Jewelry Business Research Articles

Safeguarding Systems and Processes to Minimize Employee Malpractices in the Jewellery Business Abstract

The study underscores the need for a balanced approach that integrates security technology with strong internal controls to ensure the long-term success of jewellery businesses.

Strategic Orientations, Access to Finance, and SMEs Performance in Thailand: Data Screening and Preliminary Analysis

This study aimed to conduct a data screening and preliminary analysis about the effect of strategic orientations towards SMEs performance and the moderating effect of access to finance in Thailand’s gem and jewelry industry. Samples of 310 were selected from the population of 1,601 SMEs operating in Thailand’s gem and jewelry business using a systematic sampling technique to collect the data. In addition, data diagnostics were performed to meet the preliminary assumptions for further multivariate analysis, particularly an advanced Partial Least Squares Structural Equation Modeling (PLS-SEM) analysis. Thus, the study carried out response rate, missing data analysis, non-response bias test, normality test, assessment of outliers, common method bias test, and multicollinearity test. Likewise, all the assessments were conducted through the IBM SPSS 20, G*Power 3.1, and SmartPLS 3.2.8 software. Conclusively, the data met the requirements for further multivariate analysis, but the normality test still needed to be met. Although, the normality assumption was not met, the non-normally distributed samples can be analyzed further since PLS-SEM works well with non-normal data distributions. This study contributes to the current literature as it will steer other researchers in conducting data screening and preliminary analysis.

Church Goldsmithing as a Phenomenon of Ukrainian Culture of the 17th – 18th Centuries

The activities of such Kyiv goldsmiths as Ivan Ravych, V. Moshchenko, Matvii Narunovych, Fedir Levytskyi is described in the article in the culturological aspect. The elements of Ukrainian culture, which can be observed on the jewelry of church use of the 17th – 18th centuries are distinguished in the course of the work. The authoress has defined the style in which Kyiv masters of the studied period have worked. It is worth noting that the investigation of the culturological phenomenon is not possible without the artistic aspect, since art is a part of culture, so a review of church jewelry also from an artistic point of view, however, with the selection of features of Ukrainian culture is used in the study. The vestments for the icon of the Dehtiarivska Mother of God, vestments of 1738, made by V. Moshchenko, chalice and trays for candlesticks by Matvii Narunovych are also considered in the study in detail. It is proposed to research carefully the work of Ivan Ravych, Matvii Narunovych and Fedir Levytskyi in the future. The most important features of Ukrainian culture of the 17th – 18th centuries, manifested in jewelry, are distinguished in the studies. The technical methods used by Ukrainian goldsmiths at that time are indicated. The purpose of the article consists not only in the description of Ukrainian culture in the light of precious church utensils, but also in the distinguishing its elements specifically on church jewelry in order to demonstrate that church goldsmithing is the Ukrainian cultural phenomenon. However, it is worth remembering that the topic needs further detailed research. Only a small part of the signs of Ukrainian culture is indicated in the work because of the lack of a full-fledged source base of the investigation. The authoress is leaving further disclosure of the topic to future scientists. The work will be useful for researchers, postgraduate students, as well as for those who are simply interested in the jewelry business of Ukraine. The information provided in the article can be used in future research on church jewelry and jewelry in general.

‘You are gold’: the role of workwear jewelry advertisements in ‘Disempowering’ urban working women in India

ABSTRACT From 2011 onward, jewelry advertisements in India have witnessed a surge in multimedia campaigns of branded work wear gold and diamond jewelry. These commercials target the urban Indian working woman with an affinity for fine, workwear jewelry marketed as versatile, cool and chic. This study takes up discourse analysis of 23 select commercials released on television channels and over the top (OTT) platforms between 2017 and 2022 to unravel the many contesting and contradictory displays of women’s apparently empowered personas. In doing so, it also seeks to unravel the rather complicated connections between the jewelry business and the gendered cultural habitus of working women in contemporary urban India. Most women depicted in the advertisements possess high economic and cultural capital and are seen as ‘doing urbanity’ in choosing workwear jewelry. Ironically though these possessors of refined habitus are perfectly adjusted in performing traditional gendered roles and relegating their own self-hoods, a much saleable business trope for advertisers. Such portrayals of urban Indian working women subtly and paradoxically dovetail in valorizing ideals of traditional femininity. This paper further argues that jewelry advertisements become sites where the projection of the ‘urban Indian working woman’ becomes a conduit for legitimizing a more mutated and reflexive patriarchy.

