Lab-Grown Diamond Co. Adamas One Risks Nasdaq Delisting
The company did not file its annual 10-K Form, the form that gives a comprehensive summary of financial performance over the past year.

The form is an annual report required by the U.S. Securities and Exchange Commission that gives an overview of a publicly traded company’s financial performance.
The company announced in a press release that it has received a letter from Nasdaq’s Listing Qualifications Department after it did not file a Form 10-K for its fiscal year ended Sept. 30.
The lab-grown diamond manufacturer is headquartered in Scottsdale, Arizona, and has facilities in Greenville, South Carolina.
The company holds 36 patents, using a proprietary chemical vapor deposition process to grow diamond crystals.
It trades under the ticker symbol JEWL and its stock last closed at about $0.60 per share.
If the company does not regain compliance in a timely manner, its common stock will be subject to delisting from Nasdaq.
Adamas One has until March 19 to file the report or submit a plan to Nasdaq to be back in compliance, according to the release.
If Nasdaq accepts the plan, Adamas One has up to 180 days from the due date for filing to regain compliance.
If the plan is not accepted, the company will have to appeal that decision to a Nasdaq Hearings Panel.
In the release, Adamas One stated, “The company is working diligently and expects to file its Annual Report 2023 Form 10-K shortly, which would eliminate the need for the company to submit a formal plan to regain compliance.”
The company announced plans in August to acquire India-based lab-grown diamond manufacturer Flawless Allure Grown Diamonds LLP.
Adamas One did not respond to a request for an update on the acquisition.
The Latest

The singer’s ring ticks off many bridal trends, with a thick band, half-bezel setting, and solitaire diamond.

The bracelet references vintage high jewelry and snake symbolism as a playful piece where a python’s head becomes a working belt buckle.

The heist happened in Lebec, California, in 2022 when a Brinks truck was transporting goods from one show in California to another.

The Seymour & Evelyn Holtzman Bench Scholarship from Jewelers of America returns for a second year.

The 10-carat fancy purple-pink diamond with potential links to Marie Antoinette headlined the white-glove jewelry auction this week.


The Starboard Cruises SVP discusses who is shopping for jewelry on ships, how much they’re spending, and why brands should get on board.

The historic signet ring exceeded its estimate at Noonans Mayfair’s jewelry auction this week.

The countdown is on for the JCK Las Vegas Show and JA is pulling out all the stops.

To mark the milestone, the brand is introducing new non-bridal fine jewelry designs for the first time in two decades.

The gemstone is the third most valuable ruby to come out of the Montepuez mine, Gemfields said.

Founder and longtime CEO Ben Smithee will stay with the agency, transitioning into the role of founding partner and strategic advisor.

Associate Editor Natalie Francisco shares 20 of her favorite pieces from the jewelry collections that debuted at Couture.

If you want to attract good salespeople and generate a stream of “sleeping money” for your jewelry store, then you are going to have to pay.

The top lot was a colorless Graff diamond, followed by a Burmese ruby necklace by Marcus & Co.

Gizzi, who has been in the industry since 2001, is now Jewelers of America’s senior vice president of corporate affairs.

Luca de Meo, a 30-year veteran of the auto industry, will succeed longtime CEO François-Henri Pinault.

Following visits to Vegas and New York, Botswana’s minerals minister sat down with Michelle Graff to discuss the state of the diamond market.

The “Your Love Has the Perfect Ring” campaign showcases the strength of love and need for inclusivity and representation, the jeweler said.

The former De Beers executive is the jewelry house’s new director of high jewelry for the Americas.

The New York Liberty forward is the first athlete to represent the Brooklyn-based jewelry brand.

Take a bite out of the 14-karat yellow gold “Fruits of Love Pear” earrings featuring peridots, diamond stems, and tsavorite leaves.

The one-day virtual event will feature speakers from De Beers, GIA, and Gemworld International.

The California-based creative talks jewelry photography in the modern era and tackles FAQs about working with a pro for the first time.

Al Capone’s pocket watch also found a buyer, though it went for less than half of what it did at auction four years ago.

The foundation has also expanded its “Stronger Together” initiative with Jewelers for Children.

Assimon is the auction house’s new chief commercial officer.

The De Beers Group CEO discusses the company’s new “beacon” program, the likelihood diamonds will be exempt from tariffs, and “Origin.”