The company noted pressures from precious metal and diamond costs, as gold prices have remained elevated, and a shift to higher-priced, lower margin products in their revenue mix.
Despite the growth in revenue, increasing diamond and precious metals prices as well as weak consumer sentiment had a negative impact on sales, particularly in its traditional bridal jewelry market, the company said.
Prosecutors say Taylor gave Campbell a diamond during the war in Sierra Leone, contradicting Taylor's testimony that he never handled the precious stones that fueled the conflict.