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JEWELLERY: Chow Tai Fook: Jewelry business "dead sheep", financial business "reinforcement"

  • Date: 02-01-19
  • Category: JEWELLERY
  • Source: 21 Gem

The downturn in the jewelry market has also affected Chow Tai Fook's performance. From 2014 to 2018, Chow Tai Fook's turnover fell from HK$77.41 billion to HK$59.16 billion, a decrease of 23.6%.

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JEWELLERY: Platinum Guild International 2018 China Platinum Jewelry Summit Forum held in Shenzhen

  • Date: 07-12-18
  • Category: JEWELLERY
  • Source: Read01

Platinum Guild International (PGI®) held the 2018 China Platinum Jewelry Summit Forum in Shenzhen on December 7th, working with Chinese jewelry executives, industry innovators, industry leaders and industry partners. Sharing the status quo of China's platinum jewelry industry, interpreting the challenges facing the jewelry industry and conducting a particularly in-depth analysis of the potential opportunities in the future, and also in-depth exchanges and discussions on the development of the pl

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JEWELLERY: China’s growth slows, as does tourist spending at Tiffany

  • Date: 28-11-18
  • Category: JEWELLERY
  • Source: Seattle Times

There was something missing at the luxury jeweler Tiffany & Co. in recent months: Chinese tourists. While the company said Wednesday that third-quarter revenue rose 4 percent to just above $1 billion, industry analysts were anticipating a bigger boost. Some of that unexpected drag has occurred as tourists, particularly Chinese tourists, pull back on spending in places like New York and Hong Kong.

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JEWELLERY: The consumption of gold jewelry is stable, and the k-gold and 3D hard gold are becoming new highlights of consumption

  • Date: 27-11-18
  • Category: JEWELLERY
  • Source: Jewellery.org

By the end of September 2018, shenzhen jewelry industry has more than 5,000 legal person registered enterprises, more than 15,000 individual industrial and commercial businesses, about 30 wholesale markets for large and small jewelry transactions, about 150 billion yuan of industrial manufacturing and processing value, 45 billion yuan of wholesale and retail trade value, and more than 150,000 industrial workers. Shenzhen's annual physical delivery of gold and platinum accounted for 70% of the ph

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JEWELLERY: Platinum industry frets over Sibanye

  • Date: 25-11-18
  • Category: JEWELLERY
  • Source: Business Live

As the Platinum Guild International tries to stem the decline in Chinese demand for platinum jewellery, the industry body is fretting about what Sibanye-Stillwater’s takeover of Lonmin to create a new power in the sector will mean for its marketing effort in the world’s most important platinum jewellery segment.

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JEWELLERY: Industry, retailers seek new ways to spur platinum jewellery demand in China

  • Date: 15-11-18
  • Category: JEWELLERY
  • Source: Mining Weekly

The platinum industry is, together with key retailers, changing its strategy in China to try to reignite platinum jewellery demand in that market, says financial services provider BMO Capital Markets.

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JEWELLERY: The world's largest platinum mine owner Amplats CEO visited Bofook

  • Date: 13-11-18
  • Category: JEWELLERY
  • Source: jewellery.org

On November 12th, Chris Griffith, CEO of Amplats Anglo Platinum, the world's largest platinum mining company, and more than 20 analysts, investors and reporters visited Baofu Jewelry.

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JEWELLERY: Hong Kong jewellery retail performance slows

  • Date: 07-11-18
  • Category: JEWELLERY
  • Source: Jewellery Net

The China-US trade war has hit Hong Kong's retail industry. According to the Hong Kong Census and Statistics Department, the total retail sales in Hong Kong in September was 36.6 billion Hong Kong dollars, up only 2.4% year-on-year, the lowest growth since June last year. Retail sales of jewellery, watches and clocks and valuable gifts have slowed sharply, with an increase of only 2.2%, a decrease of 18.6% from August.

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