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Metech Intl
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Everyday
Elite |
06-Oct-2022 14:47
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Annual Report(ending June 2022) Pl chk Sgx Co Announcement ( Finalised one) https://links.sgx.com/1.0.0/corporate-announcements/9DA3R9OE309QNW0L/697cc663f78b9c4fed8042f9b5cc5915b05e9540f4bc967d3f6285d977591642 |
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Everyday
Elite |
29-Sep-2022 18:46
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Sept ending by tmr...another quarter completed...quarterly financial report coming? Let wait and see | ||
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For_The_Next_Leg
Master |
05-Sep-2022 13:39
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$MetechIntl(V3M.SI) other than the positive in the article, Russia the biggest diamond miner country is facing sanctions. That also accelerated the lab grown diamonds industry. https://www.investor-one.com/editorial/21635-Deep-Dive-into-this-Net-Cash-Lab-Diamond-Producer-with-2-Year-Total-Shareholder-Return-of-more-than-40 |
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Everyday
Elite |
02-Sep-2022 08:28
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 Good time coming....2nd half of 2022
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tedlim
Veteran |
02-Sep-2022 08:08
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Another Bullish article on Metech: https://www.investor-one.com/editorial/21635-Deep-Dive-into-this-Net-Cash-Lab-Diamond-Producer-with-2-Year-Total-Shareholder-Return-of-more-than-40 |
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Everyday
Elite |
01-Sep-2022 12:27
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Coming quarter ending Sept and year end Dec 2022 results should be better. This is the start of lab diamond factory.....beginning Aug 2022 commencement of diamond production. Production will lead to sales. Sales will bring in income. |
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Noob12
Member |
30-Aug-2022 15:37
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From Citiraya to Centilion to Metech. My unit price is $29.14 and after all the consolidation I own only 1,220.
The one I long ago gave up. Kept this to remind me how foolish I was.
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tedlim
Veteran |
30-Aug-2022 10:00
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Awaiting for their updates and the train will accelerate... Bloomberg: US Demand to Lift India&rsquo s Lab-Made Diamond Exports to $8 Billion India exported $1.3 billion of man-made gems last year Acceptability of product is growing in UK, Australian markets BySwansy Afonso 22 August 2022, 1:31 PM SGT India, which cuts or polishes about 90% of the diamonds sold in the world, is ramping up sales of laboratory-made gems as demand from the US surges and they become more accepted in other markets. Exports of polished lab-grown diamonds may double in the current financial year started April 1 from $1.3 billion in the prior year, Vipul Shah, vice chairman of the Gem & Jewellery Export Promotion Council, said in an interview. &ldquo We have a huge potential to grow exports to $7 billion-$8 billion in the next few years on the back of US demand and acceptability in the UK and Australia,&rdquo he said. &ldquo It is going to be treated as a fashionable jewelry, which is affordable to the youngsters, and that&rsquo s the way the market is going to shift,&rdquo Shah said. Diamonds grown in labs represent a small portion of the market currently -- India shipped nearly $24 billion of polished diamonds mined naturally last year. Still, the much cheaper variety has been growing its share as it has the same physical characteristics and chemical makeup as mined stones, with experts needing a machine to distinguish between synthesized and mined gems. Lab-made diamonds are developed from a carbon seed placed in a microwave chamber and superheated into a glowing plasma ball. The process creates particles that crystallize into diamonds in weeks. Exports of polished lab-grown diamonds from India jumped about 70% in the April-July period to $622.7 million, while those of cut and polished mined diamonds fell around 3% to $8.2 billion during the same period, GJEPC data showed. One advantage of the man-made gem is that it has a tracking system that helps monitor the supply chain and maintain consumer confidence in the gems. &ldquo Commercial gem-quality earth-mined diamonds are being replaced completely by lab-grown diamonds,&rdquo said Ritesh Shah, director at ALTR, one of the first global lab-grown brands to start business in India. The product&rsquo s affordability, low carbon-footprint, size and fine quality offer a big draw for buyers, with the US the front-runner in the shift in consumer behavior, he said. From a handful of companies growing diamonds in labs in the mid-2000s, there are now about 25 such growers in India, he said. The country contributes about 15% of the global production of lab-grown diamonds, according to the GJEPC. |
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Everyday
Elite |
30-Aug-2022 06:09
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2HFY financial result out nothing impressive except cash balance went up fr 2.3m(2021 first half) to 13.2m (Jan to June 2022). They received cash 618k in June 2022 for selling it' s 60% stake in subsidiary Blufu Water This year 2nd half 2022 should be better as diamond factory just started production. Chk Sgx announcement : https://links.sgx.com/1.0.0/corporate-announcements/X5J38BJEIF5D8Z93/94ee65faf19cf858b880f5b329f698d62fd4a5c3df52b09be33c0d4b016ee487 |
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For_The_Next_Leg
Master |
19-Aug-2022 09:17
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$MetechIntl(V3M.SI)
" So much so, that by 2030, the expected lab-created diamond market size is expected to double up in its share market price &ndash and go from a reported 19.3$ billion in 2020 to a whopping 49.9$ billion in the next ten years"
Amazing TAM!
