{"id":3558,"date":"2019-01-14T16:07:04","date_gmt":"2019-01-14T16:07:04","guid":{"rendered":"http:\/\/financeintellect.com\/home-page\/home\/?p=3558"},"modified":"2019-01-14T16:07:04","modified_gmt":"2019-01-14T16:07:04","slug":"belgian-regional-authority-to-invest-2-3-million-in-a-production-facility-for-industrial-synthetics","status":"publish","type":"post","link":"https:\/\/financeintellect.com\/home-page\/home\/belgian-regional-authority-to-invest-2-3-million-in-a-production-facility-for-industrial-synthetics\/","title":{"rendered":"Belgian regional authority to invest 2.3 million in a production facility for industrial synthetics"},"content":{"rendered":"<p><strong>Diamond News:<\/strong><br \/>\ni. A Belgian regional authority has announced to invest 2.3 million in a production facility for\u00a0industrial synthetics. The investment of the government of Flanders will help India-based\u00a0Heyaru Engineering launch the lab-grown-diamond factory which is first of its kind in Europe, in the city of Lommel. Heyaru will invest about 27.5 million in the project.<\/p>\n<p>ii. According to De Beers, Forevermark jewelry sales by 8% y-o-y in 2018.\u00a0iii. Lucara Diamond Corp. has recovered a 127-carat rough diamond from its Karowe mine in\u00a0Botswana.<\/p>\n<p><strong>Weekly Market Summary:<\/strong><\/p>\n<p>Sentiment improved after relatively good holiday season, but dealers and cutters concerned\u00a0about low profit margins, excess supply, and selective demand. Indian bank credit tightening,\u00a0with ICICI to close Antwerp branch. Stock markets rebound, with Dow index +2% since Jan. 1,\u00a0amid optimism for US-China trade deal. Suppliers focused on Chinese New Year orders, with\u00a0steady demand for lower-color and -clarity goods (G-J, VS-SI). Lab-grown producers gaining\u00a0investor interest. Diamond Foundry to raise annual synthetic-rough production tenfold to 1M<br \/>\ncts. Tiffany &amp; Co. declares geographical provenance of diamonds over 0.18 ct. De Beers\u00a0approves changes to its disclosure rules.<\/p>\n<p><strong>Fancies:<\/strong> Fancy-shape market stable, driven by US and European demand for fashion jewelry.\u00a0Ovals are best sellers, followed by Emeralds, Cushions and Pears. Supply shortage supporting\u00a0prices for Pears. Radiants improving. Marquises and Princesses weak. Oversizes selling well.\u00a0Steady demand for fine-quality 6 to 10 ct. Ovals, Pears and Emeralds, with prices firming for 3 to 5 ct. due to shortages. Chinese consumers seeking fancy shapes at better prices. US supporting market for commercial-quality, medium-priced fancies under 1 ct. Off-make, poorly cut fancies illiquid and hard to sell, even at very deep discounts.<\/p>\n<p><strong>United States:<\/strong> Dealers slowly returning from New Year vacation; stronger trading expected from next week. Mixed feedback about holiday selling season. Good demand and short supply of excellent-cut VS2-SI1 diamonds. Jewelers note busy January, with a lot of repair work and giftcard purchases. Steady sales of engagement rings ahead of Valentine\u2019s Day.<\/p>\n<p><strong>Belgium:<\/strong> Sentiment positive as dealers return from Christmas break.More confidence in\u00a0European luxury market than Indian dealer trading. Steady interest in 1 to 2 ct., G-J, VS-SI\u00a0diamonds. Dossiers weaker. Deep concern about credit scarcity and banks\u2019 caution regarding\u00a0the diamond industry. Rough sector quiet.<\/p>\n<p><strong>Israel:<\/strong> Companies uncertain about prospects for year ahead. Optimism for US demand, caution about China. Subdued local trading amid unease about new tax laws, with some companies considering relocating. Dealers bargain-hunting rather than focusing on niche specialties. Polished inventory levels stable compared to last year.<\/p>\n<p><strong>Hong Kong:<\/strong> Polished trading steady as jewelers prepare for Chinese New Year sales. Retailers\u00a0reducing in-store inventory of larger certified goods, preferring to contact suppliers as orders\u00a0come in. Solid market for 0.30 to 0.50 ct., G-J, VS1-SI2 diamonds. Good engagement-ring demand for 1 ct., F-J, SI diamonds with no fluorescence. Dealers shifting to lower colors and\u00a0clarities to meet price points.