STRATEGY 企业策略 JNA November/December 2024 | 27 “We have decided to be where the consumer is – in retail.” – De Beers Brands CEO Sandrine Conseiller “Signet proprietary data indicates that more than 2.5 million people will get married this year and the year to come. These are not only the traditional couples but also Hispanic, African-American and LGBTQ+ couples. These communities are even more likely to get married this year than the classic ones,” Conseiller explained. “The campaign is tailored specifically to appeal to these couples and make them choose natural diamonds for their engagement.” In addition, De Beers has trained 80 per cent of Signet’s 22,000 jewellery counsellors to sell natural diamonds to consumers more effectively. It will also adapt the insights developed for the Signet campaign for a beyond-bridal version for independent jewellers in the US. Indian opportunities Fuelled by a vibrant economy and a growing middle class, India is now the second biggest diamond market, representing 11 per cent of global demand. De Beers intends to improve diamond acquisition rates there, drive sales of bigger diamonds in a market still largely focused on pointers and increase public familiarity with natural diamonds. To do so, it has partnered with jewellery retail giant Tanishq to connect more Indian consumers with the rarity and value of natural diamonds and unlock growth opportunities in the largely untapped market. De Beers will train Tanishq’s retail staff and launch a marketing campaign to build awareness and expand the customer base in the country, including first-time buyers. Also supporting De Beers’ efforts is its Forevermark jewellery brand, which is being pivoted to exclusively serve the Indian market. The brand’s first flagship store will open in Delhi in the beginning of 2025. Conseiller said, “There is an opportunity in India to have an international brand with an Indian feel. We will focus on self-purchase and educate consumers to buy diamonds more often and opt for bigger diamonds as well.” Chinese momentum And despite China’s market slump, the diamond trade remains committed to nurturing it back to health. Initiatives of De Beers and its retail partner Chow Tai Fook revolve around tapping the self-purchase market through influencer marketing and social media. “The new generation is social. We found that in the social space, LGDs had a greater presence than natural diamonds. This is an issue since social media is where the new generation will get familiar with natural diamonds,” said Conseiller. De Beers and Chow Tai Fook are therefore conducting an unbranded category marketing campaign relying on influencers to espouse the values of natural diamonds. Over 200 influencers were given the attributes of natural diamonds – enduring value, emotional elements, positive impact, among others – which they highlighted in their posts in a more organic fashion, making them more relatable to their followers. At a forum organised by the Diamond Federation of Hong Kong (DFHK) during the September Fair in Hong Kong, Chow Tai Fook Managing Director Kent Wong underscored the importance of marketing and product innovation in making natural diamonds more attractive to younger generations. “Our campaign with De Beers helps reposition diamonds in the market, moving from weddings to selfpurchase. Through different scenarios such as chatting among friends or individual declarations, the social content highlights that consumers can buy diamonds for themselves,” he explained. Designs can also be adjusted to enhance diamonds’ aesthetic appeal in China. Wong remarked, “Consumers are still interested in diamonds but want more affordable options. Diamonds can be added to gold jewellery, which presently moves well. Alternatively, smaller diamonds or platinum settings can help keep prices reasonable.” Moreover, diamond jewellery designs have evolved from earlier Western concepts to more Oriental elements, making them more popular in the market, he added. Retail focus The Natural Diamond Council (NDC) is likewise banking on retailers to bring its message of “Real. Rare. Responsible.” to consumers. “Our campaigns focus on these key values of natural diamonds, which make them truly unique. These are also the three values that are most important to consumers,” said David Kellie, CEO of NDC, at the DFHK forum. NDC’s retail partners will share this message in more than 11,500 stores in over 500 cities around the world throughout 2025, he continued. The council also prepared a new Provenance Story, focusing this time on the Northwest Territories of Canada. Botswana is the subject of the current campaign. Likewise debuting next year is a new diamond jewellery campaign featuring its brand ambassador, actress Lily James. NDC has formed the Natural Diamond Club as well, which brings together multiple retailers to strengthen collaboration in key markets. Its first retail partnership was signed three years ago with Chow Tai Fook.
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