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RAPAPORT… Gitanjali Gems’ share price slumped last week after the
Indian jeweler reported a drop in sales and profit for its fiscal third quarter,
which ended December 31, 2016.
The company, one of India’s largest jewelry retailers,
said revenue fell 1.4 percent year on year to $499.9 million (INR 33.53
billion) during the period. Net profit slid 17 percent to $8.7 million (INR
5…

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