Lukfook Group Recognised as Top 5 in Brand Value and Brand Strength in Gold Jewellery Retail Industry in 2022

(10 August 2023) — Luk Fook Holdings (International) Limited ("Lukfook" / the "Group") (Stock Code: 00590) is pleased to announce that it has been ranked as one of the top five brands in terms of brand value and brand strength in the gold jewellery retail industry for the year 2022 by the panel of experts at the inaugural "2023 China Shenzhen Jewellery Brand Development Conference", which is a proven indication of Lukfook's leading position in the gold jewellery retail industry. It also demonstrates the industry’s and market’s recognition of the brand popularity and reputation as a desired jewellery brand by customers.

Mr. Wong Wai Sheung, Chairman and Chief Executive Officer of the Group, said, "We are honoured to be ranked as one of the top five brands in terms of brand value and brand strength in the gold jewellery retail industry in 2022, which validates that the Group is recognised by our customers in terms of brand, products and services, and also highlights the strength of our brand. Lukfook Group has always adhered to the business philosophy of ‘Exquisite Craftsmanship, Quality Services and Customer Orientation’, providing customers worldwide with high-quality jewellery, excellent services and exceptional shopping experiences. The Group currently has over 3,200 points of sale in 11 countries and regions globally. In future, the Group will remain true to our original aspirations, continue to provide superior services and high-quality products to our customers, constantly enhance our brand value and capitalise on its advantages.”


According to the " White Paper on China’s Gold and Jewellery Brand Construction 2022" published by the Gems & Jewellery Trade Association of China, the total operating revenue of 22 retail brands in the industry showed positive growth from 2018 to 2021, increasing from RMB228 billion in 2018 to RMB301 billion in 2021. The overall market share of retail brand has been steadily increasing in recent years, rising from 39% in 2018 to 42% in 2021. The statistical data fully demonstrates that China’s retail market has vast growth potential. The Group will continue to seize opportunities and actively expand Mainland market to bring better experiences to customers.

The China Council for Brand Development provides guidelines for brand valuation, and Gems & Jewelery Trade Association of China developed and promulgated the industry's first "Brand Valuation - Jewelery Industry" group standard, and established an evaluation expert committee. Based on the group standard and relevant international and domestic brand value valuation standards, the brand value valuation for the year 2022 was conducted for 44 gold jewellery brands.