‘Pink Star’ diamond fetches over US$83m at auction

A model poses with the 'Pink Star' diamond at Sotheby's auction house. Photo: Reuters

An enormous diamond known as ‘The Pink Star’ sold for more than US$83 million at auction on Wednesday night, far exceeding its expected price.

Thursday, 14 November, 2013, 5:30pm

Hong Kong retail sales climb 21pc as gold falls

Jewellers expect the gold craze, which helped boost overall retail sales by 21 per cent last month, to taper off. Photo: Sam Tsang

Plummeting gold prices brought the city an additional HK$4.45 billion in retail sales last month as consumers took advantage of the slump to snap up jewellery and watches, although jewellers expect the gold craze will now taper off.

31 May 2013 - 5:44am

Jewellers say no to high rents forprime shop sites

Jewellery retailer Chow Tai Fook recently leased a 4,500 square foot street-level shop in Yee Wo Street, Causeway Bay, for HK$2 million a month.

Retailers selling luxury watches and jewellery are rejecting the idea of paying big premiums for prime street-front shops, as mainland shoppers spend less on expensive gifts.

31 May 2013 - 4:41am

Musician turned jewellery designer Anna Hu creates pitch-perfect pieces

Anna Wu. Photo: SCMP

Anna Hu made history last year when she became the first Asian jeweller to be featured in a solo exhibition at the Louvre's Museum of Decorative Arts in Paris.

24 May 2013 - 1:12pm

Gold price seen as still high despite big fall

After the gold rush... shelves in a Causeway Bay shop are half empty after a rush of buying from mainland tourists seeking bargains after a sharp selloff in the precious metal. Photo: SCMP

While falling gold prices have sent a flood of Chinese housewives to Causeway Bay jewellery shops to hunt for bargains, Singapore's top investment official has warned that the precious metal still looks overpriced.

22 May 2013 - 4:36am 2 comments

Chinese mothers beat Wall Street to force gold price rebound

Gold prices are rising again as Asian mothers take advantage of the recent weakness in the price to buy jewellery. Photo: David Wong

Taking advantage of the steepest drop in three decades, Chinese mothers have shored up prices by splashing out on gold for their daughters' weddings in the past couple of weeks, foiling the plan of finance gurus who have been short selling the precious metal in the hope of pushing it lower.

3 May 2013 - 8:48am 4 comments

Rocks on a roll

Chinese demand has grown to make the country the world's second-largest buyer of diamonds, surpassing Japan in 2011. Photo: Bloomberg

China's burgeoning middle class is buying diamonds so quickly that the price of mass-market stones is rising faster around the world than for top-quality jewels affordable only to the super-rich.

3 May 2013 - 4:22am

Jewellery queen shines in crisis

Annie Yau says TSL is marketing itself as a trendy brand with tie-ups with fashion designer Vivienne Tam. Photo: SCMP

Annie Yau took over the helm of her family’s jewellery empire in testing circumstances five years ago after her husband and father-in-law were both jailed for paying illegal kickbacks to travel agents to take tourists to their showrooms.

13 Apr 2013 - 5:23am

Bali is my muse says jewellery designer Guy Bedarida

Guy Bedarida, chief designer for John Hardy. Photo: Jonathan Wong

Guy Bedarida's business card says a lot about him. It also speaks volumes about the direction of John Hardy, the jewellery brand for which he is creative director and head designer.

22 Mar 2013 - 10:03am

Outsized jewels attract biggest stars at Bulgari's Hong Kong anniversary bash

Bulgari's Francesco Trapani joins film stars Michelle Reis and Cha Seoung-won at the event. Photo: SCMP

How time flies. Central's Bulgari flagship store celebrated its 10-year anniversary on Thursday night with cocktails, canapés, a black tie dinner, and a raucous party afterwards at the Hong Kong Maritime Museum.

21 Jan 2013 - 5:05am

Chow Tai Fook Jewellery expects mainland market to remain weak

Chow Tai Fook expects weak sales on mainland

Chow Tai Fook Jewellery, the world's largest jewellery retailer, expects the mainland market to remain weak in the next few months after it reported an 8 per cent slump in same-store sales for the past quarter.

11 Jan 2013 - 3:56am

Ousted Tunisian president Zine El Abidine Ben Ali and legacy of bling

Illustration: Craig Stephens

On a crisp December morning in Tunis, a finance ministry official named Mohamed Hamaied was demonstrating the horsepower of maroon BMW V12 on the runway of a national guard airfield.

Beside him sat an agent for a potential buyer.

"You know, this is the same runway that Ben Ali fled from," said another passenger, automotive expert Mourad Bouzidi, from the back seat.

30 Dec 2012 - 6:54am

PPR buys majority stake in jeweller Qeelin

Top luxury groups, apart from opening new stores in China, are acquiring promising local brands as a way to expand in the world's second-largest luxury market.

11 Dec 2012 - 2:55am

Mainland man who allegedly stole HK$17m worth of jewellery arrested

Police take John Yan to his Hung Hom office. Photo: SCMP

A mainland jewellery trader was arrested on Wednesday night as he tried to cross the border after allegedly borrowing HK$17 million in valuables from fellow traders in Hong Kong.

John Yan, 30, was arrested at Lok Ma Chau after more than 30 traders told police he had not returned goods or money from jewellery he borrowed for an international exhibition last week.

7 Dec 2012 - 3:26am

Chow Tai Fook Jewellery shares fall after profit warning

Chow Tai Fook has suffered losses from its gold hedging. Photo: AFP

Shares in Chow Tai Fook Jewellery fell yesterday as alarmed investors shed their holdings after a profit warning, which came within a year of its listing.

10 Nov 2012 - 5:24am