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Demand for jewelry a boost for platinum

Business | Precious metals and gems
2009-11-18

CHINA'S record demand for platinum jewelry is expected to help shore up global demand, an industry report said yesterday. Demand for platinum jewelry in China is forecast to reach 54.5 tons, double that of a...

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Demand for Tiger year gold bars seen strong

Business | Precious metals and gems
2009-11-14

CONSUMERS can buy the "Year of the Tiger" investment-grade gold bars when they hit the counters in December and record high prices may not deter them. China Gold Coin Co, the nationwide wholesaler of the bullion,...

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Wholesale jeweler to double retail outlets

Business | Precious metals and gems
2009-9-30

SHENZHEN Yihua Jewelry is to double its consumer outlets in China by the end of the year as it continues to expand from its dominant position as a wholesaler into the retail sector. Yihua established nearly 70...

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Gold wholesaler dives into retail

Business | Precious metals and gems
2009-9-29

SHENZHEN Yihua Jewelry will double its number of retail outlets in China by the end of 2010 as the major jewelry wholesaler spearheads into retail in the aftermath of the financial crisis. Yihua, China's first...

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Gold campaign for rural areas

Business | Precious metals and gems
2009-9-23

THE World Gold Council is planning what it calls an unprecedented campaign to encourage gold sales in rural China, where higher farm incomes and government stimulus programs are feeding demand. "Rural areas showed...

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Drive to sprinkle gold over rural China

Business | Precious metals and gems
2009-9-22

THE World Gold Council is planning an unprecedented campaign to encourage gold sales in China's rural market, as higher incomes and government stimulus programs push up demand. "Rural areas showed better-than-expected...

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Jeweler plans major mainland expansion

Business | Precious metals and gems
2009-9-19

HONG Kong-based jeweler Chow Sang Sang said it plans to open 25 stores a year on the Chinese mainland in the next few years, with mainland operations becoming the company's biggest profit-maker in 2012. "Our focus...

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Jeweler plans mainland expansion

Business | Precious metals and gems
2009-9-18

HONG Kong jeweler Chow Sang Sang will focus on opening shops on the Chinese mainland, which is expected to overtake Hong Kong as its biggest profits contributor in three years, its group general manager said today. ...

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Gold demand to retain sparkle

Business | Precious metals and gems
2009-9-11

CHINA'S retail gold demand is likely to maintain a stable double-digit growth in the second half of the year even if bullion prices rally above US$1,000 an ounce again, a key industry body said yesterday. First-half...

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Gold unlikely to lose luster

Business | Precious metals and gems
2009-9-10

CHINA'S gold demand is expected to post a stable growth in the second half despite the recent breakthrough price of U$1,000 an ounce, industry veterans said today. Gold prices hit US$1,000 an ounce on Tuesday...

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Gold tries to cash in on poor bourse

Business | Precious metals and gems
2009-9-2

THE Shanghai Gold Exchange has teamed up with the World Gold Council and the Industrial Bank to boost individual gold trading while the stock market struggles. The Fujian Province-based bank is offering a full...

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China's gold demand sparkles in Q2

Business | Precious metals and gems
2009-8-22

THE demand for gold jewelry in China grew in the second quarter, driven mainly by the country's better-than-expected economic growth. The demand rose 4 percent annually to 78.7 tons in the second quarter in China,...

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Christie's to auction pink stone

Business | Precious metals and gems
2009-8-4

A RARE, 5-carat pink diamond will be sold in Hong Kong in December by Christie's, which expects the stone to hover near world record prices, thanks in part to the buying prowess of top Asian jewelry collectors. ...

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China posts double-digit growth in diamond in H1

Business | Precious metals and gems
2009-7-26

CHINA bought more diamond from abroad against the financial crisis effect in the first half of this year, Shanghai diamond trading administration office said today. Between January and June, China's foreign trade...

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De Beers finds diamonds losing their sparkle

Business | Precious metals and gems
2009-7-25

DE Beers, the world's top diamond producer, 45 percent owned by mining group Anglo American Plc, posted a 99 percent fall in first-half net profit and said rough diamond sales slid 57 percent to US$1.4 billion. ...