Diamond Price Forecasting: Unraveling the Influence of Features and Trends

Predicting diamond prices with accuracy is crucial for the jewelry business since it helps both sellers and buyers. A strong machine learning model that can forecast diamond prices with an impressive degree of accuracy is the goal of the Diamond Feature and Price Prediction. The study uses advanced regression techniques to model the complex relationship between several diamond qualities, such as carat weight, cut quality, color, and clarity, and their respective market values. The enormous dataset used in the study captures these attributes. A methodical approach is utilized to contrast different machine learning methods, including Ridge regression, Lasso regression, ElasticNet, and Linear regression. Preprocessing is applied to the dataset in order to handle missing values, normalize features, and efficiently encode categorical variables. The significance of each characteristic is determined by evaluating its importance. By producing the lowest prediction errors and the highest R-squared value, the gradient boosting technique outperforms other models, as demonstrated by experimental findings. This model is an example of how it can provide accurate diamond pricing predictions, which will help jewelers and customers make well-informed judgements. The results highlight the most important variables that affect diamond valuation and emphasize how important characteristics like carat weight and cut quality are in setting the final price. Keywords: Diamond prices, Machine learning, Regression techniques, Carat weight, Cut quality, Color, Clarity, Lasso Regression, Ridge Regression, ElasticNet, Linear regression, Preprocessing, Normalization, Categorical variables, R-squared value

Prospects for the development of the Russian jewelry industry under sanctions pressure.

Recently, the Russian jewelry market can be briefly characterized by such signs as turbulence, unpredictability, multidirectionality, and inconsistency of the processes taking place. However, at the same time, despite the difficulties caused by restrictions on foreign markets, it can be stated that right now a «window» of new opportunities in the domestic market is opening for the Russian jewelry business. The article discusses possible ways of adapting the business to the new operating conditions and analyzes the directions of development that can have an impact on all participants of the jewelry industry in the future.

Analysis of Jewelry Brand Marketing Management Strategies Based on Consumer Psychology

With the continuous improvement of China's economic level, non essential goods such as jewelry have entered households, and the output value of the jewelry industry has been increasing year by year. Jewelry consumption has played a crucial role in people's livelihood consumption. At the same time, under the conditions of economic globalization, brand marketing has always played an important role as an important medium for interaction and communication between enterprises and consumers. The development of technology has gradually diversified the forms of information dissemination, and corporate marketing methods are also catering to the changes in the Internet. With the development of the times and the popularization of e-commerce, consumers' psychology and behavior have undergone significant changes, which will directly affect the development of traditional jewelry business models. Consumer psychology plays a crucial role in the development of marketing activities, and it is necessary to fully consider the actual needs of the situation, conduct research on consumer psychology in different eras, populations, and geographical environments, provide corresponding information support for marketing activities, and ensure the effectiveness of marketing work. Based on this, this article analyzes the marketing management strategies of jewelry brands under the influence of consumer psychology.

