Chow Tai Fook Reports Q4 Sales Dip Amid Gold Price Volatility

29-04-2026 01:15 PM

International jewellery retail major Chow Tai Fook reported a marginal decline in sales for the fourth quarter of the financial year, reflecting evolving consumer behaviour in a high-price environment.

Sales fell by 1.5% for the three months ending March 31, primarily impacted by an 8% decline in China, which contributes over 80% of the company’s total revenue.

The company attributed the performance to heightened global uncertainties and unprecedented volatility in gold prices, which led to mixed purchasing trends among consumers.

Interestingly, gold jewellery demand remained resilient, aligning with broader market trends:

* Hong Kong & Macau: +47% growth
* China: +7% growth

In contrast, gemstone jewellery witnessed a decline across both regions, indicating a shift toward value-driven purchases and gold-led buying preferences amid rising prices.

Courtesy : AOJ Desk News

Dubai, China sign MoU to develop gold and jewellery trade

19-10-2026 1:40 PM

The Dubai Jewellery Group (DJG) has signed a Memorandum of Understanding (MoU) with the Gold Association of Guangdong Province in China. The agreement aims to strengthen the cooperation between the gold and...

Krishniah Chetty Jewellery exhibition in Hubballi till October 19

19-10-2026 1:40 PM

C. Krishniah Chetty Group of Jewellers, which has a 155-year legacy, is holding a four-day jewellery exhibition from October 16 to 19 in Hubballi. Inaugurating the jewellery exhibition at Hotel The Fern...

India gold swings to premium as lower prices lift jewellery demand

19-10-2026 1:35 PM

Gold traded at a premium in India for the first time in more than three months as a pullback in prices boosted jewellery purchases, while demand in top consumer China remained subdued. In India, domestic gold...

Joyalukkas opens Middle East’s largest jewellery showroom in Dubai

19-10-2026 1:30 PM

Joyalukkas inaugurated ‘Jewel of Joy’, billed as the Middle East’s largest jewellery showroom, at Dubai Gold District . The 25,000-square-foot showroom was inaugurated in the presence of Dr Thani bin Ahmed Al...

GJEPC collaborates with The Leela Hotels, Palaces & Resorts by signing MoU, marking the launch of exclusive hospitality benefits and special offers exclusively for GJEPC members

16-10-2026 1:10 PM

GJEPC collaborates with The Leela Hotels, Palaces & Resorts by signing MoU, marking the launch of exclusive hospitality benefits and special offers exclusively for GJEPC members. The event held at Bharat Diamond...