According to recent news, Harvest Holdings isplaning to set up the international jewelry group together with Mr. ZhouShutang, family member of Chow Tai Fook, a famous Hong Kong jewelry brand andthe Al Habtoor Group, an Arabian Business Magnate. On August 9, Mr. LinChenghai, Board Chairman of Harvest Holdings, went to Dubai to attend thesigning ceremony of cooperation framework agreement.
Mr. Lin Chenghai, Board Chairman of HarvestHoldings and Mr. Zhou Shutang
Mr. Rashid Khalaf, inheritor of Al Habtoor Groupand Mr. Lin Chenghai
Registered in Dubai, the business sector of thejewelry group will cover the entire globe. The product positioning targets athigh-end extravagant brand and recognizes royal families, social elites andhigh-end consumer group as main costumers. The Harvest Holdings, Mr. ZhouShutang and Al Habtoor Group will bring the superiority of each other into fullplay, as well as complement everyone’s advantages in capital, material, design,sale and brand construction to build the mighty new brand. The establishment ofjewelry group this time also represents thoroughness of Harvest Holdings’international businesses, as well as perfects the diversity and completeness ofthe operation distribution of the group.
Harvest Holdings has merged the Henela IslandInvestment in Namibia since 2018, as well as acquired mining right of 23diggings including precious metal, diamond, gems, copper, zinc, lead anddolomite. Among which the precious metals, diamonds and gems will be providedto jewelry companies from different nations, and the industrial materials willbe exported to Europe. To raise the profit level as well as complete theindustrial layout, Harvest Holdings decided to cooperate with internationalmagnate o establish the own jewelry group.
‘ The reason for the registration in Dubai,’ saidby Mr. Lin Chenghai, Board Chairman of the group, ‘Firstly, the degree ofinternationalization is high enough to carry out global businesses; secondly,Dubai has already become one of the most developed commercial area in theworld, the products and services here share the function of orientation;lastly, the characteristic of the city attracts me a lot. There are so manyNo.1 here, including the highest tower, biggest artificial island and the mostluxurious hotel. This matches with our vision of being the best in jewelryfield.’
Currently, the jewelry industry still possessesgreat potential especially in international markets. The high-end jewelrybrands will become the products that prevails between elites. With theimprovement of income level and consumption consciousness, the integrationspeed of the industry will be faster, and the market will be more and moremature. In the end, only those high-end large scaled international jewelrygroup will become the winner.
Second Son of Zhou Zhiyuan, Founder of Chow TaiFook
Mr. Zhou Shutang is the second son of ZhouZhiyuan, the founder of Chow Tai Fook. In his early years, he shows nointerests in jewelry industry and his family businesses. As a result, hedevoted himself in the construction industry, and managed the real estate departmentof Chow Tai Fook Group. Afterwards, he started his own business and createdmillions of thousands of treasure. After several times of communication withHarvest Holdings, Mr. Zhou highly agreed the managing thoughts of the group andset a new understanding in the concept of jewelry industry. He hopes to inheritthe jewelry culture to the descants as a idea and quality.
Al Habtoor Group
The Business Magnate in Dubai
The Al Habtoor Group was incorporated in 1970 anddeveloped together with the UAE. It is now one of the most respectedenterprises in Arabian areas. The business sector of the company covers hotel,car dealing, real estate, engineering, health care, education investment andpublishing.
The Group’s hospitality division includes 14 world-class hotels; seven locally and seven abroad. The portfolio includes:Habtoor Grand Resort, Waldorf Astoria Dubai Palm Jumeirah, Habtoor Palace, LXR Hotels & Resorts,V Hotel, Curio Collection by Hilton, Hilton Dubai Al Habtoor City, Metropolitan Hotel Dubai, Al Habtoor Polo Resort in UAE and Dubai, as well as Imperial Hotel, a Luxury Collection Hotel, Vienna (Austria), Hilton London Wembley (United Kingdom), Hilton Beirut Habtoor Grand (Lebanon), Hilton Beirut Metropolitan Palace (Lebanon), President Abraham Lincoln Springfield – a DoubleTree by Hilton Hotel (United States), InterContinental Budapest (Hungary) and The Ritz-Carlton, Budapest (Hungary)