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

Asian Star's 4Q Sales +24%, Profits Drop

31 may 2012

Asian Star Co. Ltd. reported that group net sales rose 24 percent year on year to $92.7 million (INR 5.13 billion) during its fourth fiscal-quarter that ended on March 31, 2012. Sales were driven by growth in its cut and polished diamond and jewelry business. Net profits, however, fell 30 percent to $2 million (INR 110.7 million), Rapaport reports.
Sales at the company’s cut and polished diamond segment increased 16 percent to $82.2 million (INR 4.55 billion). The company, which retails its jewelry under Shagun Jewels, reported that jewelry sales more than doubled to $18.5 million (INR 1 billion) from $8.6 million (INR 475.3 million) a year earlier.
Total expenditures rose 28 percent to $89.5 million (INR 4.95 billion) during the period. Asian Star has manufacturing centers in Surat, Mumbai and Hosur in India for diamond processing and jewelry manufacturing.
For the fiscal year, Asian Star’s net profit rose 10 percent year on year to $7.5 million (INR 414 million) while net sales increased 10 percent to $331.8 million (INR 18.35 billion).