How is the jewelry industry is changing with technology?

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How is the jewelry industry is changing with technology?

Image result for jewelry and technology How is the jewelry industry is changing with technology?

 

luxamart Jewelry Exchange is one of the best true hidden gems in the blossoming city of frisco,TX.  Our team stays on top of jewelry trends and activities to know how to be the most efficient for our clientele.  Below you will read about the ever changing jewelry market and the effects that it makes to consumers.  We have wonderful jewelry and luxury timepieces available for pennies on the dollar.  Our store offers unbeatable prices with the best customer service in the industry.  Providing the highest level of customer service for clients ensures your purchase is one that really works for you and your budget.  The outstanding quality of jewelry we are able to offer is always fairly and honestly priced.  The jewelry industry itself is known for inflated priced and/or low quality products.  This is where we are able to step in and shine to show our clients that beautiful jewelry and timepieces don’t have to break the bank.  Having access to a very deep active list of high quality vendors gives luxamart Jewelry Exchange the versatility that is necessary on today’s jewelry market.  When anyone is interested on a specific item from a vendor, please come and check with us in the store first.  Often times we are able to order the item from the vendor for you and get the desired item at a lower cost because we very well may have a business connection there.  With our ability of buying and selling gold, silver, platinum and watches, we are able to provide some of the best prices in DFW.  Many places that offer to buy gold, silver, platinum, diamonds and other jewelry only offer a fraction of the money we provide.  Always check with us first or get one or two offers so you can make an educated decision on which store is the most profitable to sell to.  This could be anything to old or broken jewelry that is not being utilized to fine jewelry with original purchase and appraisal documents.  When we are able to purchase any item at a discounted price that exact discount is preserved and passed on directly to our clients.  This makes a harmonious environment where everyone comes out a winner.  Each and every client at luxamart Jewelry Exchange is very important to our success and growth which does not do unnoticed.  Return customers are the largest part of our customer base which makes shopping in our store an experience that has welcomed familiarity in each visit.  Taking time and understanding the types of jewelry our customers buy and have interest in helps direct our focus when buying jewelry on the open market.  Having this knowledge allows luxamart Jewelry Exchange to stay current with fashion and jewelry trend which guarantees our inventory meet all of your expectations.  We have a large inventory of fine jewelry and timepieces at our retail location at 4944 Preston Road Suite #116 frisco,TX, or feel free to visit our online store.  We look forward to meeting you at our store!!!

Image result for jewelry and technology How is the jewelry industry is changing with technology?

By 2016, the e-commerce market is expected to grow to a staggering $1.85 trillion. Increasing rates of Internet access in emerging economies with technology, most notably in India and China, continue to fuel the growth of online commerce and technology, leaving virtually every consumer affected.

The jewelry market, a $70 billion dollar industry in itself, will be the latest business with technology to really take shape through online sales. The timing of this growth revolves around consumer preferences as they become more comfortable with buying fine jewelry online.

To find out more about this shift in thinking, I spoke with Raphi Mahgereft, founder and CEO of Allurez. Growing 30 percent every year for 5 years straight, Allurez is a key player in the growth of the jewelry e-commerce industry that is making waves.

What’s the ‘good news’ on where the jewelry industry currently stands?

Image result for jewelry and technology How is the jewelry industry is changing with technology?

The fine jewelry market is robust and overall, it’s doing great with technology. The recession is long gone and prices have stabilized so consumers are more comfortable investing in fine jewelry. With online jewelry specifically, we’re continuing to flourish steadily and as the industry evolves and implements technological innovations to meet customer needs and I anticipate that will further penetrate technology and the fine jewelry e-commerce market.

Where are the biggest opportunities for jewelers looking to break into the online marketplace?

As more technology is used jewelry retailers realize the opportunity in the e-commerce sector, the market will become more competitive. Jewelers looking to break into the online marketplace must offer something unique that others don’t. The more saturated the market, the more the consumer’s expectations rise – they’re not just looking for an excellent piece anymore, they’re becoming customers of the brands that provide the best shopping experience.

For us, we’ve found that it revolves around the customer and technology. We focus on unparalleled client amenities, such as outstanding customer service through our engaged online jewelers, technology, 30 day money back guarantee, free shipping and an easy to navigate website so clients can design customer pieces if they’d like.

Mobile is also important to consider for those entering the online space. The segment of mobile buyers is big, and getting bigger as is technology. As of 2015, 30 percent of all online purchases now happen through mobile devices, and we can expect that number to continue to rise. Even when making a purchase in store, 82 percent of shoppers say they consult their phones before making a purchase. Jewelry retailers will increasingly cater to these mobile users with mobile apps and technology helps mobile-friendly websites.

Image result for jewelry and technology How is the jewelry industry is changing with technology?

How do you see luxury apparel companies playing in the fine jewelry space? Do you see them as a threat to jewelers?

When it comes to fine jewelry and technology, apparel companies are not considered competition. These companies don’t specialize in jewelry and often times their pieces are priced extremely high because consumers are paying for the brand name versus the product itself. Jewelers, online and off, have decades of expertise in jewelry and therefore will always be able to offer better-designed, more affordable pieces.

Additionally, apparel brands, no matter how high-end, generally don’t offer customizable items. Consumers are becoming more interested in the potential of customization. A survey conducted by Bain & Co. found that roughly one quarter of shoppers are interested in online customization options. E-commerce jewelry makers can expand the number of options they offer to their customers. This will ultimately open up more options for customization, allowing consumers to tailor more aspects of their jewelry.

 

What are your predictions for the next 3-5 years in the jewelry ecommerce arena?

3D printing is an opportunity we’re exploring and I see that being a big breakthrough in the industry as a whole. We’re aiming to provide a 3D imitation of the jewelry so the client can try it on, wear it for a few days and really feel assured in their piece. Items like Engagement rings are so emotionally charged; we want to make sure we’re consistently going above and beyond to impress our customers.

As jewelers and consumers become more comfortable with selling / purchasing items  and technology of such significance online, e-commerce will be commonplace. I see online jewelry technology sales will continuing to flourish for the next few years and as the industry implements these innovations using technology to meet consumer demands, that growth rate will accelerate to reach it’s stride.

By Allan Smith HuffPost

Image result for jewelry and technology How is the jewelry industry is changing with technology?

Come in to luxamart today for the greatest value for your jewelry needs!  We buy, sell and repair and clean diamond rings, gold, silver, platinum and coins.  Staying up to date on technology and industry trends we provide amazing services.  We also sell and buy and repair luxury watches, Engagement rings, necklaces and much more.  We are located in booming frisco, TX at Lebanon and Preston Rd.  

4944 Preston Rd Suite #116

frisco,TX 75034

469-579-4077 

We thank you for the opportunity to earn your business!!!!

 

 

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