Diamond Foundry is opening up a new production facility in San Francisco, where it says it will produce 100,000 cts. of man-made gems a year.
The new factory represents “America’s largest above-ground diamond production,” it says.
The company also plans to open up a new MegaCarat foundry in 2018 in Wenatchee, Washington. The site has been leased from Stemilt, one of America’s leading producers of apples and pears.
In related news, the company is also crowing that it’s just been certified the world’s first 100-percent-carbon-neutral diamond producer by Natural Capital Partners.
According to a company release, “Our net zero carbon footprint covers all aspects of our business—from hot-forging diamonds in our foundry to polishing them into gems; and it even covers all shipping and transportation including our employees commuting to work.”
Diamond Foundry has also received additional funding from sovereign funds of China and the Middle East.
(Top: Diamond Foundry executives in new San Francisco facility, courtesy of Diamond Foundry)