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KRY Crystallex International Corp. Common Stock

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0.00 (0.00%)
Share Name Share Symbol Market Type
Crystallex International Corp. Common Stock AMEX:KRY AMEX Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

- Statement of Ownership (SC 13G)

14/02/2011 9:50pm

Edgar (US Regulatory)


SCHEDULE 13G

Amendment No. 0
Crystallex International Corportation
Common Stock
Cusip #22942F101

Cusip #22942F101

Item 1: Reporting Person - FMR LLC
Item 4: Delaware
Item 5: 26,096,650
Item 6: 0
Item 7: 26,096,650
Item 8: 0
Item 9: 26,096,650
Item 11: 7.023%
Item 12: HC

Cusip #22942F101
Item 1: Reporting Person - Edward C. Johnson 3d
Item 4: United States of America
Item 5: 0
Item 6: 0
Item 7: 26,096,650
Item 8: 0
Item 9: 26,096,650
Item 11: 7.023%
Item 12: IN

SCHEDULE 13G - TO BE INCLUDED IN

STATEMENTS

FILED PURSUANT TO RULE 13d-1(b) or 13d-2(b)

Item 1(a). Name of Issuer:

Crystallex International Corportation

Item 1(b). Name of Issuer's Principal Executive Offices:

18 King Street East

Suite 1210
Toronto, Ontario M5C 1C4 Canada

Item 2(a). Name of Person Filing:

FMR LLC

Item 2(b). Address or Principal Business Office or, if None,
Residence:

82 Devonshire Street, Boston,

Massachusetts 02109

Item 2(c). Citizenship:

Not applicable

Item 2(d). Title of Class of Securities:

Common Stock

Item 2(e). CUSIP Number:

22942F101

Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b)
and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(ii)(G). (Note: See Item 7).

Item 4. Ownership

 (a) Amount Beneficially Owned: 26,096,650

 (b) Percent of Class: 7.023%

 (c) Number of shares as to which such
person has:

 (i) sole power to vote or to direct
the vote: 26,096,650

 (ii) shared power to vote or to
direct the vote: 0

 (iii) sole power to dispose or to

direct the disposition of: 26,096,650

(iv) shared power to dispose or to direct the disposition of: 0

Item 5. Ownership of Five Percent or Less of a Class.

Not applicable.

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

Various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock of Crystallex International Corportation. The interest of one person, Fidelity Canadian Opportunities Fund, an investment company registered under the Investment Company Act of 1940, in the Common Stock of Crystallex International Corportation, amounted to 22,650,700 shares or 6.095% of the total outstanding Common Stock at December 31, 2010.

Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding Company.

See attached Exhibit A.

Item 8. Identification and Classification of Members of the Group.

Not applicable. See attached Exhibit A.

Item 9. Notice of Dissolution of Group.

Not applicable.

Item 10. Certification.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purpose or effect.

Signature

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

February 11, 2011
Date

 /s/ Scott C. Goebel
Signature

Scott C. Goebel
Duly authorized under Power of Attorney
effective as of June 1, 2008 by and on behalf of FMR LLC
and its direct and indirect subsidiaries

SCHEDULE 13G - TO BE INCLUDED IN
STATEMENTS
FILED PURSUANT TO RULE 13d-1(b) or 13d-2(b)

The ownership of one investment company, Fidelity Canadian Opportunities Fund, amounted to 22,650,700 shares or 6.095% of the Common Stock outstanding. Fidelity Canadian Opportunities Fund has its principal business office at 82 Devonshire Street, Boston, Massachusetts 02109.

Pyramis Global Advisors, LLC ("PGALLC"), 900 Salem Street, Smithfield, Rhode Island, 02917, an indirect wholly-owned subsidiary of FMR LLC and an investment adviser registered under Section 203 of the Investment Advisers Act of 1940, is the beneficial owner of 26,096,650 shares or 7.023% of the outstanding Common Stock of Crystallex International Corportation as a result of its serving as investment adviser to institutional accounts, non-U.S. mutual funds, or investment companies registered under
Section 8 of the Investment Company Act of 1940 owning such shares. The number of shares of Common Stock of Crystallex International Corportation owned by the institutional account(s) at December 31, 2010 included 6,796,150 shares of Common Stock resulting from the assumed conversion of 6,796,150 shares of CRYSTALLEX INTERNATIONAL WT (1 shares of Common Stock for each Warrant).

Edward C. Johnson 3d and FMR LLC, through its control of PGALLC, each has sole dispositive power over 26,096,650 shares and sole power to vote or to direct the voting of 26,096,650 shares of Common Stock owned by the institutional accounts or funds advised by PGALLC as reported above.

Members of the family of Edward C. Johnson 3d, Chairman of FMR LLC, are the predominant owners, directly or through trusts, of Series B voting common shares of FMR LLC, representing 49% of the voting power of FMR LLC. The Johnson family group and all other Series B shareholders have entered into a shareholders' voting agreement under which all Series B voting common shares will be voted in accordance with the majority vote of Series B voting common shares. Accordingly, through their ownership of voting common shares and the execution of the shareholders' voting agreement, members of the Johnson family may be deemed, under the Investment Company Act of 1940, to form a controlling group with respect to FMR LLC.

SCHEDULE 13G - TO BE INCLUDED IN

STATEMENTS

FILED PURSUANT TO RULE 13d-1(b) or 13d-2(b)
RULE 13d-1(f)(1) AGREEMENT

The undersigned persons, on February 11, 2011, agree and consent to the joint filing on their behalf of this Schedule 13G in connection with their beneficial ownership of the Common Stock of Crystallex International Corportation at December 31, 2010.

FMR LLC

 By /s/ Scott C. Goebel
 Scott C. Goebel
 Duly authorized under Power of Attorney effective as
of June 1, 2008, by and on behalf of FMR LLC and its direct
and indirect subsidiaries

Edward C. Johnson 3d

 By /s/ Scott C. Goebel
 Scott C. Goebel
 Duly authorized under Power of Attorney effective as
of June 1, 2008, by and on behalf of Edward C. Johnson 3d

Fidelity Canadian Opportunities Fund

By /s/ Scott C. Goebel
Scott C. Goebel
Secretary

Pyramis Global Advisors, LLC

By /s/ Ashling Kanavos
Ashling Kanavos
Duly authorized under Power of Attorney
dated April 6, 2009, by William E. Dailey
Chief Financial Officer and Treasurer

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