Botswana Unveils Diamond-Accented Medals for the 2026 World Athletics Relays
April 23, 2026
De Beers Jwaneng 28.88 diamond sold at Sotheby’s Hong Kong for $2.6 Mn
April 24, 2026Luk Fook’s revenue rose in the fourth fiscal quarter as consumers adapted to higher gold prices
Overall sales climbed 19% year on year for the three months ending March 31, for the Hong Kong-based jeweler. The growth comes despite the high comparison base noted in the comparable period a year ago.
Additionally, same-store sales for the final period of the year reached 33%, exceeding each of the previous three quarters, thanks to strong Hong Kong demand.
Sales in Hong Kong and Macau jumped 42% year on year, up from a 20% increase in the third quarter. Same-store sales of gold products grew 52%, while fixed-price jewelry advanced 11%. In the fixed-price-jewelry category, gold products climbed 21% and those with diamonds slipped 9%. Overall, same-store sales improved 39% in the region.
