Harry Winston Diamond Corp. plans to sell its diamond jewellery unit and watch division to The Swatch Group. The deal is expected to be worth around $1 billion, reports add. After the deal, Swatch will trade the luxury division under the name Dominion Diamond Corp, reports say.
The deal will also entail that Harry Winston maintain a polished diamond sourcing relationship with Swatch Group and seek opportunities for a joint diamond polishing venture., reports add.
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