* Q4 net loss $1.19/shr
* Q4 sales slump 37 pct
* Says lower rough diamond production and prices hurt sales
April 2 (Reuters) - Diamond miner and retailer Harry Winston Diamond Corp HW.TO posted a fourth-quarter loss, hurt by an impairment charge, and said lower rough diamond production and prices weighed on its results.
For the fourth quarter, the company reported net loss of $73 million, or $1.19 a share, including an impairment charge of $93.8 million.
It had reported a profit of $90.4 million, or $1.55 a share, in the year-ago quarter.
For the quarter ended Jan. 31, sales fell 37 percent to $118.4 million due to lower rough diamond production and prices.
“Credit is the vascular system of the diamond industry. Its rapid decline last October shocked the diamond supply chain to a sudden standstill that persisted into this year,” Chief Executive Officer Robert Gannicott said in a statement.
Shares of Toronto-based company closed up 22 Canadian cents at C$3.85 Thursday on the Toronto Stock Exchange. (Reporting by Ashutosh Joshi in Bangalore; Editing by Deepak Kannan)