Showing posts with label market trends. Show all posts
Showing posts with label market trends. Show all posts

Friday, February 8, 2008

Red carpet ripped out from jewelry designers

February 05, 2007

By Beth Braverman

Hollywood, Calif.—George Clooney and Julia Roberts were not the only losers at the 65th Golden Globe Awards. Also among the disappointed were fashion houses, makeup artists, hotels and—of course—jewelry designers.

The Globes appeared a lot less golden this year, as organizers did away with the red carpet and the traditional black-tie trappings. The annual ceremony, which kicks off Hollywood's awards season, has served in the past as a harbinger of jewelry and fashion trends for the Academy Awards and the rest of the year.

"The Golden Globes give such exposure to jewelry designers," says Helena Krodel, associate director of media for the Jewelry Information Center. "A good picture of a celebrity wearing a designer's jewelry will appear not only in coverage of the event but also throughout the year in trend reports and in dos and don'ts lists.

Without the Globes, jewelry companies are
placing product at smaller events. Sarah Michelle Gellar
wore 18-karat yellow gold rose-cut diamond earrings
and bangles by Amrapali of Jaipur to a movie premiere on Jan. 15.

"Savvy to this significance, Platinum Guild International (PGI) has, for the past five years, hosted a suite to outfit celebrities with millions of dollars in borrowed jewels for the bash.

In early January, PGI decided to cancel the suite because many actors had said they would not cross picket lines to attend the Golden Globes. A few days later, NBC and the Hollywood Foreign Press Association announced plans to downsize the Golden Globes from a three-hour, glitz-filled TV event that draws more than a thousand celebrities and media moguls to a Golden Globe Awards Winners Special hosted by Billy Bush and Nancy O'Dell.

In the absence of the red carpet, celebrity presenters, audience members and the actual handing out of awards, Bush and O'Dell were reduced to delivering the names of the winners as if they were a couple of news anchors. Normally fantastic fodder for the juggernaut of celebrity media, this year's event received little coverage.

"From the [perspective of the] jewelry industry, it is really a shame," says Michael O'Connor, PGI's senior vice president of marketing communication and public relations. "We had 42 designers [who would have shown in the suite] who literally had the red carpet pulled out from under them. They have lost the consumer brand awareness and celebrity placement that they normally get."

Besides garnering press play for stars and for platinum, the PGI awards suite provides stylists and their famous clients access to lesser-known jewelry designers.The writers' strike began on Nov. 5 when scribes walked off the job after failing to arrive at an agreement with studios regarding, among other things, their right to digital distribution profits.

"Even the big houses rely so heavily on public relations and the red carpet at these events," Krodel says. "This is one of the only chances for the really big pieces to get exposure.



These sapphire and diamond earrings
in platinum by Oscar Heyman
exemplify the type of blockbuster-level
jewelry Hollywood stars might have
worn on the red carpet at the Golden Globes.

"The People's Choice Awards, typically less important for jewelry designers, also cancelled its red carpet and traditional format when it aired on Jan. 16. The Screen Actors Guild Awards proceeded as planned on Jan. 27, thanks to its union ties and included a red carpet. But it was barely a blip on the ratings radar, with just 6.1 million viewers compared with the nearly 40 million who watched last year's Academy Awards.

At press time, writers had not yet announced whether or not they would picket the more influential Academy Awards, set for Feb. 24, which could lead to a similar scaling down of the ceremony.

"We are keeping our fingers crossed, because the Golden Globes are important, but the monster is the Oscars," says Chris Aire, a jewelry designer and red-carpet regular. "If the Oscars still happen, I think we'll be OK."

At press time, writers had agreed not to picket the Grammy Awards, scheduled for Feb. 10.However, Aire and other designers have also begun looking at other opportunities for product placement to make up for the lost Globes red carpet. Aire has jewelry appearing in three upcoming movies and plans to bulk up his advertising this year.


These rose-cut diamond earrings by
Amrapali of Jaipur would likely
have made the red carpet at the Globes.

Bochic, the New York-based designer-jewelry firm, saw its star soar last year after Angelina Jolie wore its vintage-style necklace and earrings to the Golden Globes, and that alone seems to have prevented a case of red-carpet withdrawal this year.

"Red-carpet events are a fixture right through the year in Hollywood, and because we have the Bochic collection in our public relations showroom year-round, we are known to celebrities and their stylists as a source for red-carpet jewelry," says Ginnina D'Orazio of D'Orazio and Associates, which handles publicity for Bochic as well as for other red-carpet brands such as Le Vian and Hellmuth. "In addition, we provide jewelry for many editorial shoots with celebrities throughout the year, so in many ways, it's simply business as usual."




Globe trends that struck out

If the Golden Globes had aired, you would have seen these trends, experts say:

Shorter earrings: Shoulder dusters get brushed aside this year for shorter drop earrings and larger cluster-style earrings that lie on the lobe.

Brooches: Pins have popped back into fashion's forefront, especially flower- and starburst-themed brooches.

Colors: Large, smooth gemstones—particularly in pink, blue and green hues—accent colorful gowns that stars are choosing lately. Cocktail rings remain a red-carpet favorite.

Yellow gold: While platinum remains a hands-down favorite at Hollywood's most dressed-up events, risk-taking, fashion-forward celebrities have made the move to rich, yellow gold designs.
Bold pendants: Shorter earrings put the emphasis on the neck, where big, vintage-feeling medallions look just right this season.


