jewelry

Don't Miss:

06/05/2024 WhatsApp’s new status update tray with previews is rolling out more widely in beta ( General )
02/05/2024 A Deep Dive into Grade A Buildings in Hong Kong ( General )
02/05/2024 Shopee races past other e-commerce rivals ( E-Tailing )
30/04/2024 TikTok, Facebook, and other foreign service providers pay $575M in taxes ( General )
29/04/2024 Sacombank assures no loss on $141M loan to Bamboo Airways ( General )
29/04/2024 Skype rolls out update with new features for both Android and iOS ( General )
26/04/2024 Changi Airport Group awards OUE tender for lease and development of new hotel at Changi Airport Terminal 2 ( General )
26/04/2024 Korean Air to launch new route to Macau ( General )
26/04/2024 WhatsApp is working on an option to stop notifications when someone reacts to your status updates ( General )
24/04/2024 Puma to launch compostable shoes after a two-year pilot project ( Fashion )
24/04/2024 7-Eleven eyes 100,000 stores globally by 2030 ( General )
24/04/2024 Vietnam tops Southeast Asia in number of Apple suppliers ( Electronics )
24/04/2024 FPT and Nvidia to build $200M AI factory in Vietnam ( Electronics )

Retail Asia20/03/2020

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, […]

CONTINUE READING

Retail Asia16/03/2020

Hong Kong-based jewelry group Chow Tai Fook has closed 40 stores in Hong Kong after experiencing a 60-per-cent drop in retail sales there amidst the coronavirus outbreak. Sales on the mainland fell 42 percent, according to an update on trading for the first two months of this year. “In response to the measures of local […]

CONTINUE READING

Retail Asia20/01/2020

Hong Kong-headquartered Luk Fook group has followed its archrival Chow Tai Fook in revealing plans to shutter stores in the territory’s tourist areas – but it sees growth opportunities in Macau. “The group will reduce the number of shops in areas which are considerably impacted by the social incidents in Hong Kong, and search for […]

CONTINUE READING

Retail Asia16/01/2020

Chow Tai Fook Jewellery Group has revealed plans to shut about one in five of its Hong Kong stores, the majority of them in prime tourist areas. The closures will take effect when leases come up for renewal throughout this year, starting from April according to an emailed statement cited by Bloomberg. The move follows […]

CONTINUE READING

Retail Asia06/12/2019

Hong Kong-listed jeweler Luk Fook sales slumped 19.8 percent in the September half as protests, the trade war, and the Renminbi’s value kept mainland tourists away, and the high gold price muted demand. The company reported sales of HK$6.3 billion (US$804.86 million) and profit attributable to shareholders of $496 million, down by 25.4 percent. Same-store […]

CONTINUE READING

Retail Asia27/11/2019

Tse Sui Luen profits plummeted in the first half as Hong Kong protests took their toll, especially during the September quarter. The company, which operates stores under the TSL banner, has reported a 14 percent year-on-year decline in sales to HK$1.6552 billion ($US211 million) while Tse Sui Luen profits attributable to shareholders fell by 94 […]

CONTINUE READING

Retail Asia30/10/2019

Jeweler Luk Fook Holdings has revealed its September-quarter Hong Kong sales plunged 39 percent, dragging group-wide sales down by 37 percent. Chairman and CEO Wai Sheung Wong said in a stock-exchange filing that the decline was the result of high gold price and a strong comparative quarter last year “together with a substantial decline in […]

CONTINUE READING

Retail Asia11/10/2019

Travel retailer DFS Group is launching its first ‘World of Watches and Jewelry’ event through October, targeting millennial, fashion-minded clientele and first-time watch buyers. The event is described as “a celebration of watches and jewelry” and will be held in five T Galleria by DFS stores globally: Macau, Hawaii, Okinawa, Guam and Saipan. The stores […]

CONTINUE READING

Retail Asia27/08/2019

Jewelry retailer Swarovski has issued a sweeping apology over implying Hong Kong is not part of China, the latest international brand to fall foul of rising nationalistic sentiments on the mainland. The apology followed the resignation of its Chinese brand ambassador Jiang Shuying and follows a string of social-media controversies in recent weeks over fashion […]

CONTINUE READING

Retail Asia27/08/2019

Listed Hong Kong jewelry and Chinese-medicine retailer Larry Jewelry has reported a higher loss as its sales plunged 23.1 percent in the six months to June. Sales in its jewelry business fell by 17.6 percent, largely in the Hong Kong market, however, the group achieved a better profit margin both there and in Singapore. The […]

