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Webinar Will Examine Alternative Industry Strategies For Online Business July 06, 2021 (0 comments)
Milan, Italy—The final installment of CIBJO's Jewellery Industry Voices second series will address alternative approaches for doing business online.
A recently released study by the leading consulting house McKinsey & Company, prepared with the support of Business of Fashion, estimated that the e-commerce jewelry market will double in size between 2019 and 2025, attaining a market share of 18% to 21% of global fine jewelry sales, or $60 to $80 billion in annual turnover.
The industry is at an inflection point. While change is inevitable, it has been accelerated considerably by the COVID-19 pandemic, as companies scrambled to develop online capacity to survive the pandemic lockdowns. Such change is disruptive, rendering some business models obsolete but also providing new opportunities.
The Jewellery Industry Voices session, titled “Digital Strategies: Navigating Jewellery’s Most Promising Frontier,” will be held July 22 at 9:00 a.m. New York time, and will draw on the knowledge and experience of four leading experts both in and out of the industry:
- Tyler Harris, associate partner at McKinsey & Company, who leads the leading consulting house's global perspective on fine jewellery;
- Mahiar Borhanjoo, CEO of UNI Diamonds, an operator of a groundbreaking online ecosystem that connects between vendors and buyers, securing the sale and safe delivery of polished diamonds anywhere on the globe;
- Alan Chan, General Manager of the Group Branding Centre of Chow Tai Fook Jewellery, the largest jewellery chain in China and Hong Kong; and
- Mithun Sacheti, Founder and Managing Director of CaratLane, India’s largest omni-channel jeweller.
The seminar will be co-moderated by Edward Johnson and Steven Benson, and CIBJO President Gaetano Cavalieri will welcome participants. The webinar is sponsored by UNI Diamonds, which is also the Virtual Retail Platform Sponsor of Jewellery Industry Voices Season 2. Other season sponsors include the Natural Diamond Council, Platinum Guild International, and Gemcloud.