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

Titan reports strong revenues in Q4 FY ‘21 led by jewellery division

13 april 2021
Tata Group’s Titan Company has announced its quarterly update for the financial year 2021. After recording the best ever revenue in Q3, which was a festive season, the Company again recorded very strong revenues in Q4.
The jewellery division has emerged very strongly from the crisis and witnessed strong growth in the quarter making very good progress on recovery. The Company recorded strong revenue growth of 60% for the overall Q4 due to the low base of March '20, with revenue growth of over 36% in the comparable January & February months. Q4 reported revenue growth was further aided by a large B2B gold coin order that contributed ~8% of the growth.
For the International Business Division, the performance of its Dubai Boutique has exceeded the internal expectations and all the retail metrics are quite healthy. 
The jewellery division continued to see strong sales momentum in Q4, reflecting the strong market share gains. The sharp decline in gold prices during the quarter also gave impetus to the consumer demand for the industry. 
Wedding jewellery has been a strong growth driver for the year and its share in overall jewellery revenue has increased meaningfully, compared to last year.

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