Jewelry wins stars for you, diamond smuggling man arrested and jailed, 520 confession jewelry new products... | News Insider
01
In the first quarter of 2022, the total retail sales of gold, silver and jewelry increased by 7.6% year-on-year
According to the National Bureau of Statistics, in March, the total retail sales of consumer goods was 342.33 billion yuan, a year-on-year decrease of 3.5%; in the first quarter, the total retail sales of consumer goods was 1086.59 billion yuan, a year-on-year increase of 3.3%.
In the first quarter, the national online retail sales was 301.20 billion yuan, a year-on-year increase of 6.6%. Among them, the online retail sales of physical goods was 252.57 billion yuan, an increase of 8.8%, accounting for 23.2% of the total retail sales of consumer goods.
Due to the high base effect in the same period last year and the impact of the epidemic since March, the total retail sales of gold, silver and jewelry by units above the designated size in March was 20.5 billion yuan, a year-on-year decrease of 17.9%; the total retail sales of gold, silver and jewelry by units above the designated size in the first quarter was 82.8 billion yuan, a year-on-year increase of 7.6%.
02
China Gold's annual report is released, with revenue and net profit increasing by more than 50%
The company recently released its 2021 annual report. During the reporting period, operating income increased by 50.23% year-on-year to 50.758 billion yuan, and net profit attributable to shareholders of listed companies increased by 58.84% year-on-year to 794 million yuan.
In terms of products, revenue from gold products increased by 50.68% year-on-year to 50.072 billion yuan, and gross profit margin decreased by 1.07 percentage points year-on-year to 2.52%; revenue from K gold jewelry increased by 18.78% year-on-year to 427 million yuan, and gross profit margin decreased by 11.28 percentage points year-on-year to 15.75%.
In terms of e-commerce channels, online gold jewelry product revenue increased by 99.86% year-on-year to 4.833 billion yuan, and gross profit margin decreased by 0.32 percentage points year-on-year to 2.59%.
03
Luk Fook Jewellery released first quarter retail data, self-operated stores in mainland China performed well
Recently, the company released its retail situation as of March 31, 2022. Overall same-store sales fell 8% year-on-year, of which gold products fell 6% year-on-year and fixed-price jewelry fell 13% year-on-year.
In the mainland China market, the total retail value of self-operated stores and franchise stores increased by 3% year-on-year, of which gold products increased by 6% year-on-year and fixed-price jewelry decreased by 1% year-on-year; online channel sales increased by 50% year-on-year, with gold products and fixed-price jewelry increasing by 55% and 34% respectively.
By the end of the first quarter, the company had 2,736 stores in the Chinese mainland market, a net increase of 52 from the previous quarter. Among them, there were 2,646 "Luk Fook" stores, a net increase of 50 from the beginning of the period. The total number of stores worldwide increased by 52 from the previous quarter to 2,809.
04
Mankalong's revenue increased by 54.9% in 2021
On the evening of April 21, Mankalong Jewelry Co., Ltd. (300945.SZ) released its first annual report since its listing, achieving a substantial increase in operating performance.
During the reporting period, Mankalong achieved revenue of 1.253 billion yuan, a year-on-year increase of 54.9%; and achieved a net profit attributable to the parent company of 70.2879 million yuan, a year-on-year increase of 10.43%.
The company's total assets reached 850 million yuan, a year-on-year increase of 40.15%; basic earnings per share was 0.36 yuan/share, and ROE (weighted) was 9.99%. While maintaining stable development, the company focuses on shareholder feedback and plans to pay a cash dividend of 1.05 yuan per 10 shares to shareholders.
05
India's annual gem and jewelry exports increased by 54% year-on-year
In the fiscal year ending March 31, 2022, India's gem and jewelry exports increased by 54% year-on-year to US$39.15 billion. Among them, cut diamond exports increased by 48.8% year-on-year to US$24.24 billion, gold jewelry exports increased by 84.6% year-on-year to US$9.13 billion, and inlaid gold jewelry exports increased by 93.3% year-on-year to US$5.35 billion.
