Image: Catoca.com Angola has seized a stake in the nation’s biggest diamond miner Catoca, giving it majority control of one of the
Chow Tai Fook sales surged in the fiscal first half as the company added a net 624 new locations in mainland China.
In just one generation, China has gone from being a manufacturer for the West to a more prestigious new luxury Eldorado.
As a result of the corona crisis, trade in the Antwerp diamond sector was hit hard once again last year. However, the
China has arrested 121 people suspected of bringing CNY 3.88 billion (around $570 million) in diamonds into the country through illegal channels
Luxury goods sales will fall by 20-35% this year as the slowdown due to coronavirus is expected to continue, Bain & Company
Giants De Beers and Alrosa have seen their sales of rough diamonds plummet since the outbreak of the coronavirus epidemic in China.
The interruption of sales in China, where the new coronavirus is rampant, has significantly slowed demand in the diamond market. Its players
Shifting perceptions, changing relationship dynamics and e-commerce are the main factors contributing to this clear evolution among young Chinese consumers.
President Donald Trump’s decision, in the context of the ongoing trade war with China, to impose 10% import duties on $300 billion