Subject category:
Marketing
Published by:
INSEAD
Length: 25 pages
Data source: Field research
Abstract
De Beers has been immensely successful in introducing diamonds to Asians, making three Asian countries, the second, third and fourth largest diamond markets in the world. But the Asian crisis and the entry into China, raise the fundamental question of whether De Beers' positioning of diamonds as symbols of love have ever been accepted by Asian women. De Beers imposed its global positioning successfully on Asia. In the dramatically changed environment of 1997/98 in the virgin territory China, the limits of this approach became apparent. The case demonstrates the intricacies of consumers' behaviour across countries and cultures, and the need for respecting differences when designing advertising campaigns for sensitive product categories.
Time period
The events covered by this case took place in 1998.Geographical setting
Region:
Asia
Featured company
De Beers
Industry:
Diamonds
About
Abstract
De Beers has been immensely successful in introducing diamonds to Asians, making three Asian countries, the second, third and fourth largest diamond markets in the world. But the Asian crisis and the entry into China, raise the fundamental question of whether De Beers' positioning of diamonds as symbols of love have ever been accepted by Asian women. De Beers imposed its global positioning successfully on Asia. In the dramatically changed environment of 1997/98 in the virgin territory China, the limits of this approach became apparent. The case demonstrates the intricacies of consumers' behaviour across countries and cultures, and the need for respecting differences when designing advertising campaigns for sensitive product categories.
Settings
Time period
The events covered by this case took place in 1998.Geographical setting
Region:
Asia
Featured company
De Beers
Industry:
Diamonds