Ali Pastorini: “We have to change a little the way to sell the idea that buying jewelry is just for glamour”

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together approximately 1000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

18 february 2019

Indian gem and jewellery manufacturers have the skill and capabilities to cater to any market in the world

Besides spearheading the “White Paper” last year, Colin Shah, Vice Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) has been actively involved in the initiatives of the Council like MyKYCBank and many more… A first generation...

11 february 2019

The Indian gems and jewellery industry was progressing in the past and will certainly progress in the future

Dinesh Navadiya, the Regional Chairman (Gujarat Region) of The Gems & Jewellery Export Promotion Council (GJEPC) of India, is also the representative of the Gujarat G&J sector at various organisations as well as government authorities...

04 february 2019

The Russian Diamond Line: We do not believe that gifted persons would win through on their own

The Russian Diamond Line, a Moscow international jewellery contest of jewellery design, has been held for a decade already. At the end of the year, the results of the jubilee RDL-2018 contest were summed up, and on December 14, the prizewinners of the...

28 january 2019

New lending will have to be fully asset-backed with true provenance and transparency in the flow of goods and monies

After handling Gem & Jewellery (G&J) industry financing as a banker for many years, Erik A Jens sees an opportunity now that numerous banks are withdrawing from the sector. He is exploring opportunities to establishing a financing firm focusing...

21 january 2019

Hong Kong’s sales of jewelry, watches, luxury goods up in October

06 december 2018
Sales of jewelry, watches, clocks and other valuable gifts in Hong Kong increased by 3.3% on the year in October to $878 mn, according to Hong Kong’s Census and Statistics Department.
The rise was higher than that recorded in September when Typhoon Mangkhut hit Hong Kong and the increase in jewelry sales was 2.2%.

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                                 Image credit: Chow Tai Fook

In October, the total number of tourists visiting Hong Kong grew 12% to 5.9 mn, according to the Hong Kong Tourism Board. Of those, 4.7 mn came from mainland China.
For the first 10 months of this year, the sales category increased by 18.2% to $9.10 bn.
Overall retail sales in Hong Kong rose by 6% on the year in October to $5.08 bn. For the January-October period, there was an increase of 10.6% to $51.3 bn.
Growth in retail sales in October was higher than in September due to an increase in visitor arrivals and continued income growth.
The higher rates of tourism, as well as the positive employment market and rise in income levels, should lead to continued growth in the sector. However, external uncertainties and a weaker asset market could potentially affect consumer sentiment.

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