NOTICE OF HALF YEAR RESULTS

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20 Aug 2010

Gem Diamonds (LSE: GEMD) will announce its half year results for the period ending 30th June, 2010, on Tuesday, 24th August at 07.00 BST.

An analysts presentation will be held at the offices of JP Morgan Cazenove, 10 Aldermanbury, London, EC2V 7RF, at 09.30 BST, in the Morgan Room. A live webcast of the presentation to analysts will also be available on the Company's website (www.gemdiamonds.com)

For further information:
Gem Diamonds Limited

Clifford Elphick, Chief Executive Officer
Glenn Turner, Chief Commercial and Legal Officer
Tel: +44 (0) 203 043 0280

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

Gem Diamond Technical Services

Sherryn Tedder, Corporate Affairs
Tel: +27 (0)11 560 9600
Mob: +27 (0) 83 943 4505

Pelham Bell Pottinger

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