Suashish Diamonds Ltd, India’s leading diamond jewellery manufacturers and exporters, has posted substantial increase in the turnover for the first quarter ended 30th June 2008. Net Sales for Q1 was up 26.48% at Rs 230.91 crores from Rs 182.56 crores during the corresponding period of the last fiscal. The company has posted a PAT of Rs 18.99 crores as against Rs 26.32 crores for the same quarter last fiscal.

Announcing the results, Mr. Ashish Goenka Managing Director of Suashish Diamonds Ltd. said, “the diamond industry is passing through tough time due to slow down in US economy which is a major market for the Gems and Jewellery industry but Suashish has shown good growth due to its strong global marketing network.”

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About Suashish Diamonds

Suashish Diamonds is a publicly listed company and a DTC Sightholder with manufacturing units in India and Botswana in Africa with global distribution through subsidiaries and strategic partnerships in major markets across the world. Suashish supplies loose diamonds to the jewellery trade and has its own integrated jewellery manufacturing operations. They also supply superior finished jewellery to some of the largest multiple retailers around the world. Suashish Diamonds also have their Retail Brand called Ishis which they market in India through their own retail network.