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tedlim
Veteran |
29-Nov-2021 08:59
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Market for lab-created diamonds forecasted to almost double by 2025https://www.jewellermagazine.com/Article/10128/Market-for-lab-created-diamonds-forecasted-to-almost-double-by-2025
Posted November 03, 2021 | By Richard Chiu With the demand driven by fashion jewellery trends and high-tech, non-jewellery applications, the lab-created diamond market is expected to grow by almost US$4 billion ($AU5.32 billion) by 2025, according to an independent New York-based industry analyst.
Paul Zimnisky, an independent diamond industry consultant said that in the past five years technology and production of high-quality lab-created diamonds have greatly improved and penetrated a wider consumer market due to a significant price difference with natural diamonds. &ldquo Estimated lab-diamond production for use in jewellery has grown from just a few hundred-thousand polished carats per annum as recently as four years ago, to almost 3 million polished carats in 2021 worth almost $2 billion, representing an estimated mid-to-high single-digit percentage of the total global polished diamond market,&rdquo Zimnisky said. " It appears that many consumers that are choosing a lab-diamond in the place of a natural diamond are doing so because of the notable price differential"
PAUL ZIMNISKY, INDUSTRY ANALYST
There has also been a noted increase in the number of suppliers and retailers of these alternative products for novelty and use as carbon-neutral brands and &ldquo super material&rdquo industrial applications. » Background reading: Synthetic, created, lab-grown: What should we call these diamonds? &ldquo It appears that many consumers that are choosing a lab-diamond in the place of a natural diamond are doing so because of the notable price differential,&rdquo Zimnisky said, adding that based on a survey of prices &ldquo one can buy a better-than-average-quality 2.15-carat lab-diamond solitaire for the price of an equivalent 1.00-carat natural.&rdquo Zimnisky believes the price differential between generic lab-created and natural diamonds has steadily widened in recent years, &ldquo in some cases expanding from a 10&ndash 15 per cent differential just a few years ago to as much as 75 per cent, or more.&rdquo The price difference is the &lsquo discount&rsquo of a lab-created stone relative to a natural diamond of similar size and quality. With the likelihood of lab-created diamond companies leveraging branding and other strategies, marketing could focus on lower-priced jewellery competing less with higher-priced natural diamond product. For the long term, the biggest growth for lab-created diamonds is expected to come from the novel and emerging industrial applications such as medical equipment, advanced thermal management devices, energy storage and semiconductors - which is estimated as almost a half-trillion-dollar industry. &ldquo The market size of these applications far exceeds that of jewellery, and the end-user is much more likely to be indiscriminate about whether the diamond is manufactured or natural,&rdquo Zimnisky added. |
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sklong138
Elite |
27-Nov-2021 10:15
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https://documentcloud.adobe.com/link/review?uri=urn:aaid:scds:US:8f7ef5de-4bbb-4937-b37a-0eeb8cef187e 😀 Further acquisition of shares by another SSH in open market. Huat!!! | ||||
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sklong138
Elite |
27-Nov-2021 10:13
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https://documentcloud.adobe.com/link/review?uri=urn:aaid:scds:US:2061b018-65f9-4dcb-8698-8724615e148c 😀 SSH has acquired more shares. Huat to all existing shareholders | ||||
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tedlim
Veteran |
26-Nov-2021 08:12
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Bloomberg: Diamonds - &lsquo Natural&rsquo and &lsquo Ethical&rsquo Are Getting a Divorce
Diamonds from a lab and leather from a vat are better for people and the planet (and no less luxurious) than the stuff nature provides.
Vegan silk and leather, mine-free diamonds, bioengineered perfumes: Lab-grown products with ethical appeal could be the future of luxury. Exemplified by the announcement last week that giant jeweler Pandora A/S will no longer use mined diamonds in its products, the emergence of these high-tech luxury goods represents a significant cultural shift.
Since the first Earth Day a half-century ago, large industries have grown from the widespread conviction that &ldquo natural&rdquo foods, fibers, cosmetics and other products are better for people and the planet. It&rsquo s an attitude that dates back to the 18th- and 19th-century Romantics, who rejected industrialism in favor of sublime landscapes and rural nostalgia: What&rsquo s given is good what&rsquo s made is suspicious, especially if it&rsquo s of recent origin.
