Are you ready to invest in diamonds?
In the spring of 2012, in an office building near Beijing’s Dongshi Shijo Bridge, Dongfeng Jingmei (Beijing) International Jewelry Co., Ltd.’s Chairman Wang Donglei’s “Zhenling Yingxing†club quietly opened its doors. What he wants to do is the business of "diamond investment."
Wang Donglei, who had barely appeared in the public's field of vision before, has been called "the first person in the Chinese diamond investment industry" by the industry with his unique business practices.
Invest in diamonds? Is it reliable? Can you make money?
The diamond market is going against the market to warm up. "The stock market is a story; jewelry is difficult to distinguish between authenticity and ... If you want to ****, I suggest you invest in diamonds." Since he was involved in the diamond industry, Wang Donglei has kept his words in line with the three words, in his view Investing in diamonds is the most secure and international financial management method.
"Since the first half of 2011, the international diamond offer has been raised eight times in a row, and the cumulative increase has exceeded 30%, creating a record for the diamond market for the past 10 years. In 2011, the Diamond Exchange in and out of the Shanghai Diamond Exchange amounted to US$4,707 million. The previous year saw an increase of 63%.†The deteriorating international diamond industry and the continued warming of the Chinese diamond market made Wang Donglei deeply feel “an opportunity.â€
He resolutely entered the capital to enter the diamond industry. "Accidentally killing them, I discovered that the industry was very dangerous, but there are still business opportunities, that is, the consumer goods diamonds into financial products. Diamonds are still the diamond, but the meaning has changed. "When we talk about diamonds, Wang Donglei's tone seems a bit eager. In diamonds, which are also like home appliances, the "crazyness" of price wars, Wang Donglei hopes that more people will know that diamonds can also be invested.
He even judged that China will soon set off an upsurge in diamond investment. "Diamond entered the Chinese luxury goods market for 20 years. China has now become the world's second-largest diamond consumer market after the United States. In the United States market, consumption from China also accounts for a large proportion." Wang Donglei said, "With China now With the purchasing power of people and the continuous improvement of people’s awareness of diamonds, China will soon surpass the United States and become the world’s largest consumer of diamonds.â€
Moreover, there is a sharp fall in the prices of precious metals such as gold and silver, investment risks, and real estate and stock markets are in a bad mood. It is no surprise that “diamond investmentâ€, which is still new in the country, has become a new favorite of financial management.
The only standardized commodity diamond in jewelry is the world's oldest gemstone, and its diamond resources are not renewable. Through surveys and assessments, some experts believe that the world’s existing diamond resources can be mined for up to 40 years.
In 2010, the world’s largest and oldest diamond mining company, De Beers, published the “peak theory of diamondsâ€, claiming that the world’s diamond resources are depleting, and the speed with which other products replace it is insufficient to meet long-term needs. Therefore, they will "permanently reduce production."
Wang Donglei told reporters that at home, investors may be more inclined to gold and silver, while in foreign countries, it is relatively easy for people to accept this type of financial management. “The price of gold and silver has an international uniform price on each trading day, and the spread between domestic and foreign markets is controlled within a certain range, which can give investors a sense of security. Everyone knows that in fact, there is also a quotation for diamonds, and its international quotation is weekly. Updates, diamonds are the only standardized products in the jewelry that have prices,†Wang Donglei said.
In some World War II movies, there are often such episodes: The Jews were met with martyrdom, and when they were displaced, they took a small bag of diamonds and began to flee as a whole family. From this it seems that two characteristics of diamonds can be seen: easy portability and global circulation.
"Compared to gold bars, diamonds can be worn to show people's grades and tastes, and they can preserve their value as if they were gold bars, or even appreciate." Wang Donglei said.
How to invest in diamonds?
Wang Donglei told reporters that prior to this, due to the problem of diamonds being "difficult to repurchase," diamonds would only be sold in two forms: "auction" and "pawn." "The auction focuses on diamonds that are worth more, are more special, or are rarer; and the pawn channel can only get back about 60% of the original diamond."
To make diamonds into products, Wang Donglei’s first thing to solve is the “difficulty of realizing†problem. “The biggest difference between us and diamond sales in shopping malls is that we can buy back and provide value preservation services for our customers.†Wang Donglei revealed that members of the company can use the “consignment†method to purchase diamonds from the club.†On behalf of the sale, the return rate can reach more than 20%.
In addition, it has become a member of Zhenling Yingxing and purchases diamond products. Within two years, the clubhouse pays the members 5% of the value of the diamond products purchased each year. A year after the purchase of the diamond, the club can buy back at the purchase price. "Even if a member buys diamonds for many years, we will still buy back products as long as the product quality is preserved. Of course, the repurchase price will refer to the current price."
“Also, because our products are directly purchased from foreign raw materials suppliers, eliminating the need for intermediate links and price increases in the traditional jewellery industry, diamonds bought at our clubs often cost 30% to 50% of the prices of traditional retailers. "Wang Donglei said.
At present, Wang Donglei is negotiating with several domestic banks and hopes to work with banks to develop diamond products. “We have signed cooperation letters of intent with several banks. In the near future, people will be able to carry out diamond business in banks,†said Wang Donglei. Reporter Cui Xiaolin (Jin Jiayu also contributed to this article)
The world’s top ten diamonds 1. The African Star “African Star†is the largest cut diamond in the world and weighs 3,106 carats. The diamond was cut by a U.S. company and the company decided to cut it six months after researching the diamond.
2. Mountain of Lights This diamond has the oldest recorded history, dating back to 1304. It was cut again when Queen Victoria was in place and was later set in the crown of the Queen of England. The diamond now weighs 108.93 carats.
3. The Iksar repair diamond “Ikshaxu†is the second largest diamond ever discovered in the world.
4, the eye of the diamond diamond This is a flat pear-shaped diamond, the size of an egg. The "eye of the god" weighs 70.2 carats. It is said that it was the "ransom" of the Turkish Sultan who was handed to the exchequer by Kashmir.
5. Big Mughal Diamonds The big Mughal is a diamond discovered in India in the 17th century. The Great Moghul was named after Shakyamhan, the builder of the Taj Mahal. However, this diamond was later missing. Some people think that the mountain of light may be cut from this diamond.
6. The Regent King Diamond Regent Diamond was discovered by an Indian slave in 1702 near Gukangda. Regent Diamond is known for its rare purity and perfect cutting. It is undisputed as the world's most beautiful diamond.
7. Orlov Diamond Orlov diamond is the third largest diamond in the world. It has the typical purity of India's most beautiful diamonds, with a little blue-green color.
8. Blue Hope Diamond It is believed to have the characteristics of the famous Taviner Blue Diamond, which was brought from India to Europe in 1642. It used to belong to King Louis XIV of France. Today you can see this diamond at the Smithsonian Institution in Washington.
9. Schenich Diamond It originally belonged to the Duke of France's "Bold Charles" in Burgundy. The Duke lost the diamond in the war in 1477. The Sinh Diamond is light yellow in colour from India and is said to be the first large diamond to be cut to have a symmetry.
10. Taylor Barton Diamond This pear-shaped diamond was discovered in 1966 in the first mine in Transvaal, South Africa. Richard Barton bought the diamond for Elizabeth Taylor for $1.1 million and renamed it "Taylor Barton."
In the spring of 2012, in an office building near Beijing’s Dongshi Shijo Bridge, Dongfeng Jingmei (Beijing) International Jewelry Co., Ltd.’s Chairman Wang Donglei’s “Zhenling Yingxing†club quietly opened its doors. What he wants to do is the business of "diamond investment."
Wang Donglei, who had barely appeared in the public's field of vision before, has been called "the first person in the Chinese diamond investment industry" by the industry with his unique business practices.
Invest in diamonds? Is it reliable? Can you make money?
The diamond market is going against the market to warm up. "The stock market is a story; jewelry is difficult to distinguish between authenticity and ... If you want to ****, I suggest you invest in diamonds." Since he was involved in the diamond industry, Wang Donglei has kept his words in line with the three words, in his view Investing in diamonds is the most secure and international financial management method.
"Since the first half of 2011, the international diamond offer has been raised eight times in a row, and the cumulative increase has exceeded 30%, creating a record for the diamond market for the past 10 years. In 2011, the Diamond Exchange in and out of the Shanghai Diamond Exchange amounted to US$4,707 million. The previous year saw an increase of 63%.†The deteriorating international diamond industry and the continued warming of the Chinese diamond market made Wang Donglei deeply feel “an opportunity.â€
He resolutely entered the capital to enter the diamond industry. "Accidentally killing them, I discovered that the industry was very dangerous, but there are still business opportunities, that is, the consumer goods diamonds into financial products. Diamonds are still the diamond, but the meaning has changed. "When we talk about diamonds, Wang Donglei's tone seems a bit eager. In diamonds, which are also like home appliances, the "crazyness" of price wars, Wang Donglei hopes that more people will know that diamonds can also be invested.
He even judged that China will soon set off an upsurge in diamond investment. "Diamond entered the Chinese luxury goods market for 20 years. China has now become the world's second-largest diamond consumer market after the United States. In the United States market, consumption from China also accounts for a large proportion." Wang Donglei said, "With China now With the purchasing power of people and the continuous improvement of people’s awareness of diamonds, China will soon surpass the United States and become the world’s largest consumer of diamonds.â€
Moreover, there is a sharp fall in the prices of precious metals such as gold and silver, investment risks, and real estate and stock markets are in a bad mood. It is no surprise that “diamond investmentâ€, which is still new in the country, has become a new favorite of financial management.
