Is Harry Winston Diamond Corporation vertically integrated?
No. The Company focuses on the most profitable segments of the diamond pipeline: mining of rough diamonds and retail of luxury diamond jewelry and timepieces. Harry Winston does not participate in the cutting and polishing of diamonds.
For more detailed company information, click here.
Are diamonds from the Diavik Diamond Mine used in Harry Winston Jewelry?
Harry Winston Diamond Corporation does not transfer its rough diamonds from the Diavik Diamond Mine directly to its jewelry and timepiece division. While the Diavik Diamond Mine produces some of the world's highest quality diamonds, the Company does not track the final destination of its rough diamonds. The mining division sorts, values and sells parcels of rough diamonds to various manufacturers for cutting and polishing.
Cut and polished diamonds meeting the luxury brand division's exacting standards of quality are purchased independently from a variety of sources. Certainly some diamonds originating from Diavik have been included in Harry Winston jewelry creations.
How does Harry Winston avoid dealing in conflict diamonds?
Harry Winston purchases polished diamonds only from legitimate sources that subscribe to an international system of certification and warranties known as the Kimberley Process Certification Scheme (KPCS) and The System of Warranties. The KPCS is a joint government, diamond industry and NGO initiative that imposes extensive requirements on its member countries to enable them to certify the origin of their rough diamonds and prevent illicit or "conflict" diamonds from entering legitimate trade. The System of Warranties is an extension of the Kimberley Process where members of the diamond trade provide a written guarantee on all invoices that the diamonds are conflict free. All warranties whether given or received must be audited and reconciled on an annual basis. The System of Warranties provides assurance that diamonds are from conflict free sources all the way to the diamond jewelry retailer.
Canada is a member of the KPCS and diamonds from the Diavik Diamond Mine, in which the Company holds a 40 per cent interest, are conflict free.
How do you sell the diamonds you produce?
The Company sells its 40% share of diamonds from the Diavik Diamond Mine by first sorting and valuing the diamonds which are then sold by its own sales team directly to diamond manufacturers (cutters and polishers) through its offices in Antwerp, Belgium and Mumbai, India.
Click here for more information on sorting and selling
How does Harry Winston practice environmental stewardship?
The Diavik Diamond Mine is operated by Diavik Diamond Mines Inc., a subsidiary of London-based Rio Tinto plc, Harry Winston Diamond Corporation's partner. Rio Tinto plc is one of the largest and most highly regarded mining companies. As an active and responsible partner in Diavik, Harry Winston Diamond Corporation is fully engaged in the maintenance of high safety and operating standards and sound corporate sustainability practices.
Diavik Diamond Mine publishes an annual Sustainable Development Report on its sustainability practices and performance.
When was the Company incorporated?
Harry Winston Diamond Corporation (previously known as Aber Diamond Corporation), was originally formed in 1994, the same year in which the Diavik Diamond Mine was discovered. In 2006, the Company completed the purchase of its luxury brand segment, Harry Winston Inc., and took its present name in November 2007.
How do I buy Company shares?
Please contact a brokerage firm to buy shares.
The Company’s common shares are traded on the Toronto Stock Exchange (TSX) under ticker symbol HW, and the New York Stock Exchange (NYSE) under ticker symbol HWD.
How can I receive news updates from Harry Winston?
You may receive the Company's financial and news information automatically by email by submitting your email address here.
How can I apply for employment at Harry Winston?
There are no openings at the current time. However, should you wish to have your information kept on file, please email your resume to: humanresources@harrywinston.com.
Harry Winston Diamond Corporation is an equal opportunity employer.
How many people does the Company employ?
As of January 31, 2011, the Company and its subsidiaries employed 549 full time personnel worldwide. There are approximately 875 people employed at Diavik who are employees of the mine operator, Diavik Diamond Mines Inc., a subsidiary of Rio Tinto plc.
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