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 Corporation.
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 www.sedar.com and 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.
SOURCE Harry Winston Diamond Corporation