06
Trans Atlantic rough diamond tender sees significant decline in transaction volume
At its April auction, Trans Atlantic Gem Sales offered $35 million worth of South African rough diamonds, but only sold about $20 million. Many lots were withdrawn after failing to reach the required prices, with smaller carat and relatively poorer quality products seeing relatively large price drops.
TAGS noted that starting in early March, market demand for rough diamonds dropped significantly due to the volatile geopolitical situation. This comes after the company set a record of $75 million at its last auction, which ended on March 2. TAGS believes that the price of rough diamonds will gradually stabilize and return to the level at the end of 2021 in the future.
07
A man in Shanghai was sentenced to three years in prison and fined 1.1 million yuan for smuggling 352 diamonds and evading 1.8 million yuan in taxes
After conspiring with others, Dai, a 35-year-old Shanghai man, entrusted a "smuggler" to bring the purchased diamonds into the country without declaring them to the customs during the overseas purchase process. In one and a half years, he smuggled a total of 352 diamonds and evaded 1.8 million yuan in taxes...
In March this year, Dai was sentenced to three years in prison, suspended for three years, and fined 1.1 million yuan by the Shanghai No. 3 Intermediate People's Court. The smuggling case was recorded on the China Judgments Online website.
08
Chow Tai Fook donated 120 million yuan to establish the "Cheng Kar-shun Champion Training Fund"
On April 16, the donation ceremony of the "Cheng Kar-Shun Champion Training Fund" of the Beijing Sport University Education Foundation was held in a combination of online and offline methods. Chow Tai Fook Jewellery Group donated RMB 120 million to the Beijing Sport University Education Foundation to establish the "Cheng Kar-Shun Champion Training Fund" to support Beijing Sport University in cultivating top sports talents, assist in the construction of the youth training system, promote the spirit of champions, and promote the development of the country's competitive sports.
09
Mingpai Jewelry enters real estate brokerage business
After the market closed on April 19, Mingpai Jewelry (002574.SZ) issued an announcement stating that it would use no more than 300 million yuan of its own funds to establish a wholly-owned subsidiary, Shanghai Zhijingduo Information Technology Co., Ltd. (registered capital of 10 million yuan), and plans to carry out real estate sales brokerage business.
In response, Mingpai Jewelry said in an announcement that since its establishment, the company has focused on the research and development, production and sales of precious metal jewelry. In recent years, the increasingly fierce competition in the jewelry industry and the impact of the epidemic have had a certain impact on the company's operations, resulting in a slow growth in the company's profits.
In addition, the company's asset-liability ratio is low and cash flow is relatively abundant. Therefore, the company hopes to expand into new industries with good development prospects.
10
Sequoia China leads investment in French fashion and accessories brand DESTREE
On April 21, Sequoia China announced the completion of its Series A investment in fashion and accessories brand DESTREE. It plans to accelerate its entry into the Chinese market by injecting resources into retail innovation and digital marketing to empower the brand's future development.
11
Marine Serre launches the "Fichu pour Fichu" jewelry collection
Marine Serre, a designer brand that has won the LVMH Designer Award, recently released a new "Fichu pour Fichu" jewelry series. The series of products continues the brand's tradition and follows the concept of environmental protection and recycling. Pearls, shells and frosted glass beads collected from all over the world over the years are upgraded and recycled to create fork-decorated earrings, pendants, adjustable rings and necklaces.
12
Garrard launches new Wings Reflection Midnight: diamonds, enamel, wings
British jewelry brand Garrard has launched a new season of the Wings Reflection series, "Wings Reflection Midnight", which still uses angel wings as the design element, inlaying enamel and diamonds on it to create a calm and elegant temperament.
13
BUCCELLATI presents exquisite jewelry to celebrate 520 Love Day
This year, Buccellati presents the Hawaii Diamond Hearts series on the special occasion of 520, showing its charming charm and Italian style, and once again creating the brand's iconic works.
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