Covid-19 Shall Pass, But These Emerging Trends Will Drive The Jewelry Industry Ahead

[TORONTO, Canada] -- As I look out of my home-studio window, the daffodils and tulips are blooming, the cardinals are singing. It’s spring. It’s also 12 weeks into the lockdown. 

In end-February, I landed home in Toronto from an extensive Asia visit. The day I flew from Thailand, the media was reporting on Covid-19 cases, so I self-isolated myself. Canada soon announced a countrywide lockdown. The world is in a crisis management phase since.

Reena Ahluwalia

Reena Ahluwalia

JEWELRY INDUSTRY TRENDS HERE TO STAY POST COVID-19

The manner in which this pandemic is impacting global businesses, people and shaping our mindscapes is quite stunning. All this in a matter of a few months. I will leave out the topics of online platforms, digital & social media strategies, webinars that have all been widely discussed and are of importance. What I want to share instead are my views on emerging cultural and consumer trends that will impact our business going forward. 

1. Post-pandemic Consumer Behaviour

The Covid-19 crisis has taught us the value of things, of what is necessary versus discretionary. In lockdown mode, people made use of what they already had or was essentially needed. Will that mean moving away from over-consumption to meaningful consumption? Possibly. If you notice closely this was an emerging trend, now fuelled further by the Covid-19 crisis. What does it mean for the global jewelry industry which relies on discretionary spending? One of the answers I feel is to look at how we can narrate jewelry with purpose driven, meaningful consumption and one that responds to consumer's overall mental, physical and financial wellbeing.

2. Nature & Sustainability

Our jewelry industry is closely linked to nature's bounty - metals, diamonds and gemstones. I believe this crisis is sending a strong signal to humanity. To prevent future climate catastrophe and spread of deadly diseases, we have to step up and refocus our energy in nurturing nature and in our sustainability efforts. For consumers the climate issue is going to resurface once the Covid-19 crisis starts becoming manageable. Can we as an industry urge action through meaningful engagement? One of the most effective ways to tackle climate change is through purpose-led actions coming from design thinking. People deeply care about climate and connection to the natural world. I am one of them. I bike and haven't owned a car in decades. I reuse, recycle and avoid waste. I am also conscious of companies I buy from. What we wear is a big part of our personal identity, and that's what jewelry does so well, it lets us show who we are to the world.

3. Value, Meaning and Purpose

Now, more than ever we need a connection to who we are, what we love and how we show it. Jewelry is about our personal identity, celebration and dreams. Consumers will return to jewelry, but with a changed perspective. They will return and look for jewelry with meaning, purpose, positivity, joy and deep personal connection to who they are and what they value. This must reflect in our jewelry designs. It must reflect how wearing jewelry makes us feel. 

The ‘Inner Brilliance’ spinning diamonds collection from ‘Coronet by Reena’. A pointer points to the true center, reminding what's most valuable to us; our family, values, goals and milestones. ©Design Copyright. Patented setting.

The ‘Inner Brilliance’ spinning diamonds collection from ‘Coronet by Reena’. A pointer points to the true center, reminding what's most valuable to us; our family, values, goals and milestones. ©Design Copyright. Patented setting.

MY PERSONAL FOCUS

Like most of us, my first concern once the pandemic hit was the safety of my family, my team, friends and those experiencing dire situations amid this crisis around the world. I made early donations to some of the organizations that I support. Now that I look back, it was timely. 

Soon, I started reorganizing my days and priorities to tackle the many challenges that the lockdown has brought to my business. I am also helping a few emerging jewelry designers who are entering the world of jewelry on how to navigate this tough landscape. I am reading books that were on my 'To Read' list, cooking, and exercising. In this environment of digital overload, I am very careful of what I choose to watch, hear and consume digitally. I call those my 'essentials'. Social isolation is difficult, so I am constantly reminding myself to take care of my mental, physical and spiritual self. 

Being a jewelry designer and artist, I am used to very long studio hours and creating in isolation. That focus came in handy. The current crisis has made me think even deeper about my values, connection to nature and how I want to contribute in future. This thinking has guided me to create with a renewed purpose.

Check out my latest diamond paintings from the LIT Series. You will know what I mean. 

No amount of darkness can hide sparks of light. The LIT Series of diamond paintings by Reena were painted during the Covid-19 crisis. Dedicated to all heroes, the paintings celebrate our shining human spirit. ©Copyright.

No amount of darkness can hide sparks of light. The LIT Series of diamond paintings by Reena were painted during the Covid-19 crisis. Dedicated to all heroes, the paintings celebrate our shining human spirit. ©Copyright.

Finally, I hope you are not pushing for hyper-productivity and forcing unrealistic goals causing performance anxiety. I can only share my experience and what works for me and hope you will consider it. I feel this crisis is a time to attune yourself to what's happening around you. Feel it, think about it and explore your ideas. The best creative solutions are when all these elements interconnect and harmonize. 

We will come out of this crisis altered, but with true inner light, sense of purpose and clarity of direction. 

I wouldn't wish anything less for you. 

Reena Ahluwalia Speaks at the Gem-A Conference 2017

Reena Ahluwalia was invited by the Gemmological Association of Great Britain (Gem-A) to speak on 'Diamond Storytelling Through Design & Art'. A topic Reena has spoken extensively about. Reena highlighted need for diamond industry to tell diamond stories that can authentically connect to next generations and their aspirations.

