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FORTY Under 40: Celebrating GJ industry’s next-gen talent

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One of the highlights of IIJS Premiere 2024 was the GJEPC’s 40 Under 40 initiative, which celebrated the industry’s next-gen talent. This prestigious award recognized young visionaries who have demonstrated exceptional talent, innovation, and dedication to the world of jewellery. This initiative by GJEPC which aims to applaud the sharpest young minds in the industry, inspires and encourages other next-gen professionals to push themselves to the summit of excellence.

The awards were presented by Nirav Bhansali, Convener, National Exhibitions, GJEPC, Vaishali Banerjee, MD, PGI India, Sachin Jain, Regional CEO, India, World Gold Council and Amit Pratihari, VP, De Beers Forevermark.

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JB Insights

Forevermark stores: De Beers is rewriting the rulebook

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De Beers isn’t just playing the game anymore; they’re rewriting the rulebook. Forget the “shop-in-shop” clutter—the diamond giant is planting its flag in Indian soil with a strategy that’s as sharp as a princess cut.

By launching standalone Forevermark stores, De Beers is ditching the middleman and betting big on India as the ultimate test bed for high-octane luxury. Here’s how they’re turning the “traditional” jewelry market on its head:

The Strategy: High Stakes, Higher Value

De Beers has stopped trying to blend in. They’ve realized that to sell a dream, you need to own the room.

  • The Blueprint: They’re swapping low-risk partner outlets for sprawling, 5,000 sq. ft. flagship “global” stores.
  • The Target: No more waiting for a wedding invite. They’re hunting the “Self-Purchaser”—affluent women (ages 25–45) who buy diamonds because it’s Tuesday, not because they’re getting married.
  • The Map: Forget the cooling markets in China or the “steady-as-she-goes” U.S. De Beers is laser-focused on India’s Tier 1 and Tier 2 cities, where the appetite for luxury is growing at a staggering 10–12% annually.

Why India? The Death of “Gold Only”

For decades, gold was the undisputed heavyweight champion of the Indian heirloom. Not anymore. India’s young, wealthy middle class is trading religious tradition for high-end aspiration.

Gold has long been the Old Guard of Indian jewellery—deeply rooted in tradition, trust, and legacy. Dominating heavy wedding sets and festive occasions, gold is typically purchased by families and patriarchs, valued as both adornment and secure investment. Its vibe is timeless, ceremonial, and culturally rich, symbolising stability and generational wealth. In contrast, diamonds represent the New Wave—light, versatile, and designed for everyday wear as much as special moments. Increasingly chosen by independent women, diamond jewellery reflects individuality and aspiration, evolving into a modern status symbol that blends personal expression with contemporary luxury.

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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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