During the corresponding time, Scio Diamond Technology Corp recorded a revenue increase by 462.71 % year on year, sequentially revenue grew by 192.15 %. While revenue at the Scio Diamond Technology Corp's corporate clients
Scio Diamond Technology's Comment on Sales, Marketing and Customers
Our customers in the gemstone marketplace consist of diamond brokers, diamond
cutters and diamond wholesalers both domestic and foreign. Diamond cutters take
deliveries of diamonds in a rough form, known as cores or whole crystals, where
they will employ a variety of industry standard techniques of laser cutting and
polishing diamonds. These techniques are identical to the techniques that are
used in the production of mined gems. Diamond brokers and wholesalers will also
take delivery of our diamonds in the rough form, but will also purchase diamond
gems that we cut and polish.
If we continue to reliably manufacture diamond products and are successful in
expanding our manufacturing capacity, we anticipate that we will experience increased
demand for our products both domestically and internationally, given the potential
demand for diamond, the variety of potential uses for these products in gemstone,
high tech applications, alternative energy technologies, and defense technologies.