Adamas One (NASDAQ: JEWL ) just reported results for the first quarter of 2024. Adamas One reported earnings per share of -11 cents.
Adamas One Corp. (NASDAQ:JEWL) was recognized as the "Best Lab-Grown Manufacturer for 2023" by Manufacturing Technology Insights Magazine, the company said in a statement. Adamas said that Manufacturing Technology Insights Magazine honored them for advancements in lab-grown diamond manufacturing, emphasizing the company's commitment to quality, sustainability, and social responsibility.
Adamas One Corp. (NASDAQ:JEWL) has hailed its first year as a publicly traded company, adding that prospects for its Lab-grown diamonds in the semiconductor sector were high. In an update to shareholders, chief executive Jay Grdina said the company was eyeing another strong year after having grown its staff numbers and carried out factory upgrades following its listing on the Nasdaq in late 2022.
Adamas One Corp has announced the formation of its new wholly owned subsidiary, Adamas Technologies, which will be responsible for research & development, partnerships, and deployment of lab-grown diamond-based solutions for the technology industry. The lab-grown diamond manufacturer said lab-grown diamonds' thermal conductivity and durability make them ideal for use in semiconductor devices in the industrial and technology sectors, with properties that are expected to increase efficiency and speed of leading-edge circuitry.
Adamas One Corp has reported the initial delivery of colorless diamonds in the D, E, and F color range. The lab-grown diamond manufacturer said the successful creation of colorless diamonds is the result of its research and development (R&D) efforts to improve white diamond recipes.
Adamas One Corp has announced a non-binding letter of intent (LOI) to acquire a key lab-grown diamond manufacturer, Flawless Allure Grown Diamonds, LLP (FAGD). Adamas said the acquisition allows it to control all aspects of production of the company's lab-grown diamonds, as the cut and polish capabilities of this entity significantly adds value to its holdings.
Adamas One, which produces lab-grown diamonds for jewelry and industrial and technological uses, has made a key appointment to support its intention of increasing its presence in the semiconductor sector. The company has tapped Peter Cohen as its vice president of business development who will initially concentrate on the utilization of lab-grown diamonds in the production of semiconductors.
Adamas One Corp. (NASDAQ:JEWL) has completed initial designs for its Elle Jolie high-end luxury lab-grown jewelry line. The US-made line is expected to launch in September and will be available through Adamas' www.ElleJolie.com eCommerce website.
Adamas One Corp announced that it has acquired a 9.99% equity stake in NexGenAI Solutions Group, Inc, which offers artificial intelligence (AI)-driven solutions aimed at revolutionizing business operations across various sectors. The lab-grown diamond manufacturer said as part of the all-stock transaction, Adamas will receive access to NexGenAI's AI-driven solutions, which the company expects will help it streamline a number of its manufacturing, marketing, branding and communications processes.
Last year, President Joe Biden banned the import of Russian diamonds along with caviar and vodka in response to Kremlin's invasion of Ukraine. The tightened supply chain for diamonds has put a spotlight on lab-grown diamonds (LDG), which offer shoppers bigger stones for less money.