Following the launch of a China Rarities Index last month, rare stamp and collectibles dealer, Stanley Gibbons Group plc (LSE: SGI), announce their Asian expansion. Jersey-based Stanley Gibbons Group plc, the AIM listed Company which trades in stamps, historical documents and rare signatures for collectors and investors is pleased to announce that it will open a new office in Hong Kong in September this year.
The Group has been preparing for the move since 2010 following the demand in China and other Asian countries for rare stamps and other premium collectibles to hold as trophies and investments. “This is a major step in our strategic growth as we seek to develop profitable markets and channels for the benefit of collectors and investors worldwide,” said Keith Heddle, Director of Sales & Marketing.
Following preliminary visits by Stanley Gibbons specialist staff to that region, significant orders were secured from China for Penny Blacks – the world’s first and most famous postage stamp.The Hong Kong office places Stanley Gibbons in a strong position to buy rare Chinese stamps to satisfy increased market demand both in Britain and in Asia. The Group, with its in-house Chinese stamp specialists will look to build their holding of Chinese stamps. This specialisation also allowed Stanley Gibbons to launch the China Rarities Index, which tracks the change in prices of rare Chinese stamps and shows an average annual growth of 44% between November 2006 and April 2011.The Hong Kong office is due to open in September this year, with a full launch planned for later in the year.