WDC urges extreme caution when exporting diamonds from CAR

The World Diamond Council (WDC) says the diamond industry should carry out enhanced due diligence when considering the purchase of goods believed to be emanating from the Central African Republic (CAR).

05 march 2021

BlueRock raises £1.5 mln to complete expansion project at Kareevlei

BlueRock Diamonds has raised £1.5 million through an oversubscribed subscription of 3,75 million new ordinary shares for 40 pence per share.

05 march 2021

Hong Kong’s jewellery retail sales dip 31.7% in January 2021

Due to the fourth wave of COVID-19 cases in Hong Kong, jewellery sales in the city dipped by 31.7 per cent in January 2021, but the pace of decline had eased slightly, as per the government data.

05 march 2021

Rio Tinto to see Board changes after forthcoming AGMs

Rio Tinto Chairman Simon Thompson has informed the Board that he will not seek re-election as a non-executive director at the 2022 Annual General Meetings of Rio Tinto plc and Rio Tinto. Sam Laidlaw, a senior independent director of Rio Tinto plc, and...

05 march 2021

RZM Murowa earmarks $450 mln to expand Zim operations

RZM Murowa (formerly Murowa Diamonds), a subsidiary of RioZim is set to invest $450 million to expand its operations in the Midlands Province, Zimbabwe, according to the state media.

04 march 2021

How Chow Tai Fook became one of the biggest gold and jewellery chains in the world

19 february 2021

(South China Morning Post) - Chow Tai Fook was founded in 1929 in Guangzhou, in southern China, by Chow Chi-yuen, a native of Shunde, a town 45km (28 miles) to the south of that city; in those days, it operated solely as a goldsmith. In 1938 the company opened its first shop in Macau, then one in Hong Kong the following year. It was in 1956 that the company really started to expand under the control of Cheng Yu-tung, son-in-law of Chow, who had taken him on as a penniless apprentice. Cheng, who died in 2016, went on to become Hong Kong’s third-richest person. Cheng was the central figure in the success of the company, transforming Chow Tai Fook from a shop selling bullion and traditional gold accessories to a jewellery retailer in the modern sense, and expanding into a host of other businesses, many of which his companies are still involved in today, including property (New World Development), hotels (in particular the Rosewood group), energy, aviation and urban transit (Citybus and New World First Bus). Today Chow Tai Fook employs more than 28,100 people and deals with about 6,000 suppliers.