Sales growth in mainland China accounted for 7% compared to the same period of the previous year, but in Hong Kong and Macao it fell by 6% in the same period.
In mainland China jewelry with precious stones had a share of 24%, gold products - 60%, the share of production of platinum and karat gold is 11%, and hours - 5%.
At the same time on the market of jewelry with stones in Hong Kong and Macau accounted for 26% and 58% gold products, for platinum jewelery and articles carat gold 10% and 6% on the clock.
Comparable sales figures reflect the same trend: 4% growth for the Chinese mainland, but the fall of 2% in Hong Kong and Macau. Volumes comparable sales for the two areas were similar and showed a 9 percent decline.
Chow Tai Fook also released sales data over the Internet in mainland China, which grew by 25% and resulted in 4% - 12% of all retail sales in the 3rd quarter.
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The strike of Indian jewelers and gold traders protesting against the imposition of one percent excise tax on jewelery, is able to assist the authorities of the country, as gold imports in March may fall sharply compared to the same period last year. Against this background, the current deficit of the country's trade balance can also be reduced.
In addition, the margin also decreased the gold against a background of strikes. "Over the past 10 days of delivery of gold bullion, doré and gold jewelry were not carried out because the consumption of gold has fallen sharply due to the strike In this regard, the government will be able to improve the performance of the current trade balance of India." - a trader said the gold market and the director RiddiSiddhi Bullions Mukesh Kothari (Mukesh Kothari).
It is expected that in the current financial year the deficit of the current balance of trade in India will decline to 0.7%, against 1.3% in 2015 fiscal year.
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