https://timesofindia.indiatimes.com/blogs/voices/the-many-facets-of-lab-grown-diamonds/
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WBdisciple
Elite |
19-Aug-2022 08:14
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Jewellery maker Pandora goes big on lab-made diamonds with North American launch COPENHAGEN, Aug 16 (Reuters) - Pandora (PNDORA.CO), the world' s largest jewellery maker, said on Tuesday it would move ahead with its bet on lab-made diamonds, following its announcement last year to stop selling mined diamonds. Copenhagen-based Pandora will launch a collection using unmined gems in North America this month, as it hopes to attract younger shoppers with cheaper and more sustainable stones guaranteed not to have come from conflict zones. The launch of 269 stores across the United States and Canada as well as online comes after a smaller pilot launch in Britain last year. " Lab-created diamonds are just as beautiful as mined diamonds, but available to more people and with lower carbon emissions," Chief Executive Officer Alexander Lacik said in a statement. Lab-grown diamonds have seen demand growth and price decreases relative to natural-mined diamonds, according to Bain & Company research, which showed the average polished lab-grown retail price declined to 30% of natural prices. The transition of lab-made gems towards being a viable commercial alternative to real diamonds has spurred firms such as De Beers and Swarovski to end their decades-old policy of shunning synthetic gems in their jewellery, while luxury group LVMH (LVMH.PA) also is exploring the category. The products range from a silver ring with a 0.15 carat lab-created diamond worth $300 to a solid gold ring which costs $1950. While production of lab-grown diamonds is energy-intensive, Pandora said its diamonds would be made using only renewable energy. The gems will be made using a technology in which a hydrocarbon gas mixture is heated to 800 Celsius (1,472 Fahrenheit), spurring carbon atoms to be deposited on a small seed diamond, growing into a crystal layer by layer. |
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WBdisciple
Elite |
16-Aug-2022 08:47
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Metech previously stated this in April 2022...seems like more announcements are coming: The MOUs and collaboration agreements remain valid as of today. With current status of machines and production which were explained in response to query 2(c) above, there has been no further development in the MOUs. These MOUs were signed with minimum validity period of one year and reneweable by mutual agreement between Parties. The Company expects definitive agreements in respect of the MOUs and collaboration agreements to be entered into by the JV Company after commencement of mass production. | ||
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tedlim
Veteran |
16-Aug-2022 07:53
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2022 could be the turning point for lab-grown diamondsIn 1947, amidst reports of a new &lsquo cold&rsquo war brewing and inflation hitting 14%, De Beers completely changed the world of diamonds with their advertising campaign &lsquo a diamond is forever.&rsquo
Those four little words have left their mark on history which has remained to this day, writes Robert McKenzie, director of growth at ethical jewellery brand Nightingale. Today, we&rsquo re all too familiar with rising inflation and mounting world tensions. So, is 2022 the year for another seismic shift in the world of jewellery? This time fuelled by lab grown diamonds. We&rsquo re half way through the year and we&rsquo ve already seen massive shifts in the way customers are buying.
