Consumers attracted to diamond jewelry more than ever

Ali Pastorini is the co-owner of Del Lima Jewelry and President of Mujeres Brillantes, an association which brings together more than 1,000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

Yesterday

WDC actively supports initiatives from mine to retail; and also strives for support for the artisanal and small-scale miners - Edward Asscher, President, World Diamond Council

A member of one of the diamond industry and Amsterdam’s most well-known families, Edward Asscher was elected President of the World Diamond Council in June 2020 for a two-year term. Asscher is serving a second time as WDC President, having led the organization...

14 september 2020

Diamonds are one of the few things that have held human fascination in every nook and cranny of the world across time

Dr Usha R. Balakrishnan, a preeminent historian of Indian jewellery based in Mumbai, is Chief Curator of the World Diamond Museum. Being the author and co-author of several volumes of Diamonds Across Time, a new book and an important venture launched...

11 september 2020

Botswana Diamonds to bulk sample KX36 kimberlite, sees commercial potential

Botswana Diamonds recently acquired Petra Diamonds’ exploration assets in Botswana for $300000. The assets that were owned by Petra through its wholly-owned Sekaka Diamonds Exploration, include the KX36 project, a 3.5 hectare kimberlite that was a new...

07 september 2020

Indian diamond industry looks for recovery options

Webinars being the order of the day due to COVID-19 crisis, the Gem & Jewellery Export Promotion Council (GJEPC) of India organized a virtual meeting under its UNCUT 2020 Webinar series on 17 August 2020, inviting all stakeholders to discuss...

31 august 2020

Lukfook’s income increases on improved market sentiment

12 december 2018
Hong Kong jeweller Lukfook Holdings (International) Ltd reported a 27.9 percent increase in net profit for the six months ended September 30, on the back of positive market sentiment and lower gold prices. Profit attributable to equity holders reached around US$85 mn says a report in jewellernews.net.

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Image credit: Lukfook


Wong Wai Sheung, chairman and chief executive of Lukfook Group commented, “Visitor arrivals in Hong Kong and Macau increased due to an improved overall economic environment. However, the market sentiment was adversely impacted by the recent US-China trade war as well as the depreciation of renminbi.The Group remains prudent about its business development in the second half of the financial year. Nevertheless, with the anticipated considerable growth of the middle-class population in China, the group remains optimistic about mid- to long-term business prospects.”
During the 6 months ended September 30, overall same store sales grew 17.7 percent, with sales of gold and platinum products rising 22.3 percent and 11.3 percent for gem-set jewellery items.
“In the coming year, the group will focus on product offering enrichment, market coverage enlargement in China and market-oriented strategies to penetrate into the mass market, covering the middle-class, wedding couples as well as kids,” added Wong.

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