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Ali Pastorini: Selling just the idea of glamour is no longer enough

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together approximately 1000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

21 may 2018

Diamonds are shifting from occasional to daily wear

Joy Alukkas started his first jewellery showroom in UAE in the year 1987, and today the Joyalukkas Group is a multi-billion global conglomerate with varied business interests. Beginning with a single jewellery room in Abu Dhabi, Joy Alukkas has grown...

14 may 2018

GJC has played a crucial role in the last 10 years in improving the compliance level in the industry

Coming from a renowned family of jewellers based in Akola, Maharashtra, Nitin Khandelwal heads Khandelwal Jewellers (Akola) Pvt Ltd. He has interests in the Plastic industry, Real estate, Health & Recreation and Cold storage industries as well...

07 may 2018

Johnson: ASM diamond sector a potential new source of supply for De Beers

De Beers recently said that it is planning to pilot a programme called GemFair that will create a “secure and transparent route” to market for ethically-sourced artisanal and small-scale mined (ASM) diamonds. GemFair would partner with the Diamond...

03 may 2018

Zimnisky: Hard to protect lab-diamond price as production methods, economics improve

Paul Zimnisky, an independent diamond industry analyst and consultant, said it will be very difficult for the lab-diamond manufactures to protect price as production processes and economics improve. He told Rough & Polished’s Mathew Nyaungwa in an exclusive...

23 april 2018

Titan Q4 profit soars 70.86%

15 may 2018
news_15052018_titan.pngTitan Co Ltd’s net profit soared 70.86% as the watches business division recorded its highest-ever profit, even as the jewellery segment continued to be the major driving force behind the company’s overall growth rates.Consolidated net profit at the company grew to $45.76 mn during the fourth quarter of 2017-18, up from $26.78 mn a year ago. Revenue grew 11.7% to $ 620.148 year-over-year.
“The Company achieved excellent top-line and bottom line growth in the jewellery and watches business. The jewellery business scaled new heights in terms of revenue growth and profitability. The business gained from tailwinds provided by regulatory developments like GST,” Bhaskar Bhat, managing director of Titan.
Jewellery accounted for over 80% of Titan’s total revenue in 2017-18. Titan – with its Tata Group backing - has since been listed by analysts as the jewellery company that stands to gain the most from the ensuing chaos in the sector, in the organised as well as the unorganised space. Profits at Titan’s jewellery segment jumped 60% to $ 63.835 mn during the January-March quarter. Revenue from the sales of jewellery, mainly sold under its Tanishq brand, grew 13.6% to $ 444.24 mn.

Aruna Gaitonde, Editor in Chief of Asian Bureau, Rough&Polished

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