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Full-Time

Product Development Manager

Confirmed live in the last 24 hours

Diamond Foundry

Diamond Foundry

201-500 employees

Eco-friendly single-crystal diamond wafer manufacturer

Energy
AI & Machine Learning
Hardware

Compensation Overview

$90k - $130kAnnually

Senior

New York, NY, USA

Hybrid position based in New York, NY.

Category
Product Management
Product
Required Skills
Communications
Requirements
  • Minimum of 5-7 years of hands-on experience in product development within the fine jewelry industry.
  • Proven ability to manage projects from concept to production successfully, with a portfolio showcasing successful fine jewelry launches.
  • Extensive knowledge of jewelry design, gemology, materials, and manufacturing processes - including CAD design software and other relevant tools used in product development.
  • Exceptional communication skills, capable of effectively liaising with designers, suppliers, and production teams.
  • Excellent organizational and time-management abilities, with the capacity to prioritize tasks and meet deadlines.
Responsibilities
  • Oversee the entire product development process from concept to final sample approval, ensuring timely completion aligned with development calendars.
  • Collaborate with design, production, and quality assurance teams to ensure product concepts are feasible, meet quality standards, and align with brand aesthetics.
  • Coordinate and meet on-site with internal staff, as well as suppliers and manufacturers to develop prototypes and production samples, ensuring materials and craftsmanship meet required standards as needed.
  • Analyze market trends, competitor products, and consumer preferences to inform product development strategies and maintain the brand’s competitive edge.
  • Present product development updates, insights, and recommendations to leadership based on data and industry trends.

Diamond Foundry specializes in the eco-friendly manufacturing of single-crystal diamond wafers, employing zero-emission technologies that convert greenhouse gases into high-quality diamonds. This focus on sustainable practices not only supports environmental preservation but also addresses critical thermal constraints in burgeoning sectors like AI, cloud computing, and electric vehicle electronics. With a clear commitment to sustainability and high-tech solutions, this company stands at the forefront of addressing some of the most pressing challenges in technology and engineering.

Company Stage

Series B

Total Funding

$558.7M

Headquarters

San Francisco, California

Founded

2012

Growth & Insights
Headcount

6 month growth

8%

1 year growth

27%

2 year growth

40%
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Simplify's Take

What believers are saying

  • Diamond Foundry's expansion into international markets like Spain and the UAE indicates strong growth potential and global market penetration.
  • The partnership with luxury brands and retailers like Vrai and Fraser Hart elevates the status of lab-grown diamonds to true luxury items.
  • Significant investments in new production facilities and technological advancements suggest robust financial health and a commitment to innovation.

What critics are saying

  • The diamond industry is highly competitive, with both lab-grown and mined diamonds vying for market share, which could impact Diamond Foundry's growth.
  • High capital expenditure on new facilities and acquisitions may strain financial resources if market conditions change.

What makes Diamond Foundry unique

  • Diamond Foundry's lab-grown diamonds are ten times more energy-efficient to produce than mined diamonds, leveraging zero-emission energy sources.
  • The company is backed by high-profile investors like Leonardo DiCaprio, enhancing its brand credibility and market reach.
  • Their proprietary CVD mechanism and recent acquisition of Audiatec position them as technological leaders in the lab-grown diamond industry.