April 30 ended the first quarter of this fiscal year and the watch company Harry Winston in a hurry to share with fans of good news. Profit for the period amounted to 81.9 million dollars.
CEO of Harry Winston, Robert Gannikott claims that is high earnings for the quarter reflects the increasing value of uncut diamonds, which in turn caused a rise in prices in the segment and watch a class luxury. For example, the price referred to uncut diamonds increased by 34% and retail sales of Harry Winston – 26%.36.4 million were sales of $ Harry Winston watches in the U.S. – growing popularity of brands in this market was 65%.
In Europe, sold to Harry Winston $ 20.6 million, while in Japan – 14.1 million .
In the near future, watch company plans to increase its network of stores from 19 to 35. Already this year two new stores will be opened in Shanghai.