Press Release

GCAL's Howard Pomerantz Named Roving Ambassador For WFDB by World Federation of Diamond Bourses.

As Roving Ambassador, Mr. Pomerantz will concentrate on developing and presenting an Associate Membership program during an upcoming international tour of the 26 WFDB Bourses worldwide.

NEW YORK, NY ― July 20, 2007 ― Howard M. Pomerantz, Executive Vice President for Gem Certification & Assurance Laboratory (GCAL), has been appointed by the World Federation of Diamond Bourses (WFDB) as Roving Ambassador for the WFDB Mark.

Mr. Pomerantz was named as the special envoy to the WFDB Executive Committee by WFDB President Ernie Blom. As Roving Ambassador, Mr. Pomerantz will concentrate on developing and presenting an Associate Membership program during an upcoming international tour of the 26 WFDB Bourses worldwide.

“This honor to assist the WFDB is a new personal challenge, and our plan is to establish the WFDB Mark to benefit our industry and bring a consumer confidence standard to diamonds,” Mr. Pomerantz said. “Associate member opportunities offer industry suppliers one of the best solutions for demonstrating that their diamond products and services adhere to the best WFDB practice principles that benefit consumers’ trust.”

Launched in June 2006, the WFDB Mark is a trademarked logo that approved members of WFDB-affiliated diamond exchanges can display to clients and suppliers, to confirm that they abide by the WFDB Code of Principles. Bourse members can display the WFDB Mark as long as they are in good standing.

About Gem Certification and Assurance Lab

Gem Certification & Assurance Lab (GCAL) is a subsidiary of Collectors Universe, Inc., a NASDAQ Global Markets traded company (NASDAQ: CLCT). GCAL provides guaranteed diamond certification with bundled services including Gemprint™ and direct light performance analysis as well as Source Veritas™ and Ideal Cut certificates (www.gemfacts.com). GCAL is the Official Diamond Laboratory of JCK-Las Vegas, JCK invitational Show, Couture 2007, the International Colored Gemstone Association for North America and the JA New York Shows. GCAL is also the Oasis Lounge sponsor of the Premiere, the Prestige Promenade and the Luxury by JCK Shows.

About the World Federation of Diamond Bourses

The World Federation of Diamond Bourses (WFDB) was founded in 1947 to unite and provide bourses trading in rough and polished diamonds and precious stones with a common set of trading practices. WFDB provides a legal framework and convenes to enact regulations for its 26 member diamond bourses worldwide. WFDB promotes understanding and closer cooperation between all members of the global diamond and precious stone industries. WFDB also aims to encourage the establishment of bourses with a view toward eventual affiliation. WFDB vigorously protects ethics, good business practice and morality through its Constitution, which provides for Arbitrary and Disciplinary procedures against any bourse member who transgresses the code. The World Diamond Council, established by WFDB in 2000, works hand in hand with over 35 governments, the European Union and the United Nations to rid the industry of conflict diamonds. www.wordlfed.com

Contacts:

Howard Pomwerantz
Gem Certification & Assurance Lab
howard@gemfacts.com
646-871-4050

Contacts:

Donald A. Palmieri
Gem Certification & Assurance Lab
dap@gemfacts.com
212-869-8985