Holding(s) in Company

Gem Diamonds Limited
20 March 2007


Gem Diamonds Limited

Gem Diamonds Limited has received notification from Landsdowne Partners Limited
that it is interested in 3,902,689 ordinary shares which constitutes 6.74% of
the issued share capital of Gem Diamonds Limited

This holding is held through the following:

Lansdowne Partners Limited being the General Partner of Lansdowne Partners
Limited Partnership ('LPLP') controls 3,902,689 voting rights

Lansdowne UK Equity Fund Limited owns 3,713,661 of these voting rights, with the
remainder being help on behalf of other client funds held by LPLP.




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