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Data And Diversity, Two Key Issues, To Be Discussed In Webinars This Thursday February 14, 2022 (0 comments)


Merrick, NY—Two important webinars are scheduled for this Thursday, February 17. The first will examine the impact of “big data” on jewelry industry sales, and the second will continue the conversation about how advancing professional opportunities for Black women in the jewelry and watch industry can boost a company’s bottom line. 

From instinct to real information. Decision-making in the jewelry and gemstone trade has often been a “finger in the wind” exercise. Decisions to invest in costly inventory were based mainly on experience, intuition, and a guess of what the market will demand. The unscientific approach was both force of habit and because of a lack of readily available information.

But that’s changed. A new category of jewelry and gemstone companies, conducting sales online and sometimes aggregating inventory from multiple suppliers, own massive pools of accurate data, on which statistically significant analyses can be conducted. What this means is that decisions increasingly can be based on measurable market trends, reducing the level of business risk and providing the possibility of taking advantage of sales opportunities that a company may not have earlier been aware of.

On Thursday morning, CIBJO's Jewellery Industry Voices webinar titled “DATA DRIVEN: Rethinking Decision-Making in the Gem and Jewellery Business” will focus on the growing use of statistical analysis in the jewelry and gemstone business, and the new tools and services that are available. 

The webinar panel includes Mahiar Borhanjoo, CEO of UNI Diamonds, a data and technology company serving the international diamond industry; Sophia Kravchenko, senior manager at Bain & Company in Moscow, who is part of the unit that annually conducts the consulting company's widely followed review of the diamond business; Julie Yoakum, a senior vice president and chief merchandising officer at Helzberg Diamonds, a Berkshire Hathaway company and one of the largest jewelry retailers in the United States; and Raj Mehta, a director at Rosy Blue, one of the world's largest manufacturers and suppliers of diamonds.

Sponsored by UNI Diamonds, the seminar will be co-moderated by Edward Johnson and Steven Benson. CIBJO President Gaetano Cavalieri will welcome participants. Click below for a preview.

The seminar will be held Thursday, February 17, at 9:00 AM New York time, 2:00 PM London, 3:00 PM Milan, 6:00 PM Dubai, 7:30 PM Mumbai, 10:00 PM Hong Kong. Click here to register.

Separately, join the Black in Jewelry Coalition and the Women's Jewelry Association on Thursday at 1pm EST / 10am PST to better understand how diversity, equity and inclusion will positively impact the future of your business, including your staff, your clients, and your overall bottom line. The panel will bring together women who are making a big impact advancing professional opportunities for Black women in the jewelry and watch industry: Lotanna Amina Okpukpara, Mina Stones; Nellie Barnett, GIA; designer Malyia McNaughton, Made by Malyia; Elyssa Jenkins-Pérez, JVC; and Adrianne Sanogo, GG. 

Hear how they are celebrating their heritage this month and throughout the year, and working towards a more inclusive industry, and learn about industry-wide initiatives that are helping to advance and shape more opportunities for Black jewelry professionals. Click here to register.

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