Revenue Danish creator and manufacturer of PANDORA jewelry grew in the second quarter of 2016 just 20% (25% in local currency) to $ 645 million (DKK 4.327) compared to the same period in 2015, according to IDEX Online.
Revenues increased in all regions of the world, including 5% in the Americas, 28% in Europe, Middle East and Africa and 43% in the Asia-Pacific region. Income from concept stores increased by 39%, accounting for 63% of total revenue.
PANDORA's net profit for the second quarter was $ 180 million compared to $ 135.5 million compared to the same quarter last year.
Over the past 12 months, PANDORA opened 366 concept stores in its global retail network, including 68 new stores in the second quarter.
"Growth in all regions continued in the second quarter in Europe, Middle East and Africa, as well as in the Pacific region to maintain a high growth with double-digit growth thanks to double-digit or near to it an increase in comparable sales." - said Anders Colding Friis (Anders Colding Friis), CEO of PANDORA.
"Sales in the Americas increased by 10% in local currencies, comparable sales in the US increased by 2%. In addition, a high proportion of Internet sales in the US and increase the availability of concept stores in the region. Sales in all regions were supported in view of the constant product diversification in the segments of rings and earrings, "- he concluded.
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Petra Diamonds reported that from next month will hold an auction of a diamond "Cullinan Dream" (Cullinan Dream), who is considered the world's largest fancy bright blue diamond to be auctioned.
Estimated value of the diamond weighing 24.18 carats, which will become the main lot auction gorgeous jewelry (Magnificent Jewels) Christie's in New York is $ 23-29 million, according to a statement sent to Rough & Polished.
Petra will receive a 15 per cent share of the profits from the sale of diamonds.
Petra found a 122.52-carat blue diamond at a South African mine Cullinan (Cullinan) two years ago. This stone was divided into four large diamonds, the largest of which is "Dream Cullinan".
According to the international classification of the diamond refers to a type IIb.
Type IIb diamonds are extremely rare and only 0.5% of natural diamonds.
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