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The Jewelry District

Episode 58: A Look Back At 2021

The Jewelry District

JCK

Fashion & Beauty, Business News, Business, Arts, News

9.9 • 25 Ratings

🗓️ 7 December 2021

⏱️ 28 minutes

🧾️ Download transcript

Summary

In This EpisodeJCK editor-in-chief Victoria Gomelsky (https://www.jckonline.com/writer/victoria-gomelsky/) and news director Rob Bates (https://www.jckonline.com/writer/rob-bates/) look back and reflect on the past year.Show Notes00:30 Victoria and Rob remember their colleague Donna Borrelli, who died last month.05:44 Rob follows the trends on bridal and watches.10:00 Jewelry is art, Baselworld isn't happening, and some IPOs are booming.17:13 Victoria talks about Patek Phillippe and Tiffany & Co.'s long history.22:17 Rob and Victoria discuss the jewelry industry outside of the United States.Episode CreditsHosts: Rob Bates and Victoria GomelskyProducer and engineer: Natalie ChometPlugs: jckonline.com (https://www.jckonline.com/), @jckmagazine (https://www.instagram.com/jckmagazine/)Show RecapIn MemoriamVictoria and Rob remember their colleague, Donna Borrelli, who was the associate publisher of JCK for 17 years and passed away due to complications from COVID-19. Rob also looks back on the other greats of the jewelry industry who have passed away this year.What's HotAll in all, the jewelry industry has performed remarkably well throughout the pandemic. Rob notes many predict a wedding boom in 2022—and that means a boost to engagement and wedding ring sales. Victoria mentions that watches are also a hot commodity, and diamonds are accruing value. Rob backs up Victoria’s claim on watches by saying that Gen Z and younger populations are getting into timepieces, which is helping the industry flourish.Jewelry as Art, Baselworld, and Noteworthy IPOs Victoria’s newest piece (https://www.nytimes.com/2021/12/06/fashion/art-jewelry-sienna-patti-louisa-guinness.html) in The New York Times is about jewelry as art. She asks which kinds of jewelry are art and which kinds are not. Rob brings up Baselworld, which, after so much back and forth is still not going to happen in 2022. There have also been several IPOs this year—most notable in the jewelry industry, Brilliant Earth. Rob says Brilliant Earth was ahead of its time in promoting traceable diamonds.Patek Phillipe and Tiffany & Co.Victoria also broke some news in The New York Times about LVMH’s newest acquisition, Tiffany & Co. The acquisition was finalized in January, and there have been a ton of interesting things coming out of Tiffany since then. Victoria spoke (https://www.nytimes.com/2021/12/06/fashion/watches-patek-philippe-nautilus-tiffany.html) of the limited-edition timepiece created by Patek Phillippe and Tiffany. Victoria talks about the companies’ long history together, and she predicts this will be an incredibly sought-after watch.The Jewelry Industry AbroadLuxury brands are responding to Chinese consumers where they want to be met. Consumers in China are hyper-focused on digital, and Victoria has done a lot of thinking about how luxury brands dealing with Chinese consumers can trickle down to American consumption. Victoria and Rob also talk about the end of the war in Afghanistan and what effect that has had on the jewelry industry. To wrap up the podcast, Rob and Victoria cover the aftereffects of 2020’s racial efforts to shine a light on Black jewelers. One of the most important sales was Sotheby’s Brilliant & Black, which featured 21 of the world's leading Black jewelry designers.

Transcript

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0:00.0

Welcome to the Jewelry District, a podcast by J.C.K.

0:13.9

Today, Rob Bates and Victoria Gimalski look back and reflect on the past year.

0:30.1

Thank you. reflect on the past year. Hey, everyone. Welcome to the jewelry district. This is Victoria Gimelski, editor-in-chief of

0:35.4

J-CK and J-CK Online.com, calling in from L.A., still here, still in L.A., and I'm with?

0:42.6

Rob Bates, news director of J-C-K and J-C-K Online, still in New York, still here.

0:50.1

We're all good.

0:51.0

Yeah, I must say I'm momentarily still in L.A., but this is the week after Thanksgiving, and I am heading off to Mexico good. Yeah. I must say I'm momentarily still in LA, but this is the week after Thanksgiving and I am heading

0:56.5

off to Mexico tomorrow.

0:58.0

Nice.

0:59.0

Nice.

1:00.0

Very nice.

1:01.0

Taking a little vacation.

1:02.0

I love escaping after Thanksgiving because people are still kind of slowly getting back into

1:06.0

their routines.

1:07.0

You know, it's not such a full-on week this week.

1:09.0

So I head off tomorrow Tuesday morning, come back on Saturday, back in action for almost all of December.

1:15.6

So it feels like a great little respite before the holiday.

1:18.5

Yeah, that sounds cool.

1:19.8

And I got my, you said you got your booster, you were telling me.

1:24.0

I did.

1:24.6

I got it the day before Thanksgiving.

1:26.5

What about, did you get your booster

...

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