New York, New York - (NewMediaWire) - July 31, 2023 - When it comes to investing, the allure of glittering gemstones has captivated humankind for centuries. Recently, a transformative wave has been sweeping through the diamond industry, redefining the very essence of these coveted gems. Enter the world of lab-grown diamonds, a sector witnessing a rise in recent years and attracting investors with its potential and new innovations.

The Growing Lab-Grown Diamond Market

The global market for lab-grown diamonds was estimated to be worth US$22.45 billion in 2022. Forecasts predict strong growth, with the market value projected to rise to US$37.32 billion by 2028. This upward trend stems from a confluence of factors.

Fueling the industry's ascent is a combination of new technologies, rising consumer awareness, and a soaring appetite for sustainable and ethically sourced luxury goods. As traditional barriers fade away, lab-grown diamonds find their way into even more applications, ranging from brilliant jewelry pieces to cutting-edge biotechnology and quantum computing advancements.

A pivotal moment for the lab-grown diamond market occurred when the Federal Trade Commission (FTC) expanded its definition of diamonds in 2018, definitively recognizing lab-grown gems as equals to their naturally mined counterparts. This validation resonated with consumers and investors alike, further bolstering the sector's position as a potential investment avenue.

A CAGR of almost 9% over the anticipated period of 20232028 highlights the growth potential for lab-grown diamonds. Market participants keenly observe the rising tide of consumer awareness, governmental regulations against conflict diamonds, and the rapid evolution of diamond production technologies, all pointing towards an industry that stands on the precipice of a transformative journey.

Adams One Corp., The Innovative Lab-Grown Diamond Company

As the market for lab-grown diamonds continues to expand, it offers not only an opportunity for investors but also a gateway to sustainable, ethically sourced luxury in a world that prizes both beauty and conscience. Adamas One Corp. (NASDAQ: JEWL) emerges as a company worthy of attention in this high growth sector.

JEWL is a high-tech company that produces lab-grown diamonds using a proprietary, scalable process that is protected by 36 issued patents (28 of which are in the United States) to produce high-quality, single-crystal lab-grown diamonds for both industrial and jewelry applications.

The company's production capacity is set to achieve a $12 million sales run rate this year, with plans for further expansion. This scalability positions JEWL as a contender in the growing market, ready to meet the surging demand for lab-grown diamonds.

In addition to its scalability, Adamas One demonstrates a focus on profitability and delivering value to its shareholders. The company expects to achieve gross margins of 70%+ and EBITDA margins of 50%+ upon completing its expansion.

At the heart of Adamas One Corp. lies its proprietary Chemical Vapor Deposition (CVD) process, which produces lab-grown diamonds with optical, physical, and chemical properties indistinguishable from mined diamonds. The high-quality diamonds with minimal impurities cater to diverse applications, making Adamas One Corp. a frontrunner in the lab-grown diamond domain.

Acknowledging the hurdles that come with pioneering innovation, JEWL addresses challenges like improving turnaround time for cutting and polishing, expanding marketing efforts, and navigating competition in the growing diamond market. The focus of the company on large single-crystal diamonds gives it a potential competitive advantage over diamonds produced using high-pressure, high-temperature (HPHT) techniques.

Adamas One Corp.'s Financial Outlook

Digging deeper into JEWL, its financial performance and operational outlook hint at the potential for long-term growth and clear objectives. Fiscal year 2022 saw the company achieve sales of $1.78 million in lab-grown diamonds, while its successful IPO in December 2022 provided $12.67 million in gross proceeds.

JEWL implemented a strategic $7.5 million share buyback program in late February 2023.

Operating at full production capacity since March 2023 and showcasing a gross margin of 81.4% in Q1, the company projects a revenue run rate of $12 million.

Neon Flux

Additionally, In June 2023, Adamas One Corp. took a stride towards enhancing its market presence by entering into a LOI with renowned digital agency Neon Flux. This strategic partnership aims to oversee branding, marketing, e-commerce, and fulfillment for Elle Jolie, Adamas One Corp.'s luxury jewelry retail business. With a proven track record of success working with high-end brands, Neon Flux brings a wealth of experience to elevate Adamas One Corp.'s direct-to-consumer initiatives and drive revenue growth.

Adamas One CEO Jay Grdina commented, "Partnering with a well-regarded agency like Neon Flux for our direct-to-consumer initiatives, including managing our e-commerce platform, ElleJoile.com, and the handling of our pick-and-pack fulfillment is an important strategic move that streamlines our marketing, branding, and distribution to a single source that has repeatedly proven to be successful in multiple verticals. We continue to carefully assemble our resources to ensure that our marketing and distribution is as high-quality and forward-thinking as we believe our lab-grown diamond offering to be. We look forward to announcing Neon Flux's progress both in creating our infrastructure and helping to generate revenue."

Investors looking for more information on Adamas One Corp. (NASDAQ: JEWL) can check the company website at https://www.adamasone.com/

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