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

9 stories about Lusix
עו"ד שי בר ניר

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.
מוסף שבועי 26.9.19 בני לנדא במפעל Lusix ב רחובות

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. 
בני לנדא

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.
בני לנדא גידול יהלומים מוסף כלכליסט

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.
בני לנדא גידול יהלומים מוסף כלכליסט

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
מוסף שבועי 12.5.22 בני לנדא

“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
מוסף שבועי 26.9.19 בני לנדא במפעל Lusix ב רחובות

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
בני לנדא גידול יהלומים מוסף כלכליסט

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”