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Alrosa Profit Dips Amid Shift to Smaller Stones
Alrosa’s profit decreased in the first quarter as its sales mix shifted to lower-value goods. Net profit fell 27% year on year to RUB 24.1 billion ($371.6 million) forthe period, the miner said last week....
Mining May 19, 2019 Rapaport News
Alrosa’s Revenue Falters on Weak Prices
Alrosa’s sales fell in the first quarter amid lower rough pricesand a larger proportion of small diamonds. Revenue from rough stones slid 37% year on year to $988million for the three months ending March 31,...
Mining Apr 17, 2019 Rapaport News
Diamcor Blue 140
Diamcor Loss Deepens in First Quarter
Diamcor saw its loss more than triple in the first fiscalquarter, as revenue slumped due to weaker production and a lower average priceat its South Africa-based alluvial-mining operation. The company reported a net loss of $1.8...
Mining Sep 02, 2018 Rapaport News
Contrasting Quarters
The first quarter of 2015 was a tough one for the diamond industry but it certainly was not dull – as this writer mistakenly suggested in a conversation this week. If anything, it offered a stark reminder of just how quickly...
Polished Markets Apr 04, 2015 Avi Krawitz
Belgium’s Polished Exports +9% in March
Belgium's polished diamond exports rose 9 percent year on year to $1.32 billion in March, according to the Antwerp World Diamond Centre (AWDC). By volume, polished exports dropped 13 percent to 534,934 carats, while the average price jumped...
Polished Markets Apr 29, 2014 Ronen Shnidman
Birks & Mayors Arranges New Financing Deal, Reports 1Q Sales +2%
Birks & Mayors Inc. and Varilease Finance, Inc. entered into a lease agreement on July 24 that will cover up to $3 million in costs associated with remodeling three Florida Mayors stores into the "shop in shop" format, a model the company launched last year. The financing should be repaid...
Retail Aug 01, 2013 Sandra Mardenfeld
mature shoppers
U.S. Online Retail Sales +13% to $50B
Online metrics firm comScore Inc. reported that retail ecommerce sales in the U.S. jumped 13 percent year on year to $50.2 billion during the first quarter that ended on March 31. The top-performing online product...
Retail May 10, 2013 Jeff Miller
Polished Diamonds
U.S. Polished Diamond Imports -7% in March
U.S. polished diamond imports for March 2012 fell 7.2 percent year on year to $1.804 billion and polished exports dropped 1.6 percent to $1.532 billion. By volume, imported polished diamonds were reduced 14.6 percent...
Polished Markets May 10, 2012 Jeff Miller
diamond speakers
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Retailer Profits Weaken, Rising Costs Pressure Margins
U.S. retail sales are showing mixed results for April and for the first quarter across the jewelry industry. Chain-store sales were largely flat in April, but when combined with March, the...
Retail May 09, 2012 Rapaport News
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Tiffany & Co. Revenue +20%, Profits +26% to $81M
Tiffany & Co. reported a 20 percent year on year increase in sales at $761 million for its first fiscal quarter. Cost of sales rose 19 percent to $317.3 million. Net earnings jumped 26 percent to $81.1 million for the...
Financial-Legal May 26, 2011 Jeff Miller
Pandora 1Q Sales +41%, Profit +91% to $99M
Pandora published first quarter interim results today, reporting a sales increase of 41 percent year on year to $334.8 million (DDK 1.75 billion) and net profit growth of 91 percent to $98.5 million (DDK 515 million). The cost...
Financial-Legal May 19, 2011 Ricci Dipshan
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