Adamas One Corp. plans to acquire lab-grown diamond manufacturer Flawless Allure Grown Diamonds LLP.
The companies have signed a non-binding letter of intent, according to a press release. Financial terms of the deal were not disclosed.
“This acquisition will solidify our position as a leader in the Lab-Grown diamond industry based on our capabilities to vertically integrate, produce and market Lab-Grown Diamonds,” said Adamas One CEO Jay Grdina. “Our goal has been to complete our ecosystem and become as self-sufficient as possible, and the acquisition of Flawless, one of the top diamond cut and polishers in the industry, completes our ability to control our end-to-end production, speed of production and time-to-marketing. This transaction represents a significant step in the execution of our strategy to ensure that we are well positioned in the market, with minimal to no shareholder dilution.”
The letter of intent “is subject to customary due diligence and confirmations within industry standards and final approval by board of directors of the Company,” according to the release.
Adamas One produces single-crystal diamonds for gemstone and industrial applications in its facilities in Greenville, SC.
Family Legacy, New Chapter: How Wilkerson Turns 89 Years of History Into Future Success
After 89 years of serving the Albany community, Harold Finkle Your Jeweler faced a pivotal decision. For third-generation owner Justin Finkle, the demanding hours of running a small business were taking precious time away from his young family. "After 23 years, I decided this was the time for me," Finkle explains. But closing a business with nearly nine decades of inventory and customer relationships isn't something easily managed alone.
Wilkerson's comprehensive approach transformed this challenging transition into a remarkable success story. Their strategic planning handled everything from advertising and social media to inventory management and staffing — elements that would overwhelm most jewelers attempting to navigate a closing sale independently.
The results speak volumes. "Wilkerson gave us three different tiers of potential goals," Finkle notes. "We've reached that third tier, that highest goal already, and we still have two weeks left of the sale." The partnership didn't just meet financial objectives—it exceeded them ahead of schedule.
