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Image: A Kay Jewelers store in New Jersey. (Shutte
Signet Revenue Drops in First Quarter
Signet Jewelers has lowered its sales outlook for the restof the year, after revenue fell in the first fiscal quarter. Total sales declined 3.3% to $1.43 billion in the threemonths ending May 4, the...
Retail Jun 06, 2019 Rapaport News
HK Data
Hong Kong Polished Imports Slip in 1Q
Polished-diamond imports to Hong Kong declined 3% in thefirst quarter, according to data from the Diamond Federation of Hong Kong,China. The average price of imports rose 3%, but was outweighed by lowervolumes.Hong Kong Diamond Trade Data for...
Polished Markets May 14, 2019 Rapaport News
Hong Kong Kowloon Bay
Hong Kong’s Polished Imports Stable
Polished-diamond imports to Hong Kong were flat in 2018,according to data from the Diamond Federation of Hong Kong, China. The averageprice rose 3%, offsetting lower volumes. Polishedimports from China increased 10%, while shipmentsfrom the...
Polished Markets Mar 04, 2019 Rapaport News
Hong Kong March 2019 show
Oversupply an Issue at Hong Kong Show
Dealers at the Hong Kong International Diamond, Gem & Pearl Show expressedconcerns about sluggish polished demand and an oversupply of goods in the wholesalesegment.Inventory moved slowly despite busy traffic at the fair, which began this...
Polished Markets Feb 28, 2019 Joshua Freedman
Reuven Kaufman podcast
Podcast: The New York View
Rapaport News caught up with Reuven Kaufman, president of New York’s Diamond Dealers Club (DDC), to gauge the mood in the US trade at the start of 2019.Retailers had a good holiday season, but have been wary about...
Polished Markets Jan 31, 2019 Rapaport News
HK
Hong Kong Luxury Sees Rare Drop
Retail sales of jewelry and other luxury items in Hong Kongdeclined for the first time in 17 months as global economic uncertainties impacted consumer sentiment.Revenues from jewelry, watches, clocks and other valuablegifts dropped 3.9% to HKD...
Retail Jan 06, 2019 Rapaport News
Hong Kong container terminal 150
Hong Kong Jewelry Exports Face Slowdown
Hong Kong’s jewelry exports are expected to slow in 2019 after strong growth last year, due to sluggisheconomic conditions, the municipality’strade body has warned. “Less robust economic growth is likely to affect Hong Kong’sjewelry exports,”...
Retail Jan 02, 2019 Rapaport News
Luk Fook Hong Kong store
Hong Kong Jewelers Warn of Slowdown
Hong Kong’s largest jewelry retailers expect sales growth to slow in light of recent US-China trade tensions and the depreciation of the yuan currency.Same-store sales at Luk Fook dropped by a single-digitpercentage in Hong Kong and Macau in October...
Retail Dec 02, 2018 Rapaport News
HK
Hong Kong Polished Imports Climb
Polished-diamond imports to Hong Kong increased 11% in thethird quarter, according to data from the Diamond Federation of Hong Kong,China. The average price of imports jumped 15%, offsetting the lower volumes —a trend that reflects a shift...
Polished Markets Nov 18, 2018 Rapaport News
MVI
How Retailers Can Entice Chinese Tourists
You don’t have to be in China to sell to Chinese people.That’s the message from luxury marketing experts, who point out that tourists,students and immigrants from the world’s largest fine-jewelry consumer have ahuge impact on the...
Marketing Oct 17, 2018 Joshua Freedman
Hong Kong skyline
China Positive Amid Short-Term Uncertainty
So far, 2018 has been a positive year for the diamond trade, with the US and China, the two largest diamond-jewelry markets, showing steady growth. In fact, in China, the jewelry-retail sector has experienced positive...
Research Oct 09, 2018 Avi Krawitz
IIDGR
De Beers Grading Unit Launches Courses in China
The International Institute of Diamond Grading and Research(IIDGR) will launch a series of educational courses in China through apartnership with a local grading organization, it said Tuesday. The De Beers subsidiary will collaborate with the NationalGemstone Testing...
Polished Markets Sep 13, 2018 Rapaport News
InternationalGemologicalInstitute_Lab
China’s Fosun Buys 80% of IGI
Chinese corporate giant Fosun has agreed to buy an 80%stake in the International Gemological Institute (IGI), the grading laboratorysaid Wednesday. “The interest of this large conglomerate to invest in IGIshows the confidence it has in our industry,” said...
Financial-Legal Sep 13, 2018 Rapaport News
Alrosa
Alrosa to Strengthen Position in China
Alrosa is looking to expand its presence in China, with plans to increase the number of long-term clients for its rough diamonds in the country. The company currently supplies around 5% of its total sales to entities in China and...
Mining Aug 29, 2018 Rapaport News
Chow Sang Sang store credit Chow Sang Sang
Chow Sang Sang Fears Impact of Trade War
Hong Kong-based jeweler Chow Sang Sang warned that trade tensions may impact its earnings for the remainder of 2018, even after first-half sales grew.“Though the results of the first half of 2018 looked...
Mining Aug 28, 2018 Rapaport News
Us jewelry
American-Made Jewelry Gaining Favor, Says MVI
American consumers are turning to US-manufactured jewelry asmore women in the country create their own products, the CEO of luxuryconsultancy MVI Marketing told Rapaport News. While it is too early to say what impact the US-China...
Retail Aug 22, 2018 Rapaport News
Swatch watch
Hong Kong Powers Swiss Watch Exports
Asian demand drove a 7% increase in Swiss watch exports in July,according to data the nation’s timepiece association released Tuesday. Total shipments rose to $1.84 billion (CHF 1.82 billion),the Federation of the Swiss Watch Industry reported. Orders...
Watches Aug 22, 2018 Rapaport News
Alrosa large rough
Alrosa Taking Diamond Payments in Rubles
Alrosa has accepted payment for rough sales in Russian rubles as partof a pilot program, claiming it is potentially faster and simpler than dollar transactions.With ruble payments, the money goes to branches of Russian banks outside of the...
Mining Aug 16, 2018 Rapaport News
Gold
Kingold Sees Spike in China Gold Demand
Sales and profit increased at Kingold Jewelry in the secondquarter as the China-based gold supplier introduced new products to meetgrowing demand for the yellow metal. Total revenue climbed 43% year on year to $678.8 million inthe...
Manufacturing Aug 13, 2018 Rapaport News
China 600
Greater China Luxury Continues to Grow
Sales of jewelry and other luxury items rose in greater Chinain the first half of the year amid continued positive consumer sentiment andincreased tourism to Hong Kong. In China, retail sales of gold, silver and jewelry...
Retail Aug 02, 2018 Rapaport News
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