Jewellery Business in India: Opportunities & Challenges

This text provides a comprehensive overview of the global gold market, with a particular focus on India and its bustling city of Mumbai. Gold, a precious metal, holds multifaceted significance worldwide, from jewelry to investments. The global gold reserves, distribution, and usage are analyzed, highlighting its dominance in the jewelry industry. India, known as the "Golden Bird," plays a pivotal role in the global consumption of gold, and its gem and jewelry industry is a significant contributor to the nation's economy. The text delves into India's consumption patterns, gem and jewelry exports, and the impact of government policies, including import tax fluctuations. Festivals like Diwali significantly influence gold demand. Mumbai, India's financial capital, stands out as a major consumer of gold, with the historic Zaveri Bazar being a hub for jewelry enthusiasts and artisans. The Gem & Jewellery Export Promotion Council (GJEPC) hosts the prestigious "India International Jewellery Show" in Mumbai, attracting international attention. Government initiatives, including hallmarking requirements and changes in GST rates, aim to regulate and standardize the gold jewelry industry. The text also discusses the establishment of a gem and jewelry park in Navi Mumbai, promising significant investments.

Tatar jewelry business of the Kazan province of the early XX century in the context of professional development

The article deals with the historical and cultural component of the Tatar jewelry business of the Kazan province at the beginning of the 20th century. The purpose of the article is to present a comprehensive historical and cultural analysis of the Tatar jewelry of this period: to create a general picture of the development of the jewelry craft, its interaction with professional cultural traditions, and consideration of the decorative and symbolic meaning of jewelry. To address the issues raised, a typology of jewelry typical of Tatar jewelers during the study period was carried out, technical and technological features were identified, decorative and technical solutions were described, and everyday and social aspects within the profession were highlighted.

Analysis of rings made of non-ferrous metals and metal ornaments of the village of Vezha

When studying jewelry craft, technological observations become a full-fledged source. In recent decades, work has intensified on the study of the chemical composition of jewelry made from non-ferrous metal alloys. The study of the jewelry series alone makes it possible to identify a possible connection between the technique of making rings and the composition of the alloy. In addition, we raise a question and try to answer on the basis of the materials available at the moment: could the village of Vezha have organized its own metallurgical or jewelry business for the manufacture of rings. The time of existence of the village of Vezhi – taking into account the materials of the last years of the study, it is unlikely earlier than the XII century to the XX century inclusive. The settlement was most likely founded by the Novgorod population in the Meryan lands as a result of the colonization policy of Novgorod the Great in the southern direction, and here, in the area of the confluence of the Kostroma River with the Volga River, it probably stops when faced with a similar process of development of Finno-Ugric territories by the population of Rostov-Suzdal lands. In the Golden Horde and post-Golden Horde times, migration movements related to the internal (rural) and ecclesiastical colonization of the region took place here; and the active involvement of the Kostya land in the political and economic life of the young Moscow state. The appearance and existence of jewelry found in the village, most likely, in one way or another, is connected with these processes.

The Case Analysis of LVMH Moët Hennessy Louis Vuitton

As the luxury goods industry secures a prominent position within the global market, the leading conglomerate LVMH Moët Hennessy Louis Vuitton (LVMH)’s pioneering ventures became a matter of communal concern. The following segments seek to provide operational insights into the management framework and strategic planning of LVMH. Based on three distinctive yet intercorrelated perspectives of analysis, the study unpacks the bullish potentials of LVMH, its sufficiency in risk control and profit generation, and the full-scale success of the conglomerate’s strategic planning of mergers and acquisitions. From the perspective of industry analysis, LVMH and other luxury companies focus on local growth and continue to launch new forms of products in line with the times, also maintaining rational and healthy competition is necessary when competing with different companies in the same industry. According to the Financial analysis, LVMH has a relatively low risk and has a good operation ability to generate a steady profit. Through the audacious pursuit of the M&A strategy in consolidating Bulgari in 2011 and Tiffany & Co. in 2021, it managed to triple the size of its Watches & Jewelry business group over the past decade, further boosting its profit margins through the conglomerate's efficacious post-acquisition brand management. The research is dedicated to the growing body of company-based research on luxury brand management, offering reference value for relative companies in the industry.

