Professional Documents
Culture Documents
Group-1
BIIB Marketing
Synopsis
• Diamond trading company subsidiary of De beers SA was successful to expand the sale
of diamonds by creating a buzz and reaching untapped niche consumers.
• In 2003 DTC with its advertising partner J. W. Walter Thompson introduced right hand
ring with a multimillion dollar campaign to change the perception of the buyers .
• The campaign was targeted for baby boomer women with household income more than
$100000 so that they can purchase a diamond ring for themselves as a way to express
their personal style.
• Campaign launch increased the awareness for the right hand ring and sale of diamond
ring in non bridal category increased.
Synopsis
• This marketing campaign was seeking to create the parallels between a diamond and
love. Diamonds were being pushed as the most romantic purchase a man could make for
his lover.
• De Beers’ venture into retail with LVMH formed part of an effort to transform itself from a
mining company into a luxury goods firm.
• Marketing plan included public relations, advertising, product placement in films and on,
stories and photographs of celebrities for inclusion in magazines and newspapers - all
targeted at a specific goal - the idea that diamonds were eternal, forever linked with
romance, emotionally valued, and a necessary luxury.
Q1.
• An emotional advertising appeal
• Women were urged to reconsider their attitudes on diamond rings. Women could not only
wear the rings to show their own style, but they could also purchase them instead of
waiting for a diamond as a sign of a man's love.
• The message was sent that Diamond rings were no longer solely for engagements and
weddings.
Q2.
• Association and Connection with the Customer
• slogan
Q4.
• Marketing campaigns are organized, strategized efforts to promote a specific company
goal, such as raising awareness of a new product or capturing customer feedback.
• They typically aim to reach consumers in a variety of ways and involve a combination of
media, including print advertising, television or radio advertising, and social media.
Eliminating the middlemen in diamond sales and gaining a lucrative market share in the
United States.
• As a result of the introduction of the Aurius diamond, diamond sales doubled than the
previous sale of diamond.
Q6.
• Cultural differences across nation.
• There was no tradition in Japan that required the gift of a diamond engagement ring.
• After the campaign launch Japanese tradition had been radically revised. Diamonds
became a staple of the Japanese marriage. Japan became the second largest market,
after the United States, for the sale of diamond engagement rings.
Q7.
• De Beers Product Strategy:
The range of diamonds offered by De Beers are High Jewelry, Jewelry with different
categories as such as rings, necklaces, pendants, earrings, bracelets watches, men, Bridal
Jewelry etc.
• Their rationale was that diamond purchases and ownership satisfy the complex human
needs of love, social belonging, self esteem and self-actualization.
• To promote the diamond as the ideal jewel, one that was emotional, socially significant,
and timeless.