Gem prices to remain static in 2012, says Harry Winston boss

Harry Winston, which reported a $4.7-million third-quarter loss on a write-down, expects to see diamond prices remain flat next year, as a build up of rough inventories works its way through the market. Chairperson and CEO Robert Gannicott on...

Harry Winston says consumer demand still strong, delays rough sales

Shares in Harry Winston gained over 5% on Tuesday, after the Toronto-based company said that jewellery sales for the first two months of the third-quarter continued to increase, but that it was holding back on the sale of rough diamonds into a...

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...

Diavik production up on higher grades

Diamond production at the Harry Winston- and Rio Tinto-owned Diavik mine rose 11% to 1.7-million carats for the second quarter, because of higher grades, the companies said on Thursday. The mine, located in Canada’s Northwest Territories,...

Kinross gets preapproval for increased stake in Kupol mine

Russia has given preapproval for Kinross Gold to increase its ownership in the Kupol gold mine, in the Russian Federation's Far East Region, to 100%, the Toronto-based firm said on Friday. Kinross' local subsidiary applied for and received the...

Cheaper mining methods could increase Diavik resource

The owners of the Diavik diamond mine, in Canada's Northwest Territories, are studying possible changes to underground mining methods which have the potential to lower costs and could result in a future extension of the mineral resource estimate,...

Kinross sells Diavik interest back to Harry Winston

Canadian gold miner Kinross Gold has agreed to sell its interest in the Diavik diamond mine to partner Harry Winston for $220-million in cash, shares and debt, the companies announced on Friday. Kinross also said it will sell its 19,9% interest...

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 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...

Anglo says commodity prices stabilising, Rio sees Chinese steel rise in second half, De Beers sees diamond improvement signs

he prices of most commodities appear to have stabilised, says Anglo American CEO Cynthia Carroll. Read on page 5 of this edition of Mining Weekly of the copper price increasing by more than 50% off its December low, platinum going above $1 200/oz...

'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...