Factors Analysis That Shape Solid Gold Jewelry Purchase Decision In East Java

Since the COVID-19 pandemic, online sales have become a new habit for all businesses in Indonesia. One of the businesses that experience shifting in sales channels from offline to online is gold jewelry stores. For gold jewelry business players themselves, selling gold online is a new thing and requires uneasy adaptation. Not many studies that specifically discuss consumer behavior towards buying solid gold jewelry online have made researcher want to know what are the factors that shape purchasing decisions. The purpose of this study is to test and analyze whether product quality, design, uniqueness, price, brand, social responsibility, free shipping, coupons and discounts, consumer reviews, returns, quick and easy check out, express delivery, loyalty points, social media, eco-friendly products and interest-free installments shape the decision to buy solid gold jewelry online. The method used is quantitative with a descriptive approach. The data collection process was carried out with the help of a questionnaire and Confirmatory Factor Analysis (CFA) as a data analysis method. The results of this study shows that all variables are statistically significant in shaping the gold purchase decision model. The highest contributing factor is interest-free installments and the lowest contributing factor is design.

Getting a Feel of Instagram Reels: The Effects of Posting Format on Online Engagement

This study analyzed the effects of posting format on an Instagram post’s engagement. Posting formats, including pictures, videos, and Reels, are different ways of sharing content on Instagram. Prior research shows that short-form content has grown in recent years, spurring formats such as Instagram Reels. Nevertheless, a comparison of short-form content and traditional posting formats had not yet been observed. Quantitative data was collected through the content analysis method, which analyzed Instagram posts from small jewelry business accounts. Reels were found to receive the highest average engagement, allowing posts to gain more likes and comments than pictures and videos. However, limitations included the presence of outliers and the narrow scope of studied accounts. By utilizing these findings, struggling business accounts on Instagram may be able to increase the likes and comments of their posts more efficiently, ultimately increasing the chances of their success on the platform.

Digital marketing for ring craftsmen in Basen Village, Kotagede, Yogyakarta

One of the producers of handcrafted rings and jewelry is Mbasen, whose crafts are based on customer preferences. 9 workers can only produce 10–12 pairs of rings each day, which is still below the ideal manufacturing capacity. The marketing component has also not been utilized to its full potential. Community service projects are carried out to help the handmade ring jewelry business overcome the issues of low manufacturing capacity and ineffective marketing strategy. The approach used to provide the assistance is called community development, and it consists of four stages: socializing, training, technology deployment, and ongoing support. The technology that will be applied is information about Search Engine Optimization (SEO) which is used to expand the market through digital marketing and digital branding for website creation. To improve production capacity, the team additionally helped with the procurement of power inverters.

Scale-mediated marginalisation of Myanmar jewellers in China during the live-streaming trade era

ABSTRACT Since the late 1980s, generations of Myanmar jewellers have settled down in the Chinese border cities next to northern Myanmar. Currently, most of them are based in Dehong Prefecture, a border prefecture in southwestern China’s Yunnan Province. In the past few years, they have faced increasingly precarious economic and social conditions due to China’s anti-corruption campaign, the Belt and Road Initiative and the rise of live-streaming trade in the transnational jewellery business. Our study focuses on the Myanmar jewellers’ economic and social predicaments in the live-streaming era of the late 2010s. Applying the theory of urban scalar reconfiguration, this study argues that the economic and social marginalisation facing the Myanmar jewellers is produced by the prefecture’s urban scalar reconfiguration and the corresponding division of labour. It contends that the prefecture’s urban scalar reconfiguration redraws the boundary of inclusion and exclusion in the border urban space and reshapes the urban socioeconomic hierarchies in which the Myanmar immigrants are situated. The article provides an alternative approach to understanding the changes in transnational immigration in urban contexts. Ultimately, it presents an empirical case study of the much-neglected immigrant population in the China-Myanmar borderlands.

