Harry Winston News
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Harry Winston, the watch and jewelry brand that Swatch Group AG acquired this year, yesterday paid a record $26.7 million for a colorless diamond in Geneva.
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Swatch Group AG, the biggest maker of Swiss timepieces, said Nayla Hayek will replace Frederic de Narp as leader of the Harry Winston luxury jewelry and watches unit following its acquisition of the brand earlier this year.
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KKR & Co., the private-equity firm run by Henry Kravis and George Roberts, is considering a bid for Rio Tinto Group’s stake in an Australian copper and gold mine, two people with knowledge of the matter said.
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Swatch Group AG, the biggest maker of Swiss timepieces, agreed to buy the Harry Winston watch and jewelry unit for about $1 billion, adding a luxury label in its biggest acquisition.
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Harry Winston Diamond Corp. said a minority stakeholder of the Ekati diamond mine sued to block the company’s proposed acquisition of BHP Billiton Ltd.’s 80 percent share of the Canadian operation.
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Harry Winston Diamond Corp.’s $1 billion sale of a luxury unit to Swatch Group AG provides the cash to invest more in diamond mining, a business that last year was more than twice as profitable as jewelry.
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Harry Winston Diamond Corp., selling its luxury retail unit to Swatch Group AG, is interested in buying Rio Tinto Group’s 60 percent stake in the Diavik mine in Canada’s Northwest Territories.
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Harry Winston Diamond Mines Ltd. agreed to buy BHP Billiton Ltd.’s Ekati mine in Canada and its marketing operations for the precious stones for $500 million.
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Harry Winston Diamond Corp., a watch and jewelry retailer that’s selling its luxury retail unit to Swatch Group AG, will raise jewelry prices in Japan as the yen’s drop to a three-year low makes imports more expensive.
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In Shinzo Abe’s Japan, diamond rings and logo handbags will cost more -- to buy and to sell.
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