FINDING FUTURE GROWTH IN FINE JEWELLERY – ASIA IN FOCUS by Yanqin Zheng https://padlet.com/zyq31288/xrh7kzxtjo0s Martin, Yanqin en-us 2018-09-21 09:11:38 UTC 2026-01-21 02:40:26 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Clouds.png Asia continues to drive demand in fine jewellery zyq31288 https://padlet.com/zyq31288/xrh7kzxtjo0s/wish/284277708 Demand for jewellery continues to be largely attributed to fine jewellery, which accounted for 87% of total jewellery sales in 2016.]]> 2018-09-21 09:29:17 UTC https://padlet.com/zyq31288/xrh7kzxtjo0s/wish/284277708 Jewellery growth remains resilient in tough times zyq31288 https://padlet.com/zyq31288/xrh7kzxtjo0s/wish/284474418 Jewellery is the most significant contributor to global sales of personal accessories, largely driven by retail sales of fine jewellery.]]> 2018-09-21 17:01:57 UTC https://padlet.com/zyq31288/xrh7kzxtjo0s/wish/284474418 Asia’s fine jewellery growth rates zyq31288 https://padlet.com/zyq31288/xrh7kzxtjo0s/wish/284476765
  • Key fine jewellery markets, like India and China, continued to enjoy strong growth in 2016.
  • Emerging countries in Southeast Asia have strong potential for growth over the forecast period.
  • Indonesia is expected to see the fastest growth rate in Asia Pacific at 8%.
    • ]]>     2018-09-21 17:06:41 UTC https://padlet.com/zyq31288/xrh7kzxtjo0s/wish/284476765     Indonesia zyq31288 https://padlet.com/zyq31288/xrh7kzxtjo0s/wish/284483934
  • Indonesia as a key area of growth in Southeast Asia. (with the fourth largest population in the world and the largest economy in Southeast Asia)
  • Indonesia’s middle income households to drive fine jewellery sales.

    • ]]>     2018-09-21 17:21:37 UTC https://padlet.com/zyq31288/xrh7kzxtjo0s/wish/284483934     Vietnam: a relatively untapped market zyq31288 https://padlet.com/zyq31288/xrh7kzxtjo0s/wish/284486836 Middle income: Within Asia Pacific, Vietnam is expected to see the highest growth in the number of middle income households between 2015 and 2030 which indicates strong potential in the market for the consumption of discretionary items like luxury goods and fine jewellery.]]> 2018-09-21 17:27:18 UTC https://padlet.com/zyq31288/xrh7kzxtjo0s/wish/284486836 Singapore: Southeast Asia’s most developed country zyq31288 https://padlet.com/zyq31288/xrh7kzxtjo0s/wish/284489498
  • 6% growth: spending on Watches and Jewellery
  • US$27,187: Disposable Income per Capita (2016)
  • Gateway to Southeast Asia: with many international luxury brands present in the market.
    • ]]>     2018-09-21 17:32:38 UTC https://padlet.com/zyq31288/xrh7kzxtjo0s/wish/284489498     Millennials: A key target audience zyq31288 https://padlet.com/zyq31288/xrh7kzxtjo0s/wish/284492081 Millennials make up a key part of the working population of today, and offer strong potential, as their rise in purchasing power reflects their ability to purchase discretionary items, such as luxury goods and fine jewellery.]]> 2018-09-21 17:37:57 UTC https://padlet.com/zyq31288/xrh7kzxtjo0s/wish/284492081 Product development is key in targeting millennials zyq31288 https://padlet.com/zyq31288/xrh7kzxtjo0s/wish/284493475
  • Smart Jewellery: allows users to stay connected, receive updates of incoming messages and to keep track of their daily activities.
  • Material Innovation: Millennials are typically experimental and hence they would not be afraid to try a piece of jewellery made of a new alloy or metal, rather than jewellery made of traditional precious metals like gold and sterling silver.
  • Contemporary Designs: The rise in demand for gold jewellery in contemporary designs is driven by societal changes and cultural activities.
    • ]]>     2018-09-21 17:40:58 UTC https://padlet.com/zyq31288/xrh7kzxtjo0s/wish/284493475     Evolution of retailing zyq31288 https://padlet.com/zyq31288/xrh7kzxtjo0s/wish/284498061
  • Bricks-and-Mortar: traditional store
  • Multi-Channel Retailing
  • Omni-channel retailing, where the various retailing platforms work together to create an effective ecosystem in order to enhance the customer experience
    • ]]>     2018-09-21 17:49:55 UTC https://padlet.com/zyq31288/xrh7kzxtjo0s/wish/284498061     Importance of online channels to consumers zyq31288 https://padlet.com/zyq31288/xrh7kzxtjo0s/wish/284500662
  • Research: Consumers are using online channels as a means for research to gain information about products such as the materials used, and to gain inspiration, such as how other consumers are using the product.
  • Selection: Consumers are using social media platforms to read other users’ feedback and reviews, which is an important step before they make their product selection.
  • Purchase: online channels are a route to purchase itself
    • ]]>     2018-09-21 17:55:15 UTC https://padlet.com/zyq31288/xrh7kzxtjo0s/wish/284500662     zyq31288 https://padlet.com/zyq31288/xrh7kzxtjo0s/wish/284511499 2018-09-21 18:15:25 UTC https://padlet.com/zyq31288/xrh7kzxtjo0s/wish/284511499 zyq31288 https://padlet.com/zyq31288/xrh7kzxtjo0s/wish/284511898 2018-09-21 18:16:17 UTC https://padlet.com/zyq31288/xrh7kzxtjo0s/wish/284511898 zyq31288 https://padlet.com/zyq31288/xrh7kzxtjo0s/wish/284512540 2018-09-21 18:17:43 UTC https://padlet.com/zyq31288/xrh7kzxtjo0s/wish/284512540 zyq31288 https://padlet.com/zyq31288/xrh7kzxtjo0s/wish/284513982 2018-09-21 18:20:47 UTC https://padlet.com/zyq31288/xrh7kzxtjo0s/wish/284513982 zyq31288 https://padlet.com/zyq31288/xrh7kzxtjo0s/wish/284634411 2018-09-22 13:54:55 UTC https://padlet.com/zyq31288/xrh7kzxtjo0s/wish/284634411