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 jewellery and manufacturing.
Audiatec uses CVD (chemical vapor deposition) to create diamonds in monocrystalline form on disks.
“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 synthesising diamond reliably and over a large area. We are therefore looking forward to working together and further developing the process for synthesising diamond.”
Diamond Foundry is based in California and in 2021 was valued at $US1.8 billion.