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Articles from DIAMOND JEWELLERY (1024 Articles), DIAMONDS BY CUT - BRILLIANT (ROUND) (290 Articles), (PAID ONLY) DIAMONDS LOOSE - FANCY CUT (122 Articles)










The Harry Winston sale to Swatch will go ahead
The Harry Winston sale to Swatch will go ahead

No stopping $1 billion Swatch-Harry Winston sale

Harry Winston Diamond Corporation has announced that the sale of its luxury brand diamond jewellery and timepiece division to the Swatch Group has been cleared to proceed.
The company expected the US$1 billion transaction to be finalised by tomorrow. Once the move is completed, which includes the Harry Winston brand name, the company will rename itself the Dominion Diamond Corporation.

As Jeweller reported in January, the companies announced that Swatch would pay US$750 million for the retail brand and its operations, and take on another US$250 million in debt.

Dominion Diamond Corporation will use the income to help finance its Ekati mine in Canada, bought from BHP Billiton. Ekati is Canada's first surface and underground diamond mine.

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