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...

16 april 2024

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

Kalyan Jewellers revenue up 40% in Q3 FY 2024 for Indian operations

10 january 2024

The recently concluded quarter has been a very satisfying one for Kalyan Jewellers with robust momentum in both footfalls and revenue across all markets in India and the Middle East. The recently concluded quarter recorded consolidated revenue growth of over 33% when compared to the same period in the previous financial year.

Kalyan Jewellers saw revenue growth of more than 40% for its India operations during Q3 FY2024 as compared to Q3 FY2023, led by robust operating momentum on the ground with healthy same-store-sales growth, similar to levels seen in Q2 FY2024 across all the key markets in the country.

The brand added 22 net new ‘Kalyan’ showrooms in India during the recently concluded quarter. While only 16 of these were under the FOCO (Franchisee Owned Franchisee Operated) model, Kalyan expected the company-owned showrooms launched during the previous quarter to be converted to FOCO during the ongoing quarter.

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