Leonardo DiCaprio bets on Lab-grown Diamonds

Originally posted Nov. 12, 2015

Leonardo Dicaprio, along with 10 Silicon Valley billionaires, has just upped the ante for Lab-grown Diamonds in the $100 Bn Diamond Industry by proudly investing in a California based startup, Diamond Foundry.

Diamond Foundry was founded (in 2012) with the goal of reinventing the diamond industry from “mine to finger” by setting a new standard for social and environmental good. According to its Crunchbase profile, the company, “cultures diamonds in California with a zero carbon footprint and offers diamond jewelry from independent designers”. After three years of research, a team of MIT, Stanford, and Princeton engineers led by the founder and CEO, Martin Roscheisen, pioneered growing diamonds over a diamond seed, atom by atom through a plasma-based culturing process (known as Chemical Vapour Deposition process). Interestingly, Martin Roscheisen was in the same Ph.D. program at Stanford as Google’s Larry Page and Sergey Brin.

Diamond Foundry is not the first company to use the technique, known as chemical vapor deposition, to grow diamonds. Earlier this year, IIa Technologies inaugurated its 200,000 square feet Diamond Growing Greenhouse in Singapore which grew 300,000 carats of diamonds in 2014.

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