Harry Winston Diamond Corporation Announces Additional US$40 Million to its Recently Refinanced Luxury Brand Credit Facility

TORONTO, Nov. 7, 2012 /PRNewswire/ – Harry Winston Diamond Corporation (TSX:
HW, NYSE: HWD) (the “Company”), is pleased to announce that the
Company’s luxury brand subsidiary, Harry Winston Inc., has completed
the syndication of its existing senior secured revolving credit
facility by adding an additional US$40 million to its recently
completed US$260 million secured five year credit agreement.   The
amended facility of US$300 million has no scheduled repayments required
prior to the maturity date, which remains August 30, 2017.  There were
no changes to the existing credit agreement covenants, interest rates,
borrowing base or maturity date.

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 retail, 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.

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

SOURCE Harry Winston Diamond Corporation