Berkshire Hathaway Sees Retail Jump

By Rapaport News / August 05, 2018 / www.diamonds.net / Article Link

RAPAPORT... Revenue from the retail division of Warren Buffett'sBerkshire Hathaway increased 5% to $3.93 billion in the second quarter, thecompany reported Saturday. The improvement in the division, which includes jewelrychains Borsheims, Helzberg Diamonds and Ben Bridge Jeweler, was boosted inlarge part by the company's automotive sector and the sale of pre-ownedvehicles. Pre-tax earnings for the entire retail unit climbed 22% to $764million. Revenue from manufacturing of consumer products, whichincludes jewelry maker Richline, rose 8% to $3.23 billion.

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