SlideShare a Scribd company logo
1 of 23
Natural Color Diamond Jewelry:
An Affordable Solution to Low Margins
Presented By: Natural Color Diamond Industry Association (NCDIA)
Speakers:
Barbara Wheat, Executive Vice President, NCDIA
Michael Hakimian, Senior Manager, Almor Designs
Natural Color Diamond Industry Association (NCDIA)
Founded in 2003
• Not-For-Profit Trade Membership Association
• 130 members - worldwide
• Wholesalers, Retailers, Affiliates
• Goal: “Educate and promote global awareness and desire
for natural color diamonds”
• Education, Marketing Materials, Networking… and More
NCDIA Overview
• Prestige and Consumer Credibility
• Education
• Industry & Local Marketing Support
• Networking & Communication
• In-store Events, Trunk Shows
• Special Promotions
• Product Sourcing
• Special Offers From Affiliate Members
Benefits of Joining NCDIA
Natural Color Diamond Jewelry:
An Affordable Solution to Low Margins
Presented By: Natural Color Diamond Industry Association (NCDIA)
Michael Hakimian
Senior Manager
Natural Fancy Color Diamond Division
Almor Designs
• The Jewelry Industry Landscape: The Problem of Low Margins
• Opportunities in the Natural Color Diamond Business are Due
to High Margins, Customer Excitement, High Growth Potential,
and Affordable Selections
• How to Get Involved and Grow Your Sales in the Natural Color
Diamond Business
• Color Diamonds Education Basics
What We Will Be Covering
The Jewelry Industry Landscape: The Problem of Low Margins
Low Margins in White Diamonds:
• Pricing Structure in Place to Value White Diamonds
• Due to Its Wide Use, the Market is Very Familiar with White Diamond
Pricing
• Diamond Trading Websites Within the Trade, and Websites Outside of It
• Dumping by Diamond Dealers Struggling for Liquidity
What’s Going on in the Natural Color Diamond Business
High Margins, Customer Excitement, High Growth Potential,
Affordable Selections
Natural Color Diamond Jewelry: A Path to Higher Margins
Why Natural Color Diamonds Give Us Higher Margins?
• No Industry Accepted Pricing Structure For Color Diamonds
• Market is Less Familiar with Color Diamond Pricing and Value
• Color Diamonds are More Rare (Supply)
• Customer Excitement: Demand Continues to Increase (Hollywood Stars,
Auctions, Top Jewelry Companies Advertising)
• One of a Kind Feel
• Allure of Luxury
High Growth Potential of Natural Color Diamonds
High Growth Potential of Natural Color Diamonds
Affordable Selections In the Color Diamond Business
• Natural Color Diamond Jewelry is Affordable, so Affordability
Should Not be a Barrier to Entry
• NCDIA Research Indicates that the “Sweet Spot” for retailers
is $2,500-$50,000 (Retail Prices)
Prices shown are examples only.
$5,000 Retail
Tiffany’s – 0.02cts Pink/
0.08ctw; Price: $4,900
Prices shown are examples only.
$10,000 Retail
Prices shown are examples only.
$20,000-30,000 Retail
$50,000 Retail
Getting Started and Succeeding In Natural Color Diamonds
• Join the NCDIA as a Retail Member (Education, Advertising, Sourcing)
• Educate Yourself and Your Staff
• Promote it Constantly and Promote it in Very Visible Places
• Build a Respectable Inventory (Variety of Colors, Price Points, Sources)
• Do Trunk Shows
• Stress to Employees to Show the New Color Diamond Inventory to All
Your Customers
• There are a Variety of Natural Color Diamonds Produced by Nature
and Each Stone is Unique and One-of-a-kind
• Out of every 10,000 Carats of Diamonds, only 1 Carat of it is Fancy
Color Diamond
Color Diamond Basics
The rarity and value of each natural color diamond is based
predominantly on the stone’s rarity and richness of color. They
represent about 3% of GIAs intake.
Source - Natural Color Diamond Association
The color is a combination of Hue, Tone and Saturation.
Stronger colors are typically more valuable. GIA grades these
stones from “Fancy Light” to “Vivid”
Source - Natural Color Diamond Association
There are also colors which contain more than one color in their
description which creates an endless palette of colors.
Natural Color Diamond Jewelry:
An Affordable Solution to Low Margins
Presented By: Natural Color Diamond Industry Association (NCDIA)
Speakers:
Barbara Wheat, Executive Vice President, NCDIA
Michael Hakimian, Senior Manager, Almor Designs

