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News

  1. Q1 Gold Jewellery Demand Soft, Says WGC
  2. Jewellery Buying Groups Formed New Global Alliance
  3. Singapore to Host Jewellery & Gem World 2022
  4. ‘Wonder Woman’ Gal Gadot Premiered in Tiffany’s 2022 High Jewellery Collection
  5. Christie’s to Auction ‘The Light of Africa’ for $18M in June
  6. New Board of Directors were elected to Jewellery Exporters Association of Turkey
  7. Oroarezzo back with Première Competition
  8. ‘De Beers Blue’ auctions US$57.5M at Sotheby’s
  9. CTF launches Mother’s Day collection
  10. Jewelers of America Announces The 2022 CASE Award Winners
  11. De Beers: Diamond Businesses Staying Cautious About Business Expectations
  12. Synthetic Alexandrite Pioneer David Patterson Dies at 89
  13. 205 CARAT FANCY INTENSE YELLOW DIAMOND GENEVA MAGNIFICENT JEWELS | 11 MAY 2022
  14. Rebecca Foerster Appointed As President of Hearts On Fire
  15. US Steps Up Sanctions Against Alrosa
  16. PGI Study Findings: Consumers Have Different Interpretations of Sustainability
  17. Irving Wong Appointed as Pandora’s General Manager For China
  18. Rolex’s 6 New Watches Unveiled at Watches & Wonders Geneva
  19. Sixième Sens par Cartier High Jewellery: Heteractis Ring
  20. Will Russian Diamond Ban Help Foster Lab-Grown Diamond Business?
  21. Press Release: Ariana DeBose, Hunter Schafer and Zoey Deutch Shine in De Beers Jewellers at the Vani
  22. Press Release: Ariana DeBose, Hunter Schafer and Zoey Deutch Shine in De Beers Jewellers at the Vani
  23. JEWELLERY GENEVA Takes Place between 30 March and 3 April 2022
  24. Christie’s Presents 228 carat White Dimond
  25. Gold Bar Integrity Programme to be Implemented
  26. Press Release: BONHAMS ANNOUNCES ACQUISITION OF BRUUN RASMUSSEN AUCTIONEERS – DENMARK’S LEADING AUCT
  27. Early Spring Fashion for Natural Diamonds
  28. Jennifer Garner Shines in De Beers Jewellers at the Premiere in New York
  29. To celebrate its 15th anniversary, “Cartier Women’s Initiative Impact Report”
  30. American Gem Trade Association Announces Partnership with JCK Show Again
  31. Chow Tai Fook and Canada's Mountain Province Diamonds Sign Supply Agreement
  32. Registration Is Open for 2022 JCK Show
  33. Alrosa Caught Up in U.S. Sanctions
  34. Tawhid Abdullah Receives Lifetime Achievement Award
  35. The Largest Blue Diamond Appears at Sotheby’s Auction
  36. Price Rise for Nearly 90% Of Fancy Colour Last Year
  37. Dickson Yewn’s Collectibles Given for Sotheby’s Charity Auction
  38. De Beers Boosts Production
  39. Watches & Wonders Geneva To Be Held In Hybrid Format
  40. Jewellery, Gem & Technology Dubai to Debut February
  41. Hong Kong Losing its Dominance as the World's Largest Watch Market
  42. Gift Guide for CNY
  43. Press Release: Sotheby’s Announces New Appointments To Luxury Team In ASsia
  44. Georg Jensen Becomes a Certified Member of RJC
  45. 555.55-carat Black Dimond Unveiled at Sotheby’s Auction
  46. GIA Appoints Anna Martin as SVP for Institute, Industry Relations
  47. Alrosa Boosts Direct Sales of Fancy Diamonds to Investors
  48. CIBJO General Assembly postponed to March 17 and 18, 2022
  49. 7,525 Carat Emerald Discovered
  50. Karl Lagerfeld Jewellery Collections to Shine
  51. Diamonds Travel To The Space
  52. Vicenzaoro January postponed to March
  53. America’s Youngest Jeweller Starts Business via Instagram
  54. Concerns over conflict gold arise again
  55. The 1st International Gemstone & Diamond Trade Summit Wraps Up in Macao
  56. The Knot’s Study:Over 30% of Respondents Say Natural Diamond Unimportant
  57. Pantone’s 2022 Colour of the Year: Very Peri
  58. Phillips Jewellery Auctions Fetch over HK$181 Million
  59. The World’s First Pure Gold Castle of Magical Dreams by CHOW TAI FOOK
  60. Jewellery Sales Jumped 78% During the Thanksgiving Holiday
  61. Gem Auctions DMCC’s Debut Auction Successful
  62. Cartier’s Christmas Tree Lights Up the City with Love and Hope
  63. Rediscovering Lacloche in Hong Kong
  64. Blue diamonds to lead Christie’s HK autumn sale
  65. JMA show to stage next Thursday
  66. HK auction to help Cambodian kids
  67. Basel fair cancelled again
  68. HKDI show to continue in Dec
  69. Gemfields sells 7,500-carat emerald for good
  70. Sustainability is key to diamond purchases, a report says
  71. Christie’s Geneva jewellery sale fetches CHF53.7m
  72. Cibjo forms working group on fei cui standards
  73. Only Watch raises CHF30m for DMD research
Read More...


