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

Hong Kong retail sales register decline in May

05 july 2019
Continued global economic uncertainties and the ongoing citizen protests in the city against a proposed extradition bill derailed the retail sector in Hong Kong showing a 1.3% drop in retail sales by value and a 1.7% decline in value terms during the month of May, marking the fourth consecutive monthly decline this year. While sales of jewellery, watches, clocks and other valuable gifts dropped 2.7% year on year, other categories such as apparel, motor vehicles, electrical goods, etc. too recorded a decline. Total retail sales across all categories are now down 1.8% in value terms over the first five months of the year with a 2.2% dip in volume terms, as per media reports.
It is estimated that the outlook for retail sales will continue to be clouded in the near term. The social movement over the extradition bill as well as the US-China trade war would continue to cloud sentiment in the coming weeks. While the outlook for June remained poor, with business expected to be quieter, and that given last year’s high base, there could be a double-digit decline in overall sales. HK retail sales are expected to shrink 5% over 2019 to approximately HKD 460 bln in 2019, as the ongoing Sino-US trade dispute, equity market turbulence continue to affect consumers sentiment and actual spending. Local retail sales and mainland tourist arrivals are expected to continue on a downward trend through the rest of 2019, indicating a slowing consumer market in Hong Kong.

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