Richemont reported that revenue rose 15 percent year on year to $6.25 billion (EUR 5.82 billion) for the six months that ended on September 30, on the back of strong jewelry sale figures. The luxury group’s gross margin dropped one percentage point to 65 percent. Still, gross profit increased 13 percent to $4.07 billion.Sales at Richemont’s jewelry brands.

Fancy colored diamonds, a specialty of the Israeli diamond industry, will be widely available on the trading floor of the Israel Diamond Exchange.

Funds will be used for working capital, further development and debt repayment