Very soon this year, Lao Feng Xiang Co Ltd will open three new stores in Hong Kong, as well as a new branch in Vancouver, Canada. The company also plans to expand the network in the UK and New Zealand, reports chinadaily.com.
In December 2014, Lao Feng Xiang opened a 400 square meter store on Fifth Avenue in New York City.
The company said that the planned revenue of $ 1.6 billion in international stores of this network is quite achievable within five years.
Last year, this large retail chain had 2,800 stores, revenue was $ 5.28 billion in 2013, the company said.
Basically, Lao Feng Xiang Company Limited is engaged in the manufacture and sale of jewelry in both the domestic and international markets.

The Organizing Committee of the Antwerp Diamond Trade Fair (ADTF) reported that this seventh exclusive closed event will be held on January 31 - February 2, 2016.
The exhibition, which took place in 2015, attracted the attention of buyers both from new, young, and from traditional world markets.
Christine Chu, who represented the delegation to the fair by the Gemmological Association of Hong Kong, said the event provided an excellent opportunity to "expand contacts and horizons in the diamond industry." Some members of the delegation reported establishing valuable contacts and ties with diamond suppliers that provide the best level of service and better prices than anywhere else. " She also announced her plans to bring together a larger delegation to the fair in 2016, as it offers many opportunities for buyers from Hong Kong and Continental China.
Members of delegations from Algeria, Lebanon, Saudi Arabia and Turkey also noted their optimism about the possibility of establishing new contacts at this event.
Steven Ickowicz of ID International said that, as usual, he "recognizes the excellent organization of the fair, everyone was very friendly." The interaction was better than in previous years. " He plans to participate in the event in 2016.
ADTF is organized by the Antwerp Diamond Bourse, the Diamond Club of Antwerp and the Antwerpche Diamantkring.

Sotheby's auction for the sale of Magnificent Jewels and Jadeite will be held April 6 in Hong Kong and will be dedicated to white and colored diamonds, iconic vintage and modern jewelry from leading jewelers, as well as jade products.
At the auction, a wide range of rare colorless and colored diamonds will be presented to the public, including an amazing ring with a 77.77 karat fantasy bright yellow diamond, as well as another ring with a 23.15-carat diamond color D, purity IF type IIa from Golconda under the name "Legend of Golconda." In addition, the hammer must go: a set of Burmese rubies of "pigeon blood" from Faidee, an exceptionally rare necklace with three strands of natural pearls, as well as a unique necklace with jade. Also auction lots will be a set of rare ornaments created from the 1930s and up to now from such famous manufacturers as Bulgari, Boucheron, Marina B and others.
Quek Chin Yeow, head of the Asian department at Sotheby's, said: "We are delighted that this spring Sotheby's managed to collect a real kaleidoscope of precious stones from beautiful diamonds, gems and pearls to jade." The auction will feature rubies of a unique scarlet color that attract the most discriminating collectors in Asia and around the world, and connoisseurs of similar products can also expect a significant amount of amazing vintage and modern products from the world's leading jewelers. "
Sotheby's claims that the sales leaders will be diamonds from Golconda, as well as color, especially yellow and pink, diamonds of the highest category, confirmed by the Gemmological Institute of America (GIA), as well as natural gems, pearls, and jade along with a collection of vintage and modern iconic jewelry.

