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

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

CTF announces positive sales growth in Q4

24 april 2019

chow_tai_kook_logo.pngChow Tai Fook Jewellery Group has released its three months ended March 31, 2019 and the FY2018-19 interim report stating that Mainland China, Hong Kong and Macau markets had shown an improvement in same store sales growth.
The total Retail Sales Value increased by 24% in Mainland China and 7% in Hong Kong and Macau. The Same Store Sales grew by 9% in Mainland China and 1% in Hong Kong and Macau while Same Store Sales Volume Growth was 2% down in Mainland China and 4% lower in Hong Kong and Macau.
While Same Store Sales growth by product was flat (0% growth) in the case of gemset jewellery, the Retail Sales Value recorded a growth at 12%. In Hong Kong and Macau Same Store Sales Growth dipped  by 10%. Same Store Sales Growth for gold products in Mainland China was up 14%; and indicated an increase of 3% in Hong Kong and Macau. The increase in growth of gold products in both markets was mainly attributable to the improvement in same store Average Selling Price during the Quarter as the average weight per gold product sold increased. The company also noted that the average international gold price in the Quarter dropped by 2% when compared to the same period last year.

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