Sovereign Diamonds Limited announced earnings results for the third quarter ended December 31, 2019. For the third quarter, the company announced sales was INR 111.277 million compared to INR 111.923 million a year ago. Net income was INR 3.122 million compared to INR 2.136 million a year ago. Basic earnings per share was INR 0.54 compared to INR 0.37 a year ago. For the nine months, sales was INR 232.179 million compared to INR 303.697 million a year ago. Net loss was INR 8.432 million compared to net income of INR 3.355 million a year ago. Basic loss per share was INR 1.46 compared to basic earnings per share of INR 0.58 a year ago.