Thai coloured stones and silver jewellery sector looks to China for growth

The Commercial Consul, Royal Thai Consulate General in Shanghai has commented on the considerable potential for Thai jewellery to penetrate the Chinese market, adding that coloured stones and silver jewellery are gaining in popularity among young Chinese...

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ALROSA sold 102 diamonds during its May online tender

ALROSA sold 102 diamonds from boxes of 5-10 carats during its online tender, which took place from May 15 to May 29, 2020.

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Hong Kong’s jewellery sales dip 77 % in April 2020

According to Hong Kong’s Census and Statistics Department, Hong Kong’s jewellery sales dropped drastically in April, despite the markets opened up after COVID-19 threat.

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Petra Diamonds Q3 revenue slides 32% to $91.3M

Petra Diamonds, which has operations in South Africa and Tanzania, says its third quarter revenue for the fiscal year 2020 eased 32% to $91.3 million compared to $135.2 million, a year earlier mainly due to reduced prices recorded at the March tender...

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Synthetic diamond manufacturers clash over patents

The lawsuit between the companies producing synthetic diamonds is subject to further consideration, since there are sufficient grounds for litigation regarding the methods of production and processing of stones.

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Why Expensive Luxury Brands are Often Priced Too Low

01 october 2019
(jingdaily.com) - Recently, an associate in Shanghai bought a Hermès handbag for about $15,000. She said she fell in love with the brand and that specific bag, and her dream was to own it (and she would have done anything to get it). Luxury is like love, and once consumers fall, prices no longer matter to some extent. Today, most luxury brands price benchmark their products with the products of their competitors, or else they use production costs as their pricing measure. This is the wrong idea, and I’ll explain why.