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Last updated on April 18, 2014 at 16:52 EDT

Harry Winston Diamond Corporation Responds to Recent Media Reports

October 18, 2012

TORONTO, Oct. 18, 2012 /PRNewswire/ – In response to recent media reports,
Harry Winston Diamond Corporation (TSX: HW, NYSE: HWD) (the “Company”)
today announced that while it is the Company’s general policy not to
comment on market rumours, it confirms that it has received various
indications of interest regarding a potential purchase of its luxury
brand segment. It is not in active negotiations regarding any such
transaction.

The Company does not intend to make any further public announcements
regarding this matter unless it concludes that they are warranted by
the circumstances or are required by law.

About Harry Winston Diamond Corporation
Harry Winston Diamond Corporation is a diamond enterprise with premium
assets in the mining and retail segments of the diamond industry. Harry
Winston 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, Shanghai, Hong Kong, Singapore, Tokyo and Beverly
Hills.

The Company focuses on the two most profitable segments of the diamond
industry, mining and retailing, in which its expertise creates
shareholder value. This unique business model provides key competitive
advantages; rough diamond sales and polished diamond purchases provide
market intelligence that enhances the Company’s overall performance.

SOURCE Harry Winston Diamond Corporation


Source: PR Newswire