Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

Richemont announces unaudited consolidated results for 6 months ending 30 September 2019

13 november 2019
richemont_logo_2.pngAccording to the company, sales increased by 9% at actual exchange rates to € 7,397 million and by 6% at constant exchange rates.
At actual exchange rates, sales were higher across all regions, distribution channels and business areas. Sales registered double digit progression in Japan and the Americas, and high-single digit growth in Europe and Asia Pacific. China, Korea, Japan, the US and the United Kingdom significantly outperformed other locations.
Wholesale sales were 2% higher than the prior year period, reflecting ongoing optimisation of external points of sales and continued rightsizing of inventories to end-client demand. Online sales grew strongly across all business areas.
Operating profit increased by 3% to € 1,165 million, reflecting higher sales and gross profit partly offset by controlled increases in costs.
Profit for the period reached € 869 million, broadly in line with the prior year period.

Alex Shishlo, Editor of the Rough&Polished European Bureau