Delta Mining and Exploration. Diamonds are a Growth Industry. There is expected to be continued demand for diamonds worldwide with an upward growth progression.
China is likely to become a world center of diamond trade as the number of wealthy people there is growing rapidly, and may eventually overtake the United States as the biggest market, noted Eli Avidar, managing director of Israel Diamond Institute (IDI). There are some 150-200 million people in China that are already wealthy to European standards and acquiring international spending habits, including buying diamonds.
Their number is expected to grow rapidly as about a half million Chinese university graduates a year were ready “to join the party” of westernization, Avidar told Reuters.
“That is why we believe that China and the Asia Pacific region will increase (as diamond markets) in 2007 and in years to come,” he said late on Sunday on the margins of an international jewelery fair in the northern Italian city of Vicenza.
“China will become a major player in consumption of diamonds in the world. To become the major, they will have to pass the United States. It will take time. But if the things evolve in the same direction they do now, it will happen, eventually.”
Avidar said China’s recent decision to slash a value added tax on polished diamonds would encourage international companies to sell diamonds directly there instead of going through Hong Kong as many do now.
According to a study by the Gems and Jewelery Export Promotion Council and consulting firm KPMG released in December, China will emerge as a strong global player with a 21 percent share of diamond processing by 2015.
Delta Mining and Exploration received a report on the samples processed from their Montana target. The micro-probe analysis to determine kimberlite provenance and/or specific mineral chemistry was positive. Link here for report.
Stay tuned: There is so much to tell about this exciting prospect that Stock Guru will be checking in several times a day on this company so you can learn about their advantages in their quest for a U.S. diamond mine!
Source: Delta Mining and Exploration and Reuters 2007
Contact: Alex Livak
Investor Relations
242 Kings Rd.
Lewisburg, Kentuc 42256
Tel: 347-813-4664
Em: info@deltamine.com
Delta Mining
242 Kings Rd.
Lewisburg, KY 42256
USA
Website: http://www.deltamine.com
Phone: 347-813-4664
About Delta Mining and Exploration, Corp: http://www.deltamine.com: Delta is a mineral exploration company with an extensive portfolio of diamond properties in Montana. Delta controls some 8000 acres throughout Montana located within the Wyoming Craton where much of North America’s diamonds have been found and has completed two phases of exploration work.
Safe Harbor for Forward-Looking Statements. This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 (the “Act”). In particular, when used in the preceding discussion, the words “plan,” “confident that,” “believe,” “scheduled,” “expect,” or “intend to,” and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, the ability of the Company to complete the planned bridge financing, market conditions, the general acceptance of the Company’s products and technologies, competitive factors, timing, and other risks described in the Company’s SEC reports and filings.
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