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CHOW TAI FOOK
China cuts gold tax exemption for some retailers which may curb buyingChina has ended a tax exemption on gold sold to some buyers from exchanges, lowering it from 13% to 6% starting November 1. This policy cha...- Australia casino operator Star revives 50% asset sale to HK investorsAustralian casino operator Star Entertainment has salvaged a deal to sell a half-stake in its Brisbane resort to Hong Kong-based Far East C...
- Export of natural diamonds may see turnaround as China reignites demandIndian diamond exporters anticipate a resurgence in Chinese demand following a three-year decline, fueled by major retailers launching diam...
- As US President Donald Trump hails taking back of Panama Canal, Hong Kong Inc walks tightropeHong Kong's position as a financial hub is weakening amid China-US tensions, highlighted by CK Hutchison's sale of its global ports busines...
- Reliance's Ambani reigns over Asia’s 20 Richest Families list while Trump’s tariff storm brews; check detailsMukesh Ambani, chairman of Reliance Industries, leads Asia's richest family business, per Bloomberg. Adani is not on the list due to Bloomb...
- Indian diamond exports hit by slump in Chinese demand, HMPV concerns add to uncertaintyIndian diamond trade's promotion of natural diamonds in China, in collaboration with Chow Tai Fook and De Beers, has not boosted sales. Dia...
- India's diamond units take longer Diwali break, get workers worriedIndia's diamond industry, centered in Surat, is facing a month-long shutdown due to weak demand from the US and China. The prolonged closur...
- Diamond houses strive to win back choosy Chinese buyers, plan $8-10 mn campaign with DeBeersLast week, a meeting of natural diamond houses was held in Mumbai to discuss the road ahead. They have overcome the sudden crunch during th...
- Fewer 'I dos' ruin the party for China's $500 billion wedding industryThe wedding planning industry in China, which is estimated to be worth almost $500 billion, is facing a decline in couples willing to get m...
- How China’s Covid-zero policy is giving a polish to goldIt’s far from obvious that this rise in demand has played out. Many of the things that Chinese consumers used to buy are off the table at p...
- Global admissions consulting firm Crimson Education steps into India marketThe company, which has a presence across 24 nations globally, is now set to bring its expertise in admission consulting and their network o...
- A fifth of Indian carriers’ leased fleet from Chinese, Hong Kong ownersIndian carriers have a combined passenger aircraft fleet of 650, of which about 600 are on outright lease or under sale and leaseback. In t...
- Weak rouble, low oil prices soften diamond demand; exporters face a rough patchIndia's diamond exports are expected to remain flat at best this fiscal year as a weak rouble and low oil prices softened demand from the k...
- Rolex stores shut as protests continue in Hong KongThe protests are now threatening to exacerbate Hong Kong’s slumping sales of jewellery, watches and other valuable gifts, which are headed ...
- Golconda diamond pendent to headline in Christie's Hong Kong Magnificent Jewels auctionHaving previously set multiple pink diamond auction records, this season, Christie’s Hong Kong will unveil pear-shaped intense pink diamond.
- Billionaires eye Asian tourists, bid for Australia's Barrier Reef casinosQueensland is seeking to emulate the success of Singapore where resorts drew Asian tourists to raise about $5.2 billion in revenue in 2013.
- Gold sales tripled in China during April price correctionFurther drops may not spur as much buying because consumers will likely hold off, waiting for gold to hit a bottom, said Larry Cho, CIMB Se...
- China’s love for cheap diamonds heating up mass marketPrices for a 1-carat internally flawless “top white” diamond have gained about 7% in two years, while a stone of similar size and color wit...
- Gold gaining as physical demand said to be 'Extraordinary'Gold today extended gains above $ 1,400 an ounce on signs that jewellers and other users of the metal are taking advantage of the biggest s...
- Tiffany's in talks with Reena Wadhwa for India entryIconic US jeweller Tiffany & Co is in talks to enter India through a 51% joint venture with actress-turned-luxury entrepreneur Reena Wadhwa.
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