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Enzo
Chow Tai Fook Buys Chinese Jeweler 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
Antwerp
Belgium Shipments Hit 10-Year Low
Belgium’s diamond trade declined in 2019 as excess supply led to slower demand for rough and polished, the Antwerp World Diamond Centre said Wednesday.Polished exports fell 13% to $9.93 billion, their lowest level since...
Polished Markets Jan 16, 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
ALROSA Rough2
Alrosa Releases 2020 Supply Schedule
Alrosa has published its schedule of contract sales and auctions for next year.The Russian miner has maintained its format of monthly sales under the Alrosa Alliance, its long-term supply program. It will also...
Mining Dec 31, 2019 Rapaport News
Intersection in front of Tiffany Fifth Avenue
Tiffany Holiday Revenue Rises as US Recovers
Tiffany & Co. noted a “momentum shift” in the Americas during the holidays, as growth in the region contributed to an overall increase in sales for the season.Company-wide revenue climbed by 1% to 3% year on year for the period from November...
Retail Dec 26, 2019 Rapaport News
TAG Heuer
Hong Kong Slump Disrupts Swiss Watches
Swiss watch exports fell in November as orders from HongKong continued to slow. Shipments to all countries declined 3.5% to CHF 1.99 billion($2.03 billion) in November, the Federation of the Swiss Watch Industryreported last week. That mainly...
Watches Dec 22, 2019 Rapaport News
Tiffany Hong Kong store
Tiffany Sales Stall as Tourist Spending Dries Up
Sales at Tiffany & Co. were flat at $1.01 billion in thethird fiscal quarter as increases in mainland China compensated for weakspending in the US and Hong Kong. Revenue declined 4% to $422.5 million in the Americas region assales to tourists...
Retail Dec 05, 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
Diamond Trade with Loupe
Diamond Trade Cautious Ahead of Holiday Season
RAPAPORT PRESS RELEASE, October 7, 2019, Las Vegas…Diamond market sentiment was weak in September after the Hong Kong show demonstrated a slowdown in Chinese demand.Buyers from mainland China are cautious. The US-China trade war,...
Polished Markets Oct 07, 2019 Rapaport
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
Alrosa colored polished diamond HK show 150
Alrosa to Hold Second True Colors Auction
Alrosa will offer more than 200 polished coloreddiamonds at the Hong Kong Jewellery & Gem Fair in September. The True Colors auction will feature a pear-cut, 18.07-carat, intense-yellow diamond which is internally flawless, the...
Polished Markets Aug 25, 2019 Rapaport News
Podcast
Podcast: Oversupply, Tariffs and Silver Linings
As trade members return from their summer vacations, the Rapaport editorial team outlines the industry’s prospects for the rest of the year. It’s volatile out there with all the talk of recession, rumblings...
Polished Markets Aug 22, 2019 Rapaport News
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
HK protest
Hong Kong Riots Cast Cloud over Show
Diamond traders have raised concerns ahead of next month’s Hong Kong Jewellery & Gem Fair, as mass protests have caused chaos and dented local demand. The show will still take place as planned,...
Polished Markets Aug 13, 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
Luk Fook
China Expansion Spurs Luk Fook Growth
Luk Fook’s revenue and profit grew in fiscal 2019, driven by an expansion of its network in mainland China.Overall revenue for the Hong Kong-based jewelry retailer rose by 9% to HKD 15.86 billion ($2.03 billion) in the year ending...
Retail Jul 01, 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
Sotheby's
Blue Diamonds Fail to Sell at Sotheby’s
Sotheby’s failed to find a buyer for three blue diamonds at its Hong Kong auction Tuesday. A cut-cornered, rectangular step-cut, fancy-vivid blue, 3.32-carat diamondring, valued at $5.9 million to $7.6million, was left unsold. The center stone...
Polished Markets Apr 04, 2019 Rapaport News
Sotheby’s
88ct. Oval Diamond Fetches $14M
A rare oval diamond sold for nearly $14 million at Sotheby’sin Hong Kong Tuesday, beating its high estimate. The oval brilliant-cut, 88.22-carat, D-color, flawless, typeIIa stone is one of only three oval diamonds over...
Polished Markets Apr 02, 2019 Rapaport News
Hong Kong March 2019 show
Oversupply an Issue at Hong Kong Show
Dealers at the Hong Kong International Diamond, Gem & Pearl Show expressedconcerns about sluggish polished demand and an oversupply of goods in the wholesalesegment.Inventory moved slowly despite busy traffic at the fair, which began this...
Polished Markets Feb 28, 2019 Joshua Freedman
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