MILAN — Bulgari chief executive Francesco Trapani thinks that June might have been the start of something big, or at least something better.

Struggling with the combined effects of the Iraqi war, SARS and a tough global economy, Bulgari posted a smaller than expected dip in second-quarter sales as business conditions improved noticeably in June and July. Still, sales for the second quarter ended June 30 slid 6.9 percent to $193.9 million as first-half revenues were down a less severe 2.4 percent to $377.7 million from $386.8 million.

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