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Lab-Grown Diamond Co. Green Rocks Building Factory in Israel | National Jeweler IndustryTopicsIndependentsMajorsEvents & AwardsPolicies & IssuesCrimeSurveysFinancialsTechnologySupplier BulletinFeatured StoryEU Adds Alrosa to Sanctions ListTrending TopicRetailer Hall of Fame 20235 ArticlesDiamonds & GemsTopicsSourcingGradingLab-GrownFeatured StoryDe Beers’ Rough Diamond Sales Down 37% YOY Trending TopicOctober Diamond Report4 ArticlesStyleTopicsTrendsCollectionsAuctionsWatchesFeatured StoryRolex Fined $100M in France Over Online Sales Ban Trending Topic2023 Holiday Season20 ArticlesOpinionsTopicsEditorsColumnistsFeatured Story12 Quotes to Start 2024 on a Positive NoteTrending TopicDiversity & Inclusion69 ArticlesWebinarsTopicsUpcoming WebinarsRecorded WebinarsFeatured WebinarWhat To Expect in the Jewelry Industry in 2024MagazinesSubscribeLab-GrownLab-Grown Diamond Co. Green Rocks Building Factory in Israel Lab-GrownJun 24, 2021Lab-Grown Diamond Co. Green Rocks Building Factory in Israel The 80,000-square-foot facility will be located just north of Nazareth. Michelle [email protected] Rocks Diamonds is building an 80,000-square-foot diamond-growing and research and development facility in Nof Hagalil, Israel, just north of the holy city of Nazareth. It’s expected to be fully operational by early 2022. Aventura, Florida—Green Rocks Diamonds is building a new production facility for lab-grown diamonds in Israel, the company announced earlier this month. Isrough, the diamond-growing company Israeli diamantaire Ofer Mizrahi started, is funding construction of the facility while Ofer Mizrahi Diamonds is the majority stakeholder in Green Rocks, which sells the diamonds to retailers.  Its new facility is located just north of Nazareth in Nof Hagalil, Israel, and will be 80,000 square feet in size upon completion, with room to expand to 100,000 square feet. Details on the cost of the facility are not being released.  Expected to be fully operational by the first quarter of 2022, the Green Rocks factory will grow and cut “tens of thousands” of carats of “exceptional quality” diamonds per year. Green Rocks said its diamonds are “as grown,” meaning they require no post-growth treatments to enhance their color or clarity, a rarity in the world of man-made diamonds.   Related stories will be right here …  The facility will use renewable sources of energy and is being constructed in order to be SCS-007 compliant upon completion. The 007 is SCS’s sustainability standard for the diamond industry. It’s also being built in a city that is ethnically and religiously diverse but suffers from above-average unemployment rates in Israel. “Sustainability is no longer about doing less harm; it’s about doing more good,” said Leon Peres, CEO of Green Rocks and former vice president of Ofer Mizrahi Diamonds. “It’s about quality of life for everyone.”  The facility will collaborate with academic institutions in the United States, Canada, and Europe to create internship and grant programs for the next generation of diamond scientists, Green Rocks said.Green Rocks has offices in five countries, with headquarters in Aventura, Florida. Retailers in nine countries, including the United States and Canada, carry its lab-grown diamonds.  Editors' Picks1Rolex Fined $100M in France Over Online Sales Ban 2IGI Detects 6-Carat Lab-Grown Diamond With Fake Inscription312 Quotes to Start 2024 on a Positive Note4Amanda’s Style File: New Year Bling5On Data: In December, A Tale of Two Markets  Banner will be right here …  Related StoriesEditorsMay 11, 2021We Need to Change the Way We Talk About Lab-Grown DiamondsLab-GrownApr 19, 2021Lab-Grown Diamond Co. 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Michelle GraffEvents & AwardsJan 04, 2024The Jewelry Symposium Returns For a Second YearFormerly known as the Santa Fe Symposium, the event will take place this summer in Detroit.Lauren McLemoreBrought to you byThe Most Important “C” in Diamonds: Confidence!Without the ability to instill confidence within the industry and directly to the consumer, a diamond holds very little value. CrimeJan 03, 2024Suspect in Queens Jewelry Store Robbery ArrestedThe man is charged in connection with a total of six armed robberies and two gunpoint carjackings.Lenore FedowEvents & AwardsJan 03, 2024IGI Announces Third Annual Jewelry Design ContestThis year’s free competition has new categories and a new theme.Lauren McLemoreColumnistsJan 02, 202412 Quotes to Start 2024 on a Positive NotePeter Smith has picked a dozen of his favorite expressions to help readers start the new year off right. 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