Antiquorum’s May 13 auction of “Important Modern & Vintage Timepieces, Featuring the 40th Anniversary of the Audemars Piguet Royal Oak” totaled CHF 7,466,737 with 148 % sold by value. This brought the total of Antiquorum spring sales in Geneva to 13,766,737 CHF

 Lively bidding for the collection of 469 modern and vintage timepieces was seen in the room as well as on the phone and internet.  Bidders participated from all corners of the globe including from Hong Kong, Taiwan, The Russian Federation, Germany, the United States as well as Switzerland.

The top lot of the sale was the Patek Philippe Ref. 2523 “World Time” (lot 469). The extremely rare 18K gentleman’s wristwatch with guilloche dial sold for an impressive 1,190,500 CHF, over twice is low estimate. Further illustrating rare Patek Philippe timepieces are in great demand by collectors, the Patek Philippe Ref. 2526 with black dial (lot 465) was acquired for CHF 86,500.

“Today’s remarkable result for the Patek Philippe World Time with guilloche dial is clear confirmation that the market is increasingly focused on pieces of the highest quality produced by the world’s most respected and recognized brands,” said Julien Schaerer, Managing Director, Antiquorum Geneva.

Another high point of the sale was the aggressive bidding for the Rolex Ref. 5512, Submariner with pointed crown guards that belonged to former Mossad Director, Isser Harel. In an exciting competition for the exceptional watch, there were multiple bidders  competing until  it reached CHF 100,000 at which point the impassioned battle was  down to two phone bidders and ultimately sold to an American bidder for a staggering CHF 248, 500, nearly nine times it high estimate and a world record for the watch.

“The outstanding price realized for the Rolex Ref. 5512 owned by former Mos sad Director, Isser Harel, is an indication that collectors are looki ng for  extremely rare and historically significant timepieces,” said Etienne Lemenager, Director, Antiquorum Geneva. “Not only is this an exceptional timepiece, but it is also associated with one of the most important figures in Israel’s history.”

Other Rolex watches that sold well and over twice their high estimates were the Rolex Ref. 2508 (Lot 287) and the Rolex Ref. 1587 “Jump-Hour, Prince Railway” (lot 459) which sold respectively for CHF 62,500 and CHF 60,000.

Competitive bidding was also seen for the enamel pocket watches offered in the May sale.  Exceptional examples made by great makers such as Patek Philippe and Vacheron Constantin elicited noteworthy prices; the Patek Philippe Ref. 715/5 watch with unique miniature portratit of General Lafayette by J. Pellarin-Leroy( lot  463) obtained CHF 134,500; while the Vacheron & Constantin’s “The Lacemaker” with enamel scene by Charles Poluzzi (lot 97) bro ught an incredible CHF  206,500, over ten times its high estimate.

The special Audemars Piguet Royal Oak chapter also saw some noteworthy results, with 159 %  sold by value.  The sought-after Royal Oak Jumbo “A Series”, No. 88 (lot 402) obtained CHF 40,000, over twice its high estimate and the Audemars Piguet Ref. 15400ST, Royal Oak, No. 1 sold for CHF 32,500, nearly three times its low estimate.

The watches from the property of a Japanese collector (lots 76 – 100) also attained significant totals, proving once again that Patek Philippe timepieces in superior condition bring outstanding prices at auction.  The Patek Philippe Ref. 3445 in white gold (lot 80), which has remained in new old stock condition, sold for CHF 37,500, over four times its high estimate; while the Patek Philippe Ref. 3580 (lot 81), thought to be the only known example of the Ref. 3580 with a round case, fetched CHF 40,000, over three times its high estimate.

 Also confirmi ng that collections that focus on quality attain superb results at auction, the property of the German Collector (lots 101 -164) fared extremely well. The well -maintained examples of time-only  Patek Philippe references , some of which had not been seen at auction for years, were highly coveted by collectors across the globe.

Finally, Cartier also attracted bidders’ attention with its Art Deco timepieces in the May sale. The “Cartier Montre de Poche en Cristal de Roche”, the rare platinum and rock crystal  skeletonized keyless dress watch from circa 1920 (lot 454), achieved CHF 51,250 and the possibly unique platinum and diamond bracelet watch (lot 455) sold for CHF 98,500, nearly twice its high estimate.

