EditorsNov 15, 2024
Why Fine Jewelry Belongs at New York Comic ConSenior Editor Lenore Fedow makes the case for why more jewelers should be appealing to nerds at the annual event.
TechnologyMay 28, 2020
Forevermark Expands E-Commerce, Launches Capsule Collection
The De Beers-owned diamond brand has partnered with stylist Micaela Erlanger to create a diamond and platinum bridal capsule collection.
This summer, Forevermark will launch a capsule collection of bridal jewelry created in collaboration with stylist Micaela Erlanger.
New York—Forevermark is expanding its website’s capabilities and launching a bridal capsule collection in collaboration with a well-known stylist, executives announced at the recent, virtual Forevermark Forum.
In a presentation streamed Thursday, Forevermark U.S. President Charles Stanley gave a long list of updates on developments to Forevermark.com, which included the brand selling more jewelry online directly to consumers while still profit-sharing with retailers.
The diamond brand will sell all Forevermark collections online—the Engagement & Commitment Collection, Classics, the new Forevermark x Micaela bridal collaboration and Tribute, which it has sold online since late 2018.
Retailers that carry Forevermark also now will be allowed to sell these collections online.
Stanley also listed a number of other improvements on tap for Forevermark.com, including:
— Updating the site to have a single store locator that includes icons representing which collections each store carries;
— Linking a store’s actual inventory to the site so consumers can see the in-store availability of exact product;
— Developing a “legally compliant” process to share the information of customers who buy on Forevermark.com with jewelers; and
— Introducing a virtual try-on tool that can be used by consumers both on Forvermark.com and in stores.
More information about when these enhancements will go live is forthcoming, he said.
“Our new normal means we can no longer think of physical stores and e-commerce in separate buckets, as U.S. consumers have meshed the two channels together.” — Charles Stanley, Forevermark U.S.Stanley cited statistics regarding the importance of integrating the in-store and online experiences.
He said while more than 80 percent of all diamond jewelry is still bought in physical stores, 78 percent of shoppers use at least one omnichannel service, like booking an appointment or looking up inventory online, or buy online, pick up in store.
Of shoppers who choose to buy online and pick up in store, also known as BOPIS, 21 percent made an additional purchase when they came in to get their item, and 15 percent did so when coming in to return an item they bought online.
“The current crisis has accelerated consumers’ online activity, resulting in them wanting even more dynamic and seamless shopping experiences,” Stanley said during his presentation.
“Our new normal means we can no longer think of physical stores and e-commerce in separate buckets, as U.S. consumers have meshed the two channels together.”
The ninth annual Forevermark Forum originally was scheduled to take place
in March in Miami but, like so many other events, was moved online because of the coronavirus pandemic.
In addition to Stanley, the 600-plus retailers, manufacturers and diamantaires who tuned into the virtual conference heard from Nancy Liu, Shanghai-based CEO of Forevermark.
Liu gave insight into consumer trends in China following the reopening of retail, noting that the Forevermark business in the country has returned “more rapidly than anticipated,” with like-for-like sales up 23 percent in April.
“In China shoppers have begun to return to luxury goods, with branded jewelry and bridal leading the recovery,” she said. “We see strong self-reward and pent-up demand, and two key bridal seasons compressed into one.”
Also during the Forum, Forevermark announced the launch of a capsule collection created in collaboration with celebrity stylist Micaela Erlanger, who’s dressed numerous clients in Forevermark on the red carpet, including Lupita Nyong’o at the SAG Awards earlier this year.
If Erlanger’s name sounds familiar to those in the jewelry industry, it’s because she’s the brand ambassador and curated a collection for the “Platinum Born” line distributed by Suna Bros.
For the Forevermark capsule collection, Erlanger turns to the white metal once again, as the assortment of wedding bands and diamond engagement rings will be made exclusively in platinum.
Forevermark x Micaela will launch this summer and be sold on Forevermark.com and by authorized retailers.
In addition to Stanley, the 600-plus retailers, manufacturers and diamantaires who tuned into the virtual conference heard from Nancy Liu, Shanghai-based CEO of Forevermark.
Liu gave insight into consumer trends in China following the reopening of retail, noting that the Forevermark business in the country has returned “more rapidly than anticipated,” with like-for-like sales up 23 percent in April.
“In China shoppers have begun to return to luxury goods, with branded jewelry and bridal leading the recovery,” she said. “We see strong self-reward and pent-up demand, and two key bridal seasons compressed into one.”
Also during the Forum, Forevermark announced the launch of a capsule collection created in collaboration with celebrity stylist Micaela Erlanger, who’s dressed numerous clients in Forevermark on the red carpet, including Lupita Nyong’o at the SAG Awards earlier this year.
If Erlanger’s name sounds familiar to those in the jewelry industry, it’s because she’s the brand ambassador and curated a collection for the “Platinum Born” line distributed by Suna Bros.
For the Forevermark capsule collection, Erlanger turns to the white metal once again, as the assortment of wedding bands and diamond engagement rings will be made exclusively in platinum.
Forevermark x Micaela will launch this summer and be sold on Forevermark.com and by authorized retailers.
More on Technology
The Latest
CollectionsNov 15, 2024
Marie Lichtenberg Battles Counterfeits with New ‘Raiz’in Scapular’ DesignsThe latest “Raiz’in” drop showcases a newly designed “Scapular” necklace and donates a portion of the proceeds to Make-A-Wish France.
