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In a world where transparency is more and more the standard, our business must address the lab grading issue willingly

Jeweler-Designer Arnaud Flambeau started his career in the jewelry business in 1993 at European Gold Company CLAL as Key Account Manager for the Jewelry Division, where he was in charge of international brands like Cartier or VCA and their subcontractors...

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Vallabhbhai Shamjibhai Patel tells about the ongoing construction of the Surat Diamond Bourse

The under-construction Surat Diamond Bourse (SDB) is India's second diamond trading hub based at Surat, Gujarat, spread across 35.54 acres with more than 4,000 offices for national & international traders. On the onset, the project which...

18 june 2018

The strategy of regulating the Russian jewellery industry

At the General Meeting of the Russian Jewellers Guild Association held in April, two principally important documents were adopted: The Strategy of Regulating the Jewellery Industry of Russia and The Charter of a Good Faith Taxpayer. Besides, the issues...

13 june 2018

Our first priority is to better understand artisanal and small-scale mining - Elodie Daguzan

The Diamond Development Initiative (DDI), the organization dealing with the traditional diamond mining, recently announced the appointment of Élodie Daguzan as its first Goodwill Ambassador. Ms. Daguzan, who currently works as head of communication...

04 june 2018

Zimnisky on De Beers’ Lightbox: It’s a strategic, bold move that will benefit the entire natural diamond industry

De Beers shocked all and sundry end of May when it announced the launch of a new company called Lightbox Jewelry, which will market a new brand of laboratory-grown diamond jewellery in September. This effectively meant that the group had departed from...

01 june 2018

Rise in jewelry sales and expansion in China drives Chow Tai Fook's growth in Q3

12 january 2018

Chow Tai Fook reported a sharp rise in gem-set-jewelry sales in Hong Kong, while expansion in mainland China also helped drive growth in its fiscal third quarter, says a press release from the company.
According to the company, overall retail sales grew 12% in the mainland and were flat in Hong Kong. However, same-store sales at branches open for at least one year increased 5% in both regions.
Same-store sales for gem-set jewelry was up 22% in Hong Kong and Macau in the quarter, while gold products fell 1%. In mainland China, same-store sales of gem-set jewelry went down 1%, but gold grew 8%.
CTF opened a net 77 stores during the three months that ended December 31, of which 74 were in China and three in Hong Kong.

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

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