The China International Jewelry Fair will open on March 16

From March 16 TO 20, China INTERNATIONAL JEWELRY EXHIBITION WILL BE HELD IN China INTERNATIONAL EXHIBITION CENTER (OLD HALL) IN Beijing, CO-SPONSORED BY China JEWELRY & JADE & Jewelry INDUSTRY Association AND China Jewelry & Jade & Jewelry INSPECTION Group. The exhibition will cover an area of more than 30,000 square meters, with more than 1,000 exhibitors.

Consumer prices rose 2.1 percent in January from a year earlier

In January, consumer prices rose 2.1 percent from a year earlier. Prices of consumer goods and services rose 2.8% and 1.0%, respectively.

In terms of consumption categories, the prices of other articles and services, education, culture and entertainment, and transportation and communication increased by 3.1 percent, 2.4 percent and 2.0 percent, respectively; the prices of daily necessities and services, medical care and clothing increased by 1.6 percent, 0.8 percent and 0.5 percent, respectively; and the prices of housing decreased by 0.1 percent.

Jd.com has become Tiffany's first third-party online partner in China

On February 10, the official flagship store of Tiffany (the same below) on JD.com was opened, and JD.com became Tiffany's first third-party online retail partner in China. At the same time, Tiffany has also been selected in the annual new store and new product plan of Jingdong Xiaorubik's Cube, which provides it with a new one-stop, full-link and full-cycle solution.

Mancaron's revenue grew nearly 30% in 2022

Recently, Mancaron released its 2022 performance report. During the reporting period, the company's operating income increased by 28.63% year-on-year to 1.611 billion yuan, the net profit of the parent decreased by 22.83% year-on-year to 54.24 million yuan, and the net assets increased by 6.13% year-on-year to 809 million yuan. The company pointed out that the increase in the proportion of gold jewelry sales, the impact of the epidemic on offline business expansion, and the increase in brand promotion and personnel expenses were the main factors leading to the decline in profits.

Zhou Dasheng push classic store new mode to increase channel coverage

Recently, Zhou Dasheng answered the questions on the operation idea of Zhou Dasheng classic store and the sales prospect of gold products in the investor survey activity.

About the classic store, Zhou Dasheng said that its gold products focus on the ancient gold of the eastern tide culture, and diamond products are consigned to reduce the pressure on franchisees to open stores, so as to better increase the depth of channel coverage.

Regarding the sales prospects of gold products, Zhou Dashheng pointed out that factors such as improving the quality of stores after the three-year epidemic, increasing the gold stores of franchisees, and enhancing the research and development capabilities of gold products to expand the advantages of products will help the company's future gold sales growth.

International Trends

Gubelin launches AI-powered gem Traceability platform

Gubelin Gemlab has launched Gemtigence, an AI-powered platform to identify the origin and treatment of colored gemstones. Using a deep learning architecture, the system leverages data from more than 28,000 gemstones from Gubelin's partner mines and tens of thousands of high-grade gemstone archives that the lab has tested for customers since the 1970s. Currently, Gemtigence has been implemented in its Swiss laboratory, while gemstone testing in Hong Kong, New York and other places is still performed manually.

Kering's jewelry business performed exceptionally well in 2022

In 2022, Kering Group's operating revenue increased by 15% year-on-year to 20.351 billion euros, and net profit increased by 14% year-on-year to 3.614 billion euros. Sales in the "other Brands" segment, where jewellery and watches are located, rose 18 per cent year on year to €3.874 billion, with same-store sales up 16 per cent. Kering said its jewellery business had achieved exceptional growth in 2022: Boucheron continued to perform steadily, Pomelato was well received in Western Europe and Japan, and Qeelin also saw rapid growth.

The US market for cultivating diamond wedding rings is gaining momentum

The average U.S. consumer will spend $5,800 on an engagement ring in 2022, down $200 from the previous year, according to a consumer survey released by wedding-themed website The Knot. Thirty-six percent of consumers chose an engagement ring with a cultivated diamond as the main stone, almost double the proportion from the previous year. Diamonds continue to be one of the most popular gemstones for engagement rings, with the proportion of consumers choosing oval diamonds increasing from 7% in 2017 to 21%, and the proportion of consumers choosing diamonds over 2 carat increased from 12% in 2019 to 23%.

The Swiss watch company's revenue rose 17% in the third quarter

In the three months ended Jan. 29, the Swiss watch company's sales rose 17 percent to $490 million from a year earlier, with European sales up 7 percent to $287 million due to a recovery in tourism and increased tourist spending, and sales in the U.S. rose 36 percent to $203 million due to the addition of five new stores last year. In the first nine months of the fiscal year, the Swiss watch company's sales rose 25 percent from a year earlier to $1.41 billion, and the company said it was maintaining its full-year revenue forecast of $1.8 billion to $1.87 billion.

Weekly trend of raw material prices

Special notes:

1. The data is from Shanghai Gold Exchange;

2, February 17 data is the closing price of the day at 15:45;

3. The prices of gold, silver and platinum correspond to the transaction data of Au99.99, Ag(T+D) and Pt99.95 respectively.

[Related Statement]

* Sources of news related to this article include but are not limited to official websites, announcements and public media platforms of relevant institutions. The information does not represent the views and positions of our company.

* Part of the article pictures are from the Internet, if there is any infringement, please inform us to delete.

The 2022 Jewelry Industry Capital Forum will be opened on March 16.

Quota is limited, want to report as soon as possible!

Wechat scan QR code to sign up