Good news for the jewellery industry, and ways to capitalise on its resilience this holiday season
Though they certainly felt like hell to get through, lockdowns and the coronavirus global outbreak have generally had a positive effect on the jewellery trade. In early 2022, the personal luxury and diamond jewellery markets were reported to be showing a decade-high growth of 35% and 29% respectively. While part of this surge was attributed to the savings some salaried people had accumulated when lockdowns prevented leisure activities and travel, consumer behaviour overall has been fundamentally changed, with experience and emotion-based purchases rising in popularity.
CPM staff are dedicated to excellence, as evidenced by their Professional Skills Certificates
Three employees from our Gauteng branch and a CPM KZN team member were recently evaluated according to the Jewellery Council of South Africa’s Professional Technical Skills Test Guidelines. All four passed with flying colours, bringing our collective total company-wide to 43 Certificates!
Second-hand jewellery dealers: how to register with SAPS
PRESS RELEASE COURTESY OF THE JEWELLERY COUNCIL OF SOUTH AFRICA In terms of Section 2(1) of the Second-Hand Goods Act, 2009 (Act No. 6 of 2009), hereafter referred to as “the Act”, every person who carries on a business as a dealer must be registered. A “dealer” is defined as a person who carries on a business of dealing in second-hand goods and includes a scrap metal dealer and a pawnbroker.
Silver: Avoiding firescale and oxidation when working with heat & flame
Most of CPM’s clients will cut their teeth in the jewellery manufacturing trade by working with silver, and a great deal of these jewellers will opt to stick with this versatile, affordable and accessible material rather than branching out into the world of goldsmithing (and all the regulatory red tape associated with that precious metal). Soldering, annealing, and torchwork will form a major part of this craft, so it’s crucial to hone your skills so you can wield heat and flame with confidence.
Cape Precious Metals celebrates Mandela Day 2022
Our branches around the country commemorated Mandela Day in 2022 by volunteering their time to worthy organisations in each province that we operate from. Our staff were delighted to honour Madiba’s legacy through the below initiatives. CPM believes that charity should be practiced as a constant habit, not simply via a few minutes in July. To that end, we support a variety of causes independently of our Mandela Day efforts throughout the year. Sign up to our mailing list to receive updates on these as they develop, and to stay informed of current industry news and CPM specials.
How to comply with SARS Domestic Reverse Charge requirements on valuable metals – compulsory from 1 August 2022
ALL CPM SUPPLIERS & CUSTOMERS PLEASE URGENTLY NOTE THE FOLLOWING REGARDING DRC VAT RE-VALIDATION PROCEDURES AND CUSTOMER VAT REGISTRATION CERTIFICATES
Domestic Reverse Charge on valuable metals: a summary from CPM
On the 8th of June 2022, SARS gazetted a new VAT regulation whereby all valuable metal sales and purchases will be subject to domestic reverse charge.
Repel armed robbers with an innovative fog security system
Passive deterrents like CCTV and alarms are simply not enough to thwart criminals anymore. As the shocking frequency of crimes against South African jewellers continues unabated, more assertive approaches are needed. Fogging systems have proven to be extremely effective in forcing armed robbers to abort their attack, as the rapid deterioration of visibility and loss of control over the situation gives them no option but to flee.
Compile your Valuations correctly – issued by the Jewellery Council of South Africa
These guidelines are supplied directly from the JCSA:
Jewellery trends for Father’s Day 2022
Father’s Day has American roots, originating in Washington State in 1910 and is now celebrated around the globe on the third Sunday of June. Jewellery is becoming an increasingly popular gift option as men embrace its value in topping off everyday outfits, commemorating family ties and expressing their individual style and personality. As Vogue observed, there has “never been more jewellery on the men’s runways” than seen for SS2022, particularly in Hermès, Rick Owens, JW Anderson, Burberry and Dior’s presentations.