India's lab-grown diamond industry shines with $26.4 million boost in 2025
India's lab-grown diamond sector pulled in $26.4 million across nine startups this year—a big leap from last year's $4.7 million across eight startups.
The market, now valued at well over $300 million, is projected to expand to about $1.5 billion in the next three to five years, showing just how much interest is growing among both shoppers and investors.
Limelight eyes major retail expansion
Limelight, a homegrown brand co-founded by Pooja Madhavan and backed by Shilpa Shetty, is aiming to raise $20 million with Ambit Capital appointed to raise the funds.
Their goal? To open 100 stores nationwide and build a stronger brand presence through partnerships with top private equity funds.
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Aukera secured $15 million from Peak XV Partners, while Giva got ₹530 crore from Creaegis—signaling strong investor confidence all around.
Chemical vapor deposition (CVD) tech is making high-quality diamonds more accessible.
Lab-grown diamond jewelry is especially popular with millennials and Gen Z thanks to its affordability and easy customization options.