Tse Sui Luen Jewellery (International) Limited provided consolidated earnings guidance for the year ended March 31,2024. For the period, the Group expects to record a significant loss attributable to owners of the Company of not less than approximately HKD 220 million (before any annual assessment on impairment of property, plant and equipment and provision for inventory) for the year ending 31 March 2024 as compared to the net loss attributable to owners of the Company of approximately HKD 71 million for the year ended 31 March 2023. The expected loss was mainly due to the significant decline in consumer demand for natural diamond jewellery in the Mainland market and the diminishing profit margins from the Group's transition to selling 24 karat gold products in a much higher percentage.

The Group is still in the process of transforming its business model to fit the drastically changing sales mix, which has involved considerable time and monetary investment before the profitability could be turned around.