Harry Winston says Diavik production up 19%

TSX-listed miner Harry Winston Diamond on Tuesday said diamond production increased by 19% at the Diavik mine in Canada’s Northwest Territories. The mine, which Harry Winston owns with Rio Tinto, produced 1.6-million carats from 500 000 t of...

Marriage of spun-out diamond assets may be best for Rio, BHP

With Rio Tinto broadcasting that it is joining bigger rival BHP Billiton in considering selling its diamond businesses, analysts said on Tuesday the diversified giants might rather combine the assets and list them. For starters, both have major...

Harry Winston falls after forecast cut but upbeat on outlook

Shares in Harry Winston Diamonds fell 13% on Friday, after the company lowered its rough-diamond production estimate for this year, but CEO Robert Gannicott painted a bullish picture of the diamond market and said he expects prices for rough...

Harry Winston posts Q2 profit, rough prices up 62%

Toronto-based Harry Winston Diamond Corp earned $16,5-million in the three months ended July 31 – the company's second quarter – compared with a $24,5-million net loss a year earlier. The company reported higher prices and sales volumes for...

'Fundamental shortage' of rough diamonds to underpin prices,
says Harry Winston

Rough diamond prices will continue strong, and increase further, as supply loses ground to global demand, Harry Winston Diamonds CEO Bob Gannicott said last week.

Trans Hex diamond demand back to precrash levels, rough shortage to underpin prices – Harry Winston, China, India keeping diamond prices up – Rockwell

Diamond pricing is close to pre-crash levels with demand fully back, says Trans Hex CEO Llewellyn Delport. Read further on page 10 of this edition of Mining Weekly of Delport anticipating that both demand and pricing will hold up going forward....

'Fundamental shortage' of rough diamonds to underpin prices – Harry Winston

Rough diamond prices will continue strong, and increase further, as supply battles to keep up with demand, Harry Winston Diamonds CEO Bob Gannicott said on Thursday. Harry Winston owns 40% of the Diavik diamond mine in Canada, and also sells...

Diavik launches underground mine

Underground production is now under way at the Diavik diamond mine, in Canada's icy Northwest Territories, operator Rio Tinto announced this week. The development is a key milestone for Diavik, which will transition to become a solely underground...

Harry Winston posts $24,5m Q2 loss

Toronto-based diamond-miner and high-end jewellery retailer Harry Winston Diamond Corp on Thursday reported a consolidated net loss of $24,5-million for the quarter ended July 31. The company recorded a net foreign exchange loss, primarily on...

Diamond deals on the decline

TORONTO (miningweekly.com) – Corporate activity in the diamond sector slowed by 73% in 12 months ended May 2009, compared with the year earlier, Canada's Metals Economics Group (MEG) said on Tuesday. According to the Halifax, Nova Scotia-based...

Harry Winston optimistic on sustained diamond market gains

Diamond miner and high-end jewellery retailer Harry Winston is confident it will find itself in “much better shape” at the end of the current year than the one just past, CEO Robert Gannicott told shareholders on Thursday. After the worst of...

Harry Winston wants more diamond-mining assets

Toronto-based high-end-jewellery retailer Harry Winston, which also owns 40% of the Diavik diamond mine, in Canada's Northwest Territories, hopes to snap up new sources of premium rough diamonds as larger, diversified miners may opt to sell...