TheStreet.Com: How the Diamond Industry Is Attracting Millennials
Just like every other retailer, diamond companies are also having to take a close look at their online presences and their sustainability.
Debbie Azar, president and co-founder of Gemological Science International, sat down with TheStreet to discuss the diamond industry.
She covered how the retail market for diamonds has changed, how companies are using influencers to promote their products and why such a high number of millennials are buying diamonds.
So, how are retailers appealing to the younger generations?
“Retailers are going through omnichannel approaches and coming up with new and innovative ways of selling diamonds and marketing diamonds to, whether it’s millennials or Gen Xers.
They’re really stepping up their game. They’re offering different kinds of product that’s more, um, consumer-focused or more generation based. You know, a lot of, a lot of consumers today want to know where their diamonds came from.”
“So at GSI, we were actually one of the first laboratories to offer a mines-to-market report that tells you where your diamond came from and all about the diamonds entire journey from the mine all the way to the market,” said Azar.
Previously published at TheStreet.com
About The Author
Debbie Azar is the Co-Founder and President of Gemological Science International (GSI), one of the largest gemological organizations in the world, and a distinguished leader in the global diamond and jewelry industry. As an executive with extensive knowledge of the jewelry and gem lab industries, her entrepreneurial skills and vision have helped GSI achieve rapid and continuous growth worldwide, establishing 13 leading-edge gemological facilities on four continents. She currently serves on the boards of the Jewelers Vigilance Committee, Responsible Jewellery Council, and Jewelers for Children, and is a member of the 24 Karat Club of New York. She has been featured in Forbes, Daily Mail, Good Morning America, Bloomberg, Bloomberg Businessweek, Fox Business, Fox5, CBS2, BOLDTV, Varney&Co, The Street, and NASDAQ, among others.