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.
Blame Fed Chair Janet Yellen, as she said earlier this week that a rate hike in December was a “live possibility” if the economy continued to perform well.
From his perch in Johannesburg, Swiss-born Craton Capital Fund Advisor Markus Bachmann has been watching the metals price and cost cycles, and he has some good news.
Most mining companies and financiers active in Mexico, Central and South America continue to explore, develop and operate projects despite current market conditions.