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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
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
Hong Kong
Jewelry Sales Up in China and Hong Kong
Sales of jewelry and other luxury items climbed in greater Chinain May, driven by improved consumer sentiment and a higher rate of tourism toHong Kong, according to government sources. In China, retail sales of gold, silver and jewelry...
Retail Jul 03, 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
Chow Tai Fook
Robust Gold Demand Drives Chow Tai Fook Growth
Chow Tai Fook’s revenue leapt 15% in the first fiscal half amidrising demand for gold products in Greater China. Group sales of $3.17 billion (HKD 24.75 billion) for the sixmonths to September 30 included $1.47...
Mining Nov 22, 2017 Rapaport News
Hong Kong
Hong Kong Polished Shipments Rise
Hong Kong’s polished-diamond imports grew slightly in thethird quarter, recent data from the municipality’s trade body showed.Shipments into the hub increased 0.6% to $4.71 billion during the period ending September 30, according...
Polished Markets Nov 21, 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
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
Antwerp
Global Weakness Hits Antwerp Diamond Trade
Belgium’s polished diamond trade slumped last year due to an economic slowdown in India and China, the Antwerp World Diamond Centre(AWDC) reported.Polished exports slid 10 percent to $11.8 billion, whileimports fell by the same margin to $11.39...
Polished Markets Feb 01, 2017 Rapaport News
luk fook
Luk Fook’s Profit Plunges 41%
Luk Fook’s sales slumped and profit plummeted in fiscal 2016as the company joined a string of jewelers hit by a Chineseeconomic downturn and fewer tourist arrivals in Hong Kong.Revenue dropped 12 percent to $1.81 billion (HKD 14.03billion) and...
Retail Jun 23, 2016 Rapaport News
Chow Tai Fook Store
Chow Tai Fook’s Profit Dives 46% in Fiscal 2016
Chow Tai Fook reported profit tumbled 46 percent in the pastfiscal year as fewer tourists visited Hong Kong and a downturn in Greater Chinareduced consumer spending.Profit slumped to $383.6 million (HKD 2.98 billion) in the12 months that...
Retail Jun 08, 2016 Rapaport News
Chow Tai Fook
Chow Tai Fook Profit Set to Slump
Chow Tai Fook warned profit is expected to plummet 40 to 50percent in the fourth fiscal quarter because of weaker consumer sentiment inGreater China. Gross profit margin was negatively affected by theunrealized hedging loss on gold loans versus...
Retail May 15, 2016 Rapaport News
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