Beijing time on January 14 evening news, top jewelry brand in the world, the

Beijing time on January 14 evening news, top jewelry brand in the world, the "king of diamonds," said Harry Winston Diamond Corporation (NYSE: HWD) on Monday announced that it had agreed to sell his watch and jewelry brand replica watches to $ 1 billion sold to the largest Swiss watch manufacturer Swatch Group (Swatch Group). Harry Winston watch High Switching Mode Atlas> This will help to expand the range of Swatch luxury, and being able to focus on their Harry Winston diamond mining companies. Under the agreement, watch repair baton rouge Swatch Harry Winston will pay $ 750 million in cash, and will take up to $ 250 million in debt. In the course of acquisition: Harry Winston manufacturing company in Geneva. Harry Winston said President Robert Gannicott future supply of rough diamonds to the global market of his company, and the company was renamed Dominion diamond. Gannicott said: "In our acquisition of the brand Harry Winston, the replica watches diamond is still very scarce resources, investment opportunities and expensive ...... today has a number of resources diamond investment opportunities, but left the value of the luxury brand has increased significantly, so this action represents our initial investment in a solid return. watch repair baton rouge "This transaction is subject to regulatory approval, the transaction is completed, 500 employees of Harry Winston join the Swatch. In October of last year there were reports that Harry Winston is considering the sale of its watches and jewelry business in order to focus on their diamond mining operations, and is working with the French luxury goods LVMH Moet Hennessy (LVMH) and PPR (ie PCD) and other potential buyers came. Harry Winston jewels activate or deactivate the Atlas> Harry Winston is to ensure that the sources of the diamond mining industry in various jewelry manufacturers. The company and Rio Tinto (RIO) has a joint venture relationship, watch repair baton rouge the two sides have Diavik diamond mine in Canada's largest, watch repair baton rouge 40% and 60% of capital. Last November, watch repair baton rouge Harry Winston has also announced the acquisition will be $ 500 million BHP Billiton (BHP) in Canada's oldest diamond mine EKATI 80% stake. In terms of sales, Swatch is the largest watch manufacturer in the world, last year replica watches uk sales of up to 8.1 billion Swiss francs. The CEO Nick Hayek told Reuters in an interview that Harry Winston brand in 4-5 years can produce more than one billion Swiss francs ($ 1.1 billion) in sales, as well as 250 million Swiss francs profit net. The acquisition will have access Swatch currently Richemont (Richemont) dominate the market of high-end jewelry. Hayek said: "If you look at sales continue to grow significantly watch repair baton rouge in 2012 in general, then in 2013 the sales of CHF 90 million, is something at hand, including this acquisition, including watch repair baton rouge sales will grow even more. " Swatch and renamed after the company diamond replica watches uk Dominion will continue to cooperate in transactions for the purchase of diamonds. The two companies also consider the formation of a joint venture possibilities of diamond polishing - Swatch is the world's largest consumer of polished diamonds. see more Swiss Rolex and Breitling Skyracer