Swatch buys Harry Winston jewellery arm

Swatch has purchased Harry Winston's high-end watches-to-necklaces division, according to reports Monday.

Swatch has purchased Harry Winston's high-end watches-to-necklaces division, according to reports Monday.

The Swiss watchmaker is paying $750m for the jeweller to the stars, in an effort to expand its luxury offering. Canada's Harry Winston will turn its focus to its diamond mines.

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