Scio Testing Demand for Lab-Grown Diamonds at Helzberg
June 02, 15
(IDEX Online News) – Diamond maker Scio Diamond Technology Corporation is testing its lab-grown diamonds in a national marketing program through Helzberg Diamonds.
Scio Diamond produces lab-grown rough diamonds in the 3-5 carat size and Renaissance Diamonds Inc. processes, cuts and polishes the jewels. The two companies then sell the finished diamonds, in sizes from 0.5-2+ carats, to retailers through a joint venture, Renaissance Created Diamonds.
“We want to provide consumers with a choice in selecting diamonds that satisfy their preferences and needs,” said Scio Diamond CEO Gerald McGuire. “Our highly controlled laboratory setting produces brilliant gems for fine jewelry, so lab-grown diamonds are a new option for today’s savvy shopper.”
“The scarcity and exorbitant cost of mined fancy color diamonds have placed them out of reach for many consumers. Now they can own the diamond of their dreams at a fraction of the cost,” added Neil Koppel, president and CEO, Renaissance Diamonds, Inc.
Scio Diamond creates high-quality, Type IIa single-crystal diamonds.