Recovery of high quality 126 carat diamond

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Gem Diamonds Limited (LSE: GEMD) is pleased to announce the recovery of a high quality 126 carat, D colour Type IIa diamond from the Letšeng mine in Lesotho.

Today’s announcement follows the news of the recovery of two high quality diamonds in June 2017, a 104.73 carat diamond and a 151.52 carat yellow diamond from Letšeng, the highest dollar per carat kimberlite diamond mine in the world.

The Gem Diamonds Limited LEI number is 213800RC2PGGMZQG8L67.

For further information:

Gem Diamonds
Susan Wallace, Company Secretarial department
Tel: +44 (0) 203 043 0280
ir@gemdiamonds.com

Celicourt Communications
Joanna Boon/Mark Antelme
Tel: +44 (0) 207 520 9261

ABOUT GEM DIAMONDS:

Gem Diamonds is a leading global diamond producer of high value diamonds. The Company owns 70% of the Letšeng mine in Lesotho and 100% of the Ghaghoo mine in Botswana. The Letšeng mine is famous for the production of large, top colour, exceptional white diamonds, making it the highest dollar per carat kimberlite diamond mine in the world. Since Gem Diamonds' acquisition of Letšeng in 2006, the mine has produced four of the 20 largest white gem quality diamonds ever recorded. The Ghaghoo mine in Botswana has been placed on care and maintenance until market conditions allow for recommencement of production. www.gemdiamonds.com