Friday, July 14, 2017
Singapore IIa Technologies, a global leader in technology diamonds grown in a lab, received June 10, 2016 SME100 prestigious award for the fastest growing companies in Singapore.
Vishal Mehta, CEO IIa Technologies, said: "We are very proud that we won SME100 premium in the segment of fast-growing companies This award is recognition for small and medium-sized enterprises, which include IIa Technologies Our company has established one of the most.. advanced laboratories for growing diamonds in Singapore, innovation center of Asia. IIa Technologies has spent more than ten years of pioneering research on growing diamonds in the segment, and is the only producer of these stones, which can provide a upnye diamonds to jewelers and retailers at the same time carrying out high-quality research and development that will lead to an increase in the number of applications of our diamonds. "
"The recognition of our company one of the fastest growing in Singapore proves our strength, which is based on the basis of Singapore as a nation - adds Mehta -. Singapore and its policies helped to shape this company, to make it more competitive, organized and efficient We have seen how. the company is growing from a small research facility in the company that can change the world with grown diamonds. we would like to thank all those who supported us in our first years of operation. "
SME100 is an annual award, organized by the magazine SME & Entrepreneurship, one of the most successful editions for business and entrepreneurship in Asia. This award is given quickly developing small and medium businesses in Asia, which focused on growth (turnover, profit and market share) and adaptation (best practices, sustainability and vision of the market).
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The branch of precious stones and jewelry in India received an incredible response during the long-awaited Diwali festival this year. Sales of jewelry in the country grew by 15-20% compared to last year.
Basically, low gold prices acted as an ideal catalyst for sales in the west and north of India. In the eastern and southern regions, growth was not so strong.
Gold sales on the first day of the festival increased by 25% compared to last year. Jewelers are looking forward to improving sales after Diwali and in the upcoming wedding season.
Some jewelers in Mumbai said that, although jewelry sales began to grow more slowly than usual, the results were in the end very good. The demand for jewelry was unusually high, Although usually buyers tend to buy gold bars. Many retailers talked about a 30 percent increase in sales compared to last year. They hope that this trend will continue due to the fact that the wedding season will go the next few months.
Sales in the southern region of India were not so high in the face of torrential rains, which cause the region a strong economic impact. In addition, since the Diwali festival is not the main reason for jewelry purchases in this region, the number of buyers in jewelry stores has decreased markedly.
Nevertheless, the appetite for gold among buyers increased in the framework of Diwali this year. Compared with last year, there was an increase in sales of jewelry by 20-25% across India. In the south, growth was moderate, Because in this part of India the main time for buying gold is the Ashkaya Tritiya holiday, while in the north gold is usually bought on the first day of Diwali.
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