Holding(s) in Company

Gem Diamonds Limited
18 January 2008



Gem Diamonds Ltd

Disclosure of interest in shares

Legal & General Group Plc and Legal & General Assurance (Pensions Management)
Ltd - (L&G)

L&G have advised the company that their percentage aggregate holding is now
above the 5% reporting threshold at 3,179,683 (5.09%) Ordinary Shares of US$
0.01 each.

Andre Confavreux

Company Secretary

020 3043 0280


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