Antiquorum looks forward to its next auction on June 12 in New York which will feature rare Patek Philippe timepieces as well as an extraordinary collection of Jaeger-LeCoultre wristwatches.

100% sold by lot and by value, this superb collection far exceeded its total pre-sale estimate. As a result of its success, The Lily Safra Foundation has decided to donate the full proceeds of the sale not only to the 20 charitable institutions previously announced but also to 12 additional organisations.

The top lot of the sale was a 32.08 carats cushion-shaped Burmese ruby and diamond ring, by Chaumet, sold for US$6,742,440 / SFr.6,243,000 against an estimate of $3,000,000-5,000,000, setting a new world record price for any ruby sold at auction. Formerly in the collection of Luz Mila Patiño, Countess du Boisrouvray, it has been renamed ‘The Hope Ruby’.

The extraordinary group of 18 jewels by JAR, the largest ever seen on the market from a single-owner collection, sold 100% by lot and by value, totaling US$11,473,920 / SFr.10,624,000 and becoming the most valuable private-owner collection of JAR jewels ever sold at auction.

Rahul Kadakia, Head of Christie’s Geneva and New York Jewellery Departments, commented: “After having achieved a world record total for a jewellery charity auction, Mrs. Safra received a standing ovation as she walked into the saleroom at the end of the sale to thank every buyer and bidder who contributed to this evening’s great success. Christie’s is proud to have been part of such a major philanthropic event”.

Mrs. Lily Safra declared: “From the bottom of my heart, I want to thank everyone who participated in this evening’s success. I am overjoyed, knowing that so many people in need around the world will benefit. Like the jewels sold tonight, these extraordinary organizations make the world a more beautiful place, and it is a great privilege to be able to support them. I am also delighted to announce that due to the success of the auction, 12 additional organizations will each receive $1 million in support of their work”.

All the proceeds from the sale of the collection of Mrs Lily Safra

will benefit 32 charitable institutions

Agahozo-Shalom Youth Village, Rwanda

ALEH:  Caring for Israel’s Disabled

Alfredo J. Monteverde School, Natal, Brazil

A Window to Tomorrow – A Computer for Every Child, Israel

Children Action, Geneva, Switzerland

Claude Pompidou Institute for Alzheimer’s Disease, Nice, France

Edmond and Lily Safra Center for Brain Sciences, The Hebrew University of Jerusalem

Edmond and Lily Safra Children’s Hospital, Tel Hashomer, Israel

Edmond J. Safra Family Lodge at the National Institutes of Health (NIH), Bethesda, Maryland, USA

Elton John AIDS Foundation (worldwide)

Fight AIDS Monaco

Henry Street Settlement, New York

Hope and Homes for Children, Romania

Hôpitaux Universitaires de Genève 

Imperial College, London: Edmond J. Safra Chair in Neuropsychopharmacology & Edmond J. Safra Chair in Radiochemistry

Institute for Brain and Spinal Cord Disorders, Pitié-Salpêtrière Hospital, Paris

Israel Philharmonic Orchestra

Jordan River Village Camp for seriously ill children

Keren Shemesh, Israel

King’s College, London: Edmond and Lily Safra Parkinson’s Research Fellowships

Le ballet de l’Opéra national de Paris

Les Restaurants du Cœur, France

Michael J. Fox Foundation for Parkinson’s Research, USA

Museum of Jewish Heritage, New York

New York University, Parkinson and Movement Disorders Center

Royal Opera House, London

UNICEF, USA 

Université Joseph Fourier, Institut des Neurosciences, Bâtiment Edmond J. Safra & Institut Clinatec, Centre de Recherche Edmond J. Safra, Grenoble, France

University of Toronto and Toronto Western Hospital, Canada: Edmond J. Safra Program in Parkinson’s Disease (Dr. Anthony Lang & Dr. Andres Lozano)

Water Treatment Program, Amélia Rodrigues (Bahia), Brazil

Yad Vashem International School, Israel

Yahad-In Unum, France

Selected Beneficiary institutions declared:

David Furnish, Chairman of the Board of the Elton John AIDS Foundation, said: “Lily Safra is a dear friend of Elton’s and mine, but more than that, she has been a true champion in the fight against AIDS. Her support of our critical work has been invaluable.  Elton and I are so thankful for her continued generosity through this wonderful auction, and we are very proud of her longtime, personal commitment to AIDS awareness, treatment, and prevention.”

