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Trading For A Living
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Everyday
Elite |
06-Jan-2022 20:20
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Previously, the Group announced in October 2021 that AET has entered into a 3-year lease agreement for an industrial property located at Kallang for the production of lab-grown diamonds. Due to COVID19, there were delays in renovation progress of the production facility and shipment to import the specialised lab-grown diamond equipment into Singapore. Nevertheless, the Group is committed to commence production of lab-grown diamonds in Singapore as soon as possible. Part of today' s Sgx announcement : https://links.sgx.com/FileOpen/PR%20-%20Suntec%20Exhibition.ashx?App=Announcement& FileID=696917 |
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spursfan
Supreme |
06-Jan-2022 19:38
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Singapore, 6 th January 2022 ? SGX-listed Metech International Limited (?Metech? or the ?Company?, and together with its subsidiaries, the ?Group?), is pleased to announce that it has set up an exhibition of lab-grown diamonds at the East Atrium of Suntec City, which will be open to the public until 28 February 2022. The exhibition is to showcase how lab-grown diamonds will be produced by its joint venture company, Asian Eco Technology Pte. Ltd. (?AET?) (?亚 洲 易 高 生 态 科 技 有 限 公 司 ?). There are several showcases displaying polished lab-grown diamonds for jewellery and industrial applications of lab-grown diamonds in infrared window materials for aerospace, semiconductors, Power Electronic Device for electric vehicles, surgical tools etc... https://links.sgx.com/1.0.0/corporate-announcements/5VMPACOW8YDPVD0F/696917_PR%20-%20Suntec%20Exhibition.pdf | ||||
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Everyday
Elite |
06-Jan-2022 10:17
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28k at 0.33.....
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Everyday
Elite |
06-Jan-2022 09:40
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Strange....no transaction as of now 9.40am..... | ||||
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tedlim
Veteran |
06-Jan-2022 09:26
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If you talk about high-growth biz now...Metech lab grown diamond biz is probably the highest potential...even attracted US$100 million in financing. | ||||
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spursfan
Supreme |
06-Jan-2022 08:49
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ssh Ng acquired a further 5mil shares ave. 35.5cts. https://links.sgx.com/1.0.0/corporate-announcements/KNNEG991CWEAOQSR/696807__eFORM3V2_Ng%20Eng%20Tiong.pdf https://links.sgx.com/1.0.0/corporate-announcements/DTQ86X6SJR0UG5SZ/696388__eFORM3V2_Ng%20Eng%20Tiong.pdf |
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WBdisciple
Elite |
06-Jan-2022 08:37
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If i am not wrong...Metech' s lab grown diamond business uses the CVD method: CVD Diamonds Chemical Vapor Deposition (CVD) is a more recently developed technique by which diamonds can be grown from a hydrocarbon gas mixture. In the CVD process, a thin slice of diamond seed (often an HPHT produced diamond) is placed in a sealed chamber and heated to around 800 degrees Celsius. The chamber is then filled with a carbon rich gas (usually methane) along with other gases. Then, the gases are ionized into plasma using microwaves, lasers, or other techniques. The ionization breaks the molecular bonds in the gases and the pure carbon adheres to the diamond seed and slowly builds up into a crystal, atom by atom, layer by layer. The CVD process has a few advantages over the HPHT process. High pressures are not needed, and temperatures, while high, do not need to be anywhere near as high as with HPHT. Also, CVD diamonds can be grown over larger areas by starting with a larger diamond seed plate. Finally, the CVD process allows for a finer control over the environment in the growth chamber and thus the properties of the finished diamond. However, even with all of these advantages, the largest known, polished lab grown CVD diamond as of the time of this writing is only 3.23 carats it was graded as I color and VS2 clarity. Intense research is ongoing around the world into the field of Chemical Vapor Deposition, and every day the technology is improving. https://www.mygemologist.com/learn/lab-grown-diamonds/how-are-lab-grown-diamonds-made/ |
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WBdisciple
Elite |
06-Jan-2022 08:35
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How lab-grown diamonds are taking the shine off mined gems For years, diamond mining companies told consumers that " a diamond is forever." But in recent decades, the diamond industry has come under fire for its links to conflict, corruption, and colonialism. Now, diamonds can be grown in a lab at a fraction of the cost. So will mined gems become a thing of the past? Or will they live up to their purveyors' promise and last forever? This video is a good showcase: https://news.yahoo.com/lab-grown-diamonds-taking-shine-181842262.html |
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Everyday
Elite |
05-Jan-2022 14:13
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Twinkle twinkle little Star.... Tell us Diamond where You are.... |
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Joelton
Supreme |
04-Jan-2022 09:45
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Metech International to establish joint laboratory to create new materials with lab-grown diamonds
Catalist-listed Metech International announced, on Jan 3, that it had entered into a tripartite collaboration with TEINYO and Yuhang Technology to establish a joint laboratory for the research and development (R& D) of new materials in Shenzhen, China.
