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

Finlay 4Q Sales -20% But Fiscal Year Sales +3%

06 february 2009

Finlay Enterprises reported Thursday that its sales in the fiscal fourth quarter ending January 31, 2009, fell 20 percent to $306.7 million. Comparable store sales fell 15 percent, but when excluding counters that Finlay closed at Macy's and Lord & Taylor, same-store sales fell 20 percent, RAPAPORT reported. Finlay said sales at its specialty jewelry stores, consisting of Carlyle, Congress and Bailey Banks & Biddle, which was acquired in November 2007, fell 32 percent to $99.1 million for the fourth quarter.
For the full fiscal year ending January 31, Finlay's sales increased 3 percent to $862.6 million, driven by its specialty stores, where sales rose 38 percent to $309.7 million during the year. Comparable store sales fell 11 percent, or by 12 percent excluding the Macy’s and Lord & Taylor counter closures.