Professional Documents
Culture Documents
Tiffany & Co. Research
Tiffany & Co. Research
Like the shine of a diamond differentiates it from other stones, celebrity endorsements
distinguish a brand between the various others. Charles Lewis Tiffany’s passion for acquiring
rare and unusual gemstones paved the way for Tiffany & Co.’s longstanding legacy of discovery
and exploration, establishing the company’s reputation as a world-renowned jeweler (Tiffany &
Co., 2021). The aim of this study is linking tiffany and cos new “vintage collection” to the charm
of celebrities in a particular period of time. To strengthen this campaign idea, we need to
thoroughly comprehend what it used to be like to first see such charming celebrities
recommend a product or have any relation to it. In order to reach our aim our research has to
answer a few questions precisely:
- How big of an impact celebrities have on a brands image?
- How does celebrities influence customer behavior?
- When did the idea of introducing celebrities in advertisements first take place and where?
- Why were celebrities approached in the first place?
- How did that change the advertising industry?
Therefore, the objectives set for this research consist of, understanding how celebrities
influence customer behavior, understanding the effect of celebrities on high-end brands,
analyzing how celebrities influence Tiffany & Co customer behavior and lastly proposing the
idea of creating nostalgic campaign as a tribute to those celebrities related to the “vintage
collection”. The benefits we perceive this research to convey:
- Bring back the celebrities charm in advertisements as it was before.
- Differentiate between celebrities and nowadays influencers.
- Shed some light on the beauty of that era.
- Create a nostalgic experience around this campaign.
Through this study we plan on opening a new window to look through at the golden age of
celebrity endorsements, from the beginning of this factor to it types, phases, revolution and
major advantages. We are set to cover it all and relate it to the campaign we are creating for
tiffany and co. the campaign will be called “the diamonds of their era”. It is going to be a
promotional campaign for the new (vintage collection by Tiffany and Co).
Literature Review
Tiffany & Co. business and market
Tiffany & Co. was founded by Charles L. Tiffany in 1837 with its headquarters in New York, USA.
It is a holding organization that engages in design, manufacturing, and sale of high-end jewelry.
The company is also known for its luxurious product range including timepieces, leather goods,
silver goods, unique china, crystals, fragrances, and a wide range of accessories. The business of
Tiffany & Co. expands into various geographical segments including USA, Asia-Pacific, East Asian
countries, Middle Eastern countries etc. Over the years, Tiffany & Co. became a brand symbolic
of demonstrating lavish lifestyles of gilded age. The brand eventually became an integral part of
pop culture in the western countries. The exquisite items offered by Tiffany & Co. also made
appearances on some of the most prestigious red carpets in Hollywood. In current age, the
brand has more than 200 stores across the globe and a voracious fan base extending across
countries (Brion, 2019). According to the findings of Global Diamond Report, it was noted that
the global diamond market in which Tiffany & Co. operates was valued at $87.31 billion in the
year 2018. The predicted growth rate for the market is at a CAGR of 3.0% from 2019 to 2030.
This is mainly due to the rise in demand for jewelry from emerging economies in Asia-Pacific
(Stockton, 2020).