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 →

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 →

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