After reading the blog “Beijing bling“, I think it is quite amazing how such a unknown company, speaking from a western point of view, can have over $4.5 billion dollars in sales. Chow Tai Fook, the secretive Hong Kong based jeweler, has an has sale that have been  increasing at a rate of over 50% per year. With the expected share prices being lower than expected, it is clear that the struggling ‘global market’ has an impact on every firm.

China is currently one of the largest ‘booming markets’ in the world today, with that in mind, it is easy to understand why Chow Tai Fook has 1,500 outlets located in China. The Chinese jewelery market is increasing at a rate of 15%, which doesn’t surprise me, because with a growing market that number of rich and wealthy people increase, which we can see in the Chinese market. Another interesting fact is how Chow Tai Fook is already TWICE the size of the American posh jeweler, Tiffany & Co.

With the fast-pace emerging Chinese economy, really anything is possible. Chow Tai Fook may be on the edge of being the new leader for world jewelery.