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Graff Diamonds gets go-ahead for IPO

Hong Kong regulators gave London-based jeweller Graff Diamonds listing approval for its plan to raise around USD1 billion via an initial public offering, a person familiar with the situation said on Thursday.

The company, known for selling the world’s most expensive jewellery, would follow other luxury brands that have had Hong Kong offerings in the past year. Italy’s Prada listed last June, while the world’s largest jeweller, Chow Tai Fook Jewellery Co., controlled by Hong Kong tycoon Cheng Yu-tung, raised USD2 billion in an IPO in December.