Hong Kong-based jewellery company Luk Fook was forced to close 175 stores in China and Hong Kong as rising gold prices hit revenue and profit, the company said in its first-half financial results for the year ended September 30.
Today
Global central banks reported 60 tons of net gold purchases in October, which is the highest amount recorded year to date, as reported by the World Gold Council (WGC).
06 december 2024
Precious metals market analyst at Commerzbank is bullish on silver prices for 2025, as the metal looks to end the current year in lockstep with gold.
06 december 2024
Lucara Diamonds has so far this year exceeded all production targets at its wholly-owned Karowe Mine in Botswana, according to the company’s chief executive William Lamb.
06 december 2024
Signet Jewelers has reported a decrease in sales in the third quarter of 2025 fiscal year by 3.1% to $1.3 billion year on year.
06 december 2024
By Isabella O'Malley
(fortune.com) - The muted sounds of hammering and sanding drift down to the first floor of Bario Neal, a jewelry store in Philadelphia, where rustic artwork that mimics nature hangs on warmly-lit walls. In the U.S., lab-grown diamond sales jumped 16% in 2023 from 2022, according to Edahn Golan, an industry analyst. They cost a fraction of the stones formed naturally underground.
