The Art of Jewellery_June Edition 2020

PROFILE EXHIBITION BHuPOistVTi1en0RoheRs1shleGs1KAH9OArIhesatasNdnuoFdeIfeS6JIl|ewEjwuLaRnle’elEs2l0e2r0y KNOW YOUR ORGANISER Shruti Keshri aaCdhdinvvtaeenrrPtatnodoyrariiaall GLAMBOX 101 JewelExpoDirector - Sales Director - Business GLAMBOX Promotions GLAMBOX Hitesh Khandelwal Shruti Keshri Chintan Pandya A A SBGuLsAinMeynBIsesenOanrHXdstereeaixadppr'eesnrieeFunrcirewsiintththo2eve4gre1mh4oanud rs jewellery industry, having worked in livDGeveLireAenMcoetstfsoaBxrel&Oex-shXpeSpexairrbhleoiiesbfientitsciiseooioninnsn.apAlrwswisniotth,hcmiao1te5esddyieae,arvsenueGPDGrLioerAemimpMcsarotlo&oeBtDirsfoOeJ-neXassBiwnsgiudoesilAnilnteauerlasdyasilseiSsnnodcpcueisaaEttrnecygdeatwgh.eritomhuegtnhhte areas such as diamond grading, sales, with the gem and jewellery industry exhibitions & events for over 10 A JewelExApo Offer Solid 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cross-border trade in jewellery for Introduced Fashion Shows at UBM eBay India.Was also responsible for India through Style Statement in acquiring new jewellery brands for 2013. eBay India and international poOrtarlgs.anised by Technology Partner Organised by Technology Partner GlamBox Xperience and Xpositions SB 55 - 2nd Floor, HighStreet Mall, Kapurbawdi Junction,Thane (West) 400607, Maharashtra ' 022 49768383 / 8177844667 | www.glamboxindia.com GlamBowxwXwp.ejeriwenecleexapndo.Xinpositions SB 55 - 2nd Floor, HighStreet Mall, Kapurbawdi Junction,Thane (West) 400607, Maharashtra ' 022 49768383 / 8177844667 | www.glamboxindia.com

102 diamondtalk Special The Art of Jewellery REPORT Vol 19 Issue 6 | june 2020 DIAMOND INSIGHT FLASH REPORT#1 JUNE 10 · 2020 De Beers Group is working actively in the face of the COVID-19 pandemic to understand the consumer perspective and monitor how this evolves as we pass through the stages of the crisis. To augment our existing research program, we are conducting additional consumer, retailer and supply chain touch-bases to understand the pain points and the opportunities for partners large and small across the pipeline. In March 2020, we launched a weekly quantitative survey to collect data on the attitudes, behaviors and expec- tations of consumers in the US. Once a month we also conduct a deep dive into diamond-specific attitudes. Data included in this report has been collected over the last nine weeks, with the latest survey completed on May 25. Top trends we have identified thus far include: FEWER, BETTER THINGS Despite decreased optimism for the overall financial future of the country, Americans’ optimism regarding their physical health, particularly for the next 3–6 months, is at the highest it has been Their Financial S4it5u%ation in the past nine wAeemks. ericans’ Outlook on Two-thirds of consumers polled indicate their personal finances have not been affected. Likely to buy “fewer, better things” Americans’ Outlook on Their Financial SituationSignificantly, people surveyed said that the%yweixtpheacnt tOopbtiumyisfeticwOeruittleomoks,Over the Next… 3bMuyo.nt4hs5% said they are more Next 6 Months Americans’ Outlook on Their Life Overallblikuet liynvtoesbt umyofreewinert,hboesetteirtetmhisntghse.yNdexot Next 12 Months Next 3 Years % with an Optimistic Outlook Over the Next… 75% of consumers ONepxttim36i9Ms%6mo4n%%trheswthi6teh8i%6r0a%fninaOnNpce65ti8xia9%tm%l6sisMittuiocant6tOhi9os%6u2n%tl-o%okv6i6eO19%w%vNeoerfxt5th102e76022M%%NAomenxtehtrs…ica657n8%s% over Next 3 Year7s5% are optimistic about their financial 65% 1605%weeks 65% situation in the next 61% 59% 3 years, the highest 56% it’s been since the 51% Next 352M% onths 49% Next 6 Month5s3% 50% Next 5102% Months 50N%ext 3 Years survey launched: 47% 47% 47% 44% 4679%% 6482%% 68% 4669%% 69% 72% 4617%% 4645%% 75% 64% 60% 39% 43% 43% 65% 65% 58% 59% 61% 5726%% 7439%% 59% 62% 61% 62% 76% 50%75% 56% 79% 68% 75% 78% 79% 47% 73% 5714%% 4672%% 47% 7553%% 47% 68% 6484%% 50% 5462%% 70% 50% 50% 70% Wave 3 69% 70% 72% 58% Wave 2 Wave 1 44% 3596%% 46% 43%60% 62% 41% 44%59% 60% 48% 63% 43% Wave 10 48% Wave 4 42% 53% 50% 54% Wave 5 Wave476% Wave 7 Wave 846% Wave499% Base (Total): Wave 1 - 10, n=500 per wave Wave 1 Wave 2 Wave 3 Wave 4 Wave 5 Wave 6 Wave 7 Wave 8 Wave 9 Wave 10 CONNECTION Base (Total): Wave 1 - 10, n=500 per wave As US states move to come out of lockdown, many consumers have Wave 1 Wave 2indWicaavete3d thWaatvteh4ere Whaavvee5 beWeanvep6ositWivaevee7ffecWtsatvoe 8theiWr alivvee9s dWuraivneg10 quarantine, mostly focusing on more time with family, less time com- muting, and feeling grateful for things they used to take for granted. Base (Total): Wave 1 - 10, n=500 per wave If they own diamond jewelry, the majority of respondents continue to wear it while sheltering in place, primarily because “I never take it off” and “it makes me feel connected to someone.”