That assumption is beginning to reverse, as entrepreneurs and consumers turn to cutting-edge artifice in search of more environmentally friendly, less ethically fraught materials. Substances grown in fermentation vats or built up atom by atom are replacing those wrenched from the earth, stripped from plants and animals or implicated in human suffering.
With their ethical appeal, these high-tech materials raise an interesting possibility. Maybe some ethical standards are themselves a form of luxury, at least until innovations make them less expensive. Democratizing diamonds, then, has the potential to produce not just cheaper bling but new mores about mining and energy use. Growing meat or silk or leather in a vat could make the &ldquo natural&rdquo alternatives someday seem repugnant.
Some new materials, such as Impossible Meat&rsquo s popular vegan burgers or the leather substitutes from companies including Modern Meadow, Bolt Threads and Ecovative Designs, are alternatives to traditional products. (Bolt also makes a bioengineered vegan silk, but not yet in commercial quantities.) Others are the real thing, produced in a new way.
Take those lab-grown diamonds. They are chemically, structurally and optically identical to the natural variety &mdash a fact that irks mined-diamond purveyors no end. (They know what cultured pearls did to the price of those gemstones.) But even Anglo American Plc&rsquo s De Beers, whose chief executive has called lab-grown stones &ldquo not real,&rdquo has started its own division selling lab-made stones as lower-priced fashion jewelry.
Although synthetic industrial diamonds have been around since the 1950s, producing gem-quality diamonds is a recent phenomenon. It builds on technology that was originally developed to make computer chips and thin-film solar cells, but is much more challenging.
The semiconductor industry uses a process known as atomic layer deposition to build films around a hundred atoms thick. To get a diamond crystal large enough for jewelry, however, producers have to build up 10 billion layers.
&ldquo If something goes wrong in layer 1,000, it&rsquo s not going to self-correct,&rdquo said Martin Roscheisen, the founder and chief executive of San Francisco-based Diamond Foundry Inc., in an interview. &ldquo You have to grow to 10 billion layers without things going wrong.&rdquo Now in its eighth generation, the company&rsquo s plasma reactor has an energy density 100 times that used in the semiconductor industry.
Diamond Foundry&rsquo s stones sell for an average of $282 a rough carat, more than twice the De Beers average of $133 for its mined versions. Yet at retail, lab-grown stones are much cheaper. The reason for the paradox is simple. Mined diamonds come in a hodgepodge of size and quality, with the small, flawed and discolored ones bringing down the average price. Lab-grown stones are all high-quality to begin with. But they&rsquo re less aggressively priced, making them cheaper to the consumer. (Both types go through the same cutting and polishing processes.)
Although every lab-grown stone is slightly different, they are all fairly large (about five carats before cutting and polishing) with good color. That consistency is also why even a plasma reactor takes significantly less energy for each gem-quality carat than a mining operation &mdash a selling point to environmentally oriented customers. In announcing its plans to go mine-free, Pandora emphasized the appeal of both lower prices and environmental sustainability to its customer base.
The new luxury materials are grown, not extracted. It&rsquo s a much gentler-sounding process.
&ldquo A lot of luxuries and wonderful products are things that we squeeze out of natural things,&rdquo said Christina Agapakis, the creative director of Boston-based Ginkgo Bioworks, in an interview. &ldquo There will be a tiny amount of these molecules that make a beautiful fragrance in plants. We cut down the whole forest to extract them.&rdquo Ginkgo Bioworks instead bioengineers yeast to produce the right molecules. The goal, Agapakis said, is &ldquo a truly generative&rdquo process. &ldquo If you want a little more, you grow more,&rdquo she said. No killing animals or chopping down trees. But the molecules themselves are the same.
At least for now. Today, the company mostly replaces existing materials, from collagen for cosmetics to patchouli for perfume. In the future, biologists could invent new substances or recover old ones. Agapakis spearheaded a project in which company scientists worked with an artist and a fragrance expert to create possible scents of extinct flowers, starting with DNA sequences from samples stored at Harvard University.
