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De Beers Earnings Fall 150
De Beers Production to Peak in 2018
De Beers expects its production to hit a high point in 2018 as anumber of its mines approach the end of their life span, CEO BruceCleaver told Rapaport News. The company is planning production of 34 million to 36million carats in 2018,...
Mining Feb 22, 2018 Joshua Freedman
De Beers Logo
De Beers 2015 Earnings -58% as Rough Demand Falls
DeBeers underlying earnings before interest and tax (EBIT) slumped 58 percent to$571 million in 2015 as demand for rough diamonds weakened and revenue fell.Tighter operating cost control and favorable exchange ratespartly offset the...
Mining Feb 16, 2016 Rapaport News
jubilee
ALROSA 3Q Sales -3.5%, Loss Widens 47%
ALROSA reported revenue decreased 3.5 percent to $619.4million (RUB 40.6 billion) in the third quarter that ended September 30. TheRussian miner’s loss increased 47 percent to $231.2 million, driven partly bythe depreciation of the ruble...
Mining Nov 25, 2015 Rapaport News
tiffany store
Tiffany’s 3Q Revenue -2% as Strong Dollar Mutes Sales
Tiffany & Co said sales declined 2 percent to $938.2million in the third quarter that ended October 31, with the strong U.S. dollarhampering reported revenue figures. In the nine months to October, salesdecreased 2 percent to $2.9 billion...
Retail Nov 24, 2015 Rapaport News
Chow Tai Fook
Chow Tai Fook’s 1H Revenue Slips 4%, Profit -43% as Hong Kong Slumps
Chow Tai Fook reported that sales fell 4 percent to $3.6billion (HKD 28.1 billion) in the six months that ended September 30 due toweak consumer sentiment in Hong Kong and Macau and declining numbers oftourists...
Retail Nov 24, 2015 Rapaport News
Chow Tai Fook
Chow Tai Fook Expects 40-50% 1H Profit Drop as Sales Decline
Hong Kong-based Chow Tai Fook, the world’s largest listed jeweler, warned its profit for the six months ended September 30 could be half of the comparable period last year due to weak consumer sentiment...
Retail Nov 10, 2015 Rapaport News
bulgari lvmh
LVMH 9-Month Sales +18%, Watches and Jewelry +22%
LVMH Moët Hennessy LouisVuitton reported an 18 percent increase in revenue to $28.8 billion (€25.3billion) for the first nine months of 2015, with its watches and jewelrybusiness jumping 22 percent. Jewelry and watch salestotaled $2.7 billion...
Retail Oct 13, 2015 Rapaport News
chow tai fook
Chow Tai Fook 2Q Sales +4%, Same-Store Sales -3%
Chow Tai Fook Jewellery Group reported a 4 percent year-on-yearincrease in retail sales for its overall business in the three months toSeptember 30, attributing the growth to a surge in demand for gold productsamid a drop in the metal’s...
Retail Oct 11, 2015 Rapaport News
Micheal HIll logo
Michael Hill Sales +9.9%, Same-Store Sales +6%
Michael Hill reported a 9.9 percent increase in sales to $80.8 million (AUD 112.5 million) for the three months through September, while same-store sales rose 6 percent to $76.8 million.The New Zealand-based retailer has also...
Retail Oct 08, 2015 Rapaport News
Petra Diamonds
Petra Diamonds Sees Sales, Profit Drop in FY15
Petra Diamonds reported double-figure percentage drops in both revenue and profits for the year to June 30 on the back of a weakened market and low prices. Revenue was down 10 percent from $471.8 million to $425 million....
Mining Sep 20, 2015 Rapaport News
stornoway logo
Stornoway Reduces Quarterly Loss as Flagship Renard Project Stays on Track
Stornoway Diamond Corporation, an exploration and development company listed on the Toronto Stock Exchange, pared its quarterly loss from a year ago as construction at its Renard Diamond Project continued in line with planned schedule and...
Mining Sep 17, 2015 Rapaport News
Dominion Diamond Corporation
Canada’s Dominion Reports 24% Drop in Sales, Swings to Loss
Canada’s Dominion Diamond Corporation, the world’s third-largest producer of rough diamonds by value, reported a 24 percent slump in second-quarter sales amid subdued demand in Asia. The company swung to a loss as it incurred a one-time charge following the departure...
Mining Sep 13, 2015 Rapaport News
Movado
Movado Shows 2Q Sales Gain
Movado Group, Inc. said revenue in the second quarter increased 1.4% to $145.6 million compared to $143.6 million in the second quarter of fiscal 2015. Net sales on a constant dollar basis increased 6.1% compared to net sales...
Watches Aug 31, 2015 Rapaport News
alrosa
ALROSA 2Q Sales Up 20%
Russian Miner ALROSA’s sales in the second quarter rose 20 percent to $875.8 million (RUB 57.3 billion) versus the comparable period last year, according to a company announcement on August 28. For the first half of the...
Mining Aug 30, 2015 Rapaport News
Signet Jewelers
Signet Shares Rally as 2Q Sales, Profit Beat Expectations
Shares of Signet Jewelers jumped more than 10 percent Thursday morning in New York after the jewelry retailer beat expectations in its second quarter earnings report. “With the flurry of global market noise, we believe a market...
Retail Aug 27, 2015 Rapaport News
Shrenuj
Shrenuj Register Revenue and Profit Growth in 2Q
Shrenuj & Company Ltd. reported that revenue rose 6 percent year on year to $218 million (INR 14.2 billion) during that quarter that ended June 30. The company's profit increased 2 percent to $3.2 million...
Manufacturing Aug 14, 2015 Rapaport News
blue nile logo
Blue Nile 2Q Net Sales Increase 6.7% to $113.7M
Blue Nile, Inc., an online retailer of diamonds and fine jewelry, today reported net sales increased 6.7% to $113.7 million for the second quarter ended July 5, 2015 compared to $106.6 million for the second...
Retail Aug 07, 2015
tiffany store
Tiffany & Co.'s Sales -5%, Profit -17% in 1Q
Tiffany & Co.'s revenue fell 4.9 percent year on year to $962.4 million in the first quarter that ended on April 30. Same-store sales fell 7 percent. Cost of sales declined 6.9 percent to $393.4 million and...
Financial-Legal May 27, 2015 Jeff Miller
blue nile diamonds
Blue Nile Improves Margins, Observes 'Challenges' in the Sector
Blue Nile Inc.'s sales improved 2.6 percent year on year to $106.4 million in the first quarter that ended on April 5. Cost of sales rose 2.2 percent to $86.5 million and profit jumped 10 percent to $1.2 million...
Financial-Legal May 08, 2015 Jeff Miller
ben bridge
Berkshire Hathway's 1Q Revenue +7%, Earnings +10%
Berkshire Hathaway, the parent company of Ben Bridge Jeweler, Borsheims Fine Jewelry, Helzberg Diamonds and the Richline Group among many other diverse product and services brands, reported that net earnings rose...
Financial-Legal May 01, 2015 Jeff Miller
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