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29.06.26 - 10:06
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Pandora, Swarovski lose traction in China as shoppers shift to gold and lab-grown diamonds (SCMP)
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Once popular among young Chinese consumers, Danish affordable jeweller Pandora and Austria's Swarovski have closed a large number of their mainland stores amid lost brand appeal, as shoppers now prefer high-end luxury goods or value-preserving products like gold.
Copenhagen-listed Pandora was at its peak in China in 2019, operating more than 240 stores and posting revenue of 1.97 billion Danish kroner (US$300 million). Its mainland sales have declined annually ever since.
Last year, China made......
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29.06.26 - 02:36
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Gold Falls Amid Souring Risk Sentiment (WSJ EN)
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Gold declined in early Asian trade. Souring risk sentiment toward artificial-intelligence-related assets has spilled over into commodities including gold, which was among the hardest hit last week, said Capital Economics....
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