion conscious, especially in the new member states. Even if t

The year 2015 was very tough and challenging one for the diamond industry. A decline in consumer demand for diamond jewelry that started in 2014 in Greater China had a ripple effect throughout the diamond industry that lasted into 2015. Weaker-than-expected customer demand hurt polished-diamond sales as retailers reduced procurements of the polished diamonds. The slowdown extended to midstream companies as they built up inventories and reduced purchases of rough diamonds. Rough-diamond profits dropped by 24% in 2015 as the midstream segment sold down amassed inventories. Manufacturers reacted to declining demand by reducing production, increasing inventories and cutting rough-diamond prices. ALROSA, increased production in 2015 by 6%, saw its inventory levels go up when rough-diamond sales fell down in the second half of 2015. De Beers reduced production by 12% throughout 2015. Rough-diamond prices fell by 15% in the later part of 2015 and remained largely static in 2016’s first

Many still aren’t using, or don’t even realize they need, the kinds of cutting-edge tools that integrate inventory with point-of-sale and customer engagement efforts. For instance, tools that capture a customer’s information at the time of purchase and integrate those details with your existing customer relationship management platform are a simple but effective way to build on your relationships with those buyers by following up and engaging with them via direct mail or email. Inventory management tools need to provide information to jewelers in real time to capture an accurate snapshot of your merchandise turn. As an owner, it’s crucial to know which of your pieces fly out the door and which move sluggishly, if at all. Being able to track turn times and see what—and when—your customers buy is a terrific asset. Conversely, inventory that never leaves the showcase drags down your cash-flow position, but cutting prices without a clear strategy also means missing an opportunity t

People will continue to enjoy buying personal everyday Companions in future and giving them as gifts. This Germany’s Jewellery Market is expected to grow on average by 2.2 percent per year until 2019. This means it will increase from EUR 9.6 billion at present to EUR 10.7 billion. Surveys by the Cologne Institute of Retail Research shows that the Jewelry market, following a Significant fall in 2013, has Stabilized again. Per Capita expenditure on Jewelry products currently stands at EUR 47.31 (2014). The forecast suggests that by 2019 the Jewelry market will actually exceed its 2012 record, attaining a market volume of EUR 4.2 billion. Online Trend Continuing The next few years will also see online growth in sales of jewelry, watches and personal accessories. Distribution will shift further towards non- bricks-and-mortar retailing. Internet pure players will play the decisive role in this development, in the lead over online shops of bricks-and-mortar retailers. In 2014 th