Login

Any color diamond is a great investment

Bruno Scarselli belongs to the 3rd generation of the Scarselli family, which has for the last half-century been producing and selling some of the world’s highest quality yellow, blue and pink diamonds available on the market. Bruno heads the company...

20 november 2017

It’s crucial everybody feels confident that their suppliers use the System of Warranties - Stephane Fischler

The System of Warranties (SoW) in the diamond industry dates back to 2002, when the World Diamond Council (WDC) in team with the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association...

13 november 2017

IIDGR’s proprietary technology gives polished diamonds unique identity

The International Institute of Diamond Grading & Research (IIDGR), a unit of the global diamond giant, De Beers, grades natural stones and is also using its proprietary inscription technology to inscribe a unique identification on tables of each...

07 november 2017

In future, only those who offer innovative designs will survive

A science graduate from Madras University, Srinivasan's one-man venture with just 10 employees launched in 1984 has now grown into the present Emerald Group, in about 3 plus decades. The Group from Southern India is one of the largest jewellery manufacturing...

30 october 2017

Conditions are still very difficult - Ernie Blom

Ernie Blom, the President of the World Federation of Diamond Bourses (WFDB) for the third term, has served on a range of industry bodies as an executive as well as chairman for many years, including Chairman, Diamond Dealers Club of South Africa...

23 october 2017

Chow Tai Fook’s sales up in Q1 FY2018

17 july 2017
Chow Tai Fook Jewellery Group Limited’s sales in Mainland China, Hong Kong and Macau regions indicated growth for the three months ended 30 June 2017 (Q1 FY2018), according to the company’s data for the period.
Chow Tai Fook’s Retail Sales Value (RSV) for the period grew by 17% y-o-y for Mainland China and by 7% for Hong Kong and Macau. While Same Store Sales (SSS) were up 11% for the period y-o-y in Mainland China, they were up by 5% in Hong Kong and Macau; and while the former experienced no growth in Same Store Sales Volume, the latter saw a growth of 7% in this category in Q1 FY2018 as compared to the same period of the previous year.
While gold products saw a growth of 16% for the period y-o-y in Mainland China and 9% in Hong Kong and Macau, gemset jewellery saw an increased offtake of 3% in Mainland China, the segment witnessed a fall of 4% for Hong Kong and Macau.
Chow Tai Fook’s jewellery e-commerce business in Mainland China remained robust with a 140% year-on-year growth in the First Quarter, backed by a strong volume increase of 125%.

Aruna Gaitonde, Editor-in-Chief of Asian Bureau, Rough & Polished

Comments

Only registered users can add comments (Register, Login)