There was a 70 percent drop in the net sales of Suashish Diamonds, which amounted to $15.1 million during the fourth fiscal quarter ended March 31, 2009. The company noted a net loss worth $4.1 million, in comparison to a net profit of $1.1 million in the said three months last year. The company has been slashing expenses by 68 percent, with which the expense account amounted to $15 million in the three months. %% In the entire fiscal, the company incurred a net loss of $12.3 million and a 25 percent drop in sales which valued at $149.7 million.