Israeli lab-grown diamonds (LGD) producer LUSIX has declared the completion of a $90 million financing spherical from LVMH Luxury Ventures, Ragnar Crossover Fund and Additional Investments.

Rehovot-dependent LUSIX reported that it will use the resources to develop production ability in Israel with a second 100% solar-driven facility, which will begin generation this summer time, as very well as other initiatives. The new facility will help LUSIX to serve increasing around the globe need for LGD.




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LUSIX was started by serial entrepreneur and inventor Benny Landa, inside of Landa Labs, the science innovation and incubation platform of the Landa Team. LUSIX was spun-off in 2016 as a separate business all-around cofounder and CTO Dr. Yossi Yayon.

More than the years, LUSIX has turn into a globe chief in the diamond developing approach and its innovation and sustainability.

Landa, explained: “We are thrilled and happy to welcome this kind of high-profile traders, most notably LVMH Luxurious Ventures, bringing their fiscal guidance and worthwhile business insights. Their help will add greatly to our company’s accomplishment even though the implications of this financial investment, equally for LUSIX and for the lab-grown diamond section, are profound – and so interesting!”

Released by Globes, Israel organization news – en.globes.co.il – on June 10, 2022.

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