DIRECTORATE CHANGE

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30 Jun 2009

The Board of Gem Diamonds (LSE:GEMD) wishes to announce the retirement of Lord Renwick of Clifton as a non-executive Director with effect from today the 30th June, 2009.

Lord Renwick has advised the board that he wishes to reduce his portfolio of responsibilities and has also recently retired from the boards of SABMiller Plc and Fluor Corporation.

With the retirement of Robin Renwick, non-executive Director Richard Williams MBE MC will take over as Chairman of the Remuneration Committee with immediate effect.

Gem Diamonds Chairman Roger Davis commented:

"Robin Renwick's wealth of commercial experience proved most valuable in helping to steer Gem Diamonds through its early days of listing on the London Stock Exchange's main market. The board of Gem Diamonds is very appreciative of his substantial contribution during his tenure."

For further information:
Gem Diamonds Limited

Andre Confavreux, Company Secretary
Tel: +44 (0) 203 043 0280

Pelham PR

Candice Sgroi
Tel: +44 (0) 207 337 1533