lab grown diamonds · 2016-10-06 · preferred mined diamond over lab grown diamonds in most cases....
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LabGrownDiamondsConsumerResearchUpdate
HistoricalProgression2004-2016
5October2016 LabGrownDiamondsConsumerResearchUpdate-HistoricalProgression2004-2016CopyrightMVIMarkeIngLtd.AllRightsReserved 1
LabGrownDiamondsConsumerResearchUpdate
MVIhasbeenconducIngconsumermarketresearchstudiesonawarenessandacceptanceofLabGrownDiamondssince2004.WhatfollowsisahistoricalsummaryofthekeyresearchfindingsdrawnfrommulIplestudiesconductedbyMVIbetween2004-2016.ForaddiIonalinformaIoncontactMartyHurwitzMarty@MVIMarkeIng.com.
5October2016 LabGrownDiamondsConsumerResearchUpdate-HistoricalProgression2004-2016CopyrightMVIMarkeIngLtd.AllRightsReserved 2
LabGrownDiamondsConsumerResearchUpdate
2004
5October2016 LabGrownDiamondsConsumerResearchUpdate-HistoricalProgression2004-2016CopyrightMVIMarkeIngLtd.AllRightsReserved 3
KeyFindingsfrom2004Research
5October2016 LabGrownDiamondsConsumerResearchUpdate-HistoricalProgression2004-2016CopyrightMVIMarkeIngLtd.AllRightsReserved 4
Consumersarelargelyuneducatedaboutlabgrowndiamondswithoverathirdunfamiliarwithanyofthetermsdescribingthem
Theoverwhelmingmajorityofconsumersareeitherextremelyorsomewhatunfamiliarwithlabgrowndiamonds
Colorandclarityareimportant,butauthenIcityisparamount
DeeperdiscountsforlabgrowndiamondsdonotchangetherelaIvechoicesofminedvs.labgrowndiamonds
KeyFindingsfrom2004Research
5October2016 LabGrownDiamondsConsumerResearchUpdate-HistoricalProgression2004-2016CopyrightMVIMarkeIngLtd.AllRightsReserved 5
ConsumersarelargelypriceinelasIc
43%oftheconsumersselected“MineddiamondsareauthenIc,notimitaIons”asthemainreasontheyprefermineddiamonds
Threeoutoffourconsumersareconcernedthatlabgrowndiamondscouldbe“passed-off”asmineddiamonds
Over50%wantacerIficateofauthenIcitywiththeirdiamondpurchase
LabGrownDiamondsConsumerResearchUpdate
2005
5October2016 LabGrownDiamondsConsumerResearchUpdate-HistoricalProgression2004-2016CopyrightMVIMarkeIngLtd.AllRightsReserved 6
KeyFindingsfrom2005Research
5October2016 LabGrownDiamondsConsumerResearchUpdate-HistoricalProgression2004-2016CopyrightMVIMarkeIngLtd.AllRightsReserved 7
ThereisaconcernamongUSandCanadianresidentsthatlabgrowndiamondswillbesoldorpassedoffasmineddiamonds
AcerIficateofauthenIcitywasmorepowerfulthanalaboratorygradingcerIficateinreassuringconsumersofthenatureoftheirdiamondpurchase
Inmostcases,asthepriceofthediamondincreases,withinasetqualitylevel,consumersaremorelikelytoswitchtoalabgrowndiamond
Ingeneral,asthequalityofdiamondsdecreases,consumersbecomemorelikelytoswitchtolabgrowndiamonds
5October2016 LabGrownDiamondsConsumerResearchUpdate-HistoricalProgression2004-2016CopyrightMVIMarkeIngLtd.AllRightsReserved 8
KeyFindingsfrom2005Research
5October2016 LabGrownDiamondsConsumerResearchUpdate-HistoricalProgression2004-2016CopyrightMVIMarkeIngLtd.AllRightsReserved 9
KeyFindingsfrom2005Research
Ifyouplantopurchasealabgrowndiamondorlabgrowndiamondjewelry,whichoneofthefollowingwouldbestreassureyouthediamondwasnotbeingmisrepresented?
5October2016 LabGrownDiamondsConsumerResearchUpdate-HistoricalProgression2004-2016CopyrightMVIMarkeIngLtd.AllRightsReserved 10
KeyFindingsfrom2005Research
Wouldyouconsiderpurchasingalabgrowndiamondorlabgrowndiamondjewelry?
5October2016 LabGrownDiamondsConsumerResearchUpdate-HistoricalProgression2004-2016CopyrightMVIMarkeIngLtd.AllRightsReserved 11
KeyFindingsfrom2005Research
Base:Allrespondentswhoplantobecomeengagedormarriedwithinthenextyear.Wouldyougiveyourfiancéealabgrowndiamondring?
