RAPAPORT… Revenue from the retail division of Warren Buffett’s
Berkshire Hathaway increased 5% to $3.93 billion in the second quarter, the
company reported Saturday.
The improvement in the division, which includes jewelry
chains Borsheims, Helzberg Diamonds and Ben Bridge Jeweler, was boosted in
large part by the company’s automotive sector and the sale of pre-owned
vehicles. Pre-tax earnings for the entire retail unit climbed 22% to $764
million.
Revenue from manufacturing of consumer products, which
includes jewelry maker Richline, rose 8% to $3.23 billion.
Berkshire Hathaway Sees Retail Jump
The Bottom Line
- Berkshire Hathaway's retail division revenue rose 5% to $3.93 billion in Q2.
- Pre-tax earnings for the retail unit increased 22% to $764 million.
- Manufacturing revenue, including jewelry maker Richline, grew 8% to $3.23 billion.
More Stories
France and Botswana Ink Declaration to Use ‘Diamond’ Only for Natural
Paris Peace Forum meeting also touched on importance of responsible and transparent sourcing, working conditions and respect for local communities.
GIA Examines Pink Lab-Grown Diamond Resembling Natural Rough
6.06-carat stone’s distinct shape and structure raised questions about its origin.
Christie’s ‘Exceptional’ Jewelry Sale Brings In over $25M
Rare David Morris pink-diamond ring was top seller, nabbing $1.6 million.
