skip to main content
the israel diamond industry logo

Chow Tai Fook Opens 624 New Outlets in Mainland China

Chow Tai Fook has also reported that its earnings surged 79%
Chow Tai Fook store in Hong Kong
Credit: Iris Hortman

Chow Tai Fook, China’s biggest jeweler by market value, has opened 624 new outlets in the first six months of 2021 – “in line with a pledge to expand to 7,000 points of sale by 2025,” IDEX Online reports.

 

Chow Tai Fook jewellery shop Hong Kong
Credit: Iris Hortman

 

Chow Tai Fook has also reported that its earnings surged 79% to $5.67 billion in the same period (ended September 30). Gross profit rose almost 33% to $1.39 billion.

 

chow tai fook jewelry store
Credit: Chow Tai Fook

 

In its FY2022 Interim Results, the company said: “Although our business was surrounded by the uncertainties in the macro-environment, the group witnessed a promising revenue growth in 1HFY2022, boosted by resilient demand for gold jewellery and products and our rapid retail network expansion by using franchise model in Mainland China.”



Tags: Diamonds News, Jewelry News, Diamond Prices News, Diamond Jewelry News

More News