Lusix Completes $90 Million Investment Round From Lvmh Luxury Ventures And Other Key Investors
06/09/22, 10:36 PM
Money raised
$90 million
LUSIX, a leading producer of lab-grown diamonds (LGD), today announced that high-profile investors, including LVMH Luxury Ventures, Ragnar Crossover Fund and More Investments, have completed an investment round of $90 million. The Company will use this investment to fuel its growth initiatives, notably the expansion of its production capacity in Israel with a second 100% solar-powered state-of-the-art facility, which will commence production this summer. The new facility will enable LUSIX to better serve the increasing demand for LGD, from its clients worldwide and from the overall industry.
Company Info
Additional Info
LUSIX is a technology-driven, prime grower of lab grown diamonds (LGDs). Marketing its diamonds under the Sun Grown DiamondsTM mark, LUSIX is the world’s first 100% solar-powered LGD producer. The Company is unique in its ability to grow custom shaped rough diamonds, including LUSIX Pyramid DiamondsTM, as well as custom-colored rough diamonds. LUSIX diamonds are grown in Israel in the world’s most scientifically advanced manufacturing facility. The Company is vertically integrated, from the design and manufacture of its own custom-made reactors to large scale production of premium quality diamonds, chosen by leading Luxury brands worldwide. LUSIX is committed to the highest level of quality and traceability practices and is third-party certified for its sustainability. For more information, visit www.lusix.com or contact Liz Chatelain +1 (805) 296 9981 or Daniel Kahn +972 50 868 8757.