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RAPAPORT… Graff Diamonds International’s revenue and profit dropped last year, according to the luxury jeweler’s latest financials.

Sales fell 10% to $569.6 million in 2016, while profit slumped 66% to $15.8 million, the recent filing showed. The London-based retailer saw UK sales decline 5% to $34.3 million, with revenue from the rest of the global network down 10% to $535.3 million…

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