A pilot test of the lab-grown diamond facilities has been successfully completed.
As announced previously, Asian Eco entered into a 3-year lease agreement for an industrial property located at Kallang for the production of lab-grown diamonds.
A wholly-owned subsidiary,
Growing Industrial Applications of Lab-Growth Diamonds
Diamonds are more widely known to be used in jewellery but diamonds are also commonly used for industrial applications in oil & gas, medical equipment, aerospace, among others.
With an impressive combination of chemical, physical and mechanical properties that are ideal for a wide array of industrial applications, there is increasing commercialisation of scientific discoveries for the industrial applications of diamond in the next generation of semiconductors, aerospace, electric vehicles, medical equipment, among others.
To harness such opportunities, Asian Eco has previously entered in various memorandum of understandings and collaboration agreements with strategic partners and prominent institutions in the areas of research and development and commercialisation.
Commenting on the commencement of Asian Eco's commercial production of lab-grown diamonds in
Aligned with the macro trends of the global lab-grown diamond market, we aim to progressively scale up our production capabilities in
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