Historic overview
Hussaini Jewellers is a family business started by Late Tahir Ali Motiwala in Karachi after he migrated after independence from Mumbai. The business is currently run by Mr. Huzefa and Mr. Mansoor Motiwala. The family has been part of gems and jewellery sector since decades. Their history can be traced down to Busra, a city famous for its pearl (moti) which were extracted from sea. There great grandfather use to trade these which earned him this surname. Today real busra pearls have market worth thousands of Dollar but they are difficult to find.
Before migration the same business was conducted in Mumbai and Ahmadabad. After partition the family moved to Karachi where they started the same business. Mr. Tahir was skilled in Diamond grading due to years of experience in this field. His sons have carried the legacy with same zeal and perfection.
Introduction of the company
Hussaini Jewellers is a registered firm started in 1973. This store is located in main sadder along with seventeen other Jewellery shop operating in the same vicinity. Hussaini Jewellers manufactures all types of jewellery items which includes diamond jewellery as well. They are specialist in colored stones specifically Ruby, Emerald, Sapphire and Pearls. With years of experience in this field they have developed a strong manufacturing network for all kinds of work. They have a specialist for every type of work to maintain a quality which builds loyalty amongst its customers. According to Mr Huzefa
“Jewellery is not just any ordinary commodity like fruits or breads but it’s a product with emotions and sentiments attached to it”
They try and give the best design which is available in the market. They differentiate themselves on quality of go...
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...g difficult. An entrepreneur would risk anything for his business but would never risk his or his family’s life in any case. Although Karachi is a favorable spot for business community but this scenario is changing quickly. Before taking any new step proper planning is required along with contingency planning.
Future Prospects
To stay competitive in Karachi Hussaini Jewellers has launched a Silver Retail outlet called Al Mufaddal Jawahir in January 2014. Consumers now prefer Jewellery which is cheaper and wearable. There is a huge market for these products in Karachi. This venture is a completely new setup from the current one. They have developed a new network of suppliers and manufacturers.
This shop also focuses on selling the product online which is an emerging trend in the Pakistani Market. However success or failure for this category is yet to be known.
Lancer Gallery LLC began as a trading post operation in the 1990’s and quickly gained regional recognition as a trusted supplier of southwestern jewelry and pottery. Lancer later expanded its offering to South American and African artifacts. Because of their vigilance to imposter artifacts, they were able to gain national recognition as an authentic artifact supplier. This recognition was extremely beneficial to the company because in their industry, reputation is everything—people are more likely to buy from a dealer they trust because of the influx of fakes.
DeBeers founded in 1880’s became the world’s largest diamond mining and trading company in the world. When DeBeers was established it controlled around 45% of the world’s diamond production and sold over 80% of all diamonds produced. DeBeers used underhand tactics to remove smaller diamond mines and punished those who tried to break away from the DeBeers “empire”.
First, new materials like metal clay, polymer clay, natural clay, ivory, bones, shells, wood, enamel, plastics and glass are being used. Second, some developments have taken place, improving the quality of artificial stones and making jewelry available to larger population segments from an economic point of view. Furthermore, the influence from other cultures and artistic forms is also changing the traditional jewelry. According to several publications, at the end of the 20th century a mix between Oriental and European techniques has been taking place. A case in point is Hawaiian jewelry which is highly fashionable and is enjoying of an increasing popularity during the last decades.
Spar, D. L., 2006. Markets: Continuity and Change in the International Diamond Market. The Journal of Economic Perspectives, Vol. 20, No. 3 (Summer, 2006), pp. 195-208.
We have to make them want to wear their rings more by encouraging jewelers to create more practical designs which won't frighten off the traditionalist.
The rough diamond that is beneath the surface must undergo several stages of production before being transformed into the diamond that is used in jewellery. These stages of production are costly and this was the shortfall of many of the diamond mining companies, and thus a merger was formed. The agreement b...
My family owned and operated a jewelry business for 8 years, since I was 10 years old. I grew up with this store, among the earrings and ornaments, always surrounded by things made from a unique substance called gold. Gold is a well-known element, atomic number 79; of course, everyone knows of its international monetary value. However, gold also has a deeply personal resonance; and upon closer examination, this material provides an emblematic picture of my past, my future, and what I offer Harvard University.
