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De Beers 150
De Beers Raises Prices at $520M Sale
De Beers’ April sight closed with a value of $520 millionamid concerns among manufacturers that higher rough prices could affect profitmargins.De Beers raised prices by 1% to 2% from the previous salefor larger size categories, sightholders told...
Rough Markets Apr 17, 2018 Joshua Freedman
ben bridge
Berkshire Hathaway's 1Q Revenue +13%, Profit Doubles
Berkshire Hathaway, which owns Ben Bridge Jeweler, Borsheims Fine Jewelry, Helzberg Diamonds and the Richline Group among many other diverse product and services brands, reported net earnings for the first...
Financial-Legal May 04, 2012 Jeff Miller
Amazon.com
Amazon's 1Q Revenue +34% But Profits -35%
Amazon.com reported product sales increased 29 percent year on year to $11.25 billion for the three months that ended on March 31 and consolidated sales rose 34 percent to $13.19 billion. Operating expenses during this first quarter...
Financial-Legal Apr 26, 2012 Jeff Miller
tiffany small
Tiffany Sues Swatch for $590M in Counterclaim
The Swatch Group and Tiffany & Co. ended their joint marketing agreement in September and now both parties have claimed damages from the failed partnership. Swatch sued Tiffany & Co. for...
Financial-Legal Mar 12, 2012 Jeff Miller
QVC
QVC Sales +6%, Jewelry Weak in U.S., U.K, Japan
QVC reported that the jewelry sales category experienced a difficult year in 2011, however, combined revenue for all products rose 6 percent year on year to $8.3 billion. U.S. revenue though improved only 3 percent year...
Financial-Legal Feb 24, 2012 Jeff Miller
Sarin Product
Sarin's 4Q Revenue +51%
Sarin Technologies Ltd. reported that revenue rose 51 percent year on year to $14 million for the fourth quarter, which ended on December 31. Net profits jumped 271 percent to $4.8 million. Sarin concluded that...
Financial-Legal Feb 13, 2012 Jeff Miller
Cartier Art Deco Bracelet
Richemont 1H Profit +10%
Richemont reported that profit rose 10 percent year on year to $951 million (EUR 709 million) for the six months that ended September 30. Earlier in November, the luxury group recorded first-half sales of $5.6...
Financial-Legal Dec 08, 2011 Jeff Miller
Signet Jewelers
Signet Sales +11%, Profit Soars to $26M
Signet Jewelers reported that sales for its third quarter rose 10.7 percent year on year to $710.5 million and cost of sales rose 7.2 percent to $480.6 million. Same-store sales rose 10.6 percent. The...
Financial-Legal Nov 22, 2011 Jeff Miller
LJ International
LJ Intl. 3Q Sales +35%, Profits -59%
LJ International reported that third quarter revenue rose 35 percent year on year to $48.3 million, for the three months that ended on September 30. Retail sales jumped 55 percent to $32.7 million and comparable store sales...
Financial-Legal Nov 16, 2011 Jeff Miller
blue nile logo
Blue Nile's 3Q Profits Tumble, Diane Irvine Leaves
Blue Nile reported its third quarter sales rose 11 percent year on year to $74.9 million and cost of sales increased 14 percent to $60.1 million. While gross profit was basically flat, Blue Nile's net income...
Retail Nov 08, 2011 Jeff Miller
Movado
Movado Group Recovers a Profit of $4M in 2Q
The Movado Group reported a 33 percent year on year increase in second-quarter revenue for fiscal-year 2012 at $113.2 million and the cost of sales rose 28 percent to $52.3 million for the three months that ended on July...
Watches Sep 02, 2011 Jeff Miller
Signet Jewelers
Signet's 2Q Sales +11%, Profit +71% to $66M
Signet's second-fiscal-quarter group revenue rose 10.8 percent year on year to $797.6 million while cost of sales rose only 4.2 percent to $502.8 million for the three months that ended on July 30, 2011. Same-store...
Financial-Legal Aug 25, 2011 Jeff Miller
ALROSA 2010 Profits Soar, Lowers Debt
ALROSA reported a 45 percent increase in revenue for 2010 to $3.98 billion (RUB 113.39 billion) and net profit rose to $414 million (RUB 11.8 billion) from $122 million in 2009. These results were filed under International Financial Reporting Standards (IFRS), which typically follows financial reporting...
Financial-Legal May 25, 2011 Jeff Miller
ShopNBC
ShopNBC 1Q Revenue +15%, Net Loss Widens to $29M
ShopNBC reported first quarter sales of $143.5 million, a year on year increase of 15 percent, but its net loss jumped 163 percent to $28.9 million. During the first quarter, which ended April 30, ShopNBC shipped...
Financial-Legal May 12, 2011 Jeff Miller
blue nile logo
Blue Nile 1Q Revenue +8%, Profit +1% to $2M
Blue Nile reported first-quarter sales rose 8.3 percent year on year to $80.2 million, compared with a 19 percent increase one year ago. Blue Nile's cost of sales rose 8.6 percent to $63.3 million. Net income...
Retail May 05, 2011 Jeff Miller
alrosa
ALROSA Adjusts 1Q Profits Higher to $220M
ALROSA finalized its first quarter results, following the preliminary data posted by Rapaport News on April 11, and adjusted profits higher for the three months that ended March 31, 2011. ALROSA's rough...
Mining Apr 28, 2011 Jeff Miller
Amazon.com
Amazon.com Revenue +38% But Profit Tumbles in 1Q11
Amazon.com reported first quarter sales yesterday. For the three months that ended March 31, 2011, revenue climbed 38 percent to $9.86 billion. Operating income fell 18 percent to $322 million and net profit fell...
Financial-Legal Apr 27, 2011 Jeff Miller
Catoca 2010 Rough Diamond Sales +20%, Profits +59%
During a meeting between ALROSA executives and other founding members of Catoca Ltd., it was revealed that Catoca rough sales out of Angola rose 20 percent year on year to $527 million in 2010. Net profits rose 59 percent to $111 million. Executives vowed to implement a cost reduction strategy at Catoca in 2011...
Mining Apr 15, 2011 Jeff Miller
Signet Jewelers
Signet 4Q Sales +6%, Profit -9% to $105M
Signet Jewelers reported that its fourth-fiscal-quarter sales rose 6.2 percent year on year to $1.27 billion for the period that ended January 29, 2011. U.S. same-store sales rose 11.4 percent, but fell...
Financial-Legal Mar 30, 2011 Jeff Miller
Harry Winston
Harry Winston 4Q Sales +61%, Reports Profit of $9M
Harry Winston Diamond Corporation reported that fourth quarter sales rose 61 percent to $215.3 million and cost of sales rose 48 percent to $142.2 million for the period that ended January 31, 2011. Net earnings...
Financial-Legal Mar 22, 2011 Jeff Miller
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