The talk around LGDs is all hype

As a teenager, Luca Luterbacher began to design and manufacture single pieces and individual items for wealthy private family friends from Switzerland and Lichtenstein. In 2017, he finally invested in his own luxury trademark "Luterbacher."...

12 august 2019

Correct adjustment of advertising is the major challenge

At the recent Amberforum held in the Baltic city of Svetlogorsk, Andrey Yanchevsky, Head of the trade representation of the LA VIVION jewelery company shared his opinion with the correspondent of Rough&Polished on the state and prospects of the jewellery...

05 august 2019

Small-scale diamond mining is the future in Botswana – Leon Daniels

Pangolin Diamonds, which is currently the most active diamond exploration company in Botswana, has called upon authorities in the southern African country to include diamonds into the minerals permit for small scale mining operations. Pangolin chief...

29 july 2019

“There has been a strict policy in Israel against LGDs; have been forbidden on IDE trading floor for years.”: Aviel Elia, Managing Director- IDI

Aviel Elia, an attorney by profession, has served as Legal Adviser and Company Secretary of IDI since 2013. As a key member of the Israel Diamond Institute (IDI) management team, he has been involved in developing company strategy and negotiating...

22 july 2019

Unifying role is the main objective of the National Gemological Association

Yuri Shelementiev runs the Gemological Centre (GC) at the Moscow State University and is a president of the National Gemological Association (NGA) uniting the gemologists of Russia. The head of the MSU’ GC and the NGA answered the R&P’s...

15 july 2019

Expansion boosts CTF’s sales & profit during fiscal year

11 june 2019
chow_tai_kook_logo.pngChow Tai Fook Group’s sales grew 13% to $8.5 bln for the year ending March 31, amid increased purchases of gold jewelry and an expansion of the company’s retail network in China. Retail sales in mainland China climbed 8% to $3.88 bln, while revenue from Hong Kong and Macau jumped 12% to $2.94 bln. Gold was the company’s strongest seller during the period. Group sales of gold surged 13% to $4.07 bln for the year, while revenue from gem-set jewelry rose 4.5% to $1.55 bln. 
Also, CTF added a net 549 new points of sale in mainland China totalling to 3,134 as at March 31.
The same-store sales in mainland China increased 3.4%, while those in Hong Kong and Macau rose 9%. China exhibited growth throughout the fiscal year, while Hong Kong and Macau noted a 19% increase in the first half, followed by a flat second half as economic uncertainty dampened consumer sentiment. Net profit leaped 11% to $597.4 mln for the year.

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