Vladimir Zboykov: New times have come for jewelers

How a personal collection of minerals was thrown on the scrap-heap, who is behind the destruction of gemstone consumption culture in Russia and why jewelers will soon have to choose between business and prison – all this was told to Rough & Polished...

Yesterday

Changing preconceptions in the diamond and financial markets

Eli Avidar is a man on the move…literally. In April, the former Israeli diplomat stepped away from the CEO’s office at the Israel Diamond Exchange, a position he had held for more than two years, and from the Israel Diamond Institute, where he had been...

13 august 2018

Chasing a dream…

Elina Chan, MD of Shenzhen Shi Qing Yu Zhubao Ltd completed her higher education from Xiamen University and Master’s degree from Hong Kong University. To achieve her dream to start a business, Elina gave up numerous job opportunities in Hong Kong and...

06 august 2018

Pangolin Diamonds using termites to find kimberlite indicators in Botswana

It is not a secret that the rate of kimberlite discovery in Botswana has dropped considerably and research has shown that termites can help diamond explorers have an understanding of the transport mechanism of kimberlite indicator minerals from the kimberlite...

30 july 2018

In another fifty years, we’ll have a different scale of valuation, and all those items of natural origin – including diamonds – will sharply increase in price

Within the framework of the Qatar-Russia 2018 Year of Culture, the World Diamond Museum hosts an exhibition of the Qatar Museums at the State Historical Museum in Moscow – "Pearls: Treasures of the Seas and the Rivers," that opened on 11 July...

24 july 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