“Only do business with clients who have impeccable integrity,” suggests Davy Blommaert, banker

Davy Blommaert heads the Diamond Business at National Bank of Fujairah, which falls under the bank’s corporate and institutional banking division. With nearly 10 years of experience in the diamond industry, he was tasked to establish a unit within NBF...

Yesterday

Russia’s export legislation is like a log on the road making it difficult to drive through

Eduard Utkin, General Manager of the Russian Jewellers Guild Association, which is a member of the Russian Federation Chamber of Commerce and Industry, answers the questions from Rough & Polished regarding the activities of the country’s professional...

11 march 2019

Botswana mum on new demands as negotiations with De Beers draw closer

Botswana said it will begin new diamond marketing and sales negotiations with De Beers in June or July this year. Mineral resources minister Eric Molale told Rough & Polished’s Mathew Nyaungwa on the sidelines of a mining conference in Cape Town, South...

04 march 2019

DLX-jewellery will focus more on colour stone designed pieces as well as diamond jewellery sets going forward - Jack Chen, General Manager, DLX-Jewellery

Graduating in International Business from an Institute in Sydney, Australia, in 2015, Jack Chen returned to China to start managing his family-owned jewellery business. Besides holding a certificate in a practical diamond course at Gemological Institute...

25 february 2019

Ali Pastorini: “We have to change a little the way to sell the idea that buying jewelry is just for glamour”

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...

18 february 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