December 14, 2009

Harry Winston Drops Diamond Mine Shutter Plan

Filed under: Uncategorized — admin @ 12:51 AM
Harry Winston diamond Corp has dropped the plans of canceling winter production at diamond mine in Canada Northwest Territories. The winter shutdown of diavik diamond mine will run from December 1 till January 11. The company has stopped production temporarily at the mine in this summer due to diamond sales fragile. Production resumed to Aug 24 and Chairman and CEO, Robert Gannicott said, “We do not foresee a return to extreme conditions that would warrant a further shutdown.”

Diavik is an open pit mine that plans to start underground production early next year. The company says that it is expecting to stop open pit mining thereby 2012.

Also, Harry Winston operates a retail division that sells diamond jewelry and watches.

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