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Company cites dramatic decline in wholesale prices.
Solid auction performance prompts shift in company’s plans at flagship Zambian site.
Tariffs impacting sales and sentiment.
Revenue down 42% year on year in first quarter.
Sales of higher-quality, larger sizes proved more popular at April events.
Newly expanded show highlights Ukrainian and African designers.
Jeweler will also close at least 50 stores in China this year.
Lulo mine sales up 6% despite temporary shutdown due to blockades.
Company posted $3.3 million deficit in first quarter, compared to profit of $1.1 million a year ago.
Customers likely to refuse goods, sources say.