Anne Heyman, Founder of the Agahozo-Shalom Youth Village in Rwanda, said: “Since its inception a short four years ago, Lily Safra has shown extraordinary support for Agahozo-Shalom.  Due to her generosity we were able to construct sufficient buildings so that we can now comfortably house and educate 500 Rwandan orphans at a time.  The additional support we receive this evening will help us to build and strengthen our professional skills programming, so that a child who leaves Agahozo-Shalom not only has a high school diploma but also a skill set relevant to the Rwandan job market”.

Professor Sir Richard Trainor, Principal and President of King’s College London, said: “Mrs. Safra has long been a major benefactor to us, helping young scholars in Parkinson’s disease research to reach the next stage in their careers. The Edmond and Lily Safra Research Fellow programme, which we are very proud to host, will be able to take the next step forward with this latest very generous gift”.

Global luxury goods sales are defying initial concerns over Eurozone turmoil and fears of a cool down in emerging markets, and will exceed €200 billion in 2012; this according to Bain & Company, the leading advisor to the global luxury goods industry, in the Spring 2012 Update to its industry bellwether “Luxury Goods Worldwide Market Study,” which was unveiled at a conference hosted by Fondazione Altagamma (the Italian luxury goods industry trade association). Bain further expects an average of seven to nine percent annual increases in global sales to fuel luxury brands’ growth aspirations until the middle of the decade.

“The lessons they learned in earlier emerging markets will help, but they now must manage even broader diversity of consumer preferences, and more variations in their model of how to take products to market.”

The study points to a continuation of the core market trends that created sharp recovery from luxury’s 2008- 09 recession: growth of online sales, rapid expansion in China, and shift from wholesale to direct-owned retail remain factors to watch. As the industry matures around its global retail and e-commerce capabilities, however, the Bain study identifies new factors to watch in the mix of consumers and products that define the industry. Most important, Bain finds that luxury has become a more truly global market. Growth for 2012 of two to four percent in Europe, five to seven percent in the Americas, and as much as two percent in Japan will generate the highest sales in terms of absolute numbers. At the same time, China’s growth of 18 to 20 percent now stands alongside resumed growth in India and Russia, where recovery was delayed, and in a host of new markets where the luxury market is solidifying, including Azerbaijan, Brazil, Indonesia, Kazakhstan, Malaysia, Mexico, South Africa, Turkey and Vietnam.

“Brands must develop strategies with much wider reach than ever before,” said Claudia D’Arpizio, a Bain partner in Milan a nd lead author of the study. “The lessons they learned in earlier emerging markets will help, but they now must manage even broader diversity of consumer preferences, and more variations in their model of how to take products to market.”

As consumers and product trends evolve, the study also finds that hard and soft accessories will consistently outperform even the rapid-growing luxury sector, as much as double the growth rate of other luxury categories. Market growth is tilting to the absolute end of the luxury spectrum, with the true highest-end brands and products outperforming more accessible offerings by two to four percent a year. Within these trends, Bain has identified the top nine market-defining factors for luxury in the next three to five years:

Chinese consumers, including their spending as tourists, now account for over 20 percent of global luxury sales. Asian consumers (i.e., adding Japan, Korea, and Southeast As ia) account for more than 50 percent

Thirty percent of global luxury sales now occur within emerging markets

The average age of Asian luxury consumers is decreasing steadily, while that in Japan, Europe and the United States increases, creating a new generation of luxury consumers, but with very different tastes and preferences

Women are encroaching on traditional male purchases (business attire, luxury watches), as women’s spending becomes increasingly independent

Men are increasingly likely to seek traditionally female brand dimensions around “fashion” and “beauty” as well as product functionality

Luxury product usage has crept in to more casual occasions, which in turn affects the kinds of products that brands develop (e.g. casual-chic apparel lines)

Luxury is fueled by newer and bigger money. In turn, consumers’ insatiable chase for higher quality and greater craftsmanship/materials favors absolute luxury offeri ngs

Premium and fast-fashion brands are forcing luxury bran ds to rethink their value proposition by competing directly with lower segment luxury

The convergence of stores, e-commerce, social media and mobile commerce is creating an “omnichannel” experience for consumers

“Fast growth is bringing even faster change to the luxury sector,” concluded Bain’s D’Arpizio. “With more markets to manage and accelerating trends to anticipate, brands that struggle to respond quickly may find the markets’ rapid growth a double-edged sword.”

