"A rare pink diamond has fetched 45.44 million Swiss francs (HK$353.65 million), virtually doubling the previous record to become the most expensive stone ever sold at auction, Sotheby's said."
"Eric Valdieu, a Frenchman and a former Christie's jewel expert in Geneva, now of Valdieu Fine Arts, said as he left the Sotheby's sale: "The price were stronger than in 2007-2008, that's why everyone has a smile on his face.
"The reason is the bad performance of the stock market in the last year or two. Nobody knows what they are buying with stocks, but here they are buying something solid and tangible. The top quality jewels are even more expensive than they should be." "
2010/12/11
"Cheers to a girl's best friend" from South China Morning Post
"Some of the finest things in life that we love, such as chocolates, beer and cheese, come from Belgium, a vibrant, beautiful country between France and the Netherlands."
"Antwerp is and always has been one of the major cities of Flanders, the Flemish-speaking part of Belgium. Situated on the banks of the River Scheldt, it has been a centre of commerce and culture since the Middle Ages.
The Antwerp diamond industry can be traced back to the 15th century. Its international port in the North Sea is one of the largest in Europe. About half an hour's drive from the Belgian capital, Brussels, headquarters of the European Union, it lies at the crossroads of international traffic."
"Belgium was one of the first countries with whom Hong Kong signed a Double Taxation Treaty to help companies avoid repeat taxation. This was mainly because a large number of companies were using Belgium as a gateway to Europe.
Mainland companies and banks are also focusing on Belgium. Recently, the Industrial and Commercial Bank of China, the mainland's biggest bank, decided to open an office in Brussels, and Bank of China, the third-biggest bank on the mainland, has decided to follow suit. They are the first two mainland banks to set foot in the country."
"Antwerp is and always has been one of the major cities of Flanders, the Flemish-speaking part of Belgium. Situated on the banks of the River Scheldt, it has been a centre of commerce and culture since the Middle Ages.
The Antwerp diamond industry can be traced back to the 15th century. Its international port in the North Sea is one of the largest in Europe. About half an hour's drive from the Belgian capital, Brussels, headquarters of the European Union, it lies at the crossroads of international traffic."
"Belgium was one of the first countries with whom Hong Kong signed a Double Taxation Treaty to help companies avoid repeat taxation. This was mainly because a large number of companies were using Belgium as a gateway to Europe.
Mainland companies and banks are also focusing on Belgium. Recently, the Industrial and Commercial Bank of China, the mainland's biggest bank, decided to open an office in Brussels, and Bank of China, the third-biggest bank on the mainland, has decided to follow suit. They are the first two mainland banks to set foot in the country."
2010/12/02
"The Belgian presence in Hong Kong is strenghtening." from South China Morning Post
"It is no wonder that the Belgium-Luxembourg Chamber of Commerce has been benefiting from these developments. The new general manager, Queeny Fong, is seizing every opportunity to create added value for the members. The chamber decided to highlight the diamond sector, which has a share of 62 per cent in the Belgian exports to Hong Kong, at the annual King's Day reception at my residence. A glittering choice indeed."
2010/11/15
"Diamonds Are A Guy's Best Friend" from Bloomberg Businessweek
"With the art market still very much in recovery mode, collectors are turning to jewelry not only for its artistic value but also for its investment potential. "Since the start of recession we've seen a growing number of new and established collectors come into the market with particular interest in buying jewels as an alternative asset or as a hedge against inflation," says Rahul Kadakia, Christie's head of jewelry."
"One example of a period piece with currency is the Bulgari Blue Diamond ring, a gold band flanked by two enormous triangular diamonds, which will headline Christie's New York's Jewels sale this month. Purchased for $1 million in the 1970s, when it was designed, Christie's expects it to field more than $12 million this time around."
" "Stones are portable wealth, and they are part of a global market," Hubbard continues. "It's something that Wall Street is really looking at now. When the stock market and real estate are unpredictable, what's predictable? Diamonds." "
"One example of a period piece with currency is the Bulgari Blue Diamond ring, a gold band flanked by two enormous triangular diamonds, which will headline Christie's New York's Jewels sale this month. Purchased for $1 million in the 1970s, when it was designed, Christie's expects it to field more than $12 million this time around."
" "Stones are portable wealth, and they are part of a global market," Hubbard continues. "It's something that Wall Street is really looking at now. When the stock market and real estate are unpredictable, what's predictable? Diamonds." "
"Big rocks." from South China Morning Post
"The perfect Pink, a rare 14.23-carat pink diamond, will be the highlight of an auction on November 29. Christie's said only 18 diamonds over 10 carats showing a distinct pure pink colour had appeared for sale in more than 244 years of auction history."
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