Dholakia Lab-Grown Diamond and Fenix Diamonds jointly acquire Lusix, an Israeli producer of lab-grown diamonds. The company, founded in 2016 by Benny Landa, specializes in lab-grown diamond innovation. The acquisition is valued at $4 million.
Lusix, a lab-grown diamond company, has been acquired by two unnamed companies in a combined deal valued at $4 million. The transaction marks a shift in ownership for the startup, which specializes in producing synthetic gemstones. Details on the buyers or future plans remain undisclosed.
Israel’s synthetic diamond company **Lusix** seeks a six-week court stay to finalize a merger after accumulating **$28 million in debt**. Shareholders plan to inject **$22 million** post-merger, though the company has previously raised over **$150 million** in total funding. The move follows financial strain despite prior capital raises.
LUSIX, an Israeli diamond grower specializing in high-quality synthetic diamonds, has become a founding member of the LGD in TECH consortium. The group focuses on expanding lab-grown diamond applications in advanced electronics. This partnership strengthens the consortium’s industry presence and accelerates technological adoption of lab-grown diamonds.
