Ayer & Son created one of the most recognized slogans of
the 20th century, A diamond is forever. Harry Oppenheimer of De Beers and Ayer president Gerold M. Lauck discussed a marketing campaign in 1938 that would change the falling price of diamonds at the time. The idea of engagement rings decorated with diamonds wasn't very popular in Europe, but interest in diamonds was high in the U.S. Because of this, Oppenheimer decided to promote the idea in the U.S. and told Lauck that, if Ayer's plan was successful, De Beers would have Ayer become the exclusive agency for its American interests. Ayer was motivated to propose that its campaign should move the American spending demographic towards larger and more expensive diamonds. To successfully achieve its goal, Ayer suggested a reinforcement of the relationship of diamonds with love and romance. This proved successful, as both men and women were caught in the relationship of diamonds being a gift of love. The slogan created for De Beers remained memorable for many years.[8]
Its hard to imagine a time when diamond engagement rings
were not the norm; today, even after a decade and a half of bad press about blood diamonds and working conditions in the mines, among other concerns, 75 percent of brides in the United States wear one, according to Kenneth Gassman, president of the Jewelry Industry Research Institute. Last year, Americans spent almost $7 billion on the rings. But in 1938, when a De Beers representative wrote to N. W. Ayer to inquire whether the use of propaganda in various forms might boost the sale of diamonds in the United States, their popularity had been on a downward trend, in part because of the Depression. N.W. Ayer conducted extensive surveys of consumer attitudes and found that most Americans thought diamonds were a luxury for the ultra-wealthy. Women wanted their men to spend money on a washing machine, or a new car, anything but an engagement ring, Ms. Gerety said in 1988. It was considered just absolutely money down the drain. Still, the agency set an ambitious goal: to create a situation where almost every person pledging marriage feels compelled to acquire a diamond engagement ring. Because De Beers controlled the world supply of rough diamonds, antitrust laws prohibited the company from doing
business in the United States. The ads could not promote De
Beers, or even show pictures of jewelry, so the agency commissioned bold paintings by artists like Andr Derain and purchased pre-existing works by Dal and Picasso. Sentiment is essential to your advertising, as it is to your product, it counseled De Beers in a memo, for the emotional connotation of the diamond is the one competitive advantage which no other product can claim or dispute. Ms. Geretys early copy sometimes bordered on the heavyhanded. A typical wartime ad read: Star of Hope: The engagement diamond on her finger is bright as a tear but not with sadness. Like her eyes it holds a promise of cool dawns together, of life grown rich and full and tranquil. Its lovely assurance shines through all the hours of waiting, to kindle with joy and precious meaning at the beginning of their new life to be. In the 1980s, the agency introduced a series of ads setting a new arbitrary but authoritative-seeming benchmark: Isnt two months salary a small price to pay for something that lasts forever?
Of course, kings and maharajas had made diamonds
desirable for centuries. The genius of what Gerety did was to fuse together the idea of swooning, everlasting love with a sparkly rock. According to psychologist Robert Passikoff, who runs the consultancy Brand Keys, people take certain signs of objects and imbue them with an unspoken meaningand thanks to De Beers, diamonds have come to be seen as a natural rarity, a precious embodiment of the marital pledge. In the early days, not all grooms (who make up 90 percent of diamond buyers) got it, and so the copy helped things along with lines like Your engagement diamond, with noble fire, reflects the greatness of your love. Eventually, the dudes glommed onand they havent forgotten. While both the 2011 ad and its 1957 forerunner
use beautiful diamonds as a thematic centerpiece, the
contemporary ad has dispensed with all explanatory copy. Over time, Passikoff says, consumers have a stronger perception of what the diamond represents, so you dont need the copy. The meaning has endured. Why screw with success? But the strongest proof of the efficacy of Diamonds Are Forever isnt measured in the endurance of the phrase, but its ability to cloud the heads of grooms-to-be (who drop an average of $3,200 on an engagement ring) with a sweet-smelling, fictional mist. Not only are diamonds not rare (De Beers holds back so much supply that if all the worlds diamonds were dumped onto the market, theyd be worth less than $30 each), but what they symbolize isnt forever, either. According to the National Center for Health Statistics 43 percent of new marriages will end in the first 10 years. So maybe diamonds arent foreverbut a good slogan sure is.
To make a giant income marketing to the affluent you
must erase your own deeply ingrained insistence at connecting price to worth and worth to function. On closer examination, this little story reveals even more. It shows two peoples' very different values, and why what I call "marketing to values" is so much more important and powerful than is the marketing of
products.
One of the biggest assets in a married couple's relationship, the
diamond engagement ring, might be an emotional asset and a
symbol of love and commitment -- but in the financial sense of the word, it isn't actually an asset at all. In fact, it's worth at least 50% less than you paid for it the moment you left the jewelry store. Makes you wince a little, doesn't it?more So, how do they get more people to buy big diamonds in a bad economy? They needed to figure out a way to link diamonds with something emotional. And because diamonds weren't worth much inherently, they also had to keep people from ever reselling them. What was emotional, socially valuable, and eternal? Love and marriage. Bingo. According to New York Times, N.W. Ayer's game plan was to "create a situation where almost every person pledging marriage feels compelled to acquire a diamond engagement ring." The concept of an engagement ring had existed since medieval times, but it had never been widely adopted. And before World War II, only 10% of engagement rings contained diamonds. With a carefully executed marketing strategy, N.W. Ayer could strengthen the tradition of engagement rings and transform public opinion about diamonds -- from precious stones to essential parts of courtship and marriage. Eventually, Ayer would convince young men that diamonds are the ultimate gift of love, and young women that they're an essential part of romantic relationships.