Page 46 - Diamond Digest :: May June 2023

One of world’s leading jewellery manufacturer Emerald Group picks up equity stake in Limelight Diamonds as part of a strategic alliance to manufacture & distribute CVD diamond studded jewellery globally
As an extension of an existing strategic tie-up between both the Groups, Emerald picked up an equity stake in Limelight Diamonds with an objective of establishing Limelight as a vertically integrated brand and jointly manufacture, sell and distribute lab grown CVD diamond studded jewellery in India and international markets. The terms of deal remain undisclosed.
Emerald Jewel Industry has been one of the world’s largest jewellery manufacturers with manufacturing capacities of 48 tons of gold, 50,000 carats of diamonds, 600 kgs of platinum and 70 tons of silver based jewellery annually. On the other hand, Limelight Lab Grown Diamonds Limited, is India’s largest D2C luxury brand in CVD diamond studded jewellery and is backed by the world’s leading
46 • Diamond Digest • May - June • 2023