Kuwayama Corporation (Tokyo, Japan), the top leading jewellery manufacturer in Japan had its debut at the Indian International Jewellery Show (IIJS) 2011.
At the IIJS 2011, Kuwayama unveiled its original collection for platinum jewellery chains, which features unparalleled smoothness and brilliance realized by its expertized production of platinum jewellery.
Kuwayama concluded an agreement with Inter Gold Gems Pvt. Ltd., a group company of the most renowned diamond and jewellery companies Rosy Blue,India. Inter Gold as an exclusive distributor in India for Kuwayama, will promote and spread its platinum chains through its distribution network across India.
Mr. Takahiro Kuwayama, President and CEO, Kuwayama Corporation states: “We have had a good relationship with people in India through diamond businesses, and it has been our dream to adorn people in India with our jewellery. Now, we are pleased to announce a partnership with Inter Gold to start a business in India. In the first stage, we will focus on the platinum jewellery with which we have long years of business experiences in the worldwide market and distinctive techniques in production. We hope people in India keep Kuwayama in their mind in association with high quality platinum jewellery. ”
IDMA president says tenders are real threat
to future diamond supply
MotiGanz, president of the International Diamond Manufacturers Association, published an article last month warning that by selling their production through tenders, the large diamond producers are upending the sustainability of the diamond industry at large.
In the article, which appeared last month in HaYahalom, the Israel diamond industry magazine that is published by the Israel Diamond Institute, the IDMA president did not mince his words. "There are so many tenders that the trend is threatening to interfere with our lives. And if the rough producers don't wake up in time, it won't be a mere interference, but a blow to our very existence, capabilities and survival," Ganz wrote.
Ganz emphasized he is not against tenders per se. "When the large rough producers add a tender here and there, as a window to the market, to sell especially large goods or for other special reasons, everyone can continue to breathe normally. But when the tender becomes a method in its own right, when it becomes the central marketing channel, increasingly pushing regular supply to the margins, it's time to put a foot on the brakes - and the sooner the better," he noted.
Tenders, Ganz argued, make sense in a world where tenders are one of many
instruments of supply, but not when all or most supply is based on tenders. "It's true that we have seen manufacturers collapse after losing their sight, but on the flipside, we haven't yet seen any manufacturer open a factory on the strength of its participation in tenders - for if you don't win tomorrow's tender, what will you do? Who will pay the workers' wages? Who will pay the taxes, electricity, water and all the other bills?" he asked.
"Manufacturers that engage in occasional diamond processing might be able to survive in a world where there are only tenders, and even then with difficulty, first because they have no choice but to pass their gain on to plant owners, and second because those who manufacture in large quantity can dominate the tenders and push prices to a level that mediumsized manufacturers can't reach. But these are only part of a long list of shortcomings."
"When we examine these aspects of tenders, we realize that they weaken each and every link along the diamond value chain. The most prominent victims are manufacturers and retailers. However, there is also another victim - the rough producer, so dazed by the hefty profits that it doesn't notice the danger lurking around the corner," Ganz warned.
The GIA (Gemological Institute of America) Jewelry Career Fair and Open House will be held at the Institute’s Carlsbad world headquarters on Oct. 21. The gem and jewelry industry’s eminent recruiting event will include panel discussions, career coaching, on-site recruiting, classroom workshops and exhibits.
The opening panel session, “Job Success in Today’s Market,” will feature leading industry executives who will offer advice on how to create a successful career path. The panelists include: Matthew A. Runci, president and CEO, Jewelers of America; Cathryn Ramirez, group director, Tiffany & Co.; Au-Co Mai, president and CEO, Emitations. com; Richard Drucker, president, Gemworld International; and Sara Beth Brown, recent GIA graduate and sales associate, Breitling Boutique.
Donna Baker, GIA president and CEO, will moderate. “Offering this forum for industry leaders to share their insights, knowledge and resources with those looking to enter the gem and jewelry industry or enhance themselves professionally, is extremely important to GIA,” said Kathryn Kimmel, vice president, chief marketing officer and co-founder of GIA Career Fair. “We have a lot of success stories that began with Career Fair and we’re looking forward to getting some new ones started.”
The Leading Japanese Jewellery Manufacturer
Kuwayama Launches Platinum Jewellery in India
Save the Date: GIA Carlsbad Jewelry Career Fair is Oct. 21
Opening panelists announced; recruiter registration open