China's premier fine jewellery brand Lao Feng Xiang will open its first Canadian location at 1016 Alberni Street in Vancouver's 'Luxury Zone'. Lao Feng Xiang replaces another jeweller, Pandora, which recently secured new retail space at nearby Pacific Centre.

Sources in New York City confirm that more details on Lao Feng Ziang's Vancouver store will soon follow.

Founded in Shanghai in 1848 (during the Qing Dynasty), Lao Feng Xiang retails fine jewellery featuring gold, silver, diamonds, coloured gemstones, jade, pearl and enamel, as well as a robust bridal business. The company has over 2,700 retail stores throughout Mainland China and one in Sydney, Australia. Its first North American location, measuring an impressive 6,100 square feet, recently opened on New York City's Fifth Avenue.

Lao Feng Xiang will locate next to luxury watch brand Jaeger-LeCoultre. LeCoultre will replace luxury legwear and knitwear brand Fogal of Switzerland, which shuttered its Vancouver store in August before exiting Canada entirely.

Vancouver's Alberni Street is seeing a number of new luxury brands, several which will open near Thurlow Street. We'll reveal a number of these brands over the next several weeks. These new retailers join existing luxury boutiques such as Hermes, Louis Vuitton, Tiffany & Co., Montblanc, Gucci, De Beers, Escada, Burberry and others. A 7,000 square foot Christian Dior flagship will also open this spring at the nearby Fairmont Hotel Vancouver.