Creating Scarcity From Abundance: The Diamond Engagement Ring

Somewhere in the United States right now a man is walking into a jewelry store to buy a diamond engagement ring for his girlfriend. His fingers nervously tap the glass display counter as the jeweler brings out a tray of rings for him to choose from. He picks a ring that he is sure his intended is going to love when he proposes and then proceeds to write a check for an amount that could have easily been confused with a down payment on a new car and leaves. In the future, he will present this purchase tp her and say the four words that will change both of their lives forever, “will you marry me?” What this man has probably not considered is why he is proposing with a diamond engagement ring in the first place. 

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. It is hard to believe that it has been less than a century since the diamond became the symbol of wealth, power, and romance they are in America today — and this can all be accredited to a groundbreaking multifaceted marketing strategy executed by advertising agency N.W. Ayer in the early 1900s for their client, De Beers. This campaign was known for the fact that it used marketing and advertising to create and manipulate demand for diamonds from nothing. 

When initially brought on by De Beers, N.W. Ayer was tasked with the responsibility of determining what American’s perceptions of diamonds were at the time. What they found was that diamonds were considered a luxury reserved only for the wealthy and that Americans were spending their money on other things like cars and appliances. 

To sell more and bigger diamonds, Ayer would have to market to consumers at varying income levels. Seeing as diamonds weren’t worth much inherently, N.W. Ayer needed to figure out a way to link diamonds with something emotional, and they also had to keep people from ever reselling them. What was emotional, socially valuable, and eternal? Love and marriage. 

Frances Gerety joined N.W. Ayer in 1943 as a copywriter in the midst of the development of the De Beers advertisement campaign. Gerety was brought on to give the “female angle” to the campaign, and she is tasked with developing a slogan for the campaign, and she is accredited with developing the famous slogan “a diamond is forever”. According to The Advertising Century, a special edition of the Advertising Age, “the number one rated advertising slogan of the 20th century was De Beers’ memorable “A Diamond Is Forever”.” This simple four-word tagline has survived over 50 years of social, cultural, and economic turbulence and remained an example of the power of persuasion.

This slogan alone is not solely credited for the great success of the campaign, as the print advertisements turned out to be equally as influential. The powerful stylistic tool employed throughout this advertising campaign that allowed for its great success was the fact that the advertisements themselves provided little to no education in relation to the product. 

According to Dr. Jason Chambers, an advertising professor at the University of Illinois at Urbana-Champaign,  “the goal of these advertisements was never to make a direct sale, thus why no prices or mention of the cost of the product were ever listed … instead the advertisements told stories; stories about the people who gave diamonds or were given diamonds, and how happy and loved those diamonds made them feel”. 

In addition to the catchy slogan and the unique stylistic choices made for the print advertisements, this campaign achieved its success through its clear understanding of who its target audience truly is. Despite the fact that women are the predominant wearers of diamond wedding rings, the intended audience for this advertising campaign was actually men. 

This became increasingly apparent in the copy of the advertisements, as the copy of the advertisement often contained gender-specific pronouns and phrases such as “her gift from you” thus implying that her partner — who in relation to these advertisements is a man —  will be the one who will be doing the purchasing of the product. The goal of this gender-specific approach was to make men buy diamonds, as well as make women expect diamonds.

In his peer-reviewed journal titled “Have You Ever Tried To Sell A Diamond?”, American journalist Edward Jay Epstein claims “it would be crucial to inculcate in them the idea that diamonds were a gift of love: the larger and finer the diamond, the greater the expression of love. Similarly, young women had to be encouraged to view diamonds as an integral part of any romantic courtship.”

It was with this breakthrough realization that N.W. Ayer was able to create scarcity from abundance, and give a product that was once thought to be an unnecessary luxury good a new meaning to the average consumer. With this technique, and over the course of a few decades, N.W. Ayer helped De Beers successfully turn a failing market into a psychological necessity.

SOURCE LIST:

Have You Ever Tried To Sell A Diamond?

