8 October 2007

World Jewelry Center Records 100 Participating Firms

FOR IMMEDIATE RELEASE

Two weeks before marking one year since its formal launch, the World Jewelry Center (WJC) has recorded its 100th signed Letter of Intent (LOI) to purchase office space in the new international marketplace for gems and jewelry.

Supergems Jewellery, a division of DTC sightholder Supergems, was the 100th company to join the growing list of leading industry firms.

"This is clearly a major milestone in the development of this historic project," said World Jewelry Center Managing Director Bill Boyajian.

"At the same time," he added, "the real significance of this achievement is in the project's widespread global support with representation from virtually every sector of the industry. The momentum is strong across the board in just the beginning stages of the development."

Boyajian continued, "The recent approval of the WJC as a Foreign Trade Zone (FTZ) is another significant achievement, and this is an especially important incentive for both domestic and international companies. I am hearing this directly from industry leaders. The deferral of U.S. Customs fees for goods entering our FTZ creates money-savings opportunities, and numerous business-to-business options. There are myriad advantages of operating in a Foreign Trade Zone. Coupled with the tax breaks in the state of Nevada, we have a powerful combination of incentives too attractive to ignore."

The 100 firms signed on thus far represent 17 countries and four continents, and nearly a third (210,000 square feet) of the available space in the 52-story office tower. About half (37,000 square feet) of the space in the retail center has already been reserved.

Groundbreaking is planned for September 2008, with project completion anticipated in mid-2011.

For more information on the World Jewelry Center, or to schedule a personal presentation, please call 1-310-888-8864, or e-mail info@worldjewelrycenter.com, or visit www.worldjewelrycenter.com