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Chow Sang Sang store 150
Chow Sang Sang Turns Focus to China
Jeweler Chow Sang Sang will open more than 40 new stores in China by the end of the year, while closing a number of locations in Hong Kong.“Despite all the uncertainties brought on by the pandemic and geopolitical strife,...
Retail Aug 30, 2020 Rapaport News
Chow Sang Sang 150
Chow Sang Sang Warns of Steep Profit Drop
Chow Sang Sang is expecting profit to plummet for the first half of the year amid store closures and a sharp decline in tourism to Hong Kong.Profit will fall between 65% and 70% year on year to an estimated...
Retail Aug 04, 2020 Rapaport News
Chow Sang Sang
Virus’s Impact on Chow Sang Sang ‘Alarming’
COVID-19 heavily affected sales at Hong Kong-based jeweler Chow Sang Sang in the first two months of 2020, as a lockdown in China forced it to shut most of its stores in the country.“The first three weeks into 2020 [were]...
Retail Mar 29, 2020 Rapaport News
Chow Sang Sang store 150
Chow Sang Sang to Grow China Network
Hong Kong-based jeweler Chow Sang Sang will open around 60 new stores in mainland China by the end of the year following strong sales in the countryin the first half. “There is room forgrowth by means of product,...
Retail Aug 29, 2019 Rapaport News
Chow Sang Sang
Strong Gold Demand Boosts Chow Sang Sang
Hong Kong-based jeweler Chow Sang Sang saw a 13% rise insales in 2018, amid improved consumer sentiment and a spike in gold demand inthe first half of the year. Group sales came to HKD 18.81 billion...
Retail Apr 01, 2019 Rapaport News
Alrosa Euros
Alrosa Testing Payments in Euros
Alrosa has begun accepting payments in euros, as it continues to test the waters with currenciesother than dollars. The move, which currently extends to only one of its Chinese clients, is an attempt to avoid theconsequences of future US sanctions on the...
Rough Markets Mar 14, 2019 Rapaport News
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
Hk Show registration
Mixed Trading at Stormy Hong Kong Show
The diamond trade expressed some frustration about erratic activity at the Hong Kong Jewellery and Gem Fair which began on Wednesday, particularly amid warnings that a category 10 typhoon might hit the island. Many...
Polished Markets Sep 14, 2018 Avi Krawitz
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
Chow Sang Sang 150
China Sentiment Boosts Chow Sang Sang Sales
Hong Kong-based jeweler Chow Sang Sang saw a 3% rise insales in 2017, brought about by a stronger Chinese currency and an improvementin consumer sentiment. Sales were $2.12 billion (HKD 16.63 billion) for the year,with jewelry-retail...
Retail Mar 28, 2018 Rapaport News
Bull bear stocks
Five Takeaways from the Stock Market in 2017
In a year of soaring stock prices, US retail shares largely underperformed in 2017 as consumers (and investors) abandoned traditional shopping channels in favor of e-commerce platforms. As a result, familiar names such as J.C. Penney, Macy’s and Signet Jewelers slipped...
Retail Jan 01, 2018 Joshua Freedman
Chow Sang Sang
China Growth Drives Chow Sang Sang Sales
Hong Kong-based jeweler Chow Sang Sang sawa 3% rise in sales in the first half, powered by stronger demand in China and apickup in mainland tourism to the territory.Sales came to $1.02 billion (HKD 8.01billion) for the six...
Retail Aug 30, 2017 Rapaport News
Chinese Consumer
Hong Kong’s Chow Sang Sang Warns on Profit
Chow Sang Sang said full-year profit for 2016 is expected toslump between 30 and 40 percent as a fall in demand from mainland China andHong Kong hit sales.The plunge is not as bad as it looks because a one-off gain froma...
Retail Jan 22, 2017 Rapaport News
Diamond Shares Sparkle in Bullish 2016
Jewelry and diamond mining stocks gained in 2016, ridingthe wave of resurgent financial markets in the last two months of the year.The strong performance mirrored the Dow Jones IndustrialAverage, which leapt 13 percent for the...
Financial-Legal Jan 01, 2017 Joshua Freedman
Diamond Retailers Cutting Prices for Cyber Week
Retailers in the U.S. and Asia are offering deepdiscounts on jewelry for Cyber Week to lure early-bird holiday shoppers viatheir ecommerce sites.Cyber Week, together with Black Friday, is theall-important curtain raiser to the U.S. holiday...
Retail Nov 28, 2016 Rapaport News
Nancy Wong - Luk Fook
Luk Fook Adapts Strategy to Restore Growth
Luk Fook, like many of its peers in the region, continues to report double-digit sales declines as it navigates China's economic slowdown and ensuing drop in tourism to Hong Kong. With its interim results published November 24,...
Retail Nov 24, 2016 Avi Krawitz
chow sang sang
Chow Sang Sang Sales, Profit Slide
Chow Sang Sang’s revenue slumped and profit tumbled in thefirst half because of weaker consumer sentiment and a drop in touristspending in Hong Kong.Revenue slid 16 percent to $1 billion (HKD 7.8 billion) inthe six months that ended...
Retail Aug 29, 2016 Rapaport News
chow sang sang
Chow Sang Sang Expects Profit Slump in 1H
Chow Sang Sang warned profit is expected to plunge 50 percent to 60 percent for the first half of 2016 as consumer sentiment in China and Hong Kong weakened, according to preliminary estimates. The jeweler attributed the slump to a decline...
Retail Jul 18, 2016 Rapaport News
chow sang sang
Chow Sang Sang’s 2015 Sales Dip on Low Hong Kong Spending
Chow Sang Sang reported revenue dipped 1 percent in 2015 as strongerresults from mainland China countered a drop in spending by visitors to HongKong amid an economic slowdown.Group revenuefell to $2.46 billion (HKD 19.07 billion) as jewelry sales in Hong Kong...
Retail Mar 23, 2016 Rapaport News
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