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Hong Kong jeweller Luk Fook Holdings (International) Ltd reported a 27.9 percent increase in net profit for the six months ended September 30, on the back of positive market sentiment and lower gold prices.
Retail sales of jewellery in China remained in positive territory, with October 2018 figures registering a 4.7 percent year-on-year increase, according to the latest data from the National Bureau of Statistics of China.
China’s jewellery market is seen to improve exponentially over the years through brand-building, consumer transparency and creating more engaging “buying occasions,” according to the World Gold Council.
Retail sales of gold, silver and jewellery in China remained strong in the first five months of the year, recording a 7.5 percent increase from the same period last year, the National Bureau of Statistics of China said.