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HK show Sept 2019
Hong Kong Show Reflects Slow Chinese Demand
The timing of the September Hong Kong Jewellery & GemFair was unfortunate, coming amid a wave of anti-government demonstrations inthe city. But for many participants, the political tensions were masking thebigger issue: Chinese...
Polished Markets Sep 24, 2019 Joshua Freedman
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
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
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
Israel Bourse Launches Alibaba Partnership 150
Israel Trade Signs Alibaba Consumer Deal
The Israel Diamond Exchange (IDE) has expanded its collaborationwith Alibaba by introducing sales directly to Chinese consumers. Israeli diamonds will be available as loose stones on Ali Auction, the Asian e-commercegiant’s luxury platform, the IDE...
Retail Oct 18, 2018 Rapaport News
Swatch watch
Hong Kong Powers Swiss Watch Exports
Asian demand drove a 7% increase in Swiss watch exports in July,according to data the nation’s timepiece association released Tuesday. Total shipments rose to $1.84 billion (CHF 1.82 billion),the Federation of the Swiss Watch Industry reported. Orders...
Watches Aug 22, 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
Pandora rings jewelry
US, Asia Troubles Hit Pandora Sales
Pandora’s revenue fell in the first quarter as the jewelryretailer suffered from weakness in its US stores and a slowdown in China. Global sales slipped 1% year on year to $812.2 million (DKK 5.12 billion) for the January-to-March period,...
Retail May 17, 2018 Rapaport News
Phillips
Phillips to Open First Gallery in Asia
Phillips is set to open a showroom in Hong Kong, reinforcingits commitment to the Asian market. The new space, the auction house’s first gallery in Asia,will host regular displays, auction previews, private sales and otherevents, to be led...
Polished Markets Mar 19, 2018 Rapaport News
Lisa Chow Sotheby's
Sotheby’s Appoints Two Asia Jewelry Execs
Sotheby’s has named two senior managers for its Asian jewelry division: Lisa Chow as deputy chairman, and Jessica Wyndham as department head. Chow (pictured), who has been with the company since 1990,...
Polished Markets Mar 05, 2018 Rapaport News
Swiss Watch Exports Surge in Asian Markets 150
Swiss Watch Exports Surge in Asian Markets
Swiss watch exports grew in January, driven by higher Asian demand, the Federation of the Swiss Watch Industry reported. Exports increased 13% year on year to $1.73 billion (CHF 1.62billion) in January. Shipments to Hong Kong climbed...
Retail Feb 21, 2018 Rapaport News
The Rapaport Diamond Podcast: Episode 3 150
The Rapaport Diamond Podcast: China Special
Labrador-grown diamonds? The Year of the Dog is coming up,and we are unleashing insights about how the Chinese New Year will affect thetrade in the Far East. Also, an interview with noted jewelry journalistJennifer Heebner,...
Retail Feb 15, 2018 Rapaport News
Bonhams Names New Watch Chief 150
Bonhams’ Asia Head of Watches Is Bourne
Bonhams has appointed Tim Bourne (pictured) as international directorof watches for Asia, where he will begin work at the end of February, the auctionhouse said last week. Bourne’s “trackrecord of success and proven business acumen...
Retail Feb 04, 2018 Rapaport News
Israel Bourse Launches Alibaba Partnership 150
Israel Bourse Strikes Deal with Alibaba
The Israel Diamond Exchange (IDE) will launch a partnershipwith Chinese e-commerce giant Alibaba Group, enabling traders to sell goods onlineto businesses and consumers in global markets.Some 150 bourse members have formed an online store...
Technology Jan 25, 2018 Joshua Freedman
Damiani Sees Jump in Retail Sales 150
Damiani Revenue Up Amid Retail Growth
Damiani Group saw sales edge up in the fiscal first half as theItalian jeweler expanded its retail business in markets outside its homecountry. Total revenue climbed 0.2% to $85.7 million (EUR 69.9million) year on year in the...
Retail Jan 23, 2018 Rapaport News
Tiffany Holiday Sales Rise 8%
Tiffany Restores Growth in Strong Holiday Season
Tiffany & Co’s sales jumped 8% during the holidayseason amid a sharp improvement in US demand and a recovery in Asian markets,the luxury jeweler reported. Group sales grew to $1.05 billion during November andDecember, with comparable-store sales...
Retail Jan 17, 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
Tiffany Beijing store
China Recovery Lifts Tiffany
Tiffany & Co received a boost from improved retaildemand in Asia during its third fiscal quarter, as the company seeks to returnto growth this holiday season.Group sales rose 3% year on year to $976.2 million in thethree months that...
Retail Nov 29, 2017 Rapaport News
Swiss watches Rolex Breitling
Asia Keeps Swiss Watch Recovery on Track
Swiss watch exports grew in October as demand from key Asianmarkets continued its recent upward trend.Total shipments increased 9% year on year to $1.86 billion (CHF1.85 billion) for the month, according to data the Federation of the...
Watches Nov 21, 2017 Rapaport News
Richemont Cartier 140
Asia Recovery Boosts Cartier, Van Cleef
Richemont saw a sharp rise in jewelry sales inthe first fiscal half-year as Asian consumer demand recovered,the luxury groupreported Friday.Revenue from jewelry maisons — which include jewelry and watch sales at Cartier and VanCleef &...
Retail Nov 12, 2017 Rapaport News
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