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IIJS
Trade War Sparks Opportunity for Indian Jewelers
India’s diamond and jewelry trade is hoping to take market share from Chinese suppliers after the US government announced a hike on import duties from China. There’s a changing world order and India is well placed to capitalize...
Retail Aug 13, 2019 Avi Krawitz
Gold
India Hikes Import Tax on Precious Metals
India’s Gem & Jewellery Export Promotion Council (GJEPC)has expressed disappointment with the nation’s latest Union Budget, adding that failure to reduce high duties on gold and diamonds will result in furtherjob losses.The council...
Financial-Legal Jul 07, 2019 Rapaport News
Chow Tai Fook TST Hong Kong
Chow Tai Fook Sales Dip on Economic Slowdown
Chow Tai Fook followed a string of major retailers that have noted a slowdown in greater China as the jeweler's same-store sales fell in the three months that ended December 31. “A decline in same-store sales was recorded...
Retail Jan 15, 2019 Rapaport News
Gold
Kingold Sees Spike in China Gold Demand
Sales and profit increased at Kingold Jewelry in the secondquarter as the China-based gold supplier introduced new products to meetgrowing demand for the yellow metal. Total revenue climbed 43% year on year to $678.8 million inthe...
Manufacturing Aug 13, 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
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
Chopard 150
Chopard Makes Ethical-Gold Commitment
Chopard has vowed to use 100% ethically sourced gold in all ofits jewelry and watch collections by the end of July, the company said lastweek. The jeweler has created an in-house gold foundry that will...
Fair Trade Apr 01, 2018 Rapaport News
chinese jewelry credit yewn
China Sees Increase in Retail Revenue
Retail sales of gold, silver and jewelry in China increasedin the first two months of 2018, the nation’sdata department said. Total revenue for the category rose 3% year on yearto $80.4 billion (CNY 509 billion)...
Retail Mar 21, 2018 Rapaport News
Jewelers Respond to NGO’s Claims
Jewelers Hit Back at Human Rights Watch
Jewelers dismissed a Human Rights Watch (HRW) report which claimed companies and the Responsible Jewellery Council (RJC) did not provide sufficient ethical sourcing guarantees.“We have reviewed the Human Rights Watch report...
Retail Feb 14, 2018 Leah Meirovich
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
Luk Fook Jewellery Macau
Luk Fook Sees Further Growth in China
Hong Kong-based jeweler Luk Fook is planning to accelerate its expansion in mainland China after seeing steady growth in the fiscal half-year that ended September 30.The company attributed its improvement to a successful new product strategy...
Retail Nov 30, 2017 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
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
Indian gold jewelry
India’s Titan Upbeat on Jewelry Sales
Titan Company reported strong jewelry sales in the firstfiscal quarter and said it expects to benefit from India’s new tax system.The jewelry division saw 50% year-on-year growth during theperiod running up to the Akshaya Tritiya...
Retail Jul 05, 2017 Rapaport News
Australian Trilogy Rio Tinto
Rio Tinto Diamond Coins Have $1.4M Price Tag
Rio Tinto has teamed up with the Perth Mint to release a$1.4 million (AUD 1.8 million) collection of coins featuring three coloreddiamonds from the Argyle mine.The “Australian Trilogy” comprises a trio of coins fromgold, platinum...
Mining Jun 07, 2017 Rapaport News
Arun Jaitley GST
India Trade Body Attacks Tax on Rough
India’s Gem & Jewellery Export Promotion Council (GJEPC)has criticized the government’s decision to tax rough diamonds, claiming itwill damage the nation’s manufacturing sector.The government will introduce a 0.25% levy on the category aspart...
Retail Jun 04, 2017 Rapaport News
Ever Us Two-Stone Ring
Pleading Signet’s CSR Case
“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you would do things differently.” — Warren Buffett. Signet Jewelers has had a frustrating time of late. In the past year,...
Retail May 11, 2017 Avi Krawitz
India gold jewelry
India Boosts Global Gold Jewelry Demand
Global gold-jewelry demand increased in the first quarter, driven by a reawakening in India, the World Gold Council (WGC) said in its quarterly report ongold trends.Overall demand for gold jewelry advanced 5% to $18.85 billion, and by volume...
Retail May 08, 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
GIA artisanal miners guide
GIA Launches Gem Guide for Artisanal Miners
The Gemological Institute of America (GIA) is piloting a freegemology guide for artisanal miners in producing countries.The aim is to offer basic gemological and market knowledge inregions where gem-mining takes place, the institute said Tuesday. The...
Mining Apr 05, 2017 Rapaport News
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