Diamond Foundry: Growing conflict-free, eco-friendly diamonds in a lab
- USA
- 7 min read
- Jun 29, 2021
- By Gareth Gardiner Jones
Ring with lab-grown diamond auctioned off for over $250,000 © Diamond Foundry
The world’s first lab-grown diamond producer certified carbon-neutral, Diamond Foundry became a unicorn recently with a $200m investment from Fidelity, adding to earlier funding from tech billionaires
Several companies are growing lab-made diamonds, including the world's leader in mined diamonds, De Beers, but 8-year old California-based startup Diamond Foundry is not only making diamonds in the lab in just 2–3 weeks, but it was also the first to produce pure lab-grown diamond at the same scale as a mine and the first to be certified carbon-neutral.
The startup has raised a total of $315m in investments to date. It was recently valued at $1.8bn, following a $200m cash injection in March by personal investment giant Fidelity, money that it will use to scale up production capacity to...
The startup has raised a total of $315m in investments to date. It was recently valued at $1.8bn, following a $200m cash injection in March by personal investment giant Fidelity, money that it will use to scale up production capacity to...
The rest of the content is only available if you are logged in.
We pride ourselves on the accuracy of our information and reporting. Please help us by letting us know of any incomplete or inaccurate information on our website.
IN THIS INSIGHT
MOST VIEWED
RECOMMENDED