The GEM project is designed for the next-generation 2 beta decay experiment
s with Ge-76. One ton of 'naked' HP Ge detectors (natural at the first GEM-
I phase and enriched in Ge-76 to 86% at the second GEM-II stage) are operat
ing in super-high-purity liquid nitrogen contained in a Cu vacuum cryostat
(sphere of diameter 5 m). The latter is placed in the water shield (of dime
nsions 11 X 11 m(2)). Monte Carlo simulation evidently shows that the sensi
tivity of the experiment (in terms of the T-1/2 limit for 0v2 beta decay) i
s approximate to 10(27) yr with natural HP Ge crystals and approximate to 1
0(28) yr with enriched ones. These bounds correspond to the restrictions on
the neutrino mass m(v) less than or equal to 0.05 eV and m(v) less than or
equal to 0.015 eV with natural and enriched detectors, respectively. Besid
es, the GEM-I set-up could advance the current best limits on the existence
of neutralinos-as dark matter candidates-by three orders of magnitude, and
at the same time would be able to identify unambiguously the dark matter s
ignal by detection of its seasonal modulation. (Some figures in this articl
e are in colour only in the electronic version).