Titan Company Limited: growth strategy

Subject area Corporate Strategy; Strategy. Study level/applicability Post-graduate; Executive education; Under-graduate. Case overview The case is based on Titan Company Limited (Titan), one of India’s profitable diversified companies. Set in April 2020, the case presents the evolution of Titan’s growth strategy in the last three decades. The company had grown by continuously exploring adjacent categories in the personal lifestyle space. The case asks whether the strategy that has guided Titan for the past three decades would continue to provide growth. What changes, if any, should be made by C.K. Venkataraman—the new CEO who had taken charge a few months back in October 2019—and his team? The case describes Titan’s evolution from 1987 to 2020. ‘Winning times’, the first section of the case, describes Titan’s early choices in the watches business that helped the company achieve market dominance and its successive choices to expand the scope of watches businesses by entering new adjacencies. The section also details the evolution of Titan’s design, manufacturing, marketing and retailing capabilities in early years. ‘Looking for another gem’ describes Titan’s venture into the jewellery business – the failure of its early attempts to export and its pivot to domestic market and the successful turnaround of the business. ‘On the fast track to growth’ deals with Titan’s accessories business. The section ‘Eyeing new businesses’ describes Titan’s foray into prescription eyewear and precision engineering businesses and the company’s performance in these businesses. ‘A new identity’ details Titan’s adoption of a distinct corporate identity in 2013. ‘New businesses’ provides information on Titan’s recent foray into fragrances and sarees business. The case ends with the section ‘Years ahead’ which asks what changes, if any, should be made by the leadership team. Expected learning outcomes: Upon completion of the case study discussion, participants will be able to: understand the concept of the ‘core competence’ and the three tests of core competence; how core competencies evolve in an organization over time; diversification (growth) strategy based on core competencies and adjacencies; and key managerial choices and organizational processes required to ensure effectiveness of diversification strategy based on core competencies. Supplementary materials Teaching notes are available for educators only. Subject code CSS 11: Strategy.

Toxic and carcinogenic constituents of jewelry in the Indian retail market determined using x‐ray fluorescence

The elemental composition of about 60 items of precious and non‐precious jewelry in the Indian retail market has been explored through x‐ray fluorescence (XRF) measurements using silicon drift and high‐purity germanium detectors. The proportions of various elements have been established through the use of Gaussian fitting and background subtraction routines, along with corrections for photopeak detection efficiencies at different energies. Tabulated XRF yields were accounted for in the determination of proportions however matrix correction and absorption enhancement effects, if present, could not be included. The non‐destructive characterization and quantification allowed by x‐ray spectrometric methods indicate the presence of significant amounts of toxic bromine and antimony in fashion jewelry. A disturbing trend observed in many items of non‐precious, metal imitation jewelry is that carcinogenic cadmium is the predominant constituent (around 80% w/w) which poses a significant health hazard for a large section of the population. The proportion of cadmium is found to be far greater than the minor fractions reported earlier. It has been determined that cadmium continues to be added to precious jewelry, albeit in smaller amounts, though its use is restricted by existing regulations. This pan‐Indian study underscores the urgent necessity to inspect and regulate, particularly the metal imitation and fashion jewelry business, in order to mitigate the harmful effects of some of the constituent elements on human health and the environment.

Understanding informal jewellery apprenticeship in Ghana: Nature, processes and challanges

