Unifying role is the main objective of the National Gemological Association

Yuri Shelementiev runs the Gemological Centre (GC) at the Moscow State University and is a president of the National Gemological Association (NGA) uniting the gemologists of Russia. The head of the MSU’ GC and the NGA answered the R&P’s...

15 july 2019

“Our goal is to bring clarity to the offering of Lab Grown Diamonds”, asserts Chris Casey, President, Lab Grown Diamond Council

Chris Casey is a 15-year veteran of the diamond and jewelry industry.  Chris also has extensive experience in market research as Founding Managing Director of the NPD Diamond and Diamond Jewelry Service where his responsibility included the...

08 july 2019

Dr. Michael S. Krzemnicki: Our dedication to scientific research is an important foundation to our expertise

Dr. Michael S. Krzemnicki, PhD, Director of the Swiss Gemmological Institute SSEF, in an interview with R&P told about the activities and plans of one of the world's leading Gemological laboratories specializing in scientific research of diamonds...

01 july 2019

“Lab-Grown Diamonds is probably the biggest scam this industry has ever seen,”: Leibish Polnauer, Founder-President, Leibish & Co.

An interesting story from the Leibish & Co takes you way back to the year 1979 when young Leibish Polnauer, then a diamond polisher, was travelling to London, having just found out that the factory at which he worked had been shut down. He found an advertisement...

24 june 2019

Botswana mining industry players speak on speculative exploration licences

Speculative mineral exploration licences was a recurring theme from presentations made by three players in Botswana mining industry at a conference convened in Gaborone. The country has issued thousands of exploration licences, across the mining industry...

17 june 2019

Titan’s jewellery division negatively affected in Q1 FY due to high gold prices

11 july 2019
news_15052018_titan.pngTitan Company Limited, a Tata Group company, has announced for the first time that it has been negatively affected by the current market conditions. While providing an update on its performance for Q1 FY 2019 -20, Titan’s statement said that the quarter witnessed a tough macro-economic environment with consumption being hit. 
Very high gold prices particularly in June also impacted growth in the jewellery industry. Against this background, the Company's growth particularly in the jewellery segment was lower than planned even though the gains in market share were sustained.
Titan’s Jewellery Division’s revenue grew by a slow 13% approximately during Q1, as sharp increase in gold prices dented consumer demand significantly in the month of June, according to the company. However, wedding jewellery and studded jewellery witnessed decent growth in the quarter, while sales on the auspicious occasion of ‘Akshaya Tritiya’ were reportedly quite good. Titan’s statement also added that the division added 12 Tanishq stores on both gross and net basis during the quarter, with the retail space addition being approximately 34,000sq. ft.

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