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“I am bullish on the future of the diamond business. Three reasons for this optimism... new discoveries, extending mine life and the increasing demand for diamonds”, says Martin Leake

Martin Leake is a PhD exploration geologist and Six Sigma black belt who has been involved in the rough diamond market since 2004. He worked for BHP Billiton for 22 years and recently left Grib Diamonds where he helped set up a world-class marketing...

18 september 2017

Diamond exploration junior obtained conclusive proof of diamond-bearing kimberlites in Russia’s North

OOO Proex Service, which is searching for diamonds in the Arkhangelsk Region of Russia, discovered seven kimberlite pipes in the Kozolsky license area having spent 15 months for the find. One of the pipes is very similar to the highly diamondiferous...

11 september 2017

People do not just make fun in the social media, they make purchases there

Oksana Senatorova has been famous in the jewellery world for a long time as a publisher of the ‘Navigator in the Jewellery Trade’ journal, organizer of the international contest ‘The Best Jewellery Store of the Year’, curator of professional events and...

04 september 2017

‘There is no illegal tanzanite mining in Tanzania’

Richland Resources, which wholly-owned TanzaniteOne until the Tanzanian government forced it to relinquish half of its stake to the State Mining Corporation (STAMICO), exited the country in 2015 to focus on its operations in Australia. The formalisation...

28 august 2017

David Block: “Intellectual property theft is not just Sarine's problem...whole industry should combat this phenomenon.”

For more than 15 years, David Block served in various senior positions at Sarine Technologies in Israel and India. From 2012 until his appointment as CEO in 2017, Block was Sarine's Deputy CEO and Chief Operating Officer, with responsibility for...

21 august 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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