Context: The processes of acquiring education in jewellery in Ghana has been dominated by the informal apprenticeship system and it forms the backbone of the workforce of the jewellery industry in Ghana. However, the patronage of informal jewellery apprenticeship in Ghana in recent times has been on decline even though it has the potential of training human resources to transform Ghana’s precious mineral resources sector.This is based on the belief that jewellery trade and its training are shrouded in secrecy, in other words, the jewellery trade is considered to be a sacred profession where information on its operating systems are not allowed to be shared easily. It is believed to be associated with cult and magic, hence the reluctant to admit people who are from outside the family of particular jewellery enterprise. This study is sought to bring to fore the understanding nature, processes and challenges of the informal jewellery apprenticeship in Ghana. Approach: The study adopted the descriptive and phenomenology research designs (qualitative research methods). Jewellers who own a jewellery business and who are training other people through apprenticeships as well as people who are trained are observed and interviewed. A sample size was selected through purposive and convenience sampling techniques from four jewellery enterprises in Accra, Ghana. A thematic analysis plan was adopted to generate fndings of the study. Findings: The results show that for a person to train as a jeweller, s/he has to enrol by going through induction, futhremore fees (money and perishable items) are to be paid. The training content is driven by orders received by the master jeweller, thereby making it unstructured and lacking criteria for assessing the performance and progress of apprentice jewellers. Teaching and learning methods are usually on-the-job training that rely on demonstrations and observation.Conclusion: Informal jewellery apprenticeship in Ghana uses a fexible, cost-efective approach for transferring jewellery making skills from masters to apprentice jewellers, and it has substantial potential for improving skills training in the country. Sometimes the reluctant of some jeweller to train others is to keep the trade to family members only.

Understanding informal jewellery apprenticeship in Ghana: Nature, processes and challanges

Context: The processes of acquiring education in jewellery in Ghana has been dominated by the informal apprenticeship system and it forms the backbone of the workforce of the jewellery industry in Ghana. However, the patronage of informal jewellery apprenticeship in Ghana in recent times has been on decline even though it has the potential of training human resources to transform Ghana’s precious mineral resources sector.This is based on the belief that jewellery trade and its training are shrouded in secrecy, in other words, the jewellery trade is considered to be a sacred profession where information on its operating systems are not allowed to be shared easily. It is believed to be associated with cult and magic, hence the reluctant to admit people who are from outside the family of particular jewellery enterprise. This study is sought to bring to fore the understanding nature, processes and challenges of the informal jewellery apprenticeship in Ghana. Approach: The study adopted the descriptive and phenomenology research designs (qualitative research methods). Jewellers who own a jewellery business and who are training other people through apprenticeships as well as people who are trained are observed and interviewed. A sample size was selected through purposive and convenience sampling techniques from four jewellery enterprises in Accra, Ghana. A thematic analysis plan was adopted to generate fndings of the study. Findings: The results show that for a person to train as a jeweller, s/he has to enrol by going through induction, futhremore fees (money and perishable items) are to be paid. The training content is driven by orders received by the master jeweller, thereby making it unstructured and lacking criteria for assessing the performance and progress of apprentice jewellers. Teaching and learning methods are usually on-the-job training that rely on demonstrations and observation.Conclusion: Informal jewellery apprenticeship in Ghana uses a fexible, cost-efective approach for transferring jewellery making skills from masters to apprentice jewellers, and it has substantial potential for improving skills training in the country. Sometimes the reluctant of some jeweller to train others is to keep the trade to family members only.

Money laundering in the jewellery business

PurposeThis paper aims to illustrate how white-collar criminals launder money in the jewellery business.Design/methodology/approachSemi-structured interviews were conducted with 50 white-collar criminals and 50 compliance and prevention experts in Austria, Germany, Liechtenstein and Switzerland. Following the qualitative content analysis of their responses, a quantitative survey of 200 compliance officers was then conducted in the same geographical area. These two methods reveal the concrete techniques used by money launderers and the compliance industry’s (lack of) awareness.FindingsThe jewellery business is susceptible to laundering money. It facilitates both the placement and layering of incriminated assets.Research limitations/implicationsAs the findings of the qualitative study are based on semi-standardised interviews, they are limited to the 100 interviewees’ perspectives.Practical implicationsThe identification of concrete methods of money laundering provides valuable insight into criminal activity for compliance officers, law enforcement agencies and legislators. A more profound understanding of the methods used by criminals should foster more effective crime prevention.Originality/valueWhile prior literature predominantly focusses on the organisations and mechanisms aimed at fighting money laundering, this paper considers how criminals avoid detection by exploring both prevention experts’ and criminals’ perspectives.