Jewel & Jewel

If you just gotta have your iPhone 3G and BlackBerry on you at all times, these homemade earrings will hold you over while your real phone is charging up.

They’re offered on Barb Feldman’s Etsy shopping site. The iPhone earrings run for $22 a pair, while the BlackBerry earrings sell for $19 a set.

Katrina Kaif replaced Aishwarya Rai in Nakshatra. Aishwarya Rai Bachchan, who was till late considered as the most saleable celebrity globally. But, little did anyone expect that she will be toppled by a relative newcomer like Katrina Kaif.

Tiffany & Co. reported results for the three months (second quarter) and six months (first half) ended July 31, 2008. Strong net sales growth in Asia-Pacific and Europe led to an 11% increase in worldwide net sales in the second quarter. Combined with a higher operating margin, this resulted in a 21% increase in net earnings from continuing operations and a 31% increase in earnings per diluted share in the quarter. These results enabled the Company to slightly increase its earnings expectation for the full year.

Net sales in the second quarter increased 11% to $732.4 million. On a constant-exchange-rate basis which excludes the effect of translating foreign-currency-denominated sales into U.S. dollars (see attached “Non-GAAP Measures” schedule), worldwide net sales rose 7% and comparable store sales declined 1%.

In the first half, net sales rose 11% to $1.40 billion. On a constant-exchange-rate basis, sales increased 7% and comparable store sales rose 1%.

Net earnings from continuing operations in the second quarter rose 21% to $80.8 million, and increased 31% on a diluted per share basis to $0.63 from $0.48 in the prior year. Net earnings per diluted share were $0.29 in the prior year due to a loss from discontinued operations. Net earnings on a diluted per share basis benefited from fewer shares outstanding due to the Company’s share buy-back program.

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