Bioengineered molecules and lab-grown diamonds lack the provenance of traditional luxuries, but they aren&rsquo t fakes. Both chemical analyses and human senses deem them authentic. Once they&rsquo re in the world, telling the difference requires a paper trail. 1
&ldquo This is the fragrance of memory, my own and everyone else&rsquo s. This is the smell we have loved for thousands of years, that has beguiled the generations, the people I know and love, my grandmother,&rdquo Sudeep Agarwala, a yeast geneticist and program director at Ginkgo Bioworks, writes of agarwood, whose scent he hopes to create in yeast. He wonders, &ldquo Will the scent I create in yeast be real?&rdquo If it conjures those memories, it will be.
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sklong138
Elite |
25-Nov-2021 11:15
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Don't worry, the shortists will buy back what they have shorted at higher price.
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For_The_Next_Leg
Master |
25-Nov-2021 11:12
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$MetechIntl(V3M.SI) The big players are increasing stake. Very interesting. I was thinking since the lab grown diamonds are not created yet, the end year results will be bad. But with these BB investing in the company, the share price could be supported.
https://links.sgx.com/1.0.0/corporate-announcements/CSDDCQD5I3U3YYGA/55f088ff85fc14eac1f8acaecd7a1330dc1e6d18c1ea72cb9ac8a6534a7e9abf
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GoodLearner
Senior |
25-Nov-2021 09:22
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It looked like there are many short-selling early in the morning | ||||
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sklong138
Elite |
24-Nov-2021 23:37
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https://documentcloud.adobe.com/link/review?uri=urn:aaid:scds:US:ba11267b-83a5-4e9d-a8f3-f9ccc9a23f37 😀 | ||||
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sklong138
Elite |
24-Nov-2021 17:51
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sklong138
Elite |
24-Nov-2021 17:27
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sklong138
Elite |
24-Nov-2021 17:07
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Metech, my darling diamond. Everyday you give me large sum of free coffee money. You are the best stock for traders. By the way, please show your power to break the next resistance level at 0.33 convincingly. Huat!!! |
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sklong138
Elite |
24-Nov-2021 11:20
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If metech has convincingly break the next resistance of 0.33 as mentioned in my earlier posts, I will up my stake for this counter. Huat!!!
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sklong138
Elite |
24-Nov-2021 11:17
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Metech, you have showed you power & my prediction has finally comes true. Huat!!!
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WBdisciple
Elite |
24-Nov-2021 10:19
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CNBC: Jewelry chains discover a new generation of shoppers as a pandemic wedding boom gets underway
https://www.cnbc.com/2021/11/23/holiday-shopping-2021-a-wedding-boom-is-helping-to-drive-jewelry-sales-.html
PUBLISHED TUE, NOV 23 20217:00 AM EST Younger consumers are playing a growing role in helping to propel the jewelry category.
That&rsquo s in part because many are either thinking about or preparing to get married: 2022 is expected to bring about 2.5 million nuptials, marking a four-decade high.
During the week of Thanksgiving, jewelry sales are expected to rise 39.7% from a year ago, according to Mastercard SpendingPulse.
Millennials are more attracted to lab-grown gems, and jewelers have been adding products with these stones.
Before he proposed to his now-fiancee last fall, Marc Hostovsky spent weeks scouring the internet for information around the &ldquo 4 Cs&rdquo of diamonds &mdash cut, clarity, color and carat &mdash and grading certifications.
The 31-year-old had never made such a significant purchase in his life, he said. He wanted the engagement ring to be extra special, of course. And he went to extra lengths, including reaching out directly to the owner of the e-commerce jewelry marketplace Rare Carat, before he committed to purchasing the final product online.
&ldquo The ring was by far the most expensive thing I&rsquo ve ever bought. It was nerve-racking,&rdquo said Hostovsky, an entrepreneur based in the New York City area. &ldquo I feel like I&rsquo m a jewelry-buying expert now.&rdquo
Younger consumers, like Hostovsky, are playing a growing role in helping to propel the jewelry category. That&rsquo s in part because many are either thinking about or preparing to get married. According to a forecast by The Wedding Report, next year is expected to bring about 2.5 million nuptials, which would mark a four-decade high. Couples will be splurging not only on engagement rings but also on wedding bands and other accessories for the big day.
Meanwhile, other buyers are looking for ways to show appreciation toward a loved one during the pandemic, and jewelry is a great way to do that.
&ldquo People really like giving lasting gifts that emphasize love and commitment, and especially during times of challenges, which I think everyone can certainly relate to [right now],&rdquo said Beth Gerstein, CEO of jeweler Brilliant Earth.
