Gem Diamonds Di Regulatory News (GEMD)

13 Feb 2008 10:16

Gem Diamonds Limited13 February 2008 News Release 13 February 2008 GEM DIAMONDS LIMITED ("Gem Diamonds" or the "Company") APPOINTMENT OF MANAGING DIRECTOR, KIMBERLEY DIAMOND COMPANY Gem Diamonds is pleased to announce the appointment of Mr. Alistair Croll asManaging Director of Kimberley Diamond Company NL, which was acquired by GemDiamonds Limited in November 2007. Mr. Croll has extensive experience in the resources industry, both in Australiaand internationally. After graduating from the University of Witwatersrand with a degree in miningengineering, Mr Croll commenced a 17 year career with De Beers. During this timehe worked at a number of De Beers alluvial, open-cut and underground operationsin a variety of roles including operational, project, technical and seniormanagement. Most recently Mr. Croll was the Chief Operating Officer for ConsolidatedMinerals Limited in Australia where he was responsible for overseeing thecompany's manganese, chromite and nickel operations. Mr. Croll will be based in Kimberley Diamond Company's Perth office, where hewill play a critical role in developing the Ellendale Mine to its fullpotential. The appointment takes effect on the 25th February, 2008. For further information: Gem Diamonds Australia Stephen Wetherall Tel: +61 437 855 164 Gem Diamond Technical Services Angela Parr Tel: +27 11 560 9600 Pelham PR Candice Sgroi Tel: +44 207 743 6376 About Gem Diamonds Gem Diamonds Limited (LSE: GEMD) is a global leading diamond producer that ispursuing an accelerated growth strategy through targeted acquisitions and thedevelopment of existing assets. Gem Diamonds portfolio comprises producingkimberlite, lamproite and alluvial mines, development projects and explorationassets. Operations are situated in Angola, Australia, Botswana, the CentralAfrican Republic, the Democratic Republic of Congo, Lesotho and Indonesia. GemDiamonds produces some of the world's most remarkable white diamonds from itsLetseng Mine and rare fancy yellow diamonds from its Ellendale Mine and an arrayof coloured diamonds from its Cempaka Mine. Established in July 2005, Gem Diamonds listed on the main board of the LondonStock Exchange in February 2007 raising US$635 million. It is currentlycapitalised at approximately US$1.1 billion and had US$175 million of cash onits balance sheet at year end. This information is provided by RNS The company news service from the London Stock Exchange