2012 November 14

Harry Winston's $500 Million Diamond Purchase

Comments | | Print

Sofia Vergara Donning Harry Winston Jewels Sofia Vergara Donning Harry Winston Jewels
Getty Images
View Gallery

Chic would settle for just one diamond ring, but for Harry Winston that is just not enough. Apparently, $500 million worth of diamonds is more up Winston's alley! Harry Winston Diamond Mines Ltd. has purchased BHP Billiton Ltd. (BHP)’s Ekati mine in Canada and its marketing operations, bearing a price tag of a cool $500 mil. Why make such a whopping purchase? The Ekati mine has produced more than $750 million of rough diamonds annually for the past five years, which is about six percent of world supply by value. Translation: a whole lot of happy brides-to-be.



The Fix

Mary Katrantzou

Mary Katrantzou To Collaborate With Adidas

Mary Katrantzou is entering the athletic wear realm with a new...

Read More »

Scene

Tom Collichio and Lori Silverbush

Food Bank For New York's 'Can Do' Event Does It Again

Where was every serious foodie in Manhattan on Wednesday night...

Read More »

Obsessions

Overnight Vitalizing Mask

Sleeping Beauty

WHAT: Sulwhasoo Overnight Vitalizing Mask...WHY: If your medicine...

Read More »