<\/p>\n<p style=\"text-align: right\"><em>(Source: Rapaport News)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Diamond News: i. A Belgian regional authority has announced to invest 2.3 million in a production facility for\u00a0industrial synthetics. The investment of the government of Flanders will help India-based\u00a0Heyaru Engineering launch the lab-grown-diamond factory which is first of its kind in Europe, in the city of Lommel. Heyaru will invest about 27.5 million in the [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":3560,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5],"tags":[3005,3007],"class_list":["post-3558","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","tag-diamond-news","tag-weekly-market-summary"],"aioseo_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Belgian regional authority to invest 2.3 million in a production facility for industrial synthetics - Finance Intellect<\/title>\n<meta name=\"description\" content=\"A Belgian regional authority has announced to invest 2.3 million in a production facility for\u00a0industrial synthetics. The investment of the government of Flanders will help India-based\u00a0Heyaru Engineering launch the lab-grown-diamond factory which is first of its kind in Europe, in the city of Lommel. Heyaru will invest about 27.5 million in the project.ii.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/financeintellect.com\/home-page\/home\/belgian-regional-authority-to-invest-2-3-million-in-a-production-facility-for-industrial-synthetics\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Belgian regional authority to invest 2.3 million in a production facility for industrial synthetics - Finance Intellect\" \/>\n<meta property=\"og:description\" content=\"A Belgian regional authority has announced to invest 2.3 million in a production facility for\u00a0industrial synthetics. The investment of the government of Flanders will help India-based\u00a0Heyaru Engineering launch the lab-grown-diamond factory which is first of its kind in Europe, in the city of Lommel. Heyaru will invest about 27.5 million in the project.ii.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/financeintellect.com\/home-page\/home\/belgian-regional-authority-to-invest-2-3-million-in-a-production-facility-for-industrial-synthetics\/\" \/>\n<meta property=\"og:site_name\" content=\"Finance Intellect\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-14T16:07:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/financeintellect.com\/wp-content\/uploads\/2019\/01\/Belgian-regional-authority-to-invest-2.3-million-in-a-production-facility-for-industrial-synthetics.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"FI Online\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Fin_Intellect\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"FI Online\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/belgian-regional-authority-to-invest-2-3-million-in-a-production-facility-for-industrial-synthetics\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/belgian-regional-authority-to-invest-2-3-million-in-a-production-facility-for-industrial-synthetics\/\"},\"author\":{\"name\":\"FI Online\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/a90045187089bff33d502ca60561a130\"},\"headline\":\"Belgian regional authority to invest 2.3 million in a production facility for industrial synthetics\",\"datePublished\":\"2019-01-14T16:07:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/belgian-regional-authority-to-invest-2-3-million-in-a-production-facility-for-industrial-synthetics\/\"},\"wordCount\":489,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/belgian-regional-authority-to-invest-2-3-million-in-a-production-facility-for-industrial-synthetics\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/financeintellect.com\/wp-content\/uploads\/2019\/01\/Belgian-regional-authority-to-invest-2.3-million-in-a-production-facility-for-industrial-synthetics.jpg\",\"keywords\":[\"Diamond News\",\"Weekly Market Summary\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/financeintellect.com\/home-page\/home\/belgian-regional-authority-to-invest-2-3-million-in-a-production-facility-for-industrial-synthetics\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/belgian-regional-authority-to-invest-2-3-million-in-a-production-facility-for-industrial-synthetics\/\",\"url\":\"https:\/\/financeintellect.com\/home-page\/home\/belgian-regional-authority-to-invest-2-3-million-in-a-production-facility-for-industrial-synthetics\/\",\"name\":\"Belgian regional authority to invest 2.3 million in a production facility for industrial synthetics - Finance Intellect\",\"isPartOf\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/belgian-regional-authority-to-invest-2-3-million-in-a-production-facility-for-industrial-synthetics\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/belgian-regional-authority-to-invest-2-3-million-in-a-production-facility-for-industrial-synthetics\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/financeintellect.com\/wp-content\/uploads\/2019\/01\/Belgian-regional-authority-to-invest-2.3-million-in-a-production-facility-for-industrial-synthetics.jpg\",\"datePublished\":\"2019-01-14T16:07:04+00:00\",\"author\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/a90045187089bff33d502ca60561a130\"},\"description\":\"A Belgian regional authority has announced to invest 2.3 million in a production facility for\u00a0industrial synthetics. 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