Scio Diamond to double production capacity

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 Scio Diamond to double production capacityScio Diamond Technology Corporation is preparing to increase its capacity to manufacture lab grown diamonds. The company is refitting its current diamond-growing reactors with larger growing platforms and also adding new reactors. It is ambitious to complete its manufacturing expansion by May and so double its production capacity.

Plans to double production capacity at the company’s facility in Greenville, SC began when the company closed $2.5 million in growth funding from Heritage Gemstone Investors (HGI) in December 2014. HGI is a group of investors in Greenville, SC that includes Vivian Wong, William Coleman, and Sudhirkumar C. Patel, MD.

“We had already committed our production levels to existing customers, while demand for our lab-grown diamonds was growing quickly,” explained Gerald McGuire, CEO. “This expansion will let us produce more than twice the amount of diamonds we were producing just three months ago.”

Scio Diamond produces high quality, single-crystal, Type IIa lab grown diamonds for jewelry and industrial applications. The company produces 3-5 carat rough gems that are finished into 1-2 carat stones and polished for jewelry or sliced and shaped for industrial applications. Scio Diamond grows diamond crystals in a range of colors. Colorless stones are used for jewelry and industrial applications.



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