| Business Summary | | Lazare
Kaplan
International,
Inc.
is
engaged
in
the
cutting,
polishing
and
selling
of
ideally
proportioned
diamonds
that
it
markets
internationally
under
the
brand
name
Lazare
Diamonds.
Ideally
proportioned
diamonds
are
distinguished
from
non-ideal
cut
(commercial)
diamonds
by
the
symmetrical
relationship
of
their
facets,
which
maximizes
brilliance,
sparkle
and
fire.
In
addition,
through
a
cooperative
agreement
with
the
largest
Russian
diamond
mining
company,
the
Company
cuts
and
polishes
commercial
diamonds
at
three
diamond
cutting
facilities
in
Russia
which
it
markets
to
wholesalers,
distributors
and,
to
a
growing
extent,
retail
jewelers. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Lazare
Kaplan
International
is
engaged
in
the
cutting,
polishing
and
selling
of
ideally
proportioned
diamonds
which
it
markets
internationally
under
the
brand
name
Lazare
Diamonds'r'.
For
the
nine
months
ended
2/28/01,
revenues
fell
27%
to
$211
million.
Net
income
before
accounting
change
fell
33%
to
$2
million.
Revenues
reflect
a
decrease
in
rough
diamond
sales.
Net
income
also
reflects
increased
S/G/A
expenses
due
to
higher
advertising
costs. Recent Earnings Announcement For
the
3
months
ended
05/31/2001,
revenues
were
59,830;
after
tax
earnings
were
-465. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Maurice Tempelsman, 71 Chairman | $210K | Leon Tempelsman, 44 Vice
Chairman, Pres | 390K | Robert Speisman, 47 Sr.
VP of Sales | 254K | William Moryto, 42 VP,
CFO | -- | Lucien Burstein, 78 Sec.,
Director | -- | Dollar amounts are as of 31-May-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|