INDIAN JEWELLER

10th Jaipur Jewellery Show exhibitors meeting held in Jaipur

Prior to the unfurling of 10th edition of JJS, the organisers held a meeting for its exhibitors at Hotel Bella Casa in Jaipur. The exhibitors got an overview of the show that will take place from 22nd to 25th December in Jaipur.

Post By : IJ News Service On 26 November 2012 4:23 PM
Sir Warren Buffet has given fine jeweller Tiffany & Co. some reason to be hopeful it can float through the economic stress in the U.S. Sir Buffet is looking at purchasing $250 million worth of debt from Tiffany. The purchase will be through a subsidiary of his holding company Birkshire Hathaway. %% Media reports add that the bonds are expected to yield 10 percent a year and 50 percent of the debt is scheduled for maturity in 2017, while the remaining half in 2019. %% This is giving Tiffany some way to meet its current debt and incorporating funds into its corporate needs. During the last Christmas, the jeweller had reported its worst sales in the past 21 years. Its sales from November through December amounted to $687.4 million, dropping by 21 percent. Following this, the company was wear of its fourth quarter results, ending January 31, 2009 to see a fall.

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