Graf abandons Hong Kong listing plan

Graff Diamonds Group, a luxury diamond brand, cancelled its plans to list on the Hong Kong stock exchange. The brand was said to have failed to obtain sufficient orders to support the listing plan.

The brand’s spokesperson issued the following statement: “Graff Diamonds Group decided to suspend the listing plan due to market reasons.” In addition, the brand also said that it has received a lot of investors’ investment intentions, but due to the market depression, the final decision was postponed. Hong Kong stock market listing plan.

Although the luxury goods market did not show any significant fluctuations, the high-end jewelry market still showed signs of recession. Tiffany & Co. Group last week said that sales in the Americas and Asia Pacific regions showed a declining trend in the first quarter, and Signet Jewelers also expressed The same worry.