It brings together three stars in the same image: the Eiffel Tower, the French model Laurine, and the Opéra watch.

Made by the Parker+Parker agency and shot by fashion photographer Sébastien Cottereau, the new SAINT HONORE campaign celebrates the SAINT HONORE woman.

“This new campaign is all about style and dreams. It is dedicated to women and to Paris, two major themes of the SAINT HONORE brand. Around the world, Paris is recognised as the capital of trends and fashion. From Tokyo to New York, Dubai to Moscow, women everywhere have a great admiration for the French capital. It is an incredible asset and we wanted to show it at its best in an elegant, high-impact visual. The colours, the diamond pattern, the Eiffel Tower, Laurine herself, all come together to create a magical dream,” explains Olivier Birault, the brand’s CEO.

The campaign is as innovative as the SAINT HONORE brand, and introduces the “French-damier” diamond motif, a new theme for the brand, and presents the very glamorous “Diamond EclairTM” version of its best-selling Opéra watch.

The campaign is another step forward for SAINT HONORE in terms of strengthening its identity and boosting its international development.

“Our watches are like Parisian women – elegant, seductive and contemporary – and like Paris itself: a savvy blend of tradition, with its majestic avenues and attractive buildings, and innovation, with its trendy districts, fashion shows and festivals. It truly is the City of Light.” 

Mr Malkani will take up the position of Chief Operating Officer, India for Rio Tinto’s diamonds business on July 1. Mr Malkani, an engineer by training, will be joining the diamonds business as the Bunder project moves into the advanced stages of its pre-feasibility study.

Commenting on the new appointment, Mr Bruce Cox, Managing Director of Rio Tinto Diamonds said,

“I am delighted that Tarun is joining the diamonds business in India at such a pivotal time in the development of the Bunder project. Tarun’s extensive experience in a number of diverse industries, both in established and emerging markets will be invaluable in identifying opportunities for advancing Rio Tinto’s diamond business in India.”

Most recently Mr M alkani was Director for Rio Tinto’s aluminium business in India. Under his leadership the aluminium business grew strongly with a sharp focus on health and safety while implementing projects for customers in remote sites in India. Prior to joining Rio Tinto Tarun was based in Singapore, most recently as the Global Marketing Head, for Solutia’s architectural business where he successfully developed and implemented business strategies in Asian and global settings.

According to Mr Malkani,

“These are exciting times for the Indian diamond industry. I am looking forward to working with the team at Bunder and building on our reputation in India as a valued partner across the whole diamond supply chain.”

On May 23, Bonhams will host its inaugural Gems, Minerals and Lapidary Works of Art auction—the first auction of its type ever to be conducted by an international auctioneer. Over the past several years, Bonhams gemologist and co-consulting Director of the Natural History Department, Claudia Florian, has seen a need for such a specialized auction increase. States Florian, “in recent years we have seen a watershed phenomenon of baby boomers inheriting a great number of gemstones which they desire to dispose of yet have few outlets to do so……there is an increasing demand for an auction in this niche field, and the quantity of property consigned recently was so abundant that it warranted its own auction separate from our regular Natural History auctions. Much of the auction is to be offered without reserve. Experienced and new collectors are invited to preview the sale in Bonhams’ New York galleries starting Saturday, May 19th or online, where one will find many enticing additions to their collections.

At the core of this auction are two large liquidation properties, the first of which was consigned by recently retired jeweler, Robert Wander which consists of gemstones he purchased over three decades but never had the opportunity to use in his designs. Well known for his lines of jewelry carried by Neiman Marcus, particularly in Texas, he marketed his designs under the aegis of his company, Winc Creations and was particularly well-known for his branded line known as the “Crystal Candy” collection. Selecting gemstones which had some natural imperfections, but strong color, he had them cut in a style known as “mirror-faceting” incorporating a large table facet and virtually no crown facets, easily allowing a view into the interior of the gemstone. These allowed Wander to create one-of-a-kind pieces which embraced the individual beautiful imperfections of the natural stone.

The second collection of gemstones, comprising over 60 lots of the auction, is property de-accessioned by a London dealer who had a fifty-year career who specialized in the sale of fine quality rubies, sapphires and spinels. Sold as parcels sorted by size, they can be used as side or accent stones or in pavé settings and will attract designers and jewelers alike because of their beauty and enticing prices. Both of these collections are to be sold without reserve to the highest bidders.

