Exhibition of gems and jewelry in Bangkok (Bangkok Gems & Jewelry Fair) will be held from September 7 to 11 at the Expo Center Muang Thong Thani. This was reported by Director General of Trade Promotion Department (Department of Trade Promotion, DITP) Thailand Mali Choklumlerd (Malee Choklumlerd).
"DITP believes that the 58-th in a row exhibition of gems and jewelry in Bangkok will be able to attract a significant number of new buyers and importers, - noted Choklumlerd -. Many exhibitors and business representatives have leased more than 400 booths within the application to participate with 1 to April 20, 2016. The greater the number of potential traders, importers, buyers leading brands and important designers from all over the world are expected to be able to take part in the event, the number of visitors that may be about 30,000 people. "
DITP expects participants from Hong Kong, India, China, Singapore, Malaysia, USA, Japan, Taiwan and Russia, as well as from most of Thailand.
The department also noted that efforts in the organization of the exhibition was aimed at increasing the international attractiveness of the event, its modernization and high design, which would correspond to the new time and the world trends.
"DITP sure that the event will lead to an increase in the volume of trade and improve cooperation in the field of business and allow the country to grow the jewelry industry to ensure future economic growth and progress in the field of export", - concluded Choklumlerd
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The report on the work, published Dominion Diamond Corporation on Thursday said that in the fourth quarter of 2016 the Company incurred a loss before income taxes of $ 27.9 million and a consolidated net loss attributable to shareholders in the amount of $ 34.9 million, or $ 0.41 per share. This was due to the impairment of inventory, the impact of the exchange rate on the payment of income tax, lower prices during the January sales company in accordance with the market and due to be lower than expected profitability of a number of industries.
The Company reported a loss before income taxes of $ 11.6 million and the consolidated net loss attributable to shareholders of $ 34.0 million for the full financial year. Dominion Diamond recorded an operating loss of $ 24.5 million in the fourth quarter of 2016 against a profit of $ 52.6 million a year ago. Its operating profit for the twelve months ended January 31, 2016, reached $ 8 million, compared with $ 199.3 million in the previous year. Dominion Diamond Sales in the fourth quarter of 2016 were $ 178.1 million ($ 240.6 million in 2015), and for the full year - $ 720.6 million ($ 915.8 million in 2015). Dominion Diamond Gross profit for the year was $ 51.6 million compared with $ 233.1 million in the previous year. At the same time the company managed to achieve positive flow values of available funds in the amount of $ 27.5 million in the fourth quarter due to intensive operational turnover of funds in the amount of $ 83.6 million, which helped offset capital expenditures of $ 56.1 million.
Commenting results of operations of the company, Brendan Bell (Brendan Bell), its chief executive Officer, said: "As expected, during this transitional period, planned for the Ekati mine (Ekati), gross profit was lower than in the due to changes in the composition of the ore, given that more and more products began to arrive from the less valuable sources in anticipation of commissioning tube Misery Maine (Misery Main) in the second half of the current fiscal year. Development Misery Maine goes according to schedule and will provide significant cash flow. We note with satisfaction the recent rise in diamond prices. "
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