Connect with us


Lusix Gets $90M Investment from LVMH Luxury and Others

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




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!”



Time for More “Me Time”? Time to Call Wilkerson

Rick White, owner of White’s & Co. Jewelry in Rogers, Ark., knew it was time to retire. Since the age of 18, jewelry had been his life. Now it was time to get that “me time” every retailer dreams about. So, he chose Wilkerson to manage his going-out-of-business sale. White says he’d done plenty of sales on his own, but this was different. “Wilkerson has been a very, very good experience. I’ve had the best salespeople in the history of jewelry,” he says. “I recommend Wilkerson because they are really the icon of the jewelry business and going-out-of-business sales. They’ve been doing it for decades. I just think they’re the best.”

Promoted Headlines

Most Popular