{"id":10137,"date":"2024-12-20T06:14:17","date_gmt":"2024-12-20T06:14:17","guid":{"rendered":"https:\/\/jewellerynewsindia.com\/?p=10137"},"modified":"2024-12-20T06:14:27","modified_gmt":"2024-12-20T06:14:27","slug":"jewellery-industry-infighting-hurts-consumer-confidence-says-cibjo-president","status":"publish","type":"post","link":"https:\/\/jewellerynewsindia.com\/index.php\/2024\/12\/20\/jewellery-industry-infighting-hurts-consumer-confidence-says-cibjo-president\/","title":{"rendered":"Jewellery industry infighting hurts consumer confidence, says CIBJO President."},"content":{"rendered":"\n<figure class=\"wp-block-image aligncenter size-full is-resized has-custom-border\"><img fetchpriority=\"high\" decoding=\"async\" width=\"875\" height=\"621\" src=\"https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2024\/12\/IMG-2-6.jpg\" alt=\"\" class=\"wp-image-10139\" style=\"border-width:3px;border-radius:5px;width:604px;height:auto\" srcset=\"https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2024\/12\/IMG-2-6.jpg 875w, https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2024\/12\/IMG-2-6-300x213.jpg 300w, https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2024\/12\/IMG-2-6-768x545.jpg 768w, https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2024\/12\/IMG-2-6-200x142.jpg 200w, https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2024\/12\/IMG-2-6-600x426.jpg 600w\" sizes=\"(max-width: 875px) 100vw, 875px\" \/><\/figure>\n\n\n\n<p>The head of the <a href=\"https:\/\/cibjo.org\/\" target=\"_blank\" rel=\"noreferrer noopener\">World Jewellery Confederation (CIBJO)<\/a> has blamed industry infighting for a drop in customer confidence in jewellery. <a href=\"https:\/\/cibjo.org\/officers-and-directors\/\" target=\"_blank\" rel=\"noreferrer noopener\">Dr. Gaetano Cavalieri, President of CIBJO<\/a>, spoke at the opening session of the 2024 Global Gems &amp; Jewellery Development Conference on December 19th. He said that the marketing methods used to launch laboratory-grown diamonds had a negative influence on customer faith in jewellery as a whole.<\/p>\n\n\n\n<p>&#8220;The items we sell do not necessarily have inherent value &#8211; such is the nature of luxury products,&#8221; <a href=\"https:\/\/cibjo.org\/officers-and-directors\/\" target=\"_blank\" rel=\"noreferrer noopener\">Dr. Cavalieri<\/a> said in his keynote presentation to the big crowd at the inaugural session. &#8220;They have perceived worth derived from brands as well as cultural and historical associations. If the consumer loses trust in our products, their value decreases. Without customer confidence, a diamond, ruby, emerald, or magnificent piece of jade is just a colorful stone.&#8221;<\/p>\n\n\n\n<p>While noting geopolitical considerations, <a href=\"https:\/\/cibjo.org\/officers-and-directors\/\" target=\"_blank\" rel=\"noreferrer noopener\">Dr. Cavalieri<\/a> identified significant expansion in the lab-grown diamond sector alongside the natural diamond industry as a critical issue. The issue was exacerbated by a considerable decline in lab-grown diamond production costs during the previous two years.<\/p>\n\n\n\n<p><a href=\"https:\/\/cibjo.org\/officers-and-directors\/\" target=\"_blank\" rel=\"noreferrer noopener\">Dr. Cavalieri<\/a> stated that the initial method of pricing lab-grown diamonds versus natural stones, while theoretically favorable to lab-grown manufacturers in the short term, was ultimately damaging in the long run.<\/p>\n\n\n\n<p>&#8220;Both the natural diamond sector and the laboratory diamond sector need to disengage and go back to their drawing boards,&#8221; the chief executive of <a href=\"https:\/\/cibjo.org\/\" target=\"_blank\" rel=\"noreferrer noopener\">CIBJO<\/a> said. &#8220;Each needs to clearly brand its product in a realistic and positive way so that consumer confidence will be restored.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The head of the World Jewellery Confederation (CIBJO) has blamed industry infighting for a drop in customer confidence in jewellery. Dr. Gaetano Cavalieri, President of CIBJO, spoke at the opening session of the 2024 Global Gems &amp; Jewellery Development Conference on December 19th. He said that the marketing methods used to launch laboratory-grown diamonds had [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10138,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Jewellery industry infighting hurts consumer confidence, says CIBJO President. - JNI<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/jewellerynewsindia.com\/index.php\/2024\/12\/20\/jewellery-industry-infighting-hurts-consumer-confidence-says-cibjo-president\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Jewellery industry infighting hurts consumer confidence, says CIBJO President. - JNI\" \/>\n<meta property=\"og:description\" content=\"The head of the World Jewellery Confederation (CIBJO) has blamed industry infighting for a drop in customer confidence in jewellery. 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href=\"https:\/\/jewellerynewsindia.com\/index.php\/uncategorized\/\" rel=\"category tag\">Uncategorized<\/a>","rttpg_excerpt":"The head of the World Jewellery Confederation (CIBJO) has blamed industry infighting for a drop in customer confidence in jewellery. Dr. Gaetano Cavalieri, President of CIBJO, spoke at the opening session of the 2024 Global Gems &amp; Jewellery Development Conference on December 19th. He said that the marketing methods used to launch laboratory-grown diamonds had&hellip;","_links":{"self":[{"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/posts\/10137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/comments?post=10137"}],"version-history":[{"count":1,"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/posts\/10137\/revisions"}],"predecessor-version":[{"id":10140,"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/posts\/10137\/revisions\/10140"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/media\/10138"}],"wp:attachment":[{"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/media?parent=10137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/categories?post=10137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/tags?post=10137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}