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**FORM 40-F**

**UNITED STATES****SECURITIES AND EXCHANGE COMMISSION****Washington, D.C. 20549**

|  | **REGISTRATION STATEMENT            PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF            1934** |
|--|--------------------------------------------------------------------------------------------------------------------------|

     OR

|  | **ANNUAL REPORT PURSUANT            TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934** |
|--|-----------------------------------------------------------------------------------------------------|

|   |                                                                                                                                                  |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | For the fiscal year ended          December 31, 2004           Commission file number: 1-14620 |

|                                                                                     |
|------------------------------------------------------------------------------------------|
| CRYSTALLEX INTERNATIONAL CORPORATION                                                     |
|                                                                                          |
| **(Exact name of Registrant      as specified in its charter)**                          |
|                                                                                          |
| Crystallex International Corporation                                                     |
|                                                                                          |
| **(Translation of      Registrant’s name into English)**                            |
|                                                                                          |
| Canada                                                                                   |
|                                                                                          |
|  **(Province      or other jurisdiction of incorporation or organization)**         |
|                                                                                          |
|                                                                                          |
| 1041                                                                                     |
|                                                                                          |
| (Primary Standard Industrial Classification      Code Number (if applicable))            |
|                                                                                          |
| 98-1052628                                                                               |
|                                                                                          |
| (I.R.S. Employer Identification      Number (if applicable))                             |
|                                                                                          |
| 18 King Street East, Suite 1210, Toronto, Ontario, Canada M5C 1C4 (416) 203-2448         |
|                                                                                          |
| **(Address and telephone      number of Registrant’s principal executive offices)** |

Corporation Service Company1090 Vermont Avenue, N.W., Suite  430Washington, D.C. 20005(888) 690-2882

(Name, address (including zip code)and      telephone number (including area code) of agent for service in the United  States)

**Securities registered or to          be registered pursuant to Section 12(b) of the Act:**

| **Title of each class**              |   | **Name of each exchange      on which registered** |
|--------------------------------------|--------|----------------------------------------------------|
|                                      |   |                                                    |
| Common Shares without      par value |   | American Stock Exchange                            |

**Securities registered or to        be registered pursuant to Section 12(g) of the Act:**

| None                 |
|----------------------|
|                      |
| **(Title of Class)** |

**Securities for which there is        a reporting obligation pursuant to Section 15 (d) of the Act:** None

**For annual reports, indicate        by check mark the information filed with this Form:**

|    Annual information form |    Audited annual financial statements |
|-------------------------------------------|-------------------------------------------------------|

**Indicate        the number of outstanding shares of each of the issuer’s classes        of capital or common stock as of the close of the period covered by the  annual report:**

**As        of December 31, 2004, the registrant had outstanding:**

| 189,836,735 Common Shares; No Class A Preference Shares; No Class B Preference Shares |
|---------------------------------------------------------------------------------------|
|                                                                                       |

**Indicate by check mark whether the Registrant by filing the information contained        in this Form is also thereby furnishing the information to the Commission        pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934        (the “Exchange Act”). If “Yes” is marked, indicate        the filing number assigned to the Registrant in connection with such  Rule.**

Yes     82-         No    

**Indicate by check mark whether         the Registrant (1) has filed all reports required to be filed by Section 13         or 15(d) of the Securities Exchange Act of 1934 during the preceding         12 months (or for such shorter period that the registrant was required         to file such report(s), and (2) has been subject to such filing requirements    for the past 90 days**:

  Yes                  No

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**TABLE OF CONTENTS**

| DISCLOSURE CONTROLS AND PROCEDURES            | 1      |
|-----------------------------------------------|--------|
|                                          |   |
| AUDIT COMMITTEE FINANCIAL EXPERT              | 1      |
|                                          |   |
| CODE OF ETHICS                                | 1      |
|                                          |   |
| PRINCIPAL ACCOUNTANT FEES AND SERVICES        | 2      |
|                                          |   |
| OFF BALANCE SHEET ARRANGEMENTS                | 3      |
|                                          |   |
| TABULAR DISCLOSURE OF CONTRACTUAL OBLIGATIONS | 3      |
|                                          |   |
| IDENTIFICATION OF AUDIT COMMITTEE             | 3      |
|                                          |   |
| UNDERTAKING                                   | 4      |
|                                          |   |
| SIGNATURES                                    | 5      |
|                                          |   |
| EXHIBIT INDEX                                 | 6      |
|                                          |   |

 

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**DISCLOSURE CONTROLS AND PROCEDURES**

As of December 31, 2004, the end      of the period covered by this report (the “Evaluation Date”),      Crystallex International Corporation (“Crystallex”) conducted      an evaluation (under the supervision and with the participation of Crystallex’s      management, including the chief executive officer and chief financial officer),      pursuant to Rule 13a-15 promulgated under the Securities Exchange Act of      1934, as amended (the “Exchange Act”), of the effectiveness      of the design and operation of Crystallex’s disclosure controls and      procedures. Based on this evaluation, Crystallex’s chief executive      officer and chief financial officer concluded that as of the Evaluation      Date such disclosure controls and procedures were reasonably designed to      ensure that information required to be disclosed by Crystallex in reports      it files or submits under the Exchange Act is recorded, processed, summarized      and reported within the time periods specified in the rules and forms of      the Securities and Exchange Commission.

