Stanley T K Wong’s Post

For those of you not familiar with the jewellery retail market in Hong Kong, TSL is one of several 3-letter named retailers. Of course, Chow Tai Fook, Chow Sang Sang are the more famous ones especially in recent years. Other retailers with decidedly very traditional Chinese brandings are King Fook, Luk Fook, Man Fook. Fook is the Chinese word for prosperity or being blessed. I have always wondered whether these brands would be able to attract younger customers who would normally shop at apparel stores such as Zara, H&M and other global brands. To be clear, CTF and CSS are alive and well. CTF owns Hearts on Fire which underwent a revamp as did its parent CTF. CSS should be given credit for launching an LGD market-place under The Future Rocks but it is avoiding any cannibalization of its core business. This report about TSL is worrying. Interestingly, no major Hong Kong based retailer is offering LGD. Hong Kong remains a strong-hold for natural diamonds. Maybe a pivot to LGD can work wonders for TSL. What does it have to lose ? The future looks pretty bleak if it maintains status quo.

Challenges: Securing bank credit remains a challenge for the industry, especially for smaller independent jewelers. The industry faced challenges by jewellery business tycoons scams, impacting bank credit availability. Nonetheless, debt protection metrics are expected to remain comfortable, supported by steady earnings from operations and planned store expansions. In summary, India’s gold jewelry retail market has witnessed significant growth, driven by organized retailers and favorable gold price trends. While challenges persist, the industry remains resilient and adaptable. #retail #jewellry

Kozhikode-based jewellery retailer Malabar Gold & Diamonds is extending its partnership with Brink’s Inc., a solution provider of cash and valuables management, digital retail solutions, and ATM managed services. Click on the link below to know more... Malabar Group I Brink’s Inc I Mark Eubanks #brinks #malabargold #solutionprovider #partnership #jewellerybrand #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailindia #retailsectornews #retailtrends #retailbusiness #ir #IndiaRetailing

The decline in LGD wholesale prices took place with such speed and magnitude that caught many by surprise. For good reasons,Edahn Golan has been expressing his concern. I share that concern. However, more importantly Edahn’s call for the LGD category to create its own story remains largely unheeded. If you take away the green claims from most websites or brick and mortar selling LGD, they are me too same same. The same images. Of course in the U.S. most retailers sell both naturals and LGD side by side. Also with good margins retailers are not too worried about the urgency to find new marketing messages for LGD. They remain in their comfort zone. Clearly there is a need to create LGD jewellery designs. Not just sticking bigger LGD in what were natural designs. There needs to be more. Edahn talks about 3 models. This is an oversimplification. There will be new product categories. There was talk of LGD as paint. There was talk to create art. Stop the fixation with the price of LGD. I was told that the USD 99 was a marketing gimmick. The quality was poor. I was not at JCK but this is what I was told. Edahn also seems to be suggesting that LGD may follow the footstep of De beers which is forming a pricing cartel of sorts. Let’s free market forces do its thing.

Tanishq cut its teeth in the jewellery world the hard way, weathered tough losses in its early years, wrote the book on gold retail strategy, and made a splash across the country. Now, though, regional rivals like Kalyan Jewellers and Malabar Gold, following Tanishq’s lead are bringing in some serious competition. Here goes Aakriti Bhalla's story for The Ken. https://lnkd.in/djt9ZWKM

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𝐏𝐞𝐫𝐜𝐞𝐩𝐭𝐢𝐨𝐧𝐬 𝐨𝐟 𝐢𝐧𝐜𝐨𝐦𝐞 𝐢𝐧𝐞𝐪𝐮𝐚𝐥𝐢𝐭𝐲 𝐝𝐫𝐢𝐯𝐞 𝐩𝐞𝐨𝐩𝐥𝐞 𝐭𝐨 𝐛𝐮𝐲 𝐜𝐨𝐮𝐧𝐭𝐞𝐫𝐟𝐞𝐢𝐭 𝐠𝐨𝐨𝐝𝐬 Fake goods are not always cheap status symbols. Rather, they are a means of rejecting the exclusive markets and companies that service them. This is according to a study led by the City University of London, which has found that perceptions of income inequality drive consumers’ interest in counterfeit luxury goods. To find out more about this fascinating trend, read the full article on our website: https://uxi.re/bqN_7 #AMC #News #Marketing #Business #Luxury #Rolex

#MarketsWithBS | Domestic brokerage Motilal Oswal analysts are optimistic about the jewellery sector, prompting them to initiate coverage on #KalyanJewellers and #SencoGold. Read the details here https://mybs.in/2dWecxU Tanmay Tiwary #jewellery #markets

Many thanks to Jake Garner for reposting the latest data from Edahn Golan. I am a bit confused but based on the presentation that was made by Edahn’s partner at the AGS enclave I got the impression that while demand for LGD may have slowed there is no data saying these natural diamonds are re-gaining lost market share. Perhaps Edahn Golan or Chris Casey can clarify what the numbers are showing. There is no disagreement that LGD prices continue to decline at the wholesale level but from anecdotal comments from retailers offering LGD, the margin is still good. Not surprisingly the anti-LGD contingent is sounding the death knoll for LGD but the early death of LGD may be over exaggerated. I believe that LGD constitute only about 10 % of Signets turnover whereas some independents have LGD make up over 50 percent of their turnover. I agree that LGD may not be growing as fast but I am not sure the bridal business is going back to natural - yet. It may happen. LGD domestic demand is very brisk in India from my sources. China may be slowing down on gold very recently but it is not buying naturals or LGD. Edahn Golan I am aware of your pessimism on where LGD is heading and I don’t disagree but can you share what the Tenoris data is showing ? Should we get a funeral home and find a Church to bury LGD ?

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