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

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

Chow Tai Fook's Provisional 1Q Sales +16%

23 july 2012

Chow Tai Fook Jewellery Group reported unaudited operational data for its first quarter, which ended on June 30, and noted retail revenue growth was 16 percent year on year, however, same-store sales rose only 4 percent. The group did not provide figures, Rapaport reports.
By region, comparable-store sales slipped 1 percent year on year for the group's Hong Kong and Macau operations where sales volume of high-end diamond jewelry was weak, according to the company's statement. Same-store sales growth on Mainland China rose 10 percent. 
During the quarter, Chow Tai Fook opened 47 new points of sale. Amidst a volatile  macroeconomic retail environment, the management has proactively adjusted the product mix to meet the market demand in Hong Kong and Macau, according to the group. Shares in Chow Tai Fook, which began trading in December, closed in Hong Kong on July 18 flat at HKD 9.23. The company's shares are well off their high of HKD 15.16, which was set on January 26.