Adamas One is a high-tech diamond company that utilizes its proprietary technology to produce high-quality, single-crystal diamonds and diamond materials through a CVD process known as Diamond Technology. The resulting lab-grown diamonds possess the best-mined diamonds’ exact physical, chemical, and optical properties. In addition, unlike simulant diamonds such as cubic zirconia or moissanite, lab-grown diamonds are composed of pure carbon lattice, similar to mined diamonds.
The technology used by the company can trace its roots back to Dr. Robert Linares, who formed Linares Management Associations in 1990, which later became Apollo Diamond in 2006, but was unable to commercialize its CVD technology. In 2011 and 2012, the assets of Apollo Diamond were acquired by Krossbow Holdings Corporation, which changed its name to Scio Diamond Technology Corporation, and in 2019 Adamas One purchased all assets from Scio, which primarily consisted of proprietary diamond growing machines, patents, and all intellectual property related to the technology. The company aims to make its diamonds available for various applications in industry, technology and consumer markets sustainably and profitably.
One significant benefit of lab-grown diamonds is the ability to produce them in a controlled and predictable environment, resulting in consistently high-quality diamonds at a lower cost than mining. This makes diamonds more accessible to a broader range of consumers and industries. Moreover, lab-grown diamonds are more environmentally friendly than mined diamonds, as they do not require excavation or heavy machinery.
While lab-grown diamonds and diamond materials offer a promising alternative to mined diamonds, the industry faces competition from established producers and sellers of mined diamonds, such as De Beers, as well as other current and potential manufacturers of lab-grown diamonds. Despite this, lab-grown diamonds are generally less expensive than mined diamonds at wholesale and retail levels. Additionally, lab-grown diamonds are perceived by many as a more environmentally friendly and socially ethical option compared to mined diamonds. This is because lab-grown diamonds are made in a laboratory setting and do not require excavating large amounts of the earth, which can damage the ecosystem. Furthermore, lab-grown diamonds are done safely, resulting in conflict-free diamonds and avoiding the “blood diamond” issues associated with mined diamonds. Additionally, it is reported that lab-grown diamonds are becoming increasingly popular in the jewelry industry as consumers become more aware of the ethical and environmental issues surrounding mined diamonds. Adamas One offers a sustainable and affordable alternative.
Scio Diamond, the predecessor of Adamas One, invested significant resources in further developing CVD technology, which could produce high-quality, single-crystal lab-grown diamonds in various types and colors. These diamonds included Type IIa diamonds used in fine jewelry and diamond materials sliced and shaped for industrial applications. Scio was a publicly listed company on the OTC Bulletin Board; however, it ran out of capital and ultimately failed to commercialize the CVD technology.
Since acquiring the assets of Scio over two years ago, Adamas One has focused its efforts on research and development of improvements to the fundamental CVD process. Like most high-tech manufacturers, the company operates under the philosophy of continuous improvement. As a result, efforts have been focused on the commercialization of the diamonds and diamond materials produced, advances in white diamond production, improvements in diamond seed processes, automation of machine operations, expansion of capacity with existing machines, and advancements in laser cutting procedures. These efforts aim to provide the highest quality diamonds and diamond materials in a consistent and high-yield manner.
Adamas One has available commercial products but only sells minimal diamonds or diamond materials to consumers or retail buyers. The company’s current operations are dedicated to researching and developing its Diamond Technology and exploring potential markets for future growth. While the timing of entry into any market is uncertain, the company intends to produce high-quality finished and raw diamond materials on a large scale and pursue related commercial opportunities.
The industrial diamond materials market already generates billions of dollars annually but primarily consists of small and lower-quality diamonds used in cutting and polishing devices. By introducing higher-quality, single-crystal diamond materials, Adamas One anticipates substantial growth in the industrial diamond market. These materials can be used in precision milling tools for hard materials like high-tech alloys, improve the surface quality and reduce the number of manufacturing passes.
Diamonds possess unique hardness, clarity, and thermal characteristics suitable for use in advanced electronics and optics applications. However, progress in these areas could be faster due to the scarcity and low uniformity of mined diamonds and their high cost. Adamas One’s patented technology and production approach allow for producing high-quality diamond materials at a lower price, making them suitable for a broader range of applications.
The increasing demand for computing and communication products is pushing the limits of conventional silicon-based devices, and the physical properties of diamonds provide the opportunity for significant improvement in high-speed and high-power electronic devices. In addition, Diamond’s properties of excellent thermal, lattice mobility, and band gap energy can facilitate the development of next-generation devices in areas such as wireless networking, optical storage, and high-speed computing.
Adamas One’s Diamond Technology and production approach have the potential to be monetized in various technological applications. The company plans to pursue these opportunities in partnership with strategic partners.
The company is dedicated to providing high-quality, sustainable, and cost-effective diamonds that have the same properties as mined diamonds and can meet the needs of diverse applications to industries and consumers.
