2018
Mumbai (India)
Series A
Limelight Lab Grown Diamonds Ltd has rapidly emerged as India’s recognized sustainable luxury diamond brand, specializing in lab-grown CVD (Chemical Vapor Deposition) diamond-studded jewellery. The company operates at the intersection of luxury, sustainability, and technology, serving both domestic and international markets through a network of over 30 exclusive stores and 30 shop-in-shops across 35+ Indian cities. Limelight’s unique value proposition is its vertically integrated model—backed by the world’s largest lab-grown diamond producer (Bhathwari Group) and Asia’s largest jewellery manufacturer (Emerald Group)—enabling unmatched quality, scale, and design innovation.
Lab-Grown Diamond Jewellery: Wide range of IGI and GIA-certified rings, earrings, necklaces, bracelets, and pendants, crafted from pure CVD diamonds.
Custom Design & Bespoke Services: Personalized jewellery design, lifetime repair, and customization for high-value clients.
Sustainable Collections: Exclusive lines using recycled gold, paper-based packaging, and solar-powered production, with a focus on eco-friendly luxury.
Retail & Digital Experience: Omnichannel presence with physical stores, shop-in-shops, and a robust e-commerce platform for seamless customer engagement
Product Sales: Core revenue from direct sales of lab-grown diamond jewellery through exclusive stores, shop-in-shops, and online channels.
Franchise & Retail Partnerships: Franchise model with over 65 partners across major Indian cities, expanding reach and brand presence.
B2B Collaborations: Strategic alliances with jewellery manufacturers and distributors for global market access
Retail Expansion: Aggressive rollout of new stores and shop-in-shops, targeting 50+ exclusive outlets by 2026 (reflecting recent market trends).
Product Innovation: Launch of new sustainable collections, custom design services, and expansion into international markets.
Sustainability Leadership: Continued investment in ESG+ practices, renewable energy, and circularity in materials and packaging.
Regulatory Uncertainty: Evolving standards for lab-grown diamonds, jewellery certification, and sustainability disclosures could impact compliance and costs.
Macroeconomic Volatility: Fluctuations in consumer demand, gold and diamond prices, and global luxury trends may affect growth
$14.7 million
3
$11.0Million, Series A
as of February 4, 2025
$39.8Million
as of February 4, 2025
2.7
as of February 4, 2025
Emerald Jewel Industry India
and 2 more84
Littlebox India
N/A
Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
---|---|---|---|---|---|---|
February 4, 2025 | Series A | $11.0Million | $39.8 Million | - | - | Compact Structure Fund |
March 29, 2024 | Seed | $2.5Million | $44.0Million | $8.5Million | - | Hok Global |
May 12, 2023 | Seed | $1.1Million | $10.8Million | $4.6Million | 2.1x | Emerald Jewel Industry India |