Adamas One Completes Designs of its Elle Jolie Luxury Jewelry Line Ahead of Anticipated September Launch
06 June 2023 - 10:45PM
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 and technology uses, today
announces the completion of its initial designs for the Company’s
Elle Jolie high-end luxury jewelry line. This USA-made inaugural
line is expected to launch in September and will be initially
marketed through Adamas’ www.ElleJolie.com ecommerce website.
Adamas One CEO Jay Grdina stated, “We have been
diligently preparing to launch our Elle Jolie line of luxury
Lab-Grown Diamond jewelry, which we strongly believe will be able
to compete in a market dominated by high-end retailers using mined
stones. Our designs were created by many of the same visionaries
that provided some of these houses with their pieces. The quality
of the Elle Jolie brand of jewelry is the total embodiment of
luxury and is created in a more sustainable and accessible manner.
We expect these key differentiators to make the line more
attractive to all consumers. Our goal is to bring luxury to the lab
grown diamond sector. As we see the U.S. market growing at a very
rapid pace, we want to make sure as a U.S. based manufacturer that
we are in the forefront of bringing quality goods to the market.
The introduction of our Elle Jolie jewelry line is an exciting
milestone for us, and we look forward to consumers clearly seeing
that we are now in a new era for diamond jewelry.”
The Company is poised to enter the $84B retail
diamond jewelry market, ideally competing effectively against both
mined and Lab-Grown diamonds. Unit sales of Lab-Grown Diamonds in
jewelry increased almost 58%, according to trend analytics company
Tenoris’ April 2023 Market Comments.
About Adamas One CorpAdamas 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.” 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, including, but not limited
to, our ability to integrate the AI solutions as expected, or at
all, and the success of our business partners. 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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