Last holiday season, from Oct. 11 to Dec. 24, sales in the jewelry category fell about 4.3%, according to data from Mastercard SpendingPulse. Albeit a decline, it was a notably better showing than sales at apparel retailers and department store chains, SpendingPulse said.
This holiday, however, jewelers are expecting a much stronger finish to the year. During the week of Thanksgiving, which includes Black Friday but not Cyber Monday, jewelry sales are forecast to grow a whopping 39.7% from year-ago levels, SpendingPulse said. Total retail sales, excluding autos and gas, are predicted to rise about 10% over that time frame.
&lsquo Feel-good purchases&rsquo
According to Marie Driscoll, managing director of luxury and fashion at Coresight Research, some consumers were able to accumulate money during the pandemic since they weren&rsquo t spending on travel and other experiences last year. She explained that these consumers put the extra dollars into their bank accounts and were able to save up for aspirational purchases.
&ldquo If people still had a job and were working from home ... developing this Zoom lifestyle, luxury became a way of celebrating life,&rdquo she said. &ldquo And one of the best feel-good purchases in luxury is jewelry because there are often stories behind [it].&rdquo
Younger consumers also claim to care more about sustainability than their elders, Driscoll said, and they are fueling the growth of lab-grown diamonds. More jewelry companies are adding eco-friendly options with this in mind and it is helping to grow the category, she said.
A lab-grown diamond is manufactured rather than being mined from the ground. It uses technology that replicates the natural diamond growing process but deals less of a blow to the environment. The stones are also less expensive and offer a guarantee that it isn&rsquo t a so-called blood diamond, which comes from a conflict zone.
&ldquo They have avatars, they live in a virtual world, they&rsquo re living in the metaverse,&rdquo Driscoll said of millennials, a demographic that encompasses ages 25 to 40. &ldquo A lab-grown diamond is not as off-putting to someone who&rsquo s under 30 as it is to someone over 30. And then there&rsquo s no problem in terms of the ethics of the diamond.&rdquo
De Beers, once an outspoken critic of synthetic diamonds, in 2018 launched its own lab-grown diamond brand called Lightbox. And Pandora, the jeweler best known for its silver charm bracelets, said earlier this year that it would stop selling mined diamonds and focus on more affordable, sustainable and lab-grown gems.
Meanwhile Tiffany, which is now owned by European luxury conglomerate LVMH, began disclosing last year the country of origin of its diamonds of more than 0.18 carat. The high-end jewelry chain has employed a number of other tactics to reach younger consumers, too. In April, it began selling its first-ever men&rsquo s engagement ring, tapping into the rise of same-sex marriages. And it has enlisted celebrities such as Jay Z and Beyonce to star in its ad campaigns.
&ldquo If you don&rsquo t capture the millennial customer, you put your business model at extreme risk for the future,&rdquo said Oliver Chen, a retail analyst at Cowen & Co.
Social media at the core
Brilliant Earth, a jewelry chain founded in San Francisco in 2005, said about 87% of its active consumer base is either millennial or Gen Z, which includes ages 9 to 24.
According to Gerstein, many of Brilliant Earth&rsquo s customers are finding the brand through social platforms such as Instagram. The company relies primarily on its website to sell engagement rings alongside a wide assortment of lab-grown gems. It has only about a dozen showrooms where people can try on its products in person.
&ldquo Social media has been core to us from the beginning,&rdquo she said. &ldquo It&rsquo s just the younger consumer mindset.&rdquo
The company offers virtual appointments on its website and recently debuted a gift portal for holiday ideas. Among the items that are expected to be top of shoppers&rsquo wish lists this year are zodiac-inspired pieces and tennis bracelets, said Gerstein.
&ldquo This generation wants to buy from brands that they can feel good about wearing,&rdquo she said of millennials.
Brilliant Earth, which listed its stock on the Nasdaq on Sept. 23, joins other jewelry chains such as Mejuri, Studs and Kendra Scott that market their businesses toward younger consumers online. Some are more focused on everyday pieces rather than fine jewelry.
David Yurman, a privately held jewelry chain known for its signature cable bracelet and more high-end pieces, said it&rsquo s also luring millennial shoppers thanks to its amplified digital marketing efforts in recent months.
