Diamond Foundry: Growing conflict-free, eco-friendly diamonds in a lab

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...

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Edited by Fock Siu Ling, Selva Kumar

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