The Art of Jewellery diamondtalk Special 103 Vol 19 Issue 6 | june 2020 REPORT MEANING AND GRATITUDE Looking forward to this holiday season, 56% of 56% people believe gifts should be meaningful, over and above “practical”, “functional” or “fun.” Believe gifts Diamonds are the top representation of a holiday should be gift that symbolizes intimacy, connectedness, and meaningful love amongst both men and women. Three-quarters of consumers say that Covid-19 has not had an impact on their likelihood to purchase diamond jewelry. Above all, the primary reason for giving diamond jewelry this holiday season reflects a sense of gratitude and acknowledgement for partners and mothers during the recent crisis, with male respondents stating, “it would send her a message that she’s important and valued.” LOCAL LOYALTY In this wave of research, consumers feel safest shopping online. However, they clearly distinguish local independent jewelers as by far the best source for education, knowledge and product quality. Independent jewelers were also considered the safest of all the physical options for shopping, and by a large margin. Travel this year still shows a declining trend, with 39% of consumers saying it will be 7-12 months before their travel spending stabilizes. ENDURING VALUE In 2020, 80% of US women agree that diamonds are a valuable asset to own, and 78% believe they are something that will always retain its value. De Beers Diamond Acquisition Study, January 2020 PULSE SURVEY In addition to the ongoing research we conduct on a weekly and monthly basis, once a month we also check in with 500 consumers in the US to understand what they are thinking and feeling as we make our way through the COVID-19 crisis. This month, we wanted to know more about the kinds of gifts people want to give for the holidays. 90% want to give This holiday, 90% of consumers feel it is important to give a gift to a loved a gift that one that holds its value over time. holds value Diamonds were seen as the gift that will most hold its value over time, over time surpassing gold or platinum jewelry, designer clothing or accessories, electronics, furniture or watches. HAVE A QUESTION YOU’D LIKE TO INCLUDE IN OUR PULSE SURVEY? Send it to [email protected] and we’ll aim to include it in an upcoming survey. Sources: 360 Market Reach, March–May 2020, US women and men, 18 and older; OnePulse, June 2020, US women and men, 18 and older.

104 obituary The Art of Jewellery Vol 19 Issue 6 | june 2020 A visionary diamantaire Arunkumar R Mehta (1940-2020) The diamond industry mourns the loss of Thailand, Belgium, China and of course, India. It Arunkumar R. Mehta of Rosy Blue, a luminary was also one of the first few companies that became a of the diamond industry. A visionary, who has always DTC Sightholder in 1969. been a pillar of strength and an inspiration for many not just in India, but for diamantaires world over, He was the founding member of Diamond he will be remembered for his contribution towards Exporters Association Ltd. He has been an active this sector. He was 80 and is survived by a son Russel member of the Managing Committee of the Mehta, Managing Director of Rosy Blue India, and Bharat Diamond Bourse. He has also served in a daughter, besides two brothers, Dilip Mehta and the managing committee of the GJEPC. He is Harshad Mehta. Mehta’’s granddaughter Shloka got known for his philanthropy and always wanted married to Aakash Mukesh Ambani in the best for the Indian diamond fraternity. He was March 2019. associated with several charitable, educational, and healthcare institutions. He is a Trustee of the Rajmal Like many Indian diamantaires, Mehta had a humble Rikhabchand Charitable Trust, Bombay Diamond beginning. Born in Patan in 1940, a small town in Merchants’ Association Relief Fund etc. Besides, he Gujarat, he moved to Mumbai and set up a small was the President of the Palanpur Samaj Kendra. diamond cutting and polishing unit in 1960, under the name B Arunkumar & Company. With his Arunbhai Mehta’s passing away is an irrevocable loss undeterred vision and entrepreneurial genius, the to the industry. A force to reckon with, this industry company grew strength to strength, and today Rosy will miss his able guidance and his readiness to Blue is the biggest diamond manufacturing unit in always help those in need of his expert advice. the world with operations in Israel, Russia, Sri Lanka,

