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Hong Kong jeweller Luk Fook Holdings (International) Ltd reported a 27.9 percent increase in net profit for the six months ended September 30, on the back of positive market sentiment and lower gold prices.
An exceptional 29.53-carat D-colour Type IIA IF diamond ring was the star of Tiancheng International’s Jewellery and Jadeite Autumn Auction 2018 in Hong Kong, selling for HK$27 million (around US$3.46 million).
More than 53 million Americans are planning to purchase a diamond between Thanksgiving and Valentine’s Day, results of a new survey published by the Diamond Producers Association (DPA) and KRC Research revealed.
Men’s jewellery, in recent years, has gone beyond rings and cufflinks, with more men warming to the notion of wearing bracelets and necklaces. The lines between formal and casual jewellery are blurring too as traditional items adopt modern designs and rugged styles polish their edges.
Chow Tai Fook Jewellery Group Ltd reported an 8.8 percent rise in profit for the six months ended September 30 on the back of stronger cosumer demand and an increase in mainland tourist arrivals in Hong Kong.
Weddings are big business for the jewellery trade, with the bridal segment proving pivotal for many brands, retailers and manufacturers. Traditional engagement and wedding rings headline the product segment, but modern relationships and changing consumer preferences offer new opportunities for growth.