jeweler

Retail Asia21/08/2020

Jeweler Luk Fook Holdings has warned shareholders of a “substantial decline” in both sales and profit for the June quarter. Revenue for the Hong Kong-headquartered company was down 60 percent year on year for the three months, with profit down by around 80 per cent. However, CEO Wai Sheung Wong said there are signs of […]

Retail Asia17/07/2020

Hong Kong jeweler Chow Tai Fook says the reopening of retail stores in Mainland China eased the company’s sales decline in the June quarter. But the lack of tourists in Hong Kong and Macau decimated sales there. Same-store sales were down by 93.2 percent in Macau and 72.5 percent in Hong Kong. However, an “encouraging […]

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 […]

Retail Asia02/04/2020

Jeweler Tse Sui Luen is projecting a loss of HKD 80 million (US$10.3 million) for the year to March – a stark reversal from last year’s net profit of HK$54 million ($6.96 million. In a profit warning issued to the Hong Kong stock exchange, the company said its estimate was based on a review of […]

Retail Asia26/02/2019

From social media filters, to reshape the concept of traditional retail, Augmented Reality (AR) is rapidly growing in popularity because it brings elements of the virtual world, into the reality, thus enhancing the things we see, hear, and feel. AR has made retail engagement all the more experiential, fascinating and personal and it’s often considered to […]

Retail Asia26/02/2019

Two major jewellery shows organised by the Hong Kong Trade Development Council (HKTDC) will open next week. The sixth HKTDC Hong Kong International Diamond, Gem & Pearl Show, which showcases jewellery raw materials, will take place at AsiaWorld-Expo from 26 Feb to 2 March, while the 36th HKTDC Hong Kong International Jewellery Show, which specialises […]

Retail Asia26/02/2019

When Mithun Sacheti founded CaratLane 10 years ago, e-commerce was at its infancy in India and no one could have imagined that Indian consumers would be ready to buy jewellery online. CaratLane was founded with a mission to democratise jewellery – to make beautiful jewellery accessible and affordable and with designs that are modern and wearable. A refreshing and courageous […]

Retail Asia18/02/2019

If you were in Hong Kong for Valentine’s Day you must have seen cascades of flowers around the city, couples flooding the restaurants, and inevitably thought: “love is definitely in the air”. You were actually right. Hong Kong is one of the top Asian markets for sentimental spending according to the Mastercard Love Index, showing […]

Retail Asia31/01/2019

Belgian jewellery brand Diamanti Per Tutti has launched its first standalone store in Singapore at Raffles City Shopping Centre. Positioned as an affordable luxury label, Antwerp-based Diamanti Per Tutti retails 925 Sterling Silver items gilded with 18 carat pink or yellow gold vermeil or white rhodium, set by hand with real, ethically-sourced natural diamonds and […]

Retail Asia16/01/2019

Chow Tai Fook sales declined by 11 per cent in same-store sales volume in both Mainland China and Hong Kong & Macau in the December quarter. However the decline in value was less, at 7 per cent in Mainland China and 6 per cent in Macau. Retail sales on the mainland rose by 1 per […]

Retail Asia30/10/2018

Pandora has recently opened its fifth store at New Delhi Terminal 1D. This will be the third store opening in 2018 for Pandora. The brand launched its first store at DLF Mall of India, Noida in April 2017, followed by Select Citywalk in September 2017, DLF Promenade in April 2018 and Galleria Market Gurgaon in June 2018. […]

Retail Asia30/05/2017

Sales and profit at jewelry retailer Tse Sui Luen (TSL) weakened in the past fiscal year, as improved demand in mainland China failed to compensate for sustained sluggishness in Hong Kong. Revenue fell 3.6% to $438 million in the 12 months that ended February 28, the Hong Kong-based jeweler reported Tuesday. Profit dropped 2.6% to […]

Retail Asia26/04/2016

Jewelry retailers Chow Sang Sang Holdings (00116.HK) and Luk Fook Holdings 00590.HK) are said to be waiving the craftsmanship fee on their gold products in a bid to spur sales during the upcoming Labor Day holidays. The promotional period will last for six days until May 2 at Chow Sang Sang, and until May 4 in the case of […]

Tag: jeweler

Luk Fook warns of heavy sales decline in June

Chow Tai Fook finds sales respite as Mainland China gets back to business

Luk Fook sales down as Covid-19 throttles tourism

Tse Sui Luen ready to take hefty loss

India’s Tanishq brings its first Augmented Reality experience for its customers

The largest jewellery marketplace in the world opens in Hong Kong

CaratLane: 10 years of transforming jewellery in India

How much do Hongkongers spend on Valentine’s Day?

Diamanti Per Tutti makes debut in Singapore

Chow Tai Fook sales slip amid consumer uncertainty

Pandora opens fifth concept store at New Delhi Terminal 1D

Jeweler Tse Sui Luen Suffers from Hong Kong Slowdown

Chow Sang Sang and Luk Fook eye new move to boost holiday sales