How a storied Saudi jewelry brand is keeping its sparkle

The survival of the industry may depend on retailers, manufacturers as well as governments modernizing the business model. (AFP)
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Updated 16 November 2020

How a storied Saudi jewelry brand is keeping its sparkle

  • Farsi has moved with the times to adapt to changing tastes, technologies and business disruptions
  • Sales of luxury items including jewelry have been hit by the pandemic as consumers tighten their belts 

DUBAI: Jewelry has been a passion in Nasser Farsi’s family for over a century, says the 34-year-old Saudi from Jeddah, who is keeping the tradition alive. The family jewelry brand, Farsi, is among the Kingdom’s oldest.

First established by his great-grandfather Mohammed in 1907, the store handles every stage of the jewelry-crafting process, but with a distinctive local touch steeped in history.

“I am the fourth generation in the business after my grandfather and father worked as jewelers in Makkah and Jeddah,” Farsi told Arab News.

As technology has evolved and customer demands have changed, so too has Farsi been forced to move with the times. “Every business needs to adapt through the year,” he said. “So, whatever my father did in the 1970s — the best at the time — doesn’t apply today. And what I’m doing today won’t be applicable in the future.




Nasser Farsi

“Every generation needs to come in and add to whatever makes their business adapt to the current times — manufacturing, branding and the designs of the jewelry are very different to before.”

Farsi should know. He learned his craft through the family and studied under some of the best gemologists in the world.

After finishing school in Jeddah, he first traveled to the US to study finance in Arlington, Virginia, before pursuing a master’s in finance in Miami, Florida. “I wanted to have managerial skills to be both the jeweler and the one operating the business,” he said. “My father did his undergraduate in general commerce and his master’s in accounting as well.”

Soon after, Farsi graduated in gemology and jewelry design from the well-reputed Gemological Institute of America (GIA) school in Florence, Italy — at that time the largest gemology school in the world — before returning to Jeddah in 2012.

“My father had to let the practice grow on me. I had to pay for anything I wanted when I was younger by working in the shop,” he said. “He wanted to make the most out of my free time and I am glad he did — because it became a passion.”

Now that he has inherited the family business, Farsi is out to make his mark. Pearls were the mainstay of the brand in the early days, later growing to include diamonds. Finer metalwork techniques were adopted as technology improved, allowing the business to create the lighter and more delicate designs favored by customers today.

“What was impossible 10 years ago by hand is possible today, so it made everything lighter and easier for the consumer,” Farsi said. Heavier gold pieces in particular seem to be falling out of favor.




Pieces of Farsi’s jewelry

“People are more into change. They don’t want to get any long-term commitments when it comes to big sets. So, they go and invest their money in a top-notch diamond instead of a piece of jewelry they may not use in 10 years.”

Despite changes in taste and technique, Farsi has sought to maintain the spirit and the essence of traditional Arabian design — even launching his own Nasser Farsi collection in 2015, primarily aimed at the male jewelry market.

“It started as a hobby,” he said. “I turned Arabic calligraphy into jewelry pieces. I have some iconic designs that people can recognize, mainly men’s bracelets. I started designing for women as well, but being a man I wanted something that I could use and I found this gap in the market.”

Timelessness is important. “Jewelers are not salespeople,” Farsi said. “We care about the quality of the stones and the value of the piece, rather than push a simple design that may be worthless in a few years.”

Farsi therefore embraces a little of the old and the new — keeping the classics alive while exploring the creative space that change has opened up. Although the marketplace is fierce, he is impressed by some of the fresh new designers joining the industry.

“It’s beautiful to see a lot of young names coming up. In Saudi Arabia alone, there are tens of people in the business or who have their own lines. It’s also rarer to find a male jewelry designer than a jeweler.”




Pieces of Farsi’s jewelry

In such a competitive marketplace, it is certainly an advantage to have an older, trusted brand backing you up. That is why Farsi is impressed by the number of upstarts achieving success.

“When you say jewelry, people mainly think about the name, the quality and the reliability of whoever they are working with,” Farsi said. “So, to come up with a name and start and make it is something to be proud of. There are a lot of people coming up and they’re making it. It can be quite challenging in the first few years, but they’re making it.”

Luxury items are by definition non-essentials, meaning the jewelry industry’s vitality is to a large extent dependent on purchasing power. Retail-industry research drawn from around the globe suggests customers are becoming more cautious with their spending — a change that retailers themselves must adapt to. Add the COVID-19 pandemic to the mix and the picture gets muddier still.

Lockdown measures forced stores across Saudi Arabia to close temporarily, including Farsi’s branches in Jeddah and Makkah. Besides, with wedding celebrations called off, fewer bridal jewelry pieces are being sold. The crisis has called the jewelry industry’s longevity into question.

