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While retailing luxury goods turns over more cash, mining diamonds can be more profitable, so...

While retailing luxury goods turns over more cash, mining diamonds can be more profitable, so Harry Winston (HWD +5.4%) is getting out of the luxury retail business and returning to its mining roots. The sale means HWD is now cashed up for future purchases, and a deal to buy Rio Tinto’s (RIO) 60% stake in the Diavik mine is “an obvious one" to consider if the price is right, CEO Robert Gannicott says.
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