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...

Diamcor strikes funding, offtake deal with Tiffany & Co

Diamcor Mining on Tuesday announced it had secured $5,5-million in financing from Tiffany & Co, which gives the jewellery retailer the right to buy all future production from the TSX V-listed junior’s South African project it bought from De...

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...

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 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...

Gem Diamonds sets up cutting and polishing facility in Dubai

LSE-listed diamond-miner Gem Diamonds on Friday announced that it would "capture additional margin post the mine gate" with the establishment of a cutting and polishing facility, as well as the establishment of proposed off-take agreements from...

Emerging markets ensure jewellery demand remains robust

Toronto-based high-end jewellery retailer Harry Winston Diamond Corp, which also owns a 40% interest in the Diavik diamond mine, in Canada's Northwest Territories, increased sales by 22% in the year ended January 31, to $679,3-million, the...

SA gem firm teams up with Tiffany jewelers

South African diamond cutting and polishing firm Rand Precision Diamonds (RPD) has announced its landmark partnership agreement with Tiffany & Company, the premier American jewellery retailer - in a deal which will further enhance black...

US jeweller continues tanzanite ban

One of the largest jewellery dealers in the US is, at least temporarily, continuing its boycott of tanzanite despite US government assurances that the gem is not being used to finance terrorist operations.