Rapaport News



Rapaport Broadcast
Martin Rapaport Addresses Israel Diamond Week
February 12 2020

Advanced search
Latest Articles
Rough Markets
Polished Markets

Flemish Govt. Backs Industrial-Synthetics Factory

Investment will help Indian producer grow diamonds for industrial uses.
Jan 13, 2019 9:46 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share

 A Belgian regional authority will invest EUR 2 million ($2.3 million) in a production facility for industrial synthetics.

The financial input from the government of Flanders will help India-based Heyaru Engineering launch the lab-grown-diamond factory — its first in Europe — in the city of Lommel. Heyaru will invest about EUR 24 million ($27.5 million) in the project. The hub will boost the local economy by promoting innovation and creating employment opportunities, the government said.

“Heyaru’s investment not only brings new jobs, the company also wants to contribute to the development of a Flemish ‘knowledge cluster’ on synthetic diamonds,” said Philippe Muyters, the Flemish minister for economy and innovation.

The Antwerp World Diamond Centre (AWDC) welcomed the move, adding that the facility would mainly produce diamonds for industrial and technical uses. The move to Antwerp makes sense, AWDC noted, as the city already specializes in cutting synthetic diamonds for high-tech industries.

Image: Diamond-tipped drill polishing metal. (Shutterstock)
Tags: Antwerp World Diamond Centre, AWDC, Heyaru Engineering, Philippe Muyters, Rapaport News, Synthetics
Similar Articles
Benny LandaTech Pioneer Sees Future for Synthetics in Israel
Jan 02, 2020
Israel has an opportunity to forge a new specialism in diamond synthesis as its...
Alrosa Collaborates on WeChat Blockchain
Can Nanotechnology Save the Diamond Trade?
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First

Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
twitter twitter
About Rapaport
Advertise with us