...t came from or what it took to arrive at our local jewelry store? Do we care about the consequences and effects it has on the people who devote their lives to finding these precious gems? Maybe its time to reconsider the meaning of why we buy diamond rings. Yes, the tradition of giving a woman a diamond ring as a symbol of eternal love is older than we could even imagine. But, the origin of this tradition is a lot less romantic than we might like to think. It is true that a gift of a diamond ring is timeless, but what’s even more timeless is the fact that society truly doesn’t need such a commodity to define what is true love. Think about it. Aristotle once said, “Love is composed of a single soul inhabiting two bodies.” Love is not composed of a single diamond ring inhabiting two bodies. If it were, physical things rather than metaphysical things would bind love.
To some, the myths and curses of the world hold little power, but to others it formats their entire culture or religion. Over thousands of years people have formulated stories surrounding not only diamonds, but other gemstones as well. It is practiced in religious and symbolic ceremonies that we still believe in today. From offering a diamond ring as a symbol of love and unity to a diamond gift of appreciation for a sixty year anniversary we show that in some form we believe that a diamond can bring unity, love, and longevity. Although the majority of claims happened many years ago, and can be proven false today, they have helped mold the history of the diamond. Diamonds are forever; not only because they are invincible, but because they have a lasting connection to our history.
In 1867, huge diamond deposits were accidently discovered near the Orange River in South Africa. Cecil John Rhodes arrived at Kimberley Mine in 1874 and eventually began purchasing claims in the surrounding mines. Rhodes established DeBeers Consolidated Mines in 1888 to manage his assets. DeBeers allowed Rhodes and other suppliers to control the all-inclusive supply of diamonds by setting high market prices and regulating the output of diamonds into the market (Spar, 2006: 197). Ernest Oppenheimer gained control of DeBeers in 1929, after the death of Rhodes in 1902. The Central Selling Organisation...
ix. Since India already enjoys 80-85 per cent of the world CPD market, scope for further growth in diamond exports is limited. Hence, if India's gems and jewellery sector is to substantially increase exports, the best bet lies in the jewellery sub-sector. Given the fact that the global market for stone-studded jewellery is expanding, there is scope for expansion in India’s diamond-studded jewellery exports as well.
Market authentic and quality jewelry, pottery and artifacts in the United States. To be the reputation and world-known South American and African artifact for collectors and fanciers. As an intermediate of transferring ancient culture and art to the world through tangible items. And for the reason to expand our market, we will emphasize on our target consumers interests, curiosity and self-satisfaction.
Around the world, values are expressed differently. Some people think that life is about the little things that make them happy. Others feel the opposite way and that expenses are the way to live. In Guy de Maupassant’s short story, “The Necklace”, he develops a character, Madame Loisel, who illustrates her different style of assessments. Madame Loisel, a beautiful woman, lives in a wonderful home with all the necessary supplies needed to live. However, she is very unhappy with her life. She feels she deserves a much more expensive and materialistic life than what she has. After pitying herself for not being the richest of her friends, she goes out and borrows a beautiful necklace from an ally. But as she misplaces the closest thing she has to the life she dreams of and not telling her friend about the mishap, she could have set herself aside from ten years of work. Through many literary devices, de Maupassant sends a message to value less substance articles so life can be spent wisely.
Guy de Maupassant’s “The Jewelry” teaches that people often choose to ignore the perceptions we have in the fear that the reality will hurt us. M. Lantin chooses to see his wife’s good deeds only because she is the main source of his happiness. It is until he is revealed to her shady character that he is subjected to face reality and made to feel pain. Madame Lantin presents herself very well in front of the public but keeps secrets even from her own husband, and this was very common for women in the 19th century when this story is set. The veneer of cosmopolitan behavior expected from females in French society leads to and justifies the blatant dishonesty, the acceptance
The value of diamonds lies in their physical properties that make them suitable for many applications. Natural diamonds are only of high value if they are scarce in nature. Realizing this, De Beers Consolidated Mines was formed to control the supply of diamonds from mines across the world. The diamond market is influenced by mine production, rough diamond distribution, preparation/cutting, and retail markets. The project will be focused on the retail markets for diamonds and other high-end jewelry.