Editor's note: This story first appeared in the February 2008 issue of National Jeweler.

Saturday, January 19, 2008

INVESTOR INCREASES STAKE IN TIFFANY

January 18, 2008

New York—An activist investor is buying up shares of another long-standing, well-known U.S. retail jewelry chain.

Nelson Peltz, through his New York-based company Trian Fund Management GP, LLC, increased his stake in Tiffany and Co. to 7.9 percent, a filing with the U.S. Securities and Exchange Commission (SEC) shows.

The filing shows Peltz, through his Trian companies, now owns a total of 10.7 million shares of stock in the iconic jewelry company.Another activist investor, Richard Breeden, has also been buying stock in a jewelry store chain recently; he now owns an 18.1 percent share of the struggling Zale Corp.

In other Tiffany news on Friday, the company announced it is expanding its stock-repurchase program and authorized the repurchase of up to $500 million in common stock.

The increase enables Tiffany to repurchase up to $637 million of its common stock through Jan. 11, 2011.

The board's last increase took place in August 2006, when it authorized the repurchase of up to $813 million of stock through Dec. 31, 2009.

Tiffany has approximately 127 million shares outstanding.

Tiffany also announced the opening of two new stores in Japan: a 5,000-square-foot boutique in Tokyo, and a 1,700-square-foot one in Fukuoka.

With these openings, the New York-based luxury retail jeweler now operates 56 stores in Japan.

Friday, August 17, 2007

GLOBAL GOLD-JEWELRY DEMAND BREAKS RECORDS IN 2Q

August 16, 2007


London—Dollar demand for gold in the jewelry, retail investment and industrial sectors reached new financial heights in the second quarter of 2007, according to research by precious-metals consultancy firm GFMS Ltd. for the World Gold Council (WGC).

Reaching a record $14.5 billion, global gold-jewelry demand for the period was 37 percent higher compared with the second quarter of 2006, according to GFMS.

World Gold Council Chief Executive Officer James Burton said the WGC is pleased with the surge.

"A reduction in price volatility in 2007 has resulted in increased consumer confidence and, coupled with greater industry marketing activity, led to record levels of gold-jewelry purchases globally in dollar terms," Burton said in a statement.

India remains at the top of the global pack as the world's largest gold market and broke both jewelry and retail investment records. Burton said he is happy with India's results.

"The figures from India this quarter are particularly pleasing, and we will continue to encourage India's ongoing love affair with gold."

In total, India's demand for gold in the second quarter equaled half the global mine output for the period, GFMS finds. Other important areas with strong gold markets include Greater China, the Middle East and Turkey.

Monday, July 30, 2007

TOP FALL JEWELRY TRENDS REVEALED

July 30, 2007

New York—Bold cuffs, organic forms and personalized pieces are some of the hottest trends for fall jewelry, according to a Jewelry Information Center (JIC) seminar held at the JA New York Summer Show on Sunday.

Bracelets will remain the "it" fashion accessory for fall in cuff styles that feature freeform precious metal, nature themes, enamel detailing and bright faceted or cabochon gemstones. Bangles will also be on trend in hand-hammered high-karatage metals with rose-cut diamonds. Thin "personal" bracelets, created from cord, rubber, plastic or woven gold and colored fabric, are also expected to be popular, especially when paired with symbols of sentimentality.

Gem-laden cocktail rings will share the spotlight this season with wide bands highlighting intricate carving or hand-hammered metals. Stacking rings are also sure to be a hit.

Non-traditional hearts, lock and keys, crowns and other girlie motifs will emerge as top pendant trends, along with monograms, emblems, coins and crests.

Medallions will still be in vogue, typically in round shapes with double-sided designs. Carved or openwork designs make the style more affordable, and many will be hung low on rubber cord or string for a more organic feel.

Study: Time greatest luxury, jewelry not far behind

July 24, 2007

New York—Luxury consumers across the globe share many characteristics, including an emphasis on experiences over possessions, a new study finds.

In the online survey conducted by the Consumer Research Center of The Conference Board, jewelry represented an important status luxury, with 24 percent of consumers surveyed owning fine jewelry and watch collections.

Chinese luxury consumers ranked first in ownership of fine jewelry and watches.

Of those surveyed, 35 percent believe that time represents the most highly valued luxury, 25 percent chose life experiences and 18 percent chose having things in life that surround them with comfort, beauty and quality.Among those surveyed, 26 percent believe luxury is more about experiencing life and having a sense of happiness and satisfaction than about material things. A quarter of those surveyed feel luxury is about being comfortably well off and not having to worry about tomorrow.

The online survey polled 1,800 affluent consumers in the United States, China France, Germany, Italy, Japan and the United Kingdom. All respondents were over the age of 18 and in the top 25 percent income brackets.Survey sponsors included Conde Nast Publications, Gucci Group, Gibson USA, The Ritz Carlton and Tru Vue.

Thursday, July 5, 2007

Tiffany & Co. on Track for New Closing High

RTT News report:


Tiffany On Track For New Closing High [TIF] 7/5/2007 10:30:54 AM

Tiffany and Co. (TIF) is up $1.50 and rising, currently trading at $55.10. The sudden increase was accompanied by a spike in volume. This rise in price has the stock poised to break through resistance. Tiffany is on track for a new closing high.

Journey Diamond Jewelry from Two Blonds & Co.