Industry News by Nemesis

Alibaba, AWDC To Bring Antwerp Diamonds Directly To Chinese Consumers

November 6, 2018

 

The Antwerp World Diamond Centre and the Alibaba Group have signed an exclusive partnership to offer Antwerp certified diamonds to Chinese consumers via Alibaba’s B2C marketplace, Tmall.

 

The cooperation agreement was signed in the framework of the first China International Import Expo (CIEE), which is being held this week in Shanghai, the AWDC said.

 

The Antwerp diamonds will be available under the name “Shape of Antwerp” on the namesake flagship store on Tmall. The platform is secured at several levels, enabling customers to shop with peace of mind. Each diamond is accompanied by an HRD Antwerp certificate detailing the 4Cs of the stone (cut, clarity, carat and color). Additionally, HRD will laser a QR code onto the girdle of each diamond, which will include its certificate. By scanning this code, blockchain technology will enable the customer in China to follow the journey of the diamond he or she purchased back to Antwerp.

 

Once consumers have selected a diamond, they can have the stone set into a piece of jewelry. The Shape of Antwerp diamonds and diamond jewelry will be sold exclusively via Alibaba’s Tmall platform: Shape of Antwerp Online Flagship Store. The collection will also be on display during the CIEE.

 

“The growing demand for luxury goods in China is generating tremendous opportunities for international brands and businesses," said Jessica Liu, President of Tmall Fashion and Luxury, Alibaba Group. "The diamond market is benefiting from this trend, too, as sales are on the rise and China represents now the world's second largest market for polished diamonds.”

 

Ari Epstein, CEO of AWDC, said: “Thanks to the Shape of Antwerp collection, Chinese consumers may enjoy brilliant Antwerp diamonds set in lovely Belgian jewelry designs. We are looking forward to the reaction from the Chinese public.”

 

Pictured above: the cooperation agreement was signed by Nishit Parikh, President of AWDC, and Jessica Liu, President of Tmall Fashion and Luxury, Alibaba Group, in the presence of Kris Peeters, Deputy Prime Minister of Belgium and Minister of Employment, Economy and Consumer Affairs, in charge of Foreign Trade, and Zhao Ying, Chairman of Alibaba Global Business Group. The signing took place in the residence of the Belgian Consul General in Shanghai.

 

Source: Idex

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