Harry Winston Diamond Corporat (HWD)

Harry Winston Diamond Corporation, a diamond company, engages in mining and retailing diamonds. The company supplies rough diamonds worldwide. It has a 40% ownership interest in the Diavik Diamond Mine located in the Northwest Territories, Canada. The company, through its subsidiary, Harry Winston Inc., engages in fine jewelry and watch retailing under the Harry Winston brand. Harry Winston Diamond Corporation also serves customers through a network of distributors internationally. It was formerly known as Aber Diamond Corporation and changed its name to Harry Winston Diamond Corporation in 2007. The company was founded in 1980 and is headquartered in Toronto, Canada.

For the six months ended 31 July 2006, Aber Diamond Corporation's revenues increased 15% to $259.2M. Net income increased 78% to $58.1M. Revenues reflect an increase in Mining segment sales and higher sales from Retail segment. Net income also reflects improved gross margins, the presence of foreign exchange gain vs. a loss related to the revaluation of the Canadian dollar, higher interest income and a decrease in provision for income taxes.