HIGHLIGHT

  1. US market unfolds changes and potential
  2. The queen of gems, the gem of queens
  3. Classics return

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  • ZEN HARMONY collection, Charriol
  • Yana Nesper
  • Titanium collection, Giovanni Ferraris
  • Prima collection, Fope
  • Mini Sweety collection, Bigli
  • Leaves collection, Ole Lynggaard Copenhagen
  • Happy Hearts collection, Chopard
  • Flower brooch, Picchiotti
  • Eka Tiny collection, Fope
  • Dune collection, Anna Maria Cammilli
  • Chloé collection, Bigli
  • Alessio Boschi

Satisfaction remains high for European exhibitors at Basel fair

It is incontrovertibly that Baselworld 2018 was the smallest and shortest edition of the world’s largest watch and jewellery fair in recent years. Our reporter stayed all through the show period interviewing renowned European jewellery exhibitors who are famed for innovation and creativity. Over the first few days quite a number of exhibitors had frowned upon the thin traffic and gloomy atmosphere. Nevertheless, smiling faces with a hint of approval were met when the show was drawing to a close.

 

Ended on 27 March, the 2018 show ran for only six days (from the normal eight-day schedule) with half as many exhibitors, around 650 compared to 1,300 in 2017. The exhibition space was reduced by one-third. Industry leaders including Mikimoto, Boucheron, Autore, Dior and Hermès had quitted.

Despite the solitary isles across the jewellery halls, the show management MCH Swiss Exhibition (Basel) Ltd said on 24 March that the first two days recorded an eight-percent increase in the number of professional visitors compared to 2017. “Numerous exhibitors likewise expressed strong satisfaction with the start of Baselworld and confirm first positive results,” said the official statement.

We sent out a post-show questionnaire to those we had interviewed during the show. A high percentage of them expressed satisfaction towards their performance in general, among them about half even said “very satisfied”.

In terms of visitor traffic, a majority said it was about the same as last year. Nearly 80 percent of the respondents said positive and enthusiastic buying sentiments were observed.

As for whether they will return to the 2019 edition, the majority of them gave an affirmative remark, including most of the following brands.

 

Positive remarks

Celebrating its 35th anniversary this year, Anna Maria Cammilli from Italy fared very well at the show. Company CEO Riccardo Renai told us that most of their visitors were from Europe which is a growing region for them despite the lacklustre domestic market. Inspired by Japanese design, the anniversary collection includes a pendant, earrings and a ring with stylised flowers in a harmonious way. The new ‘Dune Precious’ under the Dune collection was well-received at the fair, he said. To tap the millennial market, the brand is working to get closer to the new consumers via website, e-commerce, social media and online marketing.

