The jewelry trade is set for a glittering future, with revenues expected to grow at a five to six-percent annual pace to reach EUR250 billion by 2020. While the global recession dampened consumer appetite for jewelry, it now appears to be hungrier than ever. The industry is fast-growing and dynamic, with significant developments and trends that jewelry players must be on the lookout for. To keep up with consumer demands, companies must be agile enough to keep pace with the latest trends and innovations.
The success of your virtual jewelry trade show depends on the number of people who attend. The more attendees you can get, the more likely you are to convert them into customers. Consider offering discount coupons or other sales incentives to encourage attendees to attend your show. If attendees feel rewarded for attending, you’ll have a higher conversion rate. But be sure to avoid selling jewelry at the show itself unless you have a reliable shipping service. Even if you’re selling only to buyers, consider shipping purchased jewelry to another location.
Another trend is attracting more jewelry trade show attendees. Consumer media are increasingly taking a prominent role in events like JCK. This trade show offers the opportunity for consumers to browse an array of fine jewelry and gems. Aside from high-end bridal and jewelry, it also offers international pavilions. The jewelry trade show’s wide appeal is evident in its inclusion of neighborhoods based on a consumer’s preferences and lifestyle. During registration, buyers answer questions about their preferences and are provided with a list of 10 vendors. The organizers also provide participants with $50 American Express gift cards for reporting on their experience.
Before you consider selling your jewelry, remember that there are many requirements for determining whether your jewelry qualifies for a trade-in. It is necessary to make sure that your jewelry is in pristine condition and has a higher market value than its original purchase price. Otherwise, it will be worthless to sell your jewelry and hope to get full value. A jewelry trade-in is a great way to turn unwanted pieces into a valuable commodity.
In addition to asking for feedback from friends and family, you should also show your finished pieces to others to see if they like them. If you have the opportunity, this can open many doors. After all, you don’t make money by making your own jewelry; you sell it! But how do you find buyers? With a little research and some luck, you can sell your creations and make a profit! The online marketplace is a great way to reach your goal!
The jewelry trade has many associations around the world. There are many regional groups under each of these associations, and they will provide valuable information and advice. However, the list below isn’t comprehensive. Most of these organizations have sub-associations and regional groups under them, and this list does not indicate endorsement by the GIA or other jewelry trade associations. You can also find information about the various associations by checking with the International Gem Society. The International Gem Society offers numerous resources on gemology and metalsmithing. It’s important to remember that these organizations and groups are for information purposes only, and they do not necessarily endorse any products or services offered by them.