Annual Report and Accounts

Gem Diamonds Limited
25 April 2008



                        GEM DIAMONDS ANNUAL REPORT 2007
 

25 April 2008


Two copies of Gem Diamonds Ltd (the 'Company') Annual Report 2007 have been
submitted to the Financial Services Authority and will shortly be available for
inspection at the Document Viewing Facility which is situated at:


The Financial Services Authority

25 The North Colonnade

Canary Wharf

London E14 5HS


Copies of the above documents are also available on the Company's website:

www.Gem Diamonds.com


Gem Diamonds contacts

Angela Parr                                         Andre Confavreux
Telephone        [phone]                    Telephone     [phone]
Email            Aparr@Gem Diamonds.com             Email         Aconfavreux@Gem Diamonds.com


                      This information is provided by RNS
            The company news service from the London Stock Exchange