Indian Diamond Company’s 1Q 2009/10 Sales

Su-raj Diamonds and Jewelry (UP 20%)

First fiscal quarter sales ending June 30th 2009 by Su-raj Diamonds and Jewellery was up by 20% to $143.5 million (INR 6.86 billion). There was a corresponding increase in profit to $2.5 million (INR 121.7 million), according to a note the company sent to the Bombay Stock Exchange (BSE).

The sales by the companies diamond segment rose 17% to $39.1 million (INR 1.87 billion) while sales by the jewellery segment to $3.5 million (INR 165 million).

Flawless Diamond (Down 26%)

Flawless diamonds manufacures and exports diamonds and diamond jewellery.

The net sales by Flawless Diamonds (India) fell 26% to $27.6 million (INR 1.3 billion) in the first fiscal quarter which ended on June 30th 2009. There was a 30% drop in the net profits to $1.1 million (INR 54.4 million), despite cutting running expenses by 27 percent to $26 million (INR 1.25 billion).

Suashish Diamonds (UP 1%)

Suashish Diamonds is a diamond polishing and jewelry manufacturing company. It is also a DTC- Diamond Trading Company Sightholder.

Suashish diamonds reported that the sales 1st fiscal quarter ending June 30 rose by 1.3% to $48.9 million (INR 2.34 billion). The Mumbai based diamond manufacturer informed the Bombay Stock Exchange (BSE) that there was a fall in net profits by 1.3% to $3.9 million (INR 186.5 million).

According to Rapaport News, Suashish diamonds has operating facilities in Botswana and India.

Leave a Reply

Your email address will not be published. Required fields are marked *