DAUMET develops advanced gold alloys by partially substituting gold with tungsten, enabling the creation of 18-carat white gold and reducing the need for traditional mining. This technology addresses the scarcity of precious metals and the environmental impact of mining by aiming to save approximately 100 tons of gold annually by 2030.
Funding
$1.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The increasing scarcity of gold and other precious metals, combined with the environmental impact of traditional mining practices, poses a challenge for industries that rely on these materials. The need for sustainable alternatives is growing as environmental and social concerns intensify.
Solution
Daumet develops advanced gold alloys by substituting a portion of the gold content with tungsten, reducing the overall demand for mined gold. This approach allows for the creation of 18-carat white gold and other novel gold materials with enhanced properties. By reducing the reliance on traditional mining, Daumet's technology helps to mitigate the environmental and social issues associated with precious metal extraction, enabling clients to meet their corporate social responsibility goals through innovative materials sourcing. The company's materials science breakthrough offers a precious and responsible solution for various applications.
Target Audience
Daumet's primary customers are in the luxury goods sector, including high-end jewelry, leather goods, and watchmaking companies seeking sustainable and innovative material solutions.
Features
- Patented gold-tungsten alloys that reduce the need for mined gold, palladium, and rhodium.
- 18K whitest gold alternative to rhodium finishes with enhanced durability.
- Customizable gold shades and "Living Gold" options for unique design applications.
- Materials suitable for high-end costume jewelry, luxury leather goods, and luxury watchmaking.
- Enables clients to reduce their environmental footprint and meet CSR commitments.