Trend forecasting

Want to be ahead of the game? Hear from a Trend Forecaster! 
Designers, mainly from the jewelry or fashion industry, need to be ahead of time to prepare for the upcoming market and meet the trends of the future. The prominent Italian luxury trends forecaster, Paola De Luca, spoke to the students of JK Diamonds Institute, during the lockdown, about the importance of studying the current market and developing strategies with the help of accumulated data; to predict future trends. And now this exclusive information is available to benefit you, for FREE!

How will you benefit?

  • Learn how forecasting works
  • Understand the pre & post-Covid market
  • Get inspired by exemplary designs 
  • Insights into the digital world of jewelry
  • Branding your jewelry business

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 CURRICULUM 

Module: 1 

What is Trend Forecasting?
The prominent Italian luxury trends forecaster, Paola De Luca, speaks about the importance of studying the current market, developing strategies with the help of accumulated data; in order to predict future trends and shift our focus and efforts in the right direction.

Module: 2

Covid’s Impact - The Good and the Bad News

The sad truth that accompanied Covid is the fact that the world had been in a state of recession. Consequently, it has snatched away the buying power from the hands of the consumer, which has led them to prioritise basic requirements over luxury self-care products.

At such a time, the jewelry industry could come to a standstill. However, Paola De Luca explains that in order to control this situation manufacturers must walk along the path of environmental and social awareness that Covid has brought along with it. “Less is more” and “Produce less and be more productive” are lessons to take away.

Module: 3

Adapting to the Business Vision
The trend of upcycling and recycling old jewelry to buy newer designs while being environmentally aware and embracing sustainability is expected to grow due to Covid. Paola spells out how designers are going beyond regional designs to cover global designs, as the world is adopting lifestyles which go beyond local cultures and traditions.

Module: 4

Branding in the Neo World
Paola De Luca puts forth her definition of Branding by stating that a brand is not just a name, it is a combination of values, business and ethics that are in line with the way the brand communicates and deals with its consumers and society at large. She believes that a brand is a new Religion.

Module: 5

Digital Dharma Part 1

Forecasting trends is not a product of crystal ball or horoscope, but a thorough study of historical data and change in patterns. Paola explains how they propose a plan for the future and the points they consider while initiating a design or plan. Factors such as changes in societal beliefs, people moving towards the spiritual way of life and the idea of self-expression are embedded into designs and jewelry.

Module: 6

Digital Dharma Part 2

Paola De Luca explains design directions by giving exemplary examples of designs that are inspired by things, situations, and beliefs around us, such as reconstruction and deconstruction of geometrical designs, colourful jewelry, language based jewelry that communicates a message, divinity and spirituality, nature and bygone beauty, royalty, technology and more.


Module: 7

How to study Trends

Paola talks about the methodology used by trend forecasters to help businesses grow. The way abstract information collected through data is transformed into practical parameters for businesses, such as pricing, manufacturing, etc. is explained. She also speaks about the importance of sharing one’s knowledge with others.

Module: 8

Natural v/s Synthetic Diamonds

The compatibility of natural and synthetic diamonds, and the scope of synthetic diamonds in the market have been touched upon. Paola believes that both of them have their own unique features and people must embrace a mix of both, instead of arguing over which one’s better. However, she states that it is important to separate the two types of diamonds and educate the consumers on what they’re buying.

Module: 9

Branding is an experience

Today, there are many businesses that sell products and services but very few brands are able to sell an experience to their customers. Real brands are experience creators. Paola makes us understand that not every manufacturer can be creative enough to communicate and build an experiential brand, therefore, it is important to collaborate and build a team. Because the audience loves a brand that speaks to them!

Module: 10

Digitizing Jewelry

It is noteworthy that millennials today are transforming and changing their buying habits. Unlike the olden days, where shoppers would go to a physical store and try on pieces and then make a purchase based on what looks good on them, today shopping majorly happens online. Therefore, Paola states that it is important to create an organised structure where shipping and logistics are taken care of, eventually taking care of the overall consumer experience.

Module: 11

Ethical and Sustainable Fashion

The earth is constantly busy sending us messages about how we’re causing destruction. Therefore, we need to slow down and consider designing with awareness and responsibility. Paola believes that stopping/ banning the use of certain products isn’t the solution because that would mean generating a bunch of skilled but unemployed people. Which in turn, leads to poverty and financial crisis. An alternative she suggests is being able to recycle and reuse materials, as and when possible. While doing so, we need to ‘be a part of the message’.

Module: 12

Impact of Gold on Luxury Retailers

Paola states that even in times of crisis, people’s desire to look good and feel good pertains. And therefore, people will buy gold. The difference will occur in terms of how precious their purchase might be, but they will still make a purchase.

Paola De Luca

Paola De Luca is an Italian luxury trends forecaster, best known for developing a Trend Book predicting global jewellery design trends, and began her career as a jewellery designer. De Luca is the founder of The Futurist Ltd, a research and creative intelligence company that carries out projects for clients in the global luxury sector.

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