Sales for segment down 5% amid weak consumer sentiment for luxury goods.

Sales have stabilized after years of volatility, despite ongoing challenges, creating new opportunities for growth.

Jeweler saw positive market momentum in May and June.

Overall revenue down 18% year on year in fiscal first quarter.

Company sees deficit of $3.4 million for 12 months that ended March 30.

Revenue for first half down 14% year on year.

Jewelry segment up 2% even as overall revenue falls.

Month was flat compared to May, exceeding analysts’ expectations.

Company falls to 67th place, 11 lower than last year.

Lower number of auspicious wedding dates also dented revenue.