Holding(s) in Company

Gem Diamonds Limited
28 February 2007


Gem Diamonds Limited


28 February 2007


Gem Diamonds Limited : Holding in Company


Gem Diamonds Limited received notification on 27th February 2007 from Capital
Group International, Inc. that it is interested in 4,884,000 ordinary shares
which constitute 7.882% of the issued share capital of Gem Diamonds Limited.

These shares are held on behalf of the following Capital Group International,
Inc. Management Companies and Funds:

Capital Guardian Trust Company 392,400 (0.633%)
Capital International S.A. 5,200 (0.008%)
Capital International, Inc., Emerging Markets Growth Fund, Inc. 4,486,400
(7.240%)


For more information, please contact:

Gem Diamonds Limited                Andre Confavreux, Company Secretary
                                    [phone]


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