20 Sep 2019
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Sale at Classic Diamonds dips by 28%
Sale of diamonds drops by 40%
By: Diamond World News Service
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Aug 5 2009 12:31PM
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Reference: 4070  

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Classic Diamonds (India) has recorded a 28 percent drop in the three months sales ending June 30, 2009, to $25.4 million. Profits plunged 45 percent to $640,205 (INR 30.5 million) in the said period. The diamond and jewellery manufacturing company achieved a 20 percent decrease in its expenses to $24.4 million.

The diamond division of the company noted a 40 percent decrease in sales to $23.2 million, leading to the unit’s profits before interest and taxes increasing by 23 percent to $2.3 million. Sales of the jewellery division decreased by 60 percent to $2.3 million, and profits went down by 32 percent to $487,638.

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