Lusix

Company Overview

Snapshot

Founded in January 2016 by Benny Landa and Yossi Yayon, Lusix operates with 51–200 employees. The company raised $135 million across two funding rounds from five investors. In October 2024, Lusix was acquired by Fenix Diamonds Belgium B.V.

Business overview

Lusix is a technology-driven producer of lab-grown diamonds, marketed under the brand name Sun Grown Diamonds. The company specializes in growing custom-shaped rough diamonds, including its proprietary Pyramid Diamond, and colored rough diamonds. Lusix is committed to high quality and traceability, with independent sustainability certifications. Its diamonds are grown in Israel in advanced manufacturing facilities, and the company is vertically integrated, from designing and manufacturing its own reactors to large-scale production of premium quality diamonds. Lusix operates within the Industrial Technologies sector, specifically in Material Innovations & Applications, serving the global jewelry market within Consumer Goods.

Strategic signal

In October 2024, Lusix was acquired by Fenix Diamonds Belgium B.V. This acquisition marks a significant turning point for the company, following a period of financial challenges and a trustee exploring sale options. The event signals a resolution to the company's struggles and a new chapter under different ownership, indicating a strategic shift in the lab-grown diamond market.

Company Intelligence Q&A

What was the most significant recent corporate development for Lusix?

In October 2024, Lusix was acquired by Fenix Diamonds Belgium B.V. This acquisition concluded a period of financial difficulties for the lab-grown diamond producer.

What was the total capital raised by Lusix?

Lusix raised a total of $135 million across two funding rounds prior to its acquisition.

What is Lusix's core product?

Lusix produces lab-grown diamonds marketed under the brand name Sun Grown Diamonds, including custom-shaped rough diamonds and colored rough diamonds.

Who are the founders of Lusix?

Lusix was founded by Benny Landa and Yossi Yayon in January 2016.