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TSL Skids to Loss Amid Persistently Weak Demand

Summary by rapaport.com
Hong Kong jeweler Tse Sui Luen (TSL) recorded a loss for the full fiscal year amid waning appetite for diamond jewelry in China and an increase in shoppers from the municipality purchasing goods while abroad. The retailer reported a loss of HKD 197.8 million ($25.2 million) for the 12 months that ended March 31, it said Monday. That compared to a loss of HKD 374.2 million ($47.7 million) a year earlier. The company attributed the result primaril…
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rapaport.com broke the news in on Tuesday, July 1, 2025.
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