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Harry Winston Defers Rough Diamond Sales
Oct. 11, 2011 01:45PM PST
Gem InvestingFinancial Post reported Harry Winston Diamond Corp. (NYSE:HWD,TSX:HW) is deferring the sale of its rough diamonds.
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.
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