Ali Pastorini: Challenges make us think out of the box and be closer to customers

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together more than 1,000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

Yesterday

Today’s customer needs an offer of something unique that others do not have

Oksana Senatorova is the publisher of the Jewelry Trade Navigator magazine and the founder of the Jewellery Business Academy.
She graduated from I. M. Sechenov Medical Academy and the Faculty of Psychology of Lomonosov Moscow State University...

09 january 2020

Inventories accumulated by De Beers, ALROSA to put ceiling on prices near-term even if demand substantially picks up – Zimnisky

As we are in the last month of 2019, it is prudent to examine what the diamond industry went through and the possible trajectory in the upcoming year. Industry expert, Paul Zimnisky spoke with Rough & Polished’s Mathew Nyaungwa to discuss this and other...

30 december 2019

Empowering customers and engaging more with our stakeholders is the new Mission

The unassuming Govindbhai Laljibhai Dholakia, Chairman, Shree Ramkrishna Exports Pvt Ltd (SRK) is not just an ace businessman but a noted philanthropist. He has contributed immensely to social welfare with special focus on education … a noteworthy...

23 december 2019

‘Dubai has proven to be a great port for diamond tenders’

Stargems, which was established by Shailesh Javeri in 1981, has been involved in the trading of rough diamonds and is now also into manufacturing, wholesaling, retailing, tendering of diamonds and diamond jewellery. Although, the company has operations...

16 december 2019

Titan’s jewellery division grows 13.3% in Q1 FY 2019-20

13 august 2019
news_15052018_titan.pngTitan Company Ltd’s financial results for Q1 of FY 2019-20 indicates growth by 14.5% in the period to $ 734.28 mln from $ 641.69 mn achieved in Q1 2018-19.  Profit before tax for the same period increased to $78.61 mn from $73.20 mn in the same quarter in FY 2018-2019.
The Jewellery division’s income for Q1 FY 2019-20 stood at $608.32 mn recording an income growth of 13.3%, as compared to $536.92 mn registered last year. The company however states that growth in the jewellery segment was adversely impacted by high gold prices, especially during the month of June 2019.
Bhaskar Bhat, Managing Director of the Company commented: "The macro-economic environment coupled with lower consumption, have impacted some of our businesses. The retail growth in jewellery was driven by encouraging performance in the studded as well as wedding jewellery segments. However, there has been a weak consumer sentiment prevailing across, especially in jewellery with additional factors like price volatility and customs duty increase. The Company is gearing up on all fronts across its portfolio of brands and businesses to stimulate demand in the coming quarter through innovative campaigns and new product launches.”

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