De Beers sitting on largest diamond inventory since 2008, FT reports
The diamond giant has faced multiple headwinds in recent years.
Harry Winston Diamond Corp. (TSX:HW) expects sales of its luxury jewelry and timepieces to reach $1 billion per year in the next decade as the number of wealthy individuals continues to climb.
“There is an enormous concentration of wealth around the world,” Frederic De Narp, head of Harry Winston’s retail segment, said at the company’s annual general meeting Thursday.
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