In September, Metech had announced the establishment of AET, its joint venture company with X Diamond Capital, to carry out the business of manufacturing and distribution of lab-grown diamonds. Under the joint venture, Metech shall operate and manage AET while X Diamond Capital shall provide technical support.
Metech International’s joint venture company Asian Eco Technology (AET) has entered into a memorandum of understanding to supply India-based Lucinu Jewellery Co with its lab-grown diamonds.
According to Metech, Lucinu Jewellery was founded in 2014 and specialises in the cutting and polishing of diamonds as well as the distribution of polished diamonds. Lucinu Jewellery has the capacity to process 50,000 to 60,000 carats of precious gemstones and it has established offices in Surat, Mumbai, Hong Kong, Shenzhen, Thailand and Europe.
