Diamond company opening facility in Gresham, producing synthetic diamonds

Image: De Beers Group

A diamond company has announced plans to build a $94 million dollar facility in Gresham to make synthetic diamonds.

Diamond Mining Company “De Beers Group” is launching a company to produce lab-grown diamonds at an affordable price.

The line called “Lightbox Jewelry” will sell quarter-carat stones for $200 dollars and one-carat stones at $800 dollars.

They plan to start making diamonds at the new facility by 2020.

The facility is expected to produce more than 500,000 carats of diamonds each year.

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