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MDGE-SDE Signing
Macau Exchange Targets Rough Trading
Macau is hoping to leverage its relations with Portuguese-speaking diamond producers to emerge as a competitive rough-trading hub. Members of the newly created Macau China Diamond & Gem Exchange (MDGE) last week signed an agreement with the...
Rough Markets Sep 16, 2018 Rapaport News
Chow Tai Fook 600
Hong Kong Growth Boosts Chow Tai Fook
Chow Tai Fook’s sales grew strongly in the first fiscalquarter due to stronger consumer sentiment in Hong Kong and increased tourismto the municipality from mainland China. Retail sales jumped 21% in Hong Kong and...
Retail Jul 19, 2018 Rapaport News
TSL
Hong Kong’s TSL Sees Revenue Jump
Sales and profit grew sharply at Tse Sui Luen (TSL) inthe past 12 months amid stronger consumer sentiment in Greater China and a risein tourism to Hong Kong. Revenue jumped 12% to $486 million (HKD 3.81...
Retail Apr 29, 2018 Rapaport News
Luk Fook Sales Rise 150
Luk Fook Sees Modest Sales Gain
Luk Fook’s same-store sales increased 1% year on year in thethird quarter ending December 31, driven by a 10% rise in gem-set jewelry.“The gem-set jewelry products in [the] Hong Kong and Macau market continued to benefit from the...
Retail Jan 18, 2018 Rapaport News
Chow Tai Fook 150
Chow Tai Fook China Expansion Spurs Growth
Chow Tai Fook reported a sharp rise in gem-set-jewelry sales in Hong Kong, while expansion in mainland China helped drive growth in its fiscal third quarter, as the local retailsector continued to improve.Overal retail sales grew 12%...
Retail Jan 10, 2018 Rapaport News
Bonhams Paul Redmayne-Mourad
Bonhams Names Hong Kong Jewelry Consultant
Bonhams has appointed seasoned luxury authority PaulRedmayne-Mourad as its jewelry consultant in Hong Kong, the auction house saidThursday.Redmayne-Mourad (pictured) has 20 years’ experience in high-end jewelryretail, most recently at London-based jeweler David Morris and with...
Retail Nov 02, 2017 Rapaport News
TSL Tse Sui Luen  TST Tsim Sha Tsui Hong Kong
Sales Jump at Hong Kong Jeweler TSL
Hong Kong-based jewelry retailer Tse Sui Luen (TSL) sawrevenue and profit leap in the first fiscal half as the number of touristsvisiting the municipality increased.Sales rose 12% to of $222.1 million (HKD 1.73 billion) forthe...
Retail Oct 29, 2017 Rapaport News
Luk Fook
Luk Fook Growth Reflects China Recovery
Luk Fook recordedan increase in same-store sales in its second fiscal quarter, driven by strongperformances in mainland China and Hong Kong after a prolonged revenue decline.Same-store sales grew 17% year on year in thethree months that ended...
Retail Oct 24, 2017 Rapaport News
Chow Tai Fook Beijing
Chow Tai Fook Enjoys Continued Gains
Chow Tai Fook’s sales jumped in the second fiscal quarter,confirming the Hong Kong-based jeweler’s recovery following a slump in theGreater China market.Retail sales rose 15% year on year in mainland China and by 12% inHong Kong...
Retail Oct 19, 2017 Rapaport News
DDC Shanghai deal 2017 Reuven Kaufman and Lin Qian
New York, Shanghai Bourses to Work More Closely
The Diamond Dealers Club of New York (DDC) and the ShanghaiDiamond Exchange (SDE) have agreed to enhance their relationship and createextra trading opportunities for members. Reuven Kaufman, president of the DDC (pictured, left),...
Polished Markets Sep 13, 2017 Rapaport News
Luk Fook
Luk Fook Extends Turnaround with Sales Boost
Luk Fook Holdings recorded an increase in sales in its fiscal first quarter, driven by an improvement in mainland China after a prolonged decline in turnover.The Hong Kong-based jeweler reported same-store sales growth of 5% year-on-year in the three months that...
Retail Jul 20, 2017 Rapaport News
Chow Tai Fook
Chow Tai Fook Restores Elusive Sales Growth
Chow Tai Fook’s sales grew in the second fiscal half amid a recovery in consumer sentiment in Greater China, the retailer reported.The 4.4% increase to $3.8 billion (HKD 29.72 billion) was the Hong Kong-based jeweler’s...
Retail Jun 11, 2017 Rapaport News
Chow Tai Fook
Chow Tai Fook Shows Long-Awaited Sales Gains
Chow Tai Fook saw positive retail sales growth in the fiscal fourth quarter, ending a long run of declines at the Hong Kong-based jeweler.Retail sales in mainland China increased 16%, with same-store sales rising 12%...
Retail Apr 13, 2017 Rapaport News
Chow Sang Sang
Hong Kong Slowdown Hits Chow Sang Sang
Chow Sang Sang saw a sharp drop insales last year, the Hong Kong-based jeweler reported Monday, citing weak consumer sentiment and a decline in tourist levels.Group revenue slid 16% to $2.07billion (HKD 16.09 billion)...
Retail Mar 28, 2017 Rapaport News
Chinese New Year
Chow Tai Fook’s Holiday Sales Jump in China
Chow Tai Fook said sales from the mainland outperformedthose in Hong Kong during the Chinese New Year holiday period.Retail revenue from mainland China jumped 4 percent during January14 to February 3, which covers the...
Retail Feb 07, 2017 Rapaport News
Luk Fook Jewellery Macau
China a Bright Spot as Luk Fook Sales Decline
Luk Fook reported same-store sales fell 10 percent in thethird fiscal quarter as a continued decline in its Hong Kong business outweighed improvements in mainlandChina.Same-store sales slid 11 percent in Hong Kong versus a 5percent increase in mainland China in the...
Retail Jan 18, 2017 Rapaport News
Chow Tai Fook Beijing
Chow Tai Fook Sales Signal China Recovery
Chow Tai Fook’s shares jumped more than 5 percent after the jeweler reported relatively strong quarterly sales amid renewed growth in China and higher gold demand. Retail sales in mainland China increased 7 percent...
Retail Jan 10, 2017 Rapaport News
Hong Kong
Tourism Lull Hits Hong Kong Jewelry Sales
Retail sales of jewelry and other luxury items in Hong Kongslumped in November as tourist arrivals continue to dwindle.Revenue from jewelry, watches, clocks and valuable giftsdeclined 14 percent to $731.6 million (HKD 5.67 billion) in November, according toprovisional...
Retail Jan 03, 2017 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
Luk Fook
Higher Gold Prices Weigh on Luk Fook Sales
Luk Fook Holdings sales plunged in the fiscal first half as higher gold prices deterred consumers and fewer tourists arrived in Hong Kong.The Hong Kong-based jeweler reported revenue fell 22 percent to $705 million (HKD...
Retail Nov 24, 2016 Rapaport News
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