Global Diamond Exchange, Inc. (GBDX): GBDX website pre-announced the third ord...

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Tacoz

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Monday, 04/23/2007 1:02:27 PM

Monday, April 23, 2007 1:02:27 PM

GBDX website pre-announced the third order wsa est. at 2 million but the inventory is nearly 5x that. Maybe the lift on limits? Why is it so much higher? It seems to be good news but why the difference in numbers. The diamonds were not graded yet when they estimated, and they are pretty high quality in the lot though. Or maybe they lowballed so they would not be accused of lying and manipulating, and they are more action than talk.
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http://www.globaldiamondex.com/news.php

April 2, 2007 - 9:28 AM EDT
April 2nd - Global Diamond's Next Order Estimated at $2.1 Million In Wholesale Value

Global Diamond Exchange (OTC: GBDX) announced Monday that the next order has been graded and is being shipped over to the United States for sale. Pursuant to the Rappaport Sheets, the leading authority of wholesale diamond prices and demand, it is estimated that the third shipment's wholesale value is US$2,146,000.
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http://www.globaldiamondex.com/inventory.php