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Luk Fook Says Gold Product Demand May Slow on Prices

(Corrects to refer to gold product instead of jewelry in headline and first paragraph in story dated Sept. 7.)

Sept. 7 (Bloomberg) -- Demand for gold products may slow if prices surge, Luk Fook Holdings (International) Ltd. Chief Financial Officer Paul Law said in an interview with Bloomberg Television.

Some consumers may delay purchases, he said. Others may buy on expectations of further price gains, he said.

The Hong Kong-based jewelry maker sometimes adjusts prices “a few times” a day because of volatility in gold’s value, he said.

To contact the reporter on this story: Billy Chan in Hong Kong at bchan101@bloomberg.net

To contact the editor responsible for this story: Tan Hwee Ann in Hong Kong at hatan@bloomberg.net

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