Diamond Investments Delayed

SMH reported expected diamond deals between BHP Billiton (NYSE:BHP), Rio Tinto (NYSE:RIO) and Harry Winston Dimaonds (NYSE:HWD) are likely to take longer than originally expected.

As quoted in the market news:

Speaking in Canada, Robert Gannicott, chief executive of Harry Winston, did nothing to douse speculation that his company was a possible buyer of the diamond assets that BHP and Rio have thrust into the shop window over the past six months.

But he told investors not to expect movement soon.

Click here to read the full SMH report.