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