Luk Fook Holdings has signed a three-year Sightholder rough diamond sales contract with the De Beers Group, the world’s largest diamond producer by value.
In doing so, the Hong Kong-listed jewellery retailer has become one of the 84 ‘Sightholders’ of De Beers around the world.
The contract runs until  March 31 2018.

*Tse Moon Chuen, Deputy Chairman & Deputy General Manager of Lukfook joined a cocktail reception hosted by Philippe Mellier, CEO of De Beers Group in Gaborone, Botswana to officially launch the Sightholder contract.
Wong Wai Sheung, Luk Fook group chairman and CEO said the contract gives the company direct access to high quality diamonds from the world’s largest rough diamond supplier.
“Our status as a Sightholder of De Beers, demonstrates not only our market leadership and diamond credentials, but also our ability to meet De Beer’s stringent qualification criteria. This will increase public confidence in our product quality.”
Luk Fook has established its own large-scale jewellery processing plant in Nansha, Guangzhou, with a total site area of over 350,000 sqft in 2003. Having a wholly owned jewellery processing plant enables the group to carry out vertical integration to enjoy stable supply, and to have effective quality control.