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True Diamond Secures ₹26 Crore in Pre-Series a Funding to Fuel Omnichannel Expansion

Led by India Quotient, the funding round will accelerate offline growth and support True Diamond’s mission to redefine lab-grown diamond jewellery retail.

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Lab-grown diamond jewellery brand True Diamond has raised ₹26 crore ($3 million) in a pre-Series A funding round led by venture capital firm India Quotient, with participation from existing investors Titan Capital Winners Fund and Huddle Ventures.

The fresh capital will be used to fast-track True Diamond’s omnichannel growth strategy, with a focus on expanding its physical retail presence. The brand already operates stores in Mumbai, Hyderabad, and Noida, and aims to establish outlets across other metro cities in the near future.

Founded in early 2024 by Parin Shah and Darayus Mehta, True Diamond offers a wide range of products including rings, earrings, pendants, necklaces, mangalsutras, bracelets, and tennis bracelets — all crafted with high-quality lab-grown diamonds.

Parin Shah

Parin Shah, founder of True Diamond, shared the vision behind the brand: “We never wanted to be just another jewellery brand. We’re building a next-gen brand experience, through high-quality lab-grown diamonds, cutting-edge content, and a retail journey that breaks away from the conventional. This round gives us the ability to scale this vision faster.”

Sahil Makkar of India Quotient added: “We see immense potential in the lab-grown diamond and gold combination as a category within the massive jewellery market. Under the leadership of Parin and Darayus, we’ve observed True Diamond evolving into an aspirational omnichannel retailer within this segment, and we are thrilled to be a partner in this journey.”

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National News

GIVA to raise Rs 450 cr in Series C round led by Creaegis

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Omnichannel jewellery startup Giva is gearing up to raise ₹450 crore (approximately $53 million) in its latest Series C funding round. The round is led by Creaegis Capital, with participation from prominent investors including Premji Invest, Epiq Capital, Edelweiss Discovery Fund, and Usha Dalmia Trust.

The funds raised will primarily be used to support Giva’s operational needs, such as: Expanding hiring-Marketing campaigns-General corporate expenses-Other business plan initiatives.

In addition to equity funding, Giva secured ₹30 crore in debt financing from Alteria Capital, as revealed in a separate filing. The company has also expanded its Employee Stock Option Plan (ESOP) by adding 15,853 equity shares worth ₹41 crore, increasing the total ESOP pool value to ₹203 crore ($24 million).

As per Entrackr, the valuation of Giva stood at ~₹3,950 crore ($465 million), reflecting a doubling in value from its previous funding round of ₹255 crore.

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National News

GJEPC to Attend Angola Ministerial Summit on Natural Diamond Promotion

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GJEPC announced its active participation in the upcoming Ministerial Summit on Natural Diamond Promotion to be held on 18 June in Luanda, Angola. Representing India at the summit will be Mr. Shaunak Parikh, Vice Chairman, GJEPC and Mr. Sabyasachi Ray, Executive Director, GJEPC.

This high-level gathering will include participation from global industry leaders representing the global natural diamond value chain including mining major De Beers. The initiative seeks to engage a new generation of consumers by reinforcing the ethical sourcing, natural origin, and socio-economic contributions of diamonds to producing nations and communities.

The summit is organised by Angola’s Ministry of Mineral Resources, Petroleum and Gas (MIREMPET), and will host ministers from Botswana, South Africa, Namibia, Lesotho, Sierra Leone, and the Democratic Republic of Congo (DRC), along with industry bodies like GJEPC, DMCC, AWDC and other international associations.

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National News

ISGJ Unveils its Refreshed Identity, Launches New Logo

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The International School of Gems & Jewellery (ISGJ), India’s premier institute dedicated to gems, jewellery and allied business education, proudly unveils its refreshed identity through the launch of a new logo. This bold rebranding marks a significant milestone in ISGJ’s journey as it continues to redefine the future of jewellery education in India and beyond.

Founded with the vision to empower the next generation of jewellery designers, gemologists, and business professionals, ISGJ has built a reputation for excellence in education, industry-relevant training, and innovation. Over the years, it has nurtured talent that now shines across global jewellery markets.

The new ISGJ logo, a regal red and gold shield bearing a geometrically crafted gem at its heart, represents the institution’s commitment to brilliance, tradition, and forward-thinking. The laurel wreath surrounding the emblem evokes honour, prestige and achievement, values that remain at the core of ISGJ’s mission.

“This rebranding is not just about a visual shift; it represents a deeper evolution of ISGJ’s identity.” says Mr. Kalpesh Desai, Founder & Chairman, International School of Gems & Jewellery. “We are blending tradition with innovation, staying rooted in the artistry of the past while embracing the tools, technologies and perspectives of tomorrow.”

With this rebranding, ISGJ is excited to announce:

  • New-Age Programs: Alongside its existing industry-acclaimed courses in jewellery design, gemmology, and business management, ISGJ will introduce new programs focusing on digital jewellery design, luxury branding, jewellery retail technology and international trade practices.
  • Global Industry Integration: Expanded collaborations with global jewellery houses, exhibitions, internships and virtual learning platforms.
  • Revamped Learning Environment: A revitalized campus experience enhanced virtual labs and one-on-one mentoring from industry leaders.
  • Job & Career Centre Expansion: Greater emphasis on career placements and global job opportunities through ISGJ’s dedicated career cell.

The launch of the new logo and rebranding reflects ISGJ’s renewed promise to foster innovation, excellence and a global perspective in every aspiring jewellery professional.

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