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

Kalyan Jewellers narrows consolidated loss to $6.94 mn in Q1

16 august 2021
Kalyan Jewellers, with outlets in India and the Middle East, has reported a narrowing of its consolidated loss to $6.94 mn for the quarter ended June. The consolidated loss of the company stood at $11.56mn during the corresponding quarter of 2020-21, according to reports in the media.
The company's retail footprint is spread across 146 stores in 21 states in the country and four countries in the Middle East. Revenue from operations of the company witnessed a growth of 109.19 per cent during the quarter under review at $ 220.41 mn compared to $105.36 mn during the corresponding period of the previous fiscal.
The company said the growth in revenue was primarily driven by robust sales momentum across stores both prior to, and post lockdowns in the recently concluded quarter, as well as a low base in the last financial year. While the India revenue grew by 94 per cent, the Middle East growth was 183 per cent, it added.

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