Varvara Dmitrieva: The jewelry industry of Yakutia is distinguished by its creativity, unique cultural code and conservation of traditions

Varvara Dmitrieva, Associate Professor and Head of the Department of Precious Stones and Metals Processing Technologies of the North-Eastern Federal University, told Rough&Polished about the results of the Forum of jewelry Craftsmanship and the prospects...

Yesterday

Valery Budny: There is no strategy and legislation in Russia enabling the full cycle processing of precious raw materials within the country

Valery Budny, Head of the Jewelry Russia program and CEO of the JUNWEX media holding, told Rough&Polished about the results of the meeting and pressing issues in the precious metals and precious stones (PMPS) and the jewelry sectors.

11 april 2024

Paul Zimnisky: Natural diamonds face the risk of eroding their appeal if constantly discounted

New York-based independent diamond and jewellery analyst and consultant Paul Zimnisky told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that the industry should do away with discounts. He said the industry should treat natural diamonds...

01 april 2024

Edahn Golan: Lab-grown diamond prices to continue declining

In an exclusive interview with Rough&Polished's Mathew Nyaungwa, Edahn Golan, proprietor of the eponymous Edahn Golan Diamond Research and Data, predicted that the prices of lab-grown diamonds would continue to decline, especially at the retail and...

25 march 2024

ADPA’s Ellah Muchemwa: G7 restrictions to bring extra costs from diamond mining to retail

The African Diamond Producers Association (ADPA), which has openly registered its disdain for the G7’s rough diamond trade restrictions, is of the opinion that the move will bring extra costs on all stages, from mining to retail. ADPA executive...

18 march 2024

Titan posts 20% YoY revenue growth in June quarter; adds 68 new stores in Q1

17 july 2023

Tata Group's Titan Company Ltd recorded a revenue growth of 20 per cent Y-o-Y in the Q1 FY24. A total of 68 stores were added during the quarter taking the retail presence to 2,778 stores, as per media reports.

The Jewellery division, delivered a satisfactory performance growing 21 per cent Y-o-Y in Q1 FY24.

"Despite significant volatility in gold prices throughout the quarter, Akshaya Tritiya sales in April and wedding purchases in June were robust. The key categories of gold and studded grew well with no notable change in the overall product mix. New store additions, Golden Harvest and exchange programs continued to do well during the quarter," the company mentioned.

Watches & wearables division's 13 per cent YoY growth comprised of 8 per cent growth in analog watches segment and 84 per cent YoY growth in wearables.

"Brand Titan and international brands saw strong buying momentum clocking handsome doubledigit growths," Titan mentioned.

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