Leading Edge Group has confirmed that it has become a retail jewellery business focused on selling directly to consumers.

Claire Packett, Diamond Republic: The new business was failing; however, it is claimed that Diamond Republic has been ‘turned around’.

Riverwise Pty Limited, the parent entity of Leading Edge Group, has reported losses of more than $16 million since 2017. Profits in 2018 and 2021 can be attributed to the sale of two businesses. Factoring that in, adjusted profit and loss figures are shown above in blue.