Headlines

Lusix Gets $90M Investment from LVMH Luxury and Others

The money will fuel growth initiatives, including the expansion of production capacity in Israel.

Published

2 years ago

June 13, 2022

INSTORE Staff

REHOVOT, ISRAEL — Lusix, a producer of lab-grown diamonds, announced that 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, including the expansion of its production capacity in Israel with a second 100 percent solar-powered facility, which will begin production this summer.

Lusix was founded by entrepreneur and inventor Benny Landa within Landa Labs, the science innovation and incubation platform of the Landa Group. Lusix was spun-off in 2016.

Landa, who serves as chairman of Lusix, 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!”

click to Comment(Comment)

Up Next

Blue Nile Is Going Public — Again

Don't Miss

Signet Jewelers to Pay $175M in Gender Discrimination Settlement

This Third-Generation Jeweler Was Ready for Retirement. He Called Wilkerson

Retirement is never easy, especially when it means the end to a business that was founded in 1884. But for Laura and Sam Sipe, it was time to put their own needs first. They decided to close J.C. Sipe Jewelers, one of Indianapolis’ most trusted names in fine jewelry, and call Wilkerson. “Laura and I decided the conditions were right,” says Sam. Wilkerson handled every detail in their going-out-of-business sale, from marketing to manning the sales floor. “The main goal was to sell our existing inventory that’s all paid for and turn that into cash for our retirement,” says Sam. “It’s been very, very productive.” Would they recommend Wilkerson to other jewelers who want to enjoy their golden years? Absolutely! “Call Wilkerson,” says Laura. “They can help you achieve your goals so you’ll be able to move into retirement comfortably.”