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NRF September
US Consumer Spending Dips
US retail sales stalled between Augustand September, indicating that consumer confidence may be waning in light ofthe escalating trade war. Total purchases for September —excluding automobiles, gasoline and restaurants — dipped 0.1% compared to theprevious...
Retail Oct 17, 2019 Rapaport News
Chow Tai Fook
Chow Tai Fook Sales Slump
Hong Kong-based jeweler Chow Tai Fook has reported adownward trend in sales across both mainland China and Hong Kong in the secondfiscal quarter. Same-store sales of gold products — at branches open for atleast 12 months...
Retail Oct 17, 2019 Rapaport News
Diamond Trade with Loupe
Diamond Trade Cautious Ahead of Holiday Season
RAPAPORT PRESS RELEASE, October 7, 2019, Las Vegas…Diamond market sentiment was weak in September after the Hong Kong show demonstrated a slowdown in Chinese demand.Buyers from mainland China are cautious. The US-China trade war,...
Polished Markets Oct 07, 2019 Rapaport
Shanghai
Signet Scaling Back China Buying
Signet Jewelers plans to reduce its purchasing of Chinesegoods by about 50%, aiming to minimize the impact of US tariffs on thebusiness. “We have been successful in working with our vendors to movea significant amount of our China exposure to other...
Retail Sep 09, 2019 Rapaport News
Hong Kong airport protest
Trade Seeks Discount for Hong Kong Show
The Hong Kong Jewelry Manufacturers’ Association (HKJMA)is asking the organizers of the September show for a 25% discount for itsmembers, citing difficult market conditions due to the trade war and socialunrest in the city....
Polished Markets Aug 15, 2019 Joshua Freedman
Imports
How Trump’s Tariffs Could Affect the Trade
Long before the threat of tariffs on Chinese goods loomed large,brick-and-mortar retailers in the US were facing challenges. So far this year,US retailers have announced plans to shut down over 7,000 stores after almost6,000 closed in 2018,...
Financial-Legal Aug 11, 2019 Lara Ewen
Jewelers of America DC visit 2019
Tariffs, Taxes Top JA Washington Agenda
A delegation from Jewelersof America (JA) has met with US lawmakers and congressional staff to discuss trade and tax concerns affecting its members. Themeeting, which took place on Capitol Hill in Washington, DC, on June 19,...
Financial-Legal Jul 02, 2019 Rapaport News
jewelry tariffs 150
US Tariff Hike Could Impact Jewelry Trade
The US diamond and jewelry industry is facing the possibility of higher tariffs on goods from China as the trade warescalates.The Trump administration has proposed a levy of up to 25% on products from China worth a total of $300 billion, the...
Retail May 15, 2019 Rapaport News
Chow Tai Fook TST Hong Kong
Chow Tai Fook Sales Dip on Economic Slowdown
Chow Tai Fook followed a string of major retailers that have noted a slowdown in greater China as the jeweler's same-store sales fell in the three months that ended December 31. “A decline in same-store sales was recorded...
Retail Jan 15, 2019 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
Gold and Diamond Rings credit Juliya_Ka slash Shut
US-China Trade War May Hit Jewelry Industry
The Chinese diamond and jewelry industry is facing highimport tariffs to the US as trade tension escalates between Washington andBeijing. On July 10, the US Trade Representative has announced plans for aproposed 10% hike on products from...
Mining Jul 15, 2018 Rapaport News
China 600
US-China Trade War Shouldn’t Hurt Diamonds
The global diamond and jewelry industry may have feltnervous about the US proposal earlier this month to place $50 billion-worth of tariffs on Chinese goods. The response from the People’s Republic lastweek — threatening its...
Financial-Legal Apr 12, 2018 Joshua Freedman
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