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Chow Tai Fook
Hong Kong Slowdown Hits Chow Tai Fook
Sales in Chow Tai Fook’s Hong Kong stores dropped sharply in the first fiscal quarter amid a decrease in tourism and weak consumer sentiment due to the coronavirus pandemic.Retail sales slid 69% in Hong Kong and...
Retail Jul 15, 2020 Rapaport News
CTF Yoho 150
Chow Tai Fook China Sales Rise
Sales in Chow Tai Fook’s mainland China storesgrew strongly in the first fiscal quarter, while purchases in Hong Kong andMacau slowed. Retail sales jumped 24% in mainland China in the threemonths ending June 30, with...
Retail Jul 18, 2019 Rapaport News
Luk Fook
Hong Kong Tourism Fuels Luk Fook Growth
Luk Fook saw a strong increase in its performance in thefourth fiscal quarter amid improved sentiment and a higher rate of tourism to Hong Kong. Same-store sales for all categories rose 16% year on year for the...
Retail Apr 23, 2018 Rapaport News
Gold Jewelry Sales Increase 150
India Drives Rise in Gold Jewelry Demand
World demand for gold jewelry grew 4% year on year to2,135.5 tonnes in 2017, boosted by growth in India, the World Gold Council (WGC) reported Tuesday. India saw annual growth of 12% to 562.7 tonnes, led by strongmomentum...
Mining Feb 06, 2018 Rapaport News
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
India Clampdown on Black Cash Prompts Gold Rush
Gold and jewelry sales in India surged this week after the government imposed a surprise ban on 500- and 1,000-denomination rupee notes, forcing the country’s unaccounted money to be channeled into hard assets. “People are...
Retail Nov 10, 2016 Rapaport News
Gold Bars
Gold Jewelry Demand Falls as Price Jumps
Global demand for gold jewelry dropped 9 percent to $17.98billion in the second quarter, according to the World Gold Council (WGC). Byvolume, demand slumped 14 percent to 444.1 tonnes. Demand in the first halfsank to $36.3 billion, its...
Financial-Legal Aug 14, 2016 Rapaport News
Kingold Jewelry Sales Jump as Branded Gold Shines
China’s Kingold Jewelry reported revenue and profit surgedin the first quarter because of a stronger showing by the company’s brandedproducts.Total revenue in the three months to March 31 soared 37percent to $282.2 million and profit more than...
Manufacturing May 18, 2016 Rapaport News
Gold bars
World Gold Jewelry Demand Falls Sharply in 2Q
Global demand for gold jewelry sank 20 percent year on year to $19.7 billion during the three months ending June 30, according to the World Gold Council (WGC). A 7 percent decline in the average gold price...
Retail Aug 16, 2015 Rapaport News
silver jewelry
U.S. Silver Jewelry Imports Rise in First 5 Months of 2015
Imports of silver jewelry to the U.S. increased 11 percent from the beginning of 2015 until the end of May, according to the Silver Institute, a non-profit silver industry association.The U.S. is the world's largest importer of silver jewelry...
Retail Aug 05, 2015 Ronen Shnidman
India Jewelry Consumer
India's Gold Jewelry Exports Rise
India's import of gold jewelry during the country's first fiscal quarter, which extends from April 1 through June 30, revealed a marginal increase, but exported finished products performed very well. The reason for...
Research Aug 06, 2014 Zainab Morbiwala
Global Gold Jewelry Demand -18% in 1Q
Global demand for gold jewelry fell 18 percent year on year to $23.73 billion in the first quarter that ended on March 31, according to the World Gold Council (WGC). The decrease was price related as gold...
Manufacturing May 20, 2014 Deena Taylor
Titan Company Opens 1,000th Retail Store
Titan Company Ltd. celebrated a company milestone in opening its 1,000th retail store this week. The company retails in the watches, jewelry and eyewear sectors with a footprint in 177 cities, 26 states and three Union...
Watches Dec 17, 2013 Jeff Miller
Chow Tai Fook Store
Chow Tai Fook Anticipates Profit Surge
Chow Tai Fook notified shareholders that it expects significant growth in its year-on-year profit for the six-month period that ended on September 30, 2013. The anticipated surge in profit follows a preliminary analysis of the group's...
Retail Oct 30, 2013 Deena Taylor
India to Suspend Gold Jewelry Imports from Thailand
India is planning to suspend its gold jewelry imports from Thailand as the government has expressed concern that the incoming jewelry does not have 20 percent added value as stipulated in the foreign trade agreement between...
Financial-Legal Feb 21, 2013 Dilipp S Nag
PCJ Diamond Jewelry
PC Jeweller to Increase Focus on Diamond Jewelry
India’s PC Jeweller Ltd. (PCJ) plans to enhance its focus on diamond jewelry given their higher profit margins and as consumers' buying behavior is increasingly shifting towards diamond jewelry from gold jewelry.PCJ on Thursday reported sales...
Retail Feb 08, 2013 Dilipp S Nag
Survey Notes Challenges Facing Females in India’s Jewelry Industry
Female entrepreneurs in India’s gems and jewelry industry face several hurdles as ‎traditional values often hinder their progress.‎ A survey on Women Entrepreneurs in Gems & Jewellery Sector, conducted by FICCI Ladies ‎Organisation (FLO), noted some of the obstacles restricting female-led operations, including ‎difficulty procuring raw materials...
Polished Markets Jul 24, 2012 Dilipp S Nag
Rio Tinto
Rio Tinto Explores Potential for Diamond Fashion Jewelry in China
Rio Tinto noted a growing trend toward diamond fashion jewelry in China, the largest jewelry ‎market in the world, as the company seeks to expand its presence in the country.‎Rio Tinto commissioned global market research company...
Retail May 24, 2012 Dilipp S Nag
Smaller Towns to Boost Growth of India's Branded Gold Jewelry Retailers
Growth across India's branded gold jewelry sector is likely to come as new stores are set up in small to mid-size towns. The demand for gold jewelry in those tier II and tier III towns is strong, buoyed by increasing affluence and preference for branded jewelry, CRISIL Ratings explained. Retailers...
Retail Jul 19, 2011 Dilipp S Nag
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