Adamas One Corp. Receives Prestigious Award for Best Lab-Grown Manufacturer for 2023

SCOTTSDALE, Ariz., March 07, 2024 (GLOBE NEWSWIRE) -- Adamas One Corp. (NASDAQ: JEWL), a leading innovator in lab-grown diamond technology, is proud to announce that it has been honored with the esteemed title of "Best Lab-Grown Manufacturer for 2023" by Manufacturing Technology Insights Magazine. This recognition highlights Adamas One Corp.'s relentless commitment to pioneering advancements in lab-grown diamonds, both within the jewelry industry and the technology sector.

Manufacturing Technology Insights Magazine recognized Adamas One Corp. for its groundbreaking contributions to lab-grown diamond manufacturing, emphasizing the company's focus on quality, sustainability, and social responsibility. As the lab-grown diamond industry continues to experience rapid growth, Adamas One Corp. remains at the forefront, setting new standards for excellence and innovation.

Jay Grdina, CEO of Adamas One Corp., expressed his gratitude for the award, stating, "Receiving the award for Best Lab-Grown Manufacturer is a tremendous honor for Adamas One Corp. This recognition is a testament to our unwavering dedication to advancing lab-grown diamonds, not only in the jewelry industry but also in semiconductor applications within the technology sector. Our commitment to quality, sustainability, and social responsibility drives everything we do, and we are proud to be leading the way in this transformative industry."

Adamas One Corp.'s lab-grown diamonds are renowned for their exceptional quality, ethical sourcing, and environmental sustainability, making them a preferred choice for consumers who prioritize social and environmental considerations. In the jewelry industry, Adamas One Corp. is revolutionizing the way diamonds are produced, offering a sustainable alternative to traditional mined diamonds without compromising on brilliance or beauty.

In the technology sector, Adamas One Corp.'s lab-grown diamonds are making significant strides in semiconductor applications, offering high-performance solutions for a wide range of technological innovations. With their superior properties and customizable characteristics, lab-grown diamonds are poised to revolutionize various industries, driving innovation, and fueling growth.

According to industry analysts, the lab-grown diamond market is experiencing a surge in growth, with projections indicating a compound annual growth rate (CAGR) of 9.6% over the next six years, and with estimated revenues expected to reach $45 Billion by 2030. (Persistence Market Research, January 25, 2024). Adamas One Corp. is well-positioned to capitalize on this growth trajectory, leveraging its expertise and technology leadership to drive continued innovation and market expansion.