Title: The Customer Wants to Know Transparency
1The Customer Wants to KnowTransparency
theNew World of DiamondsMr. Amihai Zivan
SussholzYEI- Yahalomei Espeka International Ltd.
2YEI at a Glance
- Founded in 1969
- Sightholder since 1993
- Serves hundreds of clients from 6 offices in
major worldwide diamond centers - Specializes in fine-make small round diamonds
under 1ct - Capable of catering to very specific client
requests (special sizes) - Over 2,600 employees in two manufacturing
facilities - State-of-the-art production facility in Panyu,
China
3Luxury Jewelry - Raising Standards
- THEY WANT MORE!
- More services
- More partnership particularly in product
development and marketing - More flexibility
- More attentive to make
- More careful about quality - end-customer is more
informed
Luxury jewelry manufacturers want more
professional partners who provide transparency
and real added value
4Expectations
CUT
CUT
SUPPLY
VALUE
Sorting and ease- of-ordering
Inventory / Availability
Fine-make diamonds (or other specialty)
Partnership via joint marketing initiatives
Conveniently located offices
Efficient, ethical sourcing
5How it Works _at_ YEI
Value Pre-sorted product and easy ordering as
well as joint marketing programs and other
value-added services.
Cut Highest standards for fine-make production.
Supply Customers have what they want available
when and where they need it.
Professionalism Have attained and exceeded
industry standards for production and ethical
practices (BPP, ISO).
6Cut
- Maintain high-quality rough sourcing capabilities
(located in Israel). - Sightholder status enhances customer confidence
in the product. - Excellent reputation for fine-quality make backed
up by experienced, well-trained staff and
top-notch facilities.
7Supply - Sorting
For both large and small clients, pre-sorted
product helps clients save time and money.
- Over 2000 assortments available.
- Customers can purchase specific sizes and not
only parcels.
8Supply Inventory/Availability
Having a large inventory means the customer
doesnt need to maintain one.
- Each of over 2,000 items are stored
independently. - Online Harmony stock system allows customers to
know exactly whats available. - Worldwide offices to reduce time for
communication - /delivery
9Value - Ease-of-Ordering
- Clear Code - YEIs proprietary coding system
- Developed as The Espeka Language and upgraded
over the years. - Order precisely the stones they need, with no
leftovers and no bulk packages. - Simplifies ordering and especially reordering
10Value - Partnership
- YEI has developed joint marketing initiatives
with both U.S. and Asian jewellery manufacturers
- PERFECTLY MATCHED DIAMONDS
- Identically-cut fine-make stones manufactured
by YEI. - Jewelry created by retailer
- Marketing Advertising - developed jointly
- Support includes advertising,
in-store materials and staff training
11Value - Partnership (cont.)
- Establishing clear objectives and goals (which
each side needs to consider and agree upon) - Expectations, milestones for success, etc
- Understanding the local market and consumer
- Choosing the right communications approach
- Maintaining consistency (over time/geography)
12Professionalism
- Excellent reputation for fine-make diamonds
- State-of-the-art China manufacturing complex
excellent evaluation in annual BPP review - Exceed industry standards so clients can be more
confident in product - ISO 9001 certification achieved in early 2008
13Who Wins?
Clients Better service, lower costs
YEI Satisfied customers
Industry Progressive practices become the norm
14- Leading the way to the
- New World of Diamonds