HONG KONG — Chow Tai Fook, the largest jewelry retailer in the world by market value, posted a 26 percent revenue gain in the quarter ended Dec. 31, reflecting strong sales of gold items and gem-set jewelry.
Same-store sales grew by 11 percent overall, with growth in Mainland China outpacing Hong Kong and Macau.
Chow Tai Fook noted that sales of gem-set jewelry grew by 8 percent during the quarter while sales of gold products advanced 15 percent. The company has been trying to boost sales of gem-set jewelry in recent years since it boasts higher profit margins than gold.
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