On March 19, Kinross, one of Canada’s largest gold producers, said

it would invest US$150 million in Harry Winston. The acquisition

gives Kinross a 15% total stake in the Diavik diamond mine in the

Northwest Territories and a 20% stake in Harry Winston.

“For Kinross, this represents a strategic investment that is accretive

and has the potential to create excellent long-term value for our

investors,” says Kinross President & CEO Burt Tye. “We believe that,

as with gold, the long-term supply and demand fundamentals for

high-quality diamonds are strong.”