WD Lab Grown Diamonds, a Maryland–based lab-grown diamond producer, has received an undisclosed equity investment from private firm Huron Capital. While the amount remains to be seen, WD did comment in a press release that the sum was “significant,” calling Huron Capital their "primary institutional investor.”
WD CEO Clive Hill issued a prepared statement, saying "The Huron Capital investment is expected to help us significantly expand our capacity in the fast-growing, high-quality segments of both the gem and industrial markets, and build our base of trade partnerships. We believe we can provide the safest supply certainty for this technical product and the most consistent volume
Richline Group's lab-grown collection known as Grown With Love was supplied by WD. Huron Capital is based in Detroit, Michigan, calling itself “an operationally focused private equity firm with a long history of growing lower middle-market companies.”
Information originally sourced from JCK.