Net profit of the world-famous jewelry company Tiffany & Co. by the end of February-October this year grew by 20% and amounted to approximately $ 285 million, earnings per share for the quarter exceeded forecasts of analysts, it follows from the company's press release.
Net profit in terms of one ordinary share for the reporting period was $ 2.23 compared to $ 1.87 per share for the nine months of 2012-2013 fiscal year, PRIME reports.
Sales of Tiffany for the period increased by 7% and amounted to $ 2.7 billion. Sales in the Americas grew by 1%, in the Asia-Pacific region - by 14%, in Europe - by 6%, while sales in Japan fell by 9%.
Tiffany's net profit for the quarter increased 50% to $ 94.6 million. Earnings per share were $ 0.74 compared to $ 0.5 for the same period last fiscal year, while the company's sales grew 7% to $ 911 million. Meanwhile, analysts expected earnings of $ 0.58 per share and revenues of $ 888 million.
Sunday, April 29, 2018
The US consumer price index (CPI) for jewelry in October 2013 slightly decreased by 0.4% on a year-on-year basis to 177.72 points, Rapaport reports. The index was three points below the average in September 2013. Record high CPI was registered in January 2012 and was 183.19 points. The average CPI value for the first ten months of the year (177.97 points) was 0.3% lower than the corresponding indicator for January-October 2012.
Taking into account the data for October, CPI exceeded the average mark of 170 points for 34 consecutive months, a stable trend towards inflation persisted.
CPI for jewelry reached a record level of 183 points in early 2012, but after that, throughout 2012, prices for diamonds, gold and platinum declined. As of October, gold prices fell by 27% on a year-on-year basis, and platinum fell in price by almost 13%.
In October, the RapNet diamond price index (RAPI) for certified 1 carat stones fell by 5.3% on a year-on-year basis, prices for diamonds of 3 carats decreased by 3.3%, and diamonds with a weight of 0.5 carats fell by 2 ,5%. Meanwhile, diamonds weighing 0.3 carats rose in price by 6.6%, according to RapNet.
The general index of consumer prices for all categories of products in September increased by 1% in the year-on-year terms and reached 233.81 points.
Taking into account the data for October, CPI exceeded the average mark of 170 points for 34 consecutive months, a stable trend towards inflation persisted.
CPI for jewelry reached a record level of 183 points in early 2012, but after that, throughout 2012, prices for diamonds, gold and platinum declined. As of October, gold prices fell by 27% on a year-on-year basis, and platinum fell in price by almost 13%.
In October, the RapNet diamond price index (RAPI) for certified 1 carat stones fell by 5.3% on a year-on-year basis, prices for diamonds of 3 carats decreased by 3.3%, and diamonds with a weight of 0.5 carats fell by 2 ,5%. Meanwhile, diamonds weighing 0.3 carats rose in price by 6.6%, according to RapNet.
The general index of consumer prices for all categories of products in September increased by 1% in the year-on-year terms and reached 233.81 points.
The Entice jewelry brand from the KGK group of companies presents a new initiative called SOLITAIRE FIESTA, which is a festival dedicated to the beauty of diamonds, which will last from December 12, 2013 to January 12, 2014.
Within the framework of the festival, in the three boutiques of the company, located in Delhi, Mumbai and Jaipur, exclusive gemstones will be exposed for everyone in all variety of fences, colors, sizes and purity.
In the collection of elite diamonds from Entice brand there is a wide assortment of uncorrected diamonds, necklaces, bracelets, and earrings, as well as a special series of diamond rings that meet the most demanding taste of connoisseurs of jewelry.
Within the framework of the festival, in the three boutiques of the company, located in Delhi, Mumbai and Jaipur, exclusive gemstones will be exposed for everyone in all variety of fences, colors, sizes and purity.
In the collection of elite diamonds from Entice brand there is a wide assortment of uncorrected diamonds, necklaces, bracelets, and earrings, as well as a special series of diamond rings that meet the most demanding taste of connoisseurs of jewelry.
The export of gold jewelery from India in October fell by 6.9% to $ 608.95 million, according to the Gems and Jewelery Export Promotion Council (GJEPC).
As part of efforts to reduce the trade deficit, India has taken measures to limit the import of gold, which had a significant impact on the jewelry sector. Among these measures was the requirement to ensure the subsequent export of 20% of imported gold in the form of jewelry products.
As part of efforts to reduce the trade deficit, India has taken measures to limit the import of gold, which had a significant impact on the jewelry sector. Among these measures was the requirement to ensure the subsequent export of 20% of imported gold in the form of jewelry products.
