– This is part of a strategic alliance to fabricate & distribute CVD diamond studded jewelry globally.
MUMBAI, India, Might 19, 2023 /PRNewswire/ — As an extension of an current strategic tie-up between each the Teams, Emerald picked up an fairness stake in Limelight Diamonds with an goal of creating Limelight as a vertically built-in model and collectively manufacture, promote and distribute lab grown CVD diamond studded jewelry in India and worldwide markets. The phrases of deal stay undisclosed.
Emerald Jewel Trade has been one of many world’s largest jewelry producers with manufacturing capacities of 48 tons of gold, 50,000 carats of diamonds, 600 kgs of platinum and 70 tons of silver based mostly jewelry yearly. Alternatively, Limelight Lab Grown Diamonds Restricted, is India’s largest D2C luxurious model in CVD diamond studded jewelry and is backed by the world’s main producer of lab grown CVD diamonds – the Bhathwari Group that boasts of an annual manufacturing of 5 million carats of CVD tough diamonds yearly, almost 30% of India’s general CVD diamond manufacturing.
This alliance shall allow Limelight to leverage Emerald’s 38 years of expertise in jewelry designing & manufacturing alongside a devoted manufacturing setup, entry to a variety of prepared design financial institution of jewelry and entry to their community of 300+ distributors and 20,000+ retailers. This coupled with Limelight’s personal energy of offering a constant provide and purest high quality Kind IIa diamonds will enable Limelight to supply an enormous vary of the most effective end jewelry from India to the world.
“The aim is to fabricate and distribute finest end lab grown CVD diamond jewelry. With the energy of our manufacturing, ending and market distribution along with Limelight’s energy of giant CVD diamond manufacturing, I’m assured that our clients will have the ability to benefit from this as a brand new and incremental enterprise alternative,” says Mr. Okay Srinivasan, Chairman and MD, Emerald Jewel Trade India Ltd.
“Consciousness on lab grown diamonds is spreading quick in India. The distinctive & unbiased character of lab grown diamonds as a sustainable & environmentally pleasant but reasonably priced gemstone is extraordinarily nicely accepted within the millennial shoppers and is more and more reflecting within the gross sales of lab grown diamond studded jewelry throughout India. With this three way partnership, our intention is to introduce distinctive by no means seen earlier than designs in the most effective end and additional strengthen the model’s penetration of LGD jewelry in India in addition to globally,” says Mrs. Pooja Sheth Madhavan, MD & Founding father of Limelight Lab Grown Diamonds.
Each firms are very excited and optimistic as this partnership will enable them to drive much more affect throughout the globe by making CVD diamond studded jewelry obtainable. This alliance, will show to be a sport changer in the best way the jewelry business perceives the wants of its clients and the way it caters to the market. With this collaboration, each corporations are poised to exceed all expectations.
About Limelight Diamonds:
Began in 2019, Limelight Lab Grown Diamonds Ltd has been India’s main sustainable diamond luxurious model providing lab-grown CVD diamond-studded jewelry. Headquartered in Mumbai, Limelight has been in a position to unfold its wings in India with a community of over 65+ companions in cities like Hyderabad, Bangalore, Chennai, Kolkata, Delhi, Surat, Mumbai, and so on. Backed by the world’s largest lab-grown diamond manufacturing unit that boasts of tough diamond manufacturing of over 5 million carats annually, we include the energy of a variety of jewelry for our clients.
About Emerald Group
Emerald Jewellery India Restricted is the results of one man’s dream and never-ending exhausting work to develop into ‘World’s Largest Jewellery Producer’ from scratch. Means again in 1984, founder Okay.Srinivasan began EJIIL in Coimbatore to fulfill the calls for of India’s market that was simply asserting itself and discovering it is place as an economic system. Quickly adapting to rising know-how and good innovation helped Emerald propel itself to the highest the place it sits proper now, as one of many World’s Main Producers. At present, EJIIL boasts a whopping variety of distinctive designs –extra of 500,000, a broad diversification know-how used, a 5000 member plus devoted workforce, 15 unique showrooms throughout numerous states in India (with many extra to return), 82 distributors all around the nation, and design facilities in Coimbatore, Mumbai, Delhi and Dubai – and remains to be rising.
SOURCE Limelight CVD Diamonds