Revolutionizing India’s CVD Diamond Jewellery Industry
Limelight Lab Grown Diamonds Ltd., the vanguard of India’s CVD diamond jewellery revolution, announces a groundbreaking milestone with a strategic investment of US$1 million. This investment, elevating the company’s valuation to INR 340 Crore, marks a pivotal moment in the journey of Limelight as it gears up for extensive brand and store expansion plans.
Renewed Vigor and Determination
Mrs. Pooja Sheth Madhavan, the Founder of Limelight, expresses her excitement about this milestone, emphasizing the overwhelming response and support received for LGD jewellery nationwide. With burgeoning sales and the government’s focus on this burgeoning sector, the investment bolsters Limelight’s ambition to scale its presence globally, catapulting India’s CVD diamonds into the limelight.
Strategic Alliances Fuel Growth
Previously, Limelight secured investments from industry giant, the Emerald Group, forging a strategic alliance to manufacture, sell, and distribute LGD studded jewellery globally. This recent investment, akin to a strategic play, accelerates the brand’s store expansion across India, reaffirming industry confidence in the LGD sector and Limelight’s innovative approach.
Pioneering Sustainable Luxury
Founded in 2019, Limelight has emerged as India’s premier sustainable luxury jewellery brand, offering lab-grown diamond studded jewellery. Boasting a rapid growth trajectory, the brand boasts a widespread presence with over 10 stores and 40+ shop-in-shops across 25+ cities, including Mumbai, Delhi, and Kolkata.
Exponential Growth and Confidence
In FY24, Limelight recorded gross sales exceeding INR 80 Crores, marking a remarkable 230% increase from the previous year. Branded sales tripled year-on-year, instilling confidence in the company to expand its retail footprint and directly engage with customers.
Limelight Lab Grown Diamonds Ltd.’s strategic investment sets the stage for an exciting chapter in India’s jewellery landscape, propelling sustainable luxury to the forefront of global markets.
