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Lusix

13 stories about Lusix

Lusix’s $4M acquisition marks end of struggle for Benny Landa’s lab diamond venture

29.10.24|Golan Hazani

Following financial hardships and intense competition, Lusix’s sale brings closure to a saga of survival in the competitive lab diamond market.

בני לנדא יזם איש עסקים ו פילנתרופ ישראלי בן ציון לנדא

Lusix faces collapse after EDP backs out of takeover offer over Israel war risk

08.10.24|Golan Hazani

The debt-ridden diamond company is looking for alternative bidders after the Japanese investor pulled out.

Lusix sale hits a snag: Unfulfilled guarantees and rising bids

06.10.24|Golan Hazani

Investor Naoji Fujimori's bid falters as guarantees remain unpaid and rivals step up.

From $152M in investments to a $2.5M sale: Lusix’s lab-diamond dream comes to a bitter end

30.09.24|Golan Hazani

After losing $65 million in two years, Benny Landa’s lab-grown diamond company is set to be acquired by Japanese firm EDP.

Lusix faces September deadline to secure buyer amid $65 million losses

04.09.24|Golan Hazani

Trustee to explore full or partial sale of Lusix as financial woes deepen.

Lusix lost $65 million as lab-grown diamond prices plummeted

02.09.24|Golan Hazani

Court-appointed trustee considers selling assets or merging to rescue the struggling company. Lusix registered a $551,000 profit in 2021, but has lost $65 million since the beginning of 2022. These losses are primarily due to the aggressive entry of Indian competitors into the laboratory diamond market, which has driven down the price of lab-grown rough diamonds by 90%.

בני לנדא יו"ר קבוצת לנדא לשעבר מייסד אינדיגו

Lusix employees get a reprieve as Landa and shareholders infuse fresh capital

23.08.24|Golan Hazani

The founder apologized for hardships and vowed to prioritize workers' welfare after the synthetic diamond company requested a stay of proceedings due to debts of around $28 million.

The fall of Lusix: Inside the collapse of Israel's synthetic diamond pioneer

19.08.24|Golan Hazani

The company has submitted a request for a stay of proceedings to the court due to debts of about $28 million. According to the company, it needs six weeks to complete a merger with another company, after which shareholders will inject $22 million. Lusix has raised over $150 million to date.

Benny Landa's synthetic diamond company facing insolvency

18.08.24|Golan Hazani

Lusix, a company that manufactures lab-grown diamonds, has informed its creditors of its intention to file for insolvency, after unsuccessfully seeking a $15-million cash injection from shareholders.

Benny Landa’s lab diamond startup Lusix sees valuation crash, raises urgent funding

17.01.24|Almog Azar

The Israeli company has been significantly hit by high interest rates and increased industry competition, resulting in an emergency funding round at a valuation of just $50 million

“When you're in love with someone who has left, you can not bear to see her in the arms of another"

20.06.22|Diana Bahur-Nir

Serial Israeli entrepreneur Benny Landa misses Indigo and his father, and hopes he’ll get to die at work

Lusix raises $90 million for lab-grown diamonds, including from LVMH Luxury Ventures

10.06.22|CTech

The company, founded by legendary entrepreneur Benny Landa, plans to use the investment to expand its production capacity in Israel with a second 100% solar-powered facility

Benny Landa's Lucy in the Sky With Diamonds

04.10.19|Diana Bahur-Nir

The printing multi-millionaire’s newest venture has him cooking diamonds in a central Israel lab, in a process he describes as “alchemy”