Funding · Commerce & Consumer Brands

Limelight Diamonds raises Rs 275 crore from Bhathwari Group

What they do

Limelight Diamonds sells lab-grown diamond jewellery through over 75 stores across India

The company raised Rs 275 crore in a strategic funding round led by core promoter Bhathwari Group

Funds will expand manufacturing and add 100 new stores to reach 200 locations by 2027

Limelight Diamonds completed a strategic funding round in July 2026.
The company raised Rs 275 crore through equity and cash consideration.
Bhathwari Group, the core promoters, led the investment round.
Key strategic partners and franchise partners from the jewellery industry participated.
BSC Advisors acted as the financial advisor for the transaction.
The funds support vertical integration and manufacturing infrastructure expansion.
The company plans to enhance design capabilities and accelerate nationwide retail growth.
This is the latest development for the lab-grown diamond jewellery brand.

Lab-grown diamonds align with India's 'Make in India' vision.
Domestic manufacturing capabilities support the growing sustainable luxury market.
Consumer acceptance of sustainable alternatives to mined diamonds is rising.

Limelight Diamonds specializes in CVD lab-grown diamond jewellery products.
The product range includes solitaire collections and everyday fine jewellery.
The brand offers bridal jewellery and contemporary statement pieces.
It positions itself as a sustainable alternative to mined diamonds.
The company operates over 75 exclusive brand stores across India.
Its retail network covers more than 45 cities nationwide.
Limelight claims to have the widest retail network for lab-grown diamonds in India.
The business model mixes company-owned and franchise-operated stores.
Founders focus on exceptional brilliance, purity, and contemporary design.