The board of directors of Larry Jewelry International Company Limited announced it is anticipated that the group will record an increase in loss for the nine months ended 30 September 2014 as compared with its unaudited consolidated results for the nine months ended 30 September 2013. Such increase in loss was mainly as a result of the substantial decrease in the group's revenue of approximately 15% due to the downturn of the luxury retail market in Southeast Asia and Greater China, and the temporary close of a store in Singapore for renovation in the second quarter of 2014.