Limelight Diamonds, a lab grown diamond jewellery brand, has raised Rs 275 crore in a strategic funding round led by the company’s core promoters, the Bhathwari Group, along with participation from key strategic partners from the jewellery industry.

The round also saw strong participation from several of the company’s franchise partners.

The brand plans to use the capital, which was raised through a combination of equity and cash consideration, towards strengthening its vertical integration capabilities, expanding manufacturing infrastructure, enhancing design and innovation capabilities, and accelerating retail expansion across India.

Headquartered in Mumbai, Limelight Diamonds specializes in pure CVD lab grown diamonds.

"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," said Pooja Madhavan, Founder & MD of Limelight Diamonds.

Limelight Diamonds also confirmed that its retail expansion plans remain on track, with aggressive growth planned across metro cities, Tier I, and emerging Tier II markets.

The brand aims to significantly increase its national retail footprint over the next phase of growth through a combination of company-owned and franchise-operated stores, with a target of adding 100 stores in 2026 and scaling up to 200 stores by 2027.

BSC Advisors served as the financial advisor to Limelight Lab Grown Diamonds for this strategic fund raise.