CHENNAI, DEC 25
Surat-based Limelight Diamonds, one of the India’s largest lab grown diamond brand, has announced opening its first store in Chennai and 23rd across India on Wednesday. The new store signifies the rapid expansion of the Brand’s retail footprint as it strengthens the Brand’s presence in Chennai’s prominent market.
The store was inaugurated by Actress Nikkii Galrani Pinisetty who added a touch of glamour and charm in the presence of the Brand’s Co-founder, Mr. Nirav Bhatt along with regional partners, Mr. V Sreenivasan, Mr. K Krishnamurthy and Mr. V Udayakumar.
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The fast-growing lab grown diamond jewellery Brand aims to open 7 additional stores before year-end to cater to the increasing demand of LGD jewellery in the country, will scale up to 100 stores by the end of next year: Brand’s Co-founder, Nirav Bhatt
Lavishly spread across an area of 900+ sq. ft., the new store boasts an exquisite collection of solitaire necklaces, bracelets, rings and earrings that perfectly blend new-age technology and traditional fine jewellery, establishing itself as the ultimate solitaire destination. In the last two years, the Brand has seen rapid growth and has the widest reach in the country for (Lab Grown Diamond) LGD jewellery with a presence across 35+ cities including Mumbai, Kolkata, Delhi, Jaipur, Varanasi, Hyderabad, Rajkot, Bangalore, Chennai etc.
On the sidelines of the inauguration of the store, Brand’s Co-founder, Nirav Bhatt said, ‘The fast-growing lab grown diamond jewellery Brand aims to open 7 additional stores before year-end to cater to the increasing demand of LGD jewellery in the country, will scale up to 100 stores by the end of next year end
Admiring the Brand’s collection, popular Actress, Nikkii Galrani Pinisetty said, “I am simply in awe of the store and the concept of lab grown diamonds. They are made in India and I think every Indian woman will take pride in wearing these diamonds. The best part, their solitaire range is classy with the bold elegance of modern design crafted with the latest technology. They are truly a bigger and bolder upgrade. I congratulate team Limelight for bringing this interesting concept of lab grown diamonds in Chennai and wish them the very best.”
The store’s retail design seamlessly reflects the brand’s ethos of elegance, modernity, sustainability, and luxury. Inside, the brand illustrates a clean and minimalistic decor that radiates the beauty of their lab grown diamond jewellery. Shoppers will enjoy an immersive experience, with a never-seen-before range of solitaire designs that are not only beautiful & elegant but also wearable. Additionally, the Brand’s customer services include design customisation, lifetime buyback, and a 100% exchange guarantee along with value-protected complementary jewellery insurance and more, which further instills trust and confidence in the consumers visiting the store.
Expressing her excitement in a statement, Pooja Sheth Madhavan, Founder & MD of Limelight Diamonds said, “Having received such fantastic customer response for our brand, it brings me great joy and pride to open up our latest store in Chennai. The city is a cultural hub that effortlessly blends ancient tradition with modern influences, perfectly complementing Limelight’s vision of combining tradition with modern luxury as we establish our presence here. Like all other cities, we hope to garner just as much appreciation for the premium quality, make and designs of our jewellery from our customers here as well. The cherry on the top is the affordable price points, of course!”
She further adds the growth in LGD industry, “The LGD industry in India is seeing a 15-20% year on year growth owing to rising acceptance of the product amongst consumers. Awareness of the LGDs has significantly increased & almost every customer walking into our store is aware that lab diamonds are absolutely real as they are also made of carbon & identical to mined diamonds. Given that they are the same but LGDs are more affordable as they save up on the heavy mining costs that are incurred in natural ones, consumers are considering upgrading their jewellery experience with lab grown diamonds. Maintaining the same budgets, LGDs serve as the perfect upgrade for all the people who would love to move from small diamond studded jewellery to solitaires as well as who choose to spend their money wisely. Over and above, buyback and exchange opportunities by brands like Limelight ensure that the value of the branded product is locked and protected to enjoy their bling and at the same time, be conscious of their choice.”
Regional partner of Limelight, Mr. V Sreenivasan of ARK DIA, said, “We are extremely thrilled about our first association with Limelight Diamonds. We have witnessed exponential demand for lab grown diamonds in the recent years and see a lot of potential for this category. Hence, we cannot wait to present the best of lab grown diamond designs to all our customers in Chennai.”
The growing awareness and acceptance of lab grown diamonds is undoubtedly disrupting the traditional gem and jewellery industry. With the recent entry of the Tata Group into the lab grown diamond space, consumer confidence in these sustainable and ethical alternatives has received a significant boost.
Furthermore, lab grown diamond jewellery brands are now offering attractive buyback and exchange schemes, reinforcing trust and driving consumer adoption. Today, lab grown diamonds account for an estimated 20% of the global gem and jewellery market, and India is experiencing an impressive 15% annual growth in this sector.
The strength of the Brand is not only validated in the store presence across the country but also reflected in the consumer pick-up and response in sales. The branded sales have tripled year on year resulting in a boost in the Company’s confidence to directly engage with customers and expand its retail presence. With the growing market presence, the Brand continues to strengthen its customer base, offering them an exquisite range of never-seen-before solitaire diamond jewellery.
