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Market Comments 4/1/2010
Apr 1, 2010 6:00 PM
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Trading centers quiet due to Passover and Easter holidays. ALROSA 1Q production -7.6% to 8.5m cts with sales of $925m and net profit of $62.2m vs. net loss of $455.6m in '09; planning $882m 5-year bond offering in 2Q. Harry Winston 4Q group sales +13% to $133.7m, operating loss of $3.1m vs. profit of $10.1m the previous year. Finlay sells $1.1m in Feb., net loss at $3.8m. Hong Kong’s Feb. precious metals jewelry exports +51% to $225m, imports +32% to $398m. Diavik mine launches underground operation to help extend life beyond 2020. Johan Rupert takes over as CEO of Richemont.
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Tags:
, Alrosa, Diavik, Finlay, Harry Winston, Hong Kong, Jewelry, Production, Richemont
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