RapNet


Rapaport News

 

Manufacturing

 
Rapaport Broadcast
Lussier Explains How Retailers Can Raise the Quality of Marketing
July 01 2015 7:30

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

Su-Raj Diamonds 3Q Sales +49%

Strong Jewelry and diamond sales boost growth.
Feb 15, 2012 6:30 AM   By Dilipp S Nag
Email Email Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... Su-Raj Diamonds and Jewellery Ltd. reported that net sales rose 49 percent year on year to $296 million (INR 14.61 billion) during its third fiscal-quarter that ended on December 31, 2011. Growth was driven by strong performance at its jewelry and diamonds business.

Net profits, however, fell slightly to $6 million (INR 297.8 million) from $6.1 million (INR 299.9 million) a year earlier, partly due to lower other income and higher finance charges and tax expenses.

The company’s jewelry segment sales rose 52 percent to $246.8 million (INR 12.18 billion), while its diamond business grew 33 percent to $49.2 million (INR 2.43 billion). Su-Raj’s bullion sales increased 23 percent to $151,945 (INR 7.5 million), but ‘other’ segment sales declined 10 percent to $530,794 (INR 26.2 million).

Total expenditures jumped 50 percent to $287.1 million (INR 14.17 billion) during the quarter.

Su-Raj reported that its board has approved the disinvestment from its subsidiaries Su-Raj Diamonds NV, Su-Raj Diamond (HK) Ltd. and Su-Raj Diamonds & Jewellery USA Inc., subject to necessary approvals.

Su-Raj Diamonds is a manufacturer and exporter of polished diamonds, gold, silver and platinum jewelry studded with diamonds, color stones and semi-precious stones as well as plain jewelry.

Tags: diamond, Dilipp S Nag, India, Jewelry, Rapaport, Su-Raj Diamonds
Similar Articles
Similar Videos
Vipul Shah: India is the Future of the Diamond Industry
Jun 24, 2014
Vipul Shah, the chairman of India's Gem & Jewellery Export...
future of india fair trade stuller
Panel Discussion: The... Irthly Refines Fair... Stuller On U.S. Diamond...
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  
All Content © Copyright 1982-2015 by Martin Rapaport. All rights reserved.  
twitter twitter
About Rapaport
Advertise with us