Harry Winston Diamond Corporation Receives All Required Regulatory Approvals for the Sale of its Luxury Brand Segment

 Harry Winston Diamond Corporation Receives All Required Regulatory Approvals
                   for the Sale of its Luxury Brand Segment

  PR Newswire

  TORONTO, March 21, 2013

TORONTO, March 21, 2013 /PRNewswire/ --

Harry Winston Diamond Corporation (TSX:HW) (NYSE:HWD) (the "Company")
announced today that it has now received all required regulatory approvals to
the Company's proposed sale of its luxury brand diamond jewelry and timepiece
division, Harry Winston, Inc., to The Swatch Group Ltd. (the "Transaction").
The Company now expects that closing of the Transaction will occur on or about
March 26, 2013. As previously announced, the Company will, in connection with
the closing of the Transaction, change its name to Dominion Diamond

Cautionary Statement on Forward-Looking Information

This news release contains statements that constitute "forward-looking
statements" and/or "forward-looking information" within the meaning of
Canadian and United States securities laws (the "forward-looking information")
relating to the proposed sale of the luxury brand diamond jewelry and
timepiece division of the Company. Such forward-looking information is subject
to important risks, uncertainties and assumptions, including risks relating to
the timing of, and ability to satisfy, the remaining conditions to closing.
The results or events predicted in forward-looking information may differ
materially from actual results or events. As a result, readers are cautioned
not to place undue reliance on forward-looking information, which speaks only
as of the date of this disclosure, and should not rely upon this information
as of any other date. While the Company may elect to, it is under no
obligation and does not undertake to, update or revise any forward-looking
information, whether as a result of new information, further events or
otherwise at any particular time, except as required by law. Additional
information concerning factors that may cause actual results to materially
differ from those in such forward-looking statements is contained in the
Company's filings with Canadian and United States securities regulatory
authorities and can be found at  http://www.sedar.com  and 
http://www.sec.gov ,  respectively.

About Harry Winston Diamond Corporation

Harry Winston Diamond Corporation is a diamond enterprise with premium assets
in the mining and retailing segments of the diamond industry. The Company
supplies rough diamonds to the global market from its 40 percent ownership
interest in the Diavik Diamond Mine. The Company's luxury brand segment is a
premier diamond jeweler and luxury timepiece retailer with salons in key
locations, including New York, Paris, London, Beijing, Tokyo, Hong Kong and
Beverly Hills.

For more information, please visit  http://www.harrywinston.com or for
investor information, visit  http://investor.harrywinston.com .

Contacts: Mr. Richard Chetwode, Vice President, Corporate Development,
+44(0)7720970762, rchetwode@harrywinston.com

Ms. Kelley Stamm, Manager, Investor Relations, +1-416-205-4380, 
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