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Christie's Geneva Sale Totals $102M
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Christie’s Geneva sale of magnificent jewels totaled $102.1 million (CHF 98.8 million) with the top lot setting a record auction price for a colorless diamond. The auction sold 86 percent by lot and 93 percent by value....
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Polished Markets
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May 16, 2013
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Avi Krawitz
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Swatch Appoints Hayek as CEO of Harry Winston
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The Swatch Group appointed Nayla Hayek, the chairwoman of the company, as the new CEO of Harry Winston Inc., the former retail arm of Harry Winston Diamond Corporation. Hayek had already been nominated chairwoman...
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Retail
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May 10, 2013
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Jeff Miller
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Japanese Yen and Diamond Dollars
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Japan’s new government, elected this past December, seems intent on depreciating its currency as a means to stimulate the economy. A weak yen has mixed implications for the diamond and jewelry trade. As a net importer of polished...
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Polished Markets
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Apr 12, 2013
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Avi Krawitz
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Dominion Diamond Completes Ekati Acquisition for $553M
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Dominion Diamond Corporation, formerly Harry Winston Diamond Corporation, completed its planned acquisition of the Ekati diamond mine, which included associated diamond sorting and sales facilities in Yellowknife, Canada and Antwerp. Ekati consists...
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Mining
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Apr 10, 2013
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Jeff Miller
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Dominion Diamond's 4Q Sales +8%, Profit -10%
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Dominion Diamond Corporation, formerly known as Harry Winston Diamond Corporation, reported that sales from its mining operations rose 8 percent year on year to $110.1 million in the fourth quarter that ended on January 31, 2013....
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Mining
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Apr 04, 2013
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Avi Krawitz
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Mining
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Apr 02, 2013
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Avi Krawitz
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Dominion Diamond Completes Harry Winston Sale to Swatch
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Dominion Diamond Corporation, formerly Harry Winston Diamond Corporation, completed the sale of its luxury division, Harry Winston Inc., to the Swatch Group. As part of the $1 billion agreement, the mining company changed its name to Dominion Diamond. In connection with the name change, the company's stock...
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Financial-Legal
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Mar 28, 2013
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Jeff Miller
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Financial-Legal
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Mar 21, 2013
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Jeff Miller
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Financial-Legal
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Mar 15, 2013
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Jeff Miller
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Mining
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Mar 15, 2013
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Jeff Miller
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BHP's 1H Diamond Revenue -44%
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BHP Billiton reported that revenue from its diamond operations fell 44 percent year on year to $199 million in the six months that ended on December 31, 2012. Underlying earnings before interest and tax...
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Mining
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Feb 20, 2013
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Avi Krawitz
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Swatch's Profit +26% in 2012
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The Swatch Group reported that that its net income rose 26 percent year on year to $1.78 billion (CHF 1.61 billion) in 2012 and is subsequently optimistic about its long-term growth prospects going into 2013....
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Retail
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Feb 04, 2013
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Deena Taylor
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Polished Markets
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Jan 14, 2013
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Dilipp S Nag
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Harry Winston's 2Q Sales -20%, Profit -52%
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Harry Winston Diamond Corporation reported that its consolidated sales fell 20 percent year on year to $176.9 million during its second fiscal quarter of 2013 that ended on July 31. However, the integrated diamond company...
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Mining
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Sep 05, 2012
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Jeff Miller
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Mining
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Aug 21, 2012
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Jeff Miller
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Phillimore Retires From Harry Winston's Board
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Harry Winston announced that Roger Phillimore is retiring from the board of directors after more than 15 years as an independent director of the company. Phillimore joined the board in 1997, shortly after the discovery of the Diavik...
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Financial-Legal
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Aug 20, 2012
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Ricci Dipshan
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Harry Winston Estimates Rough Prices Fell 8% in 2Q
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Harry Winston estimated that rough diamond prices have declined by 8 percent since April as demand has softened. The company estimated that prices have dropped about 4 percent since the beginning of the year.Harry Winston...
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Rough Markets
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Jul 17, 2012
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Avi Krawitz
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Harry Winston Notes Rough Price Decline
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Prices for rough diamonds have softened about 15 percent in 2012, while demand for higher-value stones has weakened as polishers --using European banks-- find it more difficult to obtain credit, according to Harry Winston's chief executive,...
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Rough Markets
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Jun 19, 2012
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Deena Taylor
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Harry Winston's 1Q Revenue +34%, Profit Jumps to $12M
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Harry Winston Diamond Corporation reported first quarter sales rose 34 percent year on year to $192.5 million for the three months that ended on April 30, 2012. Mining segment sales jumped 44 percent to $89 million...
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Financial-Legal
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Jun 06, 2012
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Jeff Miller
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Polished Markets
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May 29, 2012
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Jeff Miller
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