Berkshire Hathaway, the conglomerate chaired by Warren Buffett, which also includes a number of jewelry stores, said that revenue from retail sales increased by 6% to $ 3.81 billion in the second quarter of 2016. Growth was driven by the acquisition of the automotive dealer and retailer of motorcycle parts. Berkshire also includes jewelry stores Borsheims, Helzberg and Ben Bridge.
Sales by the units of Berkshire, specializing in the production of consumer goods, which include also the jewelry company Richline Group, rose by 19% to $ 2.85 billion. The increase was also due to an increase in sales of other divisions of the company, in addition to jewelry. Berkshire Group revenue rose by 6% to $ 54.46 billion, while profit jumped 25% to $ 5 billion.
In the first six months of this year, Berkshire's revenue from sales increased by 29% to $ 7.34 billion. Sales of from consumer goods manufacturers, group companies, rose 13% to $ 5.25 billion.
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UAE Economy Minister Sultan bin Saeed Al Mansouri (Sultan bin Saeed Al Mansouri), as well as the Executive Director of the Dubai Center commodities (Dubai Multi Commodities Centre) and chairman of the Kimberley Process (KP), Ahmed Bin Sulayem (Ahmed Bin Sulayem) welcomed more than 200 delegates to the KP intersessional meeting in Dubai on 23 May. The event takes place from 23 to 26 May 2016.
United Arab Emirates (UAE) are the first and only Arab country-chairman of the Kimberley Process. The objective of the CP is to control the world diamond trade.
In his opening speech, His Excellency Sultan Bin Said Al Mansouri said: "The Kimberley Process is a global body which aims to promote the prosperity of a secure and stable environment in the diamond trade ensures that all participants in the chain of diamond supply and stakeholders industry can take full advantage of all its benefits. . that is why we consider it appropriate that the UAE was able to create so many strong and lasting partnerships in the framework of the KP. "
Ahmed Bin Sulayem said: "I see two major challenges facing us - is the solution of urgent issues of today to strengthen the KP, as well as finding a way that will allow us to meet the challenges of the future we have a responsibility to the whole chain of the diamond supply and stakeholders. who expect us to develop an approach to address the most difficult issues through consensus and the importance of change. "
Bin Sulayem called for a wider group of international and credible non-governmental organizations to join the Kimberley Process to improve cooperation with civil society. In addition, recently the Central African Republic was declared a zone of compliance requirements of the KP. Bin Sulayem said that Venezuela is currently re-admitted to full membership of the KP in its desire to resume the sale of diamonds.
A key topic at the meeting will be to assess the diamond. Chairman KP held a special forum for the evaluation of diamond system in anticipation of the intersessional meeting of the KP. Joined the Forum leaders of the diamond industry, including representatives of the largest diamond companies, experts and advisers working groups CP.
Bin Sulayem added: "I am very pleased that the OECD took part in a special forum on diamond evaluation KP My goal as KP chair - to begin to take the first concrete steps in solving urgent issues:. The expansion of data collection, financial transparency, international trade and traceability of the supply chain diamonds. "
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