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

Hong Kong Luxury Sales to Drop 10% in Golden Week

09 october 2012

Purchase of luxury goods by mainland visitors in Hong Kong is set to fall at least 10 percent from a year ago during this week’s holiday, said Joseph Tung, executive director of the Travel Industry Council. The decline comes even as the number of tourists coming from China increases.
The number of mainland tourists to Hong Kong rose about 6 percent to more than 400,000 on the first three days of October, according to calculations by Bloomberg based on data from the city’s immigration department.
During last year’s Golden Week holiday around 770,000 Chinese mainlanders traveled to Hong Kong, accounting for about $10 billion to $13 billion in retail spending, according to HSBC.
Still, mainland tourists are spending less this holiday, with average expenditures of HK$5,000 ($645) to HK$6,000 falling below last year’s HK$7,000 to HK$8,000, Tung estimated.
Noticeably lower spending in Hong Kong affects consumer companies, including Burberry Group Plc or Hengdeli Holdings Ltd. the partner of Swatch Group AG in China, and others that have decided to invest in stores.
Some local watch- and jewelry-store owners - often key beneficiaries of mainland tourism - say they’ve noticed a major softening from last year.
In research published last month, HSBC analyst Donna Kwok said she expected a slowdown this year because of “the negative wealth effect from falling asset prices,” implying the Chinese realty market.

Dasha Platonova, Editor in Chief of the Asian Bureau, Rough&Polished