Founded in 2016 by Benny Landa, Lusix has been a trailblazer in the sector, with over $152 million invested in pioneering technologies to date.
The acquisition, approved by Judge Irit Weinberg Nusowitz of the Central District Court in Lod, followed a competitive bidding process. The court favoured the joint bid for its commitment to preserving Lusix's workforce and aligning with the company's longterm growth objectives. Fenix and Dholakia will split Lusix's production, ensuring continuity in operations under confidential terms.
Dit verhaal komt uit de November - December 2024 editie van Diamond World.
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Dit verhaal komt uit de November - December 2024 editie van Diamond World.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Al abonnee? Inloggen
HOW THE LUXURY SEGMENT IS DEFYING PRICE VOLATILITY
De Beers's and Alrosa's recent price cuts reflect market pressures, but for those willing to adapt, they open the door for innovation and strategic recalibration. Luxury houses such as Cartier and Van Cleef & Arpels exemplify how maintaining pricing integrity and creative expansion can transform challenges into long-term success, finds out Anjana Vaswani
JJS 2024 A Grand Confluence of Heritage and Craftsmanship
This year's Jaipur Jewellery Show (JJS) drew a multitude of global buyers and exhibitors, transforming Jaipur into a dynamic stage that celebrated both the enduring artistry of tradition, and the innovative strides shaping the future of jewellery
India's CBIC Introduces Regulations for Lab-Grown Diamonds: Manufacturing Method Disclosure Required for Trade
Starting December 1, the Central Board of Indirect Taxes & Customs (CBIC) will require all exporters and importers to specify the manufacturing method of grown diamonds during customs declarations, aiming to streamline the processing and inspection of lab-grown diamond consignments.
THE CASE FOR A G7-COMPLIANT DIAMOND VERIFICATION CENTRE IN INDIA
India, the global leader in diamond cutting and polishing, faces mounting challenges due to G7 traceability demands requiring verification through Belgium (Antwerp) and Botswana. Establishing a G7-compliant diamond verification centre in India would streamline operations, reduce costs, and protect the livelihood of millions in the sector, while reinforcing the nation's leadership in the global diamond trade
Diamonds Do Good to Allocate Over $250,000 in Grants for 2025 Initiatives, Including New Programme in India
Diamonds Do Good (DDG), the nonprofit dedicated to supporting positive change in diamond mining and manufacturing communities, has announced it will distribute more than $250,000 in grants in 2025.
A Future Built on Design and Service
By prioritizing storytelling, thoughtful market expansion, and digital adaptability, brands can build lasting connections with customers, while staying resilient in the face of industry fluctuations, says Marin Flavia, Business Development Manager of the European division of Nivoda.
Facets of Fire Unveils New Marquise and Pear-Shaped Natural Diamonds with Revolutionary Sparkle
Facets of Fire has introduced two new diamond shapes to its lineup of natural diamonds: the marquise and the pear.
Aga Khan Emerald Sets World Record, Fetches $9 Million at Auction
The Aga Khan Emerald, set in a Cartier brooch adorned with 20 marquise-cut diamonds, holds a storied past.
NDC Unveils 'Diamonds of Canada' Report, Showcasing Sustainable Practices and Community Benefits
The Natural Diamond Council (NDC) has unveiled its latest report, 'Diamonds of Canada', as part of its ongoing efforts to highlight the responsible practices and positive global impact of the natural diamond industry.
Fabergé Unveils Exclusive 'Beetlejuice Beetlejuice' Egg in Collaboration with Tim Burton
Fabergé has announced an extraordinary collaboration with filmmaker Tim Burton to create a one-ofa-kind 'Fabergé x Beetlejuice Beetlejuice' Egg Objet, inspired by Warner Bros's 'Beetlejuice Beetlejuice.'
