Harry Winston Inc Sold, Miner Now Called Dominion

(IDEX Online News) – Harry Winston Diamond Corporation completed the sale of its namesake luxury brand to the Swatch group and changed its name to Dominion Diamond Corporation. The company will announce its financial results on April 3.

Dominion has completed the sale of its luxury brand diamond jewelry and timepiece division, Harry Winston, Inc. to Swatch on Tuesday.

As part of the transaction, the company has changed its name to Dominion Diamond Corporation from Harry Winston Diamond Corporation. It also changed its stock symbol from "HW" to "DDC" on the Toronto Stock Exchange and from "HWD" to "DDC" on the New York Stock Exchange.

Dominion will release its fourth quarter and annual results for the period ended January 31 on Wednesday, April 3rd.

Dominion is now focused on mining and marketing rough diamonds. It owns 40 percent of the Diavik diamond mine in Canada's Northwest Territories and rough diamond sorting and sales operations in Canada, Belgium and India.

Currently it is awaiting regulatory clearance on the purchase of an 80 percent interest in the Ekati diamond mine from BHP Billiton, also located in the Northwest Territories of Canada, as well as a control interest in surrounding areas containing significant prospective resources.