Lab grown diamond jewellery brand Limelight Diamonds has raised RS 275 crore in a strategic funding round led by its promoters, the Bhathwari Group, with participation from strategic partners in the jewellery industry and several franchise partners.
The company said the funding, raised through a combination of equity and cash consideration, will be used to strengthen vertical integration, expand manufacturing infrastructure, enhance design and innovation capabilities, and accelerate retail expansion across India.
Limelight Diamonds said it plans to expand its retail footprint through both company-owned and franchise-operated stores, with a target of adding 100 stores in 2026 and scaling up to 200 stores by 2027.
Commenting on the fundraise, Pooja Madhavan, founder and managing director, Limelight Diamonds, said, “This funding round is a strong validation of Limelight’s vision and the growing potential of the lab grown diamond industry in India. 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.”
The company said the investment comes amid growing consumer demand for lab grown diamonds, driven by evolving consumer preferences, value-conscious luxury consumption, sustainability considerations and increasing acceptance among younger buyers.
Headquartered in Mumbai, Limelight Diamonds currently operates more than 75 exclusive brand outlets across over 45 cities. The company said it will continue to invest in manufacturing, retail expansion and product development as it scales its business.
BSC Advisors acted as the financial advisor to Limelight Diamonds for the transaction.
