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Dwyka Diamonds Ltd (NYO)

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Thursday 21 July, 2005

Dwyka Diamonds Ltd

Diamond Sale

Dwyka Diamonds Limited
21 July 2005


                             Dwyka Diamonds Limited

                  DWYKA RECEIVES US$130,000 FROM DIAMOND SALE

Dwyka Diamonds Limited ('Dwyka' or 'the Company')(Tic:DWY), the Aim listed
diamond producer and developer, today announces that it has sold an 18.11 carat
octahedron diamond of H/I colour and SI2 quality for in excess of US$7,100 per
carat from the Company's Nooitgedacht Alluvial Mine in South Africa.

Commenting on the sale today Melissa Sturgess, Executive Chairman, said:
'Today's US$130,000 diamond sale follows a trend of strong sales for 2005, which
has also seen a parcel sold for US$200,000 and a single 54 carat stone
generating US$360,000 of revenues for Dwyka. What Dwyka shareholders are now
seeing are the clear benefits of the optimisation programme we undertook at
Nooitedacht plant to improve all areas of diamond production.'

For further information please contact:

In Australia:                          In United Kingdom:
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Melissa Sturgess                       Laurence Read/ Leesa Peters
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Dwyka Diamonds Limited                 Conduit PR
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(+618) 9324 2955 923                   +44 (0)20 7618 8760 / +44 (0)7979 955
               
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Or visit: http://
www.dwykadiamonds.com                                     
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