Year of the Rabbit Gold and silver commemorative medallion

 With the theme of "Happy Addition of Flowers", the commemorative medallion set includes six gold medallion and 13 silver medallion.

Pingzhou jade jewelry industry transformation and upgrading support measures officially landed

Recently, "Guicheng Street to promote the transformation and upgrading of jade jewelry industry support measures (trial)" was officially released, through a number of targeted policies to promote industrial transformation and upgrading. In terms of encouraging sunshine jade trading, local compliance sellers will be rewarded with 50% of the local economic contribution generated by the transaction process; In terms of encouraging local enterprises to become bigger and stronger, subsidies will be given to enterprises with annual main business income of more than 3 million yuan according to different income levels, up to 4 million yuan. In addition, the Measures also introduce targeted incentives around supporting new forms of e-commerce, encouraging enterprises/institutions to strengthen design and research, participate in standard formulation, and create independent brands.

Hard luxury retail sales in China's Hong Kong Special Administrative region fell 8.3% in November

Data from the Census and Statistics Department of the Hong Kong Special Administrative Region of China show that in November 2022, the total retail value of the Hong Kong Special Administrative Region of China fell by 4.2% year-on-year to HK $29.46 billion, of which the retail value of jewelry, watches and luxury gifts fell by 8.3% year-on-year to HK $2.81 billion.

From January to November 2022, the total retail value of HKSAR, China decreased by 1.1% year-on-year to HK $316.25 billion, of which the retail value of jewelry, watches and luxury gifts increased by 0.7% year-on-year to HK $35.18 billion.

International Trends

The Natural Diamond Council (NDC) releases its 2023 Natural Diamond Fashion Report

The Natural Diamond Council (NDC), in collaboration with Vogue, has released its 2023 Natural Diamond Style Report. Based on the keen insight and deep insights of fashion and jewelry industry veterans, the report interprets the five trends of natural diamond jewelry design in 2023, highlighting the infinite possibilities of natural diamonds as rare treasures, continuing to lead the fashion trend, and lighting up more bright moments in life.

Prices of 0.3-3 carat finished diamonds generally declined in 2022

Recently, "Rapaport" announced the final "Rapnet" diamond price index for 2022. In December 2022, the price index for 0.3 carat finished diamonds increased by 1.2%, while the price index for 0.5 carat, 1 carat and 3 carat finished diamonds decreased by 0.1%, 1.5% and 1.4%, respectively. For the full year 2022, the price indices for 0.3 carat, 0.5 carat, 1 carat and 3 carat finished diamonds declined by 7.7%, 10.8%, 10.7% and 2.8%, respectively.

The Thailand Gem and Jewelry Fair will be held in late February

February 22-26, Thailand Gem and Jewelry exhibition will be held in Bangkok. The exhibition is only open to the industry and will integrate all kinds of suppliers and service providers in the upstream and downstream of Thailand's jewelry industry with Bangkok as the center to provide one-stop gem and jewelry procurement services.

The agency predicts that the Indian jewelry industry will grow by more than 20% in fiscal 2023

Mumbai-based credit agency 'Crisil Ratings' said recently that it expects India's organised jewellers' revenue to grow by 23-25 per cent year-on-year in the period up to April 30, 2023, due to the re-liberalizing of pent-up demand and the recovery of disposable income of residents.

Israel's exports of finished diamonds continue to decline

Israel's exports of finished diamonds fell 39% yoY to USD 161 million in November 2022, while export volumes fell 19% yoy to 80,661 carats and average prices fell 24% yoy to USD 1,991 / carat. From June to November 2022, Israel's exports of finished diamonds increased year-on-year only in September.

Investment and financing

Fei Meng Diamond intends to initial public offering of shares and listed

A few days ago, Henan Feimeng Diamond Co., Ltd. intends to initial public offering shares and listed, in the Henan Securities Regulatory Bureau submitted the counseling record, counseling agency for CICC. Feimengdiamond is a manufacturer of superhard materials and products integrating R&D, production and service. The main products include polycrystalline resin diamond abrasives, cubic boron nitride abrasives, superhard material micropowder and chemical vapor deposition (CVD) diamond thick film 4 series more than 100 varieties.

Mancaron disclose a prospectus for the issuance of shares to certain subjects

Recently, Mancaron disclosed the Prospectus for the Issuance of Shares to specific objects in 2022 (Declaration Draft). It intends to issue no more than 61.2 million shares to no more than 35 qualified investors, and the total amount of raised funds does not exceed 716 million yuan. It plans to invest in the terminal construction project of "Mancaron@Z concept store" (288 million yuan), the construction project of omni-channel jewelry integration comprehensive platform (340 million yuan) and the brand and creative promotion project of "Mocan" (8788 million yuan). From January to September 2022, Mancaron's main business revenue was 1.078 billion yuan, with a comprehensive gross profit rate of 19.59%.

Weekly trend of raw material prices

Special notes:

1. The data is from Shanghai Gold Exchange;

2. The data of January 6 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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