SOURCE: Centaurus Diamond Technologies Inc.

July 24, 2012 07:00 ET

Advances in Production of Synthetic Diamonds Spawns Development of Low-Cost Screening Device

LAS VEGAS, NV--(Marketwire - Jul 24, 2012) - Centaurus Diamond Technologies Inc. (the "Company" or "Centaurus") (OTCBB: CTDTE) (OTCQB: CTDTE) (PINKSHEETS: CTDTE) reports that a Hong Kong-based firm has developed a low-cost and highly accurate device for screening and separation of synthetic diamonds from nature. The device, a pen-shaped pointer called the DiamaPen, will be introduced at the Hong Kong Gem and Jewelry Fair. This news further illustrates that synthetic diamonds are virtually indistinguishable from diamonds produced in nature.

Diamond traders are having a very difficult time distinguishing synthetic diamonds, both HPHT- and CVD-grown diamonds, from their natural counterparts. The development of this screening device further illustrates the quality of synthetic diamonds in the market.

Recently, The World Federation of Diamond Bourses (WFDB) called for a meeting on the issue of "undisclosed synthetic diamonds." The meeting, held in Las Vegas, included leading parties of the International Diamond Manufacturers Association (IDMA), the Diamond Trading Company (DTC) and leading diamond certification laboratories. It was decided that all would join efforts to preserve the transparency of the diamond trade for the benefit of the global business to ensure that consumers can receive full disclosure about the diamonds they purchase. Quality synthetic diamonds are making their way into the market on a daily basis. The diamond industry is working hard to put consumers' minds at ease so they know exactly what they are purchasing. The man-made diamond gemstone industry is still very much in its infancy, with only a handful of companies producing them and turning out relatively small numbers of stones. But unlike cubic zirconia, which is a chemically different substance, laboratory gems are considered real diamonds. Centaurus will work with the WFDB to fully disclose the origin of all their diamonds.

About Centaurus Diamond Technologies
Centaurus has been established to fully commercialize its proprietary, cost-efficient and high-volume diamond production method to provide industrial quality diamonds. The Company's patented technology enables the production of "cultured" diamonds that are chemically, atomically and structurally identical to natural diamonds. The Gemological Institute of America has tested the Company's "cultured" diamonds and has confirmed they are diamonds according to their testing protocols.

Safe Harbor Statement
This press release may contain certain "forward-looking statements" relating to the business of Centaurus Diamond Technologies, Inc. and its subsidiary companies. All statements, other than statements of historical fact included herein, are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website at All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

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