Atelier Technology, the enterprise jewelry network, today announced that it has secured an undisclosed investment from a consortium of the world’s leading jewelers, led by Swarovski and Chow Tai Fook.
Atelier Technology is a comprehensive digital solution which reduces sourcing and product development time by up to 80%. As a result, buyers and designers can dedicate more time to the creative process necessary to bring exponentially more products to market, faster than ever before.
Dominic Hill, Founder and CEO of Atelier Technology explains: “The entire industry will agree that today we need to bring many more styles to market than yesterday, just to reach the same turnover. Simply put, everybody is doing more work and earning less profit. We built Atelier as a solution to this problem: a comprehensive digital platform that connects the supply chain, eliminating unnecessary administration, and empowering the jewelry industry to adapt to the demands of the 21st century consumer.
Markus Langes-Swarovski, Member of the Swarovski Executive Board, added: “We strongly believe entrepreneurs will contribute to shaping the future digital ecosystems of our industry which is why we have chosen to back Atelier Technology in their venture.”
Mr. Bobby Liu Chun-Wai, Executive Director of Chow Tai Fook Jewellery Group, said: “As a strategic investor in Atelier Technology, we believe the digital supply chain solution helps provide greater visibility of sourcing for jewelry companies and adapts their businesses for the modern economy.”
Dominic revealed: “We shared a vision with our investors that disruption in this complex sector should come from within: Atelier is the solution for the industry, by the industry.”
