News Desk, News Nation 360 : The company that started India's revolution in CVD diamond jewellery, Limelight Lab Grown Diamonds Ltd., has announced a historic agreement with industry players to strategically invest US$1 million, raising the company's valuation to INR 340 Crore. With the help of a strategic alliance and the recently raised funds, Limelight will be able to expand its brand recognition throughout the nation and open new stores. Since its founding in 2019, Limelight has grown to become India's biggest sustainable luxury jewellery brand, specialising in jewellery
with lab-grown diamonds. The brand has grown quickly over the past two years and now has the largest distribution network for LGD jewellery in the nation, with more than 10 stores (EBOs) and 40 shop-in-shops located in more than 25 cities, including Bangalore, Hyderabad, Mumbai, Delhi, Jaipur, Chennai, Kolkata and Varanasi. Commenting on the milestone, Pooja Sheth Madhavan, Founder of the Company, said that they are excited to start this new chapter of their journey with a fresh sense of purpose and resolve. Customers all over the nation have responded incredibly well to their LGD jewellery and have shown their support. Their sales have increased as a result, and it has greatly increased their confidence to grow more quickly. With the government's encouragement and emphasis on this emerging market, the investment helped them get closer to realise their aspirational objectives of growing both domestically and internationally and putting India and its own CVD diamond firmly in the "Limelight".
Pic - Courtesy