 

“Baselworld continues to be an important event for our brand and international development,” said Michel Normann, COO of Ole Lynggaard Copenhagen. “This year the quality traffic seemed to be stronger than precious years.” Unika Snake rings set with different gemstones ranging from US$10,800 to $28,000 were among the bestsellers. Normann attributes the success to innovation, design skills, and consistent branding concept. Besides Europe, the Danish brand has recorded market growth in Middle East, Asia and the United States. “The interest and acknowledgements received from Baselworld have shown a promising 2018-19,” Normann added.

 

Antwerp-based Hulchi Belluni felt satisfied with the fair as well. “Our customers were enthusiastic about the new collections. Everybody felt immediately in love with the lace structure of the Dentelle collection and the powerful femininity of the Cubini collection,” said Axelle Knapen of the Belgian brand. “The buying sentiment of our customers did not change. We see the future as shiny as our diamonds. We are happy to announce that we will participate in Baselworld 2019.”

 

It was the best Basel fair for another Belgian brand Bigli since it joined the fair five years ago. Despite the unsatisfactory location, worldwide visitors went looking for them. According to marketing representative Annick Tuytens of the company, the Mini Sweety collection was a big hit. Stacking rings from the collection are available from 1,075 euros each. “Benelux is our home market with some growth in German. We are growing a lot and very positive about the outlook for 2018-19.”

 According to Yana Nesper of Pforzheim-based pearl jeweller Heinz Nesper, Baselworld 2018 exceeded their expectations. “We had much higher traffic compared to previous years with visitors mostly from Middle East, Europe and South America,” she said. Products at US$500 to $1,500 went particularly well. “Our sales are quite stable, although the portfolio of our customers is changing. We have made a shift towards more online sales and more international customers. Those who are flexible and make use of chances and possibilities will succeed. Communications and storytelling are getting more important,” she added.  

Charriol from Switzerland recorded similar traffic as last year. “Almost all of our agents came visit us. Visitors were mainly from the States, Middle East, Asia and Europe, with much less from mainland China,” said Alice So, business manager of Philippe Charriol (Far East). The brand launched two new watch series St Tropez Slim and Marie Olga together with 13 new jewellery collections at the show, with the entry price levels of US$990-$1,390 at retail being the bestsellers. She sees positive growth this year thanks to the well-received new collections.

“We were very satisfied with the positive feedback received from our customers and the press. The level of business conducted was quite good. We were busier than last edition as the show was two days shorter,” said Alan Hakimian, managing director of London-based pearl jewellery brand Yoko London. At the fair the brand introduced The Royal wedding collection inspired by the upcoming British royal wedding. South Sea pearl and diamond earrings at US$1,000 to $5,000 were the bestselling items. Hakimian said the buying mood was fairly positive although many buyers were still cautious. At present the Middle East market is going well for the brand, while UK and the States are improving. “China is very important for us. We anticipate India will become much more important in the next few years. The global outlook for 2018-19 will be brighter, though it will continue to be challenging,” he added.

The Swiss fair was “another fantastic Baselworld” for Vicenza-based Fope famed for its patented Flex’it collections. “We performed ever better than last edition. Everybody came as agreed,” said marketing manager Valentina Bertoldo. Both the Eka Tiny and Prima lines from around US$1,000 wholesale were among the sought-after styles. Bertoldo believes that the Basel fair still represents the best opportunity for the brand to meet global customers. “Last year we grew in every market with double-digit growth in UK, Germany and the States. We are doing well in Italy despite the slow domestic economy,” she said. Currently, the brand is focusing on the European market which is very positive, with some business activities in mainland China.

 

2019 confirmed

The long-awaited Q&A session after the speech by the show management at the press conference was unexpectedly called off. To address the wide speculations over the uncertain future of the show, the management organised an ad-hoc press conference on the last day of the show.

At the conference, Sylvie Ritter, managing director of Baselworld, confirmed that another six-day show will be held next year, 21-26 March 2019, with all leading brands committed to participating, for instance, Rolex, Patek Philippe, Chopard, Chanel, etc.

According to René Kamm, MCH Group CEO, the next show will keep the similar number of exhibitors which is “optimal”. More small-to-medium companies will be recruited. When asked the outlook for the show, Kamm said: “Planning for 12 months is a challenge.” He added that more details of the next Basel fair will be ready in autumn this year.

 

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