DeBeers’ Official Website

Ad Age Advertising Century: Top 100 Campaigns

Dr. Jason Chambers

  • Professor at the University of Illinois at Urbana-Champaign

jpchambe@illinois.edu

An 11-Year Olds Take on the COVID-19 Pandemic

The subject of the following interview is 11-year old Mirabelle “Mimi” Zucchero. Mimi is currently a 5th-grade student at Benjamin Franklin Elementary school in her hometown of Glen Ellyn, Illinois. 

Life has recently taken a drastic turn for young Mimi, and many other children throughout America, as her elementary school has been shut down due to the COVID-19 pandemic. In this interview, Mimi shares her personal experience as an 11-year old living through the coronavirus crisis.

This interview has been edited for length and clarity. 

Q. Are you excited to start this interview?

  • Yeah, I’m pretty excited. It’s giving me something to do.

Q. Okay, let’s get started. What is your general understanding of the current pandemic?

  • It’s a bad virus that spreads quickly. This virus could be deadly to some, but it’s not as bad for kids as it is for adults. It’s way worse for older people like grandparents, and people with low immune systems.

Q. Please define social distancing in your own words.

  • Well, social distancing is not being able to see your friends and your family. It is also staying far away from people – 6 to 10 feet. You have to stay as far away from people as possible, and you can’t go to stores.

Q. What do you wish you knew more about in relation to the current pandemic?

  • I wish I knew how long it would last. I wish I knew when I get to see my friends again.

Q. How has the transition to online learning been for you?

  • Terrible. I don’t like it. I like being with the class, learning as a group, and actually hearing people talk. In-person class is more structured than e-learning.

Q. If you could change one thing about the structure of online learning, what would it be?

  • I wish it was more structured, and you had to do a certain class at a certain time. I feel that in every class you should have something to turn in every day. If you don’t have to turn in an assignment some kids won’t do it, and I don’t think this is fair to the people that are actually doing their work.

Q. Do you feel as though you are receiving the same level of education after this transition was made?

  • Not at all. 

Q. Aside from no longer attending school in-person, what are the biggest changes you have noticed in your day to day life in light of this pandemic?

  • Not feeling the need to get ready and having my hair look good and stuff. I feel like since this has all started I’ve been outside so much since I have nothing better to do. Not being able to see people. 

Q. As of today, Governer JB Pritzker has decided to close schools for the remainder of the 2019-2020 academic year. What was your initial reaction upon hearing this news?

  • I was pretty upset because obviously I like real school learning way more than e-learning. And then there’s also some people at school that I’m not super good friends with but I like seeing them and I know I’m not going to see them again until we go back to school.

Q. What are your hopes for the near future?

  • For this to be over, I mean, who doesn’t want this to be over? And to go back to school and to go back to normal like nothing ever happened.

Bernie Sanders Endorses Joe Biden for President

In a surprise appearance on a campaign livestream, Vermont Senator Bernie Sanders endorsed former Vice President Joe Biden for the Democratic presidential nomination. [ABC News]

During this livestream, Sanders tells Biden “You want to bring people in, even people who disagree with you. You want to hear what they have to say. We can argue it out. It’s called democracy. You believe in democracy. So do I. Let’s respect each other. Let’s address the challenges we face right now and in the future. And in that regard, Joe, I very much look forward to working with you.” [Vox]

The uncertainty caused by the virus, the vast damage to the American economy coupled with the fervent desire to deprive Mr. Trump of a second term prompted an earlier-than-expected alliance between these two ideological rivals. [New York Times]

This endorsement will be crucial to Biden’s campaign, as he must bridge the Democratic Party’s ideological divide to unify voters against President Donald Trump in the fall. [The Boston Globe]

Despite this endorsement, Biden has not yet become his party’s presumptive nominee. For this to occur, he must win the necessary number of pledged delegates that will allow him to formally clinch the nomination.  [NBC News]

Portfolio