„A little light, so constant and so sweetly clear it finds his heart across the widest waters and hours of loneliness. That is his diamond on her finger – an ever-fixes beacon, pledge to safe home-comings and fair rewards in their new-day life to be.”
In my presentation I ...
(Show more)„A little light, so constant and so sweetly clear it finds his heart across the widest waters and hours of loneliness. That is his diamond on her finger – an ever-fixes beacon, pledge to safe home-comings and fair rewards in their new-day life to be.”
In my presentation I will focus on the production, distribution, and consumption of diamonds from colonial Namibia via Europe to the USA from 1920 to 1950. I will work out how the per-ception of the gemstones changed along the individual processing stages, on the different conti-nents and over time. More specifically, I will analyze why the stones in their raw state were con-sidered to be of such low value, whereas after processing in Amsterdam or Antwerp, they were regarded as valuable gems and bought by American consumers. With the help of the economic theorem of the Veblen effect, I will also show that diamonds have developed into a demonstra-tive consumer object over time. Initially regarded as mere gemstones, more and more buyers opted for the pale stones because they could use the diamonds to flaunt their wealth. After all, diamonds were so expensive that only men and women of the upper class could afford the pre-cious stones.
In my presentation, I will also explain how and why the places where diamonds were sold in the USA have changed. In the beginning, the stones were sold in selected jewelry shops, but later they were mainly sold by large department stores' chains and mail-order companies. This devel-opment had far-reaching consequences for the perception of diamonds: Brilliants were offered more frequently and at lower prices, which gradually led consumers to perceive them as vulgar gemstones. Diamond producers, such as DeBeers, had to spend a lot of money to counteract this impression and to present diamonds as popular consumer objects.
I will also illustrate how diamonds were marketed in the USA. Using archival sources from Washington D.C., I will show that the DeBeers company used a multifaceted advertising strate-gy to reinforce the impression among consumers that diamonds were particularly valuable piec-es of jewelry. This strategy was extremely successful, as the demand for the stones increased year after year in the USA. I will discuss the reasons for this success in my presentation, as well as the complex marketing of diamonds in the DeBeers advertisements.
My presentation will draw from extensive source material and theoretical approaches used in my dissertation on the commodity chain of diamonds from colonial Namibia to Europe and the USA, as well as the latest research on cultural and economic history. For my presentation I will consider sources from African, European, and American archives, with particular reference to the advertising posters of the DeBeers company for the marketing of diamonds in the USA from the Smithsonian Institute in Washington, D.C.
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