Global Diamond Exchange, Inc. (GBDX)

[Beylerbeyi]

Frequently Asked Questions

Can I visit the store at 2 W 46th?
This is not a retail location. It is a wholesale office in a secure building. The office is set up with a “man trap” entrance, for example if a courier delivery stones they have to be on the scheduled list downstairs. Next they are allowed access to the floor by security. They are buzzed into a cubicle where the door locks behind them. They are not allowed in the office. The delivery is slid through the window much like a bank transaction. After the delivery is inspected the courier gets to leave via the door he entered. They are never allowed inside. In the event a buyer is coming to look at stones the procedure is similar. They have to be a member of the guild or insurance does not allow them into the office. They have to have identification, passport, drivers license etc. They are buzzed in. All pockets are emptied, identity is verified and second door of the “trap” opens while first door remains locked. In the event the first door is open the second door cannot be opened. The nature of the business is very secure, the company follows the insurance company guidelines for showing, transporting, and housing the diamond inventory. This is the primary reason for having an administrative location. The company can meet people receive mail and normal business correspondence without the security procedures of the sales office.

Was the company in business 17 years ago?
Yes, actually at the same location only on the 12 floor. The “old” Global ceased domestic operations to concentrate its efforts on exporting cut diamonds from the Russia Federation and European locations. The company feel the economic conditions we right to reopen in New York.

When can I see the financial information?
The company is in the process of hiring an S.E.C. approved audit firm with multilingual capacities. The company only wants to release reviewed or audited financial data. This includes size of the first shipments, sales, profits, share structure. All financial data that would be relevant to normal GAP accounting procedures and audit standards. It will be released to all shareholders at the same time. The companies goal is completely audited and disclosed financial information. As soon as the reviews are complete and signed off the company will release information. When the audits are complete the company will evaluate the merits of another exchange.

Can we have the officers and directors biography’s?
Yes, the web site is being updated to reflect the current management structure and their experience.