Exports of polished diamonds from India showed an increase of 4.36% in February 2015 to a level of $ 2.3 billion (3 million carats) compared to $ 2.2 billion (3.33 million carats) in February last year, according to data released by the Council on promotion of exports of precious stones and jewelry (Gem & Jewelery Export Promotion Council, GJEPC) of India.
In the period from April 2014 to February 2015, polished exports stood at $ 21.4 billion (31.7 million carats), compared to $ 22.5 billion (33.36 million carats) in the same period last year, a decline of 5%.
Diamond exports showed a decline of 22% to $ 87.7 million (2.26 million carats) in February this year compared to February 2014, when the same figure reached $ 112.6 million (2.74 million carats). Between April 2014 and February 2015, the same figure for diamond exports fell 9.8% to $ 1.2 billion (29.8 million carats), compared to $ 1.4 billion (38.3 million carats) for the same period last year .
Import of diamonds was at the level of $ 1.1 billion (11.37 million carats) in February this year compared with $ 1.4 billion (13.5 million carats) in February 2014, a decline of 23%. Over the period from April last year to February this year, rough imports remained virtually unchanged from the same period last year, a decline of just 0.2% from $ 15.3 billion (151.66 million carats) to $ 15.2 billion (139 , 19 million carats).
Imports of polished diamonds fell 15% to $ 405 million in February 2015 from a level of $ 478 million a year earlier. Over the period from April 2014 to February 2015, it increased by 12% to 6.4 billion from $ 5.7 billion a year earlier.
The decline in polished imports in February this year is due to the steps taken by the Government of India to reduce this figure.

Registration has opened at the annual Las Vegas Antique Jewelry & Watch Show in Las Vegas, where various jewelry will be exhibited from the Renaissance to the present day. The exhibition is scheduled for May 28-31.
The National Jeweler portal informs that at the 19th exhibition there will be traders selling precious stones and diamond jewelry, retro watches, unique brooches and many others, some of the products date back to the 14th century.
Unique jewelry will be presented by such well-known brands as Cartier, Tiffany & Co., David Webb, Harry Winston, Patek Philippe and Van Cleef & Arpels.
"Last year, there was a heightened interest in our sale of antique, hereditary and vintage jewelry, the number of visitors increased by 11% despite stricter registration procedures for participants," said Dan Darby, vice president of Emerald Expositions and the director of exhibitions at US Antique Shows, "We are very pleased to host our event this year." In addition, we expect an increase in attendance at the new exhibition, as new names have been added to the list of already well-known sellers. put new products, which they have not seen before on our show. "

The International Gold, Jewelery and Gem Fair, 2015, in Shenzhen, one of the most important jewelry exhibitions in the country, will be held on April 20-22 this year at the Shenzhen Convention & Exhibition Center (Shenzhen Convention & Exhibition Center) .
As the organizer of the event UBM Asia informs, 13 the fair is one of the most anticipated events of the jewelry sector in South China. For several years, the event has become an ideal platform for gaining access to the rapidly developing Chinese market.
In 2014, this exhibition attracted almost 400 participants from all over the world and 12.8 thousand visitors from 76 countries and regions, according to UBM Asia.
Shenzhen, which employs about 3,600 jewelry companies, is the largest center for the production, processing and sale of jewelry in China.
The organizing committee of the international fair cites figures obtained by the Shenzhen Gold & Jewelry Association and reports that the total volume of processing and sales of jewelry products is $ 16 billion and 22.4 billion, respectively.
The first exhibition organized in 2003 became the main event in the jewelry sector, where buyers can buy and sell jewelry, diamonds, gems, pearls and other jewelry products, and expand their sphere of interaction and get relevant information on this market.

De Beers said that its subsidiary International Institute of Diamond Grading & Research (IIDGR) will present information about the upgraded Diamondview at the GIA Gemfest in Basel.
The company's statement says that the device generates a fluorescent image on the surface of any stone being inspected, providing information about the history of the stone's growth, through which synthetic diamonds can be identified.
The modified Diamondview tool includes an easy-change filter designed to facilitate the user's interpretation of fluorescent images and the detection of synthetics.
IIDGR President Jonathan Kendall said: "This modernization of the DiamondView is the last step in our continued investment in synthetic diamond detection technology and in strengthening consumer confidence," said IIDGR President Jonathan Kendall. diamonds is critical, so we are pleased to present an update for DiamondView and will continue to invest in technology to maintain confidence in diamonds throughout the value chain. "
De Beers also noted that the addition of filtration to the fluorescent image can enhance the specific features of the synthetic stone, which facilitates its detection.

