The diamond merchant’s Hong Kong listing taps directly into the growth of the 0.1 percent. But even the super-rich are vulnerable to a financial crisis. A sober appraisal, which hinges on the value of Graff’s enormous stockpile, suggests the $4 billion price is fair but no steal.
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London-based jeweler Graff Diamonds started gauging investor interest Monday for its planned US$1 billion Hong Kong initial public offering, ahead of a listing in the city on June 7, people familiar with the situation said Monday. Read Post
Luxury diamond retailer Graff Diamonds will postpone a Hong Kong IPO launched earlier this month “due to adverse market conditions,” the company said in a statement this evening. (See link to the announcement here.) As originally p... Read Post
An IPO in Hong Kong by luxury diamond retailer Graff Diamonds of London seeks to value the shares held by 73-year-old founder Laurence Graff and his family at up to HK$23.9 billion, or about $3.1 billion, according to details disclo... Read Post