Harry Winston Defers Rough Diamond Sales

Financial Post reported Harry Winston Diamond Corp. (NYSE:HWD,TSX:HW) is deferring the sale of its rough diamonds.

As quoted in the market news,

That is an issue for Harry Winston, which produces rough diamonds from the Diavik mine in the Northwest Territories. On Monday, the company deferred rough sales into the fourth quarter, and possibly beyond, rather than sell them into “an unstable market that seeks bargains.” The company did not offer specific guidance.

Click here to read the full Financial Post report.