‘Jade Lady’ Mimi Ou Yang To Receive JNA Lifetime Achievement Award

Mimi Ou Yang

Jewellery News Asia has announced that Professor Mimi Ou Yang—affectionately known as “The Jade Lady”—will be honored with the prestigious Lifetime Achievement Award at the fourth annual JNA Awards. Ou Yang is an internationally renowned gemologist, mineralogist and jade expert who founded the Hong Kong Gems Laboratory and H.K. Institute of Gemmology.

“With her inquisitive mind, dedication and hard work, she has made the jadeite trade more transparent, promoted high ethical standards among industry practitioners, inspired consumer confidence, and contributed to cementing the jadeite sector’s status in the international market,” said Letitia Chow, chair of the JNA Awards Judging Panel. “Professor Ou Yang exemplifies the true values of what JNA Awards promotes.”

Since 1978, Ou Yang has devoted herself to the academic research of Fei Cui Jade. For years, she travelled to Myanmar’s mining areas, collecting and studying jade samples. In 1983, she was the first to discover a terrestrial source of Ureyite while doing her research on Burmese jadeite jade. This stood out as her proudest accomplishment. Her unprecedented discovery sent shockwaves through the field of mineralogy and firmly established her academic standing as a mineralogist.

In addition to her contributions to academic research, Ou Yang played a significant role in the development of the jadeite jade market. In the early 1980s, the emergence of artificially treated and dyed jadeite jade led Ou Yang to pioneer the classification system of Fei Cui Jade treatment (“A type,” “B type,” “C type” and “B+C type”) and introduce the earliest use of Infrared Spectroscopy for B Type jadeite jade identification. In addition, she proposed a systematic approach—4C2T1V principle—for quality evaluation of Fei Cui Jade, which is now commonly used by jewelry companies and auction houses.

Ou Yang has dedicated her life to spreading jade knowledge and promoting the status and recognition of Fei Cui Jade as a precious gemstone in the international market. Her accomplishments included creating the term “Fei Cui Jade,” which significantly improved the understanding of Fei Cui Jade and the trade’s reputation among consumers.

Ou Yang also is an educator who trained and nurtured countless numbers of jewelry talents through the development of a Fei Cui Jade program and her publications.

“It is my deepest honour to be the recipient of JNA’s Lifetime Achievement Award,” Ou Yang said. “The path to becoming a Fei Cui Jade scholar was not an easy one. I am thrilled to finally receive recognition from the industry following years of hard work and perseverance. This award, while giving me tremendous pleasure, also serves as an inspiration to all the other scholars to continually serve the industry with their professional knowledge and expertise.”

Ou Yang will receive the award during the the JNA Awards 2015 Ceremony and Gala Dinner, which will be held September 20, at the Regal Airport Hotel Hong Kong.

JNA Awards 2015 is led by Rio Tinto Diamonds and Chow Tai Fook as Headline Partners, with Diarough Group, Gübelin Group, Israel Diamond Institute Group of Companies, Shanghai Diamond Exchange, and Guangdong Land Holdings Limited as Honoured Partners. 

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Jewelry is Making a Comeback this Holiday Season

Jewelry has returned to many holiday wish lists, a sign that discretionary spending is back in vogue this holiday season, according to a just released survey.

A total of 23 percent of people surveyed will be asking for jewelry this holiday season, a 10 percent jump from last year’s 20.8 percent, according to the National Retail Federation’s 2010 Holiday Consumer Intentions and Actions Survey, conducted by BIGresearch.

Gift cards will remain the most requested holiday gift this year with 57 percent of people asking for plastic, followed by clothing (48.2%) and books (47.3%).

Overall, U.S. consumers plan to spend an average of $688.87 on holiday-related shopping, a slight rise from last year’s $681.83, according to the annual survey.

As in years past, most holiday gift-givers will spend the largest portion of their budget buying gifts for family ($393.55) and friends ($71.45), though they’ll still carve out room in their budget for small tokens of appreciation for both co-workers ($18.26) and others ($34.82). Total spending on gifts ($518.08) is expected to rise 2.1 percent from last year, which is in line with NRF says. Americans will also spend an average of $41.51 on decorations, $26.10 on greeting cards and postage, $86.32 on candy and food, and $16.86 on flowers.

“Consumers will still shop with the economy in the back of their minds, but we’re starting to see shoppers take baby steps toward a new normal,” said, Matthew Shay, NRF president and CEO. “As Americans open up their wallets for more discretionary gifts like jewelry or take advantage of sales to buy for themselves, retailers will begin to truly believe that the worst may be behind them.”

According to the survey, 61.7 percent of shoppers say the economy will impact their spending, down from last year’s 65.3 percent. Many shoppers say they will compensate by spending less (81.5%), comparison shopping online (30.9%) or with newspapers and circulars (28.1%), shopping for sales (54.1%) or using more coupons (40.6%). Although the economy continues to impact shoppers, a number of survey results indicate that shoppers may be ready to emerge from their shells this holiday season.

When asked which factor will be most important when shopping this holiday season, the majority of shoppers said that sales or price discounts (41.8%) or everyday low prices (12.7%) were most important. While those factors either declined or remained flat this year, two other categories rose in importance. The number of people who counted customer service as the most important factor rose from 4.4 percent last year to 5.3 percent this year, while shoppers who touted quality as the overriding factor rose from 11.8 percent to 12.7 percent.

“Price is paramount during any recession, but when the economy begins to recover other factors take on greater importance,” said Phil Rist, executive vice president, Strategic Initiatives, BIGresearch. “When shoppers consider other factors like customer service and quality in buying decisions, retailers have the ability to highlight a variety of other features to help their company stand out from the competition.”

Another sign that shoppers feel a bit of breathing room in their budget, the number of persons who say they will make a holiday purchase from a discounter dropped from 70.1 percent last year to 65.1 percent this year. Popular holiday shopping destinations will include department stores (54.5%), grocery stores (46.7%), the Internet (43.9%) and clothing stores (33.6%).

Americans aren’t only shifting where they’re shopping—how they’re shopping is changing, too. Mobile devices like iPhones and Androids are becoming more popular among consumers, and many shoppers plan to use these devices this holiday season to look for gift ideas, compare prices and find items in nearby stores. According to the survey, more than quarter of adults with a smartphone will use these devices to research or make holiday purchases, and that number jumps to 45 percent among young adults 18-24. Retailers are expected to take advantage of this trend by offering more robust mobile apps and Web sites, along with enhanced features like mobile reviews, to cater to Americans looking to shop from their phones.

Yet another hopeful indicator: the number of people who plan to take advantage of holiday sales to make non-gift purchases for themselves will rise 8 percent this year (52.9% in ’09 to 57.1% this year), with the average holiday shopper spending $107.50 on themselves, up from $101.37 last year.

Though the holiday season won’t kick off for many retailers until at least November 1, a sizeable number of shoppers are already planning ahead. According to the survey, 37.2 percent of Americans will begin holiday shopping by Halloween. Women are the most likely to begin shopping by the end of October (42.1%) while young adults 18-24 are among the least likely (27.7%).

NRF expects holiday sales to rise 2.3 percent to $447.1 billion.