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Diamond World (DW) May - June 2020

Why Covid-19 will make people fall in love with diamonds all over again | Ban is good - Industry welcomes ban on rough imports | Hong Kong jewellery industry show mettle| An Irrevocable Loss - Arun R. Mehta, Rosy Blue Group

Why Covid-19 will make people fall in love with diamonds all over again | Ban is good - Industry welcomes ban on rough imports | Hong Kong jewellery industry show mettle| An Irrevocable Loss - Arun R. Mehta, Rosy Blue Group

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Personality<br />

When we<br />

come out of<br />

this pandemic<br />

– the world<br />

will be more<br />

disconnected,<br />

because of the<br />

norms of social<br />

distancing which<br />

have been forced<br />

upon the whole<br />

human race. In<br />

such a world –<br />

diamonds will<br />

help strengthen<br />

bonds and reestablish<br />

these connections<br />

Who exactly is the new target audience<br />

you are catering to through this new<br />

campaign?<br />

The younger audience we want to address is<br />

now connected globally. They’re all on digital<br />

platforms. They’re all on smartphones. I<br />

think over 80 percent of our traffic coming<br />

onto our platforms is on mobile. Although<br />

culturally they’re different in each market,<br />

the consumer is very much engaging in<br />

global content.<br />

So that’s what we’ve got to speak to them<br />

in. And they all have very similar values<br />

because they are all digesting the same<br />

content. They all want to know about<br />

naturality and sustainability. They want to<br />

know where things have come from. They<br />

all have an obsession with celebrities of the<br />

world. So, the world is getting smaller. And<br />

we think that diamonds play a major part in<br />

that world going forward.<br />

You spoke about celebrities -- is<br />

celebrity endorsement an option that<br />

you’re looking at?<br />

Celebrity endorsement is surely an option<br />

we’re looking at. It’s very important that<br />

these celebrities are able to tell our story.<br />

We aren’t a product brand. So we’re not<br />

showing off products<br />

specifically, which<br />

is typically how<br />

and why product<br />

placement doesn’t<br />

always workwith<br />

celebrities, because<br />

you’re showing a<br />

specific product.<br />

So for us, it’s much more than just about<br />

celebrities and it is about their ability to use<br />

their voice to talk about the values of our<br />

industry.<br />

In India, gold is part of our culture.<br />

The engagement diamond giving<br />

trend, though growing, is still not<br />

widely prevalent. What is your plan<br />

to make diamonds more popular in<br />

India?<br />

I have been to India only twice in my current<br />

role. The Indian market is fascinating.<br />

I was quickly trained in the impact gold<br />

hand in India. For me, diamonds present<br />

a new opportunity. Engagement doesn’t<br />

have the same importance in India, but<br />

as cultures around the world become<br />

connected with each other, there is an<br />

opportunity for engagement rings to grow<br />

in the future. It may not be the same size<br />

as other markets for sure but you can<br />

already see celebrities giving engagement<br />

rings, so that in itself is a sign.<br />

In ten years time, people in retrospect will<br />

feel amazed at the size of the engagement<br />

rings market. Also the connection<br />

between people that diamonds create<br />

is incredible. A diamond helps you<br />

celebrate a moment – a romantic moment,<br />

a gift for someone or marking the birth<br />

of a child – there is nothing else in the<br />

world that connects emotions, memories<br />

and moments like a diamond.<br />

When we come out of this pandemic – the<br />

world will be more disconnected, because<br />

of the norms of<br />

social distancing<br />

which have<br />

been forced<br />

upon the whole<br />

human race. In<br />

such a world –<br />

diamonds will<br />

help strengthen bonds and re-establish<br />

these connections.<br />

What are the budgets chalked out for<br />

the U.S. and Asian markets?<br />

We don’t talk budgets. We are fortunate<br />

to have great financing from our member<br />

companies and at this time of crisis they<br />

are committed to us. All I can say is, it’s a<br />

healthy budget, we are able to do great things<br />

with it – we are already seeing ten times<br />

more of traffic to our website as compared to<br />

what it was a couple of months ago and the<br />

engagement on our social media platforms<br />

has also increased by hundred times. We<br />

have the budget to make an impact and<br />

once we demonstrate that, we will continue<br />

to finance it well.<br />

It is an incredibly tough time for our<br />

industry all over the world. Yet, I believe<br />

in presenting an optimistic vision because<br />

I believe diamonds have a great future in<br />

the long term and they will come back in a<br />

healthy and positive way.<br />

80 | may-june <strong>2020</strong> | DiamonD WorlD

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