CONTINUE READING

Retail Asia25/07/2019

British singer Rita Ora has become the new global ambassador of German jewellery and watch brand Thomas Sabo. Known for her creative style and individuality, the singer will be the face of Thomas Sabo worldwide for the next two years. The first collection with Rita Ora will be the Autumn/Winter 2019, to be revealed from […]

CONTINUE READING

Retail Asia22/07/2019

Luk Fook will add at least 150 stores in Mainland China this year as it looks to mitigate falling sales in Hong Kong. Releasing its results for the financial year to March 31, Luk Fook said profit attributable to shareholders rose 9 percent to HK$1.5 billion on sales up 8.8 percent to $15.9 billion. During […]

CONTINUE READING

Retail Asia18/12/2018

U.S. e-commerce giant Ebay announced plans to extend its product authentication program to cover luxury jewelry, in a bid to stem the resale of counterfeit jewels across its global marketplace. Dubbed “EbayAuthenticate”, the luxury jewelry category is the newest addition to Ebay’s new verification platform, which first launched in 2017 with the resale of luxury handbags. Following its success, […]

CONTINUE READING

Retail Asia07/12/2018

These are flush times for Gucci, the 96-year-old house that in recent years has become fashion’s all-conquering luxury brand. And amid booming sales, Alessandro Michele, Gucci’s creative director since 2015, has introduced the brand’s first high-end fine jewelry line, a series of extravagant styles that present the designer’s florid evocations of flea market finds as gem-encrusted […]

CONTINUE READING

Retail Asia27/12/2017

Greek jewelry- and timepiece-maker Folli Follie plans to open 50 new stores in China next year, showing a renewed faith in a market in which its presence has shrunk in recent years. Twenty of the locations will be directly operated by the company, five to seven of which will become its flagship stores in major […]

CONTINUE READING

Retail Asia24/10/2017

Two years after opening its first precious metals store in Asia, on Orchard Road, German company Degussa GoldHandel has decided to close it at the end of the month. Its website carried the surprise one-sentence announcement. When it opened the branch in October 2015 as part of an international expansion strategy, the company said it […]

CONTINUE READING

Retail Asia05/07/2017

WTFSG-singapore-jewellery-gem-fair-2013-marina-bay-sands-fine-jewellery-show.jpg

The Singapore International Jewelry Expo (SIJE) 2017 is back larger than ever. This year SIJE 2017 celebrates the love of jewelry, stunning gemstones that make a statement. Several of the ‘gifts from the heart’ celebrations by the offsprings of well-known jewelers will make their debut at the show. They will present their own creations for […]

CONTINUE READING

Retail Asia28/06/2017

Artisan jeweller John Hardy has opened a second Hong Kong store this month, setting up shop on China’s Pearl River Delta. Located at Gateway Arcade, the Harbour City shopping area on Hong Kong’s Kowloon, the new store covers 391-square feet and joins John Hardy’s debut store at Landmark (Central) on Hong Kong Island. The jeweller is also stocked in multi-brand retailer Lane Crawford, but sees the […]

CONTINUE READING

Retail Asia18/06/2017

Chow Tai Fook Jewellery Group yesterday reported a 3.9 percent rise in profit, buoyed by a sales rebound in the second half of the year as consumer sentiment improved. Executive director Adrian Cheng Chi-kong said Hong Kong’s retail and jewelry industry has already bottomed out. He also expects a single-digit increase in sales in 2018. […]

CONTINUE READING

Retail Asia21/04/2017

Hong Kong-based jeweler Luk Fook Holdings recorded its first quarterly growth for same-store sales in three years, driven by its gem-set jewelry offering and an improvement in Hong Kong. The company reported a 2% rise in overall same-store sales across its 199 self-operated stores during the fiscal fourth quarter, which ended March 31. An 11% […]

CONTINUE READING

About Retail News Asia

Retail News Asia is committed to providing local and global retailers with the latest news from the Asian retail market on a daily basis.

We have resources for everyone from independently owned business owners to online-only retailers and major chains expanding their reach throughout the Asian market. Retail News is “the news source” with over 50 weekly posts and 13,6 million readers.

CALL US ANYTIME

Most read

Retail updates

Stay up to date of the lates updates and retail news from Asia.

X