The Annual Report results of Vaibhav Gems for the year 2007-08 show increase of 11 percent in sales for the year. The company earned sales revenues worth Rs.313 crore, a cumulative figure encompassing its worldwide retail presence. Of this, its retail sales in Mexico, Alaska and Carribean Islands, Germany and UK generated good results, as indicated by media reports. %% However, the generic challenges in the industry - US economy slow down, increasing oil prices and gold prices, did make the company consolidate its operations in US and Bangkok. The company also faced a total loss of Rs.184 crore.