The agreement was signed on Dec 31, 2021, via Metech&rsquo s joint venture company (JVC), Asian Eco Technology.
TEINYO belongs to the HIT Robot Group, which is a leading brand of scientific rehabilitation in China, while Yuhang Technology specialises in intelligent manufacturing systems and the industrial applications of artificial intelligence-based Internet of Things
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According to Samantha Hua, deputy chief executive officer and executive director of Metech, the company aims to &ldquo revolutionise commercial and research applications of [a] diamond by creating new materials with lab-grown diamonds and making them more affordable and easily available for wider adoption for the next generation of industrial applications within the semiconductors, aerospace, electric vehicles, medical equipment field, among others.&rdquo
On 24 Dec 2021, Ningbo Meishan, Signs Strategic Collaboration Agreement with intention to provide funding of US$100 million in AET through debt and/or equity financing and the proceeds will be primarily used to increase AET&rsquo s lab- grown diamond production capacity and capabilities in Singapore
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For_The_Next_Leg
Master |
03-Jan-2022 11:44
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$MetechIntl(V3M.SI) Other than jewellery and industrial, the company is also getting involved in the latest tech of robotic and IoT in China. Do note that China 5G revolution is moving at a faster pace than the other countries around the world. Thus, these development could provide revenue faster than we anticipate.
TEINYO which belongs to HIT Robot Group, a leading brand of scientific rehabilitation in China, is dedicated to scientific rehabilitation and intelligent nursing.
Shenzhen-based Yuhang Technology specialises in intelligent manufacturing systems and the industrial applications of artificial intelligence-based Internet of Things.
https://links.sgx.com/1.0.0/corporate-announcements/HWX32X0GCQLH38BJ/14c51acbeda0dbc91d7720bf8cb879f33f29ef8234df127234a2b204e6e71e2b
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eric998
Supreme |
03-Jan-2022 10:12
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keeping this for 2022, attracting new investors with exciting growth. Hope my Lippo can perform this year. Queuing for more Lippo 52/53.
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Everyday
Elite |
03-Jan-2022 09:55
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The diamond factory hv not started yet....supposed to commence end Dec 2021. Why the delay?....and when is the factory commencing? |
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Joelton
Supreme |
03-Jan-2022 09:38
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Several large shareholders in Catalist-listed Metech raised their stakes in the company in the final weeks of December.
The company had a new substantial shareholder, Ng Eng Tiong, on Dec 23, after he purchased some 3.5 million shares of the company via a market transaction for S$1.3 million. He later acquired an additional 2.5 million shares for S$902,500 on Dec 24, taking his interest to 10.8 million shares or 7.3 per cent of the company as of the acquisition date.
Substantial shareholder Lim Hean Nerng, was also a buyer of shares on Dec 24, acquiring 1 million shares via a market transaction for S$365,000. This resulted in an increase of his total interest in the company' s shares to 19.8 million, or 13.3 per cent of the company as of that date.
Metech shares have climbed 18.6 per cent in December, and the Singapore Exchange (SGX) on Dec 20 queried the company on " unusual volume movements" in its shares recently.
The company noted that it had in September entered into an agreement to establish a JV, in line with the group' s strategy to expand into the environmental and sustainability business and manufacturing and distribution of lab-grown diamonds.
It announced its circular seeking shareholder approval for the proposed business diversification on Dec 24. Metech also said on the same day that its JV company Asian Eco Technology (AET) has entered into a strategic collaboration agreement with an entity known as Ningbo Meishan.
According to Metech, Ningbo Meishan has the intention " to provide funding of US$100 million in AET' s lab-grown diamond business activities through debt and/or equity financing" .
Buybacks
Between Dec 17 and Dec 30, some 23 companies on the SGX reported share buybacks with a total consideration of S$31.8 million.
During the period, Wilmar International led the consideration tally, with the purchase of nearly 2.2 million shares over 2 sessions for a total of S$8.9 million.
The agribusiness giant bought back the shares at price levels of between S$4.02 and S$4.11, close to the weakest levels seen this year for the counter. Wilmar had in February traded as high as S$5.64.
