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Dear All.


SMH - October 15, 2007 - 4:04PM

Conference told of strong diamond demand

The international diamond mining industry is struggling to keep up with growing demand, a conference has been told in Perth.

Senior geologist with Canadian explorer Stornoway Diamond Corporation John Armstrong said diamond exploration and development companies throughout the world were taking advantage of this "perfect storm".

"That is, the split between the supply and demand curve - basically the predicted demand for diamonds far outstrips what can be produced at the moment," Dr Armstrong told the Paydirt World Diamond Conference.

"Companies are trying to take advantage of that with new discoveries, or those that are already in their portfolios.

"Those with the ability to market their own products, and there are various advantages in that, and companies that are able to maintain the marketing rights for their diamonds, are those best positioned to prosper."

Dr Armstrong said China and India were showing strong growth in the demand for diamonds, with that trend expected to continue in the coming years.

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