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&lt;td valign="top" align="left"&gt;&lt;font style="FONT-FAMILY: Times New Roman" size="2"&gt;&lt;b&gt;Contingencies:&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
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&lt;td valign="top" align="left"&gt;&lt;font style="FONT-FAMILY: Times New Roman" size="2"&gt;The Company and its
subsidiaries, in the normal course of business, become involved
from time to time in litigations and claims. While the final
outcome with respect to claims and legal proceedings pending at
March&amp;#xA0;30, 2013 cannot be predicted with certainty, management
believes that adequate provisions have been recorded in the
accounts where required and that the financial impact, if any, from
claims related to normal business activities will not be
material.&lt;/font&gt;&lt;/td&gt;
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&lt;td valign="top" width="4%" align="left"&gt;&lt;font style="FONT-FAMILY: Times New Roman" size="2"&gt;(b)&lt;/font&gt;&lt;/td&gt;
&lt;td valign="top" align="left"&gt;&lt;font style="FONT-FAMILY: Times New Roman" size="2"&gt;From time to time, the
Company guarantees a portion of its private label credit card sales
to its credit card vendor. At March&amp;#xA0;30, 2013 and
March&amp;#xA0;31, 2012, the amount guaranteed under such arrangements
was approximately $6.0 million and $4.4 million, respectively. At
March&amp;#xA0;30, 2013 and March&amp;#xA0;31, 2012, the Company has
recorded in accrued liabilities a reserve of $0.4 million and $0.3
million, respectively, associated with this guaranteed
amount.&lt;/font&gt;&lt;/td&gt;
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&lt;td valign="top" width="4%" align="left"&gt;&lt;font style="FONT-FAMILY: Times New Roman" size="2"&gt;(c)&lt;/font&gt;&lt;/td&gt;
&lt;td valign="top" align="left"&gt;&lt;font style="FONT-FAMILY: Times New Roman" size="2"&gt;The Company has entered
into an agreement with Prime Investments S.A. under the terms of
which Prime Investments will supply the Company with at least 45%,
on an annualized cost basis, of the Company&amp;#x2019;s loose diamond
requirements upon the satisfaction of certain conditions (see note
14(d)).&lt;/font&gt;&lt;/td&gt;
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&lt;td valign="top" align="left"&gt;&lt;font style="FONT-FAMILY: Times New Roman" size="2"&gt;The Company entered into a
five-year distribution agreement with Damiani International B.V.
(&amp;#x201C;Damiani&amp;#x201D;) during fiscal 2010 in which the Company
purchased an aggregate cost value of $10.6 million of jewelry
products from Damiani for sale by the Company in Canada and the
United States. The agreement provides that the Company will pay for
the products on an annual basis beginning on February&amp;#xA0;15, 2010
based on the cost value of the products sold during the previous
year. However, the Company must make minimum annual payments
totaling an aggregate amount of $5.6 million during the term of the
agreement. Under this agreement, the Company is also required to
replenish certain jewelry products sold during each previous
quarter with payment on these purchases required within 90 days of
receipt during the life of the agreement. The Company also has the
right to return up to $5.0 million of any unsold Damiani products
at the end of the term of the agreement. The total amount payable
under this agreement is included in accounts payable.&lt;/font&gt;&lt;/td&gt;
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