GREER, SC, Oct. 19, 2011 /PRNewswire/ - (OTCBB: SCIO) SCIO DIAMOND TECHNOLOGY CORPORATION is pleased to release a statement from Mr. Joseph Lancia, CEO of Scio Diamond Technology Corporation, as he provides insight to the science behind the company.
Introduction SCIO Diamond cultivates laboratory diamonds. SCIO Diamonds are an important component of the diamond jewelry market. In the technology area, we anticipate that diamonds will become the optimal operating system platform for future technology applications and as an industrial material will become the wear resistant material of choice. The diamond jewel market is already at $70B with demand growing dramatically over the next five years, without the natural resources to support it. We hold 13 patents and have over 40 pending regarding our technology. Our diamond has been rated by renowned gemologist as having all the characteristics inherent to a natural diamond. Therefore, it is diamond.
The SCIO Diamond Difference The uniqueness of the Scio Diamond lies in our superior technology for growing the highest quality diamond, in mass quantities, at lower production costs and with lower capital intensity. Scio Diamond stones share identical optical, chemical, and physical properties of natural diamonds. They have the same brilliance, luster, hardness, and toughness. Diamond testing confirms these are real diamonds. A full grading certificate is available for stones. This certificate is issued by an authoritative, independent Gemological Lab, GSI (Gemological Science International New York). The certificate confirms the weight, cut, clarity, color, symmetry as well as the polish quality of the diamond. These attributes will allow the long awaited use of diamond in critical industrial uses, such as semiconductor, water purification, medical devices and laser technology to name a few. Our focused R&D efforts in these fields, coupled with strategic partnerships, within these industries, government and higher education will, in a reasonably short time period, allow these usages to become a reality at acceptable commercial and quality levels.
Albeit, there is a tremendous opportunity in the gem side of the business and Scio Diamond will capitalize through shear economies of scale, our mission is to be the "leader" in driving the admission of diamond technology into the industrial sector.