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

“Our goal is to bring clarity to the offering of Lab Grown Diamonds”, asserts Chris Casey, President, Lab Grown Diamond Council

Chris Casey is a 15-year veteran of the diamond and jewelry industry.  Chris also has extensive experience in market research as Founding Managing Director of the NPD Diamond and Diamond Jewelry Service where his responsibility included the...

08 july 2019

Dr. Michael S. Krzemnicki: Our dedication to scientific research is an important foundation to our expertise

Dr. Michael S. Krzemnicki, PhD, Director of the Swiss Gemmological Institute SSEF, in an interview with R&P told about the activities and plans of one of the world's leading Gemological laboratories specializing in scientific research of diamonds...

01 july 2019

“Lab-Grown Diamonds is probably the biggest scam this industry has ever seen,”: Leibish Polnauer, Founder-President, Leibish & Co.

An interesting story from the Leibish & Co takes you way back to the year 1979 when young Leibish Polnauer, then a diamond polisher, was travelling to London, having just found out that the factory at which he worked had been shut down. He found an advertisement...

24 june 2019

Botswana mining industry players speak on speculative exploration licences

Speculative mineral exploration licences was a recurring theme from presentations made by three players in Botswana mining industry at a conference convened in Gaborone. The country has issued thousands of exploration licences, across the mining industry...

17 june 2019

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