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Synthetic Diamond Grower Scio Back to Full Output after December Water Leak

Apr 13, 2016 4:24 AM   By Rapaport News
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RAPAPORT...
Scio Diamond, a producer of synthetic diamonds from chemical-vapor deposition (CVD), said its Greenville plant in South Carolina returned to full production after a water leak in December led to a shutdown.

“All growers have been repaired and are back in production," said Gerald McGuire, Scio’s president and chief executive officer. “The company expects to show significant increases in output in March and April as the diamonds from the restored growers complete their growth cycle,” Scio added. 

A water line break damaged diamond growers at the Greenville factory, forcing the company to operate at below capacity after an initial period of shutdown. That in turn meant fourth-quarter sales were not as strong as expected, according to Scio.
Tags: chemical-vapor deposition, cvd, lab-grown diamonds, Rapaport News, scio diamond, Synthetics
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