Holding(s) in Company

Gem Diamonds Limited
22 January 2008



Gem Diamonds Ltd

Disclosure of interest in shares


BlackRock Investment Management (UK) Limited. - (BIM)


BIM have advised the company that their percentage aggregate holding has reduced
to 7,460,852 shares (11.95%) from 8,104,286 (12.99%).



Andre Confavreux
Company Secretary
020 3043 0280



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