Gem Diamonds Di Regulatory News (GEMD)

18 April 2016

GEM DIAMONDS LIMITED

("Gem Diamonds" or "the Company")

 Block listing application

Gem Diamonds, LSE: GEMD announces that it has made applications to The Financial Conduct Authority and The London Stock Exchange for a block listing of 345,000 ordinary shares of $0.01 each in the Company. These shares when issued pursuant to the Company's obligations under the Gem Diamonds Long Term Incentive Plan 2007 shall rank equally with the existing issued shares of the Company and will be admitted to the Official List and to trading on the main market of The London Stock Exchange. It is expected that admission will become effective on or around 21 April 2016.

The application for the block listing is being made to satisfy options granted under the Gem Diamonds Long Term Incentive Plan 2007.

For further information:

Gem Diamonds Limited

Juliet Kirk, Assistant Company Secretary

Tel: +44 (0) 20 3043 0280