Varvara Dmitrieva: The jewelry industry of Yakutia is distinguished by its creativity, unique cultural code and conservation of traditions

Varvara Dmitrieva, Associate Professor and Head of the Department of Precious Stones and Metals Processing Technologies of the North-Eastern Federal University, told Rough&Polished about the results of the Forum of jewelry Craftsmanship and the prospects...

Yesterday

Valery Budny: There is no strategy and legislation in Russia enabling the full cycle processing of precious raw materials within the country

Valery Budny, Head of the Jewelry Russia program and CEO of the JUNWEX media holding, told Rough&Polished about the results of the meeting and pressing issues in the precious metals and precious stones (PMPS) and the jewelry sectors.

11 april 2024

Paul Zimnisky: Natural diamonds face the risk of eroding their appeal if constantly discounted

New York-based independent diamond and jewellery analyst and consultant Paul Zimnisky told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that the industry should do away with discounts. He said the industry should treat natural diamonds...

01 april 2024

Edahn Golan: Lab-grown diamond prices to continue declining

In an exclusive interview with Rough&Polished's Mathew Nyaungwa, Edahn Golan, proprietor of the eponymous Edahn Golan Diamond Research and Data, predicted that the prices of lab-grown diamonds would continue to decline, especially at the retail and...

25 march 2024

ADPA’s Ellah Muchemwa: G7 restrictions to bring extra costs from diamond mining to retail

The African Diamond Producers Association (ADPA), which has openly registered its disdain for the G7’s rough diamond trade restrictions, is of the opinion that the move will bring extra costs on all stages, from mining to retail. ADPA executive...

18 march 2024

TSL expects to swing to a loss of about $6.39 mn for half year ended September 30

19 october 2023

Hong Kong-based Tse Sui Luen Jewellery (TSL) is expecting to swing to a loss of about $6.39 mn for the six months ended September 30 amid the weakening yuan and interest rate hikes. This is in contrast to the group’s $255612 profit earned in the same period of the previous year.

The company noted that despite the Chinese government’s efforts to boost recovery, it would still take time to stir up demand for luxury products, especially natural diamonds. TSL observed a gradual improvement in overall sales performance in mainland China, primarily due to the rise in 24 karat gold jewellery sales but with lower profit margins.

The company also saw an increase in turnover in Hong Kong, Macau, and Malaysia as visitor arrivals and foot traffic grew. TSL said it will maintain caution amid macroeconomic and geopolitical uncertainties, but will exploit opportunities presented by the post-pandemic era.

Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished