Here is an interesting interview with the CEO of GRAFF, a high end jewelery chain that is vertically integrated - has diamond mines in Australia, South Africa, Botswana, etc. It mines cuts and sells all its own diamonds. They are a private company. CEO says they opening stores in China and say diamond demand is unbelievable.
We used to talk about True North being bought by some company like this, or maybe trying to evolve into a company like this. Was a lot of speculation about Faberge at one point. Those wild speculations become possible again if True North ever gets a mining license.
kingworldnews.com
Henri Barguirdjian President and CEO of GRAFF. GRAFF is the largest fine jeweler in the world and is renowned for “The Most Fabulous Jewels in the World.” The House of GRAFF is known for its unparalleled selection of colored diamonds, particularly yellow or canary. “Our expertise in diamonds and gem stones, especially colored diamonds such as fancy yellows is GRAFF’s signature. GRAFF is the largest diamond sight holder and we are the only Diamond and Gem House that is completely vertically integrated” said Henri Barguirdjian. In this interview Henri discusses the significant move higher in the price of diamonds, what the wealthy are doing with their money and what they are saying about the move to hard assets globally because of currency fears, the portability of wealth when it comes to diamonds, the vertical integration of GRAFF, the rarity of certain diamonds, that GRAFF was the first public diamond company in London and much more. |
