Harry Winston is considering selling its watch and jewellery business to concentrate on mining, according to Reuters.
A source close to the brand told the news agency that the company had begun speaking to potential buyers.
Subsequent speculative reports have thrown out potential buyer names as LVMH, PPR and Richemont but there has been no official statement from any of these companies, or Harry Winston itself.
Harry Winston has is set trecently opened its second retail outlet for its watches and jewellery in London with a new space in Harrods – the brand’s 25th retail location. The new space features a dedicated watch area and is housed within the Knightsbridge store’s fine jewellery room, which was recently revamped.