Jewellery, a decorative wear, whose history is long and is as old as the human evolution; it has been used by many for different purposes among different cultures. The jewellery industry has undergone great changes with time.
Though the United States has been leading the list in terms of diamond jewellery demand, China and India are quickly evolving as strong demand markets. China and India are the world’s largest consumers of gold jewellery, and it is expected that China will beat America in demand for diamond jewellery by 2020.
With globalization & development of e-commerce, online jewellery sites are crawling up steadily. Though most customers still prefer to buy these items in person, however, having their online presence is pretty much firm these days. Currently, the world online jewellery market is around $10 billion, which is expected to grow to $18 billion in next 3-4 years.
Hong Kong has long been known as a principal centre for the jade jewellery production & evolving as leading trading and distribution centre for pearls. As of 2016, Hong Kong has exported jewellery amounting around HK$ 49 million.
Here are few popular jewellery retailers of Hong Kong:
- Chow Sang Sang
Chow Sang Sang Jewellery Company Limited was established in 1934 in Guangzhou but later moved to Hong Kong. They are in the wholesale business of precious metals.
By 2016, they have 472 self-operated stores in Greater China and also made their presence in Internet platform. Operating under “Chow Sang Sang” and “Emphasis Jewellery” brand, they generated around HK$ 15 million that is 87% of total revenue for 2016.
- Chow Tai Fook
A jewellery retailer founded by Chow Chi Yuen. Famous among the Chinese population, this store has over 2,000 retail outlets in mainland China & in several other countries.
In 2010, they purchased a 507-carat diamond for $35.3 million & set a new record. In 2017 the company acquired the ‘Pink Star diamond’ for USD 71.2 million. By FY2017, this company generated around HK$ 14,963 million.
- Cartier
Cartier is a French luxury goods corporation that designs, manufactures, distributes and sells jewellery and watches. It is well known for its sells to the royalties & celebrities. Carter entered Hong Kong market during 1970. For more information, contact Cartier HK Office
Cartier now is a member of the Swiss-based luxury goods family, Richemont. Today, they offer not only watches and jewellery but also have expanded its range to include large and small leather goods, bags, eyewear, accessories and fragrances.
Cartier products can be found not only at their individual boutiques but also at various chains and independent jewellers, watch and eyewear retailers located throughout the city. Cartier Hong Kong Customer Service Phone Number has many branches in the city’s prominent areas.
- Luk Fook
Luk Fook Holdings Limited, one of the leading jewellery retailers in Hong Kong and Mainland China, was established in 1991. They are mainly into sourcing, designing, wholesaling, trademark licensing and retailing of gold and platinum jewellery and gem-set jewellery products.
As on Mar 2017, this company has over 1,500 shops in Hong Kong, Macau, Mainland China, Singapore, Korea, Malaysia, the United States, Canada and Australia. By FY2015 this Group had earned approximately HK$15.923 billion as revenue and gross profit.
