Luk Fook reported a 27 per cent slump in its half-year revenue and the closure of 175 of its 3,500-plus retail jewelry stores amid a surge in gold prices and weak consumer demand. Earnings for the six months to 30 September were down to $700m. The Hong Kong-based jewelry chain blamed: “various challenges including macroeconomic […]

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Jewelry stores have shown “encouraging signs” in post-COVID-19 China, according to De Beers. Paul Rowley, its executive vice president of diamond trading, said most retail outlets were now open again, although sales had yet to return to levels before the pandemic. “In China, most stores are now open again with consumers returning and encouraging signs […]

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Standing alongside independent retailers, the Jewelers of America National Convention gathers industry pros to discuss government moves affecting stores. Jewelers of America (JA) is breaking ground with its first National Convention. A trade association dedicated to serving the fine jewelry marketplace, JA is at the forefront of conversations related to responsible business standards. Advocating for […]

The post From the Hill to the Storefront, Jewelers of America Supports Retailers at Their First National Convention, with a Spotlight on Washington D.C. appeared first on The Jewelry Magazine.

Independent jeweller, HJ Richards, has had a successful first week in its closing down sale. After more than 120 years in Burton, the family-run business revealed it will be shutting shop due to difficult trading conditions and health reasons. Local shoppers were quick to turn to social media to share their despair over the news, […]

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Hong Kong-based Chow Tai Fook Jewellery Group Limited has announced the opening of a North American business hub in Boston, Massachusetts, which will be led by Hearts on Fire brand President Caryl Capeci. The company, which has been listed on the main board of the Hong Kong Stock Exchange since December 2011, believes that Chow […]

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Luxury jewellery shop, The Crop, has opened its doors in the North Laine area of Brighton with the support of a five-figure funding package from NatWest. Entrepreneur and jeweller Kerry Huff has used £50,000 of finance from NatWest, alongside a personal investment of more than £150,000 to acquire a 10-year lease for the Sydney Street […]

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As Insignety lands in its first UK stores, we met with sales and marketing manager, Amber Saunders, to find out how the new brand on the block is shaking up the luxury jewellery market. Insignety launched into the UK with a bang, pulling out all the stops to attract trade professionals to its stand at […]

The post FEATURE: How an international brand is changing the way consumers buy bridal Jewellery appeared first on The Jewelry Magazine.

Retail sales across all categories in Hong Kong continued to rise for the ninth consecutive month, with the Census & Statistics Dept of the HK government reporting a 7.5% growth in value and a 6.9% growth in volume terms in November 2017 as compared to the same month a year ago. This is also the […]

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Award-winning jewellery designer Lucy Quartermaine ended 2017 with a launch into Ireland. Following on from an already successful year, which saw Lucy Quartermaine win Professional Jeweller’s British Brand Collections of the Year title, and her sales manager scoop the Sales Person of the Year honour at the NAJ Awards, the British designer also secured an […]

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Global e-commerce events Black Friday and Cyber Monday are predicted to attract over half of British consumers when they get underway on November 24. New research from Barclaycard has found that while 22% of potential shoppers are putting money aside to spend during the digital sale, 58% plan to buy goods during the promotions. The […]

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