More Related Content

Similar to NCDIA CORRECT PRESENTATION FINAL2-JA NEWYORKJULY2016

IMC - Cultured Diamond
IMC - Cultured  DiamondIMC - Cultured  Diamond
IMC - Cultured Diamondncharoonsri
 
Why colored diamonds are so attractive to investors
Why colored diamonds are so attractive to investorsWhy colored diamonds are so attractive to investors
Why colored diamonds are so attractive to investorsPastor Geneve
 
Coloured Gemstones from "mine to market" - perception vs reality. National As...
Coloured Gemstones from "mine to market" - perception vs reality. National As...Coloured Gemstones from "mine to market" - perception vs reality. National As...
Coloured Gemstones from "mine to market" - perception vs reality. National As...Matthew723528
 
Bemin Diamonds & Co.
Bemin Diamonds & Co.Bemin Diamonds & Co.
Bemin Diamonds & Co.gocubbies1616
 
Group 4 scm assignment 2
Group 4 scm assignment 2Group 4 scm assignment 2
Group 4 scm assignment 2ZaidTergaon
 
Diamonds Are Forever
Diamonds Are ForeverDiamonds Are Forever
Diamonds Are Foreveraditisharma48
 
Tanishq - Positioning to capture Indian woman’s heart - Marketing Management...
Tanishq - Positioning to capture Indian woman’s heart - Marketing Management...Tanishq - Positioning to capture Indian woman’s heart - Marketing Management...
Tanishq - Positioning to capture Indian woman’s heart - Marketing Management...Abbas Dhuliawala
 
demand and supply of dimand
demand and supply of dimanddemand and supply of dimand
demand and supply of dimandPuja Jha
 
July 2013 newsletter
July 2013 newsletterJuly 2013 newsletter
July 2013 newsletterPastor Geneve
 
Ppt For Genral View New
Ppt For Genral View NewPpt For Genral View New
Ppt For Genral View NewDeepak Nair
 
Wasim SIP Presentation
Wasim SIP PresentationWasim SIP Presentation
Wasim SIP PresentationWasim Haidar
 
Lucky Crystal Collections
Lucky Crystal CollectionsLucky Crystal Collections
Lucky Crystal CollectionsJoy Lee
 
Copy of tanishq presentation
Copy of tanishq presentationCopy of tanishq presentation
Copy of tanishq presentationkadavadkar
 
SCM-Blue Nile and diamond retailing
 SCM-Blue Nile and diamond retailing SCM-Blue Nile and diamond retailing
SCM-Blue Nile and diamond retailingIrfan Mehdi khan
 
De beer's diamond dilemma case study
De beer's diamond dilemma case studyDe beer's diamond dilemma case study
De beer's diamond dilemma case studyArpita Pari
 

Similar to NCDIA CORRECT PRESENTATION FINAL2-JA NEWYORKJULY2016 (20)

Brand Tanishq
Brand TanishqBrand Tanishq
Brand Tanishq
 
IMC - Cultured Diamond
IMC - Cultured  DiamondIMC - Cultured  Diamond
IMC - Cultured Diamond
 
Why colored diamonds are so attractive to investors
Why colored diamonds are so attractive to investorsWhy colored diamonds are so attractive to investors
Why colored diamonds are so attractive to investors
 
Coloured Gemstones from "mine to market" - perception vs reality. National As...
Coloured Gemstones from "mine to market" - perception vs reality. National As...Coloured Gemstones from "mine to market" - perception vs reality. National As...
Coloured Gemstones from "mine to market" - perception vs reality. National As...
 
Bemin Diamonds & Co.
Bemin Diamonds & Co.Bemin Diamonds & Co.
Bemin Diamonds & Co.
 
