Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

Graff Diamonds postpones $1 billion Hong Kong IPO

31 may 2012

London-based jeweler Graff Diamonds Corp. said in a statement Thursday it has decided to postpone its $1 billion initial public offering in Hong Kong, citing adverse market conditions just one day before it was scheduled to price the deal, MarketWatch reported.
Graff's deal was widely viewed as a high-profile test of investors' appetite for new shares, and is the largest IPO to be withdrawn in Asia so far this year. The shelved deal comes amid a string of pulled deals in the region in recent days and Facebook Inc.'s post-IPO saga, which has undermined some investors' interest toward IPOs.
Weakness in global stock markets amid concerns about Europe's debt crisis and a more-than 10% decline in Hong Kong's benchmark Hang Seng Index so far this month have also hurt investors' appetite for new listings, and the postponement of Graff's IPO also comes as New York-based diamond ring specialist Tiffany & Co. (TIF) cut its outlook for the year, citing lower sales growth in the U.S.
"Consistently declining stock markets proved to be a significant barrier to executing the transaction at this time," Graff said in the statement.
The IPO of the ultra high-end jeweller founded by Laurence Graff in 1960 has been closely watched, as the company's June 7 listing was set to be the latest by a foreign firm in Hong Kong after Italian luxury house Prada SpA went public in the city last year.