Young professionals from different sectors of the jewellery industry discuss how the trade can engage the next generation and make sure its putting things in place to build a bright future.
Networking group for millennial trade professionals unveils expansion plans
A networking platform for millennials in the jewellery industry has unveiled details on upcoming events and expansion plans for the year. The ‘Group Engaging Millennials Socially’ (GEMS), which is backed by the National Association of Jewellers, was founded by diamond dealer Danielle Chib, who recognised the growth of millennials entering the industry and set out…
Millennial shoppers behind luxury spending boost in China
Millennials are the reason behind the increase in luxury spending in China, according to a report from Reuters. Brands like Gucci and Louis Vuitton have started to invest in the Chinese market recently, despite a slowing economy. Cash rich millennials are the reason for this, and their favour of smaller cities rather than expensive locations…
Editor’s View: Are jewellers underestimating the millennial consumer?
For the March issue of Professional Jeweller I sent our office assistant on a secret mission to visit jewellers and see how they react to questions on ethics and transparency. As part of that mission, Emma had to tell jewellers she was looking for a diamond necklace on a gold chain to mark a special…
TOP FIVE: Key trends every luxury business should know about
In Positive Luxury’s 2018 Predictions Report, the ethical trademark platform shares the key industry take-away’s from 2017, which will drive sales in today’s tough marketplace… Millennials are no longer a niche audience, they represent $2.5 trillion in spending power and will be the dominant force by 2020. Being a responsible citizen matters to today’s consumers.…
10 things the jewellery industry learned in 2017
As we pull the party poppers and jump into a new year, it’s time to reflect on the most important trends and stories of 2017 and think about how these will shape the next 12 months… 1. Retailers are returning to gold The branded boutique boom is fading, and now retailers are reflecting on which…
66% of millennials will pay more for products from companies with ethical values
More than half of millennial consumers are willing to pay extra for products from a company committed to making a positive social and environmental impact. In a world where environmental, social and cultural activists are the tastemakers of the day, a new system of purchasing decisions rules; where consumption is not just a vote in favour of the item, but…
FEATURE: What does luxury mean to millennial consumers?
There is a lot of data surrounding millennial consumers and how they are shopping so much differently to the generation before them. In some ways for Generation Y their expectations are a lot higher. Due to the power of social media and their favourite device – the mobile phone – millennial consumers are well-informed and…
CMJ hosts millennial networking reception
The Company of Master Jewellers is hosting a networking reception for its millennial members today (August 6). Anyone between 18-38 attending this weekend buying event are invited to an exclusive drinks reception in the Corona Bar at the Hilton Metropole Hotel, where the buying meeting is taking place. The Company of Master Jewellers is well…
What do industry millennials look for in a luxury in-store experience?
Millennials from the UK jewellery industry reveal what they look for in a luxury in-store shopping experience. While there’s a lot of data surround millennial consumers and how their purchasing habits, Professional Jeweller decided to collect exclusive insights from members of the jewellery industry within this age bracket. Focused on quality, value and the theatre of…
