The investment conglomerate Berkshire Hathaway, which owns jewelry companies Ben Bridge Jeweler, Borsheims Fine Jewelry, Helzberg Diamonds and Richline Group, as well as many other diversified assets, reported an increase in net income by 42% to $ 15.3 billion in 2012, is due to increased income from investments in derivatives and, to a lesser extent, retail sales, which did not show impressive results. Net income attributable to shareholders jumped 45% to $ 14.8 billion. Revenue rose 13% to $ 162.5 billion, Rapaport reports.
Nevertheless, Berkshire chairman Warren Buffett called the financial results of the company "not good enough", as the value of assets per share increased by only 14%, not reaching the index of the S & P 500. The
retail division of the company, including jewelry companies, retailers of furniture and household goods, See's Candies, Pampered Chef and Oriental Trading Company, registered a revenue growth of 4% year on year -. to $ 3.7 billion, profit before tax increased by only 2% to $ 306 million.
However, Buffett said stable state of the US economy and the situation in the retail sector, saying that the company expects growth in retail sales in 2013.