“There aren’t as many weddings anymore, so the whole dynamic is fluctuating,” Farsi said. “It’s still not stable, but we are prepared for the worst and working for the best. I do hope I will pass this onto my children.”

There is also limited data available for a detailed industry health check. “Jewelry is an industry that’s barely been tapped into, but it’s taking a big share of cumulative retail reports,” Farsi said. “You don’t see as many detailed or specified reports in the jewelry industry, especially in Saudi Arabia or the Middle East.




Pieces of Farsi’s jewelry

“It’s mainly run in an old-fashioned way in most of the shops. It’s not just in the Kingdom, it’s everywhere. It’s very hard to get information from jewelers.”

The survival of the industry may therefore depend on retailers, manufacturers and governments communicating better — modernizing the business model, sharing expertise, determining best practices and creating regulations collectively.

“We are in continuous meetings with colleagues to try to figure out ways to boost business again around the area and in Saudi Arabia specifically. Everyone is really working hard to implement a change,” Farsi said.

If the industry’s problems are not addressed soon, Gulf countries risk losing a distinctive part of its precious heritage. Fortunately, people like Farsi refuse to let that happen.

“A lot of people in many different fields are working on keeping the culture and the language alive, from artists in the art scene, fashion and jewelry designers, and the whole young generation,” he told Arab News.

“There is this very big hype around putting the culture out there to the world, especially as Saudi Arabia is opening up to the world. There is a pride that everyone has to show the rest of the world.”

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Twitter: @CalineMalek

 

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Sheikh Hamdan leads the way as cyclists get freedom of Dubai

Updated 20 November 2020

Sheikh Hamdan leads the way as cyclists get freedom of Dubai

  • Crown Prince said high participation in Dubai Ride 2020 reflected growing awareness about the importance of fitness and the benefits of sporting activities
  • 14km Sheikh Zayed Road route offered exhilarating experience of cycling among Dubai’s iconic landmarks including Emirates Towers, The Museum of the Future, and the DWTC

DUBAI: A section of Dubai’s main artery, the Sheikh Zayed Road, was transformed into a 14km cycling track for the very first time as part of Dubai Fitness Challenge 2020. More than 20,000 cyclists participated in the inaugural Dubai Ride 2020, marking a new milestone in their fitness journey.

Spearheaded by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and Chairman of The Executive Council of Dubai, the event saw cyclists hitting the roads as early as 5:00 am, embarking on two routes in the heart of the city — a 14km loop on Sheikh Zayed Road and a 4km family route around Sheikh Mohammed bin Rashid Boulevard.

The Crown Prince praised the exceptional community response, saying the high participation reflects growing awareness about the importance of fitness and the benefits of integrating sporting activities into one’s lifestyle. Sheikh Hamdan encouraged the community to explore simple ways to incorporate fitness activities into their daily routines, so that we can enhance our health, wellbeing and happiness. Sheikh Hamdan bin Mohammed expressed his appreciation for the efforts of the organizers, the support extended by stakeholders and the enthusiasm shown by participants, which combined to make the event a success.

Cycling enthusiasts were excited to ride the 14km Sheikh Zayed Road route with both directions of the highway opened exclusively for cyclists. International athletes, as well as the city’s leading cycling clubs and communities, joined the riders for a once-in-a-lifetime experience of cycling around Dubai’s iconic landmarks including Emirates Towers, The Museum of the Future, and the Dubai World Trade Center (DWTC).


Families and children as young as five enjoyed the 4km bike ride around Souk Al Bahar, Dubai Opera, The Dubai Fountain and Burj Khalifa. The event also featured high participation from people of determination, who joined the cycling tour around Sheikh Mohammed bin Rashid Boulevard.

The local stakeholder network extended overwhelming support to the Dubai Ride event, with public and private sectors rallying to contribute to realizing the city’s vision to embrace a healthier lifestyle. Government organizations, as well as schools and educational institutions joined participants in a socially distanced setting, testament to Dubai’s commitment to creating a safe environment for people to be physically active.

Dubai Ride was organized by Dubai Tourism and Dubai Sports Council; with presenting partner DP World; association partners Emirates NBD, Etisalat and Mai Dubai; official partners Arabian Radio Network (ARN), Daman, EMAAR, Shield ME and Talabat; and government partners Event Security Committee, Dubai Health Authority (DHA), Dubai Knowledge and Human Development Authority (KHDA), Dubai Police, Ministry of Education and Roads & Transport Authority (RTA).

Dubai Fitness Challenge 2020 will continue until November 28. For more information on all events and activities, please visit www.dubaifitnesschallenge.com

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