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Strong Market Drives Alrosa Sales
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Alrosa’s revenue rose in the first quarter, driven by animproved product mix and higher average selling prices. Revenue grew 14% year on year to $1.52 billion (RUB 94.89billion) for the three months ending March...
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Mining
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May 17, 2018
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Rapaport News
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Revenue and Profit Decline for Alrosa
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Alrosa’s revenue and profit fell in 2017, due to a shift to lower-value rough-diamond sales, and a weaker dollar. Revenue for the year declined 14% to $4.68 billion (RUB269.71 billion), while profit slipped 41% to $1.36 billion...
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Mining
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Mar 18, 2018
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Rapaport News
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LVMH's Jewelry Division Operating Profit +91% to $227M
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LVMH reported that revenue rose 19 percent year on year to $18.5 billion (EUR 16.71 billion) in the first half of 2015. However, organic growth, based on a comparable structure and constant-exchange rates, rose only 6 percent, meaning...
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Financial-Legal
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Jul 28, 2015
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Rapaport News
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Swatch Group's 1H Sales +2%, Profit -19%
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Swatch Group's sales rose 2.2 percent year on year to $4.4 billion (CHF 4.192 billion) during the first half of 2015. Profit fell 19.4 percent to $572 million (CHF 548 million). In the company's watches...
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Watches
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Jul 16, 2015
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Jeff Miller
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Rockwell Diamonds' 1Q Revenue -39%, Loss Widens to $65M
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Rockwell Diamonds' revenue fell 39 percent year on year to $9.2 million in the first quarter that ended on May 31. Rough diamond sales dropped 14 percent to $8.3 million and beneficiation revenue fell 83 percent to about $900,000....
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Mining
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Jul 14, 2015
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Jeff Miller
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Tiffany & Co.'s Sales -5%, Profit -17% in 1Q
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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...
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Financial-Legal
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May 27, 2015
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Jeff Miller
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Richemont's FY Revenue +4%, Profit -36%
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Richemont's revenue increased 3.9 percent year on year to $11.5 billion (EUR 10.41 billion) in the year that ended on March 31. Sales measured at constant-exchange rates rose 1 percent. Revenue from the retail division rose...
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Financial-Legal
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May 22, 2015
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Jeff Miller
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Sotheby's Reduces Expenses, Improves Profit in 1Q
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Sotheby's reported that revenue fell 0.7 percent year on year to $155.7 million in the first quarter that ended on March 31. However, the auction house lowered expenses 10.1 percent to $137.3 million. Profit attributable...
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Financial-Legal
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May 11, 2015
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Jeff Miller
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Petra's Revenue -41% to $96M in 3Q
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Petra Diamonds reported that revenue fell 41 percent year on year to $96.1 million in the third quarter that ended on March 31. The company sold 826,815 carats during the period, representing a 9 percent decline. Production...
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Mining
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Apr 16, 2015
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Jeff Miller
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Global Economic Challenges Impact Sales at Tiffany & Co.
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Tiffany & Co.'s sales fell 1 percent year on year to $1.3 billion during the fourth quarter that included the Christmas season and ended on January 31. Same-store sales were flat. Measured on a constant-exchange-rate basis,...
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Financial-Legal
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Mar 20, 2015
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Jeff Miller
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Pandora's 4Q Profit +36%, Ring Sales Double
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Pandora reported that revenue rose 40.4 percent year on year to $607 million (DKK 3.961 billion) in the fourth quarter that ended on December 31. Gross margin as a percentage of sales improved to 71.6 percent compared with...
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Financial-Legal
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Feb 17, 2015
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Jeff Miller
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Gemstones
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Feb 17, 2015
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Jeff Miller
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Rockwell's 3Q Revenue +59%, Loss Widens to $5M
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Rockwell Diamonds, a junior alluvial diamond miner, reported that revenue increased 59 percent year on year to $15.8 million (CAD18.9 million) during the third quarter that ended on November 30. Sales were given a boost from...
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Mining
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Jan 14, 2015
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Ronen Shnidman
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Charles & Colvard's Revenue -34%, Loss Widens to $3M
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Charles & Colvard Ltd. reported that sales plummeted 34 percent year on year to $4.5 million in the third quarter that ended on September 30. Revenue from the moissanite maker's U.S. division fell 9 percent to $3.5...
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Financial-Legal
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Nov 17, 2014
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Jeff Miller
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Shrenuj & Co.'s Revenue +21%, Profit +14% in 1H
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Shrenuj & Company Ltd. reported that revenue jumped 21 percent year on year to $426.2 million (INR 26.2 billion) for the first half of the fiscal year that ended on September 30. Profit improved 14 percent...
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Financial-Legal
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Nov 13, 2014
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Jeff Miller
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Tara Jewels' Sales Increase, Profit Slips in 2Q
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Tara Jewels Ltd. reported that sales, excluding bullion, rose 7.4 percent year on year to $62.6 million (INR 3.85 billion) in the second quarter that ended on September 30. Net profit slipped 3.6 percent...
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Financial-Legal
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Nov 13, 2014
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Jeff Miller
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Pandora's Revenue +26%, Profit +19% to $121M
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Pandora Jewelry's revenue jumped 26.2 percent year on year to $475 million (DKK 2.845 billion) in the third quarter that ended on September 30. Sales by unit volume rose 15.7 percent and the average price...
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Financial-Legal
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Nov 11, 2014
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Jeff Miller
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TBZ's Revenue +32%, Profit -84%
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Tribhovandas Bhimji Zaveri (TBZ) Ltd. reported that revenue rose 32.1 percent year on year to $69.4 million (INR 4.26 billion) in the second quarter that ended on September 30. The company's profit, however, plunged...
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Financial-Legal
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Nov 04, 2014
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Jeff Miller
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Blue Nile's Revenue +7%, Profit -43% in 3Q
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Blue Nile Inc. reported that sales rose 6.9 percent year on year to $105.8 million in the third quarter that ended on September 28. Cost of sales increased 8.3 percent to $86.9 million and income plummeted...
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Financial-Legal
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Oct 30, 2014
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Jeff Miller
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LVMH's Jewelry, Watch Sales +2%
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LVMH reported that revenue rose 4 percent year on year to $27 billion (EUR 21.4 billion) for the nine months that ended on September 30. The watches and jewelry segment recorded growth of 2 percent at $2.5...
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Financial-Legal
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Oct 14, 2014
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Jeff Miller
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