Blue Nile Inc (NILE.O) posted a lower quarterly profit that missed expectations as sales fell, and said the economic downturn prevented it from giving a financial outlook, sending its shares down 9.7 percent.
The following stocks were on the move at the BSE on Monday. At 12:56 p.m., the benchmark 30-share BSE index was down 3.18 percent at 9,328.58 points. The 50-share National Stock Exchange Index was down 3.1 percent at 2,856.9 points.
Jeweler Finlay Enterprises, stung by liquidity woes, reported a 20 percent fall in fourth-quarter sales as U.S. consumers curtailed spending amid a weak economy. In December, the company warned that the U.S.
Signet Jewelers, the Anglo-American jewellery retailer, reported on Thursday a sharp fall in fourth-quarter underlying sales and said it would outline plans to cut costs and generate more cash in March.
Tiffany & Co cut its profit forecast again on Wednesday after sales over the holiday season fell 21 percent as the weak economy dealt a hard blow to the upscale jeweler, sending its shares down nearly 7 percent.
Hollywood's biggest and most beautiful stars donned their finest to strut down the red carpet at the Golden Globes on Sunday with strapless gowns, chandelier earrings, bold colours and black the top choices.
Russian state diamond miner Alrosa has secured a 44.2 billion rouble ($1.59 billion) loan from state-controlled bank VTB (VTBR.MM) which will allow it to redeem its short-term debt this year, VTB said on Friday.