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Integrated Marketing Communications Project, Spring 2010
Citation preview
A Campaign for Awareness
Patricia ArenasAnu BattogtokhFai Charoonsri
Shirley HoDuygu Hostan
Katharina Ruland
IMC Project – Spring 2010
Laboratory-grown Originally manufactured for industrial
purposes Gem-quality technology developed by
Soviet scientists Characteristics:
Optically, physically, and chemically identical to natural diamonds
The 4 C’s: Clarity, Color, Cut, and Carat weight
De Beers – 50% of the market share
Diamond mines: South Africa, Canada
Price reflects diamond’s rarity – FALSE
Price is arbitrary
Demand of diamonds
Controlled by De Beers
Cultured diamonds manufacturers:
Gemesis Cultured Diamonds
Apollo Diamond
Chatham Created Gems
Lucent Diamonds
New Age Diamond
Issue: Lack of Awareness
“The typical consumer has a tough time grasping the concept of a man-made diamond”
“The stones are for the more sophisticated clients who are not enamored with the fact that stones must come out of the ground”
1-Cultured Diamond
Authorized Retailers
Wholesale Distributors
Michael Drechsler Jewelry Ltd.
On-line Distributors
Jewelnet.com
Supply Chain: Creation Detection Terminology Disclosure Information for Retailers Information for Customers
www.cultureddiamondfoundation.org Created in 2006 Established to ensure the highest
standards prevail within the cultured diamond industry
International foundation Members – representatives of all the
different elements of the supply chain
Marketing Campaign
Goal:
Increase awareness by 30% within 1.5 years
Benchmark:
Current level of awareness was assessed through an incentive-based survey in December 2009
Results:
55% - cultured diamond awareness
March ‘10baselineidentified
Final assessmentAugust ‘11
October ‘10PR campaign launched
June ‘11Gala
Target Markets researchApril ‘10
June ‘10advertisingcampaign launched
awareness assessment #1
August ‘10
awareness assessment #1April ‘11
awareness assessment #2November ‘10
awareness assessment #3
February ‘11
March ‘10“buzz” campaign launched
December ‘10PR for Galalaunched
Gala Feb 2010
May 2010
August 2010
Nov 2010
Feb 2011
May 2011
Aug 2011
Benchmarking
PR (Marketing)
Advertising (Marketing)
“Buzz”(Marketing)
Target Market Research
Awareness Assessment
**
Women
Needs: quality diamonds
Psychographics: Price conscious
Ethically conscious
Environmentally conscious
Distributors
Influence the end-users to buy cultured diamonds
Create awareness of cultured diamonds among the target markets
Characteristics of cultured diamonds
Affordability
Eco-friendliness
Quality – identical to natural diamonds
Generate awareness through Cultured Diamond Foundation
“Cultured diamonds exist!”
“These are better, more humane, alternatives to natural diamonds
“Cultured diamonds are less expensive, but are of equal quality”
Words/phrases
Knowledge
Awareness
Understanding
“Have you heard...?”
“Have you seen…?”
“Let me tell you about…”
“Did you know…?”
Quality
“Luxurious”
“Guilt-free”
“Diamonds with a conscience”
“Affordable”
“Special”
Environmental and Social Benefits
“Eco-friendly”
“Harmless”
“Anti-exploitation”
“Socially conscious”
Media
TV Ads
Online Ads
Print Ads
o Vanity Fair
o Modern Brides
o Gems & Gemology
Press Releases Information about cultured
diamonds and their manfacturing process
Activities of the Cultured Diamond Foundation New breakthroughs in diamond
technology Contributions to non-profits and
charities
Empirical study
Featured in newspaper articles
Enclose summary to educate consumers/ distributors about the differences between cultured diamonds and natural diamonds
Articles
Articles featuring well-known figures advocating the use of cultured diamonds.
Articles featured in magazines advocating the eco-friendliness of cultured diamonds.
Featured articles in bridal
magazines on how to be an
eco-friendly bride
Goals
Develop cultured diamond as the thought leader of eco-friendly and socially-conscious jewelry
Connect with target markets based on lifestyles
Ethically conscious consumers
Supporters of humanitarian causes
Cause
Improve quality of life in Africa
Fundraising Gala benefiting US Doctors for Africa
Hosted by Cultured Diamond Foundation
Funded by CDF members
Manufacturers
Distributors
Retailers
Specially selectedguests
Activities “Frost Yourself” (i.e. How to Lose a Guy in 10 Days)
Silent auction/raffle Presentation by CDF President on
cultured diamonds Honor outstanding doctors from USDFA
Statement of acknowledgement from Director of USDFA
Goal
Build relationship with our target markets
Connect with target markets based on psychographic
Connect cultured diamonds with target markets’ favorite products
Events
Glamorous
Related to environment
Events
Awards Shows
o “Top Celebrities Get Eco-Chic with Cultured Diamonds at Hollywood Breakthrough Awards”
Movies (product placement)
Monthly Fashion Magazine Events
o Special Events of Elle, Elele, Vogue..etc.
Environmental Magazine
Trade shows
Goal Educate the consumers about cultured
diamonds and their benefits Preference over natural diamonds Stimulate purchase
In-store consultation Personal Selling Leads
Press Releases Gemologist Evaluation Certification
Pushing – for middlemen Tradeshows
Training materials (merchandising aids)
Allowances/rebate
Pulling - consumers Sweepstakes/Contest
Catalogs
Database
Retrieved through:
Targets customers who advocate humanitarian efforts, ie. US Doctors for Africa
Targeted at the primary target markets: young women as well as distributors
Design attracts attention of target group leading to consideration and positive responses
Mailing fromcause organizat-ion of interest Anne
Gemisis1999 Diamond CoveDiamond City
This diamond has a secret to tell…
Cultured Diamond Foundation is now on Facebook and Twitter
Cultured Diamond Foundation is now on Facebook and Twitter
http://www.cultureddiamondfoundation.com/
Information on:
Cultured diamonds and their production
Foundation andmission
News and further links
Publicized by:
Letters/informational brochures
Blogs, search engines and other websites
Linking it to authorized Jewlers’ websites
Advertisements
Sales promotions
Included within:
PR articles
Advertisements
Sponsored organizations’ websites
Personal selling presentations/merchandising aids
Direct marketing
Gala PR and Advertising: Publicize the event
Sponsorship: Mention Gala at sponsorship events/on sponsorship products
Direct marketing: Sending informational materials/catelogs to attendees
Sales Promotion: Encourage distrubutors carry cultured diamonds
Personal selling: Presenting cultured diamond
E-communications: Highlighting website