Adamas One Corp Announces Initial Delivery Of Lab-Grown Colorless Diamonds
Portfolio Pulse from Benzinga Newsdesk
Adamas One Corp. (Nasdaq: JEWL) has announced the initial delivery of high-quality, single-crystal, lab-grown colorless diamonds. The company's R&D efforts have led to the creation of D, E, and F diamonds, which are considered colorless. CEO Jay Grdina believes their proprietary machinery and processes give them a competitive advantage in the jewelry, tech, and industrial sectors. The company plans to expand production as lab-grown diamonds now represent over 50% of diamond sales in the US.
November 02, 2023 | 1:14 pm
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Adamas One Corp's announcement of the initial delivery of lab-grown colorless diamonds and plans to expand production could positively impact its stock price.
The announcement of the initial delivery of lab-grown colorless diamonds, which are considered high-quality, and the company's plans to expand production due to increasing market acceptance, could lead to increased revenues and profitability for Adamas One Corp. This could positively impact the company's stock price.
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