He said some designers were considering changing from using 18-karat to 14-karat gold. There is also the opportunity to sell gold plated jewelry that preserve the look of their brand’s designs.“The last month has been chaos, pure chaos,” said David Hakimian, owner of DEH Jewelry Solutions in an interview with The Wall Street Journal in May. “It’s affecting pricing dramatically.” [3]CNBC reports that multiple major retailers like Mejuri, Pandora and Signet are changing their strategies: exploring alternative ...

Summary of Pop Mart International Group Conference Call Company Overview - **Company**: Pop Mart International Group (Ticker: 9992.HK) - **Market Cap**: US$44.798 billion - **Current Share Price**: HK$259.60 (as of October 10, 2025) - **Price Target**: HK$382.00 - **52-Week Range**: HK$339.80 - HK$57.00 - **Shares Outstanding**: 1,343 million - **Average Daily Trading Value**: US$257 million Industry Context - **Industry**: China/Hong Kong Consumer - **Market Dynamics**: The US is a significant market for IP products, where Pop Mart has strong consumer appeal and limited direct competition [3][7] Key Financial Insights - **Tariff Impact**: - Basic figures retailed at approximately US$17 before April 10, 2025, with new launches priced at US$19-20 [2] - Existing figures increased to US$19-20 in May-June 2025, anticipating a potential 50-55% tariff on toys from China [2] - Actual toy tariff has remained around 30% since May 2025, leading to an estimated US GPM of ~80% in 1H25 [2] - If tariffs remain unchanged, US GPM is expected to be higher in 2H25 [2] - A potential increase to ~130% tariff could lead to a price increase of ~US$4.5 for basic plush and ~US$3 for basic figures, maintaining GP/OP per unit [2] Strategic Insights - **Supply Chain Management**: - Pop Mart has effectively managed its supply chain and tariff mitigation strategies [3] - The company had plans to source a majority of US merchandise from Vietnam, which were postponed due to easing trade tensions [7] - It would take approximately 4-6 months to shift the supply chain if necessary, although efficiency in Vietnam would lag behind China [7] Earnings Projections - **Earnings Impact**: - In a scenario with a 130% tariff and no pricing adjustments, the estimated earnings impact for 2025 would be around 1% [7] Valuation and Growth Potential - **Valuation Methodology**: - Base case value is based on a target P/E of 42x for 2025, implying a PEG of ~1.6x on a 2025-27 EPS CAGR [8] - **Growth Drivers**: - Continued sales momentum in China and overseas markets, successful product line expansion, and new IP initiatives are expected to drive further re-rating [8] Risks - **Upside Risks**: - Faster overseas growth, successful rollout of popular products, and retention of momentum in China [10] - **Downside Risks**: - Weak macro environment, uncertainties related to new products, and unsuccessful overseas expansion [10] Conclusion - Pop Mart International Group is positioned well within the consumer market, with effective management of tariff impacts and a strong growth outlook driven by product innovation and market expansion strategies. The company remains a top pick in the China/Hong Kong consumer sector, with a favorable valuation and growth potential despite potential risks associated with macroeconomic conditions and trade tensions.

Core Perspective - The article highlights the role of ZenHima, a cross-border e-commerce platform, in promoting Tibetan jewelry and handicrafts to a global audience during the 2025 Yarlung Cultural Tourism Festival, emphasizing the cultural significance and authenticity of Tibetan craftsmanship [2][4][6]. Company Overview - ZenHima is dedicated to introducing Tibetan cultural heritage through its online marketplace, showcasing products such as malas, silver jewelry, meditation tools, and hand-painted thangkas crafted by artisans using traditional methods [3][5][10]. - The platform aims to connect Tibetan artisans with international consumers, promoting fair trade practices and ensuring artisans receive fair value for their work [8][10]. Industry Insights - There is a growing global interest in Tibetan crafts, with consumers seeking items that offer authenticity, symbolism, and a connection to heritage, which Tibetan handicrafts provide [6]. - The Yarlung Cultural Tourism Festival serves as a significant occasion for raising awareness of Tibetan artistry and culture, featuring performances that reflect local traditions [4][7]. Social Impact - ZenHima collaborates directly with Tibetan artists and communities, supporting local artisans and sustaining cultural traditions while helping them reach global buyers [8][9]. - The company positions itself as a bridge connecting Tibetan culture with global appreciation, ensuring that the cultural economy of Tibet grows while artisans are recognized worldwide [9].

Group 1 - Ernest Hoffman is a Crypto and Market Reporter for Kitco News with over 15 years of experience in writing, editing, broadcasting, and producing for various organizations [3] - Hoffman began his career in market news in 2007, establishing the broadcast division of CEP News in Montreal, Canada [3] - He developed the fastest web-based audio news service globally and produced economic news videos in partnership with MSN and the TMX [3] Group 2 - Hoffman holds a Bachelor's degree with a specialization in Journalism from Concordia University [3] - Contact information for Hoffman is provided, indicating a direct line for inquiries [3]

Silver jewelry is everywhere now. Here's a womenswear guide to wearing it in 2025. https://t.co/or4zDA5zSS ...