Aber Corporation has acquired a 51% controlling interest in the luxury jeweler Harry Winston Inc., enhancing its vertical integration and market presence in the diamond industry.

Information on the Target

Aber Corporation has successfully acquired a 51% controlling interest in Harry Winston Inc., a renowned luxury jeweler famous for its exquisite diamonds and association with high-profile clientele. Established over 75 years ago, Harry Winston has earned a stellar reputation as 'the jeweler to the stars,' making it a prestigious name in the jewelry sector. The acquisition marks a significant shift in ownership as the brand has predominantly remained within the family since its inception.

This strategic purchase provides Aber Corporation, a Toronto-based diamond mining and exploration company, with a vital retail platform to sell its diamonds directly. As Aber enhances its operational capabilities through this vertical integration, it aims to strengthen its presence in the luxury goods market and leverage Harry Winston’s established brand value to drive sales.

Industry Overview in Canada

The luxury jewelry industry in Canada has witnessed consistent growth, driven by increased consumer spending on high-end goods and a rising demand for unique, bespoke pieces. Canadian consumers are incr