The All India Gem & Jewelery Trade Federation (GJF), representing the interests of jewelry trade, appealed to the Government of India with a request to abolish the mandatory procedure for consumers to provide the Taxpayer Identification Number when buying jewelry worth more than $ 1,595.
At a press conference, representatives of the organization said that such a restriction complicates the purchase of jewelry for 70% of buyers from rural areas of the country, since they do not issue such a document. In substantiating their appeal to the authorities, the representatives of the GJF said that, according to official data, at the moment only 1.4 million taxpayer identification numbers have been issued to residents of the country. This means that 80% of the population is not affected by this system.
Haresh Soni, chairman of the GJF, said: "The need to have a taxpayer identification number will turn thousands of potential buyers away from buying jewelry, especially those people who are engaged in farming and private enterprise in rural India." He added that the government has already taken the necessary precautionary measures in this segment, for example, a tax withheld from buying gold bars for more than $ 3,191 and with purchases of jewelry worth more than $ 7,778.
Bachhraj Bamalwa, chairman of the GJF, added: "The jewelry and precious stones sector does not generate clandestine revenues: more than 80% of the price of jewelry is the materials from which they are made, for example, gold and silver, which are legally imported into the country ".
At the same time, the GJF was informed that although the organization opposed the government's initiative related to the Taxpayer Identification Number, in general, it supports the updated and pragmatic budget draft and the positive changes that it contains.

Forevermark announced a partnership with Diamond Asset Advisors (DAA) under a program exclusively for Forevermark jewelers. IDEX Online News reports that the program will be aimed at introducing innovations in the diamond sector and will increase the value of the brand for small business owners in the US.
The program will allow Forevermark partners to purchase its diamonds on favorable financial terms, according to which the cost of a diamond is paid only after its sale, but can be paid even earlier without penalties.
This means that retailers will be able to quickly replenish their stocks in the period of maximum sales activity, as well as purchase larger diamonds and expand their options without having to pay large amounts in advance.
Forevermark also announced the pilot launch of a simplified e-commerce project, through which retailers will be able to expand their range of designs for jewelry and stone sizes to match the Forevermark product line. Brand said that customers who enter the store through online service, will allow Forevermark retailer to act as a showroom and a source of additional services.
"The dynamics of the acquisition of jewelry has changed," said Forevermark director for operations with the US Charles Stanley (Charles Stanley) in his speech at the forum Forevermark.
"Together we are destroying the stereotype that when buying online, buyers are guided by the price. E-commerce is the next step in our efforts to return profits to independent jewelers, increase the value of the product for customers and preserve the "diamond dream".

India will showcase the latest gemstones and jewelry at the 17th Basel World exhibition, which will be held March 19-26, 2015. This year, as before, the Gem & Jewelery Export Promotion Council (GJEPC) will display the products of leading Indian cutters and jewelers who will present the most interesting precious stones and jewelry from India, created specifically for European market.
On the territory of the "Indian Pavilion" in Basel, buyers will be offered a number of innovative products, with the main emphasis being placed on the best quality that meets international standards. This became possible thanks to leading companies in the sphere of diamond and precious stones cutting, jewelery making and export.
In 2013, exports of Indian gemstones and jewelry to Europe reached an impressive value of $ 4 billion. GJEPC Chairman Vipul Shah said: "Undoubtedly, Europe is the most important trading partner for India." Basel World is the optimal platform for increasing the brand recognition of India and improving interaction with key industry representatives around the world.Every year, thanks to the participation of the Indian pavilion, GJEPC is trying to increase trade with India and consolidate its leading position in the field of jewelry etc. This year we will also demonstrate high standards of craftsmanship and the inexhaustible creative potential of Indian craftsmen, and we will also promote India as the main center for jewelry design. "
This year, the Indian pavilion will feature a number of unique jewelry items from India that have won prizes of the recently awarded best jewelers organized by GJEPC. Representatives of the Council are convinced that this will be a good step for maximum recognition of the works of the best masters and will ensure the further growth of the jewelry industry in the country.