The Israeli company, which offers services to members of the diamond industry, has announced its new major achievement: it now owns and operates the largest private depository of valuables in China, Israelidiamond.co.il reports with reference to Diamond Intelligence.
Malca-Amit has opened a new storehouse, which can contain art, raw diamonds and diamonds, as well as other precious stones and metals. The specialized storage is located in the Waigaoqiao free trade area in Shanghai and is divided into five safes, which can hold up to 2,000 tons of gold. On the territory of the depository there is also a hall for demonstrating goods with an area of 340 sq. M. m., a meeting room and a hall for inspection and inspection of goods. The security system at this facility is organized taking into account the latest technological developments.
Malca-Amit has opened a new storehouse, which can contain art, raw diamonds and diamonds, as well as other precious stones and metals. The specialized storage is located in the Waigaoqiao free trade area in Shanghai and is divided into five safes, which can hold up to 2,000 tons of gold. On the territory of the depository there is also a hall for demonstrating goods with an area of 340 sq. M. m., a meeting room and a hall for inspection and inspection of goods. The security system at this facility is organized taking into account the latest technological developments.
The company Gitanjali Jewels recently opened a jewelry store in the Indian city of Jhansi, replenishing its retail network with the 104th outlet, reports Rapaport. Design and interior of the new store designed with the traditional values and ethnic characteristics of the region, particularly in the range of shops occupy a well-known brands, including Asmi, Nakshatra, D'damas, Gili , Diya, Parineeta, Sangini, Nizam, Ananya and Gitanjali gold .
On the occasion of the ceremonial opening of the Gitanjali Jewels store has prepared a number of special promotions and offers, operating when buying diamond jewelry and ornaments of gold.
On the occasion of the ceremonial opening of the Gitanjali Jewels store has prepared a number of special promotions and offers, operating when buying diamond jewelry and ornaments of gold.
The year of 2013 was marked by sign selling of diamonds at auctions, and this trend is likely to develop at the final this year auction of Christie's in New York, Forbes.com reports.
The international auction dm will put up for sale an impeccable diamond D color weighing 52.58 carats, obtained from a diamond mined at the famous mines of Golconda. The preliminary estimate of this diamond is $ 12.5 million. An
eight-corner diamond of "excellent cut" will become the leading of 500 lots presented at the auction of "Magnificent Jewels", which will be held December 10 at Christie's head office in Rockefeller Center.
It is expected that the total revenue at the auction will exceed $ 45 million. Some jewelry is auctioned by private collectors, including 4 lots of diamond jewelery created by Leviev. The most expensive of these ornaments will be a platinum ring with an impeccable cut diamond D cut, weighing 26.72 carats, a pre-auction estimate of $ 6 million.
The international auction dm will put up for sale an impeccable diamond D color weighing 52.58 carats, obtained from a diamond mined at the famous mines of Golconda. The preliminary estimate of this diamond is $ 12.5 million. An
eight-corner diamond of "excellent cut" will become the leading of 500 lots presented at the auction of "Magnificent Jewels", which will be held December 10 at Christie's head office in Rockefeller Center.
It is expected that the total revenue at the auction will exceed $ 45 million. Some jewelry is auctioned by private collectors, including 4 lots of diamond jewelery created by Leviev. The most expensive of these ornaments will be a platinum ring with an impeccable cut diamond D cut, weighing 26.72 carats, a pre-auction estimate of $ 6 million.
During the recent celebration of Diwali, jewelry sales fell.
Meanwhile, restrictions on the import of gold, set by the Indian government, were designed to mitigate the situation.
It becomes obvious that one should exercise caution when influencing costs and production, it is necessary to increase retail sales. Large companies can survive significant fluctuations, and small diamond manufacturers need to show extraordinary endurance. There are observations that while these companies behave bravely and resolutely.
The Council for the Promotion of the Export of Gemstones and Jewelry (GJEPC) and the leading Indian jewelery trade organizations closely monitor the development of the situation in order to ensure the positive development of the entire industry. Perhaps the answer to current problems is to promote innovation, and maybe in the inadmissibility of hasty action and systematic approach.
Meanwhile, restrictions on the import of gold, set by the Indian government, were designed to mitigate the situation.
It becomes obvious that one should exercise caution when influencing costs and production, it is necessary to increase retail sales. Large companies can survive significant fluctuations, and small diamond manufacturers need to show extraordinary endurance. There are observations that while these companies behave bravely and resolutely.
