Press Releases

LUSIX Completes $90 Million Investment Round from LVMH Luxury Ventures and Other Key Investors

The new facility will enable LUSIX to better serve the increasing demand for LGD, from its clients worldwide and from the overall industry.

Published

2 years ago

June 13, 2022

Press Releases

(PRESS RELEASE) REHOVOT, ISRAEL — LUSIX, a leading producer of lab-grown diamonds (LGD), 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.

LUSIX was founded by visionary entrepreneur and prolific inventor Benny Landa, within Landa Labs, the science innovation and incubation platform of the Landa Group. LUSIX was spun-off in 2016 as a separate disruptive business relying on robust R&D foundations and experienced teams of experts, around co-founder and current CTO Dr. Yossi Yayon.

Over the years, LUSIX has become a reference among LGD producers, thanks to its quest for perfection and quality, which has laid the foundations of proprietary science-backed know-how and achieved a perfect mastery of the diamond growing process. In addition to its superior growing practices, LUSIX’s new, third party audited 100% solar-powered facility solidifies the company’s scientifically advanced leadership in the sustainability realm.

LUSIX constantly pushes the limits towards more innovation, promoting the LGD category’s wide potential and preparing the ground for future applications.

LUSIX Founder and Chairman, Benny Landa, said: “We are thrilled and proud to welcome such high-profile investors, most notably LVMH Luxury Ventures, bringing their financial support and valuable industry insights. Their help will contribute greatly to our company’s success while the implications of this investment, both for LUSIX and for the lab-grown diamond segment, are profound – and so exciting!”

You Wouldn’t Cut Your Own Hair. Why Run Your Own Retirement Sale?

After being in business for over a quarter of a century, Wayne Reid, owner of Wayne Jewelers in Wayne, Pennsylvania, decided it was time for a little “me time.” He says, “I’ve reached a point in my life where it’s time to slow down, enjoy a lot of things outside of the jewelry industry. It just seemed to be the right time.” He chose Wilkerson to handle his retirement sale because of their reputation and results. With financial goals exceeded, Reid says he made the right choice selecting Wilkerson to handle the sale. “They made every effort to push our jewelry to the forefront of the showcases,” he says, lauding Wilkerson for their finesse and expertise. Would he recommend them to other jewelers who want to make room for new merchandise, expand their business or like him, decide to call it a day? Absolutely he says, equating trying to do this kind of sale with cutting your own hair. “The results are going to happen but not as well as if you have a professional like Wilkerson do the job for you.”