Group 4 scm assignment 2
Group 4 scm assignment 2Group 4 scm assignment 2
Group 4 scm assignment 2
 
Tanishq
TanishqTanishq
Tanishq
 
Diamonds Are Forever
Diamonds Are ForeverDiamonds Are Forever
Diamonds Are Forever
 
Tanishq - Positioning to capture Indian woman’s heart - Marketing Management...
Tanishq - Positioning to capture Indian woman’s heart - Marketing Management...Tanishq - Positioning to capture Indian woman’s heart - Marketing Management...
Tanishq - Positioning to capture Indian woman’s heart - Marketing Management...
 
demand and supply of dimand
demand and supply of dimanddemand and supply of dimand
demand and supply of dimand
 
July 2013 newsletter
July 2013 newsletterJuly 2013 newsletter
July 2013 newsletter
 
Ppt For Genral View New
Ppt For Genral View NewPpt For Genral View New
Ppt For Genral View New
 
Pure Diamond Investments Presentation
Pure Diamond Investments PresentationPure Diamond Investments Presentation
Pure Diamond Investments Presentation
 
Wasim SIP Presentation
Wasim SIP PresentationWasim SIP Presentation
Wasim SIP Presentation
 
Lucky Crystal Collections
Lucky Crystal CollectionsLucky Crystal Collections
Lucky Crystal Collections
 
Copy of tanishq presentation
Copy of tanishq presentationCopy of tanishq presentation
Copy of tanishq presentation
 
Paragon International Wealth Management: Helpful Guidance for Investing in Co...
Paragon International Wealth Management: Helpful Guidance for Investing in Co...Paragon International Wealth Management: Helpful Guidance for Investing in Co...
Paragon International Wealth Management: Helpful Guidance for Investing in Co...
 
SCM-Blue Nile and diamond retailing
 SCM-Blue Nile and diamond retailing SCM-Blue Nile and diamond retailing
SCM-Blue Nile and diamond retailing
 
1
11
1
 
De beer's diamond dilemma case study
De beer's diamond dilemma case studyDe beer's diamond dilemma case study
De beer's diamond dilemma case study
 

