As per Metech’s SGXnet announcement on 17 January 2023, the joint venture agreement with X Diamond Capital Pte. Ltd. has been terminated and Mr Deng Yiming was removed as a director of ASIAN ECO TECHNOLOGY PTE. LTD. More details can be found here

Lab-Grown Diamonds

√ A lab-grown diamond is a diamond: chemically, physically and optically identical to a mined diamond.

√ Lab-grown diamonds are considered as a sustainable source, cheaper alternative and perfect substitute of mined diamonds.

√ Diamonds are more widely known to be used in jewellery but diamonds are also commonly used for industrial applications in medical equipment, aerospace, semiconductors, among others.

JEWELLERY

  • Only the highest grade of lab-grown diamonds are used for jewellery production.
  • Similar to mined diamonds, lab-grown diamonds are graded and certified using the same scale and criteria known as the 4Cs – cut, colour, clarity and carat.
  • The diamond jewellery market is expected to continue to grow, and the rising popularity of lab-grown diamonds will likely outpace the industry’s overall growth.

CULTURED DIAMONDS

  • Synthetic cultured diamonds are more carbon-neutral and environmentally friendly. Produced in laboratories, they have minimal environmental impact. Their low emissions and green attributes align with industrial policies and fit with green consumption concepts, which can contribute to the sustainable development of the industry.