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...


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

Luk Fook announces strong jewellery sales amid tourism recovery

01 december 2023

Luk Fook, Hong Kong jewellery retailer, which operates more than 3,000 stores in China and Hong Kong has announced its latest financial report, saying that the company's sales increased substantially amid the recovery of tourism in Asia.

While sales grew by 30 per cent y-o-y for the six months ending 30 September, profit increased by approximately 40 per cent during the same period.

According to the statement, Luk Fook identified the popularity of gold jewellery as crucial to these sales, as well as strong performance from higher-priced products, and attributed it to improvement in sentiment in the retail markets of Hong Kong and Macau, following the full reopening of borders.

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