Graff Diamonds, the London-based purveyor of ultra-high end diamonds and diamond jewelry, may float its planned Hong Kong IPO in the second quarter of this year, Bloomberg Businessweek reports, quoting unnamed sources “with knowledge of the matter.”
Graff declined to comment, Israelidiamond.co.il reported.
The diamond company raised much interest when its plans to issue an IPO in Hong Kong were reported in November. According to the Wall Street Journal, Graff – which already has a strong retail presence in Asia – intends to float an IPO worth $1 billion.
In December, financial news outlets reported that Graff Diamonds had hired Credit Suisse, Deutsch Bank, Goldman Sachs, and Morgan Stanley in preparation for the offering.
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