Rough diamond prices up 61% from Q1 bottom - Harry Winston

Rough diamond prices have improved by at least 61% from the lows experienced at the weakest point of the market, in the first quarter of the year, Harry Winston Diamonds CEO Robert Gannicott said on Wednesday. The company has seen a sustained...

Diavik winter shutdown officially cancelled

The Diavik diamond mine, in Canada's Northwest Territories, will not shut down this winter as earlier planned, Harry Winston Diamond Corp confirmed on Wednesday. Harry Winston, with Kinross Gold, owns 40% of the mine and diversified miner Rio...

Diavik could ramp up output on brightening outlook – Harry Winston

The owners of the Diavik diamond mine, in Canada's Northwest Territories, are considering changes to the mine plan once again, this time to ramp up output in response to a firming rough diamond market, Harry Winston CEO Robert Gannicott revealed...

Harry Winston posts $45,1m Q1 loss

Toronto-based diamond-miner and high-end jewellry retailer Harry Winston on Thursday reported a consolidated net loss of $45,1-million for the three months ended April 30. A year earlier, the company posted a $21,13-million profit.

Diavik 2009 output now seen at 5m – 6m carats

Production at the Diavik diamond mine, in Canada's Northwest Territories, is forecast at between 5-million and 6-million carats this year, as the mine's owners seek to match output to weaker demand for rough diamonds. About 1,3-million tons of...

'If not a bottom, then a plateau' – Harry Winston on diamonds

Toronto-listed Harry Winston has begun to see some improvement in the pricing and demand for its share of the rough diamonds produced at the Diavik mine, in Canada's Northwest Territories, and is cautiously optimistic that the worst may be over...

Harry Winston posts $73m Q4 loss

Toronto-based Harry Winston Diamond Corp lost $73-million in the three months ended January 31, compared with net earnings of $90,4-million reported in the same period a year earlier. For the full year, the firm achieved net earnings of...

Planned shutdowns, job cuts on the cards for Diavik mine

The Diavik diamond mine, in Canada's Northwest Territories, will be closed for six weeks from July 14, and then again in early December for the same period, in response to "challenging global market conditions", Harry Winston Diamond Corp said on...

Harry Winston gains, Kinross falls after surprise announcement

Shares in diamond-miner and high-end jewellery retailer Harry Winston Diamonds gained 35% on Friday, after the firm announced that Kinross Gold will buy just under 20% in the company. Kinross will spend $150-million to buy 19,9% of Harry Winston,...

Kinross takes a shine to diamonds with stakes in Harry Winston, Diavik

On Thursday, Canadian gold miner Kinross Gold made the announcement that industry experts have been waiting for – the firm will use its comfortable cash reserves for an acquisition. However, CEO Tye Burt still had the pleasure of provoking...

Harry Winston may seek bigger stake in Diavik mine if Rio mulls sale

Toronto-based Harry Winston, which owns 40% of the Diavik diamond mine, in Canada's Northwest Territories, may seek to increase its stake in the mine if partner Rio Tinto, which holds the balance and operates the mine, puts its share up for sale....

Harry Winston posts $49,9m Q2 profit

Toronto-based Harry Winston Diamond Corporation lifted second-quarter net earnings to $49,9-million, from $20,1-million a year earlier, the firm reported on Tuesday. The high-end-jewellery retailer, which also owns 40% of the Diavik diamond mine,...