JNA Nov/ Dec 2020

MARKET INDICATORS 10 | JNA Nov/Dec 2020 Jewellery demand down in Q3, says WGC World Gold Council’s (WGC) Gold Demand Trends Q3 2020 showed a 29 per cent drop in jewellery demand in Q3, mainly due to market uncertainties and high gold prices. Gold spot price reached US$1,938.45 per ounce as of November 5. Demand however improved from the Q2 record low as governments relaxed restrictions and lockdown measures. Some witnessed a notable shift towards online shopping, said WGC. 世界黃金協會 (WGC) 發布 2020 年第三季度黃金需求趨勢報 告顯示，當季珠寶需求下跌 29% ，主要受市場不確定性和金 價高企的影響。截至 11 月 5 日，黃金現貨價格已達至每盎司 1,938.45 美元。 WGC 表示，隨着各國政府陸續放寬防疫限 制和封鎖措施，需求跌幅較第二季度的紀錄低點有所改善。 該會亦指部分市場出現轉移線上消費的明顯趨勢。 Source 資料來源 : Metals Focus, World Gold Council 世界黃金協會 graceliuphotos / Shutterstock.com Philippe Lacombe, courtesy of LVMH 攝： Philippe Lacombe / 圖片鳴謝： LVMH Q3 saw widespread recovery from coronavirus-stricken Q2 第三季普遍從受疫情衝擊的第二季中有所恢復 Mainland China 中國大陸 India 印度 Rest of World 世界各地 US$131.50 美元 New price per share that French conglomerate LVMH will pay to acquire Tiffany & Co. The amount is lower than the US$135 per share or approximately US$16.2 billion earlier agreed upon by the two parties. The merger is expected to close in early 2021. Weight in carats of an exceptional white diamond, named “Sethunya” or flower in Setswana, that was recently recovered by Lucara Diamond Corp. Lucara is collaborating with LVMH and diamond manufacturing and tech firm HB Antwerp to cut and polish the diamond. LVMH 宣布與蒂芙尼重新達成共識，並將以新價格每股 131.50 美元收購蒂芙尼。雙方早前曾協議的收購價為每 股 135 美元，即合共約 162 億美元。合併預計於 2021 年初 完成。 Lucara 最近採出一顆重達 549 克拉的巨型白鑽，鑽石以茨瓦納語“ Sethunya ” 為名，意為“花朵”。該公司正與 LVMH 和鑽石製造及技術商 HB Antwerp 合 作，準備對這顆鑽石進行切割和拋光。 黃金協會指第三季珠寶需求下跌 549 We continue to believe in the power and value of the Tiffany brand and the compelling long- term strategic and financial benefits of this combination. – Alessandro Bogliolo, CEO of Tiffany & Co 我們一直相信蒂芙尼的品牌力量和價 值，以及這次合併會帶來的長期戰略 和財務利益。 —— 蒂芙尼公司首席執 行官 Alessandro Bogliolo This balanced agreement with Tiffany’s Board allows LVMH to work on the Tiffany acquisition with confidence and resume discussions with Tiffany’s management on the integration details. We are as convinced as ever of the formidable potential of the Tiffany brand and believe that LVMH is the right home for Tiffany and its employees during this exciting next chapter. – Bernard Arnault, president and CEO of LVMH 與蒂芙尼董事會達成的這項協議，讓LVMH能夠滿懷信心地開展收購工作， 並重新開始與對方管理層商討合併細節。我們一如既往地堅信蒂芙尼強大的 品牌潛力，接下來的新里程令人期待，而我們相信LVMH會是蒂芙尼及其員 工的好歸宿。 —— LVMH 集團總裁兼首席執行官 Bernard Arnault