The only standardized commodity diamond in jewelry is the world's oldest gemstone, and its diamond resources are not renewable. Through surveys and assessments, some experts believe that the world’s existing diamond resources can be mined for up to 40 years.
In 2010, the world’s largest and oldest diamond mining company, De Beers, published the “peak theory of diamondsâ€, claiming that the world’s diamond resources are depleting, and the speed with which other products replace it is insufficient to meet long-term needs. Therefore, they will "permanently reduce production."
Wang Donglei told reporters that at home, investors may be more inclined to gold and silver, while in foreign countries, it is relatively easy for people to accept this type of financial management. “The price of gold and silver has an international uniform price on each trading day, and the spread between domestic and foreign markets is controlled within a certain range, which can give investors a sense of security. Everyone knows that in fact, there is also a quotation for diamonds, and its international quotation is weekly. Updates, diamonds are the only standardized products in the jewelry that have prices,†Wang Donglei said.
In some World War II movies, there are often such episodes: The Jews were met with martyrdom, and when they were displaced, they took a small bag of diamonds and began to flee as a whole family. From this it seems that two characteristics of diamonds can be seen: easy portability and global circulation.
"Compared to gold bars, diamonds can be worn to show people's grades and tastes, and they can preserve their value as if they were gold bars, or even appreciate." Wang Donglei said.
How to invest in diamonds?
Wang Donglei told reporters that prior to this, due to the problem of diamonds being "difficult to repurchase," diamonds would only be sold in two forms: "auction" and "pawn." "The auction focuses on diamonds that are worth more, are more special, or are rarer; and the pawn channel can only get back about 60% of the original diamond."
To make diamonds into products, Wang Donglei’s first thing to solve is the “difficulty of realizing†problem. “The biggest difference between us and diamond sales in shopping malls is that we can buy back and provide value preservation services for our customers.†Wang Donglei revealed that members of the company can use the “consignment†method to purchase diamonds from the club.†On behalf of the sale, the return rate can reach more than 20%.
In addition, it has become a member of Zhenling Yingxing and purchases diamond products. Within two years, the clubhouse pays the members 5% of the value of the diamond products purchased each year. A year after the purchase of the diamond, the club can buy back at the purchase price. "Even if a member buys diamonds for many years, we will still buy back products as long as the product quality is preserved. Of course, the repurchase price will refer to the current price."
“Also, because our products are directly purchased from foreign raw materials suppliers, eliminating the need for intermediate links and price increases in the traditional jewellery industry, diamonds bought at our clubs often cost 30% to 50% of the prices of traditional retailers. "Wang Donglei said.
At present, Wang Donglei is negotiating with several domestic banks and hopes to work with banks to develop diamond products. “We have signed cooperation letters of intent with several banks. In the near future, people will be able to carry out diamond business in banks,†said Wang Donglei. Reporter Cui Xiaolin (Jin Jiayu also contributed to this article)
The world’s top ten diamonds 1. The African Star “African Star†is the largest cut diamond in the world and weighs 3,106 carats. The diamond was cut by a U.S. company and the company decided to cut it six months after researching the diamond.
2. Mountain of Lights This diamond has the oldest recorded history, dating back to 1304. It was cut again when Queen Victoria was in place and was later set in the crown of the Queen of England. The diamond now weighs 108.93 carats.
3. The Iksar repair diamond “Ikshaxu†is the second largest diamond ever discovered in the world.
4, the eye of the diamond diamond This is a flat pear-shaped diamond, the size of an egg. The "eye of the god" weighs 70.2 carats. It is said that it was the "ransom" of the Turkish Sultan who was handed to the exchequer by Kashmir.
5. Big Mughal Diamonds The big Mughal is a diamond discovered in India in the 17th century. The Great Moghul was named after Shakyamhan, the builder of the Taj Mahal. However, this diamond was later missing. Some people think that the mountain of light may be cut from this diamond.
6. The Regent King Diamond Regent Diamond was discovered by an Indian slave in 1702 near Gukangda. Regent Diamond is known for its rare purity and perfect cutting. It is undisputed as the world's most beautiful diamond.
7. Orlov Diamond Orlov diamond is the third largest diamond in the world. It has the typical purity of India's most beautiful diamonds, with a little blue-green color.
8. Blue Hope Diamond It is believed to have the characteristics of the famous Taviner Blue Diamond, which was brought from India to Europe in 1642. It used to belong to King Louis XIV of France. Today you can see this diamond at the Smithsonian Institution in Washington.
9. Schenich Diamond It originally belonged to the Duke of France's "Bold Charles" in Burgundy. The Duke lost the diamond in the war in 1477. The Sinh Diamond is light yellow in colour from India and is said to be the first large diamond to be cut to have a symmetry.
10. Taylor Barton Diamond This pear-shaped diamond was discovered in 1966 in the first mine in Transvaal, South Africa. Richard Barton bought the diamond for Elizabeth Taylor for $1.1 million and renamed it "Taylor Barton."
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