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Chow Tai Fook Expanding China Store Count
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Pandemic or not, Chow Tai Fook has no intention of slowing its expansion into China, with plans to open approximately 450 stores on the mainland during the current fiscal year, managing director Kent Wong told...
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Retail
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Jun 29, 2020
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Avi Krawitz
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An Opportunity to Strengthen Connections
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A rough diamond changes hands at least five times before it reaches the cutting wheel, an industry veteran explained to my amazement when I first started writing about the market. A polished stone is traded even more often before...
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Polished Markets
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Apr 07, 2020
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Avi Krawitz
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Diamond Market Cautious Amid China Concerns
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RAPAPORT PRESS RELEASE, February 4, 2020, Las Vegas… Diamond market sentiment was positive for most of January but weakened as the outbreak of the coronavirus in China resulted in a shutdown of retail stores over the important Chinese...
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Polished Markets
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Feb 04, 2020
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Rapaport
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Rapaport Webinar to Outline 4Q Prospects
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The diamond industry has much riding on this holiday season, having endured tough market conditions in 2019. While the trade reduced inventory levels in the third quarter, a large quantity of less popular items remain...
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Polished Markets
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Nov 04, 2019
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Rapaport News
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Hong Kong Fair Prioritizes Buyer Incentives
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The organizers of the September Hong Kong Jewellery & Gem Fair rejected the trade’s request for a discount, executives confirmed Wednesday.The Hong Kong Jewelry Manufacturers’ Association (HKJMA) had asked Informa Markets for...
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Polished Markets
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Sep 18, 2019
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Joshua Freedman
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Sentiment Cautious as Hong Kong Show Starts
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Expectations were low among diamantaires as the September Hong Kong Jewellery & Gem Fair opened Monday, with local unrest dampening prospects for attendance.Many companies have skipped the show for safety reasons,...
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Mining
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Sep 16, 2019
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Joshua Freedman
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Trade War Sparks Opportunity for Indian Jewelers
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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...
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Retail
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Aug 13, 2019
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Avi Krawitz
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Israel, Shanghai Bourses Strengthen Cooperation
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Members of the Israel and Shanghai diamond exchanges are set to sign a cooperation agreement during the inaugural Israel Diamond Week that opens in the Chinese city on Tuesday.The three-day event marks the first time...
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Polished Markets
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Jul 15, 2019
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Rapaport News
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High Gold Prices Mute Titan Growth
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Indian jewelry retailer Titan Company cautioned that sales were lower than expected in its first fiscal quarter as high gold prices weighed on consumer spending. Sales from the jewelry division, which includes the...
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Retail
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Jul 09, 2019
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Rapaport News
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Podcast: Who’s Right – De Beers or the GIA?
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Provenance and lab-grown diamonds have dominated the industry’s conversation for some time, but developments in 2019 have made them the year’s strongest news themes. In the 13th edition of the Rapaport Diamond Podcast,...
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Polished Markets
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May 02, 2019
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Rapaport News
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Chow Tai Fook Sales Dip on Economic Slowdown
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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...
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Retail
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Jan 15, 2019
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Rapaport News
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China Positive Amid Short-Term Uncertainty
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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...
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Research
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Oct 09, 2018
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Avi Krawitz
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GIA, Chow Tai Fook Unveil Digital Grading Report
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Hong Kong’s largest jeweler has launched a blockchain-powered app that provides consumers with a 4Cs digital grading report, along with data tracking the diamond’s journey from mine to market. Chow Tai Fook partnered...
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Retail
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Sep 16, 2018
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Avi Krawitz
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Chow Tai Fook Says No to Synthetics
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Chow Tai Fook, Hong Kong’s largest jewelry company, has ruled out introducing a line of lab-grown diamonds at its stores, noting that Chinese consumers are not interested in the category. “We don’t have any...
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Retail
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Sep 16, 2018
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Avi Krawitz
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Macau Exchange Targets Rough Trading
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Macau is hoping to leverage its relations with Portuguese-speaking diamond producers to emerge as a competitive rough-trading hub. Members of the newly created Macau China Diamond & Gem Exchange (MDGE) last week signed an agreement with the...
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Rough Markets
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Sep 16, 2018
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Rapaport News
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Typhoon Shuts Down Hong Kong Fair
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The Hong Kong Jewellery & Gem Fair closed a day early as the city braced for typhoon Mangkhut on Sunday. Authorities raised the warning signal to level 10 (the highest alert) Sunday morning, with Hong...
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Polished Markets
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Sep 15, 2018
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Rapaport News
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Mixed Trading at Stormy Hong Kong Show
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The diamond trade expressed some frustration about erratic activity at the Hong Kong Jewellery and Gem Fair which began on Wednesday, particularly amid warnings that a category 10 typhoon might hit the island. Many...
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Polished Markets
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Sep 14, 2018
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Avi Krawitz
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Five Features Steering De Beers’ Future
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De Beers is strengthening its position in the diamond market without obsessing about production, after having made some bold moves in recent years. It has now emerged as a vertically-integrated diamond company. It appears management has long recognized...
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Polished Markets
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Aug 23, 2018
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Avi Krawitz
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Diamonds Still Linked to Conflict – Civil Society
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Civil-society groups have lashed out at the lack of transparency in the diamond industry, claiming the trade continues to be linked to human-rights abuses, conflict finance and corruption. “Although the diamond industry is not the only sector...
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Fair Trade
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Jul 31, 2018
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Avi Krawitz
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Diamond Prices Stable Through Vegas Shows
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RAPAPORT PRESS RELEASE, June 5, 2018, New York… Diamond prices were stable in May as businesses focused on the Las Vegas shows that began on May 30. The JCK fair was relatively slow, with fewer...
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Polished Markets
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Jun 05, 2018
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Rapaport
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