Diamonds already start as nature's art-forms. One thing we have learnt in the diamond and jewellery business is that each generation brings their own challenges and opportunities. Collectively as an industry we must have the vision to not only seek to understand the Millennials, but also the generation that will exert their market power after them. According to Reena, trends may come and go, but stories are truly cross-generational. Stories never go out of fashion. Stories, live on.

Established in 1908, the Gemmological Association of Great Britain, or Gem-A, is the world’s longest established provider of gem and jewellery education. 

Read Reena's speaker's interview for Gem-A

Reena Ahluwalia with Gem-A CEO, Alan Hart.

Reena Ahluwalia with Gem-A CEO, Alan Hart.

Gem-A CEO, Alan Hart with Reena Ahluwalia and Alan Bronstein. Image: Henry Mesa, Gem-A

Gem-A CEO, Alan Hart with Reena Ahluwalia and Alan Bronstein. Image: Henry Mesa, Gem-A

Reena Ahluwalia Speaking at the Gem-A Conference 2017. Image: Henry Mesa, Gem-A

Reena Ahluwalia Speaking at the Gem-A Conference 2017. Image: Henry Mesa, Gem-A

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Chandra Horn, Reena Ahluwalia, John Bradshaw, Richard Drucker at the Gem-A Conference. Image: Henry Mesa, Gem-A

Chandra Horn, Reena Ahluwalia, John Bradshaw, Richard Drucker at the Gem-A Conference. Image: Henry Mesa, Gem-A

Reena Ahluwalia showing the Coronet By Reena spinning diamonds collection to attendees at the Gem-A conference. Image: Henry Mesa, Gem-A.

Reena Ahluwalia showing the Coronet By Reena spinning diamonds collection to attendees at the Gem-A conference. Image: Henry Mesa, Gem-A.

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Wonderful Mark Cullinan of Cullinan Diamonds (his great grandfather was the owner of the famous Cullinan Mike), is now the owner of Reena Ahluwalia's blue diamond painting.

Wonderful Mark Cullinan of Cullinan Diamonds (his great grandfather was the owner of the famous Cullinan Mike), is now the owner of Reena Ahluwalia's blue diamond painting.

Wonderful Mark Cullinan of Cullinan Diamonds (his great grandfather was the owner of the famous Cullinan Mike), is now the owner of Reena Ahluwalia's blue diamond painting.

Wonderful Mark Cullinan of Cullinan Diamonds (his great grandfather was the owner of the famous Cullinan Mike), is now the owner of Reena Ahluwalia's blue diamond painting.

 

 

Reena's Glorious, Luminous Diamonds - JNA (Jewellery News Asia)

Feature interview of Reena Ahluwalia and her diamonds.

Editor Marie Feliciano interviews Reena Ahluwalia in May 2017 issue of JNA (Jewellery News Asia). 

Diamonds & Millennials: Understand The WHY & The WHAT Will Be Answered

By Reena Ahluwalia. Blog appeared in GEMKonnect

Reena Ahluwalia speaking at the 'Design Inspirations 2017' seminar organized by the GJEPC.

Reena Ahluwalia speaking at the 'Design Inspirations 2017' seminar organized by the GJEPC.

What are the diamond jewellery trends that are shaping up the North American Millennial market in 2017?  

The Gem and Jewellery Export Promotional Council of India (GJEPC) recently invited me to speak and share my observations on this specific question at their design and trend forecasting annual seminar, Design Inspirations. This year’s topic focused on the challenges and opportunities around designing for the Millennials.

A great deal has already been written about the Millennials, their buying power and behaviour. Rightly so, Millennials now make the largest consumer market for diamond jewellery. According to a report by the De Beers Group, Millennials in the US alone account for over 60 per cent of this generation’s diamond jewellery purchases in the top four markets, namely – the US, China, India and Japan.

I’ll summarize what I said at the GJEPC seminar. Since the diamond jewellery market is too wide a spectrum, I decided to focus on a specific area — the non-bridal diamond trends, a rising star segment for Millennials in the US. The premise of my talk was to question why things trend, what influences and shapes them to become market forces. Truly understanding the why will help answer the what that is needed to appeal to the Millennials and the generation beyond.

One thing we have learnt in the diamond and jewellery business is that each generation brings it’s own challenges and opportunities. Collectively as an industry we must have the vision to not only seek to understand the Millennials, but also the generation that will exert their market power after them...

CONTINUE TO READ MORE: https://www.gemkonnect.com/blog/diamonds-millennials-understand-why-what-will-be-answered

Here are my top five diamond jewellery trends shaping the North American Millennial market in 2017 — Enamel, Geometric, Minimal, Meaningful and Open.Why do these five specific segments constitute trends? I believe these trends are a reflection of wh…

Here are my top five diamond jewellery trends shaping the North American Millennial market in 2017 — Enamel, Geometric, Minimal, Meaningful and Open.

Why do these five specific segments constitute trends? I believe these trends are a reflection of what the US Millennials hold close to their heart — self expression and individuality, their digital identity, shedding excess in the world full of information overload, making deep emotional connections, making an impact through their actions, decisions and pocket. CONTINUE READING: https://www.gemkonnect.com/blog/diamonds-millennials-understand-why-what-will-be-answered