NCDIA CORRECT PRESENTATION FINAL2-JA NEWYORKJULY2016

  • 1. Natural Color Diamond Jewelry: An Affordable Solution to Low Margins Presented By: Natural Color Diamond Industry Association (NCDIA) Speakers: Barbara Wheat, Executive Vice President, NCDIA Michael Hakimian, Senior Manager, Almor Designs
  • 2. Natural Color Diamond Industry Association (NCDIA) Founded in 2003
  • 3. • Not-For-Profit Trade Membership Association • 130 members - worldwide • Wholesalers, Retailers, Affiliates • Goal: “Educate and promote global awareness and desire for natural color diamonds” • Education, Marketing Materials, Networking… and More NCDIA Overview
  • 4. • Prestige and Consumer Credibility • Education • Industry & Local Marketing Support • Networking & Communication • In-store Events, Trunk Shows • Special Promotions • Product Sourcing • Special Offers From Affiliate Members Benefits of Joining NCDIA
  • 5.
  • 6. Natural Color Diamond Jewelry: An Affordable Solution to Low Margins Presented By: Natural Color Diamond Industry Association (NCDIA) Michael Hakimian Senior Manager Natural Fancy Color Diamond Division Almor Designs
  • 7. • The Jewelry Industry Landscape: The Problem of Low Margins • Opportunities in the Natural Color Diamond Business are Due to High Margins, Customer Excitement, High Growth Potential, and Affordable Selections • How to Get Involved and Grow Your Sales in the Natural Color Diamond Business • Color Diamonds Education Basics What We Will Be Covering
  • 8. The Jewelry Industry Landscape: The Problem of Low Margins Low Margins in White Diamonds: • Pricing Structure in Place to Value White Diamonds • Due to Its Wide Use, the Market is Very Familiar with White Diamond Pricing • Diamond Trading Websites Within the Trade, and Websites Outside of It • Dumping by Diamond Dealers Struggling for Liquidity
  • 9. What’s Going on in the Natural Color Diamond Business High Margins, Customer Excitement, High Growth Potential, Affordable Selections
  • 10. Natural Color Diamond Jewelry: A Path to Higher Margins Why Natural Color Diamonds Give Us Higher Margins? • No Industry Accepted Pricing Structure For Color Diamonds • Market is Less Familiar with Color Diamond Pricing and Value • Color Diamonds are More Rare (Supply) • Customer Excitement: Demand Continues to Increase (Hollywood Stars, Auctions, Top Jewelry Companies Advertising) • One of a Kind Feel • Allure of Luxury
  • 11. High Growth Potential of Natural Color Diamonds
  • 12. High Growth Potential of Natural Color Diamonds
  • 13. Affordable Selections In the Color Diamond Business • Natural Color Diamond Jewelry is Affordable, so Affordability Should Not be a Barrier to Entry • NCDIA Research Indicates that the “Sweet Spot” for retailers is $2,500-$50,000 (Retail Prices)
  • 14. Prices shown are examples only. $5,000 Retail Tiffany’s – 0.02cts Pink/ 0.08ctw; Price: $4,900
  • 15. Prices shown are examples only. $10,000 Retail
  • 16. Prices shown are examples only. $20,000-30,000 Retail
  • 18. Getting Started and Succeeding In Natural Color Diamonds • Join the NCDIA as a Retail Member (Education, Advertising, Sourcing) • Educate Yourself and Your Staff • Promote it Constantly and Promote it in Very Visible Places • Build a Respectable Inventory (Variety of Colors, Price Points, Sources) • Do Trunk Shows • Stress to Employees to Show the New Color Diamond Inventory to All Your Customers
  • 19. • There are a Variety of Natural Color Diamonds Produced by Nature and Each Stone is Unique and One-of-a-kind • Out of every 10,000 Carats of Diamonds, only 1 Carat of it is Fancy Color Diamond Color Diamond Basics
  • 20. The rarity and value of each natural color diamond is based predominantly on the stone’s rarity and richness of color. They represent about 3% of GIAs intake. Source - Natural Color Diamond Association
  • 21. The color is a combination of Hue, Tone and Saturation. Stronger colors are typically more valuable. GIA grades these stones from “Fancy Light” to “Vivid”
  • 22. Source - Natural Color Diamond Association There are also colors which contain more than one color in their description which creates an endless palette of colors.
  • 23. Natural Color Diamond Jewelry: An Affordable Solution to Low Margins Presented By: Natural Color Diamond Industry Association (NCDIA) Speakers: Barbara Wheat, Executive Vice President, NCDIA Michael Hakimian, Senior Manager, Almor Designs

Editor's Notes

  1. Susan Can introduce the session, read our bios, and then introduce Barbara Wheat
  2. Multi-national members including mining companies, diamond and jewelry manufacturers, designers and retailers.  
  3. Gem Platinum yellow band 0.48ctw - $4K, Pink with 0.43cts - $5,600. Brownish yellow 1ct stone from Finese - $6,200, Pear shape floral earrings - $6,000.
  4. Gem Platinum, Finese Diamonds, LJ West
  5. Gem Platinum, LJ West, N. Shah, Almor Designs
  6. 6ctw earrings from Gemelody, 1ct VLP from NCDIA member, 7.5ctw multicolor earrings from Gem Platinum, 1.5ct brownish pink VS2, and a blue diamond ring from L.J. West.
  7. Need: 1) Color Diamond Basics 2) Picture of what causes a diamond to become a particular color
  8. Many browns and blacks are not certified. Yellow is the vast majority representing – 77%, Pink is extremely rare, only 5%.
  9. Strength of color plays a big role in value. Stronger is typically more valuable. This is important to remember when sourcing fancies for clients.
  10. Is a yellow-green worth less than a green? Yes. However, some modifiers may increase the value of diamonds. “Reddish brown” Brown and gray modifiers usually decrease the value. 1)Explain how modifiers work on GIA Report and which add value and deduct value.
  11. Susan Can introduce the session, read our bios, and then introduce Barbara Wheat