The Council for the Promotion of the Export of Gemstones and Jewelry (GJEPC) and the leading Indian jewelery trade organizations closely monitor the development of the situation in order to ensure the positive development of the entire industry. Perhaps the answer to current problems is to promote innovation, and maybe in the inadmissibility of hasty action and systematic approach.
Silver prices for the 10 months of 2013 averaged $ 24.51 per ounce, which is almost 21% below the corresponding figure for the same period last year, according to the mid-term review of the silver market of Thomson Reuters GFMS, Rapaport reports. GFMS predicts that the average price of silver for the year will be $ 24.24 per ounce.
GFMS notes that the dynamics of silver prices often reflect factors affecting the gold market, and also depends on the state of the industrial sector, and these trends will continue in 2014. As of November 15, gold prices fell 25% on a year-on-year basis, to $ 1,288.50 an ounce.
In the interim review of GFMS, it is reported that industrial and jewelry demand for silver in 2013 will grow by 6% compared to 2012.
Jewelery demand for silver is particularly high in rapidly developing countries, for example in India, where consumers are forced to move away from buying gold.
GFMS explains that the fall in silver prices is largely due to the same factors that affect the gold market, in particular the policy of the Federal Reserve, which encourages investors to move from safe assets to stocks.
However, GFMS notes that throughout the year capital outflows from gold exchange-traded funds were observed, while the assets of silver funds continue to grow and as of October 31 reached a record level of 655 million ounces.
GFMS notes that the dynamics of silver prices often reflect factors affecting the gold market, and also depends on the state of the industrial sector, and these trends will continue in 2014. As of November 15, gold prices fell 25% on a year-on-year basis, to $ 1,288.50 an ounce.
In the interim review of GFMS, it is reported that industrial and jewelry demand for silver in 2013 will grow by 6% compared to 2012.
Jewelery demand for silver is particularly high in rapidly developing countries, for example in India, where consumers are forced to move away from buying gold.
GFMS explains that the fall in silver prices is largely due to the same factors that affect the gold market, in particular the policy of the Federal Reserve, which encourages investors to move from safe assets to stocks.
However, GFMS notes that throughout the year capital outflows from gold exchange-traded funds were observed, while the assets of silver funds continue to grow and as of October 31 reached a record level of 655 million ounces.
The All India Gems and Jewelery Trade Federation (GJF), the national federation for the promotion and expansion of trade in gemstones and jewelry throughout India, sent a letter to the Minister of Finance, Mr. P. Chidambaram, in which she called for immediate reforms to return letters of credit and other instruments for buying gold on credit, to lift restrictions on advance payment and to carry out transactions with payment on delivery, and to reduce the import duty to 5%.
In a letter to the Minister of Finance, GJF chairman Haresh Soni stated: "When the import of gold is limited by the 80:20 scheme (20% of imported gold should be exported), there is no chance of an increase in imports until there is a growth in total exports. In this regard, we ask you to authorize the use of letters of credit ("gold loans") to jewelery manufacturers, wholesalers and retailers. This practice they adhered to the recent past. However, this scheme dominates in many countries due to the volatility of gold prices and is intended to support manufacturers, wholesalers and jewelry retailers, allowing them to provide working capital as a mechanism to protect against price fluctuations. "
"Secondly, because of the high duty on the import of gold in the country, smuggling is actively spreading, as recently reported by the media. We believe that the time is not far off when the sector will be managed by unscrupulous people and anti-social groups. This underground economy will damage and destroy the basis of our industry. Many entrepreneurs have invested heavily in creating infrastructure for the production of world-class jewelry. Such treatment of the jewelry sector will lead to huge economic losses and will cause unemployment.
In a letter to the Minister of Finance, GJF chairman Haresh Soni stated: "When the import of gold is limited by the 80:20 scheme (20% of imported gold should be exported), there is no chance of an increase in imports until there is a growth in total exports. In this regard, we ask you to authorize the use of letters of credit ("gold loans") to jewelery manufacturers, wholesalers and retailers. This practice they adhered to the recent past. However, this scheme dominates in many countries due to the volatility of gold prices and is intended to support manufacturers, wholesalers and jewelry retailers, allowing them to provide working capital as a mechanism to protect against price fluctuations. "
"Secondly, because of the high duty on the import of gold in the country, smuggling is actively spreading, as recently reported by the media. We believe that the time is not far off when the sector will be managed by unscrupulous people and anti-social groups. This underground economy will damage and destroy the basis of our industry. Many entrepreneurs have invested heavily in creating infrastructure for the production of world-class jewelry. Such treatment of the jewelry sector will lead to huge economic losses and will cause unemployment.
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