Connect with us


WD Lab Grown Diamonds Files for Ch. 7 Bankruptcy Protection

The firm reported liabilities of about $44 million versus assets of $3 million.




WD Lab Grown Diamonds has filed for Chapter 7 bankruptcy protection

The company reported liabilities of about $44 million versus assets of $3 million, the Financial Times reports.

The company, based near Washington, DC, made the filing in federal bankruptcy court in Delaware.

The newspaper stated that per-carat prices for lab-grown diamonds “have crashed more than threefold in seven years, as manufacturers continue to flood the market.”

WD Lab Grown Diamonds was founded in 2008 and used the using the chemical vapor deposition process to make its diamonds. It had revenue of $33 million last year..




When the Kids Have Their Own Careers, Wilkerson Can Help You to Retire

Alex and Gladys Rysman are the third generation to run Romm Jewelers in Brockton, Mass. And after many decades of service to the industry and their community, it was time to close the store and take advantage of some downtime. With three grown children who each had their own careers outside of the industry, they decided to call Wilkerson. Then, the Rysmans did what every jeweler should do: They called other retailers and asked about their own Wilkerson experience. “They all told us what a great experience it was and that’s what made us go with Wilkerson.” says Gladys Rysman. The results? Alex Rysman says he was impressed. “We exceeded whatever I expected to do by a large margin.”

Promoted Headlines

Most Popular