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LUKFOOK JEWELLERY Company
Lukfook Jewellery Company: A Comprehensive Overview
1. Company Overview
Founding Date and Background
Lukfook Holdings (International) Limited, commonly known as Lukfook Jewellery, was established in 1991 by a group of experienced jewelry specialists. The company has since grown to become one of the leading jewelry retailers in Hong Kong and Mainland China, focusing on the sourcing, designing, wholesaling, and retailing of gold, platinum, and gem-set jewelry products.
Parent Company/Ownership Structure
Lukfook Jewellery operates under the umbrella of Lukfook Holdings (International) Limited. The company is publicly traded on the Hong Kong Stock Exchange, with the stock code 0590.HK. Its ownership structure includes various shareholders, with the founder Wong Wai Sheung serving as the Chairman and Chief Executive Officer.
Headquarters Location
The headquarters of Lukfook Jewellery is located at Metropole Square, 2 On Yiu Street, Sha Tin, New Territories, Hong Kong. This central location facilitates easy access to its retail operations and corporate functions.
Global Business Scope
Lukfook Jewellery boasts a vast global presence, with over 3,240 points of sale across 11 countries and regions, including Hong Kong, Macau, Mainland China, Malaysia, Cambodia, the Philippines, Laos, Thailand, the United States, Canada, and Australia. The company has strategically positioned its outlets in high-traffic shopping areas to maximize visibility and customer access.
Main Regulatory Bodies
Lukfook Jewellery operates under the regulatory oversight of the Chinese Gold & Silver Exchange Society (CGSE) in Hong Kong, holding a Type B license that allows it to engage in precious metals trading. This regulatory framework ensures compliance with industry standards and practices.
2. Company History and Development
Key Milestones
- 1991: Establishment of the first Lukfook Jewellery retail shop in North Point, Hong Kong.
- 1994: Expansion into Mainland China with the opening of the first retail shop in Guangdong.
- 1997: Listed on the main board of the Hong Kong Stock Exchange.
- 2003: Established a large-scale jewelry processing plant in Nansha, Guangzhou, to enhance production efficiency.
- 2013: Launched the Victoria Gemological Institute Limited, focusing on jewelry authentication and professional training.
Business Expansion Journey
Since its inception, Lukfook has experienced rapid growth, particularly in Mainland China, where it has focused on both first and second-tier cities, as well as emerging lower-tier cities. The company has continually expanded its retail network and product offerings to meet the evolving demands of its customer base.
Customer Base Growth
Lukfook Jewellery has cultivated a diverse customer base, appealing to various demographics through its extensive range of products. The companys commitment to quality and customer service has fostered loyalty among its clients, contributing to its sustained growth in sales and market presence.
Platform Development History
The company has developed a robust online presence, launching e-commerce platforms to facilitate business-to-business trading and direct-to-consumer sales. This digital transformation has allowed Lukfook to reach a broader audience and adapt to changing consumer behaviors.
Important Awards or Recognitions Received
Lukfook has received numerous accolades for its commitment to quality and customer service, including ISO certifications for quality management and environmental standards. The company has also been recognized for its corporate social responsibility initiatives and sustainability efforts.
3. Trading Services Offered
Forex Trading Options
Lukfook Jewellery provides access to various financial instruments, including forex trading. While specific details on the number of currency pairs offered were not disclosed, the company is known for providing a comprehensive trading platform that includes forex options.
Stock Trading Options
As a publicly listed company, Lukfook Holdings offers its shares for trading on the Hong Kong Stock Exchange. Investors can buy and sell shares of Lukfook Jewellery, benefiting from its growth and profitability.
CFD Trading Products
Lukfook also offers contract for difference (CFD) trading products, allowing clients to speculate on price movements without owning the underlying asset. This trading option provides flexibility and potential for profit in a variety of market conditions.
Other Financial Instruments
In addition to forex and CFDs, Lukfook Jewellery provides access to other financial instruments, including commodities and indices. The company is continuously exploring opportunities to expand its product offerings to meet customer needs.
Special Services or Unique Advantages
Lukfook Jewellery distinguishes itself through its commitment to quality control and customer service. The company operates its own gemological laboratory, China Gems Laboratory Limited, which specializes in diamond authentication and grading, enhancing its reputation for quality assurance.
4. Regulatory and Legal Background
Detailed Regulatory Information
Lukfook Jewellery is regulated by the Chinese Gold & Silver Exchange Society (CGSE) in Hong Kong, holding a Type B license that allows it to engage in precious metals trading. This regulatory body ensures compliance with industry standards and protects consumer interests.
Legal Entity Structure by Region
The legal entity structure of Lukfook Jewellery varies by region, with operations in multiple countries. In Hong Kong, it operates as Lukfook Holdings (International) Limited, while in Mainland China, it operates under the same brand name with local licensing.
Client Fund Protection Measures
While specific client fund protection measures were not detailed, the regulatory framework in Hong Kong provides a level of consumer protection. However, potential clients are advised to conduct thorough research regarding the safety of their investments.
Countries/Regions Served
Lukfook Jewellery serves clients in various countries and regions, including Hong Kong, Macau, Mainland China, Malaysia, Cambodia, the Philippines, Laos, Thailand, the United States, Canada, and Australia. This extensive reach allows the company to cater to a diverse clientele.
Compliance History
Lukfook has maintained a strong compliance history, adhering to the regulations set forth by the CGSE and other relevant authorities. The companys commitment to quality control and ethical practices further reinforces its credibility in the market.
5. Competitive Landscape
3-5 Main Competitors
Lukfook Jewellery faces competition from several key players in the jewelry retail industry, including:
- Chow Sang Sang: A leading jewelry retailer in Hong Kong and Mainland China, known for its extensive product range and strong brand presence.
- Tiffany & Co.: An internationally recognized luxury jewelry brand that competes in the high-end market segment.
- Chaumet: A French luxury jewelry brand that offers premium products and has a strong presence in Asia.
- Pandora: Known for its customizable charm bracelets, Pandora competes in the mid-range jewelry market.
Positioning in the Industry
Lukfook Jewellery positions itself as a leading provider of quality jewelry products in Hong Kong and Mainland China. The company emphasizes its commitment to craftsmanship, quality control, and customer service, which has helped it establish a strong reputation in the industry.
Market Differentiation Factors
Lukfook differentiates itself through its extensive global presence, commitment to quality, and diverse product offerings. The companys in-house gemological laboratory and focus on sustainability further enhance its competitive edge in the market.
Conclusion
Lukfook Jewellery has established itself as a prominent player in the global jewelry industry, with a rich history, diverse product offerings, and a commitment to quality. As the company continues to expand its reach and adapt to market changes, it remains a trusted choice for consumers seeking high-quality jewelry products.
For more information on Lukfook Jewellery, visit their official website.