We consider the dilute Curie-Weiss model of size $N$, which is a generalization of the classical Curie-Weiss model where the dependency structure between the spins is not encoded by the complete graph but via the (directed) Erdős-Rényi graph on $N$ vertices in which every edge appears independently with probability $p(N)$. In the high temperature with external magnetic field regime ($0<β<1,h\in\mathbb{R}$) we prove for $p^{3}N^{2}\to\infty$ sharp cumulant bounds for the magnetization for the annealed Gibbs measure implying a central limit theorem with rate, a moderate deviation principle, a concentration inequality, a normal approximation bound with Cramér correction and mod-Gaussian convergence.