Harry Winston sells its luxury division to Swatch

By Cecilia Jamasmie

Canadian Harry Winston Diamond Corp. (TSX:HW, NYSE:HWD) announced Thursday it expects the sale of its luxury diamond jewellery and watches division to the Swatch Group to close by Tuesday next week.

The two companies announced the transaction in January, with the Swatch Group paying $750 million plus the assumption of up to $250 million of …read more

Other Favorite Posts You Might Like...

Hello world! Welcome to WordPress. This is your first post. Edit or delete it, then start blogging!
Peru to double current copper output by 2016: mine... By MINING.com Editor Peru will more than double its copper production from the current 1.3 million tons to 2.8 million by 2016, said the country’s Minister of Energy and Mines Jorge Merino during th...
American Eagle gold bullion coin sales jump By Kerry Hall The US Mint sold 80,500 ounces of American Eagle gold bullion coins during February compared to 21,000 ounces the previous year in that month for a 283% increase, reports Mineweb. In t...