Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...


GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

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

Damas Reports Loss in 1H

18 december 2009

United Arab Emirates (UAE) jewelry retailer Damas International reported a loss of $195 million (AED 714.9 million) for its first half that ended on September 30 after showing profits of $25 million (AED 91.1 million) one year ago and said it had launched a restructuring program. The company said the loss stemmed mainly from hefty provisioning for inventory and receivables exposure, which amounted to $66.2 million (AED 243 million), and a considerable debt load, RAPAPORT reported.
Damas released its interim statement in order to resume trade on NASDAQ Dubai after its shares were suspended on November 25. First-half revenue plunged 35 percent to $465 million (AED 1.7 billion). Damas said it had started a restructuring led by new chief executive officer (CEO) Hisham Ashour. Details will be announced later, the company said, adding that the program was mainly aimed at strengthening its gold and diamond jewelry retail business in the Middle East.