Since the beginning of its share buyback mandate in April, the company has bought back some 19.9 million shares.
Several other STI constituent companies were also carrying out buybacks during the last 2 weeks of the year.
CapitaLand Investment carried out buybacks over 2 sessions, purchasing some 2.3 million shares for S$7.8 million. Since its share purchase mandate in July, nearly 62 million shares have been purchased.
Other companies that were leaders in the consideration tally over the past 2 weeks include Yangzijiang Shipbuilding - which purchased some 3 million shares for S$3.9 million - as well as OCBC, which bought back 200,000 shares for S$2.3 million.
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MakeChanges
Elite |
03-Jan-2022 08:08
Yells: "No price is too low for a bear or too high for a bull" |
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Tripartite Collaboration with TEINYO, and Shenzhen-based Yuhang Technology to Establish a Joint Laboratory for Research and Development of New Materials &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 &bull AET has the technological capabilities to produce the highest grade of lab-grown diamonds &bull TEINYO, focuses on developing and commercialising new healthcare rehabilitation solutions with scientific methodologies and technology innovations &bull Shenzhen-based Yuhang Technology specialises in intelligent manufacturing systems and the industrial applications of artificial intelligence-based Internet of Things. |
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spursfan
Supreme |
03-Jan-2022 08:03
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Halt lifted---Tripartite Collaboration with TEINYO, and Shenzhen-based Yuhang Technology to Establish a Joint Laboratory for Research and Development of New Materials....https://links.sgx.com/1.0.0/corporate-announcements/HWX32X0GCQLH38BJ/696434_PR%20-%20Tripartite%20Collaboration.pdf | ||||
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Everyday
Elite |
02-Jan-2022 16:36
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Will trading halt be lifted tmr? | ||||
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MakeChanges
Elite |
31-Dec-2021 07:58
Yells: "No price is too low for a bear or too high for a bull" |
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TRADING HALT! | ||||
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spursfan
Supreme |
31-Dec-2021 07:44
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Trading halt pending announcement. | ||||
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tedlim
Veteran |
29-Dec-2021 16:56
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Insightful article....shows the market prospects and the technical complexities of lab-grown diamonds. The lab-grown diamond report: All that glitters 4.1 k views | Posted October 01, 2021 | By Arabella Roden &bull Former editor The past three years have seen the lab-created diamond category expand and develop, though not all have embraced it &ndash yet, writes ARABELLA RODEN. Three years on from the &lsquo watershed&rsquo year of 2018, when natural diamond juggernaut De Beers introduced Lightbox Jewelry, the lab-created diamond category has gone from strength to strength. &ldquo Over the past few years, lab-grown diamonds have monumentally changed the diamond jewellery landscape, forever,&rdquo says Craig Miller, a second generation diamantaire and CEO of JC Jewels &ndash one of the first diamond suppliers in Australia to embrace the lab-created category. &ldquo From the consumer' s point of view, De Beers entering the lab-grown space accelerated acceptance, engagement, and validation. From there, consumer demand and engagement pushed retailers to engage, and now we watch as lab-grown diamonds become mainstream,&rdquo Miller observes. Miriam Neubauer, director Grown Diamonds, confirms that consumer awareness of lab-created diamonds has significantly improved. &ldquo Two years ago, consumers did not know the difference between diamond simulants, such as cubic zirconia, and lab-grown diamonds however, today they are a lot more educated and researched and understand that they are optically, physically and chemically identical &ndash with the only difference being their origin,&rdquo she tells Jeweller. Phil Edwards, Duraflex Phil Edwards, Duraflex &ldquo We strongly feel that consumer demand for more affordable and sustainable product, without compromising on actual diamond quality, is a market trend that will continue to grow and will have a positive impact on the trajectory of this category.&rdquo PHIL EDWARDS, DURAFLEX GROUP AUSTRALIA This is reflected not only in Australia, but globally. Phil Edwards, managing director of Duraflex Group Australia, which distributes the Swarovski Created Diamonds range, says, &ldquo The fact that a global brand such as Swarovski has launched their own Created Diamonds collection speaks highly to the significance and importance of this category. &ldquo We strongly feel that consumer demand for more affordable and sustainable product, without compromising on actual diamond quality, is a market trend that will continue to grow and will have a positive impact on the trajectory of this category.