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With consumption taking a hit in fraught economic times, safe-haven investments are outshining discretionary diamond purchases in the eyes of many Chinese buyers.
Key Takeaways: Chow Tai Fook’s sales grew 12.4% in the first three months of this year, accelerating from the company’s 6% revenue growth in the six months through September 2023 As China’s largest listed jeweler, Chow Tai Fook could benefit from gold’s recent rise to record high prices By Edith Terry
The Hong Kong Repertory Theatre has announced its 2024-25 Season with the theme “Decoding life's mysteries, probing into the secrets of our true selves”. Learn more about the lineup here!
Gold prices may yet to hit their ceiling as multiple uncertainties fuel risk aversion. International spot gold price once approached the historic mark of US$2,200 per ounce. Domestic retail price of pure gold in China is also rising, approaching RMB 670 per gram. Aakash Doshi, head of North American commodities research at Citibank, said gold prices could soar to $3,000 an ounce in the next 12 to 18 months. The most likely factor leading to this situation is the accelerated de-dollarization of central banks in emerging markets.
Italian fine jeweler Marco Bicego has expanded its international presence with a second location in China, at Grand Gateway 66 Plaza, one of Shanghai's most