Many retailers may recall that Bolt International, the unique distributor of the massively profitable Ice-Watch, first launched the brand to the Australian market in 2012. However, as a wholesale operation, the model was not successful and distribution was ceased a couple of years later. These have been included on this part of the State of the Industry report, consistent with Jeweller’s definition that brand-only stores could be owned and operated by the proprietor of the brand, or under licence by third parties.
- Around the identical time, ‘lower level’ manufacturers began moving to lab-created diamonds as consumer awareness increased.
- The first