WD Lab Grown Diamonds explained

WD Lab Grown Diamonds is a market leader in Chemical Vapor Deposition (CVD) diamonds, headquartered in the Washington, D.C. area. Founded in 2008, WD produces lab-grown diamonds for distribution under the brands, in addition to creating diamonds for high-tech Advanced Materials applications. The company relaunched as WD Advanced Materials, LLC in 2023.

In 2020, WD Lab Grown Diamonds was certified Climate Neutral and achieved the highest-level of third-party Sustainability Rating through SCS Global Services, Inc.[1]

Diamond production

WD Lab Grown Diamonds employs a proprietary and patented chemical vapor deposition (CVD) process to create laboratory-grown diamonds. WD is the exclusive licensee of a portfolio of patents covering single crystal CVD diamond growth technology, originally developed by the Geophysical Laboratory of the Carnegie Institution for Science.

WD Lab Grown Diamonds announced its first commercially available diamonds on September 18, 2012.[2] The company has gradually been producing larger and better quality diamonds. WD Lab Grown Diamonds first 5 carat round brilliant diamond was graded by International Gemological Institute (IGI) on June 1, 2016.[3] On May 22, 2018, WD Lab Grown Diamonds announced that they had produced at 9.04 carat gem-quality diamond (graded as I color VS2 clarity IDEAL cut), shattering their previous record of 6 carats (January 2018) and setting a new record for the gem quality lab grown diamond industry. [4]

WD Lab Grown Diamonds is focused on the gemstone market, but also services the technology sector through their Advanced Materials division.[5] [6] WD Lab Grown Diamonds announced in February 2018 that one of its scientific quality 6mm diamond anvils set a record when it was able to withstand 600,000 atmospheres of pressure in a lab study at Oak Ridge National Library. [7]

History and personnel

WD Lab Grown Diamonds was founded in 2008 by Clive Hill, a successful jeweler from the United Kingdom.[8] In January 2019, leading middle-market private equity firm Huron Capital completed an equity investment in WD Lab Grown Diamonds. In September 2019, WD Lab Grown Diamonds appointed Sue Rechner as CEO as part of a planned leadership transition. WD is jointly owned by Huron Capital, WD Management, members of its board of directors and the Carnegie Institution for Science. On October 10, 2023, the company liquidated and filed for Chapter 7 bankruptcy liquidation.[9]

See also

External links

Notes and References

  1. https://www.scsglobalservices.com/services/certified-sustainability-rated-diamond SCS-007 Jewelry Sustainability Standard – Sustainability Rated Diamonds
  2. Web site: Washington Diamonds Announces World's First Commercially Available US Made Lab-Grown Diamonds. September 18, 2012. Washington Diamonds. Paulina Wozniak. December 23, 2012.
  3. Web site: IGI LABORATORY GROWN DIAMOND GRADING REPORT . IGI . June 1, 2016 . June 21, 2016.
  4. Web site: World Record: 9.04-Carat Diamond Grown in the USA by WD Lab Grown Diamonds. Diamonds. WD Lab Grown. www.prnewswire.com. en. 2018-06-19.
  5. Web site: Rob Bates. August 29, 2013. Lab-Grown Diamond Company "Making Progress". JCK Magazine. September 25, 2013.
  6. Web site: New Company Producing Colorless Synthetic Diamonds . Rob Bates. JCK Magazine. September 18, 2012 . October 24, 2012.
  7. Web site: Lab Grown Diamonds Enabling New Scientific Breakthroughs. Diamonds. WD Lab Grown. www.prnewswire.com. en. 2018-06-19.
  8. Web site: ABOUT US. Washington Diamonds. October 24, 2012.
  9. Web site: WD Lab Grown Diamonds files for Chapter 7 bankruptcy. October 12, 2023. October 16, 2023. Financial Times. en.

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