SOURCE: Dolat Ventures, Inc.

December 13, 2011 08:44 ET

Dolat Ventures Inc.'s Dove Diamonds Reports Global Diamond Demand Up

Demand in Asia Is Driving Up Prices, However, for Non-Experts, Getting Exposure to the Market Is Not So Easy

NEW YORK, NY--(Marketwire - Dec 13, 2011) - Dolat Ventures Inc. (PINKSHEETS: DOLV) announced today that its Diamond Mining subsidiary Dove Diamonds sees international demand for diamonds increasing.

Diamond demand, in carats, will grow more than six per cent per year through 2020, far outpacing the 2.8 percent annual supply growth, creating a "structural shortage" for the industry and signaling potential price increases, particularly in the larger-carat diamond segments; this according to the "2011 Global Diamond Industry Report," released today by Bain & Company, commissioned by the Antwerp World Diamond Centre (AWDC).

Even the most conservative growth scenario in the report forecasts a strong positive outlook for the $60 billion diamond jewelry industry. A doubling in the ranks of the Chinese and Indian middle classes by 2020 will drive much of the demand surge, with their combined market share projected to reach 30 percent by the end of the decade, up nearly half from its current levels and nearly equal to the share of the United States.

The report also notes that rough diamond producers, similar to Dolat Ventures, and retailers are viewed as the most profitable segments in the diamond value chain, with operating margins of respectively 22 to 24 percent and five to 10 percent; much lower margins in the middle of the value chain are being squeezed from both ends.

"These forecasts have a beneficial impact to our business, as we continue to look for additional acquisition targets operating in diamonds and gold within the country," said Dovid Hauck, President and CEO of Dolat Ventures. "As the rainy season has ended, the company intends to pursue and ramp up its diamond production schedule in the third and fourth quarters, along with securing alluvial gold production in the Moyamba area of southern Sierra Leone," he added.

Dolat's Millenium Mining is located in the Sewa River, located in the heart of Sierra Leone, formed by the junction of the Bagbe and Bafi rivers; it flows 150 mi (240 km) to join the Waanje River and form the Kittam, which empties into the Atlantic Ocean. The country's most important commercial river, it has historically produced the bulk of Sierra Leone's diamond exports.

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About Dolat Ventures Inc. (PINKSHEETS: DOLV)
Dolat Ventures Inc. through its wholly owned subsidiary Dove Diamonds & Mining intends to sell, market, cut and distribute its diamonds and gems around the world. The company intends to purchase rough and uncut diamonds and gems from international suppliers globally.

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