Gem Diamonds Di Regulatory News (GEMD)

12 January 2015

GEM DIAMONDS LIMITED

("Gem Diamonds" or "the Company")

Retirement of Company Secretary, Andre Confavreux

Gem Diamonds Limited (LSE: GEMD) today announces the retirement of its Company Secretary, Andre Confavreux, who has held the position since March 2007.

Following Andre's retirement, effective from 11 January 2015, Glenn Turner will add the role of Company Secretary to his current duties as Executive Director.

The Board would like to record its appreciation to Andre for his contribution to the Company's listing and its corporate governance over the last eight years.

For further information:

Gem Diamonds Limited

Roger Davis, Chairman

Tel: +44 (0) 203 043 0280

Bell Pottinger

Joanna Boon

Tel: +44 (0) 203 772 2499