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11 november 2024

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

Tiffany & Co’s revenue rise by 12% in Q2

29 august 2018
Tiffany & Co, a renowned American jewellery retailer, has announced a 12% rise in revenue to $1.1 bn in Q2 2018.
Net earnings of the company went up by 26% to $145 mn in Q2 from $115 mn a year earlier. Company’s sales in America jumped 8% y-o-y to $475 mn, in Asia Pacific the revenue rose 28% to $301mn in the period under review. Sales in Japan saw a rise by 11% to $155 mn, according to Rapaport.
The second consecutive “better-than-expected” quarter encouraged the management to raise its annual profit forecast.
“While in the early stages of addressing our six key strategic priorities, we are pleased with initial customer reactions to our new communication, product and in-store initiatives. The launch of Paper Flowers, a floral collection in platinum and diamonds, is moving toward full global distribution and we believe our evolved brand message is gaining momentum,” said Tiffany & Co CEO Alessandro Bogliolo.
The company focused on active marketing campaigns, such as product personalisatin, Christmas campaign, and innovative diamond ring concept. Bogliolo involved several celebrities to advertise Tiffany’s products.

Victoria Quiri, Rough&Polished