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

Titan Industries Sales +28%, Profits Soar in 4Q

11 may 2012

Titan Industries reported that net sales grew 28 percent year on year to $433 million (INR ‎‎22.82 billion) during the fourth-quarter that ended on March 31, 2012. The Mumbai-based ‎company noted that net profit rose 72 percent to $27.4 million (INR 1.44 billion)  after expenses increased by 25 percent to $396 million (INR 20.87 billion), Rapaport reported. ‎
The company reported that jewelry sales, including those from its flagship Tanishq brand, rose 30 ‎percent year on year to $341.5 million (INR 18 billion). Watch sales rose 25 percent to $78.5 million ‎‎(INR 4.14 billion).‎
During the full fiscal-year, Titan’s net sales increased 35 percent to $1.68 billion (INR ‎‎88.48 billion), while net profit jumped 39 percent to $114.1 million (INR 6.01 billion). The ‎company’s jewelry sales rose 40 percent year on year to $1.34 billion (INR 70.64 billion) and its watch ‎sales grew 20 percent to $291.9 million (INR 15.38 billion).‎
The company embarked on an aggressive expansion of its retail network ‎during the year by opening more than 200 stores across its watch, jewelry and eyewear product ‎divisions. Titan had a network of 827 stores as of March 31. ‎
‎''It has been a challenging yet fruitful year for Titan Industries Limited,'' concluded  Bhaskar ‎Bhat, Titan’s managing director. ''The company has moved on to a new platform of ‎performance as well as future expectations.''