Image credit: Jason Goh (Pixabay)
(jingdaily.com) - China’s consumer goods inflation measure known as the consumer price index (CPI) went down over March with a 4.3-percent increase. This was a significant drop from its 5.2-percent rise over February, according to a Friday release from the National Bureau of Statistics. As more work in the country has resumed and travel and logistics begin to recover, product prices have started stabilizing, explained Dong Lijuan, a senior analyst at the bureau, in a statement. In the category of apparel, the price of clothing, shoes, and apparel manufacturing costs had little fluctuation from the previous month. However, when compared to the same time last year, the price of clothing and shoes were 0.2 and 0.8 percent lower, and apparel manufacturing costs went up by 2.4 percent, explaining why demand had been sluggish, and production prices were higher than usual.
News
Botswana, De Beers suitor near deal on ownership stakes – report
Botswana and a consortium leading the race to acquire De Beers are close to agreeing on their future ownership stakes, potentially clearing the way for Anglo American to exit the diamond miner, according to Bloomberg.
Yesterday
Petra Diamonds subsidiary ordered to wind up over unpaid tax
Petra Diamonds has confirmed that a winding-up order has been made against its wholly owned indirect subsidiary, Petra Diamonds UK Treasury Limited (PDUK Treasury), following a petition by HM Revenue & Customs.
Yesterday
LVMH’s watches & jewellery division revenue rose 8% in the first nine months of 2026
The Watches & Jewellery division of the French conglomerate LVMH, home to over 75 world-renowned luxury brands, recorded an 8% organic revenue growth during the first nine months of 2026 thanks to strong jewellery demand, despite a challenging economic...
Yesterday
Russian companies to increase investment in PGM exploration by 17% in 2026
In 2026, Russian companies will increase their investment in the exploration of platinum group metals (PGM) by 17%, with the total reaching nearly 2 billion rubles ($23 million), the Russian Ministry of Natural Resources and Environment...
Yesterday
Diamond jewellery sales in India set to increase 15% - 20% on sharp rise in gold prices
Indian diamond jewellery retailers anticipate a 15% - 20% increase in sales during the 2026 festive season, driven primarily by the sharp rise in gold prices which prompts consumers to consider diamond jewellery in more affordable price range...
14 october 2026
