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

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

Swatch Group Revenue +9%, Profit -12%

28 july 2014

Swatch Group's sales increased 8.5 percent year on year to $5 billion (CHF 4.535 billion) at constant exchange rates in the first half year that ended on June 30, Rapaport reported. An overvalued Swiss franc strengthened further against currencies in all of the group’s important sales regions, negatively impacting revenue by $200 million (CHF 188 million) or 4.5 percentage points. Swatch Group's profit fell 11.5 percent year on year to $754 million (CHF 680 million).
In the watches and jewelry segment, Swatch Group recorded sales growth of 8.8 percent at constant rates and 4.3 percent at current rates. Harry Winston made further significant investments in a wider product range and an increased availability of high-end jewelry, as well as in the new watch collection which was presented at Baselworld 2014 and which will be available in its retail stores in the second half of 2014. The brand also invested in renovation of its retail stores.
The electronic systems segment was exposed to the overvalued Swiss franc, particularly against the dollar and yen. Sales fell 2 percent year on year to $162 million (CHF 146 million).
Swatch Group employed over 34,000 as of June 30 and inventory totaled $6.35 billion (CHF 5.729 billion) as the company increased the level of semi-finished and finished products. Swatch anticipates that all of its operating segments will experience a promising second half of 2014, particularly in the U.S. and Japan.