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Damiani Reports 80 Percent Drop in First-Quarter Earnings

Sales slumped in Italian jewelry firm's home market as production costs increased.

By Andrew Roberts

financial/news

MILAN – Damiani SpA reported a near 80 percent drop in first-quarter earnings after sales slumped in the jeweler's core market of Italy and revenues fell due to non-recurring items.

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Latest Articles from Business

Damiani Reports 80 Percent Drop in First-Quarter Earnings

Sales slumped in Italian jewelry firm's home market as production costs increased.

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