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Indian Luxury
Market size by
Value
• USD 4.76 Billion (2009)
• CAGR 13% (2007-2009)
Indian Luxury
Product Market
by Value
• USD 1.5 Billion (2009)
• CAGR 15% Approx. (Across Product Categories)
Indian Luxury
Watch Market
• USD 1,66 Million (2008)
• 20% Growth per annum (Approx)
• USD 1,99 Million (2009) (Approx)
Industry Overview
Source: Luxury in India: Charming the Snakes and Scaling the Ladders , A CII –
A.T. Kearney Report, October 2010
Luxury
Watches
Haute
Horlogerie
Audemars Piguet,
Blancpain, Breguet,
Girard-Perregaux, IWC,
Jaeger-LeCoultre, Patek
Philippe, Vacheron
Constantin, Franck
Muller, Zenith
Women’s /
Jewelry
Bvlgari, Cartier,
Chopard,
Piaget
Prestige
Breitling, Hublot,
Omega, Rolex,
Tag Heuer
High Range
Baume & Mercier, Ebel,
Longines, Montblanc,
Raymond Weil, Rado
Market Segmentation
Criteria: High Dollar Value (Price) and Brand Specialty
Source: Watch Market Review, February 2010
The Indian law states that single-brand foreign retailers are permitted to
invest up to 51 percent in a joint venture with a local firm. Richemont had
recently forwarded its FDI proposal to set up the Cartier joint venture with its
Indian partner Navratna Bharat Retail Pvt. Ltd., at Rs.20 Lakh ($50,000)
investment.
Regulatory Law
While Launching in India, Cartier (Richemont Group) had to abide by the
following regulation:
Source: Diamond World, 2008
Marketing Objective
• 20% for the year 2011-2012
• Up from 5% from the year 2009-2010
Growth Rate
• 6% for the year 2011-2012 (Approx)
• Up from an approx 5 % for the year 2009-
2010
Market
Share
• Extend network beyond Delhi-Mumbai
and open in cities such as Chennai,
Bangalore, and select Tier 2 cities by 2012
Distribution
Network
The Objective is to Achieve:
Source: Watch Market Review, September 2009
Luxury is
Indulgence
Luxury is Reward
Luxury is Functional
Consumer Segmentation
Source: Experiential Luxury Report ,SRI Consulting Business Intelligence, 2008
Consumer Demographics
Age:
30-45 yrs
Income
M.H.I: INR 25
Lakh Onwards
Occupation:
Medium Size
Entrepreneur Owners,
Traditionally wealthy
families and Large
Industrialists , Senior
Corporate Executives
Location:
Delhi, Mumbai,
Bangalore, Chennai,
Ludhiana,
Chandigarh
S.E.C :
A1+, A1
Source: Luxury in India: Charming the Snakes and Scaling the Ladders , A CII –
A.T. Kearney Report, October 2010
Brand Positioning
Global Positioning: The brand is build around the following strengths:
• Legacy/Heritage
• Dynasty of Style
• Elegance
• Fine Craftsmanship
• Unwavering and unmatchable consumer loyalty
Current Brand Positioning in India: The brand in India currently is
positioned around
• High brand recall with the Maharajas (Heritage)
• Blending of fine art jewelry with Indian influences
• Coming home to Brand Loyalists
Suggested Alternative Positioning:
Welcome to the Cartier Family.
Extending the fraternity beyond heritage to new members to redefine influences
and contemporize the art of jewelry watch design..
Base Line
It’s an invitation
Media: Objective and Mix
To reach out to at least 70% of our target audience in each of the
cities (Delhi, Chennai, Kolkata, Mumbai, Bangalore, Ludhiana) by
providing at least an average of 3.7 OTS over the campaign
duration of 6 weeks
Print (60%)
Television
(20%)
Online
(10%)
Media Vehicles
• Consumer Publications such Vogue, India Today,
Cosmopolitan, Femina. Magazines on Planes
• Trade Magazines: Business Today, Outlook, Business
Week
• Newspapers: TOI, HT, Mint, Hindu
Press
• Advertise on channels like TLC and Star World and
BBC India
• On shows such as Luxury Unveiled, TLC Shoppe
Jewelry show, and TLC Super Swank
Television
• Advertise on websites such Luxury Insider, Luxury
Unveiled, and social networking sites such as Face
book and Twitter.
Online
Deliverables
Online
Place Cartier thumbnails on websites like that of, 5 star hotels, airlines, exclusive clubs,
golf courses, and select websites. [see image billionaire 500, Rolex and Cartier]
Objective:
• To reinstate that sense of Pride on owning a Cartier Watch
• Extending an invitation, welcoming you to the Cartier Family
• Build on Consumer Loyalty
Customer Loyalty Program
• Identify Cartier consumers across cities-Delhi, Mumbai, Kolkata, Bangalore,
Chennai, Ludhiana for the year 2010
• Send them Scrolls and Treasure Chests with an “Invitation’ along with a photo
Album of all the Indian royalty and Other Iconic people who have owned/own a
Cartier –The last photograph being the customers
• The Invite would read “We Welcome you to our Family Mr. XYZ Cartier, and would
like to have the honor of your company with celebrate the a Successful
relationship”, So After their surname, we will attach Cartier.
• The invitation would be for a party on the 29th of December . A year-end party for
Cartier owners across the country
• Venue: Leela Kempenski, Gurgaon.
• We would offer to fly customer and his/her family in to Delhi for the Party.
