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Adamas Acquires Synthetics Producer Scio
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Nevada-based Adamas One Corp. has bought all assetsbelonging to Scio Diamond, a producer of lab-grown diamonds. Adamas will pay $3.3 million over 18 months to cover Scio’s secured debt, according to a December 11 filing with the US Securities...
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Polished Markets
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Dec 30, 2018
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Rapaport News
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Scio Diamond to Up Synthetics Production
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Lab-grown diamond producer Scio Diamond Technology Corporation will boost its output of synthetic rough diamonds over the summer, following a recent restructuring of its debt.“We’ve made significant progress with our white diamonds recently,...
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Polished Markets
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Jul 12, 2017
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Rapaport News
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Lab Diamond Grower Scio Widens its Losses
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ScioDiamond Technology moved further into the red in the first fiscal quarter asmanagement admitted its future remains in doubt.Thecompany’s loss widened 44 percent to $1.3 million even as revenue advanced 7.5percent to $185,061 in the three months...
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Technology
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Aug 17, 2016
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Rapaport News
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Manufacturing
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Nov 17, 2015
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Rapaport News
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Scio Revenue Halves, Loss Narrows to $4M
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Scio Diamond Technology said declining diamond sales and licensing income led to a 49 percent drop in revenue to $726,193 for the year that ended on March 31. The U.S. synthetic diamond producer said its net...
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Retail
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Jul 06, 2015
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Ronen Shnidman
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Scio Diamond Receives $2M in Equity Financing
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Press Release: Scio Diamond Technology Corporation announced that it has closed on $2 million in equity financing.The recently closed equity financing was in addition to the $2.5 million in funding that Scio Diamond received from Heritage Gemstone...
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Manufacturing
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Jan 15, 2015
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Scio Diamond
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Scio Diamond Reports 49% Increase in Production
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Scio Diamond Technology Corporation reported that lab-grown diamond production rose 49 percent year on year to 23,000 carats in the fiscal year that ended on March 31. The company expects to release a full financial report no later...
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Gemstones
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Apr 29, 2014
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Jeff Miller
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Scio Signs Lab-Grown Diamonds Deal in China
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Scio Diamond Technology Corporation entered into a joint venture with unnamed partners to produce type IIa, single crystal, chemical vapor deposition (CVD) diamonds in China. The joint venture's facility is expected to host 100 Scio...
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Technology
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Sep 17, 2013
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Jeff Miller
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Scio Deploys its Mosaic Diamond Growth Process
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Scio Diamond Technology Corporation confirmed that its patented Mosaic Diamond growth process, which grows diamond plates of significant size, is now in production. ''These larger plates of single crystal diamond are unmatched anywhere to our...
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Technology
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Aug 23, 2012
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Jeff Miller
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SCIO Diamond Secures Patent in Canada
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SCIO Diamond Technology Corporation was issued its first Canadian patent (number 2511670), titled ''Tunable CVD Diamond Structures.'' The patent relates to single crystal diamond grown in layers, wherein the layers of diamond are...
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Financial-Legal
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Jan 09, 2012
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Jeff Miller
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Scio Diamond Reports 3Q Loss of $276K
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Scio Diamond Technology, which plans to produce lab-grown diamonds shortly, reported no revenue during the third quarter, which ended on September 30, and a loss of $276,286 compared with a minimal loss one year ago. The...
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Technology
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Nov 14, 2011
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Jeff Miller
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Scio Diamond Touts Job Creation for South Carolina
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Scio Diamond Technology Corporation will establish its new corporate headquarters and manufacturing operations in Greenville County, South Carolina, and operations are expected to generate 70 new jobs during the next five years, according...
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Technology
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Oct 31, 2011
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Jeff Miller
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