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Lucapa to become a niche diamond company, says Wetherall

Lucapa Diamond believes that it will become the only company in the world with multiple diamond mining operations whose average diamond value is in excess of $1,000 per carat, once the Mothae mine is commissioned this year. Company chief executive and...

19 february 2018

Zimnisky: Diamonds lack fungibility to be a major investment product

Physical diamonds will never be a viable widespread investment product simply because they inherently lack fungibility, meaning they are all unique, according to Paul Zimnisky, an independent diamond industry analyst and consultant, who is based in New...

12 february 2018

Julien-Vincent Brunie: "Being surrounded by beauty and art is a privilege!"

This last December, shortly before Christmas, the Auction House of Christie's arranged a private display of jewelry in Moscow. The correspondent of Rough & Polished, who had an opportunity to visit this event, was able to admire a luxurious collection...

05 february 2018

Ali Pastorini: We would like meeting Mujeres Brillantes 2018 to be held in Russia

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together approximately 500 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

29 january 2018

Diamond Exchanges promote healthy development of the diamond industry, besides safe and basic infrastructures for diamond trade

Prior to joining the Guangzhou Diamond Exchange, Liang Weizhang served as a civil servant of Guangdong Entry-Exit Inspection & Quarantine Bureau as the director of the Kimberley Process Office. He participated in the KP Review missions to South Africa...

22 january 2018

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

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