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Innovation Diamonds Ltd.

Innovation Diamonds Ltd. is in the Israel Diamond Exchange, also called the “Boursa”, the world’s largest diamond trading complex, and traded on the Israel Stock Exchange. The company is a supplier and one of the main distributors of polished CVD laboratory-created diamonds to a wide range of B2B client types, retailers, and jewelers who trade globally. Moreover, it has the capability to collaborate with clients on customized programs for specific ventures.


Innovation Diamonds Ltd. has made a name for itself in the industry for its commitment to reliability and professionalism. The company has a state-of-the-art diamond polishing and manufacturing facility that is equipped with cutting-edge machinery, digitally operated by highly skilled employees. This capability, together with accurate planning, efficient production methods, and innovative quality control systems, ensures that we deliver a quality raw product that has undergone advanced polishing techniques, to our clients.


Lab-grown diamonds are created by scientists, engineers, and technicians in secure and controlled high-tech above-ground laboratories. Thereafter, skilled cutters in our polishing facilities transform the rough diamonds into brilliant cut gems.

Innovation Diamonds Ltd. conducted extensive market research, studied different polishing and processing techniques, tested raw diamonds from different factories around the world, and evaluated the market response to this new product range. At the end of a long research process, the company decided to go in this direction and signed a long-term contract with the San Francisco-based Diamond Foundry for a supply of raw CVD diamonds.


Diamond Foundry was ranked #2 in Fast Company’s the World's 50 Most Innovative Companies of 2018. It is the certified producer of the world's first 100% carbon-neutral diamond. Diamond Foundry invested hundreds of millions of dollars to develop their proprietary reactor technology that is capable of forming plasma as hot as the sun to produce diamonds that are pure crystalline carbon and with the same density as mined diamonds. The result is a CVD diamond of the highest quality, indiscernible as a non-mined diamond to the untrained eye. These lab-produced diamonds have an additional advantage of contributing to the ecology by leaving a zero-carbon footprint, something that is in line with Innovation Diamonds Ltd.’s work philosophy. Innovation Diamond Ltd. contract with Diamond Foundry guarantees it a supply of rough non-mined diamonds for processing.


Raanan Bouchnik, the founder and CEO of Innovation Diamonds Ltd., has been an entrepreneur and businessman in the diamond and jewelry industry for more than 25 years. He founded his first business, “Rand Pacific Diamonds”, in Tokyo, Japan. The company traded in polished diamonds at the Tokyo Diamond Center. Initially, it specialized in small diamonds, but, over time, grew to offer all sizes, cuts, and clarities, and served well-known jewelry stores in the local market.


In 2008, Raanan expanded his business in the Far East and established another company located in Macau called “Fantasy Diamonds” that specialized in serving high-end private clients and focused on rare fantasy diamonds in different colors and sizes. Raanan has become a world-renowned expert in this field.

In 2010, Raanan established a company under the name “Raanan Bouchnik Diamonds Ltd.” also located at the Boursa. With Raanan’s strong ties to Asia still today, the company has become a significant supplier of small, mined cut and polished diamonds and, in parallel, continues to cultivate relationships with private and boutique clients. Raanan has expanded the company’s business operations to include international markets in the United States, Europe, and Israel.


In addition to processing and marketing mined diamonds, over the last three years, Raanan has been researching lab-grown diamonds. He began researching this field because he believes that lab-grown diamonds are the future of diamonds, both in terms of quality and in terms of the social and environmentally friendly messages they embody. Therefore, he established Innovation Diamonds Ltd.


Innovation Diamonds is committed to and supports:


Ethical practices that make the company’s business eco-friendly.

Since lab-grown diamonds do not impact the sustainability of our environment and the natural resources are thus saved for future generations, we are able to create the highest quality, pure, lab-grown diamonds at the highest standards, while supporting a paradigm shift from mining diamonds to growing eco-friendly diamonds in the lab that are free of the controversies associated with real diamonds.

Preventing the detrimental human and environmental impacts of diamond mining.

This is achieved by, for example, preventing human exploitation or “blood diamonds”, ecological devastation, like contamination of water, soil erosion, and deforestation, or harming wildlife habitats.

Creating the highest quality, pure, lab-grown diamonds.

We stringently researched and vetted our CVD lab-grown diamond supplier to ensure that we get the best raw lab-grown diamonds available in the world. Together with our meticulous polishing and cutting and our carefully thought-out and monitored business practices, you can be guaranteed of the authenticity and the high standard of the diamonds we supply.


Why Choose Innovation Diamonds?


For the quality we provide

We believe in adding value to our clients, so we are constantly expanding our knowledge to ensure the highest quality of our product offerings. The company offers a variety of certified diamonds in different shapes, cuts and clarities, such as round, cushion, heart, marquise, pear, princess, square radiant, emerald, and oval. We also deliver fine makes, excellent cuts, single stones, and the mixed diamond parcel category. The colors of our CVD diamonds range from D to J, and we also offer CVD lab-grown Fancy Colors Diamonds, like pink, blue, yellow and more. 

You get assurance & certification

Innovation Diamonds Ltd.’s lab-grown diamonds are certified by the International Gemological Institute (IGI), the world’s largest independent gemological laboratory. IGI is recognized all around the world as being the top authority for grading, analyzing, and identifying gemstones. Every report that IGI issues specifies the 4 Cs of the diamond and the lab in which it was grown. The IGI report number is finely inscribed using a precise laser beam on the girdle or circumference of the diamond.

Fair trade

You have our guarantee that our company and our facilities follow fair trading practices and the best business and ethical practices, including rigorous self-auditing and transparency, following all labor laws, and respecting the environment.

Having a positive environmental and social impact

The company has always spent some of its profits on Corporate Social Responsibility (CSR) activities, such as enforcing the standards established by the Kimberley Process, adding lab-grown diamonds to our product line, participating in various green environment projects, and making donations to worthy causes, such as to Holocaust survivors.