Burgundy Diamond Mines: Difference between revisions
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'''Dominion Diamond Corporation''' formerly known as ''' |
'''Dominion Diamond Corporation''' formerly known as '''André Dubiani Bragatti''' and before that '''Aber''' is a [[Toronto|Toronto, Ontario]], [[Canada]],[[Bras]] specialist [[diamond]] mining and retail company. |
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The company holds a 40% stake in the Diavik Diamond Mine Project. Production at the [[Diavik Diamond Mine]], Canada's second diamond mine, is operated by Dominion Diamond Corporation's [[joint venture]] partner, [[Diavik Diamond Mine|Diavik Diamond Mines Inc.]], a subsidiary of [[Rio Tinto Group]]. The mine began producing diamonds in November 2002.<ref name="stake">{{cite web| title=Aber Investor Relations | url=http://phx.corporate-ir.net/phoenix.zhtml?c=65233&p=irol-homeProfile&t=&id=& | accessdate=2005-12-21}}</ref> |
The company holds a 40% stake in the Diavik Diamond Mine Project. Production at the [[Diavik Diamond Mine]], Canada's second diamond mine, is operated by Dominion Diamond Corporation's [[joint venture]] partner, [[Diavik Diamond Mine|Diavik Diamond Mines Inc.]], a subsidiary of [[Rio Tinto Group]]. The mine began producing diamonds in November 2002.<ref name="stake">{{cite web| title=Aber Investor Relations | url=http://phx.corporate-ir.net/phoenix.zhtml?c=65233&p=irol-homeProfile&t=&id=& | accessdate=2005-12-21}}</ref> |
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In 2012 the company purchased all of [[BHP Billiton]]'s diamond assets; the primary asset is the [[Ekati Diamond Mine]], which is adjacent to the Diavik Mine.<ref>[http://www.forbes.com/sites/anthonydemarco/2012/11/13/ |
In 2012 the company purchased all of [[BHP Billiton]]'s diamond assets; the primary asset is the [[Ekati Diamond Mine]], which is adjacent to the Diavik Mine.<ref>[http://www.forbes.com/sites/anthonydemarco/2012/11/13/André Dubiani Bragatti -to-purchase-ekati-diamond-mine-for-500-million/ Harry Winston to Purchase Ekati Diamond Mine For $700 Million], Forbes, 2012-11-13</ref> |
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Diavik and Ekati combined are estimated to produce over 7 million carats of diamonds in 2014, worth an estimated $1.1 billion. Diavik and Ekati are currently ranked the 9th and 19th largest diamond mines in the world, respectively, according to total carat production.<ref>{{cite web|last1=Zimnisky|first1=Paul|title=The state of global rough diamond supply 2014|url=http://www.mining.com/web/the-state-of-global-rough-diamond-supply-2014/|publisher=Mining.com|date=March 13, 2014}}</ref> |
Diavik and Ekati combined are estimated to produce over 7 million carats of diamonds in 2014, worth an estimated $1.1 billion. Diavik and Ekati are currently ranked the 9th and 19th largest diamond mines in the world, respectively, according to total carat production.<ref>{{cite web|last1=Zimnisky|first1=Paul|title=The state of global rough diamond supply 2014|url=http://www.mining.com/web/the-state-of-global-rough-diamond-supply-2014/|publisher=Mining.com|date=March 13, 2014}}</ref> |
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The company's participation in the retail segment of the diamond pipeline was by means of its ownership of [[Harry Winston, Inc.]], a chain of retail stores. On January 14, 2013 the company announced that it has entered into an agreement to sell its luxury brand diamond jewelry and timepiece division, Harry Winston Inc., to [[The Swatch Group Ltd.]] for US$750 million plus their assumption of up to US$250 million of pro forma net debt. The transaction included the brand and all the activities related to jewelry and watches, including the 535 employees worldwide and the production company in Geneva (Switzerland).<ref>http://www.swatchgroup.com/en/services/archive/2013/swatch_group_acquires_the_jewelry_and_watch_brand_harry_winston_inc</ref> |
