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...

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...

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 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...

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...

Kinross sale removes overhang - Harry Winston CEO

Harry Winston Diamond Corp, the miner and luxury goods retailer, will likely either buy another company, restart dividend payments, or embark on a share buy back programme in a year’s time, chairperson and CEO Robert Gannicott said on Thursday....

Harry Winston resumes search for own new diamond mines

Harry Winston, which has a 40% stake in Rio Tinto’s Diavik mine, aims to start exploring for its own diamond mines in Canada’s arctic over the next two years, CEO Robert Gannicott said on Wednesday. He said that the economic crisis had meant...

Harry Winston says rough diamond prices up 62%

TSX-listed Harry Winston Diamond Corp. on Tuesday reported net earnings for the year ended January of $21,7-million compared with a $73,2-million loss the previous year, as diamond prices increased 62%. Production at its 40%-owned Diavik mine...

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 Q3 profit

Harry Winston Diamond Corp earned $3,9-million in the three months ended October 31, compared with a $200 000 net loss posted a year earlier, the firm said on Thursday afternoon. The group said that consolidated revenue rose 88% year-on-year, to...

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,...