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  • April 21, 2014
  • Last updated: 10:01am
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  1. Business - Companies - LOGISTICS

    Diamonds, and gold, are Malca-Amit's best friends

    Posted Apr 18th 2014, 11:34am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Growing demand for diamonds and gold from China and other parts of Asia prompted 50-year-old firm to move its headquarters to Hong Kong Precious cargo Diamonds may be a girl's best friend, but they have also been good to Malca-Amit. For decades, the company has been providing storage and secure transportation for diamonds, gold, jewellery ...

  2. Business - Comment

    Diamonds better than silver for trading contract

    Posted May 07th 2013, 12:00am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Gold & Silver Exchange should heed mainland mothers' needs and offer a sparkling contract Silver doesn't cut it, but diamonds will The Chinese ... diamonds. In fact, the local bourse may want to consider diamond trading because it is now a hot item on wedding shopping lists on the mainland. Despite its name, the 103-year-old exchange has over ...

  3. Business - Commodities

    All that glitters: Diamonds outshine gold for Chinese brides

    Posted Sep 17th 2013, 12:02pm by Reuters

    ... busy of late, as young Chinese, drawn by the allure of diamonds, increasingly choose the sparkling gems over traditional gold baubles to mark their marriage vows. China’s diamond market, now ... well-known “little blue box”. At the centre of the trend are China’s 13 million brides each year, who are increasingly demanding diamonds. “All along, my husband and I always thought that we would ...

  4. Business - Companies

    Tiffany sees China sparkle as diamond demand grows

    Posted Aug 28th 2013, 11:08am by Reuters

    ... Per-share profit beat the average Wall Street estimate by 9 cents, helped by lower pressure from diamond and gold costs. Tiffany said price increases in some categories had not deterred shoppers. ...

  5. Business - Companies - RETAILING

    Watchmakers woo women to boost sluggish sales

    Posted Apr 08th 2014, 01:08am by Reuters

    ... But this one is studded with diamonds and worn by actress Nicole Kidman. Called the Ladymatic, it's the future of the industry. The bulk of the US$50 billion Swiss watch market has for years been ... the resurgence of interest in jewellery that has seen Swatch acquire Harry Winston to provide eager customers with even more precious diamond-studded watches than those modelled by Nicole Kidman. ...

  6. Business - Companies

    Rio Tinto decides to hang on to diamonds business

    Posted Jun 24th 2013, 10:36am by Reuters

    ... Reuters in Sydney and Melbourne Global miner Rio Tinto Ltd has scrapped the planned sale of its diamonds business, valued in its books at US$1.3 billion (HK$10.1 billion), amid a slide ... but has said all along it was not holding a fire sale. “We have valuable, high-quality diamonds businesses that are well positioned to capitalise on the positive market outlook,” Rio Tinto ...

  7. Business - Commodities - INVESTMENT

    Diamonds are trumps as price of gold wobbles

    Posted May 18th 2013, 12:00am by Celine Sun

    ... Celine Sun in Beijing celine.sun@scmp.com Some mainland investors are eschewing gold as a long-term store of value and going for something that is more stable- and wearable Diamonds ... investor like me. I prefer diamonds, which enjoy a more stable return," Tan said. Tan, 33, was introduced to the attractions of buying diamonds in a big way last year when he set off to buy ...

  8. Business - Companies

    BHP sells diamond assets for US$500 million

    Posted Nov 14th 2012, 08:57am by AFP

    ... Agence France-Presse in Sydney The world’s largest miner BHP Billiton on Wednesday said it was exiting the diamond industry, selling its Canadian assets to retailer Harry Winston Diamond Corp. for US$500 million. BHP had an 80 per cent stake in the EKATI diamond mine, which produces more than three million carats of rough diamonds a year. The company said it was offloading ...

  9. Business - Companies - RETAILING

    Chow Tai Fook's golden touch is lost on investors

    Posted Mar 22nd 2014, 01:30am by Jasper Moiseiwitsch

    ... opened a diamond jewellery franchise in Beijing. In 2003, the mainland lifted its restrictions on gold sales, letting foreign jewellery shops deal in the metal for the first time. Chow Tai Fook ...

  10. Business - Commodities - DIAMONDS

    Rio Tinto brings rare pink diamonds to HK as it entices Chinese buyers

    Posted Sep 20th 2012, 02:28pm by AFP

    ... Agence France-Presse in Hong Kong A mining giant is showcasing dozens of the world’s rarest diamonds in Hong Kong, as it seeks to tap into the booming Chinese jewellery market. The 75 pink, red and blue diamonds are being shown at a private exhibition by Anglo-Australian mining firm Rio Tinto, which unearthed a huge 12.76-carat pink diamond in Australia in February -- ...




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