Harry Winston's Q1 Revenues Up 26%

(IDEX Online News) - Harry Winston Diamond Corporation reported a rise in income and profit in the first quarter, as rough diamond prices increase and retail sales improve, mainly in the U.S.

The company reported rough diamond sales of $62 million in the quarter ending April 30, an increase of 27% versus last year. Retail sales were $81.9 million, an increase of 26% versus the prior year or 20% at constant exchange rates.

Consolidated net profit for the first quarter was $3.6 million, rising 71.4% from $2.1 million in the first quarter of the prior fiscal year.