PRESS RELEASE: De Beers Group announces intention to close Lightbox business
Underpins De Beers Group’s commitment to natural diamonds. Element Six to retain exclusive focus on industrial applications for synthetic diamonds. De Beers Group today announces its intention to close its lab-grown diamond (“LGD”) jewellery brand, Lightbox, reinforcing De Beers Group’s commitment to natural diamonds in the jewellery sector. As part of the closure process, De Beers Group is discussing the sale of certain assets, including inventory, with potential buyers. Lightbox, which was established in 2018, has highlighted that LGDs are a distinct product from natural diamonds, with different attributes and different value. The business was launched with transparent linear pricing