PodcastsJan 12, 2026
The latest poscasttest
SourcingSep 09, 2015
Lab-grown diamond co. secures $1.57M in funding
Scio has just secured another round of funding, which it said will be used to continue product development and for working capital.
Scio will use its latest round of funding to continue product development. Pictured here are three pink diamonds the Greenville, S.C.-based company grew in partnership with Renaissance Diamonds.
Greenville, S.C.--Diamond grower Scio announced this week that it has secured $1.57 million in financing in a non-brokered, private placement to a group of accredited investors based in Greenville, where the company is headquartered.
The identity of the investors behind the capital was not disclosed.
The company said the funding will be used to continue product development as well as for working capital.
Scio introduced International Gemological Institute-certified lab-grown fancy pink last year and has been delivering them to the market since June. But going forward the company said it will focus on white lab-grown diamonds, as demand for the stones continues to rise.
This summer Helzberg Diamonds, which has more than 200 stores, announced it would be selling lab-grown pinks, yellows and whites from Scio and Renaissance Diamonds in select stores across the country, making it the latest retailer to test the market for man-made diamonds.
News of Scio’s $1.57 million in financing follows an investment of $2.5 million that a group of three investors calling themselves Heritage Gemstone Investors Inc. put behind the company last December.
That capital was used to pay down debt and invest in equipment that allowed Scio to double its manufacturing capacity for pink and white stones earlier this year.
Editors' Picks
Sponsored by
More on Sourcing
The Latest
Weekly QuizOct 03, 2024
This Week’s QuizTest your jewelry news knowledge by answering these questions.
PodcastsJan 12, 2026
Introducing My Next Question, the PodcastA monthly podcast series for jewelry professionals
Brought to you by
Navigating Cybersecurity: Essential Guidance for JewelersFrom protecting customer data to safeguarding inventory records, it's crucial to learn how to tackle cybersecurity challenges.
PodcastsNov 27, 2025
Test Podcast With VideoTest Podcast With Video. New interview with Ada Lovelace.
PodcastsNov 25, 2025
Test New Podcast PostAbstract for tests. New Podcast interview with John Lennon, Jimi Hendrix and Jim Morison.
ColumnistsOct 09, 2024
Peter Smith: 7 Things to Know When Selling LuxuryAhead of the holiday season, Smith delves into the often subconscious reasons people buy luxury products for themselves or their loved ones.
AuctionsOct 09, 2024
Rolex Worn on Apollo 14 Mission Up for SaleThe GMT-Master “Pepsi” belonging to astronaut Edgar Mitchell is a standout in RR Auction’s online “Space Auction,” going on now.
MajorsOct 09, 2024
New Simon Campaign Invites Gen Z to ‘Meet Me At The Mall’The ads celebrate the mall culture of the ‘80s and ‘90s.
MajorsOct 09, 2024
PGI Launches New Virtual Sales TrainingRetail sales associates can access the video series on mobile to refresh their selling skills.
Policies & IssuesOct 09, 2024
GJNRF: Reaching Out, Rebuilding Futures For 25 years, India’s Gem & Jewellery National Relief Foundation has provided aid in the wake of war, natural disasters, and global crises.
AuctionsOct 08, 2024
Sotheby’s Selling Jewelry That Belonged to a Bulgarian TsarThe November auction will feature a collection of jewels owned by Ferdinand I, the first king of modern Bulgaria, and his family.
SurveysOct 08, 2024
What to Know About Online Shopping This Holiday SeasonDeloitte and Adobe Analytics shared their insights on the season, from the retail sales forecast to the role of generative AI.
CollectionsOct 08, 2024
Sylvie Adds New Men’s BandsThe Texas-based jeweler collaborated with luxury clothing brand Uncommon Man on men’s bands designed with European influences.
SourcingOct 07, 2024
Rio Tinto to Offer 76 Diamonds in 2024 Beyond Rare Tender The sales event, in its second year, features a selection of rare diamonds from the miner’s Argyle and Diavik diamond mines.
CollectionsOct 07, 2024
Olympian Kristi Yamaguchi Partners With Heller Jewelers on New CollectionA portion of the proceeds from the “Always Dream” collection will go to Yamaguchi's foundation, supporting early childhood literacy.
SurveysOct 07, 2024
Hill & Co.’s New ‘Business of Jewelry Report’ Is OutThe first in what is slated to be a series of in-depth reports from the consulting company, it focuses on shortening supply chains.
WatchesOct 04, 2024
Watches of Switzerland Clocks Another Acquisition—HodinkeeThe company said Benjamin Clymer will return to his role as head of the watch news website, which will maintain editorial independence.
