Low Diamond Demand, Struggling Chinese Economy Dent TSL
Hong Kong-based jeweler Tse Sui Luen (TSL) reported a loss in the first fiscal half amid economic challenges in China and dwindling demand for diamond jewelry.
Hong Kong Retail
Hong Kong Retail Sales Still Struggling to Recover
Hong Kong’s hard-luxury market saw its weakest growth figure for six months as the retail sector’s rebound ran out of steam amid a lack of tourism. Revenue from jewelry, watches, clocks and valuable gifts grew 27% year on year to HKD 3.2 billion ($410.6 million) in July but was still 42% lower than in the … Read more
