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Berkshire Hathaway's 1Q Revenue +13%, Profit Doubles
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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...
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Financial-Legal
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May 04, 2012
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Jeff Miller
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Amazon's 1Q Revenue +34% But Profits -35%
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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...
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Financial-Legal
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Apr 26, 2012
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Jeff Miller
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Tiffany Sues Swatch for $590M in Counterclaim
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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...
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Financial-Legal
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Mar 12, 2012
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Jeff Miller
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QVC Sales +6%, Jewelry Weak in U.S., U.K, Japan
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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...
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Financial-Legal
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Feb 24, 2012
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Jeff Miller
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Sarin's 4Q Revenue +51%
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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...
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Financial-Legal
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Feb 13, 2012
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Jeff Miller
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Richemont 1H Profit +10%
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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...
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Financial-Legal
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Dec 08, 2011
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Jeff Miller
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Signet Sales +11%, Profit Soars to $26M
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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...
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Financial-Legal
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Nov 22, 2011
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Jeff Miller
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LJ Intl. 3Q Sales +35%, Profits -59%
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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...
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Financial-Legal
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Nov 16, 2011
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Jeff Miller
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Blue Nile's 3Q Profits Tumble, Diane Irvine Leaves
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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...
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Retail
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Nov 08, 2011
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Jeff Miller
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Movado Group Recovers a Profit of $4M in 2Q
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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...
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Watches
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Sep 02, 2011
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Jeff Miller
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Signet's 2Q Sales +11%, Profit +71% to $66M
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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...
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Financial-Legal
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Aug 25, 2011
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Jeff Miller
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ALROSA 2010 Profits Soar, Lowers Debt
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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...
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Financial-Legal
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May 25, 2011
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Jeff Miller
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ShopNBC 1Q Revenue +15%, Net Loss Widens to $29M
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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...
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Financial-Legal
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May 12, 2011
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Jeff Miller
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Blue Nile 1Q Revenue +8%, Profit +1% to $2M
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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...
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Retail
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May 05, 2011
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Jeff Miller
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ALROSA Adjusts 1Q Profits Higher to $220M
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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...
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Mining
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Apr 28, 2011
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Jeff Miller
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Amazon.com Revenue +38% But Profit Tumbles in 1Q11
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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...
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Financial-Legal
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Apr 27, 2011
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Jeff Miller
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Catoca 2010 Rough Diamond Sales +20%, Profits +59%
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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...
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Mining
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Apr 15, 2011
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Jeff Miller
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Movado Group 4Q Sales +23% But Loss Widens to $32M
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(RAPAPORT) Movado Group's fourth-quarter sales rose 23 percent year on year to $101 million for the period that ended on January 31, 2011. However, the retailer's net loss grew 32 percent to $31.1 million, in part due to a non-cash charge of $32.6 million from impairment charges and discounted operations....
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Watches
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Apr 07, 2011
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Jeff Miller
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Signet 4Q Sales +6%, Profit -9% to $105M
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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...
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Financial-Legal
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Mar 30, 2011
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Jeff Miller
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Harry Winston 4Q Sales +61%, Reports Profit of $9M
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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...
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Financial-Legal
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Mar 22, 2011
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Jeff Miller
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