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...


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

Senco Gold posts high revenue growth of 26% over the first nine months of FY2024

15 january 2024

Over the nine months ending December 31, 2023, Senco Gold the revenue growth was up 26% YoY, the company filing said.

The revenue uptick was helped by offers given by this gems and jewellery company on Dhanteras, Pujo and in the wedding season. Senco Gold also achieved almost 40% increase in footfall and a 6% increase in invoices which have contributed to this growth

Notwithstanding the rising Gold prices, the company achieved a 9% volume growth in Gold and 27% volume growth in diamond jewellery in line with past trends indicating the attractive potential in its core markets.

The Same Store Sales Growth (SSSG) contributed about 17% out of total 24% growth during the quarter while the 9 months SSSG accounted for 19% out of total 26% YoY growth.

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