Harry Winston Luxury Watches

[paul]

Harry Winston Diamond Corporation is doing quite well for themselves even though the economy is slumping. The retailer of luxury jewelry including watches reported that in the second quarter of 2010 a total sales increase of 62 percent and retail sales increased 37 percent.

When asked about the second quarter Robert Gannicott the Chief Executive Officer for Harry Winston Diamond Corporation said “This quarter has demonstrated the continued recovery in the international diamond business and it has also shown additional improvement from our own business segments. Both mine production and rough diamond sales increased in parallel with the growth in retail sales from our network of international stores particularly at the high end. We expect further growth in retail sales supported by renewed marketing efforts as customers seek out true craftsmanship”

In the same period last year the corporation lost 32 cents per share but this year they gained 22 cents per share so far.