Ellah Muchemwa: ADPA to launch Africa's first diamond mining standard next year

The African Diamond Producers Association (ADPA), which is based in Luanda, Angola, and represents the interests of mainly African diamond producers and those with the potential to produce diamonds, will next year launch the Sustainable Development...

04 november 2024

Dmitry Fedorov: I want our jewelry to be displayed at a museum in the future

Dmitry Fedorov is the founder of the eponymous jewelry house. His main focus is the creation of Orthodox-inspired premium luxury jewelry of high artistic merit. He told Rough&Polished about his journey in the jewelry industry, about choosing the ‘Orthodox...

28 october 2024

Responsible business practices ‘no longer optional’, says WDC President Feriel Zerouki

The president of the World Diamond Council takes time out of her busy schedule to tell Rough&Polished readers about the critical work of the WDC. Zerouki, the first female present of the body, which includes all the important industry organizations among...

14 october 2024

James Campbell: Botswana Diamonds optimistic as it enters uncharted territory of using AI for mineral exploration

London-listed Botswana Diamonds has expressed optimism about the company’s use of artificial intelligence (AI) to scan the exploration database in Botswana to look for new mineralised deposits. Company managing director James Campbell told Rough...

07 october 2024

Artur Salyakayev: For me, happiness is freedom to make my ideas happen and create valuable products

Artur Salyakayev is an art entrepreneur, founder of the International Jewelry Academy (IJA) and the INCRUA jewelry company. He has initiated and developed successful projects in jewelry industry and services sector. He is also a leading expert...

30 september 2024

Titan's jewellery business up 55% in Q4 FY2017

17 may 2017
Titan Co. Ltd’s jewellery business, which accounts for a lion’s share of its revenue and profits, did well in the December quarter despite demonetization. That impressive run has continued in the March quarter—in fact, growth has been better this time around.
Revenue from the jewellery segment increased a handsome 55% year-on-year for the March quarter and accounted for 82% of its total revenue. Jewellery revenue increased 15% in the December quarter. Volume, or grammage, growth was 37% in the March quarter, much better than the 4% growth in the December quarter.
Successful studded jewellery activation of promotions last quarter helped, but the base was favourable considering that jewellery activation had started in December of financial year 2016. Further, mandatory permanent account number (PAN) card for purchases above Rs 2 lakh and a strike related to the imposition of excise duty had cumulatively impacted walk-ins and sales in the March 2016 quarter.

Aruna Gaitonde, Editor-in-Chief of Asian Bureau, Rough & Polished