2018 Annual Report and Notice of 2019 AGM

29 April 2019

GEM DIAMONDS LIMITED

("Gem Diamonds" or "the Company")

2018 Annual Report and Notice of 2019 Annual General Meeting

The Company announces that it has published its 2018 Annual Report and Notice of 2019 Annual General Meeting.

The 2018 Annual Report and the Notice of 2019 Annual General Meetings are being distributed or made available to shareholders electronically today, 29 April 2019:-

In compliance with Listing Rule 9.6.1, copies of the above documents will be submitted to the UK Listing Authority and will shortly be available for inspection via the National Store Mechanism at www.morningstar.co.uk/uk/nsm

Copies have also been published on the Company's website at www.gemdiamonds.com/investors.php

The Gem Diamonds Limited LEI number is 213800RC2PGGMZQG8L67.

For further information:

Gem Diamonds LimitedSusan Wallace, Company Secretarial department

Tel: +44 (0) 203 043 0280

ir@gemdiamonds.com

Celicourt Communications

Mark Antelme/Jimmy Lea

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. www.gemdiamonds.com