China's first "Diamond Bank" in Guangzhou

The economic downturn has led to a lack of investment collections. Some surveys show that the price of brand diamonds in some retail stores in Guangzhou has not changed significantly in the past five years. However, the re-activity of the market's working capital after the central bank's double-drop last Friday brought business opportunities to the merchants. On the 27th, the Golden Diamond Jewelry Building in Guangzhou Agriculture and Forestry Road opened, and the first “Diamond Bank” in China appeared at the same time. The Yangcheng Evening News reporter understands that consumers can achieve the secondary circulation of diamonds through this “Diamond Bank”. According to Xiao Hanrong, president of the Guangzhou Chamber of Commerce of Gold and Silver Jewelry Industry, the wholesale price of diamonds has only slightly increased this year, but it will usher in new opportunities for investment in collecting diamonds.

"Diamond Bank" can buy diamonds back
Unlike gold, stocks can be realized at any time. Although diamonds are noble, repurchasing or realizing is not easy for ordinary consumers.

The reporter investigated the Guangzhou diamond sales market and found that the average consumer can only use the pawnshop to realize the repurchase and realization of the diamond. The pawnshop’s requirement for the realization of the diamond is generally to ask the consumer to show the shopping receipt after the test, according to the purchase price. Pay between 30% off and 30% off. Some brand jewelry stores also offer ways to redeem the original jewelry, but generally can not be realized.

Today, the “Diamond Bank” appearing in Nonglin Road, Yuexiu District, Guangzhou, is mainly engaged in diamond investment, liquidation, storage and repurchase business. According to Xiao Hanrong, president of the Guangzhou Gold and Silver Jewelry Industry Chamber of Commerce, on this platform, companies can use diamonds to apply for loan financing from banks, and individuals holding diamonds can also participate in bank wealth management services.

Specifically, the diamonds purchased by consumers in the Golden Diamond Jewelry Building can be repurchased.

“Classified according to three grades, some diamonds with high collection prices will be able to sign a 10% contract with consumers for three years. The diamonds purchased by consumers will be sold for 10% after three years. The second category is Is the function of value preservation, that is, how much money to buy diamonds can be exchanged here according to the original price, or according to 8.5 fold to 10 fold; the third category is generally less than 8,000 yuan of diamonds, this product has to be repurchased to play 7.5 You can get cash in the fold." Xiao Hanrong explained.

Not only for consumers, the “Diamond Bank” also builds a platform for diamond companies.

The Diamond Bank has not yet opened, and there are already associations and companies from countries such as Belgium that produce and process diamonds to discuss cooperation. Xiao Hanrong introduced that there are currently several diamond banks in Belgium, and there is not one in China. Diamonds are the best in investment and have a stable appreciation. "If Chinese private enterprises support and cooperate with domestic banks, they will go abroad and establish diamond banks in South Africa and Belgium, occupying a position from the origin and trading market. This can help to make Guangdong manufacturing out of the world. The world's capital is introduced to help private enterprises develop.” Xiao Hanrong said that the next step, Guangzhou “Diamond Bank” will build this platform, allowing the world's diamond resource providers to directly connect with domestic buyers, bringing full integration of capital and supply. .

Does diamond have investment value?
The economy is in a downturn. Some surveys show that the price of diamonds in branded jewellery in some shopping malls in Guangzhou is almost the same as that of five years ago. Does diamond have investment prices?

“In fact, the wholesale price of high-quality diamonds has increased. The price of 1 carat VVS1 white diamond has increased by 5% since January 2014. The wholesale price of 3 carat white diamonds has increased by 14 since January 2014. %, the increase of 5 carats of white diamonds of the same grade is 11%. The price of colored diamonds is several times higher than that of the same period of the previous year." Xiao Hanrong revealed to the reporter of Yangcheng Evening News that in fact, the current consumer between 30 and 50 years old is diamond consumption. And the main crowd of investment collections, showing a trend of increasing in the middle and high-end investment field.

Investment must look at the price. The price of loose diamonds sold by “Diamond Bank” is based on the wholesale price. The person in charge of the Guangzhou Jinyin Jewelry Industry Chamber of Commerce introduced that the price is higher than the market because the purchase comes from the world’s largest jewelry processing base, Panyu Shawan Jewelry Industrial Park. Similar products are 30% cheaper. It is reported that 60% of the products in the market, the world's third largest jewelry processing and export center, are from the Panyu Jewelry Processing Base, and 95% of the brand's jewelry are processed and produced by Panyu.

Some insiders believe that although investment diamonds are only small investment products, they still have a certain investment space because of the international standard. The most important thing is to choose the right products and professional after-sales service. Once the channels of secondary circulation are opened, the investment value of diamonds will also increase.

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