Tanishq announces exchange offer for old gold jewellery and coins

The offer aims at providing jewellery enthusiasts the opportunity to extra karats on purchase of gold and diamond jewellery...

Post By : IJ News Service On 10 June 2011 11:11 AM
Tiffany & Co. and Blue Nile have slipped in their ratings with Merrill Lynch from “neutral” to “sell”, reports CNBC.com. The Merrill Lynch analyst Lorraine Maikis said that the dip in sale of jewellery has reduced earnings for the two retailers. The dip has bee influenced by the economic slump in the US and rising costs of everyday necessities like fuel, food, weak credit and housing markets and soaring precious metal prices. Tiffany was also analysed by the Oppenheimer Funds analyst Roxanne Meyer, as “Perform” from “Outperform”.

Be the first to comment

Leave a comment

Email Alerts

WhatsApp Alerts