Presentation on Jewelry Industry Submitted to : Ms. NEETU AHMED Submitted by: MEENA CHAUDHARY
Jewelry is a type of accessory It includes necklaces, rings, bracelets,
watches, and
earrings. Jewelry can be made from a variety of different materials including Silver, Gold, Metal, and Wood The name originates from the Latin word jocale meaning plaything Began with materials made from bone, teeth, and shell Considered a symbol of wealth and artistic display Can incorporate beads, stones, gems, and diamonds
Jewelry
The
retail jewelry industry is comprised of five main segments: Bridal jewelry (30%) Fashion jewelry (22%) Watches (18%) Precious stones (15%) Precious metals (15%)
Industry Overview
The retail jewelry No retailer claims
industry is highly fragmented. more than 6 percent market
share. There are nearly 50,000 stores engaged in jewelry retail. The industry employs approximately 200,000 individuals. Annual jewelry store sales run about $27 billion; wholesalers and manufacturers account for an additional $27 billion in sales. Wal-Mart is the largest retailer.
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Wal-Mart Zale Corporation Sterling Jewelers Sears, Roebuck and Company Finlay's Fine Jewelry J.C. Penney QVC Tiffany and Company Service Merchandise Kmart
Ten Largest Jewelry Retailers
The
consumers were to rank the luxury jewelry designers based on 4 criteria: (1) superior quality (2) uniqueness and exclusivity (3) social status and (4) excellent customer service.
Criteria
1. HARRY WINSTON 2. BUCCELLATI 3. VAN CLEEF and ARPELS 4. GRAFF 5. TIFFANY & CO 6. PIAGET 7. CARTIER 8. CHOPARD 9. BULGARI 10. MIKIMOTO
Most Prestigious Jewelry BRAND
India
is a leading player in the global gems and jewellery market The gems and jewellery industry occupies an important position in the Indian economy. The two major segments of the sector in India are gold jewellery and diamonds. The Indian gems and jewellery industry is competitive in the world market due to its low cost of production and the availability of skilled labor.
INDIAN JEWELLERY INDUSTRY
Indian retail jewelry overview
Organized players such as Tata with its Tanishq brand and Gitanjali a pioneer in the branded jewelry segment.
Leading Brands
Indian
jewellery industry is a highly regarded industry and earns huge profits through the jewellery exports all over the world. The Indian jewellery sector is largely unorganized at present. There are over 15000 players across the country in the gold processing industry, of which only about 80 players have a turnover of over US$ 4.15 million (Rs. 200 million). There are about 450,000 goldsmiths spread throughout the country.
INDIA SITUATION
In
the 1920s, Morris (M.B.) and William Zale had a vision: to provide customers with quality merchandise at the lowest possible price. first Zales Jewelers store opened in Wichita Falls, Texas, on March 29, 1924. Zale now operates over 2,200 retail stores throughout the United States, Canada, and Puerto Rico. Zale is a leading specialty retailer of fine jewelry
COMPANY PROFILE Zale Corporation
Brand names:
Zales Jewelers Zales Outlet Gordon's Jewelers Peoples Jewelers Mappins Jewelers Piercing Pagoda Plumb Gold Silver & Gold Connection Zale also operates online
www.zales.com and www.gordonsjewelers.com
Brands
Zale
with annual sales that topped $1.3 billion - up from $920 million and a 25 percent net earnings growth (excluding unusual items). posted a single-day sales record of $10 million
SALES
The
mission of Zale Corporation is to be the best fine jewelry retailer in North America. Our goal is to develop and market compelling jewelry assortments and to deliver a superior customer experience. The Company's strong financials, its focus on improving the core mall business, the streamlining of its organization, and its ability to identify growth opportunities positions Zale to meet its objective of enhancing shareholder value.
MISSION
The
world’s largest jewelry retailer Wal-Mart Stores was established in 1962 by Sam Walton. It was registered as a corporation on October 31, 1969. It became listed on New York Stock Exchange in 1972.
WAL-MART
In jewelry section, Wal-Mart Bracelets, Personalized jewelry, Earrings, Rings, Watches, Jewelry cases, Wedding pendants and Necklaces.
Stores provides
Products and services
Financials
Sales of Wal-Mart Stores amounted to around $378.80 billion and it earned profits worth nearly $12.73 billion. Value of assets held by Wal-Mart Stores was about $163.38 billion and its market value stood at around $198.60 billion. Wal-Mart Stores was conferred honor of "No. 1 Most Generous Company Overall" by Forbes magazine. It also received Evangeline Booth Award for excellence in corporate philanthropy. It also received “The Fisher House Patriot Award” and Boys & Girls Club Chairman’s Award.
Financials , Awards and recognition
Current financial crisis Wal-Mart
Stores have not been affected by ongoing global financial crisis. It is carrying on with its expansion activities in Mexico as well as other markets where United States co Target: By 2010 achieve 10% traceability of all diamonds, gold and silver in jewelry sold in Wal-Mart from mines, refineries and manufacturers meeting Wal-Mart’s sustainability standards and criteria companies do business.
TARGET
Wal-Mart Stores is regarded as biggest public corporation of world as per revenue. It has business operations in Mexico and Japan besides United States of America. Love, Earth ® Jewelry lovers can trace pieces from Wal-Mart’s new Love, Earth® line all the way back to the mines they came from simply by going online. Love, Earth is first completely traceable jewelry line.
operations
Reliance
Retail has marked it's presence into the branded jewellery market with their new venture titled "Reliance Jewel". Its first store in Bangalore, will offer gold, diamond, platinum and silver jewellery. Reliance has ambitious expansion plans of opening over 200 multi-storey stores across metros and mini-metros and will offer competitive pricing. By 2010, they plan to overtake Tata's Tanishq, the largest organised player in this market now.
Reliance Retail entered into branded jewellery marke
Jewelry
has become a vital element in everyone’s life. Men, women and even kids love to wear jewelry articles all the time. Wearing jewelry is the demand of modern fashion. A few years back jewelry was used only on special occasions like weddings, engagements and other formal parties and it was associated with the brides and married girls only. But nowadays it is worn casually as well as formally and everyone likes to wear beautiful and elegant jewelry items. Trendy and stylish jewelry is in fashion these days. The gems and jewelry industry has been growing rapidly and has become one of the most profitable industries of the world
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