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.

As quoted in the market news:

A revised life-of-mine plan at Harry Winston Diamond Corp’s Northern Diavik diamond mine has taken some of the shine off the company’s stock.

Shares of Harry Winston were trading at $12.22 on the Toronto Stock Exchange around noon on Thursday.

Click here to read the full Financial Post report.