Mumbai, India | 29 April 2026: Dholakia Lab Grown Diamond Private Limited (DLGD) today announced it has raised over ₹800 crore led by Abakkus PE, alongside ICICI Ventures IAF5, Amal Parikh and other marquee investors. UBS acted as exclusive advisor in this fundraise. This marks as one of the largest growth-stage investments in India’s lab-grown diamond sector.

The capital will be deployed to accelerate the company’s next phase of growth. Key priorities include scaling lab-grown diamond production, strengthening working capital and the rollout of a pan-India physical retail network. In parallel, the company shall advance its work in precision single-crystal diamonds for high-value applications across optical, quantum and thermal domains, addressing the evolving needs of the defence, semiconductor, and deep-tech sectors.

Dholakia Lab Grown Diamonds Factory

DLGD is the lab-grown diamond jewellery arm of the Hari Krishna Group, founded by Savji Dholakia, Ghanshyam Dholakia, Himmat Dholakia, and Tulsi Dholakia. With over 33 years of experience, the Group is one of India's leading names in the diamond industry and is well-positioned to create greater impact while continuing to give back through the Dholakia Foundation. DLGD is also among the earliest global adopters of lab-grown diamonds, having........

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