HONG KONG Jan 7 Hong Kong-listed Chow Tai Fook
Jewellery Group Ltd, the world's most valuable
jewellery retailer, said on Tuesday its revenue grew 26 percent
in the third quarter of fiscal 2014, driven by sales of both
gold and gem-encrusted pieces.
Sales in mainland China rose 34 percent and sales in Hong
Kong and Macau rose 18 percent in the three months ended Dec.
31, Chow Tai Fook said in a statement to the Hong Kong Stock
Exchange. Gold products remained its best-sellers, accounting
for 57 percent of total revenue.
Third quarter results are not audited and based on internal
records and management accounts.
Most of Chow Tai Fook's customers are Chinese. The jeweller,
which competes with Cartier and Tiffany & Co in
retailing luxury pieces, is focusing on broadening its customer
base by launching more affordable collections with Hello Kitty
and Angry Birds themes, as well as on online sales.
Shares in Chow Tai Fook closed up 3.5 percent at HK$11.74
compared with a 0.1 percent rise in the benchmark Hang Seng