&ldquo The brand feels very relevant right now,&rdquo said Lee Tucker, head of merchandising and marketing at David Yurman. &ldquo We&rsquo re seeing in our data an influx of new clients to the David Yurman brands, many of which joined us during the pandemic through our e-commerce channels.&rdquo
Hostovsky said he ended up buying his fiancee&rsquo s engagement ring online only because he was bombarded by so many brands&rsquo ads following his initial internet inquiries about diamonds. He&rsquo s already begun shopping around online for another piece of jewelry to give her over the holidays.
&ldquo A few of [my fiancee&rsquo s] friends who are now thinking of proposing have reached out to me and been like, &lsquo Where did you get that? What was your process?&rsquo &rdquo he said. &ldquo I had a really good experience.&rdquo
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WBdisciple
Elite |
23-Nov-2021 12:31
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I have so far written 2 TUB Snippets. I have sold Tapestry Inc for a 20% profit. I have also sold FSL with a 10% profit once the dividend comes in. I am still holding on to the rest of the companies. For this article, I just like to talk a bit more on Metech International Limited by attempting to predict the possible revenue in 2022 for its new business in lab-grown diamond. After all, the company has already established numerous relationship around the globe and will have started producing the diamonds as of end Dec 21. The Revenue Formula is: Number of Diamond produced per machine X Number of Carat per Diamond X Success Rate X Number of Times the Machine Can Run in 1 Year (i.e 52 weeks) X Number of Machines Bought By The Company X Price per Diamond per Carat X USD/SGD Exchange Rate Based on the information above: Number of Diamond produced per machine - 100 Number of Carat per Diamond - Estimated 5 Carat (As a lower average) Success Rate - 60% (Taken the lowest in the range) Number of Times the Machine Can Run in 1 Year (i.e 52 weeks) - 6.5 times (if each cycle takes about 8 weeks) Number of Machines Bought By The Company - Max out at 30 machines Price per Diamond per Carat - A rough estimation is between US$400 to US$1000. Lets take US$600 as the base. USD/SGD Exchange Rate - 1.35 Revenue = 100 x 5 x 60% x 6.5 x 30 x US$600 x 1.35 = S$47,385,000. Current Market Cap (22 Nov 21) = S$41.02M PS Ratio - 0.86 Since there seem to be no direct competitor on the SGX, I decided to take the medium PS ratio of over 640 companies (using SGX Screener). The Medium PS ratio is 1.266. Do note that I did not take any direct competitor overseas because I believe investors in different platforms analyze companies differently. In addition, I believe target price is subjective and it should be the highest share price that you are willingly to sell the whole position. Based on a PS Ratio of 1.266 and a Revenue of S$47.385m = Market Cap of S$59.989m - Which is a 46% upside! However, do note that I am already on a slight gain from my purchase price and will probably sell if there is another 10% to 15% upside. Please note that the above is just my opinion only. Please do your own due diligence. |
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WBdisciple
Elite |
23-Nov-2021 12:30
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Got it from this website: https://www.tubinvesting.com/2021/11/tub-snippets-3-metech-international.html
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sklong138
Elite |
23-Nov-2021 09:31
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You have post this medtecs in the wrong forum & don't confuse retailers. . This forum is for metech dealing with diamond
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Joelton
Supreme |
23-Nov-2021 09:28
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Medtecs 9M net profit down 77% to US$19.3m ventures into disposable nitrile gloves
CATALIST-LISTED protective gear manufacturer Medtecs International Corp $ Metech Intl: V3M -1.69% reported a 77 per cent slide in net profit for the 9 months ended September 2021 to US$19.26 million, as demand for personal protective equipment fell.
Stock-piling exercises for existing customers in 2020 have completed, while the supply and prices of the personal protective equipment (PPE) market have stabilised globally, the group said in a business update filed with the Singapore Exchange on Monday (Nov 22).
In a separate update on its joint venture with US healthcare market player ACO International, Medtecs said its wholly-owned subsidiary Medtecs (Asia Pacific) and ACO are in discussions to enter into a share subscription agreement. Following an initial capital injection, the joint venture company Resilient Medical will have an initial issued and paid-up capital of US$9 million comprising 6 million ordinary shares held by Medtecs (Asia Pacific) and 3 million ordinary shares held by ACO.
