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

17.07.2020 Views

Cover Story Why the demand for diamonds will still be relevant? Diamonds will continue to light up people’s lives with its sparkle and here’s why As long as love and happiness remain key to people, diamonds will stay relevant. No pandemic can bring down the allure of diamonds. With weddings being downsized world over, people saving from not spending on vacations and other avenues of entertainment, more money can be spent on buying diamond jewellery. It is up to the industry as to how they can win back their rightful market share says Vijetha Rangabashyam 66 | may-june 2020 | DiamonD WorlD

Cover Story The very first day Mumbai-based jeweller Anmol opened its store, the owner got a call from a celebrity client. She wanted to purchase diamond jewellery to gift to a friend on her birthday. After short listing two pieces over a video call, she asked to send both pieces to her residence, to pick one. She ended up buying both pieces of jewellery, one for herself and one for her friend. Diamond as a product speaks for itself. If a client makes an emotional connect with a piece of diamond jewellery, she may even exceed her budget by a few lakhs, rather than not buying a piece at all. So, we as an industry have an undue advantage of dealing with this beautiful, precious, rare and natural gemstone, which is a miracle. But are we doing enough to promote it? There needs to be a concerted effort by the industry to win back people’s trust and faith in diamonds. The truth is, the industry is in dire need for a strong, exhaustive campaign that promotes diamond jewellery, not just as an emotional asset but also as a financial asset. DiamonD WorlD | may-june 2020 | 67

Cover Story<br />

The very first day Mumbai-based jeweller Anmol opened<br />

its store, the owner got a call from a celebrity client. She<br />

wanted to purchase diamond jewellery to gift to a friend on<br />

her birthday. After short listing two pieces over a video call, she<br />

asked to send both pieces to her residence, to pick one. She ended<br />

up buying both pieces of jewellery, one for herself and one for her<br />

friend. <strong>Diamond</strong> as a product speaks for itself. If a client makes an<br />

emotional connect with a piece of diamond jewellery, she may even<br />

exceed her budget by a few lakhs, rather than not buying a piece<br />

at all. So, we as an industry have an undue advantage of dealing<br />

with this beautiful, precious, rare and natural gemstone, which is<br />

a miracle. But are we doing enough to promote it? There needs<br />

to be a concerted effort by the industry to win back people’s<br />

trust and faith in diamonds. The truth is, the industry<br />

is in dire need for a strong, exhaustive campaign<br />

that promotes diamond jewellery, not just as an<br />

emotional asset but also as a financial asset.<br />

DiamonD WorlD | may-june <strong>2020</strong> | 67

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