Showing posts with label Gems & Jewelry. Show all posts
Showing posts with label Gems & Jewelry. Show all posts

Wednesday, June 2, 2021

Gemstones: Fashion statements and a new hotspot for investment.

 The traditional engagement rings are slowly being replaced by gorgeous gemstones such as Sapphires, Ruby, Emerald, Turquoise, and Amethyst. Most brides today prefer rings with pop-up colours instead of all-white or all-yellow. Celebrities from Aishwarya Rai Bachchan to Blake Lively wear coloured gemstones not only to serve sentimental and astrological purposes but as a luxury style statement too.

Gemstones, Royals and sentiments

In the past, Napoleon bought an elegant sapphire ring for Empress Josephine. Even today, Royals have not shied away from expressing their love for gemstones. Duchess of Cambridge, Kate Middleton wears the same Sapphire studded engagement ring that once decorated late Princess Diana’s hands. The ring is well above half a million dollars today, but no one can put a price tag on the sentimental value it holds for Prince William and his family.

Gemstones as style statements

The growing popularity of gemstones can be witnessed clearly as many celebrities now use gemstone jewellery as style statements. This clearly indicates that gemstones have found their niche in the lifestyle and fashion market. Bollywood actress Deepika Padukone was seen wearing a Rubies necklace during fashion weeks. Rubies are known for their lovely colour and astrological benefits. Similarly, Kareena Kapoor can be seen wearing a Coral and a Pearl ring. Her ring has been captured in many movies, clearly indicating that she keeps them even on sets.

The legendary tale of the resurgence of Amitabh Bachchan’s acting career is a household story. Still, even today, Big B can be seen wearing his trusted Neelam ring along with a Columbian Emerald (Panna ring), suffice to say that his career and fashion game is still on point.

Growth of gemstones market

With more and more youngsters ditching the traditional diamond rings and opting for brighter or deep coloured stones, the demand for gemstones has increased exponentially in the last few years. Wedding seasons or not, the gemstones market is growing at a rapid pace. The growing demand for gemstones has effectively revolutionized the market, so much so that from traditional jewellers to global brands have started investing in gemstones.

The Indian Gems and Jewellery sector contributes 7 per cent of the country’s GDP. The ongoing global pandemic has affected almost every business, and the gemstones market is no different. From April to June last year, there was a drastic decline of 70 per cent in the exports market, but with the economy reopening in the United States, Europe and China, revival and recovery seem a lot more plausible than before.

Gemstones — A successful investment

The Gem and Jewellery Export Promotion Council has proposed reducing import duties on cut and polished diamonds and other gemstones to 2.5 from 7.5 per cent to double the export of gems and jewellery pieces to $70 billion by 2025. People have started buying gemstones as an investment as gemstones are scarce stones, so they do not depreciate and thus remain a sound investment throughout.

The simple demand and supply method is working for the growing gemstone market. Since more and more people are preferring gemstones, the market is currently offering vast growth opportunities. To become successful in investing in this volatile market, one must have an excellent eye to choose the authentic ones. It is also highly advisable to always go for brands that provide certificates from verified sources.


Wednesday, May 19, 2021

Gems, jewellery exports surge to Rs 25,226 cr in April: GJEPC

 The demand for gem and jewellery is back in major export markets, as the overall shipments of gems and jewellery surged to Rs 25,226.11 crore year-on-year in April 2021, according to Gem and Jewellery Export Promotion Council (GJEPC).

The overall gems and jewellery exports stood at Rs 273.41 crore during April 2020, when India as well as the major export markets were going through lockdowns to curb the spread of COVID-19, GJEPC data showed.

Exports of cut and polished diamonds (CPD) in April grew to Rs 16,538.84 crore as compared to Rs 261.19 crore in April 2020.

Gold jewellery shipments surged to Rs 5,060.23 crore compared to Rs 1.55 crore a year ago.

Silver jewellery exports rose to Rs 2,240.13 crore from just Rs 5.05 crore in April 2020.

Similarly, exports of coloured gemstone in April increased to Rs 163.66 crore against Rs 4.13 crore.

The gem and jewellery exports in April in comparison to the pre-pandemic year of April 2019 have outperformed. The reason why India managed to export Rs 25,226.11 crore despite the ongoing second wave of the pandemic was unlike last time, this time there was no national lockdown imposed and in almost all our manufacturing locations, activity for export has been facilitated by the government,” GJEPC Chairman Colin Shah said.

The key export markets have opened for economic and social activities and the industry is receiving good orders from these major export markets, he noted.

“Even the SEZs dedicated for gems and jewellery exports have been operational and are able to cater to the growing demand, especially in the US, UAE and China, Shah added.

Tuesday, March 9, 2021

Women Movers and Shakers of the Gems & Jewelry Industry


 Representation of women in the gems and jewelry industry has advanced in recent years, but there is still a long way to go. Like many other spheres, this industry has largely been seen as a “man’s world,” where women have had to overcome significant barriers in working in the sector. 

There has been, admittedly, some progress with books and exhibitions about past and present women jewelry designers. The focus is primarily on the downstream retail and design sector. Women’s representation is almost absent in the upstream supply chain – the mining, sourcing, manufacturing to gem cutting, and gemological research. 