Subject to the fulfilment of certain conditions, ACO will also have the right to subscribe for up to 1 million additional ordinary shares, which will top up Resilient Medical' s potential injection of capital to US$10 million. These rights will be conferred to Medtecs (Asia Pacific), if ACO does not exercise them.
Resilient Medical has also entered into a lease agreement to set up a glove manufacturing facility in Cambodia. The demand for disposable nitrile gloves has outpaced supply since the start of the Covid-19 pandemic, Medtecs noted.
Construction of the facility had started in July, at a site to develop the facility on a plot of about 7.5 ha in Cambodia' s Svay Rieng province. The site is also located within the Manhattan Special Economic Zone (MSEZ).
The new facility will house 2 production lines, with a production capacity of approximately 50 million pieces of gloves per month. It is expected to be completed in the first quarter of 2022.
" Setting up the proposed business in the MSEZ provides key advantages as the MSEZ provides utilities, well-developed infrastructure and on-site, one-stop services by various government agencies for import/export permits and customs clearance," Medtecs said.
Medtecs' board believes this new business can help the group capitalise on strong global demand for gloves and add new revenue streams. It also noted that the group has been investing and operating in Cambodia for over 2 decades via 2 existing manufacturing facilities.
Medtecs also said it aims to increase business-to-consumer sales through major chain stores, pharmacies and supermarkets, and is continuing to grow its retail business through the use of global e-commerce platforms.
The group said in its financial update that it expects to remain profitable for the fourth quarter ending Dec 31, 2021 and for FY2021 as a whole, but that it expects sales and profitability for the second half of the financial year to be lower than the first half.
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For_The_Next_Leg
Master |
22-Nov-2021 14:06
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$MetechIntl(V3M.SI) If you want to know more about lab-grown diamond, we should read and understand the cost/price of it.
https://www.withclarity.com/education/diamond-education/diamond-carat/lab-diamond-carat-and-cost
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tedlim
Veteran |
22-Nov-2021 10:04
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New survey reveals 60 per cent of UK men choose " lab-grown" diamonds for memorable marriage proposals
Survey reveals couples are turning away from natural diamonds in favour of larger lab-grown diamond rings for better value. The survey, conducted by Mayfair based Rê ve Diamonds, revealed that 60 per cent of UK men would propose with a lab-grown diamond
London UK, Monday 1 November 2021 - A brand new survey has revealed a surprising shift in opinion as couples look for larger stones and better value by choosing lab-grown diamonds over small and more expensive natural alternatives. The survey conducted by Mayfair-based Rê ve Diamonds revealed that 60 per cent of UK men would propose to their loved one with a lab-grown diamond, with 50 per cent of women surveyed also stating they would be happier with a larger lab-grown diamonds over a smaller natural stone which would cost more. Of those participating, 30 per cent of men also agreed that they would opt for a lab diamond in order to bring down the overall expense of a proposal.
The results published this week prompt a question around the age-old tradition of proposals - is the age of romance really dead? Well, not according to Tal Cohen, managing director of Reve Diamonds. Mr Cohen commented: " Our survey revealed that whilst men are perhaps being more cautious when making a marriage proposal by not immediately investing in a traditional natural diamond engagement ring and instead using a lab-grown diamond, they are still spending an average of £ 3,000 on an engagement ring."
Mr Cohen continued: " In fact, 50 per cent of respondents told us that they had spent between £ 2000 and £ 10,000 on a diamond engagement ring and the average carat size in the UK for engagement rings is now 1.5ct-2ct. A lab-grown 2ct diamond would cost you the same as a 0.7ct natural diamond."
The survey also revealed white diamonds are still the favourite choice of stone for engagement rings, with 80 per cent purchasing a ring featuring white diamonds and only 20 per cent opting for coloured diamonds - which ranged from yellow to the surprising choice of black diamonds.
The choice of cut remains very traditional, with 50 per cent of respondents preferring round cut diamonds, 20 per cent opting for oval cut and 15 per cent selecting cushion cut. A small number selected more unusual cut diamonds. Platinum settings remain the favourite as the choice of 60 per cent of participants, with solitaire diamonds very much still in vogue: 40 per cent of those taking part in the survey choose a plain solitaire diamond engagement ring with 30 per cent opting for a diamond set ring and 20 per cent choosing a halo diamond ring.
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