Gem Diamonds Australia change in holding

    7 November 2007

AIM RELEASE

KIMBERLEY DIAMOND COMPANY NL (the Company) (AIM: KDC)
GEM DIAMONDS AUSTRALIA PTY LTD - NOTICE OF CHANGE OF HOLDING

Gem Diamonds Australia Pty Ltd (GDAPL) has increased its holding in Kimberley
Diamond Company shares under the Acceptance Facility set out in GDAPL's First
Supplementary Bidder's Statement dated 14 September 2007, as detailed below.

                                       Number       Percentage  
                                                                    
Subject to Acceptance Facility         93,882,944     21.88         
                                                                    
Subject to acceptances under the Offer 142,705,917    33.26         
                                                                    
GDAPL relevant interest prior to the   64,037,000     14.92         
Offer                                                               
                                                                    
Total                                  300,625,861    70.07         

A copy of the notice can be found on the Company's website 
www.kimberleydiamondco.com.au.

J Mathie
COMPANY SECRETARY

The Company's Nominated Advisor is RFC Corporate Finance Ltd, contact Steve
Allen or Stuart Laing - phone +618 9480 2500.

KIMBERLEY DIAMOND COMPANY NL ABN 91 061 899 634
12 WALKER AVENUE WEST PERTH 6005 WESTERN AUSTRALIA
PO BOX 806 WEST PERTH WESTERN AUSTRALIA 6872
TEL (+61-8) 9321 5887 FAX (+61-8) 9321 5884 EMAIL general@kimres.com.au
WWW www.kimberleydiamondco.com.au


END

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