Archive

  • Zvi Yehuda, one of the founders of the Israeli diamond industry, owner of Yehuda Diamond Company and the inventor of numerous products for the diamond trade, died Saturday at 86. He is best known for his contributions to the Israeli diamond sector by introducing the concept of selling back diamond dust to cutters and polishers for use in grinding, at only 16 years of age. Later this innovation translated into industrial diamond dust sales internationally.

  • Israel-based Lusix, producer of lab-grown diamonds completed an investment round of US$90m, and counts LVMH Luxury Ventures as one of its newly onboarded investors. The company will use the money to expand its production capacity later this year. In a Q&A with JCK News, industry analyst Paul Zimnisky discusses LGD trends, saying LGD prices have been dropping significantly lately as supply is booming. A 1.5ct for example dropped from US$3,500 to US$3,000, Zimnisky noted.