Dominion Diamond Corporation Announces Completion of the Sale of its Luxury Brand Segment
27 March 2013 - 8:00AM
PR Newswire (Canada)
TORONTO, March 26, 2013 /CNW/ - Dominion Diamond
Corporation (the "Company") announced today that it has completed
the previously announced sale of its luxury brand diamond jewelry
and timepiece division, Harry
Winston, Inc. to The Swatch Group Ltd. As part of the
transaction, the Company has changed its name to Dominion Diamond
Corporation from Harry Winston Diamond Corporation. In
connection with this name change, the Company's stock symbol will
change from "HW" to "DDC" on the Toronto Stock Exchange and from
"HWD" to "DDC" on the New York Stock Exchange.
About Dominion Diamond
Corporation
Dominion Diamond Corporation is focused on
the mining and marketing of rough diamonds to the global market
from attractive operating mine assets that present low political
risk. Our business encompasses 40% of the Diavik Diamond Mine
in Canada's Northwest Territories and rough diamond
sorting and sales operations in Canada, Belgium and India. The Company is awaiting regulatory
clearance on the purchase of an 80% interest in the Ekati Diamond
Mine, also located in the Northwest
Territories of Canada, as
well as a control interest in surrounding areas containing
significant prospective resources.
For more information, please visit
www.ddcorp.ca
SOURCE Dominion Diamond Corporation
Copyright 2013 Canada NewsWire
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