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...

Today

The majority of women don’t care whether their diamonds are mined or lab grown - Alex Popov, CEO of Âme

Alex Popov, President of the Moscow Diamond Bourse and former Chairman of the World Diamond Mark Foundation (WDMF) launched a new jewelry brand under the name of Âme focused on design and using lab grown diamonds to produce jewelry meant to meet...

14 january 2019

At IDE, we encourage innovation throughout the bourse and have even opened a technological incubator to host start-ups - Yoram Dvash

A first generation diamantaire, Yoram Dvash founded ‘Y Dvash Diamonds Ltd’ in 1991 in Israel. While the company grew and made progress under his leadership, Dvash joined industry organizations such as the Israel Diamond Manufacturers Association (IsDMA)...

09 january 2019

Cooperation and collaboration are the development trend of today

Pavel Grankin runs the Slava Group of companies and holds the Slava trademark (‘Slava’ means ‘Glory’ in Russian). He has graduated from the Mozhaisky Military Space Academy. He did his military service at the Plesetsk Сosmodrome from 1987 to...

04 january 2019

De Beers speaks on Zim invitation to explore for diamonds again

De Beers’ exploration team landed in Zimbabwe in 1993 and left in 2006, however, they first prospected for diamonds in Marange in the late 1990s. Harare, under the leadership of the then president Robert Mugabe, alleged that De Beers looted diamonds...

24 december 2018

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