Berkshire Hathaway Calls Its Jewelers’ Earnings “Flat”

Berkshire Hathaway’s jewelry retailers produced flat earnings and lower revenues in the third quarter of 2012, the company said in its latest 10-Q.

The Warren Buffett-chaired holding company owns Borsheims, Helzberg Diamonds, and Ben Bridge Jeweler.

The filing did not mention Berkshire’s other jewelry business, manufacturer Richline.

The three retailers are grouped together in a category that includes home furnishing retailers, whose revenues and earnings rose, as well as See’s Candies.

Overall, for the first nine months of 2012, revenues and pretax earnings for the retail category increased 5 percent and 19 percent, respectively, over 2011.

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