Online marketing of Jewellery:
There are a few online jewellery marketing companies in
India. A few were started for dedicated jewellery business, like CaratLane. Some offline
retailers use brands like VelvetCase and WearYourShine to sell online. Apart from these, there are a
lot of offline retailers who use their e-commerce website as a introduction for
selling on Amazon, Flipkart and Snapdeal. Recently Kalyan Jewellers, a retail
chain, bought out the online jewellery company Candere.
Indians have still not accepted online jewellery purchase in
a big way. The reason could be many fold, their doubts about the genuine
quality and safety, missing the thrill and joy of getting a feel of the
jewellery physically, since only 1.5% have credit/debit cards, most of the
buying happens in cash.
Today, low value jewellery like gold coins, pendants with
engravings of gods etc. are attracting buyers. Convincing buyers to buy high
end jewellery is hard. But jewellers are convinced that with increasing
globalisation and competition it is necessary to promote their business online.
Towards this end the firms now outsource logistics to well known
courier companies, which deliver the jewellery, certified by independent international
agencies, in a tamper proof pack. The products are priced about 25% lower than
retail stores.
Also they are employing
a supply chain management to keep track of and deliver in time.