Domestic gold consumption during the Spring Festival and Lantern Festival increased by 18.2 percent year-on-year

China's gold consumption from the Spring Festival to the Lantern Festival increased 18.2% year on year this year, according to the China Gold Association. During the "Golden Week", the Year of the Rabbit zodiac products and bracelet products are popular, and investment products such as gold coins and investment gold bars are also highly favored by consumers.

Bain expects a positive outlook for China's luxury market in 2023

According to a recent report by Bain & Company, the size of China's personal luxury goods market declined by 10% year-on-year in 2022, the first decline in nearly five years. Among them, the jewelry sector fell by 10% - 15%. At the same time, Bain believes that the fundamentals of the Chinese market remain intact, and it expects Chinese luxury consumption to rebound in the first quarter of 2023.

Chaohongji cultivated diamonds will be sold through independent channels

Recently, Chaohongji answered questions on recent sales, gold product layout and cultivating diamond business in investor research activities.

In terms of recent sales, the company said that since the New Year's Day, the sales in all regions of the country have recovered, and the operating data have achieved significant growth both month-on-month and year-on-year.

In terms of gold product layout, the company said that the increase in the proportion of gold products in recent years is mainly due to the improvement of gold technology to enhance the fashion sense of gold jewelry, and the fashion tone of the brand itself will not be changed by the choice of materials.

In terms of cultivating diamond business, the company said that the preparation progress of the "Born to Shine" brand is relatively ideal, and it will be launched online and offline simultaneously in the future. Although the new brand and VENTI are both involved in cultivating diamond products, they have different positioning and will not form a direct competition relationship. Moreover, both brands have independent retail channels, and cultivating diamond products will not appear in the stores of the main brand of "Chahongji".

Chuanghui jewelry first three fiscal quarter to achieve profitability

For the nine months ended December 31, 2022, Chuang Fai Jewellery's operating revenue rose 19.9% year on year to approximately HK $107 million, with profit turning to a profit of HK $2.2 million from a loss of HK $0.7 million in the same period a year earlier. The company said it expects to continue to improve in the future as the pandemic stabilizes and consumer confidence recovers.

Zhou Dasheng gold products hot sales drive sales recovery

Recently, Zhou Dasheng answered questions on sales, store opening expectations and online channel strategies in investor research activities.

In terms of sales, due to the recovery of consumer confidence after the epidemic and the boost of consumer demand during the Spring Festival, the overall growth of brand retail terminals in January was about 20% year-on-year. Gold products become the main force of growth, including wedding demand and daily dress demand is basically the same; Mosaic products overall decline.

In terms of store opening expectations, the company said that with the liberalization of the epidemic control policy and the increase of the confidence of franchisees, the store opening expectation in 2023 is more optimistic.

In terms of online channel layout, the company said that in 2023, the online business positioning focuses on global marketing promotion, and will strengthen online and offline linkage to improve brand reputation while drainage and transformation.

China Gold established a diamond promotion division

Recently, China Gold announced that it will formally establish the Cultivation diamond (new material) Promotion business Unit. The company will incubate cultivation diamond and new material research and development projects as a new growth point under the premise of controllable risk and maintaining traditional business development.

The value of hard luxury retail sales in China's Hong Kong Special Administrative Region increased by 0.3% in 2022

According to estimates from the Census and Statistics Department of the Hong Kong SAR Government, the total retail sales value of the Hong Kong SAR increased by 1.1% year-on-year to HK $33.66 billion in December 2022, of which the retail value of jewelry, watches and luxury gifts decreased by 3.0% year-on-year to HK $3.71 billion.

For the full year of 2022, the total value of retail sales in the HKSAR fell 0.9% year-on-year to HK $349.93 billion, of which the retail value of jewelry, watches and luxury gifts increased 0.3% year-on-year to HK $38.89 billion.

International Trends

Global gold demand rose 18% year on year in 2022

Total global gold demand rose 18% year on year to 4,741 tons in 2022, with total demand for bars and coins up 2% to 1,217 tons and jewelry down 3% to 2,086 tons, according to the World Gold Council, with central banks buying 1,136 tons of gold.

On the supply side, total annual global gold supply rose 2% to 4,755 tonnes in 2022, with gold mine production reaching 3,612 tonnes, a four-year high.

In January, the price of large-grain finished diamonds generally fell

The price index for 0.3 carat finished diamonds rose 3.1 per cent in January, while the price index for 0.5 carat, 1 carat and 3 carat finished diamonds fell 0.2 per cent, 0.9 per cent and 0.3 per cent respectively, according to Rapaport.

In the 12 months ended Feb. 1, the price index for 0.3 carat, 0.5 carat, 1 carat and 3 carat finished diamonds fell 5.7 per cent, 13.8 per cent, 17.3 per cent and 9.5 per cent respectively.

Colored diamond prices are generally on the rise in 2022

Data from the color Diamond Fund Research Association show that in the fourth quarter of 2022, the color diamond price index rose 1% from the previous quarter, with yellow diamonds up 1.5%, pink diamonds up 0.8% and blue diamonds up 0.4%.

For the full year 2022, the price index for colored diamonds rose 3.9%, with yellow diamonds up 4.9%, pink diamonds up 3.9% and blue diamonds up 1.8%.

Malabar, an Indian jeweller, accelerates its global expansion

Following the opening of three jewellery stores in the US, Indian jeweller Malabar Gold&Diamonds has announced further international expansion with plans to open jewellery stores in seven countries, including the UK, Bangladesh, Australia, Canada, Egypt, Turkey and South Africa. Malabar has 300 stores in ten countries, including India, the United Arab Emirates and America.

Pandora's sales rose 13% in 2022

Pandora sales rose 9% yoY to DKR9.86 billion in the three months ended December 31, 2022, thanks to higher product prices and a good performance from its cultivated diamond line. For the full year 2022, Pandora's sales rose 13% yoy to DKK 26.46 billion, while net profit rose 21% yoY to DKK 5.03 billion.

Tiffany has teamed up with Nike to launch shoes and accessories

Recently, Tiffany (Tiffany) announced that it will release Nike (Nike x Tiffany & Co. Air Force 1 1837) joint shoes and this as inspiration Tiffany (Tiffany) limited edition sterling silver accessories series on March 7.

Investment and financing

Sichuan Gold was approved by the CSRC for initial public offering (IPO)

On February 9, the CSRC announced the approval of Sichuan Gold's public offering of no more than 60 million shares. According to the prospectus, Sichuan Gold is an enterprise focused on the development and comprehensive utilization of gold resources for a long time, mainly engaged in gold mining and sales, the main products are gold concentrate and alloy gold, with the Sologou gold mining rights and Thoreau - gold mining ditch detailed investigation gold exploration rights. As of March 31, 2016, the gold metal reserves within the mining license of the Sologou Gold Mine Area were 44,862 kg.

Weekly trend of raw material prices

Special notes:

1. The data is from Shanghai Gold Exchange;

2. The data on February 10 is the closing price at 15:30 on that day.

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

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