3/17/2015 4:16:27 PM
|written By : Team India Se|
Very often the sparkle of a diamond blinds us to the terrible misery that goes into mining them. But harbour no guilt as Singapore-based IIa Technologies, the world leader in Grown Diamond technology, has just launched of the world’s largest diamond greenhouse to produce this precious gem.
And to mark this occasion, it has also launched a new ‘Cultured in Singapore’ brand that will identify the origin of IIa diamonds and mark these as cultured in the Republic.
Inaugurating the facility, Tharman Shanmugaratnam, Singapore Deputy Prime Minister and Minister of Finance, said, the Governemt would “continue encouraging industry-wide adoption of advanced technologies in manufacturing.” Its 200,000 square foot, state-of-art, commercially-viable facility will process colourless, high quality, Type IIa diamonds. The company has already cultured a 3 carat diamond and hopes that it will only grow bigger.
Speaking at the opening, Vishal Mehta, CEO, IIa Technologies said, “IIa Grown Diamonds are the first-ever sustainable, conflict-free, origin-guaranteed, high quality diamonds that were conceptualised and cultured in Singapore. Creating a diamond resource within Singapore truly showcases what the country stands for – progressive technology, innovation and business resilience.”
Though the supply of mined diamond has been declining continuously over the last decade, the demand for them has only been growing. Industry reports suggest that over the next 30 years, grown diamonds will become a dominant player in high technology applications and very significant diamond source for the luxury world.
Currently New York-based Pure Grown Diamonds is the world’s largest retailer-distributor of IIa Grown Diamonds and part of IIa Holdings Group. Lisa Bissell, CEO, Pure Grown Diamonds, said, “IIa Grown Diamonds come at a time where consumers are looking for more options. In addition to being conflict-free, these diamonds come at a cost that is 30-40 per cent less. The diamonds are identical to their mined counterparts with the only difference being their point of origin.”