Element Six – a company controlled by De Beers, the world’s biggest maker of artificial diamonds – has set up a $100m venture fund to promote the use of these materials in areas from artificial hips and knees to electronics and water purification. The Luxembourg-based company plans to use the fund to take minority stakes in new businesses round the world that would exploit the unusual technical characteristics of artificial diamonds.

This entry was posted by Edward Cheng on Monday, July 7th, 2008 at 3:37 and is filed under Capital markets. Tagged with De Beers, Element Six. Edit this entry.