Diamonds will never go out of style, no matter the occasion. These precious gems are one of the most sought-after, lavish gifts, brightening any recipient’s day. Diamonds just are–something so iconic, sparkling, symbolic, yet simplistic. There’s a reason why they’re used for monetary advantage in movies, whether that be for personal or strategic gain. However, diamonds have their own setbacks, making them synonymous with questionable ethics and lofty costs.

Conflict regions, ethical procedures, and other socio-environmental issues posed by mining practices have made it difficult for consumers to feel good about their purchases. No one wants to find out their gift was obtained from a conflict-laden mine or a war-torn region. It has become a serious deal breaker for consumers wanting to know more about the gem’s origin. With most of the world’s reserves located in Russia, Botswana, and The Democratic Republic of Congo, the distance and disconnect have added to distrust in the product, but there’s light at the end of the road. A new type of diamond has entered the space, alleviating many of these issues.

            Lab grown diamonds are breaking into the current jewelry market with exponential growth. While natural diamond sales decreased by 10.3%, lab-grown diamonds increased by 57.6%, according to Tenoris. Few are aware of the intrinsic similarities between the different types of gemstones. Lab grown diamonds that are cut and polished have the same molecular structure, clarity, and value as mined diamonds do. The only exception is that while it takes 1 to 3.3 billion years for a diamond to form, lab grown diamonds can be produced in a few weeks. Some would call these new diamonds synthetic, but the Federal Trade Commission has stated otherwise. Lab grown diamonds aren’t artificial material; they’re fundamentally similar to natural, mined diamonds. Buyers receive high-quality, ‘cultured’ diamonds at the same value as their mined counterparts without the baggage.

            Adamas One Corp. (NASDAQ:JEWL) creates lab grown diamonds with sophisticated and advanced technology. Originator of their patented chemical vapor deposition technology, which is the process of taking a diamond seed, placing it in a pressure chamber with methane or carbon-based gas, and allowing the two materials to bond. Adamas One produces optically, physically, and chemically identical diamonds to those mined out of the Earth. The process used to generate their top-of-the-line, single stone gems come from acquired technology and patents from Apollo Diamonds. The company, led by storied entrepreneur Jay Grdina, is on target to become the largest distributor in the sector.

            With lab grown diamonds currently representing 42% of the current US market and the individualized market is projected to reach a market share of $55.3 billion, Adamas One is confident there is more room to grow. With over 38 base patents, both domestically and internationally, Adamas One produces superior diamonds at reduced costs. Current predictions indicate that 50% of loose diamonds sold this year are expected to lab-grown diamonds. Loose diamonds make up about a third of the jewelry sales within the United States.

            The company currently operates in Scottsdale, Arizona, with its manufacturing based in Greenville, South Carolina. Having all operations located in the United States, the company seeks to capitalize its competitive, convenient edge. Recently, the company invested in NextGenAi to increase lab grown diamond education. They also plan to capitalize on AI's data collection function to increase brand awareness within an industry filled with legacy names. Combining these carats of knowledge and expertise together, the company plans on seeing its margins increase exponentially. Adamas One and Grdina believe in bringing more customers to the table with their diamonds that wouldn’t have entered the jewelry scene before. However, jewelry isn’t the only sector that Adamas is eyeing to shatter preconceived expectations.

            Diamonds are one of the most naturally efficient thermal conducting materials, and Adamas plans to exploit this material for multiple applications. Whether used in solar panels or semiconductors, the company believes that diamonds could be an optimal replacement for silicon as well as a variety of technology-based lifestyle applications. Led by the knowledge of their COO Jerry McGuire, the company is seeking parallel growth within the technology and high-luxury sectors–while aggressively pursuing all fields of utilization and optimization.

            Adamas One lab grown diamonds looks to single-handedly disrupt the high-luxury industry. Being one of the finest, most desirable gifts for years, diamonds are an excellent opportunity for people to invest and share wealth. This September, Adamas One plans to bring their Elle Jolie jewelry line to the forefront of the high-end luxury marketplace. CEO Jay Grdina said that after inspecting his diamonds, “There is nothing that competes with them. The CVD process produces such vibrant colors and almost perfect stones.” Clearly, it's a palpable moment for the industry.

            The problems of ethical and economic diamond purchasing are slowly becoming a worry of the past. The anxieties of diamond manufacturing won’t be a thought when trying to purchase a precious gift or engagement ring. Not only will those who seek to show their love prosper, but technology can collectively grow more concrete and stable. With the supply chain issues affecting silicone and other materials like semiconductors, the addition of lab-grown materials to fill in these gaps is a game changer for all parties involved. It's no question that lab-grown diamonds are the future of the jewelry industry as companies like Breitling have implemented them in their own line, and plan to phase out mined diamonds by 2024. Lab grown diamonds are the next trend and investment that will take people’s breath away, without sacrificing ethics and integrity–and Adamas One is ready to put that lustrous statement into action.