Harry Winston May Purchase Second Canadian Diamond Mine

Ekati diamond mine. Photo credit: Jason Pineau, through Wikipedia

Harry Winston is in talks to purchase an important asset of BHP Billiton’s diamond business, according to published reports.

The Toronto-based company, which describes itself as a diamond enterprise with premium assets in the mining and retail segments of the diamond industry, has secured bank financing for a possible deal to buy the Ekati diamond mine in Northwest Territories of Canada, according to the Financial Times. However, the deal, which was to be completed by mid year is going slower than expected and could even break down.

Harry Winston, best known as a luxury jewelry and watch retailer, already owns a 40 percent share in the Diavik diamond mine in the same area with Rio Tinto, which owns a 60 percent stake.

Both BHP Billiton and Rio Tinto announced in November 2011 that they are looking to get out of the diamond business to focus on larger, more-profitable assets from their vast mining businesses.

It’s a complicated matter, according to the report, because if Rio Tinto agreed to sell Diavik to Harry Winston, it would make it more difficult for the mining giant to sell the rest of its diamond assets.

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Royal China for the Royal Baby Available for Purchase

The official trust of the royal family has released a set of china commemorating the new son of Prince William and Catherine, Duchess of Cambridge.

Royal Collection Trust presented the official range of china Wednesday and has made it available for preorder. The items are decorated with scrolls incorporating the name and birth date of their son (who has reportedly been given the title of Prince of Cambridge), with the lion and unicorn from the Royal Arms supporting the coronet of the duke and duchess of Cambridge, surrounded by oak leaves from the Middleton coat of arms.

The four-piece set was be made in Stoke-on-Trent, a pottery center in Staffordshire, England, by the same potteries that produced the official china celebrating the marriage of The Duke and Duchess of Cambridge in 2011, and marking The Queen’s Diamond Jubilee in 2012 and the 60th anniversary of the Coronation this year. Using methods and techniques that have remained unchanged for 250 years, every item is hand-made from fine bone china and gilded in 22K gold before being gift-wrapped in tissue paper and boxes designed for the occasion.

The items include a pillbox for 30 British pounds ($46), a small loving cup for 39 pounds ($60), a dessert plate for 45 pounds ($70) and a limited-edition loving cup for 195 pounds ($300), of which 2,013 will be produced. Three of the items are pictured above.

All profits from the sale of the china are dedicated to The Royal Collection Trust, a registered charity. The Royal Collection is one of the largest and most important art collections in the world, and one of the last great European royal collections to remain intact. It is held in trust by The Queen as Sovereign for her successors and the nation. It is not owned by her as a private individual. The aim of The Trust are the care and conservation of the Royal Collection, which receives no public funding, and the promotion of access and enjoyment through exhibitions, publications, loans and educational programs.

“The range is contemporary in style, while maintaining the traditional formality of royal commemorative china,” said Nuala McGourty, Royal Collection Trust’s retail director. “The design also makes reference to the heritage of both parents.

The china can be preordered online by following this link.  

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