WatchesNov 15, 2024
Piece of the Week: Citizen’s Commemorative Pocket WatchNo. 1 out of 100, the timepiece was created to mark Citizen’s 100th anniversary and will be auctioned off at Sotheby’s next month.
Brought to you by
Navigating Cybersecurity: Essential Guidance for JewelersFrom protecting customer data to safeguarding inventory records, it's crucial to learn how to tackle cybersecurity challenges.
Recorded WebinarsNov 15, 2024
Watch: 10 Tips to Keep Your Jewelry Store Secure On the latest episode of “My Next Question,” two experts share best practices for store security during the holidays and year-round.
Weekly QuizNov 14, 2024
This Week’s QuizTest your jewelry news knowledge by answering these questions.
AuctionsNov 14, 2024
18th-Century Diamond Necklace Sells for Nearly $5M Sotheby’s sold the necklace, which potentially has ties to Marie-Antoinette, for $4.8 million to a woman bidding via phone.
MajorsNov 14, 2024
Saks Fifth Avenue Cancels Holiday Light DisplayInstead of its usual elaborate display, the store will illuminate its façade and frame the windows to highlight its flagship’s architecture.
Brought to you by
Enhance Your Expertise with IGI’s In-Person Courses in NYCThis fall, sharpen your skills in jewelry grading, quality control and diamond assessment.
WatchesNov 14, 2024
Grand Seiko Partners With Ben Bridge on First Hawaii Store The new Grand Seiko boutique is located in Honolulu’s Waikiki neighborhood.
SourcingNov 13, 2024
Gem Legacy Adventures Announces 2025 Trip Eleven spots are available for travelers to visit Northern Tanzania and Southern Kenya from July 25 to Aug. 4.
AuctionsNov 13, 2024
Aga Khan Emerald Sells for $8.8M, Sets RecordThe emerald brooch-turned-pendant returned to auction after 55 years, setting a world record for most expensive emerald sold at auction.
AuctionsNov 13, 2024
‘Exceptional’ Burmese Ruby Ring Tops $5M at Auction Phillips also sold a 1.21-carat fancy red diamond dubbed the “Red Miracle” for more than $1 million at its jewelry auction in Geneva.
MajorsNov 13, 2024
Ariana Grande, Anya Taylor-Joy Star in Holiday Jewelry CampaignsFrom Swarovski to Tiffany & Co., jewelry retailers are enlisting celebrities to highlight their holiday offerings.
MajorsNov 13, 2024
Royal Chain’s New Catalog Is Out NowThe 2024-2025 book introduces hundreds of new designs.
FinancialsNov 12, 2024
Cartier, Van Cleef & Arpels Continue to Shine for Richemont Richemont’s jewelry sales ticked up 2 percent in the first half of the year, while watch sales plummeted 17 percent.
GradingNov 12, 2024
GIA’s Next-Day Services Return for the HolidaysOffered by the lab since 2016, the holiday season special is good from now through mid-December.
CollectionsNov 12, 2024
Mikimoto and Chrome Hearts Blend Aesthetics in New CollaborationThe “Mikimoto Chrome Hearts” jewelry brings pearls from Mikimoto together with distinctive motifs from Chrome Hearts.
CollectionsNov 08, 2024
Piece of the Week: Larkspur & Hawk’s ‘Tapestry Lily’ Earrings These earrings use flat-backed white quartz to create a window onto an antique ribbon embroidered with a floral design.
Events & AwardsNov 08, 2024
AGTA Reveals Spectrum, Cutting Edge Award Winners for 2024This year’s AGTA Spectrum & Cutting Edge Awards included a new category for engagement rings and a new award highlighting female designers.
FinancialsNov 08, 2024
Brilliant Earth’s Q3 Sales Fall 13%Plus, CEO Beth Gerstein shares her insight on the holiday season and the possibility of new tariffs.
TrendsNov 07, 2024
Amanda’s Style File: Golden and Blue November HuesThe month’s birthstones, citrine and blue topaz, reflect the changing colors of the season.
CollectionsNov 07, 2024
Sidney Garber Collaborates With Carey Lowell on Capsule CollectionThe “Carey Lowell x Sidney Garber” collection stems from the friendship between the jewelry designer and ceramicist.
MajorsNov 07, 2024
Ritani Debuts ‘No-Fuss’ Holiday TV CampaignThe two ads highlight diamond engagement rings and diamond studs with a straightforward approach.
Policies & IssuesNov 07, 2024
Diamonds Do Good To Distribute $250K+ In Grants Next YearIn 2025, the nonprofit plans to continue its support of longstanding partners while also allocating some funds to a new initiative.
AuctionsNov 06, 2024
Two Rolexes With Ties to Titanic Head to AuctionThe Rolex watches are from the collection of “Titanic” co-producer Alfred “Al” Giddings and will go up for sale at Sotheby’s next month.
FinancialsNov 06, 2024
Pandora Posts Double-Digit Revenue Growth in Q3The Danish jewelry company plans to open up to 150 concept stores this fiscal year.
GradingNov 06, 2024
GIA to Close Lab in Ramat Gan, IsraelThe location will close by the end of the year due to it being financially unsustainable, GIA said.
