Leading diamond marketing company ABER DIAMOND CORPORATION announces its second quarter results for the period ended July 31, 2005.
Commenting on Aber's results, Chairman and Chief Executive Officer (CEO) Robert Gannicott stated, "This robust improvement in our financial results comes in a quarter when they have had only two sales.
This underscores the improvement in the performance of the Diavik Mine enhanced by rising diamond prices driven by fundamental shortages in increasingly broad ranges of diamond products. At the same time, sales continue to improve at Harry Winston as an increasing percentage of diamond requirements are met through Aber's rough diamond sales network."
Thomas O'Neill, Aber's President and Chief Executive Officer of Harry Winston added, "They continue to build on the strength of the Harry Winston brand. Sales for the six months ended July 31, 2005, are considerably stronger than the comparable period of the prior year."
The company results reflect the improvements made to the salon environment, our marketing efforts and our expanded product offering, as well as our strength in the traditional Harry Winston segment of high-end one-of-a-kind jewelry pieces.
"Aber's second quarter results reflect the strength of both our mining and retail segments," stated Alice Murphy, Aber's Chief Financial Officer. "Our sales in both segments have increased appreciably, and they are particularly pleased that these results have been carried through to our earnings from operations in each segment."
marketing@alchempro.com
