GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

Today

Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

Luk Fook’s Profit Plunges 41%

24 june 2016
Luk Fook’s sales slumped and profit plummeted in fiscal 2016 as the company joined a string of jewelers hit by a Chinese economic downturn and fewer tourist arrivals in Hong Kong.
Revenue dropped 12 percent to $1.81 billion (HKD 14.03 billion) and net income plunged 41 percent to $123.9 million in the year to March 31. The group’s Hong Kong sales fell 14 percent to $1.06 billion, in line with the company’s profit warning earlier this month.
Tourism to Hong Kong declined because of a macro-economic downturn, the company said. The strong U.S. and Hong Kong dollars relative to the Renminbi weighed on sales, as did the increased popularity of other destinations such as Japan and Korea due to more favorable exchange rates for visitors.
Chow Tai Fook, another Hong Kong-based retail jeweler, saw annual profit tumble 46 percent. Chow Sang Sang’s Hong Kong and Macau jewelry sales slid 10 percent in 2015 but a stronger performance in mainland China helped limit the dip in the company’s revenue to 1 percent.