Boreal Diamonds expects to expand the scope of the investment project related to the organization of production for the synthesis of single crystals of diamond and the manufacture of single crystal diamond products, dvinanews.ru writes.
As part of the implementation of the investment project, a high-tech production facility will be created in Arkhangelsk for the cultivation of single crystals of diamond and the manufacture of diamond products, which are widely in demand both by promising technological areas and the jewelry market, including such products as quantum sensors, ultra-pure diamonds, diamond tools, and polished diamonds. The opening of production is scheduled for 2024.
In addition, the company is considering the possibility of expanding the concept of the project and creating an industrial technopark on its own site. He will be able to unite producers of products made of synthetic or natural diamonds.
In order to create the infrastructure of the industrial diamond technopark and purchase equipment for collective use, the company expects to receive state support measures. Taking into account current prices for equipment, about 300 million rubles may be required for these purposes.
Alex Shishlo for Rough&Polished
Exclusive
Yoram Dvash: Industry unity, producer leadership and marketing investment key to natural diamond's future
The natural diamond industry is navigating a period of significant transition, but there are increasing signs that the foundations for a stronger and more positive future are being built, according to the World Federation of Diamond Bourses (WFDB)...
29 june 2026
AWDC: First fully traceable artisanal diamonds from DRC sold on the international market in Antwerp
In a historic milestone for the diamond industry, fully traceable, artisanal diamonds from the Democratic Republic of Congo have been sold on the international market for the very first time in Antwerp. Below, Ine Tassignon, AWDC spokesperson, provides...
22 june 2026
Natural diamonds most desired luxury jewellery, Gen Z spending double baby boomers, reveals De Beers report
Natural diamonds remain the most desired jewellery item among US consumers, with Millennials and Gen Z driving demand value and spending, according to De Beers Group’s The Diamond Report, which draws on the biannual Diamond Acquisition Study of 18,500...
15 june 2026
Edahn Golan: India’s lab-grown diamond exports surpass natural diamonds by volume, yet value gap widens
India’s diamond industry has reached a historic turning point. In March and April 2026, the volume of lab‑grown diamond exports overtook that of natural diamonds, with lab‑grown stones accounting for 51% and 50.4% of total export volume respectively...
01 june 2026
Dr M’zée Fula-Ngenge: Kimberley Process failing Africa
The Kimberley Process (KP) is failing Africa, and the world's definition of a “conflict diamond” is a moral and legal absurdity, according to the African Diamond Council (ADC) chairperson M’zée Fula-Ngenge. The following exclusive...
18 may 2026
