What Adamas One does

Adamas One Corp. is a publicly traded lab-grown diamond manufacturer (NASDAQ: JEWL) headquartered in Carson City, Nevada. Founded in 2018 with a headcount of 11-50 employees, the company produces single-crystal diamonds using two established materials processes — Chemical Vapor Deposition (CVD) and High Pressure High Temperature (HPHT) — targeting both gemstone jewelry applications and industrial end-uses such as cutting, drilling, and thermal management. The company competes by selling lab-grown diamonds at a stated 30-50% discount to natural diamonds, pitching an ethically and environmentally sustainable alternative.

The business operates a hardware-sales revenue model, manufacturing and selling finished or rough lab-grown diamonds to jewelry and industrial buyers, with pricing not publicly disclosed. In August 2023 the company entered a non-binding LOI and subsequently acquired Flawless Allure Grown Diamonds, LLP — a key lab-grown diamond manufacturer — explicitly to gain end-to-end control of the production process and vertically integrate its supply chain. Leadership is led by CEO John Grdina, with a new Vice President appointed in August 2023.

Adamas One operates as a subsidiary within the BitNile Holdings conglomerate, with Digital Power Lending (a BitNile Holdings subsidiary) making a strategic investment of $4.1 million in August 2022. Total disclosed funding across two rounds (2021 and 2022) is approximately $5.66 million. The company is referenced as a named market player alongside De Beers Group, Lightbox Jewelry, and Diamond Foundry in a 2025 industry report on the global synthetic diamond market, which is estimated at $12.1 billion in 2025 and projected to reach $16.3 billion by 2033. Macroeconomic headwinds are significant: US lab-grown diamond prices have fallen approximately 80% over five years, compressing unit economics across the industry. Marketing and distribution channels are not documented in available sources, and the company's website is currently flagged by Cloudflare for suspected phishing, which raises a near-term go-to-market execution concern.

Name

Adamas One

Legal name

Adamas One Corp.

Website

https://adamasone.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Adamas One Corp. is a publicly traded lab-grown diamond manufacturer (NASDAQ: JEWL) that uses CVD and HPHT processes to produce single-crystal diamonds for the jewelry and industrial cutting/drill/thermal-management markets. Headquartered in Carson City, Nevada.

Ownership category

akta.pro rank

Headquarters

HQ city

Carson City

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Technology or R&D, Infrastructure

Revenue model

1. Lab-Grown Diamond Manufacturing and Sales: Adamas One manufactures and sells lab-grown diamonds for jewelry and industrial applications. The company pursues vertical integration through acquisitions to control end-to-end production processes.

Go-to-market motion1 record

Core offering

Adamas One Corp. is a lab-grown diamond manufacturer that produces near-flawless single-crystal diamonds for both gemstone (jewelry) and industrial applications. The company employs CVD (Chemical Vapor Deposition) and HPHT (High Pressure High Temperature) production methods and pursues end-to-end vertical integration through strategic acquisitions to control the full production process.

Product overview

Adamas One Corp. is a lab-grown diamond company. The company announced entering into a non-binding LOI to acquire Flawless Allure Grown Diamonds, LLP in August 2023, with the aim to control its end-to-end production process for lab-grown diamonds.

Differentiator

Problem solved

Functional benefit

Products and services

• Lab-Grown Gem-Quality Diamonds

Quantifiable outcome

• Lab-grown diamonds priced 30-50% lower than natural diamonds
• +1 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Flawless Allure Grown Diamonds, LLPcoreStrategic or Co-development Partner · 8 August 2023Adamas One Corp. entered into a non-binding Letter of Intent to acquire Flawless Allure Grown Diamonds, LLP, a key lab-grown diamond manufacturer. The acquisition aimed to control the end-to-end production process of lab-grown diamonds.

Scale indicators3 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• Lightbox Jewelry: De Beers-owned lab-grown diamond jewelry brand offering accessible price-point stones direct to consumers—directly comparable to Adamas One's lab-grown jewelry strategy and consumer value proposition.
• Diamond Foundry: Vertically integrated CVD-grown diamond producer serving both jewelry and industrial markets; comparable to Adamas One's dual-segment CVD/HPHT approach and end-to-end production model.
• Swarovski Created Diamonds: Swarovski's lab-grown diamond line targeting fine jewelry consumers with branded, ethically-positioned stones—directly competing with Adamas One on jewelry applications and brand-driven premium positioning.
• Element Six: De Beers subsidiary and the world's largest producer of synthetic industrial diamonds for cutting, drilling, and thermal management—directly comparable to Adamas One's industrial diamond application focus.
• Brilliant Earth: Public retailer and manufacturer of ethically-sourced and lab-grown diamond jewelry; comparable to Adamas One on ethical sourcing narrative and lab-grown engagement ring market focus.
• Clean Origin: A pure-play online retailer of lab-grown diamond jewelry, comparable to Adamas One's downstream consumer value proposition across engagement and fine jewelry applications.
• MiaDonna: Lab-grown diamond jewelry brand offering ethically-positioned stones at premium positioning—directly comparable to Adamas One's ethical, sustainable value proposition for jewelry buyers.

Broad incumbents

• De Beers Group: The dominant natural and lab-grown diamond conglomerate whose Lightbox subsidiary competes in the same end-markets as Adamas One; offers overlapping capability within a much broader portfolio and brand.

Regional players

• IIa Technologies: Singapore-based CVD lab-grown diamond producer serving both gem and industrial markets; comparable to Adamas One on CVD production and dual-segment exposure but operating in Asia-Pacific.
• New Diamond Technology: Russian producer of HPHT-grown single-crystal diamonds for gem and industrial applications; comparable to Adamas One's HPHT capability and single-crystal focus but operating in a different geography.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/adamas-one-corp

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Adamas One