NEW YORK, Feb. 21 /PRNewswire-FirstCall/ -- Global Diamond Exchange Inc. (OTC:GBDX) is pleased to announce that due to recent decrees from the Russian government, the existing ceiling on the company's rough exports has been lifted. This new decree allows Global to export rough stones with or with out polishing and cutting, as well as opening up tremendous opportunities for additional business. The original export ceiling for rough stones for Global Diamond purchases was a ratio of 15% rough to 85% cut and polished. The company was restricted on the amount of rough stones it could export. The new decree enables the company to purchase and export rough stones for cutting anywhere it desires and not be limited to a 15% quota. Global acknowledges that the Russian cutters are among the best in the world and will continue to use local cutters when ever possible. However, the new decree gives the company greater flexibility to match the demands of its customers without consideration to scheduling and availability of the local cutters. 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. 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. DATASOURCE: Global Diamond Exchange Inc. CONTACT: Alex Livak, +1-347-813-4664, , for Global Diamond Exchange Inc.

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