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Solitario Secures $3.6 Million in Pre-IPO Funding to Accelerate Growth

The lab-grown diamond brand plans to expand its retail presence, enhance branding, and diversify its product offerings with the new capital

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Solitario, a lab-grown diamond jewelry brand co-founded by Ricky Vasandani and actor Vivek Oberoi, has raised $3.6 million in pre-IPO funding, valuing the company at approximately $18.3 million. The investment round saw participation from high-profile investors, including Neeraj Gupta, Seema Manish Nuwal, and several ultra-high-net-worth individuals.

The funds will be used to expand Solitario’s retail network, both in India and internationally, as well as to strengthen its branding, marketing initiatives, and product portfolio. The company also plans to enhance its manufacturing capabilities to keep up with growing demand.

Founded in 2023, Solitario specializes in sustainable and eco-conscious diamond jewelry, offering a range of products including necklaces, rings, earrings, bracelets, and pendants. The company has quickly established a presence in the market, reporting revenue growth from Rs 24.3 crore in FY 2023 to Rs 52 crore in FY 2024.

Solitario currently operates 18 stores across 10 major cities in India, along with 38 outlets in international locations such as Dubai, Malaysia, and Spain. The company runs a 30,000 sq. ft. manufacturing facility in Surat, which employs over 300 people.

 

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DiamondBuzz

Indian Stars Shine Brightest At Met Gala 2026: NDC

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The Met Gala has always been fashion’s most theatrical stage, but in 2026, it was the jewellery that bridged the gap between global glamour and Indian heritage. Natural diamonds commanded the red carpet with quiet authority, as Indian craftsmanship and heirloom treasures took centre stage alongside the world’s most iconic names.

From the royal Polki of Jaipur and the Ambani family’s historic stones to record-setting Chopard and Tiffany creations, the evening celebrated India’s growing influence on the world stage. It wasn’t just a display of staggering beauty; it was a testament to the earth’s most enduring treasures being reimagined by a new generation. Here are the standout natural diamond moments, where heritage met high fashion, that you need to see.

Isha Ambani

Isha M. Ambani Wore Lorraine Schwartz and Her Family’s Heirloom Jewellery to the Met Gala 2026

Indian heiress Isha Ambani dropped jaws and turned heads at the Met Gala 2026, wearing the most incredible diamond jewellery. She wore a custom-made Lorraine Schwartz choker, featuring massive natural diamonds and a 50-carat Colombian emerald.

With three more rows of huge round-cut diamonds, Ambani wore her own family’s heirloom diamonds. She sported shoulder-scraping diamond chandelier earrings, an assortment of diamond cocktail rings, and a diamond-and-emerald brooch pinned to her bust. She said on the red carpet that she was wearing a “blouse full of my mother’s jewellery.”

Ananya Birla

Ananya Birla Wore Mehta & Sons Jewellery to the Met Gala 2026

Stepping onto the red carpet for her Met Gala debut, Ananya Birla wore a custom Robert Wun creation, paired with a sculptural stainless-steel mask designed by artist Subodh Gupta

She accessorised with statement diamond jewellery from Mehta & Sons, layered with personal pieces that added just the right amount of sparkle. The look styled by Rhea Kapoor was kept deliberately minimal in hair and makeup to allow the sculptural mask and diamonds to take centre stage. 

Gauravi Kumari

Princess Gauravi Kumari Wore Heritage Jaipur Diamonds to the Met Gala 2026

For her Met Gala 2026 debut, Princess Gauravi Kumari’s gown by Prabal Gurung was crafted using an original pink chiffon sari once worn by her grandmother, Maharani Gayatri Devi. 

Layered pearl necklaces drawn from The Gem Palace, Jaipur cascaded down the torso, recalling Maharani Gayatri Devi’s signature aesthetic. A kundan choker with a statement pendant anchored the look, complemented by heritage bangles and carefully chosen rings. The pearls were paired with uncut diamonds and rubies and finished with ear chains and stacked bangles for a regal final touch. 

Natasha Poonawala

Natasha Poonawalla Wore Diamond Drop Earrings to the Met Gala 2026

Natasha Poonawalla completed her Met Gala 2026 look, a sculpted orchid by Marc Quinn paired with a Dolce & Gabbana gown with a striking mismatched pair of shoulder-grazing diamond drop earrings: a single round brilliant on one side, and a cascading chandelier of round, emerald-cut, heart-shaped and pear-cut diamonds on the other proving that diamonds remain the most powerful punctuation on fashion’s biggest night.  

Sawai Padmanabh Singh

Sawai Padmanabh Singh Wore Heritage Jaipur Polki & Jadau to the Met Gala 2026 

For his Met Gala 2026 debut, the Maharaja of Jaipur, Sawai Padmanabh Singh fondly known as Pacho turned to Jaipur’s centuries-old jewellery traditions to complete his look. 

The jewellery framed a deeply personal ensemble: a Phulghar coat developed with Prabal Gurung and realised in Jaipur by Yash and Ashima Tholia and their team constructed in deep velvet, quilted with cotton, and completed over more than 600 hours of aari and zardozi embroidery, finished with dabka and resham. At the back, a mirror sun motif drawn from the Sri Niwas at the City Palace ties the look to Pacho’s Suryavanshi lineage, revealing itself only when he turns. 

Commenting on the Indian looks at the Met Gala –

Sushma Chhajer, Founder, SHRUTI SUSHMA said:

“At the Met Gala this year, what stood out was not just the presence of natural diamonds, but the quiet authority they carried. Natural diamonds have always been a universal language of luxury, but when interpreted through an Indian design lens, they gain a deeper narrative- one rooted in heritage, emotion, and individuality.

This was evident in how Isha Ambani approached jewellery as legacy in motion, layering heirlooms with couture, while Natasha Poonawalla leaned into bold diamond statements that led the entire look. Gauravi Kumari redefined pearls with a more directional, layered approach, and Sudha Reddy treated jewellery as an extension of the garment itself, draping it as form and structure.

 Indian craftsmanship brings an inherent intimacy to jewellery, every piece feels lived-in, almost like an heirloom from the moment it is created. What we’re seeing now is a shift where heirlooms are no longer about the past alone, but about continuity, pieces that hold meaning today and evolve with the wearer.

This moment signals something significant: Indian design is no longer adapting to the global stage, it is defining it, with natural diamonds at the centre of that expression.”

Vishal Kothari, Founder & Designer, VAK commented:

“The influence of Indian design language at the Met Gala signals a broader return to heritage and craftsmanship. Natural diamonds, which have long been part of India’s cultural identity, are now being reinterpreted in a more global, contemporary context.  

This shift will likely reflect back into the Indian market — driving a greater appreciation for design-led, individual expressions of natural diamonds.”

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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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