What Does Transparency Mean in 2019?

customer interest by drawing them into the brand’s world, had me thinking of certain social media accounts that I enjoy following.

  
 
 
 
 



 

 
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A post shared by WWAKE (@wwake) on Jun 15, 2019 at 12:30pm PDT

Brooklyn, New York-based Wwake, headed by designer Wing Yau, is a perfect example of the strategy Chila talks about.

A recent Instagram story I viewed took me behind-the-scenes of the Wwake workshop in Brooklyn’s Greenpoint neighborhood, where I watched a female bench jeweler set a ring with diamonds and gemstones. What many in the industry may take for granted as being the mundane, daily workings of their company can be fascinating to the average layperson, even to a seasoned jewelry lover like me.

I’m not the only one interested in the unique, esoteric craft of jewelry-making.

Instagram itself went on to visit the Wwake workshop as well, capturing a tour of the facility in its Instagram Stories (yes, Instagram’s Instagram Stories; I can only imagine how many consumers were introduced to Wwake in the process.)

Even if product isn’t fully made on-site or in the country, brands can still provide insight into their world.

Dana Rebecca Designs, based out of Chicago, does an excellent job of this.

A recent Instagram story showed the designer in her workshop in India, demonstrating the steps of the manufacturing process, while a typical story will show employees of the Chicago store showing off the jewelry they’re wearing that day, oftentimes touting a sale to go with it for certain pieces, and even tagging the clothing brands they’re wearing.

The social interaction feels personal and authentic, which is the key to transparency, said another “JCK Next Generation” panelist, Jackie Brooks, owner of Bottom Line Marketing.

“Be transparent with your employees. Are you up? Are you down?”— Jackie Brooks, Bottom Line Marketing

“You can’t cut corners anymore, it needs to be real,” she said of addressing consumers on social media.

But authenticity doesn’t stop there. Brooks stressed that transparency is important in all aspects of a company, not just on the consumer-facing front.

“Be transparent with your employees,” she said. “Are you up? Are you down? Are you meeting your sales goals? Why are there secrets in that world? Let employees take ownership.”

And how can retailers address transparency, particularly when it comes to the provenance of all the materials from all the brands they carry or the loose diamonds they sell, including older product made or mined before there was all this emphasis on transparency and traceability?

GIA Global Director of Business Development (and former National Jeweler publisher) Matthew Tratner said that as he’s traveled the country talking about GIA’s new diamond origin reports, that’s the No. 1 question he’s asked, and his advice is to just be honest.

“Unfortunately, the answer is really that the technology just didn’t exist to be able to match that rough to the polished diamond. It doesn’t mean [a diamond was] unethically sourced.

“As technology evolves and blockchain gets better and other [new] data systems come to the forefront, there’s always going to be that question.”

Tratner said to tell consumers: “There’s the technology to identify these diamonds now; when these other diamonds were obtained, the technology didn’t exist.”