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It’s Showtime in Vegas!!!
JCK Las Vegas Show
By: Diamond World News Service
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Jun 15 2013 11:23AM
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Reference: 7898  

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The Las Vegas show week has shown some smiles on the industry while the responses were very mixed, as the week started with JCK luxury followed by couture show and then the mega JCK Las Vegas show started from 31st May and took place at the Mandalay Bay Resort & Casino. A special report by Diamond World.

The reputed JCK Las Vegas show started from 31st May at the Mandalay Bay Resort & Casino is indeed a glitzy event. The 2013 show consisted of over 2,500 manufacturers and designers representing 32 countries, including 300 new exhibitors, and covered every corner of the jewellery industry, from the most sought after brands to fashion and up-and-coming talent.

JCK Las Vegas is known to be one of the largest and the most important jewellery show held in the entire region of Las Vegas. This show is said to bring together the leading brands that lead in designing and manufacturing jewellery, which are exported in all over the world. The exhibitors tend to showcase new and attractive designs, which draw the attention of the global attendees coming in this show. This show has built a bridge between the exhibitors and visitors and the jewellery companies of United States of America and also of other foreign countries that will get to create a strong foot in the global market.

JCK Las Vegas featured the most exhibitors of any jewellery week show spread over a broad range of categories from bridal and emerging artisan-quality designers to high-end fine jewellery and luxury timepieces. Loose stones, materials, packaging supplies, and merchandising displays were also available. With such breadth of product presented, the show was able to provide one-stop shopping for vendors and retailers alike. The show was divided into specific sections, making the expansive offerings easy to find and shop.

The first day of show being a Friday had a very good traffic in loose diamonds pavilion, as due to shabhat buyers knew they wouldn’t find many exhibitors on Saturday. The jewellery exhibitors also had a decent response. The prices of gemstones were very strong; on the other hand the dealers at AGTA said it's moving very slow for them. In diamonds 10-carat up had good enquires. Indian pavilion hada good location with increase number of participants but traffic was pretty slow there as very specific buyers moved to the pavilion. The exhibitors catered to more of silver and Victorian jewellery.

The couture show at Wynn hotel had a very good bunch of exhibitors and brands like Miki Motto, Damiani, Gemfields and many more. The show attracted good quality buyers, which were specifically looking for designer jewellery.

The crackling energy present on the 22nd annual JCK Show carried over prompting retailers and vendors alike to comment on the show’s feel-good vibes.

“The retailers we’ve met with are really excited to buy and are in a great mood,” said ViridianaAparicio, sales associate for Van Nuys, Calif.–based Vanna K, which counted oversized turquoise cocktail rings and halo engagement rings among its best sellers on day one.

Simon Rosenzweig,Niru group,said, “The show is better than expected.There is a good demand for pkgoods,there is a big demand in white I clean goods, prices are high and we got 10 pct. More for selection, on pk goods they are asking for better quality. Cushion-cuts are slow, oval and pear shapes impossible to find, princess 1 ct plus SI1 or SI2 is very strong.”

“It was noted that the Indian market wasmore biased towards show speculation whereas China was moderate. Other markets had very specific buyers.U.S. looked strongand the economic recovery have seem to gain pace. Every major exhibitor and buyer was present at the show this year and they seemed positive.The Bridal season is at a steady pace,” he added. Talking about Europe, he pined, “Europe is still too down and the shift from Antwerp to Dubai is continued. Dubai will revive soon and become an important segment of our business.”

Simon further shared, “Overall USA has improved and continues to be improved. Mom and pop stores were very unstable. Online market is optimistic and is on a scout for more ventures to support their business. In America especially, I haven't seen young blood participating in this business which probably is not a good sign.”

KalpeshSanghvi, Sanghvi exports, said “We see U.S.springing back in business after so many years. The lower quality stones are in demand here. Gold jewelleryalso seems to be the favour, which is a different than the past where silver was more in demand. U.S. Economy is looking better therefore the sale of upscale and fashion pieces are being lapped up. Chain stores and mom and pop both are doing well. India and China are also upcoming markets but people would want to focus more in the U.S.as it has the largest share and it will have a good movement.”

Itay Levy of Moshe Levy quote, “The show is fine though it could have been better. We had good demand for princess and experienced good movement in rounds. America is picking up well and future looks promising.”

Severine Ferrari of Engagement 101 commented, “I was very impressed with the bridal designs; there was a lot of variety and alternatives; from modern designs to vintage. I saw a lot of colour innovation, specifically with metals: two-tone metals and seamlessly fused metals together were a highlight. I also noticed that designers seem to really be paying attention to the consumer and delivering on requests for unique, different, and custom creations.” Fetanat, CEO of GemFind (an online collection of diamond wholesalers), said a jeweller’s website should be more than just a digital business card; rather, it should be an interactive destination where customers can get educated, browse for product, and buy into your store’s credibility enough to visit it in person. “Consumers are more technology savvy than they were 10 to 15 years ago and you’re losing market share to your competitors who are online,” added Fetanat. “If you’re investing your money in the Yellow Pages, stop—no one is looking at them.” The business was about relationships with customers, not just with the jewellery. Buyers seemed contended and found something great to buy from the whole show.

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