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...

Potential diamond mine buyers few, says Harry Winston boss

There is a “narrowed field” of potential suitors for diamonds mines, owing to the complexities of the market, Canada’s Harry Winston chairperson and CEO Robert Gannicott said on Thursday. “It’s not easily undertaken by someone who is...

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...

Rio Tinto may put up diamond mines for sale

Diversified giant Rio Tinto has launched a strategic review of its diamond business, which would include potentially selling some of its assets in Australia, Canada and Zimbabwe. “We have a valuable, high-quality diamond business, but given its...

Slow start, but Canada diamond ice road operators not panicking

Above zero temperatures have set the 600-km ice road connecting diamond mines in Canada’s Northwest Territories with supplies slightly behind schedule since trucking began at the start of the month, but there is no reason to panic yet, the man...

Diavik production to grow in 2012

Harry Winston Diamond Corp said on Tuesday the Diavik mine in Canada’s Northwest Territories produced 6.7-million carats during 2011, about 3% less than the 6.9-million carats it had forecast, as a result of lower-than-expected amounts of...

Harry Winston posts $4.7m Q3 loss

Harry Winston, the luxury jewellery retailer and diamond miner, on Thursday said it swung to a $4.7-million net loss for the three months ended October 31, as tough trading conditions bit. While the company chose to withhold rough diamond sales...

Kinross adjusted Q3 profit up 134%, revenue tops $1bn

Kinross Gold, which operates mines in North and South America, Africa and Russia, made an adjusted profit of $273-million for the quarter ended September, which was 134% higher than the same period in 2010, the company said on Wednesday. Revenue...

Diavik Q3 gem production up 8%

Harry Winston Diamond Corp, which owns 40% of Canada’s Diavik mine, said on Thursday the operation produced 1.9-million carats in the third quarter – an 8% increase from the same period last year, owing to increased volumes and higher grades....

Diamond sales timing cuts Harry Winston's Q2 profit

Diamond miner and jewellery retailer Harry Winston late on Wednesday reported a 3% increase in gem sales for the quarter ended July, despite a 41% price rise, as the timing of diamond tenders impacted its results. This resulted in a 23% decrease...

Mountain Province snubs potential diamond suitors – for now

Mountain Province Diamonds, which has a joint-venture with De Beers in Canada's Northwest Territories, has received interest from companies interested in buying the TSX-listed firm out, but has decided to go it alone for now, CEO Patrick Evans...

Harry Winston boss says diamond demand already outshining supply

Diamond demand is already starting to outstrip supply, and will continue to do so until a major new mine is found and developed, Harry Winston chairperson and CEO Bob Gannicott said on Thursday. “In a way, we’re already seeing it now and I...