SOURCE: Global Diamond Exchange

January 11, 2007 10:35 ET

Second Order of Diamonds Arrives in New York, Currently Being Graded

NEW YORK, NY -- (MARKET WIRE) -- January 11, 2007 -- Global Diamond Exchange (PINKSHEETS: GBDX) is pleased to announce that its second order of diamonds has arrived in New York and will be ready for sale once they are GIA graded. The breakdown of the second order is as follows: There are a total of 162.87 carrots with a value of roughly $1.4 million. The individual stones range in size from of 1 to 3.6 carrots. The company fully expects future orders to increase in frequency and size along with their wholesale value.

Also, due to the Russian Holidays, with the Russian Orthodox Christmas being this past Sunday, the company has faced some delays in moving ahead with its normal course of business. The company is looking forward to resuming a normal work schedule which will include short term goals of getting the third order of diamonds, hiring an audit firm and finalizing the Board of Directors. Global Diamond Exchange is excited by the prospects of this New Year and looks forward to a successful 2007.

About Global Diamond Exchange:

Global Diamond Exchange originally opened their office on 2 West 46th street in the heart of the 'New York's Diamond District.' After several years of operation at their New York office the company decided to shut down the operation due to low pricing and soft demand in North America. The company concentrated its efforts on exporting cut diamonds from the Russian Federation and European locations. The new company has reopened its sales offices in the original building ready to take on the increased demand for fine quality diamonds.

NOTE: Safe Harbor for Forward-Looking Statements.

This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, the ability of the Company to complete the planned bridge financing, market conditions, the general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings.

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