US Consumers Still Prefer In-Store To Online When Buying Diamonds, But Feeling Safe Is Key

LONDON, July 6, 2020 /PRNewswire/ -- More than 62 per cent of US consumers would prefer to buy diamond jewellery at a physical store over buying online, as long as the environment is considered safe, according to new research published today by De Beers Group in the second of its Diamond Insight 'Flash' Reports, which seek to highlight the evolving consumer perspective in light of COVID-19.

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Despite the pandemic, and the consequent growth in online diamond jewellery sales, consumers still prefer to shop in-store where they can receive expert advice and personal attention. This was the case even among digital-savvy Millennial and Gen-Z consumers, with 59% preferring the in-store experience.

The research, based on a survey of 500 adult Americans, also highlighted that safety in relation to health and hygiene is critical to ensuring consumers feel comfortable shopping in-store. Department stores were seen as the most trusted channel for ensuring appropriate safety measures by 39 per cent of consumers, while independent jewellers were considered the second most trusted, at 21 per cent.

When it came to specific safety measures, the three most important considerations for consumers were limiting the number of customers in the store (68%), providing hand sanitiser (66%) and ensuring staff wear face masks and gloves at all times (64%). Further down the list of priorities were cleaning each piece of jewellery after being handled (53%), requiring customers to wear face masks (48%) and having screens to separate customers and sales associates (42%). Only four per cent of consumers said they would feel comfortable shopping with no safety measures in place.

The report also includes a focus on retailer insights based on one-on-one interviews with jewellery retailers across the United States. This research highlighted a clear sense of optimism for the fourth quarter sales season; however, caution remained with regards to potential new outbreaks and the impact to consumer confidence as economic stimulus is wound up. It also highlighted that those retailers that have reopened following lockdown have experienced pent-up demand from consumers, driven by strong engagement ring sales, jewellery gifts being upgraded as an alternative to summer travel, and a stronger season than normal for graduation gifting.

Bruce Cleaver, CEO, De Beers Group, said: "While consumers increasingly desire a diamond acquisition journey that blends the digital and physical, when it comes to making purchases, they still prefer the personalisation of the in-store experience, despite the pandemic. Those retailers that are able to provide a safe and welcoming in-store environment for consumers in what is a strange and unsettling time will be best placed to benefit in the weeks and months ahead. It is heartening to hear initial reports of positive demand for diamond jewellery as consumers emerge from lockdown and the industry starts preparing for the important end of year sales season."

Notes to Editors
The Diamond Insight Flash Reports 1 and 2 are available to view here.

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About De Beers Group

Established in 1888, De Beers Group is the world's leading diamond company with expertise in the exploration, mining and marketing of diamonds. Together with its joint venture partners, De Beers Group employs more than 20,000 people across the diamond pipeline and is the world's largest diamond producer by value, with mining operations in Botswana, Canada, Namibia and South Africa. Innovation sits at the heart of the De Beers Group strategy as it develops its portfolio of brands, including De Beers Jewellers and Forevermark, and other pioneering solutions, such as recently launched diamond sourcing and traceability initiatives GemFair and Tracr. De Beers Group employees are committed to 'Building Forever,' a holistic and integrated approach for creating a better future – one that is fairer, safer, cleaner and healthier; where safety, human rights and ethical integrity continue to be paramount; and where communities thrive and the environment is protected. De Beers Group is a member of the Anglo American plc group. For further information, visit www.debeersgroup.com.

SOURCE De Beers Group

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