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Operating loss during its fiscal full year was $2.3 million, and same-store sales fell short of expectations.
Fancy pink diamond prices increased by 0.7 percent in the second quarter.
Fancy yellow diamond prices declined, however, tempering the overall fancy color price increase.
The operator of off-price retail chains has 3,675 stores worldwide but said it could see itself with as many as 5,600 in the long term.
The debt-saddled costume jewelry retailer wants to refinance its debt to buy time to turn business around ahead of 2017 loan repayment.
The bead and jewelry company remains focused on strongly branded stores, opening more concept stores and shop-in-shops.
In the first six months of 2016, rough diamond sales increased 11 percent year-over-year to $3.1 billion for De Beers, while total sales were up 32 percent to $2.2 billion for rival Alrosa.
The diamond miners also saw increased profits, though production levels remain down as both companies look to control costs.
The strong performance of Bulgari watches and jewelry plus TAG Heuer’s smartwatch helped drive a decent first half for LVMH.
The maker of watches including Tissot and Omega reported an 11 percent drop in sales and a 52 percent decline in net income in the first half of the year.
National Jeweler

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