Tech.eu writes that WeCare Foundation's proprietary methods of production assesses the market potential and the quality of the diamonds before they are implemented in various industrial applications, like laser optics or telecommunications.

Lab-grown diamonds are made by exposing a diamond seed at temperatures of over 1.000 degrees Celsius and at pressures of 1.5 PSI (pounds per square inch), which allows the carbon to melt and form a diamond around the seed. After it is cooled, the diamond is being formed.

Experts say that the lab-grown diamond market could reach 160 million carats by 2030, signaling an increased interest for sustainable alternatives in the industry, as these products are being ever-more popular in Asia, as well.

Saad Kassis Mohamed, Chairman of WeCare Foundation, said that "WeCare Foundation is committed to fostering innovation and sustainability in the lab-grown diamond industry. By providing access to tailored funding solutions and market opportunities, we aim to empower small to mid-sized players to thrive in this rapidly evolving sector."