Demand for gold will remain robust during 2010 as a result of accelerating demand from India and China, as well as increasing global investment demand driven by continuing uncertainty over public debt and economic recovery, the World Gold Council (“WGC”) said.
According to the WGC’s Gold Demand Trends report for Q2 2010, published today, demand for [...]
Americas
INVESTMENT DEMAND WILL CONTINUE TO SUPPORT ROBUST GOLD MARKET DURING 2010
Asia
Jewelry Manufacturer and Retailer LJ International Inc. Opens 110th ENZO Store 9th Store in Tianjin, China
LJ International Inc. (LJI) (JADE 2.95, -0.02, -0.67%) , a leading jewelry manufacturer and retailer, announced that its ENZO retail division has opened its 110th store to date. The newest store is located in the TFF Store, the first and only high-end luxury shopping mall in Tianjin, China.
To date, nine ENZO stores are currently opened [...]
Americas
Bulgari Jewelry Sales Up By Over 10%
The Board of Directors of Bulgari S.p.A. approved the interim management statements for the Bulgari Group for the first half of 2010. The report shows a turnover of 443.3 million Euro, a rise of 8.2% at comparable exchange rates (+11.8% at current exchange rates) compared to the same period of the previous year, an operating [...]
Asia
Jewelry Retailer LJ International Inc. “Rules the Runway” at the June 2010 Hong Kong Jewellery & Gem Fair
LJ International Inc. (LJI) (JADE 2.83, +0.04, +1.43%) recently played a central role in the Hong Kong Jewellery & Gem Fair, which ran from June 24-27, 2010. In addition to vendor displays, the fair’s highlight attraction was a daily jewelry parade, where models wore pieces from a select group of premier sponsors, including LJI.
LJI’s recognition [...]
Asia
Research and Markets: Introducing the 2010 China Jewelry Industry Profile
Research and Markets has announced the addition of the “China Jewelry Industry Profile – CIC4218″ report to their offering.
Through a comparative analysis on the development of jewelry industry in 31 provincial regions and 20 major cities in visualized form of data map, the report provides key data and concise analyses on the jewelry industry [...]
Asia
Kingold Jewelry Q1 2010 Results Highlighted by a 58.9% Increase in Sales and a 126% Increase in Net Income
Kingold Jewelry, Inc., one of the leading manufacturers of 24-carat gold jewelry in China, has announced financial results for the first quarter of 2010, marked by significant gains in net sales, net income, and earnings per share. Net sales increased 58.9% to $60,512,328, compared to $38,060,670 for the three months ended March 31, 2009. Net [...]
Americas
Tiffany & Co. Celebrates The Opening Of A Store At The New IFC Mall In Shanghai
Tiffany & Co., the world-renowned jeweler, celebrated the opening of a store in the rapidly-growing Pudong area of Shanghai. The 3,100-square-foot Tiffany & Co. store is located at the elegant new IFC mall that includes luxury hotels and the 101-story World Finance Center, one the tallest buildings in the world.
“We are very happy to be [...]
China
New Report Finds a Positive Year Ahead for China’s Fashion Jewelry and Watch Industry
China’s fashion jewelry and watch industry has positive projections for the year ahead, even while rising material costs threaten to curb profitability, finds a new China sourcing report on jewelry and watches.
In 2009, overseas sales declined by 2 percent year on year to $2.2 billion Export volume decreased at the same rate to more than [...]
China
Rio Tinto Employees Convicted in China on Charges of Receiving Bribes and Obtaining Commercial Secrets
The Shanghai Number One Intermediate People’s Court has convicted the four Shanghai employees detained on 5 July 2009 on charges of receiving bribes and obtaining commercial secrets.
Rio Tinto is unable to comment on the charge regarding obtaining commercial secrets as it has not had the opportunity to consider the evidence. That part of the trial [...]
China
CIBJO President Discusses Cooperation in Corporate Social Responsibility With Chinese Regional Jewelry Sector
CIBJO President Gaetano Cavalieri has paid an official visit to Southern Chinese city of Guangzhou, where he was a guest of the regional government. In a meeting with senior officials, he discussed cooperation in the area of Corporate Social Responsibility, and in particular the development of CSR education programmes for the Guangzhou’s jewellery sector.
Hosting Dr. [...]
Americas
LJ International Reports Rising Retail Sales, Boosts Outlook for 2009 Fourth Quarter and Fiscal Year
pLJ International Inc. (NASDAQ: JADE), a leading jewelry manufacturer and retailer, today announced a significant increase in revenues at its ENZO retail division, on both an overall and same-store basis, during the fourth quarter ending December 31, 2009. It also announced an upward revision of earlier guidance for the fourth quarter and fiscal year 2009./p
pThe [...]
Africa
U.S Diamond Jewelry Accounts for 55% of Total Jewellery Sales Says New Report
The report ‘Worldwide Jewelery Market Demand and Opportunities’ covers global gems and jewellery industry structure, market size, trends and opportunities prevailing. In terms of geography the report covers the United States, which accounts for the largest percentage of the market, European Union including Romania, Bulgaria and Germany.
The structure of the jewellery industry is global in [...]
