Harry Winston Diamond seeking to sell jewellery and watches division

Harry Winston at Harrods, London

Canadian based Harry Winston Diamond Corporation, specialized in diamonds, is reported to be seeking the sale of its watches and jewellery division. According to French magazine Challenges, Harry Winston already approached luxury groups LVMH and PPR. In the second quarter of 2012, Harry Winston Diamond Corp registered a net profit of US$ 4,8 million and a turnover of US$ 176,9 million, of which rough diamonds accounted for US$ 61 million and retail sales of jewellery and watches. The company owns 40% of the Diavik Diamond Mine in North Canada.