Rapaport News



Rapaport Broadcast
Rapaport’s ‘State of the Diamond Industry’ Address
June 08 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
EverledgerShairu, Everledger Team Up to Track Emissions
Apr 23, 2020
Technology company Everledger has partnered with De Beers sightholder Shairu...
Sarine Ushers In Era of In-Factory Grading
Weak Market Drives Sarine to Full-Year Loss
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