International News
Titan Sees 13% Profit Rise in Q4 on Premium Jewellery and Bullion Boom
Strong demand for high-end jewellery and gold coins offsets margin pressure from surging bullion prices; CEO succession announced for year-end.
Titan Company Ltd, the luxury retail arm of India’s Tata Group, reported a 13% increase in consolidated net profit for the quarter ended March 31, 2025, supported by sustained consumer demand for premium jewellery and a sharp uptick in gold coin sales, even as gold prices soared to record levels.
The company posted a net profit of ₹8.71 billion (approximately $102 million), up from ₹7.71 billion in the same quarter last year. The growth came despite a nearly 17% jump in gold prices during the period, with 10 grams of 24-carat gold breaching ₹90,000 ($1,062).
Titan’s flagship jewellery division — encompassing brands like Tanishq and Mia — recorded a robust 25% year-on-year increase in sales, driven largely by affluent consumers continuing to invest in luxury jewellery and bullion. Gold coin sales surged 64%, as more buyers turned to physical gold as a hedge against market volatility.
While sales were strong, profitability slightly declined. Titan’s operating margin dipped to 11.9% from 12.1% a year ago, pressured by lower margins on bullion sales. CFO Ashok Sonthalia had earlier cautioned that elevated gold prices could make it difficult to achieve the company’s FY26 margin guidance of 11% to 11.5%.
The company’s watches segment, Titan’s second-largest revenue generator, also performed well, with revenue rising 20% to ₹12.16 billion. Growth was attributed to strong demand for its premium Raga, Sonata, and Fastrack collections.
In a key leadership announcement, Titan confirmed that Managing Director and CEO C.K. Venkataraman will retire by the end of 2025. He will be succeeded by Ajoy Chawla, the current head of Titan’s jewellery division.
In a landmark move toward ethical luxury, Chaumet has announced its commitment to 100% gold traceability across all its jewellery collections, beginning in 2025. This initiative will debut with the launch of a new Bee de Chaumet pendant, crafted entirely from responsibly sourced, traceable gold.
With a legacy spanning over 240 years, Chaumet has long drawn creative inspiration from nature—an ethos now deeply embedded in its sustainability journey. As part of the LIFE 360 programme led by parent group LVMH, the Maison is strengthening its environmental and social responsibility efforts, reflecting a broader commitment to nature conservation and ethical craftsmanship.
A member of the Responsible Jewellery Council (RJC) and supporter of the Kimberley Process, Chaumet has also joined the Swiss Better Gold Association (SBGA), which champions sustainable development in artisanal mining communities.
The upcoming Bee de Chaumet pendant, adorned with the brand’s iconic bee motif, symbolizes this ethical shift. Every component—from the pendant and chain to clasps and rings—is made from gold that is 100% traceable and sourced through verified, responsible channels.
While not claiming to transform the mining industry overnight, Chaumet’s initiative marks a significant step in promoting transparency and integrity across the jewellery value chain—setting a high standard for the future of sustainable luxury.
As part of its outreach campaign for the upcoming Saudi Arabia Jewellery Exposition (SAJEX) and IIJS Premiere 2025, the GJEPC recently concluded a door-to-door initiative in Kuwait, engaging directly with key players in the local jewellery industry.
The GJEPC team met with 92 top retailers from key markets including Al Mubakariya, Souq Al Wataniya, Souq Al Sharq, and the Farwaniya Gold Market.
The focused meetings with leading retailers, manufacturers, and wholesalers, offered insights into the Kuwaiti market’s preferences and dynamics. The response was highly encouraging, with strong interest expressed in attending SAJEX 2025, which is set to become a vital networking hub for the jewellery industry across the MENA region.
International News
De Beers CEO Al Cook Engages with GJEPC Leaders During Strategic Visit to Mumbai Office
Al Cook, CEO of De Beers Group, visited the Gem & Jewellery Export Promotion Council (GJEPC) office in Mumbai, reinforcing the group’s commitment to deeper collaboration with the Indian diamond industry. He was accompanied by senior executives including Paul Rowley, Executive VP – Diamonds Trading; Shweta Harit, Global Senior VP; and Amit Pratihari, VP of De Beers Forevermark India.
The visit follows the successful joint launch of the Indian Natural Diamond Retailer Alliance (INDRA) earlier this year—a strategic initiative to boost India’s natural diamond retail ecosystem.
Mr. Cook and his team were welcomed by a distinguished delegation from GJEPC, including Shaunak Parikh, Vice Chairman; Russell Mehta, Advisor to the Chairman; Ajesh Mehta, Convener – Diamond Panel; Diamond Panel Members Anoop Mehta, Nilesh Kothari, Anil Virani, Manish Jiwani, Ashish Borda; and Sabyasachi Ray, Executive Director.
The meeting featured in-depth discussions on pressing industry topics such as traceability, G7 compliance, funding challenges, U.S. tariffs, and marketing strategies, aimed at strengthening India’s global competitiveness in the diamond sector.
The engagement signals a continued partnership between De Beers and GJEPC to drive growth, innovation, and transparency across the diamond value chain.
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