WD Lab Grown Buys J2 Materials, Another Grower

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WD Lab Grown Buys J2 Materials, Another Grower

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The common interests, technological skills, and the capacity of these two companies to produce lab-grown diamonds has led them to combine their efforts in a win-win deal, so I say more power to them. Both labs will stay operational, with one of them changing their name, and I hope the merger gives them what they need to reach new heights. :)

WD Lab Grown Buys J2 Materials, Another Grower
January 27, 2021 by Rob Bates

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'WD Lab Grown Diamonds—the corporate name of M7D Corp.—has purchased J2 Materials, another lab-grown diamond company based in Chicago.

No terms were disclosed.

J2 was founded nearly five years ago by materials scientists Jonathan Levine-Miles, who serves as CEO, and John Ciraldo, who is its chief technical officer. It specializes in growing gem diamonds with chemical vapor deposition (CVD), as well as high-performance diamond substrates used for industrial purposes, including optics for advanced synchrotron sources, quantum computer logic, and semiconductor applications.

It also has an extensive intellectual property portfolio, said a WD statement.

“Our acquisition of J2 is an important milestone for WD Lab Grown Diamonds,” said Sue Rechner, CEO of WD, in the statement. “The combination of our patented technology and scale, with J2’s unique process mastery and expertise, will markedly expand our capability.”

J2 will maintain its laboratory in Chicago, WD said.

“We have long looked to WD as true leaders in chemical vapor deposition diamond growth,” said J2’s Levine-Miles in the statement. “The team is excited to lend our own technical expertise to WD’s proficiency and scale in manufacturing, global sales, and marketing. Our integration will propel product quality and efficiency forward.”

As first reported in JCK last week, WD is rebranding itself as Latitude Diamonds. It also hopes to soon have SCS Global Systems certify it as ... "

https://www.jckonline.com/editorial-art ... materials/
PinkDiamond
ISG Registered Gemologist


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