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Solid auction performance prompts shift in company’s plans at flagship Zambian site.
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.
Gap in shoppers’ understanding of natural vs. synthetic diamonds is narrowing, according to Plumb Club.
Miner sells 2.4 million carats for $16.4 million.
Revenue from jewelry and watches down 3.9% in March compared to 13% in February.