"We sadly have to report that all the stores The Limited nationwide officially closed its doors, - said the company, among which the product is and jewelry -. But that is not goodbye style that you like, is still available on the Internet. - we are now at a distance of just one click away from you, 24 hours a day. "
Holiday sales across the retail industry in the United States has been mixed, and were characterized by a decrease in sales in physical stores, but the jump from online stores.
"We have worked very hard and for nine years held a significant investment in operations to create a sustainable business The Limited, - is said in the Sun Capital Partners, which is the owner of the private The Limited share capital -. In the context of increasingly complex retail, we are very sorry to announce that the company had to make the difficult decision to close its retail outlets. "
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Gem Diamonds reported that its revenues for the year ended December 31, 2015 decreased by 8%, to $ 249.5 million versus $ 270.8 million a year earlier.
The company's profit before tax, interest, depreciation and amortization (EBITDA) also decreased by 2%, to $ 103.5 million in the same period, from $ 106 million a year earlier.
However, net profit Gem Diamonds for the year rose 12% to $ 67.4 million, versus $ 60.4 million in 2014.
"Although 2015 was a difficult one for the diamond industry, we are pleased to report that our group of companies managed to show strong operating and financial results," - said General Director of Gem Diamonds Klifford Elfik (Clifford Elphick).
"The Group continued to implement its strategic objectives for the preservation of capital by investing in low-cost, but quickly pay off projects Increasing the number of the extracted critical dimensions of 100 carats of diamonds and 11 in 2015, compared to 6 per year on average, it demonstrates the success of our initiatives." - adds Elphick.
He said that the price of diamonds from the mine Letseng (Letšeng) in 2015 remained high despite the sharp downturn in the global market.
"High-quality diamonds are world-class, which is known mine Letseng, have contributed to the strong results at an average price of $ 2,299 per carat in 2015", - said director of Gem Diamonds
Meanwhile, he adds, the key objectives of the company to develop the first phase of the mine Ghaghu ( Ghaghoo) Botswana been made during the reporting period.
"The average content of diamonds mined at the mine last year, in line with our forecasts for stocks After the commissioning of the intermediate hopper in January we were able to achieve the key indicator of ore processed in 2000 tonnes per day." - concluded Elphick.
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