• The party would be have exquisite food from across the world. A painting
exhibition, Rarest wines and so on
• At the end of the party each guest would get a safa like clothing, made by
designers in France on the Indian theme. This would serve as memorabilia for
being a part of a luxury family. “Welcome to the Family”

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Cartier

  • 1. Indian Luxury Market size by Value • USD 4.76 Billion (2009) • CAGR 13% (2007-2009) Indian Luxury Product Market by Value • USD 1.5 Billion (2009) • CAGR 15% Approx. (Across Product Categories) Indian Luxury Watch Market • USD 1,66 Million (2008) • 20% Growth per annum (Approx) • USD 1,99 Million (2009) (Approx) Industry Overview Source: Luxury in India: Charming the Snakes and Scaling the Ladders , A CII – A.T. Kearney Report, October 2010
  • 2. Luxury Watches Haute Horlogerie Audemars Piguet, Blancpain, Breguet, Girard-Perregaux, IWC, Jaeger-LeCoultre, Patek Philippe, Vacheron Constantin, Franck Muller, Zenith Women’s / Jewelry Bvlgari, Cartier, Chopard, Piaget Prestige Breitling, Hublot, Omega, Rolex, Tag Heuer High Range Baume & Mercier, Ebel, Longines, Montblanc, Raymond Weil, Rado Market Segmentation Criteria: High Dollar Value (Price) and Brand Specialty Source: Watch Market Review, February 2010
  • 3. The Indian law states that single-brand foreign retailers are permitted to invest up to 51 percent in a joint venture with a local firm. Richemont had recently forwarded its FDI proposal to set up the Cartier joint venture with its Indian partner Navratna Bharat Retail Pvt. Ltd., at Rs.20 Lakh ($50,000) investment. Regulatory Law While Launching in India, Cartier (Richemont Group) had to abide by the following regulation: Source: Diamond World, 2008
  • 4. Marketing Objective • 20% for the year 2011-2012 • Up from 5% from the year 2009-2010 Growth Rate • 6% for the year 2011-2012 (Approx) • Up from an approx 5 % for the year 2009- 2010 Market Share • Extend network beyond Delhi-Mumbai and open in cities such as Chennai, Bangalore, and select Tier 2 cities by 2012 Distribution Network The Objective is to Achieve: Source: Watch Market Review, September 2009
  • 5. Luxury is Indulgence Luxury is Reward Luxury is Functional Consumer Segmentation Source: Experiential Luxury Report ,SRI Consulting Business Intelligence, 2008
  • 6. Consumer Demographics Age: 30-45 yrs Income M.H.I: INR 25 Lakh Onwards Occupation: Medium Size Entrepreneur Owners, Traditionally wealthy families and Large Industrialists , Senior Corporate Executives Location: Delhi, Mumbai, Bangalore, Chennai, Ludhiana, Chandigarh S.E.C : A1+, A1 Source: Luxury in India: Charming the Snakes and Scaling the Ladders , A CII – A.T. Kearney Report, October 2010
  • 7. Brand Positioning Global Positioning: The brand is build around the following strengths: • Legacy/Heritage • Dynasty of Style • Elegance • Fine Craftsmanship • Unwavering and unmatchable consumer loyalty Current Brand Positioning in India: The brand in India currently is positioned around • High brand recall with the Maharajas (Heritage) • Blending of fine art jewelry with Indian influences • Coming home to Brand Loyalists Suggested Alternative Positioning: Welcome to the Cartier Family. Extending the fraternity beyond heritage to new members to redefine influences and contemporize the art of jewelry watch design..
  • 8. Base Line It’s an invitation
  • 9. Media: Objective and Mix To reach out to at least 70% of our target audience in each of the cities (Delhi, Chennai, Kolkata, Mumbai, Bangalore, Ludhiana) by providing at least an average of 3.7 OTS over the campaign duration of 6 weeks Print (60%) Television (20%) Online (10%)
  • 10. Media Vehicles • Consumer Publications such Vogue, India Today, Cosmopolitan, Femina. Magazines on Planes • Trade Magazines: Business Today, Outlook, Business Week • Newspapers: TOI, HT, Mint, Hindu Press • Advertise on channels like TLC and Star World and BBC India • On shows such as Luxury Unveiled, TLC Shoppe Jewelry show, and TLC Super Swank Television • Advertise on websites such Luxury Insider, Luxury Unveiled, and social networking sites such as Face book and Twitter. Online
  • 12. Online Place Cartier thumbnails on websites like that of, 5 star hotels, airlines, exclusive clubs, golf courses, and select websites. [see image billionaire 500, Rolex and Cartier]
  • 13.
  • 14. Objective: • To reinstate that sense of Pride on owning a Cartier Watch • Extending an invitation, welcoming you to the Cartier Family • Build on Consumer Loyalty Customer Loyalty Program
  • 15. • Identify Cartier consumers across cities-Delhi, Mumbai, Kolkata, Bangalore, Chennai, Ludhiana for the year 2010 • Send them Scrolls and Treasure Chests with an “Invitation’ along with a photo Album of all the Indian royalty and Other Iconic people who have owned/own a Cartier –The last photograph being the customers • The Invite would read “We Welcome you to our Family Mr. XYZ Cartier, and would like to have the honor of your company with celebrate the a Successful relationship”, So After their surname, we will attach Cartier. • The invitation would be for a party on the 29th of December . A year-end party for Cartier owners across the country • Venue: Leela Kempenski, Gurgaon. • We would offer to fly customer and his/her family in to Delhi for the Party. • The party would be have exquisite food from across the world. A painting exhibition, Rarest wines and so on • At the end of the party each guest would get a safa like clothing, made by designers in France on the Indian theme. This would serve as memorabilia for being a part of a luxury family. “Welcome to the Family”