HRD Antwerp Opens First Centre of Excellence in China

(IDEX Online) – HRD Antwerp has opened its first Centre of Excellence branch in Shanghai, as part of the City of Antwerp’s mission to Seoul and Shanghai, in the presence of the Mayor of Antwerp Bart De Wever and Antwerp’s Alderman for Diamonds Ludo van Campenhout.

China is the second most important and fastest growing market in the world for polished diamonds, making it a priority for HRD Antwerp, the organization said in a statement, making the opening of the Centre of Excellence an important step in expanding Antwerp's presence in the Chinese diamond jewelry market.

"A Centre of Excellence is a collaboration between a jeweler and HRD Antwerp. The close connection between a retailer and one of the leading certification institutes in the world is intended to give consumers greater trust in the jeweler. To this end, a Centre of Excellence will only sell diamonds and diamond jewelry that have an HRD Antwerp Diamond Grading Report. It is also a unique opportunity for HRD Antwerp to gain a stronger foothold in one of the most important markets for polished diamonds globally.

"The modus operandi of the Centres of Excellence is to offer select retailers attractive in-store tools clearly explaining the different steps involved in diamond grading process, thereby inspiring confidence in the product as well as the retailer. In short: consumer confidence is key, and the main message HRD Antwerp is promoting is 'choose wisely'. The concept is built around the 4Cs (Carat, Cut, Clarity, Color) as well as a ‘5th C’ of Certification and Confidence."

In Shanghai, HRD Antwerp is teaming up with Chow Tai Seng (CTS), one of the largest jewelry retailers in Mainland China to run the newest Centre of Excellence. CTS currently has 2,100 points of sale in 23 provinces in China. "This very important chain fully recognizes the quality and craftsmanship of Antwerp diamonds and their polishers, and actively promotes them. CTS is also the exclusive distributor in China of the ‘Love 100 Antwerp’, a unique diamond design created by Belgian diamond company Exelco NV.

"As a result of this collaboration and the opening of the Centre of Excellence in Shanghai, the quality and the interests of Antwerp diamonds will receive additional promotion in China, and HRD Antwerp will be able to further expand its presence in this important market."