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

Lukfook looks to China for sustained growth

04 july 2019
news_11042018_lukfook.jpgLuk Fook Holdings (International) Ltd, the Hong Kong-based jewellery retailer is now banking on increased demand for fine jewellery in China to maintain growth.
While the company reported an 8.8 percent hike in revenues to approximately $ 2.04 bln for the year ending March 31, 2019, the operating profit was up 14.3 percent while profit attributable to equity holders rose 9 percent.
The company reports that its Net profit went up 9.7 percent despite diminishing market sentiment in the second half of the year, largely due to the US-China trade war.
Sales of gold and platinum products were up 0.9 percent, accounting for 51.8 percent of overall sales, while demand for gem-set jewellery products was 17 percent higher during the period in review.
According to the company, Hong Kong continues to play a key role in the group’s portfolio. The retail business in Hong Kong was fueled by Visitors from China with revenues rising 11.6 percent. As of March 31, the Group has a global network of 1,828 shops, including 197 new stores.

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