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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…
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…
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…
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%…
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…
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…
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…
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…
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…
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…
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…
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.…
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…
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…
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…
At its annual general meeting Saturday, it also announced a revenue target of VND21 trillion, up 20 percent. But Phu Hung Securities Corporation has forecast revenues of VND18.4 trillion and profits of VND1.09 trillion, explaining that the volatility in gold…
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