The Art of Jewellery obituary 105 Vol 19 Issue 6 | june 2020 A Tribute to ArunBhai: A Man with Sixth Sense By Dilip Mehta The adjectives people have so lovingly used to describe Subconsciously, I must have known that this was Arunbhai our brother, further re-confirm what we already know, saying goodbye.I too was like a rough stone that Arunbhai of the nobleman Arunbhai was. Titles such as ‘Pillar of support, Mentor, Guru, Guide, lovingly and painstakingly helped to polish. He True friend, Diamantaire par excellence took us under his wings. He encouraged Harshad and virtues such as Loving, Foresighted, bhai and me to be part of B. Arunkumar & Co. Polite, Compassionate, Honest, Impartial, He guided us and led us to transform it into the Peace-loving, Caring, the list goes on and multinational corporation it has become today. on. Personally, what inspires me the most He understood the nature of business. The about my brother was his innate sixth way the markets moved. In fact, even beyond sense. He could see through the future. diamonds, Arunbhai listened to his gut and And the true leader in him was quick to courageously liquidated the stock in 1979, when take action accordingly. the oil crisis was shaking the world. Many froze, The day before Arunbhai had his tragic fall, I called him. but not Arunbhai. Like the mettle he showed During our conversation, I immediately sensed that in the diamond market, Arunbhai seemed to understand, something was about to change. I cried during this final through intuition, the way myriad businesses work, and he phone call, and I didn’t know then, why I did. It is not was able to profit from this sixth sense. He will surely be something, of course, that I typically do when we speak. missed not only by us but by the millions of people who were shaped by his remarkable guidance. A Remembrance By Shreyas Doshi My father and Arunbhai’s father went to the Babu I enjoyed a very unique personal rapport with him. We Panalal School together. Our families again came enjoyed so much mutual trust that we could read each other’s together in 1962 and this relationship between our families continues till date. mind on many subjects. He was full of warmth My interactions with Arunbhai started in whenever we met, even if we were meeting 1967 and our relationship grew in strength after a long time. He was a mentor to many, with each passing year. And during this including me, but always advised like a friend. time, we became relatives through the I was always at ease in his presence, despite his wedding of my daughter, Aditi. stature. He commanded respect universally and treated others with equal respect. I always admired his sharp focus, in- In Arunbhai, I have lost a personal friend, an depth knowledge and a very endearing esteemed colleague and a dear relative. I am sure demeanor. He could steer the narrative that he is at peace wherever he is. He has been with just a simple smile. I am yet to come and will be our guiding force in many ways. I across another person with such powerful will miss him dearly. aura and yet such humility. His comments My thoughts and prayers are with the family. Arunbhai will were always relevant, and perhaps it was this acumen that continue to bless us from his heavenly abode and his memories will led to his remarkable success in all fields. He has won more remain forever as our guiding lights. May he rest in eternal peace! hearts than anyone else in the diamond industry.

106 Advertisement INDEX The Art of Jewellery Vol 19 Issue 6 | june 2020 Advertiser Page No. Advertiser Page No. AMY Jewellery Designers, Cochin........................................................... 47 Lotus Jewellery Creation, Rajkot...................................................17 Achal Jewels, Jaipur.........................................................................23 Manikchand Jewellers, Guwahati..................................................53 Bhima Jewellers, Trivandrum........................................................15 Manidhari International, Bangalore.............................................45 Chain N Chains, Mumbai.........................................................4 & 5 Manyata Jewellers, Bangalore........................................................35 De Beers Group, London ........................... (Inside Front Cover) 2 Mayan Diamonds, Bangalore.........................................................33 Durja Jewels, Jaipur.........................................................................21 MCX, Mumbai................................................................................... 6 Drashti Diamond, Surat.................................................................57 Mehta Gold Pvt Ltd, Bangalore.....................................................25 Emerald Jewel Industry India Ltd, Coimbatore ........................... 9 Moments 925 Silver India LLP, Mysuru.......................................29 Gemmological Institute of India, Mumbai........................................49 Nahar Diamond, Bangalore...........................................................10 GIA (GRS), Mumbai ................................(Inside Back Cover) 107 National Stock Exchange of India Ltd.(NSE), Mumbai................ 3 Gurukrupa Exports, Surat..............................................................31 Platinum Guild International, Mumbai..............(Back cover) 108 GJEPC(IIGJ), Mumbai ...................................................................29 Raj Jewellers, Mumbai ...................................................................11 Jewellery & Gem, Delhi..................................................................41 Rapnet, Mumbai.....................................................................88 & 89 Krishna Gems, Mumbai ................................................................39 S. K. Jewels, Bengaluru...................................................................43 Krystal Gemological Labarotary, Bengaluru ..............................51 Sri Rishabh Jewellers, Mumbai ........................................................... 13 Laxmi Diamonds, Bangalore........................................................... 7 Soni Nanalal Bechardas Jewellers Pvt.Ltd, Ahmedabad............19 Limelight, Mumbai.................................................................26 & 27 Vijay Gems, Bangalore....................................................................55 Disclaimer: This advertisements Index is aimed at helping readers locate the advertisements easily and not part of advertising contract. This should not be read as ranking or any other kind of prioritising. No allowance will be made for errors of spellings or other mistakes, even though proper care has been taken.