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...

Yesterday

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

Richemont's Sales +13% Before 1H Ends

11 september 2012

Richemont reported that sales rose 13 percent year on year at constant-exchange-rates during a five month period ending on August 31, 2012. The company noted that the weakening of the euro ‎against the dollar had a positive impact on group sales, Rapaport reports.‎
Sales in Europe rose 19 percent driven by steady retail purchases from tourist destinations in the ‎region. Sales in the Asia-Pacific region increased 12 percent, while sales in Japan rose 4 ‎percent. Sales in the Americas grew 6 percent, representing a slower rate of growth from the previous year partly due to the timing of exceptional sales in the comparative period.‎
Overall retail sales grew 15 percent reflecting a good performance in existing boutiques as well ‎as the opening of new boutiques, notably in the Asia-Pacific region. Wholesale sales increased ‎‎10 percent.‎
Sales at Richemont’s jewelry maisons division, which includes Cartier and Van Cleef and ‎Arpels, grew 12 percent while sales at the company's specialist watchmakers rose 16 percent. ‎
The company expects its operating profit for the first half to rise between 20 percent to 40 percent ‎when the full results are published on November 9.