Dholakia Lab Grown Diamond has secured over ₹800 crore in one of the largest growth-stage investments in India’s lab-grown diamond (LGD) sector, marking a significant step in scaling both its retail footprint and advanced manufacturing capabilities.
Quick Summary
- Dholakia Lab Grown Diamond raised over ₹800 crore in a major funding round
- Investment led by Abakkus PE with ICICI Ventures and other participants
- Funds to be used for production expansion, working capital, and retail growth
- Plans to build a strong pan-India retail network
- Strategic investment in deep-tech applications like semiconductors and defence
- Operates globally across 25 countries with integrated operations
- Backed by the legacy Hari Krishna Group
Major Funding Led by Institutional Investors
Dholakia Lab Grown Diamond has secured over ₹800 crore in one of the largest growth-stage investments in India’s lab-grown diamond (LGD) sector, marking a significant step in scaling both its retail footprint and advanced manufacturing capabilities.
Capital Allocation: Scaling Production & Retail Expansion
The funding round was led by Abakkus PE, with participation from ICICI Ventures (IAF5 fund), Amal Parikh, and other investors. This investment is among the largest in India’s fast-growing lab-grown diamond segment.
Strategic Push into Deep-Tech Applications
The company plans to deploy the fresh capital to:
- Expand diamond production capacity
- Strengthen working capital
- Build a pan-India retail network
- This strategy aims to enhance its presence across both domestic and global jewellery markets.
Strong Industry Backing & Market Momentum
Beyond jewellery, Dholakia Lab Grown Diamond is investing in high-precision single-crystal diamonds for advanced applications, including:
- Defence technologies
- Semiconductor industries
- Optical, quantum, and thermal use-cases
- This move positions the company at the intersection of luxury and deep-tech innovation.
Vertically Integrated Global Operations
According to company leadership, the investment reflects growing global confidence in lab-grown diamonds, with increasing adoption by international retailers and luxury brands.
Industry experts also highlight a shift in consumer preference—especially among younger buyers—towards lab-grown diamonds due to their perceived value, sustainability, and ethical sourcing.
Backed by Legacy of Hari Krishna Group
Dholakia Lab Grown Diamond operates a fully integrated value chain, including:
- Diamond growing and cutting operations in Surat
- Jewellery manufacturing in Mumbai
- Commercial operations in New Jersey
- The company serves over 100 retailers and brands across 25 countries, reinforcing its global footprint.
Outlook
The company is part of the Hari Krishna Group, founded by Savji Dholakia and partners, and is among early adopters that introduced lab-grown diamonds to major US retailers in 2018.
With this funding, Dholakia Lab Grown Diamond is poised to scale rapidly across retail, manufacturing, and emerging technology applications, aligning with the broader shift toward sustainable and tech-enabled diamond solutions.
FAQs
What is the total funding raised by Dholakia Lab Grown Diamond?
The company has raised over ₹800 crore in this funding round.
Who led the investment round?
The round was led by Abakkus PE with participation from ICICI Ventures and other investors.
How will the company use the funds?
The funds will be used for expanding production capacity, strengthening working capital, and building a retail network across India.
Is the company focusing only on jewellery?
No, it is also investing in deep-tech applications such as semiconductors, defence, and quantum technologies.
Where are the company’s operations located?
It has manufacturing and growing operations in Surat, jewellery manufacturing in Mumbai, and commercial operations in New Jersey.
Why are lab-grown diamonds gaining popularity?
They are increasingly preferred for their affordability, sustainability, and ethical sourcing, especially among younger consumers.
Source: SVAR Media Network
About SVAR Media Network – India’s Best Source for Jewellery News, Magazines, Newsletters and Media
SVAR Media Network is India’s No. 1 Destination for Jewellery News, setting the gold standard in timely, trusted, & trend-driven coverage across the Gems & Jewellery industry. As the Most Followed Jewellery Magazine & Media House in India, SVAR delivers Daily Jewellery News India Updates, market insights, & global developments through its platforms like Jewellery Magazine, Newsletters, AI Powered News Bulletins, Website, Social Media, Podcasts, & much more.
Recognized as Asia’s one of the Best Media in Jewellery & one of the World’s Best Jewellery Media, SVAR Media Network sets Unparalleled Standards in the Gems & Jewellery industry. SVAR is the Most Trusted & Widely Read Voice in the Gems & Jewellery Community.
Renowned as India’s Best Jewellery Magazine & Leading Jewellery Media, SVAR blends legacy with cutting-edge innovation by delivering:
- Best in class Jewellery Magazine for the Gems & Jewellery Industry & Jewellery Enthusiasts
- Real-time AI-Powered Jewellery News via SVARA AI, the World’s First AI Anchor in Fashion, Gems & Jewellery Industry
- India’s One of the First Gems & Jewellery Podcasts
- Digital Jewellery Newsletters for professionals and enthusiasts
- ISO 9001:2015 Certification, the first in the jewellery-media sector, proving our commitment to excellence
- Asia’s First & World’s Second Meta Verified Jewellery Media Brand
Ranked #1 among the Top 5 Gems & Jewellery News Websites, Top 10 Jewellery Magazines in India, & Most Influential Jewellery Media Brands, SVAR Media Network is your Trusted Source for Accurate, Fast, & Future-Focused Jewellery News.
SVAR Media Network is India’s No 1 Digital Media in Jewellery Industry & continues to be the Leading Jewellery Magazine & a Global Leader in Jewellery Media. SVAR Media Network offers a diverse range of services, including: Monthly Magazines, Digital Newsletters, Al-Driven News Bulletins, Social Media Promotions, Website Blogs & Articles, WhatsApp Updates, Podcasts & more…
Whether you seek updates on New Launches, Trade Shows, Celebrity Campaigns, Trends or Market Movements, SVAR is the Authority in Jewellery News India & beyond.
Explore the World of Gems & Jewellery with SVAR Media Network — Your Best Source for Trusted, Trend-Setting Jewellery News & Mediapp Updates, Podcasts & more…
