LONDON — A healthy demand for rough diamonds, lower stock levels, and a reduced tax rate drove De Beers’ first half total net earnings up 18 percent to $308 million from $261 million in the six months ended June 30.
De Beers said in an abridged consolidated income statement Friday that earnings, excluding amortization, restructuring costs and one-time fees, rose 34.4 percent to $414 million from $308 million.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)