As consumer preferences evolve, jewellery designs also need to keep pace with changing tastes. Some pieces do not resonate with buyers any more. Retailers have to take that into account and come up with strategies to deal with consumer fatigue.
Neerav Challa, Head of Merchandising and Supply Chain Management at PMJ Gems and Jewels, Hyderabad, notes that customers have shifted away from excessive designs in recent years. “They don’t want excess metal or any other raw material. The buyers are moving toward what’s light and affordable. People are not going for big diamonds now. They are fine with minus 2 size diamonds too. Customers today are looking for value for money over bulk,” he says.
“Different is in” has become the new mantra for many products these days, but this is not true of jewellery. Snehal Choksey from Shobha Shringar Jewellers, Mumbai, says his customers are sticking to classic designs. “Customers are not looking for something very abstract or couture. These pieces are good to see, but no one wants to buy these products. Customers want to stay with the classics and go with the basics,” he says.
Adds Akshay Verma of Verma Jewellers, Solan, “These days, customers seek simplicity. They want elegant pieces that have the right mix of elements. Customers are looking for designs that can be used repeatedly, with some variations.”
So, are customers looking for just plain gold pieces? Sunita Agarwal from Kamna Jewellers, Bulandshahr, says, “They don’t want yellow gold jewellery which is commonly seen. The urban consumer has an eye out for more fashionable and smart pieces that offer a mix of precious gems, diamonds, and colours of gold.” Agarwal emphasises the importance of offering unique and fashionable pieces that are not commonly available elsewhere.
This story is from the February - March 2023 edition of Indian Jeweller.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the February - March 2023 edition of Indian Jeweller.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
LEGENDARY PHILANTHROPIST SULTAN SINGH BACKLIWAL PASSES AWAY
Late Sultan Singh Backliwal was a revered figure, renowned scholar, businessman and philanthropist -- the extent of his benevolence continues to inspire many
BRETT LEE INAUGURATES MALABAR GOLD & DIAMONDS SHOWROOM IN SYDNEY
Malabar Gold & Diamonds, ranked as the sixth largest jewellery retailer globally, has opened its latest showroom in Sydney, Australia - with this, the company has marked a presence in 13 countries.
PLATINUM EVARA EMBRACES THE SPIRIT OF THE WOMEN'S PREMIER LEAGUE
The rise of women’s cricket in our country has been nothing short of inspirational and it offers the perfect platform for Platinum Evara, platinum jewellery aimed at the young woman segment.
GARGI BY PNGS EXPANDS ITS REACH WITH SECOND FRANCHISE OUTLET IN NASHIK
Gargi by P N Gadgil & Sons (PNGS), the prominent publicly listed fashion jewellery brand, has launched its second franchise outlet in Nashik.
KISNA DIAMOND AND GOLD JEWELLERY UNVEILS EXCLUSIVE SHOWROOM IN AGARTALA
KISNA Diamond and Gold Jewellery, a leading name in the exquisite jewellery industry, celebrated the grand opening of its first-ever exclusive franchise showroom in Agartala, Tripura recently.
KHIMJI JEWELLERS UNVEILS NEW WEDDING CAMPAIGN "NO COMPROMISE!"
Khimji Jewellers, Odisha’s favourite jewellery brand renowned for its rich legacy of 88 years in crafting exquisite jewellery, has announced the launch of its latest bridal jewellery campaign, “No Compromise!”
GOLD REFINING PRESENTS SIGNIFICANT OPPORTUNITY IN INDIA: IFSCA CHAIRMAN
K Rajaraman, Chairperson of the International Financial Services Centres Authority (IFSCA), has advocated for the establishment of gold refining facilities within India, citing its significant position as a major global purchaser of the precious metal.
UNION BUDGET 2024: GEM AND JEWELLERY INDUSTRY CONCERNS NOT ADDRESSED
In her final outing before the polls, Finance Minister Nirmala Sitharaman presented a budget which held no major surprises.
BROADLY SPEAKING WHY I KEEP LAB-GROWN DIAMONDS AS A SEPARATE CATEGORY IN MY STORE
Lab-grown diamonds, a much sought-after product in the US, are increasingly finding greater acceptance in India as well. Retailers are benefitting from stocking both natural and grown-diamond jewellery, as it enables them to cater to different categories of customers under one roof, and address ethical concerns, finds out Suneeta Kaul in a conversation with AVR Siddhanth of AVR Swarna Mahal
SENCO GOLD & DIAMONDS CRAFTS IMPACTFUL CAMPAIGNS
Senco Gold & Diamond skillfully crafts impactful campaigns that touch the hearts of customers living in different regions of the country, finds out Priyanka Talreja Garegrat in a conversation with Joita Sen, the Design Head of the company