Zijin Mining to take 9.9% stake in Montage Gold
As part of the deal, the Lundin Family Trust also agreed increase its stake in the company from 17.7% to 19.9%.
Luxury jewelry has traditionally not been considered as profitable as high-end watches, handbags and garments in the Chinese market.
But this is fast changing. The country’s fine jewelry market has been growing steadily in the past two years, and consumers are becoming more sophisticated.
