Diamond Foundry
 | |
| Private | |
| Industry | Diamonds |
| Founded | 2015 |
| Founders | Martin Roscheisen, Jeremy Scholz, and Kyle Gazay |
| Products | Diamonds |
| Website |
www |
Diamond Foundry is a California-based diamond producer.
History
Diamond Foundry was founded by Martin Roscheisen, Jeremy Scholz, and Kyle Gazay, a team of engineers who previously worked at Nanosolar. The company began developing its technology in 2012 and launched to the public in November 2015. Initial investors included Mark & Alison Pincus, Jean Pigozzi, Evan Williams, Andreas Bechtolsheim, Andy Yung,[1] Shi Zhengrong, Andrew McCollum, Owen Van Natta, Ziyavudin Magomedov, Jeff Skoll, Scott Banister, Guy Oseary, Sheikh Mohammed of a UAE emirate, Obvious Ventures, Vast Ventures and Leonardo DiCaprio. By late 2015, the company had raised below $100 million.[2][3][4]
Technology
The company’s technology is able to produce a diamond within a period of two weeks,[5] at the same cost as mining a diamond of equivalent quality from the ground. According to the New York Times, “The process begins with a very thin slice of natural diamond as a substrate and then increases the size of the original diamond material by adding more layers of carbon atoms.”[6] The diamonds are grown in chemical reactors that reach 8000 degrees Celsius,[7] using a plasma-based culturing process.[8] The result of the process is a IIa quality gemstone,[9] which can be grown to up to 9 carats in size.[10]
Online marketplace
The company also runs an online marketplace for diamond jewelry as well as wholesale purchasers in the industrial and scientific fields.[2] The marketplace includes jewelry pieces from independent jewelry designers.[11]
References
- ↑ "Yung family finds there is life after Citic". South China Morning Post. 19 October 2014.
- 1 2 "Borrowing From Solar and Chip Tech to Make Diamonds Faster and Cheaper". New York Times.
- ↑ Alyson Shontell. "10 billionaires and Leonardo DiCaprio invested in a startup that claims it can grow diamonds in 2 weeks". Business Insider Australia.
- ↑ Fox News Insider. "Leo Invests in Startup 'Growing' Diamonds in a Lab". Fox News Insider.
- ↑ Claire Brownell (28 November 2015). "A diamond is forever. Demand, not so much: The strange economics behind a rock's worth - Financial Post". Financial Post.
- ↑ "Borrowing From Solar and Chip Tech to Make Diamonds Faster and Cheaper". The New York Times. 12 November 2015.
- ↑ Tanya Lewis, Business Insider (12 November 2015). "Diamonds are forever: Leonardo DiCaprio invested in startup that claims it can 'grow' diamonds". National Post.
- ↑ Catie L'Heureux. "Leonardo DiCaprio Has Diamonds for You". New York Magazine.
- ↑ "Solar cuts it with diamonds". The Hamilton Spectator.
- ↑ "Leo DiCaprio Invests In Company That Grows 'Real' Diamonds". Morning Ledger.
- ↑ "Diamonds Born In Santa Clara". TechCrunch. AOL. 11 November 2015.