Another section in the sale is the impressive “100 Carats Club.” Stones in this section of the auction are ones that may be too big to mount in jewelry but certainly attract attention as cabinet specimens. Citrines, smoky quartzes, aquamarines, a 250 carats grape-purple amethyst, a stunning 1,300 carats blue topaz and an exceptional, world-class peridot of 232 carats—which is still of the size that could be mounted as a pendant—are among the many stones which are featured.

Rare natural pearls compose another part of the auction. Highlighting the group are brilliant orange Melo pearls from the coastal waters of Vietnam, bright pink Conch pearls from the Caribbean, as well as a very rare, white tear drop-shaped pearl from the Giant Clam shell known as Tridacna gigas.

Gemstones that possess an optical phenomenon, such as a cat’s eye, star, opalescence or color change, comprise another part of the auction.

Also included in the sale are mineral cabinet specimens that range in size from thumbnail to room-sized display pieces, lapidary works of art with highlights from German artist Gerd Dreher and decorative items such as intarsia and pietra dura table tops as well as bowls and boxes.

In particular, the WDC expressed its support for discussions to widen the conflict diamonds definition in the Core Documents of the KPCS, beyond the current definition which limits its scope to diamonds that finance civil conflict. The Plenary Session affirmed a proposal that conflict diamonds should cover “diamond-related violence in rough diamond producing and trading areas.”

“The World Diamond Council was not established to protect the narrow interests of the diamond and jewelry industries in the evolving campaign agai nst conflict diamonds, although it clearly was in our interest that conflict diamonds be eliminated from the face of the earth,” said Eli Izhakoff, the President of the World Diamond Council. “The WDC was established to articulate our refusal to allow the product, to which we have dedicated our careers, be used as an agent of suffering and oppression. Under no circumstances should the diamond be associated with collective violence against communities.”

In her keynote address at the Annual Meeting, Susan Shabangu, South Africa’s Minister of Mineral Resources, also spoke of the need to reassess the KPCS a decade after it was introduced. 

“The geopolitical environment within which diamonds are traded is constantly changing. As such, it is important that institutions that oversee the legitimacy of the diamond trade constantly sharpen the efficacy of their tool to be swiftly responsive to such changes in order to remain c urrent and relevant,” she stated.

“The cha llenge to the sustainability of this industry is no longer limited to stemming the trade of conflict diamonds, but today, it also means ensuring that we support the fledgling democracies, and emergent economies previously ravaged by conflict fueled by the illicit trade of this commodity,” Ms. Shabangu said. “How do we take this commodity which has been distorted into a symbol of oppression, violence and inequality into a beacon of hope and prosperity for all? It can only be by ensuring that the citizens of these producer countries enjoy a fair share of the revenues generated from their diamond endowments.”

In her address to the Plenary Session, U.S. Ambassador Gillian Milovanovic, spoke of the need of the Kimberley Process to codify practices that it has already been implementing for several years. She suggested that the definition of conflict diamonds be modified to cover “rough diamonds used to finance, or otherwise directly related to armed confl ict or other situations of violence.” 

“I want to emphasize that this modified definition will encompass situations already encountered and dealt with in ad hoc manner by the KP and will include clear guidelines derived from international legal principles that ensure all nations and trading entities know exactly what diamonds must be prevented from entering the supply chain, on a mine-by-mine or site-by-site basis. This new definition of conflict diamond would, like the present one, represent a minimum requirement for certification,” Ambassador Milovanovic stated.

In its resolution the WDC considered the proposal by the KP Chair a good basis for moving the discussion forward.

Also addressing the Plenary Meeting was Tung-Lai Margue, the Head of the Service for Foreign Policy Instruments of the European Commission, which is the agency responsible for overseeing the Kimberley Process in the Eu ropean Union. He praised the WDC for its contribution to the work of the Ad-Hoc Committee on KPCS Reform, which was recently met in Brussels. “It is important to emphasize and promote the active role that observers play within the different working groups and committees of the KP. They have made valuable, often leading, contributions in the past, and hopefully they will continue to contribute actively and constructively to these groups going forward,” he said.  

