The King of Really Big Diamonds Heads to China

[whatmeworry]

article on Laurence Graff and expansion into China

http://www.nytimes.com/2011/06/19/business/global/19jewels.html?pagewanted=1&_r=1&ref=business

 

[TristanC]

Not suprising. He is going to make a killing. The chinese market is insatiable at this time - new money wants to be flaunted. Even if they are the second largest market at the moment by size, I would not put it past them to be the number one market by quality within a year. Which would probably move a lot more ideal cut/coloured stones over there too.

I think China might start off by falling for a lot of payment for intangibles like D - IF etc... but given just how much money is being minted there now... I think they might suck the life out of all the uber luxe elements of life.