Financial News
ALROSA’S JUNE SALES SLUMP AMID “EXCESS DIAMOND STOCK”
Alrosa has reported that its June sales of rough and polished diamonds totaled $222.4 million
17.07.2019
CHOW TAI FOOK EXPANDED IN CHINA – AND SALES WENT UP SHARPLY
The jeweller increased its sales in the fiscal year by 13% to $8.5 billion
Hong Kong based jeweller Chow Tai Fook Group has announced its sales for the fiscal year ending March 31, 2019, showing an increase of 13% to $8.5 billion in sales for the period, according to Rough & Polished. Net profit increased 11% to $597.4 million for the year.
During the period, the group added a net 549 new points of sale in mainland China, totalling to 3,134 as of March 31. Retail sales in mainland China went up 8% to $3.88 billion. Sales revenue in Hong Kong and Macau jumped 12% to $2.94 billion. Same-store sales in mainland China went up 3.4% and 9% in Hong Kong and Macau.
Gold was the company’s strongest seller during the period, with sales of gold jewellery going up 13% to $4.07 billion for the year. Revenue from gem-set jewelry rose 4.5% to $1.55 billion.
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LUK FOOK SELLS MORE DIAMOND AND GOLD JEWELLERY IN FISCAL 2019
Revenues went up 8.8% to approximately $2.04 billion11.07.2019 - Financial News
ALROSA HAS “GOOD RESULTS” IN HK AUCTION DESPITE “CHALLENGING SITUATION”
The miner sold 112 gem-quality rough for a total of $10.3 million08.07.2019 - Financial News
ALROSA BREAKS OWN RECORD WITH 2018 DIVIDENDS
The total dividend for 2018 will amount to about $1.17 billion30.06.2019 - Financial News
DE BEERS SALES CONTINUE TO PLUMMET IN 5TH SALES CYCLE
"A more challenging environment in China and higher than normal polished diamond inventories" to blame27.06.2019 - Financial News
GEMFIELDS RAKES IN $50 MILLION AT RUBIES AUCTION IN SINGAPORE
Gemfields made a total of $512.6 million in the 12 auctions it held since June 201420.06.2019
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DE BEERS SELLS $520 OF ROUGH IN 4TH CYCLE
According to CEO Bruce Cleaver, demand for rough continues to be steady17.05.2017 - Financial News
FANCY PINK DIAMOND SHATTERS AUCTION RECORD AT BONHAMS
A fancy pink diamond weighing 5.03 carats raked in in $583,551 per carat30.09.2018 - Financial News
ALROSA’S NINE MONTHS PROFIT SLASHED BY ALMOST HALF
The slash in profits is due to an appreciation of the ruble and a decrease in diamond prices19.11.2017