Citing the current unstable market conditions worldwide, and the current sovereign debt crisis, Harry Winston has decided to refrain from ‘broader rough diamond sales’, with exception of selling specific rough diamond assortments to specialist clients for the third quarter of this year. As such, the company expects ‘significant rough sales revenue from this period to be deferred into the fourth quarter, and possibly subsequent periods’.

The company though that despite the strain in market conditions, the consumer demand at retail level has not been directly impacted. Yet owing to the market instability, the manufacturers prefer to maintain liquidity as such concentrating more on selling than buying rough diamonds.