Bulgari Group reported its net profit fell 4.6% to 22.8 million euros (USD 35.5 million) in the first quarter of 2008 due to increased operating costs and weak sales in Italy and America.

Yuvelirnaya Set 585 together with international corporation Nestle has launched a tentative marketing action in the field of cross-promotion: any buyer purchasing jewelry will receive a box of chocolate candies “Golden Peak.” Stores belonging to the 585 network were chosen as a site for this experiment.

In 2008, OAO Krastsvetmet will bring into operation a line producing hollow jewelry, says the quarterly report on the company’s activities in the first quarter of 2008. This will permit to widen and renew the jewelry product range and to increase sales to a significant extent.

For the first time a large-scale jewelry show took place in Makhachkala from June 3 to 8. It was reported that more than sixty jewelry factories, companies and manufacturers coming from more than 25 regions and cities of the Russian Federation, the former USSR countries and other foreign countries had taken part in the exhibition.

As was reported by TV Company Rifei in Perm, the Adams Group of Companies opened there its wholesale representation office. Its head manager Victor Meshalkin explained that the wholesale representation office was going to deal only with corporate entities, with stores, minimizing all the costs of these stores and offering a broad range of products and good-sized inventory on the spot.