Harry Winston Diamond Corporation Announces Appointment of New Chief Financial Officer

    TORONTO, Jan. 20 /CNW/ - Harry Winston Diamond Corporation (TSX: HW;
NYSE:   HWD) today announced Alan Mayne will join the Company as Chief Financial
Officer effective immediately. He will report to Robert Gannicott, Chairman
and Chief Executive Officer. Mr. Mayne is replacing Alice Murphy, who is
leaving the company.
    Most recently Mr. Mayne was Chief Financial Officer of CHUM Limited, one
of Canada's leading media companies. Previously he worked at TD Securities
Inc. for six years in a number of key senior positions, ultimately becoming
Managing Director and Co-Head of Mergers & Acquisitions. Prior to joining TD
Securities in Toronto in 1998, Mr. Mayne spent seven years in London, England,
primarily with UBS Investment Bank. Mr. Mayne holds a Bachelor of Commerce
(Honours) from Queen's University and a CFA Designation.
    "Alan's background and experience will be invaluable to us as we continue
to pursue our global growth strategy," said Mr. Gannicott. "His addition to
the senior management team builds on our efforts to take a disciplined
approach to maximizing shareholder value from our unique position in the
diamond business."
    Mr. Gannicott added, "On behalf of the management, directors and
shareholders of the company, I would like to thank Alice for her contributions
over the past four years. The Company has benefited from her expertise and we
wish her every success in the future."

    About Harry Winston Diamond Corporation

    Harry Winston Diamond Corporation (TSX: HW; NYSE:   HWD) is a specialist
diamond enterprise with assets in the mining and retail segments of the
diamond industry. The Company supplies rough diamonds to the global market
from its 40% interest in the Diavik Diamond Mine, located at Lac de Gras in
Canada's Northwest Territories. The company's retail division, Harry Winston
Inc., is a premier jewelry and timepiece retailer with salons in key locations
including New York, Paris, London, Beijing, Tokyo and Beverly Hills. For more
information, please go to investor.harrywinston.com.

    %SEDAR: 00003786E

For further information:

For further information: Nancy Murray, nmurray@harrywinston.com, (212)
245-2000; Kelley Stamm, kstamm@harrywinston.com, (416) 362-2237 ext 223

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Dominion Diamond Corporation

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