Rapaport News



Rapaport Broadcast
Martin Rapaport Addresses Israel Diamond Week
February 12 2020

Advanced search
Latest Articles
Rough Markets
Polished Markets

Investor Raises Stake in Blue Diamonds Jewellery

Dec 27, 2013 10:53 AM   By Jeff Miller
Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... Xia Liqiang purchased nearly 8.5 million shares of Blue Diamonds Jewellery Worldwide of Sri Lanka, increasing his stake in the company to 17.88 percent, according to a regulatory filing.

Capital Trust Securities, a Colombo-based brokerage, secured the deal that placed Liqiang as the jewelry maker's top shareholder. Vanguard Management Services reported that Blue Diamonds Jewellery Worldwide has been facing weaker revenue and share price in the past year.

In the company's most recent financial statement, revenue plunged 45.9 percent year on year to $145,327 (LKR 19 million) in the second quarter that ended on September 30. However, profit jumped to $8,069 from $2,000 one year ago.

Tags: blue diamonds jewellery, investors, Jeff Miller, sri lanka
Similar Articles
Rough diamondsKimberley Process Plans to Digitize Its Certificates
Apr 05, 2020
The Kimberley Process (KP) is trialing the use of digital certificates...
Belgian Banks Postpone Loan Repayments
India Eases Trade’s Financial Burden
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First

Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
twitter twitter
About Rapaport
Advertise with us