KDC Kimberley Dia

    1 November 2007

AIM RELEASE

KIMBERLEY DIAMOND COMPANY NL (the Company) (AIM: KDC)

Gem Diamonds Australia Pty Ltd (Gem Diamonds) has increased its substantial
holding in the Company's issued capital to 46.84% (200,955,824 ordinary fully
paid shares) and, in accordance with the provisions of the s671B of the
Corporations Act 2001, has lodged the appropriate Form 604 with ASX and ASIC.
This holding excludes further shares which are subject to the Acceptance
Facility established by Gem

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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