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Chow Tai Fooki

Founded in 1929 in Guangzhou, Chow Tai Fook is a jewellery retailer with more than 7,000 stores in mainland China, most of them in the affluent top- and second-tier cities. Beyond mainland China, Hong Kong and Macau, the company has stores in Taiwan, South Korea, Japan, the US and across Southeast Asia. The company began as a goldsmith and transformed the gold trade in 1956 when it introduced its so-called 999.9 gold offering an unprecedented level of purity that became a standard that was adopted by the Hong Kong government in 1984.

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  • Chow Tai Fook extols the beauty and power of diamonds taken ‘from Earth to Heart’ in its newest collections, with Lodestar celebrating love that is enduring and constant
  • An innovative prong setting allows for maximum reflection and light, unlocking each stone’s true fire in earrings, rings and pendants – while T Mark guarantees provenance and authenticity

Conroy Cheng, Chow Tai Fook’s vice-chairman and nephew of Henry Cheng, said there was no discord or disputes in the family over succession plans following an interview by the patriarch last week.

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Young consumers in lower-tier cities have shown an increasing penchant for gold and diamonds, and the time is right to set up stores there to tap the burgeoning demand, said managing director Kent Wong Siu-kee.

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Stocks logged another winnkin week as traders waited for stimulus tonic from Beijing. Chow Tai Fook surged by the most in a month after proposing to reward shareholders with special dividends.

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The two biggest additions to the MSCI China All Shares Index rose by at least 2.5 per cent in Thursday trading, creating US$3.05 billion of new wealth for investors.

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Big-name jewellers like Tiffany and the Chow Tai Fook group are bowing to growing demand for sustainable jewellery made using ethically sourced gems and gold.

Chow Tai Fook Jewellery jumped to the highest level in seven years while medical services firm Pharmaron Beijing led gains among Chinese stocks that were added by MSCI to its family of global indices in semi-annual review.

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Initially just a goldsmith, Chow Tai Fook opened its first stores in Hong Kong and Macau before the second world war and now has more than 4,000 worldwide. Along the way the company changed the gold and jewellery industry.

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Jeweller transforms into an omni-channel retailer with a slate of online-to-offline shopping services, and adopts technologies including artificial intelligence and blockchain

China’s largest jewellery retailer said its mainland operations ‘severely suffered’ under the coronavirus, but said ‘we have seen signs of recovery’.

Hong Kong-listed Chow Tai Fook Jewellery Group, the world’s second-largest jewellery retailer by market value, has acquired mainland Chinese retailer Enzo Jewelry for an undisclosed amount, four days after announcing plans to shut a fifth of its shops in Hong Kong.

Chow Tai Fook and Sa Sa International are planning to shut about one-fifth of their stores in protest-hit Hong Kong to focus on growing their mainland China business. The pullback is a ‘damning verdict’ on retail sales outlook in the city.

Hong Kong-listed jewellery chain reports operating profit surged 24.7 per cent to HK$2.989 billion (US$382.09 million) for the six months ended September 30 Unveils plans to further expand in the mainland by opening shops in lower tier cities under franchised model

Backed by the Gemological Institute of America, digital-savvy diamond shoppers can now ascertain the origin and authenticity of stones sold by the Hong Kong jewellery chain using an app

Henry Cheng Kar-shun reassured the public on Thursday that he was still setting the strategy and overall direction at Chow Tai Fook Jewellery. In his first appearance in a year, Cheng, who is the chairman of the jeweller as well as developer New World Development, shrugged off speculation he would retire soon.

Hong Kong jewellery retailers Chow Tai Fook and Chow Sang Sang are being probed along with 11 mainland gold retailers and an industry association over manipulation of gold prices in Shanghai, People's Daily reported on its website yesterday.