Tag #Diamond Foundry

What is the significance of Diamond Foundry's Spanish lab-grown diamond factory for the global diamond industry and technological advancements?

Diamond Foundry, an American company, opened its first lab-grown diamond factory in Spain's Extremadura region in 2023, producing diamonds for jewelry and industrial applications. The factory, employing 40 engineers, is led by Rebecca Brandis, the Vice President of Diamond Foundry Europe, who oversees all legal matters. Lab-grown diamonds are significantly cheaper than natural diamonds, often costing less than 10 percent.