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De Beers: diamonds are for Asia

Author: Probert, Jocelyn ; Schütte, HellmutINSEAD Area: Asian Business and Comparative ManagementPublisher: Fontainebleau : INSEAD Euro-Asia Centre (EAC) 1999.Language: EnglishDescription: 24 p.Type of document: INSEAD CaseAbstract: 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 womenPedagogical Objectives: 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 become 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.
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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 become 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.

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

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