The company formally pivoted and relaunched as WD Advanced Materials, LLC in November 2023.
WD was an exclusive licensee of patents covering single crystal CVD diamond growth technology that was originally developed by the Geophysical Laboratory of the Carnegie Institution for Science.
[8] WD Lab Grown Diamonds was founded in 2008 by Clive Hill, a successful jeweler from the United Kingdom.
In September 2019, WD Lab Grown Diamonds appointed Sue Rechner as CEO as part of a planned leadership transition.
On October 10, 2023, the company filed for Chapter 7 bankruptcy liquidation, announcing a transition to entity WD Advanced Materials, LLC.