October 4, 1996

Dear Kenneth:

The purpose of this letter is to share with you my delight with both 1) my new watch, and 2) the efficiency of Capetown Diamond Corporation.

As you know, I am not accustomed to purchasing significant jewelry either through the mail or in a "previously owned" status. Your willingness to share references, provide a money back guarantee, and ally these concerns was very effective. I would not hesitate to refer friends to you, and, in fact, have already done so!

Sincerely,

Karen L. Combs
Portfolio Manager
Loomis Sayles & Company
Pasadena, CA