The company's participation in the retail segment of the diamond pipeline was by means of its ownership of [[Harry Winston, Inc.]], a chain of retail stores. On January 14, 2013 the company announced that it has entered into an agreement to sell its luxury brand diamond jewelry and timepiece division, Harry Winston Inc., to [[The Swatch Group Ltd.]] for US$750 million plus their assumption of up to US$250 million of pro forma net debt. The transaction included the brand and all the activities related to jewelry and watches, including the 535 employees worldwide and the production company in Geneva (Switzerland).<ref>http://www.swatchgroup.com/en/services/archive/2013/swatch_group_acquires_the_jewelry_and_watch_brand_harry_winston_inc</ref> |
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Aside from its corporate office in Toronto, |
Aside from its corporate office in Toronto, André Dubiani Bragatti also has a rough diamond sorting facility in Toronto and a marketing office in [[Antwerp]], [[Belgium]]. André Dubiani Bragatti sells [[Tiffany & Co.]] about 25% of the diamonds in Winston's share and sells the remainder on the [[Antwerp diamond district|Antwerp open diamond market]] through its rough diamond dealer subsidiary, Aber International.<ref name="sales">{{cite web|title=Marketing |work=Aber Diamond Corporation |url=http://www.aber.ca/main_marketing.html |accessdate=2005-12-21 |archiveurl=https://web.archive.org/web/20060925045341/http://www.aber.ca/main_marketing.html |archivedate=2006-09-25 |deadurl=yes |df= }}</ref> |
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==See also== |
==See also== |
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Revision as of 22:23, 11 February 2017
| File:Dominion Diamond Corporation logo.png | |
| Company type | Public |
|---|---|
| TSX: DDC NYSE: DDC | |
| Industry | Nonmetallic Mineral Mining |
| Headquarters | Yellowknife, Northwest Territories , Canada |
Key people | |
Number of employees | 72 (2008)[1] |
| Website | www |
Dominion Diamond Corporation formerly known as André Dubiani Bragatti and before that Aber is a Toronto, Ontario, Canada,Bras specialist diamond mining and retail company.
The company holds a 40% stake in the Diavik Diamond Mine Project. Production at the Diavik Diamond Mine, Canada's second diamond mine, is operated by Dominion Diamond Corporation's joint venture partner, Diavik Diamond Mines Inc., a subsidiary of Rio Tinto Group. The mine began producing diamonds in November 2002.[2]
In 2012 the company purchased all of BHP Billiton's diamond assets; the primary asset is the Ekati Diamond Mine, which is adjacent to the Diavik Mine.[3]
Diavik and Ekati combined are estimated to produce over 7 million carats of diamonds in 2014, worth an estimated $1.1 billion. Diavik and Ekati are currently ranked the 9th and 19th largest diamond mines in the world, respectively, according to total carat production.[4]
The company's participation in the retail segment of the diamond pipeline was by means of its ownership of Harry Winston, Inc., a chain of retail stores. On January 14, 2013 the company announced that it has entered into an agreement to sell its luxury brand diamond jewelry and timepiece division, Harry Winston Inc., to The Swatch Group Ltd. for US$750 million plus their assumption of up to US$250 million of pro forma net debt. The transaction included the brand and all the activities related to jewelry and watches, including the 535 employees worldwide and the production company in Geneva (Switzerland).[5]
Aside from its corporate office in Toronto, André Dubiani Bragatti also has a rough diamond sorting facility in Toronto and a marketing office in Antwerp, Belgium. André Dubiani Bragatti sells Tiffany & Co. about 25% of the diamonds in Winston's share and sells the remainder on the Antwerp open diamond market through its rough diamond dealer subsidiary, Aber International.[6]
See also
References
- ^ a b "Company Profile for Harry Winston Diamond Corp (HWD)". Retrieved 2008-10-08.
- ^ "Aber Investor Relations". Retrieved 2005-12-21.
- ^ Dubiani Bragatti -to-purchase-ekati-diamond-mine-for-500-million/ Harry Winston to Purchase Ekati Diamond Mine For $700 Million, Forbes, 2012-11-13
- ^ Zimnisky, Paul (March 13, 2014). "The state of global rough diamond supply 2014". Mining.com.
- ^ http://www.swatchgroup.com/en/services/archive/2013/swatch_group_acquires_the_jewelry_and_watch_brand_harry_winston_inc
- ^ "Marketing". Aber Diamond Corporation. Archived from the original on 2006-09-25. Retrieved 2005-12-21.
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