Connect with us

Headlines

Lusix Gets $90M Investment from LVMH Luxury and Others

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

mm

Published

on

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!”

Advertisement

SPONSORED VIDEO

Celebrate Your Retirement with Wilkerson

For nearly three decades, Suzanne and Tom Arnold ran a successful business at Facets Fine Jewelry in Arlington, Va. But the time came when the Arnolds wanted to do some of the things you put off while you’ve got a business to run. “We decided it was time to retire,” says Suzanne, who claims the couple knew how to open a store, how to run a store but “didn’t know how to close a store.” So, they hired Wilkerson to do it for them. When she called, Suzanne says Wilkerson offered every option for the sale she could have hoped for. Better still, “the sale exceeded our financial goals like crazy,” she says. And customers came, not only to take advantage of the going-out-of-business buys and mark-downs, but to wish a bon voyage to the beloved proprietors of a neighborhood institution. “People were celebrating our retirement, and that was so special,” says says.

Promoted Headlines

Most Popular