LabGrownDiamondsConsumerResearchUpdate
2007
5October2016 LabGrownDiamondsConsumerResearchUpdate-HistoricalProgression2004-2016CopyrightMVIMarkeIngLtd.AllRightsReserved 12
KeyFindingsfrom2007Research
5October2016 LabGrownDiamondsConsumerResearchUpdate-HistoricalProgression2004-2016CopyrightMVIMarkeIngLtd.AllRightsReserved 13
Basedonadiscretechoiceexercise,consumerssIllpreferredmineddiamondoverlabgrowndiamondsinmostcases.However,therearesomescenarioswhereconsumersactuallypreferredlabgrowndiamonds
Overall,asthepriceofthemineddiamondincreased,andtheactualsavings,ata20%discount,becomesgreater,theconsumerismorelikelytopreferthelabgrowndiamond
LabGrownDiamondsConsumerResearchUpdate
2009
5October2016 LabGrownDiamondsConsumerResearchUpdate-HistoricalProgression2004-2016CopyrightMVIMarkeIngLtd.AllRightsReserved 14
KeyFindingsfrom2009Research
5October2016 LabGrownDiamondsConsumerResearchUpdate-HistoricalProgression2004-2016CopyrightMVIMarkeIngLtd.AllRightsReserved 15
Knowingwhatyounowknowaboutlabgrowndiamonds,wouldyouconsiderpurchasing,orrequesFngasagiG,labgrowndiamondjewelry?(Selectonlyone)
KeyFindingsfrom2009Research
5October2016 LabGrownDiamondsConsumerResearchUpdate-HistoricalProgression2004-2016CopyrightMVIMarkeIngLtd.AllRightsReserved 16
Foreachofthefollowing,pleaseindicateifyouwouldconsiderpurchasinglabgrowndiamondjewelry.
KeyFindingsfrom2009Research
5October2016 LabGrownDiamondsConsumerResearchUpdate-HistoricalProgression2004-2016CopyrightMVIMarkeIngLtd.AllRightsReserved 17
Whatistheprimaryreasonyouwouldconsiderpurchasinglabgrowndiamondjewelry?(Selectallthatapply)Base:RespondentswhowouldconsiderpurchasingalabgrowndiamondorrequesFngasagiGlabgrowndiamondjewelry.(n=827)
KeyFindingsfrom2009Research
5October2016 LabGrownDiamondsConsumerResearchUpdate-HistoricalProgression2004-2016CopyrightMVIMarkeIngLtd.AllRightsReserved 18
IfyouwereshoppingforafinejewelrygiG,wouldyouconsiderpurchasingalabgrowndiamondjewelrystyle?(Selectonlyone)
KeyFindingsfrom2009Research
5October2016 LabGrownDiamondsConsumerResearchUpdate-HistoricalProgression2004-2016CopyrightMVIMarkeIngLtd.AllRightsReserved 19
Wherewouldyoubemostlikelytopurchasealabgrowndiamondjewelrystyle?(Selectonlyone)
LabGrownDiamondsConsumerResearchUpdate
2016
5October2016 LabGrownDiamondsConsumerResearchUpdate-HistoricalProgression2004-2016CopyrightMVIMarkeIngLtd.AllRightsReserved 20
KeyFindingsfrom2016Research
5October2016 LabGrownDiamondsConsumerResearchUpdate-HistoricalProgression2004-2016CopyrightMVIMarkeIngLtd.AllRightsReserved 21
(AGerintroducFonstatement)Nowthatyouunderstandwhatlabgrowndiamondsare,whatdoyouthinkofthem?(Selectallthatapply)
KeyFindingsfrom2016Research
5October2016 LabGrownDiamondsConsumerResearchUpdate-HistoricalProgression2004-2016CopyrightMVIMarkeIngLtd.AllRightsReserved 22
Ifyouwereshoppingforanengagementring,wouldyouconsiderlabgrowndiamondsforthecenterstone?
KeyFindingsfrom2016Research
5October2016 LabGrownDiamondsConsumerResearchUpdate-HistoricalProgression2004-2016CopyrightMVIMarkeIngLtd.AllRightsReserved 23
Doyouthinktheseman-madelab-createdstonesshouldbecalleddiamonds?
KeyFindingsfrom2016Research
5October2016 LabGrownDiamondsConsumerResearchUpdate-HistoricalProgression2004-2016CopyrightMVIMarkeIngLtd.AllRightsReserved 24
Whatisthemainreasonyouareinterestedinlabgrowndiamonds?
KeyFindingsfrom2016Research
5October2016 LabGrownDiamondsConsumerResearchUpdate-HistoricalProgression2004-2016CopyrightMVIMarkeIngLtd.AllRightsReserved 25
Howmuchdoyouthinklabgrowndiamondsshouldsellforcomparedtomineddiamonds?
MVI‘sLuxuryConsumerResearchistheindustrystandardfordetailing,definingandanalyzingconsumerpreferencesandlikelybehaviors.Withover30yearsofexperienceandleadership,MVIhasperfectedauniquepredicIvemodelingprotocol,allowingourclientstolearnwhatwillsellthru,withwhichconsumers,forwhatprice,andwhere.PredicIveModelingoflikelyconsumerbehaviorsiscriIcalintoday’scompeIIvemarketplace,wherethecostofrawmaterialsconInuestorise,andsellthruatretailistheonlymetricthatcounts.InaddiIontoproductresearchwithtargetconsumers,MVI‘sLuxuryConsumerResearchistheperfectvehiclefortesIngbrandawareness,equityandleverageopportuniIes.MVI’sclientsincludemulI-naIonalconglomerates,manufacturers,retailers,tradeassociaIons,financialinsItuIonsandsovereignnaIons.ForaddiIonalinformaIoncontactMartyHurwitzMarty@MVIMarkeIng.com.
5October2016 LabGrownDiamondsConsumerResearchUpdate-HistoricalProgression2004-2016CopyrightMVIMarkeIngLtd.AllRightsReserved 26
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5October2016 LabGrownDiamondsConsumerResearchUpdate-HistoricalProgression2004-2016CopyrightMVIMarkeIngLtd.AllRightsReserved 27
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