Mumbai: Dholakia Lab Grown Diamond (DLGD) has secured funding of over Rs 800 crore, marking a
major milestone for the company and one of the largest investments seen in
India’s lab-grown diamond sector.
The investment round was led by multiple investors,
including Abakkus Four2Eight Opportunities Fund, ICICI Venture’s India
Advantage Fund Series 5, and other marquee backers. The fresh capital is
expected to support the company’s next stage of expansion and strengthen its
position in the fast-growing lab-grown diamond industry.
According to the company, the funds will be used to increase
production capacity, strengthen working capital, and expand its retail presence
across India. DLGD also plans to advance its work in precision single-crystal
diamonds for high-value sectors such as optics, quantum technology, thermal
applications, defence, semiconductors, and deep-tech industries.
Commenting on the development, company leadership
highlighted that the investment reflects growing confidence in the global
future of lab-grown diamonds and validates the company’s long-term vision for
scale and innovation.
Dholakia Lab Grown Diamond is the lab-grown diamond
jewellery arm of the Hari Krishna Group. With manufacturing
operations in Mumbai and international presence in New Jersey, USA, the company
currently serves more than 100 retailers and brands across 25+ countries.
