As disposable income grows and the exchange of diamonds and jewelry during wedding ceremonies becomes more commonplace in China retailers are taking aim at the market. LJ International (ticker: JADE) is taking an aggressive approach to the China market by opening jewelry stores in major cities on the Mainland. No less enthusiastic about China is jewelry retailer Tiffany & Company (ticker: TIF). Investor Relations VP Mark Aaron had the following to say during management's Q2 2005 earnings results conference call:
(Quotes are from the CCBN StreetEvents transcript.)....We remain enthusiastic about Tiffany's longer term potential in China, although our two stores there still represent a very small part of Asia Pacific sales.
Comment: Management spoke at greater length about China here.
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