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Virtual Possibilities of Jewellery Market

Online jewellery trading in Russia – since it started boosting and becoming more popular among the consumers - is of keen interest among the market players and is a topical issue. Dmitry Zamyshlyaev, Deputy Head of the Federal State Enterprise ‘Assay...

17 july 2017

Too early to say good days are back, but the industry is witnessing changes

Rajesh Lakhani, Director of Kiran Gems Pvt Ltd has more than 20 years standing in the diamond industry shouldering major responsibilities at Kiran including planning, developing and managing global marketing, sales and distribution of polished goods...

10 july 2017

The task of all the jewellery community is to back up the history of natural diamond, its myths, its reputation of a rare and most precious gem

Russkaya Yuvelirnaya Kompaniya No. 1 Holding comprising the Moscow jewellery factory of the same name and the retail chains in Novosibirsk and Moscow manufactures exclusive jewellery pieces and sells them on the Russian market. It specializes in making...

03 july 2017

SA’s Vutomi project can start production end of 2018 – John Teeling

Botswana Diamonds entered into an option and earn-in agreement with Vutomi Mining and Razorbill Properties, a private diamond exploration and development firm in South Africa last February. It agreed to pay Vutomi a total of £942,000 in cash, of which...

26 june 2017

Proximity doesn’t matter, your pocket does: Tanzanians interested in tanzanite jewellery can testify

Tanzanite, a rare blue/purple gem, was discovered in the Merarani Hills of Manyara Region in northern Tanzania in 1967, a few miles from Arusha and Mount Kilimanjaro. It is used as a gemstone and of late Tanzanians are manufacturing quality jewellery...

19 june 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

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