Bulgari has reported its financial records for fourth-quarter and fiscal-year with a 9.8 percent decline in total sales during the fourth quarter to $412.6 million, while on constant exchange rates the total sales fell by 15.5 percent. Of the total sales, jewellery sales in the said quarter slipped by 12.8 percent to $170.7 million, 17.3 percent at constant exchange rates. Other luxury products like watches slipped in sales by 21.2 percent to $95 million and 28 percent at constant exchange rates. Sale in European market dipped by 16.8 percent, in Asia by 6.9 percent and in the Americas by 4.8 percent. The Middle East market scored with 11.1 percent increase in sales. %% For the entire fiscal year, total sales decreased by 1.5 percent to $1.42 billion. Jewellery sales slipped by 2.6 percent to $591.6 million and by 1.5 percent at constant exchange rates. Sale of watches dropped by 10.5 percent to $348.2 million. The Americas saw the biggest drop of sale for the retailer, where sales dipped by 12.5 percent. In Europe it dipped by 1.4 percent. Contradictorily, sales increased by 1.6 percent in Asia and by 9.1 percent in the Middle East. %% The company is reported to have faced this fall in sales due to the economic slowdown, but has nevertheless maintained its selling prices and discount policy with the final client and trade as it was earlier. It has not altered the two in effect of the slowdown. However, it is planning to restructure its costs and investments to face the difficult months ahead.