The CVD lab-grown diamond and diamond functional material project invested and constructed by Worldia Nice Nova Diamond Technology (Jiaxing) Co., Ltd. with a total investment of 330 million yuan. The project follows the mature CVD process technology of the parent company and introduces high-end CVD production equipment. The company plans to invest in three phases and complete the construction of all projects in December 2024. After it is fully completed and put into production, the annual output could reach 200,000 carats. At present, the company plans to complete the first phase of production before the end of 2022, and the first phase plans to put 100 sets of CVD microwave equipment into production, which are specially used for the production of CVD cultivated diamonds and diamond functional materials.