DIAMOND MARKET NEWS

3/02/2009

PALMIERI ACQUIRING GCAL

NEW YORK, March 2, 2009-- The Palmieri Group, founders of Gem Certification & Assurance Lab (GCAL), announced today that they will continue GCAL’s diamond grading business and, for that purpose, have reached an agreement in principle to purchase GCAL’s diamond grading laboratory and certain intangible assets used in GCAL’s business, including its name, from Collectors Universe. As previously announced, Collectors Universe has decided to exit the diamond grading business due to unfavorable conditions in the jewelry market.

Donald A. Palmieri, who served as President of GCAL during its ownership by Collectors Universe, will continue in that position, also announced that, to assure continuity of service to GCAL’s customers, the agreement in principle provides for the Palmieri Group to continue providing diamond grading services, on an uninterrupted basis, under the GCAL name and from GCAL’s current offices at 580 Fifth Avenue, LL-05, New York, New York, pending the signing of a definitive purchase agreement between the Palmieri Group and Collectors Universe. As a result, all diamonds sent to GCAL’s laboratory for grading will continue to be processed and graded, utilizing GCAL’s equipment and grading standards, and grading will be completed in accordance with normal schedules. For further information contact Donald Palmieri, Pam Palmieri or Angelo Palmieri at 1-(212) 869-8985.

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1. Betting on Botswana
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3. Crystal Beam Melody
4. CDE Spotlights New Sellers
5. CDE Power
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2. Ring My Bell
3. Look Who's Branding With GCAL
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5. New Product Spotlight
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9. Integrity Guaranteed

July/Aug 2008:

1. Betting on Botswana
2. CDEcommerce Launches
3. Crystal Beam Melody
4. CDE Spotlights New Sellers
5. CDE Power
6. The Botswana Family Tree