China’s jewellery retail business maintained its positive momentum from January to May, recording an 8.2 percent year-on-year growth, the National Bureau of Statistics of China revealed. Government data showed that retail sales of gold, silver and jewellery climbed to RMB 128 billion (US$18.79 billion) for the first five months of the year while in May … Read More →
Net profit of New Light Apparels reported to Rs 0.65 crore in the quarter ended March 2017 as against net loss of Rs 0.14 crore during the previous quarter ended March 2016. Sales rose 112.24% to Rs 4.16 crore in the quarter ended March 2017 as against Rs 1.96 crore during the previous quarter ended … Read More →
French luxury group Kering reported a strong first-quarter performance in 2017, with high-end brands including Gucci and Boucheron contributing substantial growth. Consolidated revenues rose 31.2 percent to €3.57 billion (around US$3.89 billion), driven by double-digit growth across all product segments and geographic regions, except Japan, the group announced. Sales from the group’s watches and jewellery … Read More →
Chow Tai Fook Jewellery Group Ltd reported a 4 percent increase in sales in China during the Chinese New Year holidays. Same store sales in the mainland from January 14 to February 3 increased 1 percent while sales of gold products were up 14 percent. “Same store sales of gem-set jewellery in mainland China declined … Read More →
The De Beers Group of Companies said the value of its rough diamond sales for the ninth sales cycle of 2016 reached US$470 million, which the company said conforms to its expectations. The group reported US$494 million in rough diamond sales during the previous cycle. Bruce Cleaver, CEO of the De Beers Group, commented, “Encouragingly, … Read More →
Russian mining giant Alrosa said revenues for the first half of the year reached RUB186.7 billion (about US$2.9 billion), up 42 percent from the same period a year ago on the back of moderate improvements in the diamond market. Earnings before interest, taxes, depreciation and amortization rose 58 percent to RUB111.3 billion (about US$1.7 billion) … Read More →
Hot Diamonds has seen an encouraging start to sell-through of its new brand Anaïs Paris with UK independents. Adryan Cresswell, head of commerce, said: “We dispatched the first Anaïs Paris orders to the UK independents sector at the start of July and are very excited indeed with the early sell-out reports to consumers.” He said … Read More →