Hydrogen carbon and oxygen isotope analyses were determined, where applicable, on phlogopite megacrysts (two samples), serpentine megacrysts (two), unweathered matrix (nine), carbonated granulite xenoliths (two), a carbonatite dyke and weathered yellow kimberlite from diatremes in Lesotho (Kao, Matsoku) and South Africa (Monastery, New Elands, Premier, Wesselton) and dykes and sills in Lesotho (Kaunyane) and South Africa (Benfontein, Du Plessis). The D H ratios of phlogopite megacrysts are in the range previously reported for possible upper mantle derived phlogopites: −40 to −70 per mil, SMOW. D H ratios of the serpentinized megacrysts and the hydrous phases of the matrix, dominantly serpentine and/or phlogopite, are depleted in D by 20 to 55 per mil relative to the phlogopite megacrysts from, in some cases, the same sample. Serpentine megacrysts and serpentine-rich matrix samples are depleted in 18O by up to 6 per mil relative to both phlogopite-rich and olivine-rich matrix, and “normal” ultramafic values. The H- and O-isotope data indicate that meteoric-hydrothermal fluids interacted with the kimberlite during the major serpentinization processes. The origin of fluids associated with matrix phlogopite cannot be defined specifically: magmatic, metamorphic or exchanged meteoric waters with very low water/rock ratios (< 0.2 at.% oxygen) or some combination are possible. The isotopic “thermometers” indicate very approximately that the matrix phlogopite crystallized at temperatures on the order of 200° to 500°C and serpentinization process occurred at 50° to 200°C. Carbonates from the matrix, carbonatite dykes and xenoliths have δ 18O = +7 to +21 per mil, SMOW and δ 13C = −3 to −7.5 per mil, PDB. The C-isotope ratios are similar to those for most diamonds and primary igneous carbonatites and are similarly variable at a single locality. They are compatible with a genetic relationship among these carbon sources. The 18O enrichment of most kimberlite carbonates is a result of the relatively low temperature of exchange with other matrix minerals and/or with meteoric-hydrothermal fluids. Loss of CO 2 + H 2 O fluid during degassing may contribute to the H- and C-isotope variations in a kimberlite. The water content of kimberlite magmas were probably substantially less than the 5 to 10 wt.% H 2O observed in many diatreme-facies kimberlites. The preservation of diamonds in a kimberlite may be critically dependent on both the initial water content of the mell and the stage and temperature at which large-scale influx of ground waters into the kimberlite occured. Weathered yellow kimberlite is isotopically distinctive from our matrix samples.