Since the last evaluation by Crystallex’s      management of Crystallex’s internal controls, there have not been      any significant changes in the internal controls or in other factors that      could significantly affect the internal controls.

**AUDIT COMMITTEE FINANCIAL        EXPERT**

Crystallex’s Board of Directors      has determined that Crystallex has at least one “audit committee      financial expert” (as defined in General Instruction 8(b) of Form      40-F), serving on its Audit Committee and that such person is “independent” (as      determined pursuant to General Instruction 8(a) of Form 40-F). The audit      committee financial expert is Johan C. van’t Hof. The information      contained under the heading "Audit Committee" of Crystallex’s      2004 Annual Information Form, filed as Exhibit 99.1 to this annual report      on Form 40-F, is incorporated herein by reference.

**CODE OF ETHICS**

Crystallex has adopted a code of      ethics that applies to all directors and officers, including the Chief      Executive Officer and the Chief Financial Officer. The code of ethics has      been posted on Crystallex’s website under the Corporate Governance      section at www.crystallex.com. A copy of the code of ethics will be provided      without charge upon request made to Investor Relations, Crystallex International      Corporation, 18 King Street East, Suite 1210, Toronto, Ontario, Canada      M5C 1C4.

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**PRINCIPAL ACCOUNTANT FEES        AND SERVICES**

The following table presents fees      for professional services rendered by Deloitte & Touche LLP, Independent      Registered Chartered Accountants, to the Company for the audit of the Company’s      annual financial statements for 2004 and 2003, and fees billed for other      services rendered by Deloitte & Touche LLP during the period from January 1, 2003,      to December 31, 2004:

|                       |   |   | **Year ended            December 31,** |        |
|-----------------------|--------|--------|----------------------------------------|--------|
|                  |   |   |                                        |   |   |  |   |
|                  |   |   | **2004**                               |        |  | **2003** |  |
|                  |   |   |                                   |   |   |   |   |
| Audit fees(1)         |   |   | U.S.$470,590                           |   |   | U.S.$480,940 |   |
| Audit-related fees(2) |   |   | U.S.$223,543                           |   |   | U.S.$  79,166 |   |
| Tax fees(3)           |   |   | U.S.$870,553                           |   |   | U.S.$          – |   |
| All other fees(4)     |   |   | U.S.$737,018                           |   |   | U.S.$ 15,389 |   |

**Notes:**

| (1) | Includes fees related to the audit of the Company’s	  annual financial statements for 2004 and 2003. |
|-----|-----------------------------------------------------------------------------------------------------------|

| (2) | Includes fees related to quarterly reviews. |
|-----|---------------------------------------------|

| (3) | Includes fees for tax advice.                                                                                                                                |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (4) | Includes fees      other than those referred to in Notes (1) and (2) above,  and	  relate primarily to reviews of registration statements and  prospectuses. |

Crystallex’s policy regarding      pre-approval of all audit, audit-related and non-audit services is based      upon compliance with the Sarbanes-Oxley Act of 2002, and subsequent implementing  rules promulgated by the SEC. The following is the pre-approval process:

The Audit Committee has developed      a Policy on the Provision of Services by External Auditors. Under the terms      of the Policy:

|   | • | the external auditors may          not provide services to Crystallex that impair or have the ability          to impair the independence and objectivity of the external auditors          in relation to the external audit function (generally, prohibited services          include services where the external auditors participate in activities          that are normally undertaken by management of Crystallex, are remunerated          through a “success fee” structure, act in an advocacy role          for Crystallex or may be required to audit their own work; |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | • | the Audit Committee has          pre-approved certain audit and permitted non-audit services as services          that the auditors may provide to Crystallex, including: services that          constitute the agreed scope of the external audit or interim reviews          of Crystallex; services that are outside the agreed scope of, but are          consistent with, the external audit or interim reviews of Crystallex;          tax services that do not compromise the independence and objectivity          of the external auditors in relation to the external audit; and other          services of an advisory nature that do not compromise the independence          and objectivity of the external auditors in relation to the external;          and |

|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | • | an authorization process          has been established which provides, among other things: the Audit          Committee must authorize in advance all engagements of the external          auditors to provide pre-approved services to Crystallex (provided however          that the Chair of the Audit Committee and the Chief Financial Officer          may together authorize in advance all engagements of the external auditors          to provide pre-approved services to Crystallex up to a maximum of C$50,000          per engagement and up to a maximum of C$150,000 for all such engagements          in each calendar quarter and the Chair of the Audit Committee and the          Chief Financial Officer must report all engagements authorized by them          to the Audit Committee at its next meeting); and services that are          not pre-approved services must be authorized by the Audit Committee          before the external auditors are engaged regardless of the dollar value          of the services. |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |

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Exceptions can be made to this      Policy where the exceptions are in the interests of Crystallex and appropriate      arrangements are established to ensure the independence and objectivity      of the external auditors in relation to the external audit. Any exception      must be authorized by the Audit Committee and must be reported to Crystallex’s      Board of Directors.

