US based lab-created diamond manufacturer Diamond Foundry has purchased Augsburg Diamond Technology, also known as Audiatec.
Audiatec was established in 2015 and is based in Germany, creating diamond wafers which are used in jewelry and manufacturing.
Audiatec uses CVD (chemical vapor deposition) to create diamonds in monocrystalline form on discs.
“We had a good feeling about a possible cooperation with Diamond Foundry right from the first talks,” said Audiatec CEO Stefan Gsell.
“In the past, with our revolutionary process, we laid the foundation for synthesizing diamond reliably and over a large area. We are therefore looking forward to working together and further developing the process for synthesizing diamond.”
Diamond Foundry is based in California and in 2021 was valued at $US1.8 billion.
More reading
Diamond Foundry announces lawsuit against US Government
New CEO takes reins at Lightbox Jewelry
Lab-created diamond sales reaching new heights in US
