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

TBZ's Revenue -19%, Profit -97%

14 august 2014

Tribhovandas Bhimji Zaveri (TBZ) Ltd. reported that revenue dropped 18.9 percent year on year to $70.4 million (INR 4.32 billion) in the first quarter that ended on June 30. The company's profit plunged 97.4 percent to $84,974 (INR 5.22 million). The company held expenses down by 15 percent to $68.6 million (INR 4.212 billion), Rapaport reported.
Shrikant Zaveri, TBZ's chairman, explained that the company successfully steered through one of the toughest times experienced over the past several years as a result of severe regulatory pressures exerted on the industry in India. However, he noted that the company has emerged stronger and is gaining from the improving economic sentiment in the current year.
"Under the current situation, we remained focused on growth of sales, while keeping operating costs and debt within acceptable limits. However, with a high base of an extraordinary first quarter of fiscal 2014, it was difficult to display topline growth," he said.
The company hopes to stimulate consumer demand during the current fiscal year through innovative strategies. TBZ will also slow its store expansion strategy and will rather remain focused on improving the performance of its existing stores through enhanced customer footfalls and steady margins.