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...

Today

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

LJ Intl.'s FY Sales +30%, Profit -22%

04 may 2012

LJ International reported fiscal-year 2011 operating revenue of $182.2 million, a year-on-year increase of 30 percent for the period that ended on December 31. Cost of goods sold rose 13 percent to $92.7 million. Wholesale revenue increased 12 percent to $69.4 million, but retail sales surged 44 percent to $112.8 million in large part due to its ENZO retail chain expansion in China. Profit fell 22 percent to $10.1 million, however, net income attributable to shareholders plunged 72 percent to $3.7 million or 7 cents per share, Rapaport reported.
By region, revenue rose 17 percent year on year from both the U.S., at $49.5 million and Canada, at $3.3 million. Sales from Europe and other countries slid nearly 5 percent to $15.9 million, while Japan's sales were baiscally flat at $1.3 million.  LJ International's main source of revenue comes from Mainland China, Hong Kong and Macau, where sales jumped 44 percent year on year to $115.2 million.