Retail value of Chow Tai Fook Jewellery Group Limited sales fell in mainland China, Hong Kong and Macao, according to the company's report, in which she announced not audited results for the second fiscal quarter ended September 30, 2016.
The share of Tai Fook in Chow various segments of products in these markets amounted to the following values: in the category of jewelry with precious stones - 28% in mainland China and 27% in Hong Kong and Macao; gold products - by 52% in both regions; production of platinum and karat gold - 14% in China and 12% in Hong Kong and Macao; hours - respectively 6% and 7%.
The company reported that the retail cost of sales decreased by 17% in mainland China, and 33% - in Hong Kong and Macau. The company attributes this decline is "high base" of reference created by the sharp growth of gold sales in the same period last year, which was accompanied by a fall in the gold price.
In the report the company also noted that same-store sales showed a decline in value by 22% in China and 30% in Hong Kong and Macau, and in terms they were lower by 32% and 39%.
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North Arrow Minerals Inc. He announced the beginning of the winter program of exploration and drilling in 2016 at the Diamond Project Pico (Pikoo), located in east-central Saskatchewan.
It is expected that due to the drilling of wells with a total depth of 2500 m the company can fully delineate kimberlite sites open in 2013 and 2015, as well as to test new targets identified in the framework of the recent geophysical investigations. It is expected that the program will be implemented before the end of March 2016.
On this project Pico was found in a total of seven separate kimberlite, four of which have been confirmed are diamondiferous. The most significant discovery is by far the kimberlite PK150. With this Kimberlite was extracted a total of 531.1 kg of rock that was processed by alkali melting. As a result, in the sample 1232 diamond larger than 0.106 mm has been found, including 32 of diamond is larger than 0.85 mm.
Exploration Project Pico made a joint venture company North Arrow and Stornoway Diamond Corporation, whose budget for the drilling program for 2016 is $ 1.69 million.
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