Aber Diamond
From Wikipedia, the free encyclopedia
Aber Diamond Corporation (TSX: ABZ; NASDAQ: ABER) is a Toronto, Canada specialist diamond mining and retail company.
The company holds a 40% stake in the Diavik Diamonds Project. Production at the Diavik Diamond Mine, Canada's second diamond mine, is operated by Aber's joint venture partner, Diavik Diamond Mines Inc., a subsidiary of Rio Tinto Group. The mine began producing diamonds in November 2002.
Aber's participation in the retail segment of the diamond pipeline is by means of its 51% controlling interest in Harry Winston, which they purchased in 2004. As of October 2006, Aber has a 100% ownership in Harry Winston.
Aside from its corporate office in Toronto, Aber Diamond also has a rough diamond sorting faciilty in Toronto and a marketing office in Antwerp, Belgium. Aber Diamond sells Tiffany & Co. about 25% of the diamonds in Aber's share and sells the remainder on the Antwerp open diamond market through its rough diamond dealer subsidiary, Aber International.
[edit] References
- ^ Aber Investor Relations. Retrieved on December 21, 2005.
- ^ Aber Diamond Corporation Company Profile. Yahoo! Business. Retrieved on December 21, 2005.
- ^ Marketing. Aber Diamond Corporation. Retrieved on December 21, 2005.
