Anglo’s sale of De Beers hindered by diamond market state
Anglo American has warned of more production cuts at De Beers due to reduced spending by Chinese consumers prolonging the market downturn.
IIa Technologies colourless grown diamonds
The world’s largest diamond greenhouse developed by IIa Technologies, was inaugurated by Mr Tharman Shanmugaratnam, Singapore Deputy Prime Minister and Minister of Finance and was attended by representatives from the Economic Development Board (EDB) this morning.
Speaking at the opening, Vishal Mehta, CEO, IIa Technologies said, “We are extremely proud to have created the world’s largest diamond greenhouse right here in Singapore, the innovation hub of Asia. Today, IIa Technologies is the only diamond greenhouse in the world that can grow high quality Type IIa diamonds, which are considered the purest and rarest types of diamonds.”
Mr. Lim Kok Kiang, Assistant Managing Director of the Singapore Economic Development Board added, “IIa Technologies’ investments in Singapore opens new opportunities for research into the use of diamonds for high tech applications, such as high-precision cutting tools, quantum computing data storage, optical imaging and radiation detection. This will enhance the competitiveness of Singapore’s R&D ecosystem and manufacturing capabilities, particularly for the Precision Engineering, Medical Instruments, Optical Equipment, Electronics and Semiconductor industries.”
IIa Technologies pink grown diamonds
