Wei ZhangFashion
Richemont Anchors Asian Network Through Dual Hubs in Hong Kong and Tokyo
The Swiss luxury group generates 77 per cent of its 22 billion euro revenue through direct retail across a global network of 2,369 monobrand boutiques.
Tag
jewelry
Every story tagged jewelry on RetailNews Asia: reporting, analysis and market signals from across Asian retail and e-commerce.
Stories tagged jewelry
58 stories in this topic
Sarah ChenGeneral
Thai Gem and Jewelry Industry Shines in China: New Deal to Skyrocket Exports
The Gem and Jewellery Institute of Thailand (GIT) has formalized a strategic partnership with two prominent Shanghai-based firms with the aim of bolstering Thai gem and jewellery enterprises’ market penetration in China. The collaborations have been…
Minjun ParkFashion
Pandora Jewelry’s Strategic Expansion: New Regional HQ and Factory to Accelerate Asian Market Growth
Pandora, recognized as the world’s leading jewelry brand in terms of sales volume, has announced its plan to establish a fresh regional headquarters in Singapore. The move forms part of a broader growth strategy designed to strengthen the company’s footprint…
Aiko TanakaFashion
Vietnamese Jewelry Store Fined For Selling Counterfeit Chanel Items Amidst Gold Price Surge
In central Vietnam, a gold and jewelry store has been hit with a substantial fine of VND55 million (US$2,088.08) and has been instructed to obliterate its existing stock for engaging in the sale of falsified Chanel brand jewelry. Counterfeit Jewelry Seized…
Rajiv MenonFashion
Lovisa Reports Record Sales And Profit Growth Amid Accelerated Global Expansion
Lovisa, the popular jewelry chain, reported significant growth in its sales and profit in the past fiscal year, alongside an accelerated expansion program. Revenue and Sales Growth Lovisa’s revenue for the fiscal year, ending June 29, experienced a 14.2%…
Aiko TanakaFashion
Pandora and Amazon Join Forces to Dismantle Major Counterfeit Jewelry Network in China
Pandora has made significant strides in the battle against counterfeit jewelry, successfully collaborating with Amazon to dismantle a sprawling network of fake products across Europe. This initiative culminated in a criminal conviction in China, marking a…
Aiko TanakaFashion
Luk Fook’s retail revenue falls in third quarter
Luk Fook posted lower retail revenue in the fiscal third quarter as high gold prices continued to weaken consumer sentiment. The group’s retail revenue fell 9 percent as Hong Kong and Macau plunged 20 percent and Mainland China soared 27 percent. Overall…
Aiko TanakaFashion
French jeweller Fred opens first store in Malaysia
French luxury jeweller Fred has opened its first outlet in Malaysia, selling its latest Pretty Woman necklaces. The store, located on the ground floor of Seibu The Exchange TRX, features a futuristic design with wide glass windows. The store is gold and white…
Rajiv MenonGeneral
Why are Moissanite Stackable Bands the Best Choice for Gifting Your Friend?
You can dress up an outfit easily if you have a collection that works well for formal and informal settings. That is what jewelry made of moissanite gives. Because of their versatility and everlasting beauty, moissanite jewels are indispensable accessories…
Sarah ChenFashion
Danish jewelry maker Pandora to build $163M crafting facility in Vietnam
Denmark’s Pandora will start work on a jewelry crafting facility in Vietnam in the first quarter next year at a cost of US$163 million. The facility, in the southern industrial hub of Binh Duong, is scheduled to become operational in 2026, Michael Zinck…
Rajiv MenonGeneral
Vietnam consumes 50 tons of gold annually
Vietnam consumes nearly 50 tons of gold jewelry each year, with 80% absorbed by HCMC, according to the Saigon Jewelry Association (SJA). The country imported more than 1,000 tons of gold in the 1991-2012 period. Businesses have not been allowed to import raw…
Aiko TanakaFashion
Pandora plans $100-mln jewelry plant in Vietnam
Pandora, the world’s largest jewelry company by sales, will set up a US$100-million production facility in Vietnam. To be situated in the Vietnam-Singapore Industrial Park 3 in Binh Duong Province, it will be built to LEED Gold green building standards and…
Rajiv MenonFashion
FLC launches jewelry brand
Conglomerate FLC on Wednesday entered the jewelry industry with the new brand FJC, establishing its first store in Hanoi. Located at Bamboo Airways Tower in Cau Giay District, FJC’s first store sells 24-karat gold, jewelry, diamond and fengshui accessories.…
Maria SantosFashion
Pandora has no plans to join platforms like Amazon or Farfetch
Jewelry maker Pandora would prefer to invest in physical stores or its own online sales platform rather than join large e-commerce marketplaces like Amazon or Farfetch, its chief executive said on Wednesday. “If you’re a small and unknown brand, marketplaces…
Minjun ParkFashion
Hiersun Group unveils stunning 3D store design
Hiersun Group’s jewelry label, I Do, has unveiled the ‘Peaceful Elephant’ I Do Artist store in Wuhan, China, created by AntiStatics Architecture in collaboration with artist Yue Min Jun. Located on the Han-river shopping street, I Do Wuhan stands out from its…
Minjun ParkGeneral
Global luxury sales could return to pre-Covid levels this year, Bain says
The luxury goods sector could shrug off the hit from the coronavirus crisis as early as this year as Chinese and US shoppers help sales recover to pre-pandemic levels, consultancy Bain said on Monday. Bain now sees a 30 percent probability that sales of…