Harry Winston Diamond Corp shares are currently trading off about 5.4% on the day.

FORBES: HWD Stock Crowded With Sellers

The transaction does not include the Canadian-based diamond mining activities of Harry Winston Diamond Corp.

FORBES: Swatch Group Acquires Harry Winston's Luxury Retail Division For $1 Billion

Harry Winston Diamond Corp. is a business with assets in the mining and retail segments of the diamond industry.

FORBES: Harry Winston's Luxury Retail Business Is Not For Sale

When this transaction is completed the company, Harry Winston Diamond Corp.

FORBES: Swatch Group Acquires Harry Winston's Luxury Retail Division For $1 Billion

In response to recent media reports, Harry Winston Diamond Corp. issued a statement Thursday saying it is not in talks to sell its luxury jewelry and watch business.

FORBES: Harry Winston's Luxury Retail Business Is Not For Sale

In addition to being a luxury jeweler and timepiece company, Harry Winston Diamond Corp. operates as a diamond mining business with a 40 percent ownership interest in the Diavik Diamond Mine.

FORBES: Swatch Group Completes $1 Billion Harry Winston Acquisition

Swatch and Harry Winston Diamond Corp.

FORBES: Swatch Group Completes $1 Billion Harry Winston Acquisition

While many companies are struggling in this sluggish recovery Harry Winston Diamond Corp. seems to have the best of both worlds as it has businesses in the diamond mining sector and as a luxury jewelry and watch retailer.

FORBES: Harry Winston Consolidated Sales Up 26%

Harry Winston Diamond Corp.

FORBES: Harry Winston's Q3 Rough Diamond Sales Down 40%