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RAPAPORT... Luk Fook Holdings signed a three-year sightholder rough diamond sales contract with the De Beers Group of Companies for the period that ends on March 31, 2018.
Wong Wai Sheung, Luk Fook's chairman and CEO, said, “We are delighted to have qualified as a sightholder of De Beers for the next three years. This gives us 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 was established in 1991 and operates 1,350 retail stores, with shops in Mainland China, Hong Kong, Macau, Singapore, Canada, Australia and the U.S. In addition, the company manufactures jewelry at its 350,000-square-foot facility in Nansha, Guangzhou, China. The firm attained ISO 9001 Quality Management Systems – Requirements and ISO 14001 Environmental Management System certifications for the facility and has entered a second phase of expansion that it expects to double jewelry manufacturing capacity when construction is completed.
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