Global Diamond Exchange, Inc. (GBDX)

[REVOLUTION2012]

LET'S SPILL THE BEANS.

Can we still say that we don't know who is Sib Almaz ?

Buying GBDX licence was the best choice for "Krystall", in order to avoid competition in NY from GBDX who would have bring russian diamonds polished in India at lower cost......

After the new russian regulation on rough diamonds, it was unclear from where GBDX will have bring is polished diamonds.

At the begining (Nov 2006) GBDx was a partener to sell more diamonds, but after the new law It was more an danger then anything else.......

GOT MY POINT ?

Let's read again Nov 2006 PR from GBDX

Global Diamond Exchange (PINKSHEETS: GBDX) is pleased to announce the details of a joint venture partner. The partner, who will increase Global's allotment of rough, cut and polished diamonds, is "Diamond Certificate" -- a Russian joint stock company.

Diamond Certificate consists of and is owned by several groups including -- Smolensk Brilliants Association -- A union of 8 diamond cutting facilities in Smolensk; The Smolensk Government Facility "Krystal"
http://www.apostille.us/news/global_diamond_exchange_announces_joint_venture_partner.shtml

FRESH NEWS FROM KRYSTALL

The sales of Russia’s largest diamond cutter Kristall increased 13 percent on the year to $404 million in 2007, the company said in a press release Monday.

In 2006, Kristall's sales amounted to $358.2 million, up 3.2 percent on the year, the company said.

Founded in 1963 and based in the city of Smolensk, Kristall has eight subsidiaries in the Smolensk Region and trade offices in New York, Los Angeles, Tel Aviv, Antwerp(Belgium) and Hong Kong. Kristall is state-owned.


Who is GBDX ?

Global Diamond Exchange, Inc. exports rough and cut diamonds from the Russian Federation and other diamond producing regions. The company was formerly known as Mirador Corporation and changed its name to VWAY International in 2004, to World Wide Cannery and Distribution Inc. in 2006. The company further changed its name to Global Diamond Exchange, Inc. in September 2006. The company is based in New York City. As of September 17, 2007, Global Diamond Exchange, Inc. is a subsidiary of Sib Almaz.