6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549
 

FORM 6-K
 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16

OR 15D-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of  March, 2009 Commission File Number:  0-17227

HARRY WINSTON DIAMOND CORPORATION

(Translation of registrant’s name into English)

P.O. Box 4569, Station A

Toronto, ON, Canada   M5W 4T9

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

	Form 20-F £	Form 40-F Q
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): £
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): £
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
	Yes £	No  Q

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): N/A

 SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

DATED as of the 19^th day of March, 2009.

HARRY WINSTON DIAMOND CORPORATION
(Registrant)
By:	/s/	LYLE R. HEPBURN
	Name:	Lyle R. Hepburn
	Title:	Corporate Secretary

EXHIBIT INDEX

EXHIBIT	DESCRIPTION OF EXHIBIT
1	Harry Winston Diamond Corporation’s news release dated March 19, 2009 announcing US$150 million strategic investment by Kinross Gold Corporation.

EX-1

Exhibit 1

Harry Winston announces US$150 million strategic investment by Kinross

TORONTO, March 19, 2009  - Harry Winston Diamond Corporation (TSX-HW; NYSE-HWD) (“Harry Winston”) is pleased to announce a strategic investment by Kinross Gold Corporation (TSX-K; NYSE-KGC) (“Kinross”), whereby Kinross will make a net investment of US$150 million to acquire an indirect interest in the Diavik diamond mine and a direct equity stake in the company.  As part of the transaction the parties have agreed to jointly consider other opportunities in the diamond mining industry.

According to the terms of the agreement signed today, Kinross has agreed to subscribe for 15.2 million treasury shares from Harry Winston at a price of US$3.00 per share, being approximately 19.9% of the company’s issued equity post the transaction. Kinross has the right to maintain this equity level by participating in future equity financings.  In addition, Kinross has agreed to subscribe for new partnership units representing a 22.5% interest in the limited partnership which holds Harry Winston’s 40% joint venture interest in the Diavik Diamond Mine, for a net effective subscription value of US$104.4 million. Following closing of the transaction, Kinross will be offered a seat on Harry Winston’s Board of Directors.

Harry Winston will use the US$150 million proceeds of the transaction to repay existing bank debt and for general corporate purposes.  In addition the proceeds will fund Harry Winston’s share of the capital costs to complete the underground expansion of the Diavik mine that will provide access to reserves which take the mine life to beyond 2022.  Harry Winston will continue to market the Partnership’s entire share of diamond production from the Diavik mine, including the portion attributable to Kinross' interest.

This new relationship will enable the company to access Kinross’ mining expertise in a broad variety of geographic environments, as well as their financial strength, to complement the acknowledged diamond expertise of Harry Winston.   

“We welcome this important investment by one of the world’s leading mining companies,” said Bob Gannicott, Chairman and CEO of Harry Winston.   “We look forward to developing our relationship with Kinross as we build our company and consider new opportunities for future growth.”

Because of the current challenging global economic conditions the Harry Winston board has decided to suspend dividend payments for the time being.

The Kinross transaction strengthens Harry Winston’s balance sheet both to withstand the uncertainties of the current global economic environment and to be able to take advantage of opportunities that may become available during this turbulent period.

The completion of the Kinross transaction is subject to customary closing conditions including regulatory approval.

Harry Winston Diamond Corporation (TSX: HW; NYSE:HWD) will release its Fiscal 2009 Fourth Quarter and Year-End results for the period ended January 31, 2009, after market hours on Thursday, April 2, 2009.

Harry Winston and Kinross will host a conference call for analysts, investors and other interested parties on Thursday, March 19, 2009 at 4:45 p.m. ET, followed by a question-and-answer session.

To access the call, please dial:
North America: 1-866-543-6405; passcode 65480867
International:  1-617-213-8897; passcode 65480867

You may also access the conference call on a listen-only basis at:
http://investor.harrywinston.com or www.kinross.com

A telephone replay of the call will be available one hour after the call until 11:59 p.m. ET on April 3, 2009. To access the call replay, please dial:

North America: 1-888-286-8010; passcode 40769914
International: 1-617-801-6888; passcode 40769914

You may also access a replay of the call at:

http://investor.harrywinston.com or www.kinross.com

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

For further information, please contact:

Investor Relations - (416) 362-2237 ext 290 or investor@harrywinston.com