There is no relationship between the three, they just have similar names.
Chow Tai Sang is Hong Kong Chow Tai Sang Jewelry Co., Ltd., which was officially founded by overseas Chinese in 1966. Its main business scope is diamond import and export, wholesale and chain operation. The company's core business covers the entire process of diamond jewelry processing, wholesale and retail, forming a complete industrial chain.
Chow Tai Fook is a gold monopoly company affiliated with a private business group controlled by Hong Kong's Zheng Group. It ranks first in the market in sales every year in the jewelry industry in Hong Kong and China. It is the most famous and largest jewelry brand in mainland China and Hong Kong. The main difference between Chow Tai Fook and the other two companies is that Chow Tai Fook started from gold.
Chow Sang Sang was founded in Guangzhou, China in 1934 and laid its foundation in Hong Kong in 1948. It became a listed group company in 1973 and opened up the mainland business market in 1994. Platinum jewelry is famous for its beauty.
The development history of Chow Tai Fook
In 1938
Due to the civil war, Chow Tai Fook Bank moved from Guangzhou to Macau one after another, and started to make money in Macau Asia and America. The first gold shop was opened on the road.
In 1956
Chow Tai Fook was officially taken over by Dr. Cheng Yutong. In the same year, he pioneered 999.9 gold jewelry and became a successful example of gold jewelry.
In 1960
Dr. Zheng Yutong broke through the traditional gold shop operation model and was the first to foresee the development prospects of the jewelry industry. He began to shift from pure gold to diamond-led jewelry business, and Chow Tai Fook Jewelery and Gold Shop was reorganized into Chow Tai Fook Jewelery and Gold Shop Limited.
In 1964
Chow Tai Fook opened a diamond cutting factory in Johannesburg, South Africa, and in the same year obtained the distribution patent rights from De Beers, the world's largest diamond rough manufacturer. .
In 1973
Chow Tai Fook became one of the 125 international authoritative diamond dealers in the world (selected to 78 in 2008) of De Beers (now DTC International Diamond Trading Company).
1984
The 999.9 pure gold jewelry pioneered by Chow Tai Fook in 1956 was stipulated as the fineness standard for Hong Kong gold jewelry in the Hong Kong government’s gold products legislation. The market also equates Chow Tai Fook's gold with quality assurance, making it the preferred brand for Hong Kong consumers looking for gold jewelry.
In 1990
Chow Tai Fook innovatively promoted "fixed price" jewelry with cost and reasonable profits, which has now become another synonym for "genuine goods at a reasonable price".
In 1998
Chow Tai Fook opened its first specialty store in Mainland China at Guiyou Shopping Center in Jianguomen, Beijing. In the same year, it established a China Operations Management Center in Shunde, Guangdong to manage its business in Mainland China. . Since then, Chow Tai Fook's business in mainland China has entered a period of rapid development.
2001
On August 13, 2001, Chow Tai Fook and Wuhan Guomao Business Service Co., Ltd. jointly established Wuhan Xinfu Jewelry and Gold Co., Ltd. in Wuhan as a joint venture. Launched the first step of business in mainland China.
December 2002
Chow Tai Fook opened its 100th store in mainland China at Beijing Road Pedestrian Street in Guangzhou. In the same year, Chow Tai Fook, as the only brand in the jewelry industry, ranked among the "Top Ten Famous Brands in Hong Kong".
Reference for the above content: Baidu Encyclopedia - Chow Tai Fook
Baidu Encyclopedia - Chow Tai Sang Jewelry Co., Ltd.
Baidu Encyclopedia - Chow Sang Sang Group International Co., Ltd.
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