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Chow Tai Fook store Wuhan China
Chow Tai Fook Sales Rise as China Recovers
Sales at Hong Kong-based jeweler Chow Tai Fook grew almost 18% in the last three months of 2020 as a recovery in mainland China outweighed weakness in its home territory.“In light of the easing Covid-19 situation in mainland China,...
Retail Jan 11, 2021 Rapaport News
Luk Fook Hong Kong store
Luk Fook Suffers as Tourists Snub Hong Kong
Sales at Luk Fook slumped in the second fiscal quarter as the Hong Kong-based jeweler suffered from a continued slowdown in tourism and local demand in its home city.Group-wide same-store sales — at branches open for at least a year...
Retail Oct 19, 2020 Rapaport News
Chow Tai Fook store Chengdu China
China Resurgence Lifts Chow Tai Fook
Retail sales at Chow Tai Fook grew 2.6% year on year in the second fiscal quarter as a strong recovery in China outweighed continued weakness in Hong Kong.Sales rose 21% on the mainland while slumping 52% in Hong Kong...
Retail Oct 18, 2020 Rapaport News
TSL Malaysia story
Tse Sui Luen Expects Loss Amid Tourist Slowdown
Hong Kong-based jeweler Tse Sui Luen (TSL) expects to incur a net loss of at least HKD 40 million ($5.2 million) for the first fiscal half as the Covid-19 pandemic depressed the company’s sales.The loss for...
Polished Markets Oct 13, 2020 Rapaport News
Chow Tai Fook
Chow Tai Fook Sees Dim Hong Kong Outlook
Chow Tai Fook expects sales in Hong Kong to remain weak after reporting a sharp slump in revenue and profit due to the coronavirus. Consumer demand was slow in the municipality in April and May as tourists stayed...
Retail Jun 11, 2020 Rapaport News
Luk Fook store MixC World in Shenzhen Bay
Luk Fook Hit by COVID-19 Closures
Luk Fook’s same-store sales dropped 57% in the fourth fiscal quarter amid extensive retail closures for the first two months of the year and sluggish footfall in March.The jeweler saw a 60% year-on-year slide...
Retail Apr 22, 2020 Rapaport News
Luk Fook Hong Kong store 2016
Luk Fook to Reduce Hong Kong Presence
Luk Fook plans to scale back its Hong Kong store network and expand in mainland China and Macau, as events in the region have influenced consumer spending.The retailer expects a “single-digit” decrease in the number of rental...
Retail Jan 20, 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
MDGE-SDE Signing
Macau Exchange Targets Rough Trading
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...
Rough Markets Sep 16, 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
TSL
Hong Kong’s TSL Sees Revenue Jump
Sales and profit grew sharply at Tse Sui Luen (TSL) inthe past 12 months amid stronger consumer sentiment in Greater China and a risein tourism to Hong Kong. Revenue jumped 12% to $486 million (HKD 3.81...
Retail Apr 29, 2018 Rapaport News
Luk Fook Sales Rise 150
Luk Fook Sees Modest Sales Gain
Luk Fook’s same-store sales increased 1% year on year in thethird quarter ending December 31, driven by a 10% rise in gem-set jewelry.“The gem-set jewelry products in [the] Hong Kong and Macau market continued to benefit from the...
Retail Jan 18, 2018 Rapaport News
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
Bonhams Paul Redmayne-Mourad
Bonhams Names Hong Kong Jewelry Consultant
Bonhams has appointed seasoned luxury authority PaulRedmayne-Mourad as its jewelry consultant in Hong Kong, the auction house saidThursday.Redmayne-Mourad (pictured) has 20 years’ experience in high-end jewelryretail, most recently at London-based jeweler David Morris and with...
Retail Nov 02, 2017 Rapaport News
TSL Tse Sui Luen  TST Tsim Sha Tsui Hong Kong
Sales Jump at Hong Kong Jeweler TSL
Hong Kong-based jewelry retailer Tse Sui Luen (TSL) sawrevenue and profit leap in the first fiscal half as the number of touristsvisiting the municipality increased.Sales rose 12% to of $222.1 million (HKD 1.73 billion) forthe...
Retail Oct 29, 2017 Rapaport News
Luk Fook
Luk Fook Growth Reflects China Recovery
Luk Fook recordedan increase in same-store sales in its second fiscal quarter, driven by strongperformances in mainland China and Hong Kong after a prolonged revenue decline.Same-store sales grew 17% year on year in thethree months that ended...
Retail Oct 24, 2017 Rapaport News
Chow Tai Fook Beijing
Chow Tai Fook Enjoys Continued Gains
Chow Tai Fook’s sales jumped in the second fiscal quarter,confirming the Hong Kong-based jeweler’s recovery following a slump in theGreater China market.Retail sales rose 15% year on year in mainland China and by 12% inHong Kong...
Retail Oct 19, 2017 Rapaport News
DDC Shanghai deal 2017 Reuven Kaufman and Lin Qian
New York, Shanghai Bourses to Work More Closely
The Diamond Dealers Club of New York (DDC) and the ShanghaiDiamond Exchange (SDE) have agreed to enhance their relationship and createextra trading opportunities for members. Reuven Kaufman, president of the DDC (pictured, left),...
Polished Markets Sep 13, 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
Chow Tai Fook
Chow Tai Fook Restores Elusive Sales Growth
Chow Tai Fook’s sales grew in the second fiscal half amid a recovery in consumer sentiment in Greater China, the retailer reported.The 4.4% increase to $3.8 billion (HKD 29.72 billion) was the Hong Kong-based jeweler’s...
Retail Jun 11, 2017 Rapaport News
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