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Retail Asia27/01/2024

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You can dress up an outfit easily if you have a collection that works well for formal and informal settings. That is what jewelry made of moissanite gives. Because of their versatility and everlasting beauty, moissanite jewels are indispensable accessories for any event. Not only does moissanite make excellent engagement rings, but it’s also far […]

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Retail Asia26/10/2023

Denmark’s Pandora will start work on a jewelry crafting facility in Vietnam in the first quarter next year at a cost of US$163 million. The facility, in the southern industrial hub of Binh Duong, is scheduled to become operational in 2026, Michael Zinck Jensen, project head of Pandora Production Holding in Binh Duong, told Deputy […]

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Retail Asia30/12/2022

Vietnam consumes nearly 50 tons of gold jewelry each year, with 80% absorbed by HCMC, according to the Saigon Jewelry Association (SJA). The country imported more than 1,000 tons of gold in the 1991-2012 period. Businesses have not been allowed to import raw gold since May 2012, but consumption of the precious metal has still […]

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Retail Asia17/05/2022

Pandora, the world’s largest jewelry company by sales, will set up a US$100-million production facility in Vietnam. To be situated in the Vietnam-Singapore Industrial Park 3 in Binh Duong Province, it will be built to LEED Gold green building standards and powered completely by renewable energy. Construction is set to start in early 2023, and […]

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Retail Asia27/01/2022

Conglomerate FLC on Wednesday entered the jewelry industry with the new brand FJC, establishing its first store in Hanoi. Located at Bamboo Airways Tower in Cau Giay District, FJC’s first store sells 24-karat gold, jewelry, diamond and fengshui accessories. The jewelry business will help FLC complete its ecosystem, which already includes real estate, aviation and […]

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Retail Asia03/12/2021

Jewelry maker Pandora would prefer to invest in physical stores or its own online sales platform rather than join large e-commerce marketplaces like Amazon or Farfetch, its chief executive said on Wednesday. “If you’re a small and unknown brand, marketplaces offer a great opportunity, because they provide you with an audience. I already have an […]

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Retail Asia01/12/2021

Hiersun Group’s jewelry label, I Do, has unveiled the ‘Peaceful Elephant’ I Do Artist store in Wuhan, China, created by AntiStatics Architecture in collaboration with artist Yue Min Jun. Located on the Han-river shopping street, I Do Wuhan stands out from its surroundings with a stunning facade featuring a giant diamond structured elephant sculpture and […]

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Retail Asia20/05/2021

The luxury goods sector could shrug off the hit from the coronavirus crisis as early as this year as Chinese and US shoppers help sales recover to pre-pandemic levels, consultancy Bain said on Monday. Bain now sees a 30 percent probability that sales of high-end handbags, clothes and jewelry will return to or exceed their […]

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Retail Asia20/04/2021

At its annual general meeting Saturday, it also announced a revenue target of VND21 trillion, up 20 percent. But Phu Hung Securities Corporation has forecast revenues of VND18.4 trillion and profits of VND1.09 trillion, explaining that the volatility in gold prices and consumers’ increasing preference for imported jewelry would keep numbers down. BSC Securities expected […]

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Retail Asia29/07/2020

High-class Malaysian jeweler Aurora Italia International will extend its e-commerce efforts to build sales growth in the coming year. The firm, which recently listed on the Bursa Malaysia Securities Leap Market, will diversify its points of sale to expand its brand awareness and customer base via online channels. It will also boost strategic distribution alliances […]

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Retail Asia23/07/2020

Luk Fook Holdings has reported a 71-per-cent plunge in first-quarter same-store sales due to the impact of Covid-19 on tourist numbers traveling to Hong Kong. However, the company said that entering June, as retail sentiment in Hong Kong and on the mainland gradually improved, the overall same-store sales decline of the company’s self-operated shops narrowed […]

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Retail Asia21/07/2020

Hong Kong designer Marie France Van Damme has launched a new online lifestyle and e-commerce platform Curated by MF. The site is designed to support the designer’s personal network of boutique designers, businesses and craftspeople, listing globally sourced curated products and exclusive private label pieces. “In a time of health crisis and economic uncertainty, as […]

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Retail Asia14/07/2020

With manufacturers reporting greater demand volumes and retailers confirming a steady increase in business in April and May, the China jewelry industry finds itself in the midst of a V-shaped recovery in the second quarter of 2020. A confluence of factors has led to platinum becoming a strategic category as the industry embarks upon recovery […]

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Retail Asia15/06/2020

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Hong Kong-headquartered jeweler Chow Tai Fook has ended the financial year with a US$374 million profit attributable to shareholders. While that is down 36.6 percent on last year, and its worst annual result in a decade, it underpins the strength of the company at a time that retail sales in Hong Kong and China have […]

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Retail Asia28/05/2020

House of Tata’s luxury jeweler Zoya is launching a boutique in Bangalore. The 3300sqm South Indian flagship is opening a business in the city’s most prominent luxury strip on central Vittal Mallya Road with a venue aiming for an understated ambiance that evokes an appreciation for fine artistry and handcrafted jeweled accessories. “Zoya’s collections are […]

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Retail Asia20/04/2020

Hong Kong-listed jeweler Luk Fook says its March-quarter same-store sales plunged 57 percent as the Covid-19 outbreak saw the mainland border closed and tourist numbers fall to almost zero. Sales of gem-set jewelry were down by 64 percent year on year, and of gold (by weight) by 58 percent. The sales decline was worst in […]

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Retail Asia08/04/2020

Shenzhen’s multi-brand jeweler Ideal has transformed its 18-year-old traditional business model to a New Retail business virtually overnight in light of the coronavirus crisis. The retailer rolled out a transformation initiative dubbed “Thousand People, Thousand Stores” by establishing ‘online cloud stores’ through live streaming, turning its ranks of sales associates into live stream broadcasters. The […]

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Retail Asia06/04/2020

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A free-standing mirror that crushed an infant to death at an Urban Revivo store at Jewel Changi last August weighed more than 100kg, the Singapore coroner heard yesterday. The accident occurred when two six-year-old boys, one a brother of the infant Lai Jiaxin from China, were playing behind it. When one of the boys stepped […]

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Retail Asia24/03/2020

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Singaporean and Japanese Bridal jewelry brand Venus Tears has opened a flagship store off Orchard Road. Located inside Wisma Atria shopping mall, Venus Tears features wedding bands and engagement rings which are designed and manufactured in Japan. The brand also offers customization of jewelry, ensuring the uniqueness of each item for its customers. “Our goal […]

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Retail Asia23/03/2020

Hong Kong jeweler Luk Fook says its sales halved during the first two months of this year as the coronavirus outbreak caused an extensive lockdown of mainland Chinese cities and visitors to Hong Kong and Macau fell sharply. While most mainland stores have reopened this month, customer footfall of the shops operating in Mainland China, […]

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