Diamond Prices, Production Struggles

Globe and Mail reportedHarry Winston Diamond Corp.(NYSE:HWD,TSX:HW) is struggling with increasing diamond supply and low prices in the slumped economy.

As quoted in the market news:

The Toronto-based gem company said on Tuesday that it would likely not sell all of its production in the fiscal second quarter ending this month, and that it expects to have higher-than-normal inventories as diamond cutters encounter difficulties arranging affordable financing.

Click here to read the full Globe and Mail report.