According to most estimates, women drive demand for more than 90 percent of the world’s jewelry. Their tastes and preferences shape the jewelry market and influence decisions at every step of the supply chain. 

The Women’s interview series is a monthly column that aims to celebrate and amplify women’s voices in all facets and levels of the industry. We all have the responsibility to change the narrative into an inclusive and inspirational one. This is a platform that focuses on today’s trail-blazing female practitioners. 

Jewelry is more than just an accessory for Burmese Toronto-based Karen Pyu, the creative force behind the brand Mondselle. “It is an everyday art form, one to be expressed in the most beautiful ways.” Karen has made a name for herself with creations that beautifully combine her Burmese heritage with the urban, fashion-forward city of Singapore. Her jewels have already won the attention of Myanmar and Canadian celebrities, including MYA and Aung San Suu Kyi, the State Counsellor of Myanmar. Her passion for fine art began during her childhood and continued to grow through the years in high school. Karen moved to Toronto for her jewelry design and metalsmith training at Ontario College of Art and Design (OCAD) before launching her brand in 2015. Applying her honed sense of style and creativity to the realm of jewelry design, Karen Pyu puts wearability at the heart of her creations. 

She tells us more about her design philosophy and the female icons that inspire her work in our exclusive interview below. 

Can you give me some background into your journey before launching Mondselle? I was born in Myanmar and lived there until I was fourteen. As a kid, I remember coloring with crayons and enjoyed working and layering colors to create different effects. My mother saw how much I loved to draw and put me into art class every summer, but it wasn’t until we moved to Singapore, when I was given the opportunity to take a large variety of art classes and really pursue it as a passion. In high school, there was a design competition for SIGG water bottles, and my submission was selected as the best. It was amazing to see students carrying around the water bottles with my design on them. This really kick-started my passion for pursuing it as a career.

I moved to Canada for my jewelry design and metalsmith training. After graduating from Ontario College of Art and Design University (OCAD), I started Mondselle, which consists of fine and fashion jewelry.

Could you explain how the name Mondselle came about?
The name Mondselle is derived from the French word “mondaine,” meaning a woman belonging to fashionable society, and the word “Elle” meaning she. The brand is catered towards many sides to today’s modern women. Through my creative work, I hope to make women look and feel fashionable.

How would you define your brand aesthetic and style?
I gravitate towards ornate and sculptural aesthetics, and I’m also highly attracted to floral motifs. I design jewels that I genuinely believe in, and I would wear every day. My focus is also on wearability, which’s suitable for both the classical and fashion-conscious woman. You can pair one of my rings with a cocktail dress just as easily as you can with jeans. With a fine art training background, I also create visuals for my work. In an industry saturated with mass-produced fashion jewelry, it is crucial to set yourself apart through talent, quality, and craftsmanship. 

What inspires your work?
Having lived away from Myanmar since the age of 14, I learned to harmoniously integrate with other cultures. When I travel, I always pay attention to what’s around me, the people, and incredible art and architecture. I often like to look at the history and traditional elements of a culture, especially Burmese, to derive a theme, making it relevant to current times and telling a story with every piece.

What gemstones do you like working with?
I love working with colors, so naturally, colored stones are my playground, and I especially love all shades of blue. Sapphire and tanzanite are my favorite stones, along with Burmese rubies and emeralds. 

What kind of woman wears Mondselle? What do you want women to feel when they wear your pieces?
I want Mondselle to be a place where customers come to create or purchase something that will be memorable. Whether it is a gift for yourself, a friend, or someone you love, we want to create new, meaningful relationships and stories to be shared. We cherish the moment a special piece of jewelry was given to us, and it’s a memory that lasts a lifetime. There is tremendous satisfaction and a great honor to have the opportunity to be a small part of something so special. In my eyes, jewelry is an everyday art form, one to be expressed in the most beautiful ways. I found Mondselle in line with this philosophy to create jewelry that will enhance the day-to-day lives of modern women. Much care and love have been put into each piece, so I want women to feel confident when wearing them.

How did the covid 19 pandemics affect your creative process?
2020 was a tough year for many of us. Personally, the pandemic lockdown has been a blessing in disguise. As an introvert, it has given me a lot of time to create without all the noise of regular day-to-day activities. My sketchbook is now full of ideas that I hope to slowly materialize over the years.

Can you tell us about the women who inspire you the most and why?
Art is a way of life, and Frida Khalo is my deity. As a woman and an artist, Frida broke a lot of barriers. She not only defied society’s beauty standards, but she also gave us a lesson in resilience when she continued to persevere after the terrible accident that paralyzed her when she was 18. Instead of her trauma and pain being an obstacle, she used it to drive her self-exploration and art. Being a young woman in a male-dominated industry, resilience and standing firm are the virtues Frida had shown, which I admire and embrace.  

Closer to home Aung San Suu Kyi, the State Counsellor of Myanmar, is the living inspiration. During difficult times, I look up to her resilience and perseverance for inspiration in her twenty years of house arrest.  Never did I imagine she would one day be wearing a necklace from my collection. It’s truly an honor to see it on her.

I didn’t come from a family of jewelers, so I started Mondselle from the ground up, and with that came a lot of difficulties that I had to face alone. I learned from her the courage to deal with any roadblocks that may come my way and continue marching on.