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Jewelry, watches, clocks and valuable gifts down 3.2% year on year.
Shops are in a Canadian province where company already operates, it says.
Company reports deficit of $25.2 million for full year.
7.3 million carats of Brazilian gems are going on the block as part of a court-ordered liquidation.
Indian jeweler plans to open more than 15 locations in North America over next 12 to 18 months.
Winsome Resources has declined to purchase Stornoway for its lithium project.
Barak Levy has decades of experience in the industry as a trader and manufacturer.
Van Cleef & Arpels ring fetches $2.8 million, smashing its $586,000 high estimate.
Companies sell 15 lots totaling 865.19 carats.