PRESS RELEASES

WASHINGTON, Nov. 1, 2023 /PRNewswire/ -- Tree Line Capital Partners, LLC ("Tree Line") announced today that it has launched WD Advanced Materials, LLC ("WDAM" or the "Company"), in partnership with the Company's management team. WDAM is a new entity focused on technical diamond applications and was formed following the transition from its predecessor gemstone manufacturing entity, WD Lab Grown Diamonds. WDAM will leverage its established manufacturing operations and technical expertise to drive disruptive, next-generation diamond applications for emerging scientific and industrial markets.

WD Lab Grown Diamonds, a leading producer of large, ultra-high-quality laboratory grown diamonds for the jewelry, scientific and industrial markets has promoted Mike Grunza to CEO as part of WD’s leadership succession plan. “I’m excited to leverage our operational and innovative excellence with the WD team and accelerating our positions in the diamond luxury and diamond electronics markets,” said Mike Grunza. “I’m looking forward to both expanding our capabilities in existing markets as well as exploring the boundaries for our diamonds’ application in industrial markets.”

WD Lab Grown Diamonds, the first diamond company in the world to be third-party sustainability certified and to achieve 100% climate neutrality, has named Australia-based JC Jewels Pty Ltd. ("JC Jewels") their Authorized Distribution Partner in the Australia and New Zealand markets. "This critical partnership with JC Jewels enables us to further scale WD's footprint in-step with the rapidly expanding global market for lab grown diamonds," said Sue Rechner, CEO of WD Lab Grown Diamonds.

WD Lab Grown Diamonds, leading U.S.-based producer of Chemical Vapor Deposition (CVD) laboratory grown diamonds, has named diamond wholesaler M. Geller, Ltd. as an Authorized Distribution Partner...Per the agreement, WD will provide M. Geller's customers with consistent, unmatched supply of the world's leading laboratory grown diamonds, created by WD in their Washington, D.C. area laboratory.

WD Lab Grown Diamonds, leading U.S.-based producer of Chemical Vapor Deposition (CVD) laboratory grown diamonds, has entered into a patent sublicensing agreement with Ethereal Green Diamonds LLP ("EGDL") and its affiliate The Diamond Library. This agreement is an expansion on WD's sublicensing program, announced late 2020, which to date includes ALTR (India) Private Limited and ALTR, Inc. and Evolution Diamond.

WD Lab Grown Diamonds, the leading U.S.-based producer of laboratory grown diamonds, announces today that Elda Fistani has been named Chief Revenue Officer, and Herb Doscher, Vice President of Operational Planning. These pivotal hires come as WD solidifies its global market leadership position in the category.

Launching today from D.C.-headquartered industry pioneer WD Lab Grown Diamonds, Latitude defines an entirely new choice for conscious consumers. From the first and only diamond company worldwide to be Certified Climate Neutral and to achieve the highest level of Sustainability Rating, Latitude is reimagining the diamond industry through new standards of transparency, innovation and ethics.

WD Lab Grown Diamonds is the first company to be certified under the provisional Certification Standard for Sustainable Diamonds. This achievement grants WD third-party authorization to use the claims of 'Certified Sustainable' and 'Certified Climate Neutral' on their high-quality, As Grown diamonds.

WD Lab Grown Diamonds, a leading U.S. producer of laboratory grown diamonds, announced today that it has completed the strategic acquisition of J2 Materials ("J2"), a pioneering crystal growth technology company headquartered in Chicago, Illinois.

WD Lab Grown Diamonds today announced that it has entered into patent sublicensing agreements with ALTR (India) Private Limited and ALTR, Inc. and Evolution Diamond. The agreements, the first of their kind in the industry, permit both entities to distribute CVD lab grown diamonds.

Sue Rechner joined the organization as Chief Executive Officer in late 2019, bringing a strong background in consumer-centric brand stewardship and sustainability advocacy. With support from leading private equity firm Huron Capital, Rechner is now building a core leadership team to accelerate the company's growth trajectory.

WD Lab Grown Diamonds, a leading producer of large, ultra-high-quality laboratory grown diamonds for the jewelry, scientific and industrial markets has appointed Sue Rechner as CEO. The selection of Rechner is part of a planned leadership transition from founder Clive Hill who will continue to be a significant shareholder and active board member leading projects in support of WD's long-range strategic plans.