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Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
Dominion Diamond Corporation
Type
Public
Traded as TSX: DDC
NYSE: DDC
Industry Nonmetallic Mineral Mining
Headquarters Calgary, Alberta, Canada
Key people
  • Patrick Evans (CEO)
Products Diamonds
Revenue Decrease$720.57 million USD (2016)
Operating income
Decrease$7.99 million USD (2016)
Number of employees
72 (2008)
Parent The Washington Companies
Website www.ddmines.com

Dominion Diamond Mines (formerly known as Dominion Diamond Corporation, Harry Winston, and Aber) is a Canadian specialist diamond mining company.

The company holds a 40% stake in the Diavik Diamond Mine Project. Production at the Diavik Diamond Mine, Canada's second diamond mine, is operated by Dominion Diamond Mines' joint venture partner, Diavik Diamond Mines Inc., a subsidiary of Rio Tinto Group. The mine began producing diamonds in November 2002.

In 2012 the company purchased all of BHP Billiton's diamond assets; the primary asset is the Ekati Diamond Mine, which is adjacent to the Diavik Mine.

Diavik and Ekati combined are estimated to produce over 7 million carats of diamonds in 2014, worth an estimated $1.1 billion. Diavik and Ekati are currently ranked the 9th and 19th largest diamond mines in the world, respectively, according to total carat production.

The company's participation in the retail segment of the diamond pipeline was by means of its ownership of Harry Winston, Inc., a chain of retail stores. On January 14, 2013 the company announced that it has entered into an agreement to sell its luxury brand diamond jewelry and timepiece division, Harry Winston Inc., to The Swatch Group Ltd. for US$750 million plus their assumption of up to US$250 million of pro forma net debt. The transaction included the brand and all the activities related to jewelry and watches, including the 535 employees worldwide and the production company in Geneva (Switzerland).

Aside from its corporate office in Calgary, Dominion Diamond Mines also has a rough diamond sorting facility in Toronto and a marketing office in Antwerp, Belgium. Harry Winston sells Tiffany & Co. about 25% of the diamonds in Winston's share and sells the remainder on the Antwerp open diamond market through its rough diamond dealer subsidiary, Aber International.

In March 2017, Dominion Diamond announced it had received an unsolicited and non-binding expression of interest from The Washington Companies to acquire the Company for US$1.1 billion.

In June 2017, a deal was signed with online diamond retailer James Allen to make it the exclusive online retailer of CanadaMark diamonds.

Investment goal date:
Dividends reinvested
Dominion Diamond Corporation DDC report Q2 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q4 2017
2018-04-12
--
--
Q3 2017
2017-12-07
--
--
Q2 2017
2017-09-06
0.2000
0.3900
Q1 2017
2017-06-12
0.0900
-0.0900
Q4 2016
2017-04-12
-0.0200
0.0700
Q3 2016
2016-12-08
-0.0600
0.3400
Q2 2016
2016-09-08
-0.2600
-0.3900
Q1 2016
2016-06-08
-0.0300
-0.0100
Q4 2015
2016-04-13
-0.1800
-0.4100
Q3 2015
2015-12-10
0.0800
0.0800
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
1832 Asset Management L.P.
1002700
Connor, Clark & Lunn Investment Management Ltd.
1038910
FMR LLC
1320385
Halcyon Management Partners LP
1735332
Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp
1287704
INTREPID CAPITAL MANAGEMENT INC
1460283
K2 PRINCIPAL FUND, L.P.
2588550
Neuberger Berman Group LLC
2890263
RENAISSANCE TECHNOLOGIES LLC
2651398
ROYAL BANK OF CANADA
2554055
Scheer, Rowlett & Associates Investment Management Ltd.
1152546
SCHRODER INVESTMENT MANAGEMENT GROUP
1153303
TD ASSET MANAGEMENT INC
2912862
TIG Advisors, LLC
1522589
Vanguard Group, Inc
1607625
Major Shareholders
Name Relationship
Total Shares
Holding stocks