Experience the New RapNet Website today

Rapaport News




Advanced search
Latest Articles
Rough Markets
Polished Markets

Su-Raj Diamonds 3Q Sales +49%

Strong Jewelry and diamond sales boost growth.
Feb 15, 2012 6:30 AM   By Dilipp S Nag
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
aaron groupRichline Acquires The Aaron Group
Jan 15, 2017
Richline Group bought jewelry manufacturer TheAaron Group, as the Warren...
Almod Diamonds to Open Canada Cutting Factory
Asian Star Sales Jump in Fiscal 2Q
MJSA Names New Chair
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 1982-2017 by Martin Rapaport. All rights reserved.  
twitter twitter
About Rapaport
Advertise with us