Editor
LVMH Luxury Ventures, the French luxury conglomerate’s private equity arm, has acquired a stake in Israeli lab-grown diamond start-up Lusix alongside other investors in a $90 million funding round.
The bet by luxury’s biggest company, whose “Ventures” subsidiary recently invested in Aimé Leon Dore and Heat, comes as the diamond industry seeks to respond to concerns about the ethics and sustainability of mining virgin materials. While…