At Nightingale, we&rsquo ve always had lab grown diamonds make up 80% of our sales, but we&rsquo ve never seen overall demand higher than it is right now. We&rsquo re seeing a similar pattern across the industry too:
A rise in jewellers&rsquo offering lab grown alternatives has occurred purely due to customer demand, despite organisations like the Natural Diamond Council launching campaigns led by Ana De Armas attempting to turn consumers back to mined diamonds. Predictions for the second half of 2022By all measures and predictions the UK is heading towards a recession. It&rsquo s very likely that we&rsquo ll see the average budget for engagement rings reduce due to lower disposable income and an increase in the cost of finance options due to rising interest rates. We expect lab and mined diamond jewellery will see a similar budget squeeze because historically customers have chosen to simply buy larger lab diamonds, and not reduce the budget they were going to spend on a mined equivalent. However, we predict more customers will consider lab grown diamonds than in previous years. As well as lab grown diamonds being normalised in recent years, the halo effect smaller jewellers are experiencing from the bigger brands will continue to grow. Perhaps the most compelling development is the LVMH group investing heavily into an entirely solar powered lab diamond producer. LVMH owns some of the world&rsquo s highest profile luxury brands including Tiffany, Bulgari, Marc Jacobs and Christian Dior. It certainly puts lab grown diamonds in the right company, firmly cementing their place as a luxury product. |
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Everyday
Elite |
15-Aug-2022 08:44
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Metech hv to update us on the financial benefits as a result of the commencement of the lab grown diamonds. The MOUs to export our diamonds overseas.-.are they implemented? |
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Everyday
Elite |
09-Aug-2022 09:56
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Metech hv signed 13 MOUs in the past waiting to be activated once production started. Hope they do so quickly as there is a one year validity. To quote their recent media release for the commencement of the diamond factory : 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. |
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Everyday
Elite |
08-Aug-2022 17:30
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Last min surge of interest...closed at 0.205. vol 476.9k Investors will see the benefit of producing lab grown diamonds..over time.. |
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Everyday
Elite |
08-Aug-2022 11:49
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Diamond factory commencing is a good start...a positive future...the number of diamonds produced and sold...financial results Likely the next 2 quarters..July to Sept and Oct to Dec 2022. |
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Everyday
Elite |
08-Aug-2022 10:58
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Let' s wait for further news on what are their projected sales...for the 2nd half of this year | ||
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Joelton
Supreme |
08-Aug-2022 10:02
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Metech: Lab-Grown Diamond Facility in Singapore to Commence Commercial Production
&bull With the fire safety certificate issued by Singapore Civil Defence Force, Asian Eco can commence commerical production at its lab-grown diamond facilities located at Kallang
&bull A pilot test of the lab-grown diamond facilities has been successful
&bull Asian Eco has the technological capabilities to produce lab-grown diamonds that are used for jewellery production
&bull A lab-grown diamond is a diamond: chemically, physically and optically identical to a mined diamond, hence without the need for mining, lab-grown diamonds are a sustainable source of this important material
SGX-listed Metech International Limited (&ldquo Metech&rdquo or the &ldquo Company&rdquo , and together with its subsidiaries, the &ldquo Group&rdquo ), is pleased to announce that the lab-grown diamond facilities in Singapore of its joint venture company, Asian Eco Technology Pte. Ltd. (&ldquo Asian Eco&rdquo ) (&ldquo 亚 洲 易 高 生 态 科 技 有 限 公 司 &rdquo ), can commence commercial production, following the receipt of the fire safety certificate issued by Singapore Civil Defence Force.
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, Zhongxin Minghua (Shanghai) International Trade Co., Ltd. (formerly known as Nolash (Shanghai) Pte Ltd.), is now a registered member (企 业 编 号 : 1003) of the Shanghai Diamond Exchange with effect from 13 July 2022.
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&rsquo s commercial production of lab-grown diamonds in Singapore, Ms. Samantha Hua, Executive Director and Chief Executive Officer of Metech, said: &ldquo This is a major milestone in our business strategy, accelerating our growth ambitions within the global lab-grown diamond industry that continues to exhibit positive growth prospects with its sustainability features.
Aligned with the macro trends of the global lab-grown diamond market, we aim to progressively scale up our production capabilities in Singapore and harness new opportunities.&rdquo
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Everyday
Elite |
08-Aug-2022 00:15
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GET READY... | ||
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