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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
HK protest
Hong Kong Riots Cast Cloud over Show
Diamond traders have raised concerns ahead of next month’s Hong Kong Jewellery & Gem Fair, as mass protests have caused chaos and dented local demand. The show will still take place as planned,...
Polished Markets Aug 13, 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
Hong Kong retail
Protests Dent Hong Kong Retail Outlook
Retail sales in Hong Kongare set to fall by 5% in 2019, with the decline expected to be even sharper inthe luxury-goods market, which includes jewelry. The new estimate, publishedlast week by PricewaterhouseCoopers (PwC), is a downgrade on its previousforecast. The...
Retail Jul 03, 2019 Rapaport News
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
Shanghai Jiao Tong University
GIA Expands China Education
The Gemological Instituteof America (GIA) will offer remote learning to students in China, expanding its collaborationwith ShanghaiJiao Tong University (SJTU). The GIA’s distance-educationprograms will allow participants to access equipment and gemstones in self-studystudent workrooms...
Polished Markets Jul 02, 2019 Rapaport News
Diamond Cutting
Challenging Diamond Market Sees Further Declines
RAPAPORT PRESS RELEASE, July 2, 2019, Las Vegas … Diamond market sentiment was weak in June due to sluggish demand and tightening manufacturing profits. Suppliers are reducing prices to raise liquidity, as they’re under pressure from...
Polished Markets Jul 02, 2019 Rapaport
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
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