Laopu Gold Co. expects a slower first-half revenue growth as demand for the Chinese luxury jeweler's products weakened in recent months amid dropping bullion prices.

The Hong Kong-listed company warned that its earnings expansion will decelerate in the first six months of the year, reflecting a broader slowdown in consumer appetite for gold jewelry. The retreat in bullion values has dampened investment-driven purchases while also reducing the urgency for discretionary luxury spending.

Laopu Gold, known for its high-margin ancient craft gold products, has benefited from China's gold rush in recent years as consumers sought safe-haven assets. However, the recent price correction has created a more challenging environment for premium jewelry retailers who rely on both investment and aesthetic demand.

Analysts note that while long-term fundamentals for gold remain supportive, near-term volatility in commodity markets poses headwinds for discretionary luxury segments. The company's ability to maintain pricing power and inventory turnover will be key metrics for investors monitoring the sector's resilience.