Graff plans IPO in Hong Kong

Graff Diamonds is reportedly planning to raise around $1 billion, through an initial public offering in Hong Kong. The London based retail giant is looking forward to expand in the growing diamond markets in Asia – especially India and China, with the intent to tap the high-end gem markets there. As reports suggest, the retailer plans to open stores in Asia.

The IPO adviser to Graff is reported to be investment bank – Rothschild.