RAPAPORT… De Beers subsidiary Element Six has started work on its new
$94 million lab-grown-diamond facility just outside Portland, Oregon.
The factory will manufacture synthetic diamonds exclusively
for De Beers’ new fashion-jewelry brand, Lightbox Jewelry. The groundbreaking
ceremony took place Wednesday, Lightbox said.
De Beers expects to complete the 60,000-square-foot facility
by August 2019, with production beginning in 2020. The facility will have the capacity
to produce more than 500,000 carats of rough lab-grown diamonds per year. It
will complement Element Six’s existing manufacturing center in Ascot, UK.
De Beers Begins Building $94M Synthetics Center
The Bottom Line
- Element Six is building a 60,000-square-foot synthetic diamond factory near Portland, Oregon, expected to be completed by August 2019.
- The facility will produce over 500,000 carats of rough lab-grown diamonds annually, starting production in 2020.
- This new plant will support De Beers’ Lightbox Jewelry brand and complement Element Six’s existing UK manufacturing center.
More Stories
AGTA Elects New Board Members
The four incoming directors will start their term in February 2027.
Signet Sales Slide in Second Quarter
Revenue down 0.5% year on year to $1.53 billion for the period.
Phillips Names New Jewelry Specialist in Italy
Gaia Maffioli brings 15 years of experience to the role.