&rdquo Meanwhile, Catherine Martin, head of communications at US-headquartered Diamond Foundry, notes &ldquo a massive increase in consumer interest and demand for lab-grown diamonds virtually overnight people have come to accept this new category of product.&rdquo Indeed, a study conducted by marketing firm The MVEye &ndash formerly MVI Marketing &ndash in 2020 found that 80 per cent of consumers surveyed were aware of lab-made diamonds, compared with less than 10 per cent in 2012. Martin observes that new demand is coming from previously untouched categories, such as the high-end watch market meanwhile, major vertically-integrated retailers such as Pandora have launched dedicated lab-created collections to capitalise on consumers' desire for the product. Meanwhile, lab-created diamond production reached between 6&ndash 7 million carats last year, according to The Global Diamond Industry 2020&ndash 21: Brilliant Under Pressure, a report authored by business strategy and research consultancy Bain & Co. That figure is still dwarfed by the natural diamond category Bain & Co. estimated 111 million carats of natural diamonds were produced in 2020, largely as a result of the COVID-19 pandemic between 2010&ndash 2018, global production averaged approximately 130 million carats, with a peak of 152 million in 2017. However, production capacity continues to rise, with the Brilliant Under Pressure report noting a &ldquo double-digit&rdquo increase in 2020 compared with 2019, and a 15-20 per cent increase between 2018 and 2019. Craig Miller, JC Jewels Craig Miller, JC Jewels &ldquo From the consumer' s point of view, De Beers entering the lab-grown space accelerated acceptance, engagement, and validation. From there, consumer demand and engagement pushed retailers to engage, and now we watch as lab-grown diamonds become mainstream.&rdquo CRAIG MILLER, JC JEWELS This growth is largely driven by expanded production in China, where the majority &ndash approximately 50 to 60 per cent &ndash of the world&rsquo s lab-created diamonds are manufactured, using the high-pressure, high-temperature (HPHT) method however, the US and India are &ldquo emerging as major production centres&rdquo using chemical vapour deposition (CVD) techniques. Diamond Foundry, which uses a proprietary CVD mechanism in order to produce its lab-created diamonds, recently announced plans for a new &euro 740 million solar-powered production facility in Spain. The factory will have an estimated capacity of 10 million carats, a proportion of which will be used for jewellery. Diamond Foundry is also planning an expansion of its hydro-powered US factory, while its jewellery retailer, Vrai, has recently opened stores in Shanghai and Los Angeles, with &ldquo more to come,&rdquo says Martin. Meanwhile, Element Six &ndash De Beers&rsquo lab-created diamond manufacturing division, which supplies Lightbox Jewelry &ndash opened a $US94 million new factory in the US state of Oregon in October 2020. The new facility will support Lightbox&rsquo s recent introduction of white, pink and blue lab-created diamonds up to including 2 carat sizes, and the Finest range of VVS D&ndash F Excellent cut lab-created diamonds, priced at $US1,500 per carat &ndash which it noted was &ldquo well below&rdquo current prices. The Finest product line is the result of a new proprietary engineering process developed by Element Six, combining existing CVD technology with a further refinement process that enhances colour in stones. Speaking to Jeweller, Steve Coe, CEO Lightbox Jewelry, said, &ldquo For now, our focus is on growing and expanding the Lightbox business. Our new state-of-the-art manufacturing facility in Portland, Oregon came on line at the end of last year and gives us the capacity to dramatically scale up our distribution to consumers in the coming months. &ldquo This includes both growing our own e-commerce platform lightboxjewelry.com and also substantially expanding the list of retail partners that we supply. You can expect to see a lot more of Lightbox in the months and years ahead.&rdquo He added, &ldquo We have seen a noticeable trend toward larger sizes and higher qualities and we are leading the way here.&rdquo Yet while the lab-created category appears to be on a positive trajectory, challenges persist. From top: Diamond Foundry Kimai Above: Moi Moi Fine Jewellery Above: Kimai Above: JC Jewels Knowledge and numbers While consumer awareness and demand for lab-created diamonds has come a long way in recent years, many believe the most pressing challenge is still education, with several contributors observing that the market is rife with &ldquo misinformation&rdquo . &ldquo We find many consumers remain relatively unaware of what a lab-grown diamond is and there is clearly still a requirement to provide education and information to consumers,&rdquo says Coe. &ldquo While it is the same material with the same optical and physical properties as a natural diamond, the great value proposition for Lightbox lab-grown diamonds is that they offer consumers exceptional quality at a very accessible price point, allowing the consumer to make informed purchase decisions.&rdquo Alexander Lacik, Pandora Jewelry Alexander Lacik, Pandora Jewelry &ldquo [Lab-grown diamonds] are as much a symbol of innovation and progress as they are of enduring beauty and stand as a testament to our ongoing and ambitious sustainability agenda.