Global Diamond Exchange, Inc. (GBDX)

[MSEED]

Specific #s pending. Most important point IMHO is that
the shipment seems to be presold, and additional requests from retail clients of GBDX for quality stones < than 1ct. is pushing GBDX to increase shipment.

I like that because the smaller stones can sometimes carry a larger profit margin, sold in bulk/volume basis to retailers.

Ex.-Premium grade VVS1/G color .25 ct. stone cost-$98.00+- wholesale. Sell to retailer for $469.00+-. Retailer sells to customer for $930.00+-. It is about quality of stone, period.
Diamonds are a luxury item, and the better quality, the more will be paid. Russian diamonds are now producing "the" finest stones in the world, no matter what anyone tries to tell you.
This is what drew my attention to the mgmt. of former WWCD who merged with GBDX to exploit the connections GBDX has to russian cutters/exporters; and the new russian law for increased % of rough cut diamonds allowed to be exported.

A poster tried to compare the margins for the chain retail jewelers (Zales, Devons, etc.) to margins of loose diamonds from wholesale to retail. Apples to oranges.

I hope the PR this week not only announces the office opening; but details revenue specifics. And as a penny trader for many years, the small float is huge, and the chart techs show much upside to come.

Best Regards
Not a buy or sell recommendation. My opinion only.