Harry Winston Diamond Corporation Announces Completion of Private Placement

    TORONTO, March 14 /CNW/ - Harry Winston Diamond Corporation (TSX: HW;
NYSE:   HWD) today announced that it has completed its non-brokered private
placement, previously announced on Monday, March 10, 2008. The Company issued
an aggregate of 3 million common shares at CAN$25 per share for proceeds of
CAN$75 million.

    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 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 www.harrywinston.com or for investor information,
visit investor.harrywinston.com.

    %SEDAR: 00003786E

For further information:

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

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Dominion Diamond Corporation

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