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

Signet's 3Q Sales -3%

11 november 2009

Signet Group's third-quarter sales fell 2.5 percent to $614 million and its same-store sales decreased by 1.9 percent, RAPAPORT reported. The jeweler's sales in the U.S. marketplace, which represent 75 percent of group sales, totaled $459.3 million, with its same-store sales down 2.4 percent. Signet's U.K. sales rose 4.4 percent in local currency, but in dollars, sales fell 4.8 percent to $154.3 million. Same-store sales in the U.K. were flat. 
Terry Burman, Signet's chief executive officer (CEO), said, "The sales performance in the third quarter saw an improvement over that of the second quarter. Same-store sales were broadly consistent throughout the period in both markets." 
The Christmas season sales outlook remains "very uncertain" on both sides of the Atlantic, according to the company. Third-quarter earnings will be announced on November 24, 2009. 
Sales during the first through third fiscal quarters at Signet, as reported in dollars, fell 6 percent overall to $2.1 billion. U.S. sales declined 2.2 percent to $1.6 billion for the period, with same-store sales down 3.5 percent. U.K. sales dropped 18 percent to $450.4 million, with same-store sales down 3 percent. Based upon constant exchange rates between the dollar and the pound, however, this percentage change reflects an overall sales drop of only 1.6 percent and a U.K. sales increase of 0.8 percent.