Harry Winston Diamond Corp. (TSX:HW,NYSE:HWD) announced that it has agreed to sell Harry Winston Inc., its diamond jewelry and timepiece component, to The Swatch Group Ltd. for US$750 million. The Swatch Group will also take on up to US$250 million of pro forma debt.
Here's a look back at what happened in the diamond market in 2012.
Harry Winston Diamond Corp. (TSX:HW,NYSE:HWD) announced its fiscal 2013 third-quarter results for the quarter ended October 31, 2012, commenting that its net income totaled $3.4 million ($0.04 per share) compared to a net loss of $4.7 million ($0.06 per share) in the year-ago quarter.
Harry Winston Diamond Corporation (TSX:HW,NYSE:HWD) announced a share purchase agreement with BHP Billiton Canada Inc., including controlling interest in the Ekati diamond mine.
The Globe and Mail reported that Harry Winston Diamond Corp. (TSX:HW,NYSE:HWD) is going to buy BHP Billiton Ltd.'s (NYSE:BHP,ASX:BHP,LSE:BLT) diamond business for US$500 million. BHP has shied away from large new investments over the past year and recently revealed that it might leave the diamond mining industry.
Zacks.com announces it list of five stocks to sell now, including Harry Winston Diamond Corporation (NYSE:HWD).
Harry Winston Diamond Corporation (TSX:HW,NYSE:HWD) announced the Diavik Diamond Mine produced 1.93 million carats from 0.52 million tonnes of ore processed in the third quarter of 2012.
Harry Winston Diamond Corporation (TSX:HW,NYSE:HWD) announced its second quarter Fiscal 2013 results for the quarter ending July 31, 2012.
Financial Post reported Scotia Capital Markets Analyst Tanya Jakusconek lowered Harry Winston Diamond (NYSE:HWD,TSX:HW) share’s to $16 from $19.50 and downgraded the stock to perform.
Harry Winston Diamond Corporation (TSX:HW,NYSE:HWD) announced an updated life-of-mine plan for the Diavik diamond mine.
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