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Invest tens of billions! Henan to Build Multiple Industries Diamond and Cultivation Diamond Production Project

  • Friday, 24 June 2022
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Recently, Henan Province issued the "2022 Improving Weak links" 982 "project implementation plan" (hereinafter referred to as the "plan"), to invest more than 2 trillion CNY to promote the construction of 8000 major projects. In the field of high-quality development of manufacturing industry, the program requires to vigorously consolidate the advantages of artificial diamond production in the province.

The Henan Provincial Government has a total of 6 pure cultivation diamond production projects with a total investment of about 6.92 billion CNY. This year, it plans to complete an investment of 2.23 billion CNY, and the main project investment is more than 1 billion CNY. The Henan provincial government has a total of 13 industrial diamond production projects, and the investment amount of a single project is generally below 1 billion CNY. After all projects reach production, the total industrial diamond production capacity is expected to exceed 5 billion carats/year. (Source: Abrasives and Abrasive Tools)

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