Ownership Change for Diamond in United States
Scio Diamond was sold to Adamas One Corp in 2019, transferring ownership of U.S. synthetic diamond production.
United States production
Market intelligence
Scio Diamond was sold to Adamas One Corp in 2019, transferring ownership of U.S. synthetic diamond production.
Scio Diamond shut down its synthetic diamond production facility in 2016, curtailing U.S. synthetic diamond supply.
Scio Diamond Technology Corp. expanded synthetic diamond production, raising U.S. output.
Scio Diamond acquired Apollo Diamond’s diamond‑growing patents in 2011, consolidating U.S. synthetic diamond technology.
Jericho Diamond Mine in Nunavut declared commercial rough diamond production on July 1, 2006, marking the first U.S. mine to reach commercial status since 2002.
10.5% ad val tariff imposed on simply sawn precious stones as of 12/31/2002, affecting trade.
10.5% ad val tariff imposed on other precious stones as of 12/31/2002.
4.0% ad val tariff imposed on imitation pearls as of 12/31/2002.
Kelsey Lake diamond mine ceased commercial operations and was fully reclaimed after April 2002.
Kelsey Lake diamond mine ceased commercial operations in April 2002, ending U.S. diamond mining activity at that site.
The U.S. Department of Defense began selling near-gem quality diamond stockpile materials, potentially affecting gemstone supply.
The Kimberley process was fully implemented in 2002, enabling legitimate diamond trade following the end of conflicts in Angola, Congo (Kinshasa), and Sierra Leone.
Gemesis Corp. began commercial synthetic diamond production in 2000, adding new supply to the diamond market.
The Kelsey Lake Diamond Mine resumed production in September 2000 after a closure, boosting U.S. diamond output.
New equipment was installed in Kelsey Lake’s main processing plant in September 2000, expanding recovery capacity.
Great Western Diamond Company acquired the Kelsey Lake Diamond Mine property from Redaurum Limited in April 2000, transferring ownership.
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