Frbiz Comments on the China's Diamond Market

USA - English

• USA - English

BEIJING, May 28 /PRNewswire-Asia/ -- Frbiz.com, one of China's leading B2B search platforms, comments on the Chinese diamond market.

Frbiz reports that the rate of increase for raw diamond material is typically about 10% per year, while the recent months have seen it rise to 12%. It would seem to indicate that diamonds are becoming a special investment channel for many investors.

Frbiz interviewed members from the domestic diamond sales network, a site where typical orders usually amount to 0.1-0.2 million yuan. Recently, however, the company has been receiving many big orders -- with one investor even spending 500,000 yuan to buy a bare diamond. The price via this sales network is lower than 50% of the traditional sales channel price, making this type of purchase equal to a 1 million yuan diamond purchased via the traditional channels.

Frbiz has learned that the domestic market for diamond rings and necklaces is less active as that for bare diamonds bought purely for investment purposes.

At present, stock-market fever has extended into the diamond market, as international businesses have raised the purchasing price of raw diamond materials 12% compared to the price at the end of last year.

Frbiz analyzes that the diamond price will not drop. The rise in the volume of diamond sales is due to the increased interest from investors, especially after the announcement of China's new domestic real estate policy.

Last year, China surpassed Japan as the world's second largest diamond consumer. International data also shows that diamonds are a stable investment, with an annual appreciation of 5-10%.

Some buyers spend hundreds of millions to buy many diamonds, while in fact, they misunderstand the investment. Not all diamonds appreciate in value, many small diamonds have little value. One would be better advised to purchase a diamond that is more than one karat. The authentication certificate is also indispensable.

About Frbiz.com

Frbiz.com is a promising e-commerce company and a leading vertical search engine company in China. Frbiz.com offers a variety of high quality products such as mini fridges (http://www.frbiz.com/q-mini_fridges/ ), chainsaw parts (http://www.frbiz.com/q-chainsaw_parts/ ), lift recliners (http://www.frbiz.com/q-lift_recliner/ ) and many more.

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SOURCE Frbiz.com