Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...

Yesterday

GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

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

Luk Fook’s retail sales grows a whopping 30% in Q4

27 april 2021
Jeweller Luk Fook Holdings (International) Ltd has reported robust retail sales performance in Q4. Attributing it to a low base effect and the recent decline in gold prices, Lukfook said group sales recovered from a loss of 29 per cent last quarter to a growth of 30 per cent from January to March 2021.
According to the company, with effective pandemic control of COVID-19, same-store sales in mainland China almost doubled during the quarter. Also, sales in Hong Kong and Macau, too, rebounded recording a 19 per cent growth in Q4.
Sales of gold and fixed-price jewellery products rose by 28 per cent in Hong Kong and 9 per cent in Macau. Same-store sales of self-operated shops in mainland China were also higher by 93 per cent, with gold and fixed-price jewellery items improving by 110 per cent and 62 per cent, respectively. 

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