Adamas One Corp Announces Initial Delivery of Lab-Grown Colorless Diamonds
03 November 2023 - 12:00AM
Adamas One Corp. (Nasdaq: JEWL) (“Adamas One,” “Adamas” or the
“Company”), The Original Lab-Grown Diamond Company™, a high-tech
company that leverages proprietary technology to produce
high-quality, single-crystal, Lab-Grown Diamonds for jewelry and
diamond materials for industrial uses, announces the initial
delivery of colorless diamonds.
Adamas One’s extensive internal R&D efforts
lead to the successful creation of D, E and F diamonds, which are
considered to be colorless as determined by gem grading labs such
as GIA, IGI, and EGL.
“This successful delivery of high-quality
lab-grown colorless diamonds is due to our consistent drive to
advance our diamond product offerings. There are only a handful of
commercial lab-grown diamond manufacturers that have achieved this
color standard, and we believe our proprietary machinery and
processes provide us with a competitive advantage to output some of
the finest lab-grown diamonds, not only in the jewelry industry,
but also in the tech and industrial sectors,” commented Jay Grdina,
Adamas One Corp CEO. “Colorless diamonds in the D,E, and F color
range have been the goal for our lab-grown diamonds and we are
delighted to announce that we are delivering to that benchmark, and
are fulfilling the promise of the highest quality diamonds
available.
“Strategically, as we have outlined in previous
announcements, we intend to more fully vertically integrate and
expand our production, as the market for lab-grown Diamonds is
getting exciting with high levels of awareness and acceptance in
the U.S. bridal category, as well as other jewelry categories.
Current industry reports are showing lab-grown diamonds now
represent more than 50% of diamond sales in the US,” concluded Mr.
Grdina.
About Adamas One Corp.
Adamas is a lab-grown diamond manufacturer that
produces near flawless single-crystal diamonds for gemstone and
industrial applications, in its facilities in Greenville, South
Carolina. The Company holds 36 patents and uses its proprietary
chemical vapor deposition (CVD) to grow gem-sized and smaller
diamond crystals. Adamas One™ lab-grown diamonds have the same
physical, chemical and optical properties as mined diamonds. The
Company’s controlled manufacturing processes enables it to produce
very high-quality, high-purity, single-crystal colorless, near
colorless and fancy colored Type IIA diamonds to suit a variety of
industrial and gemstone applications. The Company intends to market
and sell its diamonds into the wholesale jewelry and industrial
markets. For more information, visit www.adamasone.com.
Not Mined. Not Fake. Just sped up
perfection. ™
Forward-Looking StatementsThis
press release may include “forward-looking statements” within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
To the extent that the information presented in this press release
discusses financial projections, information, or expectations about
our business plans, results of operations, products or markets, or
otherwise makes statements about future events, such statements are
forward-looking. Such forward-looking statements can be identified
by the use of words such as “should”, “may,” “intends,”
“anticipates,” “believes,” “estimates,” “projects,” “forecasts,”
“expects,” “plans,” and “proposes.” Although we believe that the
expectations reflected in these forward-looking statements are
based on reasonable assumptions, there are a number of risks and
uncertainties that could cause actual results to differ materially
from such forward-looking statements. You are urged to carefully
review and consider any cautionary statements and other
disclosures, including the statements made under the heading “Risk
Factors” and elsewhere in documents that we file from time to time
with the Securities and Exchange Commission. Forward-looking
statements speak only as of the date of the document in which they
are contained, and Adamas One Corp. does not undertake any duty to
update any forward-looking statements except as may be required by
law. References and links to websites have been provided as a
convenience, and the information contained on such websites is not
incorporated by reference into this press release.
For more information contact:
Investor RelationsCORE IRScott Arnold, Managing
Partner516 222 2560ir@adamasone.com
Media RelationsCORE IRJules Abraham917 885
7378
Source: Adamas One Corp
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