Topic: How To Invest

Hello Pat: Could I have your opinion please on Harry Winston? Thank you.

Article Excerpt

Harry Winston Diamond Corp., $15.33, symbol HW on Toronto (Shares outstanding: 80.9 million; Market cap: $1.3 billion; www.harrywinston.com), is engaged in both the mining and retail segments of the diamond industry. The company owns 40% of the Diavik diamond mine at Lac de Gras in the Northwest Territories. It also owns a 100% interest in luxury diamond retailer Harry Winston. The company markets most of its share of Diavik’s diamonds through its marketing arms in Antwerp, Belgium; and Mumbai, India. Harry Winston sells its line of jewellery and timepieces through its 19 Harry Winston salons. Eight of these stores are in the U.S., two are in Europe and nine are in the Far East. These stores are mainly located in major cities, including New York, Paris, London, Beijing, Tokyo and Beverly Hills. The company is opening two more salons in Shanghai later this year. Harry Winston makes its timepieces at its factory in Geneva, Switzerland. It sells a limited amount of…