Diamond prices remain steady despite sanctions imposed against ALROSA -Zimnisky

Sanctions imposed against ALROSA only resulted in the smaller gem and near-gem quality goods outperforming other categories in recent months, according to an independent diamond analyst Paul Zimnisky. He told Rough&Polished’s Mathew Nyaungwa in an exclusive...

27 june 2022

Most people see great potential in the growth of LGD jewelry market

Currently Wayne Wang-Wang Yichun is the General Manager, LUSANT - Incubation Project Management Department of Yuyuan Jewelry Co., Ltd. He was the General Manager of Shanghai Yuyuan Jewelry Co., Ltd - A Fosun Group Company; and General Manager of international...

20 june 2022

De Beers sees good potential for exploration activities in Angola

De Beers recently signed two mining investment contracts (MICs) with the Angolan government for licence areas in the provinces of Lunda Norte and Lunda Sul. The MICs for the two licence areas are for the award and exercise of mineral rights covering...

13 june 2022

Ali Pastorini: The jewelry consumer does not evaluate the brand only by price

Ali Pastorini is the co-owner of Del Lima Jewelry and President of Mujeres Brillantes, an association that 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...

06 june 2022

“We aim to bring in a different kind of a jewellery experience for the consumers,” says Vaishali Banerjee, Managing Director, PGI-India

Vaishali Banerjee made a shift from the advertising and marketing industry to the jewellery industry to create category awareness for a metal that was lesser-known in the subcontinent. Initially, it was all about category creation in a vibrant, mature...

30 may 2022

Titan reports profit of Rs 232.68 billion in fiscal 2022

16 may 2022
Indian jewelery maker Titan, part of the TATA Group, has reported a profit of Rs 232.68 billion in fiscal year 2022. This will allow Titan to increase its core jewelry business by a factor of 2.5 in the course of five years opening more than 600 jewelry stores in 300 cities within the next three years, according to Titan’s statement at a presentation prior to the investor forum held in Mumbai.
Titan foresees strong growth prospects across geographic markets and will look to increase its market share in bridal and solitaire jewelry. It also aims to unlock the potential of its low-cost jewelry brand, Mia, by expanding its store count from 275 to 550 in fiscal 2025 and boosting its sales to Rs 20 billion.
Titan has been one of the biggest beneficiaries of the shift from unorganized to organized jewelry business. The company has managed to outperform other major jewelers and expects this trend of gaining larger market shares to continue contributing to its long-term growth.