Chinese jewelry retailer Laopu Gold announced it will raise product prices on August 25, marking its third price increase of 2025. Following the announcement, shares rose 3.17% to HK$780 ($99.6), giving the company a market cap of HK$134.7 billion ($17.2 billion). The move comes despite China’s overall gold consumption falling 3.5% YoY in H1 2025 to 505.2 tonnes. Laopu Gold reported estimated H1 sales of 14.3 billion RMB ($1.97 billion), up 252% YoY, with adjusted net profit rising 292% to 2.36 billion RMB ($325 million). In June, it opened its first overseas store at Marina Bay Sands in Singapore.