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Some Fixed-Price Gold Jewellery in CN Said to See Price Hike Up to 15%; CHOW TAI FOOK: Only Very Small Portion of Products Involved
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Fixed-price gold jewellery of CHOW TAI FOOK (01929.HK) has increased in price, according to recent hearsay. Chinese media, citing several CHOW TAI FOOK stores in Nanjing, reported that some fixed-price gold jewellery items will undergo system update after store closing today (14th) and officially see a new round of price adjustments tomorrow (15th), with certain products marked up by 10-15%. In response, CHOW TAI FOOK stated that the current price adjustment only involves a very small proportion of products, while prices of most products remain unchanged. Regarding the reasons for the increase, the company said jewellery pricing is determined based on multiple factors, including raw material costs, design and production, operating expenses, taxes and brand value, while also taking into account market conditions and consumer expectations. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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