“Get Diamonds” platform will soon be available in Russian, Hindi, Arabic and any other languages as per demand from any countries

A first-generation diamantaire Yoram Dvash, currently serving as the Acting President at World Federation of Diamond Bourses (WFDB) and the President of the Israel Diamond Exchange (IDE), launched his diamond manufacturing and trading...

Today

Sustainability is the only way forward - Rahul Jauhari

Rahul Jauhari, Sr Vice President of Global Sales & Marketing, Star Rays, has forged ahead professionally for more than 14 years garnering experience in Business Development, Luxury Lifestyle Consultancy, Market Analysis, Global Fashion / Luxury trend...

18 may 2020

Keeping global supply chains functioning vital – De Beers

Diamond giant, De Beers has said that it is essential to keep global supply chains functioning in view of the substantial impact of Covid-19 on the industry. Group spokesperson David Johnson told Rough & Polished’s Mathew Nyaungwa in an exclusive interview...

11 may 2020

Gabon courts foreign investors to grow fledgling diamond sector

Diamond production in Gabon, which has been a member of the Kimberley Diamond Certification Process since 2018, is currently dominated by artisanal miners. The artisanal miners are producing about 300 carats per month, according to Gabon’s director of...

05 may 2020

TaTe Diamonds - a Namibian diamond company specialized in Namibian rough

Armed with degrees in Economics and Commerce and an MBA - specialized in Strategic Planning & Business Development, taShi Shiimi-ya-Shiimi is an executive, possessing many years of global experience in Information Technology and Strategic Management...

27 april 2020

Richemont announced it audited results for the year ended 31 March 2020

18 may 2020

richemont_logo_2.pngRichemont, the Swiss luxury goods group, announced its audited consolidated results for the year ended 31 March 2020. 
Group sales for the year increased by 2% at actual exchange rates to € 14 238 million and were stable at constant exchange rates. Growth was driven by Online Distributors and Jewellery Maisons. Good performances in the Americas, Europe and Japan more than offset a decline in Asia Pacific.
Operating profit decreased by 22%, mainly due to the Covid-19 pandemic. Profit for the year declined by 67% to € 931 million. Due to the constant safeguarding of liquidity, Richemont balance sheet remains healthy. At 31 March 2020, Richemont gross cash position amounted to € 6 347 million and its net cash position was € 2 395 million.

Alex Shishlo, Editor of the Rough&Polished European Bureau