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Jewelry Leads China’s Luxury Growth
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Sales of luxury items in China have increased “exponentially” in 2020, led by growth in consumer demand for jewelry, according to Bain & Company.Purchases of jewelry and leather goods on the mainland have risen approximately 70% to 80% since...
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Retail
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Dec 21, 2020
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Rapaport News
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Alibaba Sales Soar During 11/11 Season
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The pandemic didn’t stop Alibaba from recording sales growth this Singles’ Day, with the Chinese e-commerce giant enjoying a sharp rise in activity on its platforms during the week and a half running up to the...
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Retail
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Nov 12, 2020
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Rapaport News
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Chow Tai Fook Buys Chinese Retailer Enzo
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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...
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Retail
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Jan 19, 2020
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Rapaport News
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Alibaba Sees Record Singles’ Day Sales
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Singles’ Day has continued to grow as a major onlineshopping occasion in China, with Alibaba Group reporting record sales through itse-commerce sites. The total value of transactions on the Chinese retailgiant’s platforms rose 26% to CNY 268.4...
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Retail
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Nov 12, 2019
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Rapaport News
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Alibaba Strikes Deal with Belgian Trade
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Chinese e-commerce giant Alibaba will collaborate with theAntwerp World Diamond Centre (AWDC) to bring Belgian diamonds to Chineseconsumers. Through the partnership, Shape of Antwerp diamonds will besold exclusively on the Chinese retailer’s Tmall online...
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Retail
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Nov 06, 2018
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Rapaport News
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Richemont and Alibaba Bring Luxury to China
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Richemont has partnered with Alibaba Group to improve Chineseconsumers’ access to the Swiss retailer’s luxury platforms. Alibaba will provide the technology and infrastructure to helpRichemont sell to the Chinese market through its e-commerce sites,...
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Retail
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Oct 28, 2018
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Rapaport News
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Tiffany Plans New Engagement-Ring Design
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Tiffany & Co is preparing to launch a new engagement-ringconcept as it heads into the holiday season on the back of solid second-quarter results. The jewelry retailer highlighted several new projects thatwill frame its strategy in the second half...
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Retail
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Aug 30, 2018
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Rapaport News
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Jewelry.com to Enter China’s Online Market
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Jewelry.com will expand into China, teaming with e-commerce vendorVoyageOne to help launch its online sales platform in the country.Ofer Azrielant, president of the online jewelry retailer,said China’s online marketplaces, in particular Alibaba’s Tmall Global...
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Retail
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Nov 09, 2015
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Rapaport News
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Kingold Opens Online Store on Tmall
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Kingold Jewelry Inc. launched an online store on Tmall.com, a business-to-consumer (B2C) retail platform owned by Alibaba Group, which is considered to be the largest B2C platform in China, according to iResearch Consulting Group.Kingold will sell 24-karat gold jewelry,...
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Technology
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May 06, 2015
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Jeff Miller
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