【South Korea】KDT Diamond, Korea’s First ‘Lab-Grown Diamond’ Producer, Secures Series A Investment

Editor’s Note

KDT Diamond has become South Korea’s first domestic company in the lab-grown diamond sector to secure Series A funding. This investment highlights the growing market interest in sustainable, CVD-produced diamonds and marks a significant step for the industry in the region.

KDT Diamond Secures Series A Funding

KDT Diamond, a company specializing in the production of lab-grown diamonds using Chemical Vapor Deposition (CVD) technology, has successfully attracted Series A investment. This marks a significant milestone as the first domestic company in South Korea to achieve this in the lab-grown diamond sector.

Focus on CVD Diamond Production

The company’s core technology involves the CVD process, which allows for the creation of high-purity diamonds in a controlled laboratory environment. This method is gaining traction as a sustainable and potentially more ethical alternative to traditional diamond mining.

Market Implications and Future Plans

The newly secured investment is expected to be used for scaling up production capacity, advancing research and development in CVD technology, and expanding market reach. The growth of lab-grown diamond producers like KDT Diamond is reshaping the global gemstone and industrial diamond markets.

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⏰ Published on: April 22, 2024