11月25日晚间，港股市场黄金珠宝行业龙头公司周大福披露了截至2025年9月30日止六个月中期业绩公 告。 公告显示，受惠于消费气氛改善及主要市场的珠宝消费回暖，周大福总体业绩表现稳健，其内地及港澳 地区的同店销售均重拾增长。 港股黄金珠宝龙头业绩出炉：同店销售重拾增长 在中国内地市场，电子商务加强了顾客互动，推动周大福的业绩增长。周大福披露的公告显示，周大福 积极发挥直播渠道潜力，投资于内容策展、主播合作及线上即时互动，期内贡献大约18%的线上销售零 售值。周大福还表示，强劲动力最初受热门IP合作带动，并透过聚焦年轻消费者的策略得以持续，运用 多元及互动社交媒体内容，并根据大型网购节日及节庆期调整营销方法，同时优化产品组合，满足线上 顾客不断变化的需求。另外，周大福表示，最近双十一期间，其电子商务零售值增长超过30%。 股价表现方面，今年以来周大福股价走势强劲，年内股价已实现翻倍，累计涨幅超过120%，公司最新 市值在1500亿港元左右。 金价近期整体呈现高位震荡 值得注意的是，与黄金珠宝行业息息相关的金价近期整体仍呈现高位震荡格局。国际金价方面，伦敦金 价格今年10月突破4300美元/盎司后回落，至今年1 ...

近期，国际金价高位震荡，国内首饰金价格也居高不下，不少品牌黄金珠宝商足金饰品报价突破1300 元/克大关，回收价则突破900元/克大关。在此背景下，黄金消费出现新趋势，轻克重黄金产品、金条 等受到消费者青睐。 金价维持高位 11月16日，周大福足金饰品报价为1315元/克，工艺金章金条类报价为1153元/克，黄金增值服务金价为 1138元/克，黄金回收服务金价为901元/克。 同日，六福珠宝足金饰品报价为1313元/克；周生生足金饰品报价为1310元/克。 11月以来，国际金价维持高位震荡走势。11月14日，COMEX黄金报价达到4084.4美元/盎司，收盘跌幅 为2.62%。 业内人士普遍认为，今年下半年以来，受全球地缘局势不确定性加剧、美元指数波动等因素影响，国际 黄金价格保持强劲走势，带动国内零售端价格同步上行。短期内，黄金价格或仍将维持高位震荡，若相 关经济数据进一步推升避险情绪，金价仍有上行空间。对于消费者而言，若以投资为目的，需关注国际 金价波动；若以佩戴需求为主，建议根据自身预算合理选择购买时机。 ● 本报记者 董添 不同品类黄金产品的表现差异明显。轻克重、附加值高的首饰产品仍保持较强的市场吸引 ...

近期，国际金价高位震荡，国内首饰金价格也居高不下，不少品牌黄金珠宝商足金饰品报价突破1300 元/克大关，回收价则突破900元/克大关。在此背景下，黄金消费出现新趋势，轻克重黄金产品、金条 等受到消费者青睐。 金价维持高位 11月16日，周大福足金饰品报价为1315元/克，工艺金章金条类报价为1153元/克，黄金增值服务金价为 1138元/克，黄金回收服务金价为901元/克。 同日，六福珠宝足金饰品报价为1313元/克；周生生足金饰品报价为1310元/克。 11月以来，国际金价维持高位震荡走势。11月14日，COMEX黄金报价达到4084.4美元/盎司，收盘跌幅 为2.62%。 业内人士普遍认为，今年下半年以来，受全球地缘局势不确定性加剧、美元指数波动等因素影响，国际 黄金价格保持强劲走势，带动国内零售端价格同步上行。短期内，黄金价格或仍将维持高位震荡，若相 关经济数据进一步推升避险情绪，金价仍有上行空间。对于消费者而言，若以投资为目的，需关注国际 金价波动；若以佩戴需求为主，建议根据自身预算合理选择购买时机。 分化成关键词 中国黄金协会最新数据显示，2025年前三季度，我国黄金消费量为682.73吨，同比下 ...

Core Viewpoint - The price of gold is expected to remain in a high-level fluctuation due to recent developments in US-China trade negotiations and ongoing geopolitical tensions [1] Group 1: Market Reactions - On May 12, significant news regarding US-China trade negotiations led to a drop in international gold prices, with a decline exceeding 3% at one point [1] - Following the initial drop, gold prices rebounded and returned to a high-level fluctuation range, indicating ongoing market sensitivity [1] Group 2: Expert Insights - Professor Wan Zhe from Beijing Normal University highlighted that the US-China trade war has reached a critical turning point, suggesting a period of adjustment in US-China relations [1] - The decrease in uncertainty and instability expectations is likely to reduce risk-averse sentiment, which could lead to a decline or correction in gold prices [1] - However, ongoing international and geopolitical conflicts may still elevate risk-averse sentiment, contributing to the high-level fluctuation of gold prices [1]

Core Viewpoint - Recent fluctuations in gold prices have significantly impacted the retail gold market, with high prices suppressing consumer demand for gold jewelry and prompting a shift towards new product offerings and business models [1][2][3] Group 1: Market Impact - COMEX gold prices reached a historical high of $3509.9 per ounce on April 22, followed by a decline to $3330.2 per ounce by April 25 [1] - The high gold prices have led to a decrease in sales of heavier gold jewelry and ornaments, as consumers exhibit a wait-and-see attitude [1] - The high price volatility is seen as both a challenge and an opportunity for the gold retail industry, prompting a need for transformation and innovation [1][3] Group 2: Consumer Trends - There is a growing preference among consumers for lightweight gold jewelry, such as bracelets, pendants, and earrings, which are becoming popular among younger demographics [2] - The gold recycling market is also experiencing increased activity, with more consumers seeking to sell gold for cash [2] Group 3: Business Strategies - Companies are adapting to market changes by exploring long-term strategies, such as Zhou Dasheng Jewelry's announcement of engaging in gold forward trading and leasing to mitigate the impact of price fluctuations [2] - Some firms are leveraging technology, such as AI and big data, to enhance their gold recycling processes, offering quick and efficient services [2] - Collaborative product launches with popular IPs are being utilized to differentiate offerings, with companies like Chow Tai Fook and Zhou Dasheng introducing unique themed jewelry lines [3] Group 4: Industry Outlook - The high price environment is reshaping the competitive landscape of the gold retail market, requiring companies to be agile in responding to consumer demand changes and to integrate resources effectively to reduce costs and improve efficiency [3]