Company announcements

H1 2010 Trading Update to be released on Monday 19 July

16 July 2010

Gem Diamonds Limited (LSE: GEMD) would like to announce that they will be releasing their H1 2010 Trading Update on Monday 19th July 2010 at 7.00am.

For further information:

Investor Relations
Richard Chetwode
Tel: +44 (0) 7590 064 883

Gem Diamond Technical Services
Sherryn Tedder
Tel: +27 (0)11 560 9600

Pelham Bell Pottinger
James MacFarlane/ Charles Vivian
Tel: +44 (0) 20 7861 3232

About Gem Diamonds

Gem Diamonds Limited (LSE: GEMD) is a diamond mining and marketing company with a specific focus towards higher value diamonds, a segment of the market that its management believes will deliver superior long term returns.

Under current market conditions, Gem Diamonds is pursuing a near term strategy of focusing on cash preservation and generating maximum cash flow from its producing assets, the Letšeng Mine in Lesotho and the Kimberley Diamonds' Ellendale E9 Pipe in Australia. These two operations continue to produce amongst the world's finest white and fancy yellow diamonds respectively.

© 2009 Gem Diamonds Limited

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