Color diamonds are more valuable and desirable and a better investment

In 1993, Eyal Cohen started his career as a diamond cutter, sitting by his father’s side as an apprentice. 4 years later, he was recruited by a jewelry firm, where he learned to appreciate natural colored diamonds. In 2003, Eyal opened his own company...

17 september 2018

Debate on the main issues affecting the diamond business is absolutely critical - Ernie Blom

Having taken part in the fruitful discussions with the world leaders at the Asian Summit held recently in Vladivostok, Ernie Blom, President, World Federation of Diamond Bourses (WFDB) now looks forward to taking the worthy inputs received at...

10 september 2018

Reflecting the nature of the industry, US jewellery market is significantly seasonal with great ‘ebb and flow’ in demand, opines Vin Lee

Vin Lee, CEO of Beverly Hills-based Grand Metropolitan, a privately-held luxury goods holding company had migrated from Canada as a child. And one can see that it did not take him long to ascend the US luxury world, establishing himself as a formidable...

27 august 2018

Vladimir Zboykov: New times have come for jewelers

How a personal collection of minerals was thrown on the scrap-heap, who is behind the destruction of gemstone consumption culture in Russia and why jewelers will soon have to choose between business and prison – all this was told to Rough & Polished...

20 august 2018

Changing preconceptions in the diamond and financial markets

Eli Avidar is a man on the move…literally. In April, the former Israeli diplomat stepped away from the CEO’s office at the Israel Diamond Exchange, a position he had held for more than two years, and from the Israel Diamond Institute, where he had been...

13 august 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