The share price of the Harry Winston Diamond Corporation dropped again Wednesday to $11.59, a decline of 4.9%, Financial News Network Online reports.Last week, the diamond company’s share price gained 2.4%, rising to $11.87. In the past 52 weeks, Harry Winston Diamond share prices have ranged from $9.14 to $18.23.
On September 26, the Financial News Network reported that that company’s share price had dropped nearly 29% since September 7, which showed that the luxury brand’s sales were up 98% year-on-year at a total of $132.8 million, while its diamond production had increased 11% year-on-year.
Harry Winston’s rough diamond sales, however, were down from 0.78 million carats in Q2 2010 to 0.57 million carats for the quarter reported.
-The Israeli Diamond Industry
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