Global Diamond Exchange 's Next Order Estimated at $2.1 Million In Wholesale Value 

Global Diamond Exchange (OTC: GBDX) is pleased to announce that the next order has been graded and is being shipped over to the United States for sale. 

NEW YORK, April 2, 2007 /PRNewswire-FirstCall

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.

Also, due to misconceptions over the wholesale office and several angry calls to the sales offices at 2 West 46th Street in New York City, the company would like to reiterate that this is not a retail store and does not sell individual pieces. This is strictly a wholesale operation and the company sells lots to other well-known wholesalers', not individual buyers or shoppers.

Regarding the potential takeover/merger - corporate attorneys are currently conducting their due diligence. Once the company has the approval of its legal department, it will give a full public update. We expect this to happen very shortly. 

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 Russia 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.