“We are building a new state-of-the-art tender facility,” says Ahmed Bin Sulayem, Executive Chairman, DMCC

Ahmed Bin Sulayem certainly needs no introduction being widely popular globally as one of the leaders of modern Dubai. As the Executive Chairman of DMCC, Ahmed Bin Sulayem has played and continues to play a key role in establishing and positioning DMCC...

20 may 2019

De Beers scaling up Tracr ahead of formal launch

De Beers tracked 100 high-value diamonds along the value chain during the pilot of Tracr™, its industry blockchain platform, for the first time in May last year. A De Beers spokesperson Bianca Ruakere told Rough & Polished in an exclusive interview that...

13 may 2019

The perfect couple - platinum and diamonds

The Jewelry House of Leon Megé located in New York has long been firmly established in the jewelry market as a source of magnificent jewelry, in which platinum and diamonds often sparkle being married together and attracting everyone’s eyes, but are...

06 may 2019

The technology of growing single-crystal diamonds has now become industrial in nature

It is believed that the reserves of natural diamonds will be exhausted by the middle of the century, and therefore production of synthetic diamonds is rapidly gaining relevance. According to Business Insider India’s estimates, the global synthetic diamond...

29 april 2019

De Beers only selling Elizabeth Bay Mine in Namibia, move to sustain operations beyond 2019

Namdeb Holdings, a 50/50 joint venture between the Namibian government and De Beers is not selling Daberas, Sendelingsdrift and Southern Coastal mines in the southern African country. It had been alleged that Namdeb was planning to close and offload...

22 april 2019

Titan registers strong Q3 for jewellery segment


11 january 2019

news_15052018_titan.pngIndia’s Titan Co Ltd has reported a strong same-store sales growth for its jewellery division-Tanishq during the quarter ended December 31, 2018. The Company expects full-year growth in the jewellery business to be around 22%.
According to the company, the Q3 performance reflected its continuing gain in market share. While the expansion of the store network continued as planned, Titan expects to benefit from the rising aspirations of Indian consumers to make purchases from leading brands. The company reports buoyant demand during Diwali, Dusshera during the third quarter.
Tanishq has opened 27 new stores, for a net retail space addition of approximately 65,000 sq ft while three stores have been closed for the year to date.Titan further stated that its CSR campaign under “ECHO” taken up in collaboration with Tata Group has been successful.

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