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vietnam jewelry market
Update news vietnam jewelry market
PNJ rebounds 40% as foreign ‘sharks’ bet big after diamond crisis
Two global investment groups bought millions of PNJ shares while the jeweler was still reeling from a diamond scandal. Weeks later, the stock has surged more than 40% from its low.
Ho Chi Minh City’s ‘diamond streets’ go quiet amid liquidity crisis
More than a month after scores of diamond retailers in Ho Chi Minh City shut their doors amid a liquidity crisis, many remain closed. A handful have reopened, but customers are scarce and trading remains subdued.
Ho Chi Minh City residents line up to sell gold, diamonds
In contrast to the market in Hanoi, gold dealers in Ho Chi Minh City saw a sharp increase in customer traffic on July 23. Most customers came to sell gold bars, gold rings and diamonds despite a steep decline in gold prices.
PNJ seeks independent international review of product quality
Phu Nhuan Jewelry Joint Stock Company, or PNJ, has approved plans to hire reputable international firms to independently assess the quality of its products, including diamonds and jewelry.
Vietnam's diamond market rattled as stores close and trust erodes
Confidence in Vietnam's diamond trade has weakened after a series of investigations and temporary business closures, leaving buyers increasingly cautious.
