ANALYSTS PRESENTATION ON GEM DIAMONDS GROWTH PROFILE

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05 Sep 2011

Gem Diamonds, the FTSE 250 listed diamond company, is today giving a presentation to analysts on the Letšeng Mine Expansion in Lesotho and the Ghaghoo project in Botswana.

The presentation will be available on the Gem Diamonds website http://www.gemdiamonds.com/ from 11am (BST).

For further information:
Gem Diamonds Limited

Richard Chetwode, Investor Relations
Tel: +44 (0) 203 043 0280
Mob: +44 (0) 759 0064 883

Gem Diamond Technical Services Ltd

Sherryn Tedder, Corporate Affairs
Tel: +27 (0) 11 560 9618
Mob: +27 (0) 83 943 4505

Pelham Bell Pottinger

James Henderson / James MacFarlane / Hanna Smith
Tel: +44 (0) 207 337 1500 / 861 3232

About Gem Diamonds:

Gem Diamonds Limited (LSE: GEMD) is a global diamond company that has been pursuing a long term growth strategy through targeted acquisitions and the development of existing assets. Under current market conditions, the Company is focused on the development of its cash generating assets and has curtailed all non-essential capital expenditure.

The Company's portfolio comprises producing kimberlite and lamproite mines, development projects and exploration assets, as well as diamond beneficiation centers. Operations and projects are situated in Angola, Australia, Belgium, Botswana, Lesotho and Indonesia.

With Letšeng's production of the world's most remarkable white diamonds and Ellendale's production of rare fancy yellow diamonds, Gem Diamonds is focused towards higher value diamonds. This segment of the market is expected to deliver attractive returns.