Toronto, Canada, September 18, 2009 --(PR.com
)-- Kimberlite Diamond Corporation (Kimberlite) and its subsidiary Genesis Rare Diamonds (UK) Ltd. (Genesis) are pleased to announce that Kimberlite has entered into a written agreement with Al Ghali Group LLC (“Al Ghali Group”) dated September 8, 2009.
Pursuant to the said Agreement, Kimberlite has appointed Al Ghali Group as its exclusive representative agent to distribute, deal and trade in investment quality natural coloured diamonds to and within the Middle East (the MENA Region) and to its existing international clientele of discerning purchasers of rare and valuable antiquities.
In addition, Kimberlite, Genesis and Al Ghali Group have entered into a non-binding agreement to conduct research to explore the possibility of opening a representative office in Dubai to service our respective clientele in the region.
As Allan Walker of Kimberlite stated, "What a natural progression and fit… Al Ghali Group markets rare and valuable antiquities which are literally thousands of years old, while we (Kimberlite) market rare and valuable natural coloured diamonds which are literally billions of years old."
As Tamir Hakeem of Al Ghali Group stated, "The ingenuity of Man created artifacts which were created thousands of years ago and are appreciated by our clients in the 21st century for their value and unique rarity, whereas natural coloured diamonds were created by the Almighty and are appreciated by Man today for their similarities, value and unique rarity." Mr. Hakeem goes on to state that, "there is a certain commonality between antiquities and coloured diamonds; they are like priceless works of art, there are no two the same."
Both Messrs. Allan Walker and Tamir Hakeem stated at the signing ceremony held at Genesis’ offices in London, UK, "We are both pleased and excited to co-mingle our combined talents and our zest for bringing the best of the best in the way of rarity and uniqueness to our valued clients in the form of antiquities and coloured diamonds."
As a consequence of its banking contacts in the Middle East and through its relationships with its rare antiquity clients internationally, Al Ghali Group LLC is poised and confident that it shall be instrumental in establishing Genesis Rare Diamonds as the pre-eminent supplier of rare investment quality natural coloured diamonds in the Middle East to the business and investment community.
About Kimberlite Diamond Corporation
Kimberlite Diamond Corporation specializes in the trading and distribution of non-conflict investment grade natural colour diamonds. With combined experience of over six decades devoted to the diamond industry, our principal owners and sales representatives are professionally trained to assist our clients in all matters relating to the acquisition and potential re-marketing of natural coloured diamonds through private sources or auction.
About Genesis Rare Diamonds (UK) Ltd.
Genesis Rare Diamonds (UK) Ltd. is a subsidiary of Kimberlite Diamond Corporation operating from offices located at One Canada Square, 37th Floor, Canary Wharf, London, UK E14 5AA. As Kimberlite Diamond Corporation deals primarily with individuals or entities which reside or carry on business in North America, Genesis deals with clients in the United Kingdom and Continental Europe. Genesis’ business operations parallels those of Kimberlite in that Genesis distributes, deals and trades in investment quality (non-conflict) natural colour diamonds.
About Al Ghali Group LLC
Al Ghali Group LLC was established in 2004 as a diversified holding corporation, with its various divisions specializing in the distribution and sale of rare antiquities, electronics, and catering with particular emphasis on consultancy to the banking industry. The corporation is expanding its business operations to Saudi Arabia in the first quarter of 2010.