**OFF BALANCE SHEET ARRANGEMENTS**

Crystallex does not have any off-balance      sheet arrangements.

**TABULAR DISCLOSURE OF CONTRACTUAL  OBLIGATIONS**

This information is provided under the heading “Contractual          Obligations and Other Commitments” set forth in “Management’s          Discussion and Analysis,” which is Annex D to the 2004 Annual          Information Form, filed as Exhibit 99.1 to this annual report on Form      40-F, and incorporated herein by reference.

**IDENTIFICATION OF AUDIT COMMITTEE**

Crystallex has a separately designated standing Audit Committee. The current members of  the Audit Committee are Johan C. van’t Hof (Chair), C. William Longden  and Harry J. Near, each of whom is independent as such term is defined under  applicable securities      laws and applicable American Stock Exchange rules. The information contained      under the heading “Audit Committee” of Crystallex’s 2004      Annual Information Form, filed as Exhibit 99.1 to this annual report on  Form 40-F, is incorporated herein by reference.

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**UNDERTAKING**

Registrant undertakes to make available,      in person or by telephone, representatives to respond to inquiries made      by the Commission staff, and to furnish promptly, when requested to do      so by the Commission staff, information relating to: the securities registered      pursuant to Form 40-F; the securities in relation to which the obligation      to file an annual report on Form 40-F arises; or transactions in said securities.

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**SIGNATURE**

Pursuant to the requirements of      Section 12 of the Securities Exchange Act of 1934, the Registrant certifies      that it meets all of the requirements for filing on Form 40-F and has duly      caused this annual report to be signed on its behalf by the undersigned,      thereto duly authorized.

**CRYSTALLEX INTERNATIONAL CORPORATION**

|   | BY:    | /s/ Daniel R. Ross                                                       |
|--------|--------|-----------------------------------------------------------------------------------------|
|   |   | Daniel R. Ross        Executive Vice-President,          CorporateCounsel and Secretary |
|   |   |                                                                                    |

Date:  March      31, 2005

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**Exhibit Index**

| **Exhibit****No.**  |   | **Exhibit**                                                                                                                                                                                                                                                                        |
|--------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                          |   |                                                                                                                                                                                                                                                                               |
| 23.1                     |   | Consent of Deloitte & Touche      LLP                                                                                                                                                                                                                                          |
|                          |   |                                                                                                                                                                                                                                                                               |
| 23.2                     | *      | Consent of SNC-Lavalin Engineers & Constructors      Inc.                                                                                                                                                                                                                      |
|                          |   |                                                                                                                                                                                                                                                                               |
| 23.3                     | (1)    | Consent of Mine Development      Associates                                                                                                                                                                                                                                        |
|                          |   |                                                                                                                                                                                                                                                                               |
| 23.4                     |   | Consent of Dr. Luca      Riccio, P. Geo.                                                                                                                                                                                                                                      |
|                     |   |                                                                                                                                                                                                                                                                               |
| 31.1                     |   | Certification of Todd Bruce          pursuant to Section 302 of the Sarbanes Oxley Act of 2002.                                                                                                                                                                                    |
|                     |   |                                                                                                                                                                                                                                                                               |
| 31.2                     |   | Certification of Borden D.          Rosiak pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                              |
|                          |   |                                                                                                                                                                                                                                                                               |
|  32.1               |   | Certification of Todd          Bruce pursuant to Section 906 of the Sarbanes Oxley Act of 2002.                                                                                                                                                                                    |
|                     |   |                                                                                                                                                                                                                                                                               |
| 32.2                     |   | Certification of Borden      D. Rosiak pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                  |
|                     |   |                                                                                                                                                                                                                                                                               |
| 99.1                     |   | Annual Information Form          for the Year Ended December 31, 2004, and annexes thereto                                                                                                                                                                                         |
|                     |   |                                                                                                                                                                                                                                                                               |
| 99.2                     |   | Audited Consolidated Financial          Statements as at and for the year ended December 31, 2004 and Management’s          Discussion and Analysis of Financial Condition and Results of Operations,          incorporated by reference from Annexes A and B to Exhibit 99.1 |
|                     |   |                                                                                                                                                                                                                                                                               |

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| (1) | Filed as Exhibit 23.3 with Pre-Effective        Amendment No. 1 to Registration Statement No. 333-13838, filed on October    19, 2001, and incorporated herein by reference. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| *   | To be filed by amendment.                                                                                                                                                    |

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