According to the company, in mainland China retail sales rose 16%, while same-store sales rose 12% in the three months ended March 31. Also, retail sales in Hong Kong and Macao increased by 1%, while comparable sales increased by 4%. This is the first quarterly sales growth for the last three years in Hong Kong and Macau.
According to the Chow Tai Fook, the sale of gold products increased by 17% in mainland China and 19% in Hong Kong and Macau, while maintaining the overall growth performance. Jewelry retailer benefited from a 3-percent increase in the price of gold and sales of gold products to more high-end and average weight. Jewelry sale of the other precious metals increased by 5% in mainland China, but fell by 17% in Hong Kong and Macau due to lower average selling prices.
In the past year in Hong Kong in the fourth quarter of the financial year, Chow Tai Fook managed to sell a number of expensive items, but this success could not be repeated this year. Also, the company's sales over the Internet rose by 85% in mainland China, helped by its cooperation with existing partner online platforms.
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Preparation for the 37th World Diamond Congress, which will take place in Dubai from 16 to 19 May, and in which every two years are the World Federation meeting of Diamond Bourses (World Federation of Diamond Bourses, WFDB ) and the International Diamond Manufacturers Association (International Diamond Manufacturers Association, IDMA), is in full swing - reported in the press release of the WFDB.
According WFDB President Ernie Blom (Ernie Blom), the key themes of the meeting will be transparency, accountability and sustainability of the industry. These topics will be discussed thirty WFDB presidents and more than two hundred representatives of the global diamond industry, which is expected to come to participate in the congress. Participants of the meeting include representatives of the rough diamond producers, diamond-producing countries, as well as a number of service providers, such as banks and certification laboratory.
"World Diamond Congress is one of the most important events of the world diamond industry - Blom said. - It provides an opportunity for all of the Exchange President to express their views on the major issues that are on the agenda of the diamond industry. We also hear the views of industry participants, working in various segments of the diamond pipeline - from mining companies and government representatives to leading banks and laboratories. "
"Given the difficult conditions faced by the diamond business, this year's meeting will be the more important. We will discuss how to promote a sustainable and long-term growth in the diamond pipeline, at the same time keeping in mind the need to achieve transparency and the highest standards of ethical conduct and corporate social responsibility ", - he stressed.
"We also want to provide broad support for generic marketing of diamonds through the WFDB initiative of the World Diamond brand and build strong ties with the Association of Diamond Manufacturers (Diamond Producers Association), as well as to strengthen the competitive position of the sector of diamond jewelry and expand its share in the consumer goods market luxury. I urge all members of the diamond industry to register to participate in this event, preparations for which we continue. I am sure that it will be interesting, exciting and enjoyable event, which will take place in the Diamond Tower, and hosted by the Dubai Diamond Exchange (Dubai Diamond Exchange) ».
The World Federation of Diamond Bourses includes 30 exchanges. This organization aims to protect the interests of affiliated bourses and their individual members, as well as contributes to the amicable settlement of disputes between its members.
WFDB is involved in the promotion of world trade in diamonds and diamonds and encourages the creation of new diamond exchanges. In 2012, it established the World Diamond brand, which is a non-profit organization, with a view to the development of demand for polished diamonds and to strengthen confidence in them by consumers.
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