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Bakul Limbasiya Receives Prestigious APO National Award for LGD Pioneering

The founder of Bhathwari Technologies has been honored for his transformative role in establishing India’s lab-grown diamond industry and driving national productivity.

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Bakul Limbasiya, founder of Bhathwari Technologies, has been conferred the APO National Award, one of India’s highest honors for leadership and innovation. Administered by the National Productivity Council under the DPIIT, the award recognizes Limbasiya’s decades-long commitment to the lab-grown diamond (LGD) sector.

A true pioneer, Limbasiya produced India’s first lab-grown diamond in 2004 and has since turned Surat-based Bhathwari Technologies into a global leader in CVD diamond reactors. His work has not only strengthened India’s “Atmanirbhar Bharat” vision but also created a robust, integrated ecosystem through strategic investments in brands like Limelight Diamonds.

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India’s Consul General to Dubai, Shri V V Reddy, Interacts with BDB Committee

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  • Visit gives CG greater insights into diamond trade and import-export operations
  • BDB Committee Highlights Close Ties between Diamond Industries in UAE and India

The Hon’ble Consul General of India to Dubai, Shri Vishnu Vardhan Reddy, visited the Bharat Diamond Bourse (BDB) complex on July 24, and after being shown around the complex, engaged with members of the Bourse Committee.

The visit enabled the Consul General to gather better insights into the functioning of the diamond trade and the operations within the Bourse. He also observed the smooth functioning of import-export trade in diamonds between the two countries, facilitated by the PCCCC run by Indian Customs within the complex.

The UAE is one of India’s most significant trading partners in the field of diamonds and jewellery. Bilateral trade between the two countries reached US$33.51 billion in FY2025-26.

In addition to a tour of the complex to understand the complete cycle from the import of rough diamonds to the export of polished diamonds, Shri Vishnu Vardhan Reddy also spent time interacting with Mehul Shah, Vice President, BDB, and other Committee members.

The BDB Committee highlighted the close connections between diamond companies in Mumbai and those in Dubai, as well as the regular interactions between the two centres. They thanked Shri Vishnu Vardhan Reddy for the cooperation they have always received from the Indian Embassy and expressed confidence that this visit would further streamline the movement of import-export parcels between the two countries.

Shri Vishnu Vardhan Reddy appreciated the global standards of the infrastructure and systems within the Bharat Diamond Bourse, as well as the professionalism with which the import-export trade operates. He assured the BDB Committee of the continued support of the officials at the Indian Embassy in the UAE.

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