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...


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

Renaissance Jewellery's 3Q Sales +42%, Profit Surges

18 february 2014

Renaissance Jewellery Ltd. reported that revenue surged 41.9 percent year on year to $58.3 million (INR 3.63 billion) in the third quarter that ended on December 31. The manufacturing firm's expenses jumped 37.9 percent to $55.1 million (INR 3.42 billion) and profit grew to $2.4 million (INR 153 million) from $350,000 (INR 23 million) one year ago, Rapaport reported.
Similarly, Renaissance Jewellery's results were equally as strong for the first three quarters of its fiscal year.  Revenue rose 40 percent to $125 million (INR 7.77 billion), expenses jumped 40 percent to $119 million (INR 7.41 billion) and profit increased 87 percent to $4.1 million (INR 253 million).
Renaissance Jewellery manufactures and sells studded jewelry in gold, silver, platinum, polished diamonds and precious color stones, and it counts Walmart, Zale, J.C. Penney, Signet, Kohl’s, Sears and ShopNBC among its clients.