Forevermark presents its first Virtual Forum in India

Staying true to the resilience and purpose that diamonds reflect in their sparkle through all odds, including the ongoing pandemic, Forevermark – the diamond brand from De Beers Group – honoured its commitment to its partners by proceeding with its annual Forevermark Forum. For the first time since its inception, the brand hosted the Forum virtually, harnessing the theme ‘Meaningful Tomorrows’ for its authorised partners, jewellers, diamantaires and manufacturers from across the globe.

The ninth edition of the Forum, which was held from 18 – 20 August 2020, provided a platform for Forevermark to equip its partners with the newest retail innovations, latest technologies and consumer insights to help them optimise their business and stay ahead of the consumer curve. As 2020 marks the beginning of a new decade, the theme ‘Meaningful Tomorrows’ is aimed at helping the brand and its partners imbibe learnings and lay down new practices. These efforts are aimed at paving the way for a more meaningful world that prioritises the current consumer’s sentiment and embraces conscious luxury.

“I welcome all our partners to Forevermark’s first virtual Forum in India, a feat of true innovation and creativity. The Forum’s theme, Meaningful Tomorrows, is particularly relevant in the current environment, where the pandemic has reinforced the importance of our personal relationships and the role diamonds can play as we all look forward to a brighter tomorrow. It has been and remains an extraordinary time, but change can also bring opportunities. Forevermark is a brand with a strong social purpose, with a focus on intrinsic and lasting value - traits which we know are of fundamental importance in inspiring a meaningful tomorrow for our consumers.” stated Stephen Lussier, Forevermark Chairman and Executive Vice-President, Consumer and Brands, De Beers Group.

To further encourage growth and better understand the Indian consumer, Forevermark also shared the results of an in-depth piece of research that the company had undertaken to understand current consumer sentiment. The report revealed that while Indian consumers remained cautious of how they are spending, their appreciation for diamonds remains very strong. It also showed that since jewellery is woven into the fabric and rituals of festivity and celebration, it is highly prioritised amongst luxury spending categories, and acquiring diamonds for gifting or for self-purchase remains a top preference for young women. The report stated that the market is improving, and people have embraced living in the new normal. Another positive statistic shared was that online consumption is at an all-time high, reinforcing the importance of Forevermark’s e-tail proposition for consumers.

Speaking about the brand and its growth in India, Nancy Liu, CEO, Forevermark said, “We all recognise that it has been an incredibly challenging start to the year. Forevermark is responding to these challenges by drawing on the latest consumer insights and our unique brand strengths as we prepare for the re-emergence of strong demand as lockdowns ease and retail environments re-open. In India in particular, we have seen phenomenal success over the past few years, and we look forward to a strong return to growth in 2021.”