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

Pandora Anticipates Revenue Growth of 35%

24 january 2014

Pandora's preliminary revenue projections for the fourth quarter indicated that sales jumped 30 percent year on year to $509 million (DKK 2.8 billion), Rapaport reports. The jeweler chain estimated that revenue for 2013 rose more than 35 percent to $1.63 billion (DKK 9 billion) and it anticipates gross margin of 67 percent compared with 66.6 percent in 2012. Pandora closed 2012 with no improvement in revenue compared with the previous year and it also reported that earnings plunged 41 percent to $211 million. Previous guidance from Pandora for 2013 anticipated revenue of about $1.6 billion.
Pandora concluded that Christmas season sales were stronger than expected and it was able to open 10 more ''Concept'' store formats than originally planned to accommodate consumer interest in its jewelry products.
Pandora's CEO, Allan Leighton, said, “Following a strong finish to the year, with better than expected Christmas sales, we will end 2013 with around 35 percent revenue growth and a substantial increase in profitability compared to 2012.”
Same-store sales from Pandora's Concept stores in the fourth quarter rose 5.1 percent at U.S. locations, surged 17.9 percent in the U.K., improved 5.7 percent in Germany and jumped 25.5 percent in Australia. Capital expenses were $18 million less than expected at $55 million, but that figure excluded a one time payment of $35 million (DKK 190 million) for the intellectual property rights of Trollbeads A/S as well as the investment related to the acquisition of the distributor in Brazil.
Pandora expects to release its full financial report on February 18.