Harry Winston Diamond Corp. gained the most in more than two weeks after the diamond miner and jewelry retailer said demand for safe-haven investments will help lift diamond prices.
Harry Winston rose 98 cents, or 7.5 percent, to C$14 at 4:10 p.m. in Toronto Stock Exchange trading, the biggest one-day gain since Sept. 10. Shares of the Toronto-based company plunged 17 percent yesterday after the U.S. House of Representatives failed to pass a $700 billion bank-rescue plan.
A dearth of significant new mines also will lift diamond prices when the world's financial markets stabilize, Chief Executive Officer Robert Gannicott said yesterday in an interview in New York.
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