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Chow Tai Fook Hong Kong store
Coronavirus Pummels Chow Tai Fook’s Sales
Sales at Chow Tai Fook dropped 60% in Hong Kong and Macau and 42%in mainland China in the first two months of the year as stores shut for muchof the period.“In response to the measures of local...
Retail Mar 11, 2020 Rapaport News
WJA
WJA Campaign Targets Female Self-Purchasers
The Women’s Jewelry Association (WJA) has launched a new consumer-marketing campaign aimed at empowering women to buy jewelry for themselves.March Is Me Month will coincide with International Women’s Day, which takes place on March 8, as well as Women’s...
Retail Mar 03, 2020 Rapaport News
Chow Tai Fook
Virus Plagues Chow Tai Fook Operations
Chow Tai Fook will temporarily suspend operations at more than 40 locations in Hong Kong and Macau following a rise in the coronavirus epidemic.The shutdown is a protective measure in the interest of public health and safety, as the risk...
Retail Feb 12, 2020 Leah Meirovich
Luk Fook Hong Kong store 2016
Luk Fook to Reduce Hong Kong Presence
Luk Fook plans to scale back its Hong Kong store network and expand in mainland China and Macau, as events in the region have influenced consumer spending.The retailer expects a “single-digit” decrease in the number of rental...
Retail Jan 20, 2020 Rapaport News
Enzo
Chow Tai Fook Buys Chinese Retailer Enzo
Chow Tai Fook has acquired Enzo Jewelry, a colored-gemstone brand with around 60 retail locations in mainland China.Enzo, founded in 2004, targets “modern, sophisticated and self-confident women who demand fashionable jewelry with a highly distinctive...
Retail Jan 19, 2020 Rapaport News
HK protest
Chow Tai Fook to Shut Stores in Hong Kong
Chow Tai Fook intends to close up to 15 stores in Hong Kong as street protests and a tourism slowdown have hit sales.Leases on more than 40 of the jeweler’s 91 retail locations in the municipality are due to expire during the fiscal...
Retail Jan 14, 2020 Rapaport News
Chow Tai Fook
Chow Tai Fook China Sales Jump
Sales at Chow Tai Fook’s mainland China stores grew in the third quarter amid a significant expansion of the jeweler’s network in the country. Total retail sales climbed 17% year on year in China for the three...
Retail Jan 13, 2020 Rapaport News
Sotheby's Decade
Sotheby’s Reflects on 10 Years of Records
The past decade might be known for superheroes, Netflix and memes, but for Sotheby’s it was all about record-breaking jewels, as worldwide sales for the divisiontotaled more than $4.7 billion. The auction house...
Polished Markets Dec 25, 2019 Rapaport News
The Next Diamond Decade
The Next Diamond Decade
It wasn’t that long ago that De Beers declared the 2010s “The Diamond Decade.” Growth in China and India was projected to drive demand, while the US would take small steps out of recession. This is what...
Polished Markets Dec 25, 2019 Avi Krawitz
CTF store 150
China Growth Rescues Chow Tai Fook Sales
Sales at Chow Tai Fook were down only slightly in the first fiscal half as growth in the Chinese market offset a downturn in Hong Kong. Revenue fell 0.6% year on year to HKD 29.5 billion ($3.77billion) in the...
Retail Nov 28, 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
Everledger
Blockchain Group Everledger Gets $20M Funding
Chinese internet giant Tencent Holdings has led a $20 million investment in technology company Everledger, which provides blockchain services to the diamond industry.Everledger will use the money from the Series A funding round to finance...
Polished Markets Sep 24, 2019 Rapaport News
Jim Duffy
Tracr Aiming to Be More Than a Blockchain
As a tech guy, Jim Duffy spends much of his time on the road explaining technical terms in a way laymen can understand. He has his work cut out for him as CEO of Tracr, De Beers’ blockchain project — especially...
Polished Markets Sep 04, 2019 Avi Krawitz
Jewelers of America
Jewelers of America Elects New Chair
Jewelers of America (JA) has elected Holly Wesche, athird-generation jeweler, to head its board of directors. Wesche, who is the owner of Wesche Jewelers in Florida, willsucceed outgoing chair John Henne, the organization said last week....
Polished Markets Aug 04, 2019 Rapaport News
CTF Yoho 150
Chow Tai Fook China Sales Rise
Sales in Chow Tai Fook’s mainland China storesgrew strongly in the first fiscal quarter, while purchases in Hong Kong andMacau slowed. Retail sales jumped 24% in mainland China in the threemonths ending June 30, with...
Retail Jul 18, 2019 Rapaport News
Chow Tai Fook
New Stores Fuel Chow Tai Fook Sales Growth
Chow Tai Fook’s sales and profit rose during the fiscalyear amid increased purchases of gold jewelry and an expansion of the company’sretail network in China, it said Thursday. Group sales grew 13% to HKD 66.66 billion...
Retail Jun 06, 2019 Rapaport News
De Beers Tracr
De Beers Opening Blockchain to Industry
De Beers has launched an online resource for sharing information and tools that will help members of the trade join its blockchain program. The Tracr Community will provide participants with educational materials and...
Technology Jun 02, 2019 Rapaport News
Caryl Capeci Chow Tai Fook
Chow Tai Fook Launches US Hub
Hong Kong-based jeweler Chow Tai Fook has launched abusiness hub in Boston that will supply products and services to US retailers. Chow Tai Fook North America (CTFNA) will operate as awholesaler, offering customized diamond...
Polished Markets May 08, 2019 Rapaport News
Chow Tai Fook Landmark North 150
Chow Tai Fook Sees Strong Growth in China
Chow Tai Fook’s sales increased in the fourth quarter, amida rise in demand for gold products and stronger consumer sentiment on themainland. Retail sales jumped 24% in mainland China in the threemonths ending March 31,...
Retail Apr 22, 2019 Rapaport News
AGS
AGS Names Distinction-Award Honorees
The American Gem Society (AGS) will honor three industryleaders at its Circle of Distinction dinner, it said last week. Alan Zimmer, CEO of Reeds Jewelers, will receive theLifetime Achievement Award. Zimmer’s father opened Reeds...
Polished Markets Mar 25, 2019 Rapaport News
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