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Asian Star’s Sales Dip Amid Drop in Small-Diamond Demand
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关键摘要
Asian Star销售下滑11%，小钻石需求疲软致裸钻收入降22%
- 营收同比降11%至6.47亿卢比（6770万美元）
- 裸钻业务收入降22%至4.26亿卢比
- 珠宝业务收入升17%至2.35亿卢比
AI 摘要 · 来源可核验
正文提要
Indian diamond manufacturer Asian Star saw its sales slip in the first fiscal quarter, as weak demand for small diamonds persisted.
Revenue on a consolidated basis – which includes subsidiaries in the US, Dubai and Hong Kong – fell 11% year on year to INR 6.47 billion ($67.7 million) for the three months that ended June 30, the company said last week. The figure is also 13% lower than last quarter’s result. Net profit dropped 38% to INR 120.6 million ($1.3 million).
Sales from the company’s loose-diamond segment declined 22% to INR 4.26 billion ($44.6 million) for the period and slid 11% from the previous three months. Meanwhile, revenue from jewelry rose 17% to INR 2.35 billion ($24.1 million).
Asian Star derives most of its business from diamond manufacturing, leaving revenue exposed to downturns in the industry. However, the improvement in its jewelry segment partially offset weakness in the loose-diamond category.
Image: A diamond bracelet. (Asian Star)
The post Asian Star’s Sales Dip Amid Drop in Small-Diamond Demand appeared first on Rapaport.