Gemesis downsizes with new building

The recession has drilled a hole through Gemesis, a cultured diamond manufacturer struggling to turn its unique technology into big-ticket success.

The latest punch came last month, when Gemesis moved from a 60,000-square-foot facility in Lakewood Ranch to one nearby that's less than 25,000 square feet. “We are now more adequately sized for our business,” President and CEO Stephen Lux tells Coffee Talk.

Still, the move shines a light on the depths of the economic downturn.