Key Highlights
- Limelight Diamonds currently operates 75+ exclusive stores across 45+ cities in India.
- Limelight Diamonds has raised ₹275 crore in a strategic funding round.
- The investment will strengthen manufacturing, vertical integration and design capabilities.
- The company plans to add 100 stores in 2026 and expand to 200 stores by 2027.
- The funding round was led by the Bhathwari Group with participation from strategic industry partners and franchisees.
- The expansion aligns with the Government of India’s “Make in India” vision by promoting domestic manufacturing.
India’s lab-grown diamond jewellery sector received a significant boost as Limelight Diamonds announced the successful completion of a ₹275 crore strategic funding round. The investment will support the company’s plans to strengthen manufacturing capabilities, expand its retail footprint and enhance product innovation as it accelerates growth across the country.
The funding round was led by the company’s core promoters, the Bhathwari Group, along with participation from strategic partners across the jewellery industry. Several franchise partners also participated in the round, reflecting confidence in Limelight Diamonds’ long-term business strategy and the growing potential of India’s lab-grown diamond market.
According to the company, the newly raised capital will be deployed towards strengthening vertical integration, expanding manufacturing infrastructure, enhancing design and innovation capabilities and supporting aggressive retail expansion across metro cities, Tier I and emerging Tier II markets.
The announcement comes at a time when India’s lab-grown diamond industry continues to gain momentum, driven by increasing consumer awareness, evolving buying preferences, sustainability considerations and growing acceptance among younger consumers. The company believes the sector is well positioned to support the Government of India’s “Make in India” vision by strengthening domestic manufacturing and reducing import dependency.
Commenting on the milestone, Pooja Madhavan, Founder & MD, said:
“This funding round is a strong validation of Limelight’s vision and the growing potential of the lab grown diamond industry in India. At a time when Hon’ble Prime Minister’s ‘Make in India’ vision is driving focus towards domestic manufacturing and global competitiveness, we believe lab grown diamonds present a significant opportunity for India to lead a new-age luxury category globally. This investment will help us strengthen Indian manufacturing, accelerate retail expansion, and build a world-class brand from India for the world.”
Limelight Diamonds confirmed that its retail expansion plans remain on track, with a target of adding 100 new stores during 2026 and expanding to 200 stores by 2027 through a combination of company-owned and franchise-operated outlets.
The company stated that the fresh capital will also strengthen vertically integrated operations, improve manufacturing efficiency and accelerate innovation across its jewellery collections as it continues to expand its presence in India’s fast-growing lab-grown diamond segment.
BSC Advisors acted as the financial advisor for the strategic funding round.
Currently, Limelight Diamonds operates more than 75 exclusive brand outlets across over 45 cities, making it one of India’s largest dedicated lab-grown diamond jewellery retail networks.
