Shilpa Shetty-Backed Limelight Diamonds Raises ₹275 Crore

Limelight Diamonds has raised ₹275 crore to expand manufacturing, drive innovation and accelerate retail growth, with plans to grow its network to 200 stores by 2027.
Shilpa Shetty-Backed Limelight Diamonds Raises ₹275 Crore
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Limelight Diamonds has announced the successful closure of a ₹275 crore strategic funding round, backed by its core promoters, the Bhathwari Group, alongside participation from strategic partners within the jewellery industry and its franchise network.

The investment is set to fuel the brand's next phase of growth, with plans to strengthen its manufacturing capabilities, deepen vertical integration, expand design and product innovation, and support a wider retail footprint across the country.

Headquartered in Mumbai, Limelight Diamonds currently operates more than 75 exclusive stores across over 45 cities. The company is preparing for an aggressive expansion in 2026, with plans to open 100 additional stores, taking its total network to 200 locations by 2027.

The expansion reflects the company's long-term strategy to strengthen its presence in India's evolving lab-grown diamond jewellery market while making its collections accessible to a larger customer base.

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