&rdquo ALEXANDER LACIK, PANDORA Miller shares similar insights, pointing to a definite &ldquo lack of consumer education&rdquo . &ldquo If you search lab-grown diamonds on Google &ndash which is where the customer journey begins for many &ndash there is limited information and education online, and much of what is found can be misleading, partially derived from a disconnect with the mined sector and the lab-grown side,&rdquo he explains. According to a 2021 survey of more than 1,000 consumers aged 25&ndash 60, conducted by US jewellery industry organisation The Plumb Club, 79 per cent of consumers said that they were aware of lab-grown diamonds and their use in fine jewellery &ndash yet 41 per cent did not know how they differed from natural stones. This indicates further resources should be allocated toward educating consumers. Miller also believes retailers are &ldquo lacking much-needed education within the Australian and New Zealand market, where lab-grown diamonds are fast growing in popularity.&rdquo Neubauer says some jewellers remain &ldquo not open-minded&rdquo and &ldquo refuse to sell lab-grown diamonds to their consumers&rdquo . Others across the industry have noted misconceptions about the differences between HPHT and CVD, and the types of post-growth treatments applied to the stones. Edwards says the &ldquo ongoing education process is absolutely key, in addition to increasing the availability of the product across Australia.&rdquo &ldquo [There has been] a massive increase in consumer interest and demand for lab-grown diamonds virtually overnight people have come to accept this new category of product.&rdquo CATHERINE MARTIN, DIAMOND FOUNDRY &ldquo Historically, the main challenge was regarding the misconception or rather limited awareness of the quality of lab-grown diamonds and not enough price differential to natural diamonds,&rdquo he explains. &ldquo However, there&rsquo s currently a definite shift as consumers are becoming more educated about the lab-creation process and the identical properties of diamonds and lab-grown diamonds, whilst the price has reduced and now plateaued." Notably, price has been a sticking point for the lab-created diamond category since its inception. Speaking to US jewellery industry publication JCK Online recently, diamond industry analyst Edahn Golan commented, &ldquo We see continued demand and a continued decrease in prices. What we&rsquo re seeing is the sort of &ldquo ills&rdquo we&rsquo re suffering from in the natural diamond industry. " A lot of goods are supplied on memo, there&rsquo s stiff competition between wholesalers, and, in addition to that, we&rsquo re seeing the elements that are typical of a technologically driven item: For example, the cost of production is going down.&rdquo According to Bain & Co.&rsquo s analysis, the retail price of a 1-carat, G colour, VS-clarity lab-created diamond fell to only 35 per cent of an equivalent mined diamond in 2020 in 2019 and 2018 this figure was 50 per cent, and in 2017 it was 65 per cent. Other types of diamond boasted even greater disparities, with the price-difference between equivalent lab-created and natural fancy colour diamonds as great as 1,000 per cent. And despite the decline in both production costs and retail prices, wholesale prices of lab-created diamonds remained stable throughout 2020, resulting in a contraction in the margins of traders and jewellery manufacturers. Still, diamond industry analyst Paul Zimnisky wrote in 2020, " When analysing the wholesale and retail prices of unbranded man-made and natural diamonds, it appears that the retail gross margin of man-made diamonds in popular carat-sizes is as much as 1.8 times that of natural diamonds." Golan told JCK Online, &ldquo [Retailers are] doing everything to protect their margin. &ldquo So, if producers raise prices on a certain item, then they&rsquo ll raise prices to consumers. On the other hand, if wholesalers are reducing prices, then retailers are more flexible on pricing, too. So consumers are enjoying it.&rdquo Brett Bolton, director Biron Laboratory Grown Diamonds, explains, &ldquo The price falling is great for the fashion side of the market, but concerning for some if using them for engagement rings or as a 2-carat option to a natural diamond.&rdquo However, lower prices are not necessarily a negative, with numerous advantages and sales strategies that retailers can employ. Bolton says, &ldquo When selling these stones, retailers have to focus on the benefit of the price and the fact that they will not scratch or change colour over time &ndash not that they are &lsquo a cheaper diamond&rsquo .&rdquo Bolton notes that price pressures have also sparked innovation in the lab-created category, leading to &ldquo more experimental colours, shapes and also growth techniques&rdquo . Says Diamond Foundry&rsquo s Martin, &ldquo We are in constant pursuit of creating a better diamond &ndash ever larger and ever higher quality. We have not yet cracked the D colour level for larger diamonds it is still incredibly hard to achieve the highest quality levels of diamond using the most advanced technology.&rdquo |
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