“The WDC has a particular role to play,” Mr. Margue continued. “The industry has specific responsibilities throughout the diamond supply chain, from the protection of the livelihoods and communities where its resources are coming from to remaining credible in the face of its consumers. In light of this, the WDC should be encouraged to take further steps to ensure that cut diamonds will only be traded if the transformed rough diamonds can be traced back to their KP certificate.”

In a another vote, the General Assembly of the WDC agreed to expand the size of its board of directors from 20 to 25 members.

The 8th Annual Meeting of the World Diamond Council was hosted in Vicenza, by the Fiera di Vicenza. In a special session which preceded the Plenary Session. Mr. Izhakoff played special tribute the Fiera’s president, Roberto Ditri, and its CEO, Corrado Facco, for their organization’s generosity and effort making the event possible.

The World Diamond Council has paid a special tribute to De Beers Chairman Nicky Oppenheimer at the Gala Dinner which concluded the organization’s 8th Annual Meeting in Vicenza, Italy. 

Presenting Mr. Oppenheimer with a silver plate to mark the occasion, WDC President Eli Izhakoff read the inscription which recognized the De Beers chairman for his many years of dedicated support for the World Diamond Council and the Kimberley Process. 

“As a leader and a mentor [he] recognized the diamond industry’s potential to contribute to the wellbeing and future of all its stakeholders,” Mr. Izhakoff noted.

Speaking to gathering, Mr. Oppenheimer, who was accompanied by his son Jonathan and other senior De Beers officials, said that the World Diamond Council dinner would be the last industry event that he would address before his retirement from De Beers.

“Like the Kim berley Process, the WDC will also need to evolve to ensure that it can continue to represent the diamond industry effectively in its engagements with governments and other stakeholders,” Mr. Oppenheimer said. “The industry is growing in its global reach and new consumer markets, emerging trading and polishing centers and new producers must have an equal voice in the future direction of our industry as they stand alongside more established markets and producers. There is no doubt in my mind that the World Diamond Council’s success over the next few years will be measured in part by how effective it is in building bridges of understanding across the diamond pipeline to the benefit of both producers and markets.” 

“As I contemplate an imminent change in my personal circumstances in the next few months, I am often reminded that only a diamond is forever. Be that as it may, I am confident that WDC and our industry as a whole take the steps necessar y to ensure that it can continue to promote the enormous good we are capable of achieving and to defend the integrity and of our unique and beautiful product. Doing so simply requires that we remind ourselves, once in a while, that the value of diamonds stems not just from their rarity, brilliance and beauty but from their ability to absorb, amplify and reflect the emotional and symbolic qualities that we vest in them at each stage in their journey from the mine to the finger,” he stated. 

The dinner, which was hosted by the Fiera di Vicenza, was held in the Ca’ Marcello House, a grand16th century countryside villa set in the Veneto countryside.

The meeting elected a new board constituting of Timothy George, Magnus B Lindseth, Cheryl Brandon, Philip Gross, Fredrik Lindgren and Jacques McMullen. The board elected Fredrik Lindgren as Chairman of the Board. 

Statement from the chairman of the Board, Fredrik Lindgren: “We are very enthusiastic to begin to work with the IGE Resources Group and the mineral projects that are held within the Group. The key asset of the Group, Rönnbäcken, is a fantastic project with the potential to create substantial value for IGE and its shareholders. The Board will now focus efforts to quickly produce an optimized plan for NMR and the value building process of this project, including the change of the Group structure aiming to separate the Diamond and Nickel assets. With the support of the competent team of people within the Group at present in combination with a strong cornerstone investor in Waterton Global Value L.P and the wealth of expertise and experience brought by the new Board members, I very much look forward to be a part of the future development of the company.” 

About Waterton Global Value L.P: Waterton identifies strategic investment opportunities including providing equity financing and working with public junior resource companies on an operational level to create shareholder value. Waterton Global Value has a strong track record of helping companies create value though successful joint ventures. Waterton Global invests in resource companies with strong management teams, and high-quality assets in safe and stable jurisdictions in the mining, precious and base metals, and bulk commodities industries. Waterton Global fosters long-term partnerships with companies who have proven world-class potential and enduring growth prospects by providing senior-secured customized debt solutions with a relationship focus. Waterton Global leverages its experience as a leader in resource investing in Canada, one of the largest mining nations in the world. Waterton Global’s position in Canada and extensive network in key geographic regions around the world enable us to execute effectively across the globe.