Ethereal Green Diamond

What Ethereal Green Diamond does

Ethereal Green Diamond is a Mumbai-headquartered lab-grown diamond manufacturer and global supplier operating as a private Limited Liability Partnership (Ethereal Green Diamond LLP). The company produces certified lab-grown diamonds using Chemical Vapor Deposition (CVD) and High Pressure High Temperature (HPHT) growth processes, with automated monitoring throughout the 3-4 week growth cycle to ensure quality consistency. Its product range spans 0.01 to 35 carats in eight standard cuts (Round, Princess, Oval, Marquise, Baguette, Trilliant, Cushion, Emerald) plus custom shapes, with all stones certified by IGI or GIA and produced exclusively as Type IIa diamonds — the purest crystalline form.

The company's premium product line, The OPTICA Series, features three proprietary patented cuts (Stelo with 91 facets, Rozo with 56 facets, Floro with 77 facets) developed over more than 30 years of R&D in collaboration with industry pioneer Kishor Virani (Maldar) and Japanese master cutter Hiroyuki Koganei, and protected by an international patent. Ethereal operates a B2B distribution model through an authenticated web portal and iOS/Android mobile application, with owned sales offices in six countries — India (headquarters at Bharat Diamond Bourse, Bandra Kurla Complex), the United States (New York), Hong Kong, Belgium, Taiwan, and Bangkok — serving jewelry manufacturers, retailers, and wholesale buyers. The company maintains a shop inventory of 20,000+ IGI/GIA-certified stones and derives revenue from one-time wholesale transactions on certified lab-grown diamonds and bespoke custom-cut manufacturing services; pricing is quote-based and not publicly disclosed.

Name

Ethereal Green Diamond

Legal name

Ethereal Green Diamond LLP

Website

https://etherealdiamond.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Ethereal Green Diamond is a Mumbai-headquartered lab-grown diamond manufacturer that produces CVD and HPHT-grown, IGI/GIA-certified stones ranging from 0.01 to 35 carats, including the patented OPTICA Series, and sells them wholesale through authenticated portals and offices in six countries to global jewelry manufacturers and retailers.

Ownership category

akta.pro rank

Product category

Lab-Grown Diamonds

NAICS

All Other Miscellaneous Nonmetallic Mineral Product Manufacturing (327999)

SIC

Jewelry, Precious Metal (3911), Wholesale-Jewelry, Watches, Precious Stones & Metals (5094)

akta.pro primary industry

Synthetic/Lab-Grown Diamonds & Gemstones (Manufacturing & Trading) (CRAKAJAM)

Keywords

• Lab grown diamonds
• CVD diamond manufacturing
• HPHT diamond production
• Wholesale diamond supply
• Certified diamond export

Headquarters

HQ city

Bandra

HQ country

India

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Technology or R&D, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

1. Lab-Grown Diamond Sales: Direct sale of lab-grown diamonds to jewelers, retailers, and manufacturers. Products range from 0.01cts to 35 carats in standard shapes and custom cuts. All diamonds certified by IGI or GIA. Primary revenue from wholesale transactions through authenticated inventory portal.
2. Custom Diamond Manufacturing: Bespoke diamond manufacturing services where customers can order custom-shaped diamonds as per their requirements. Part of the customized cut offering.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Ethereal Green Diamond manufactures and globally supplies lab-grown diamonds produced via CVD (Chemical Vapor Deposition) and HPHT (High Pressure High Temperature) processes. The company offers certified diamonds in sizes from 0.01 carats to 35 carats, in standard shapes as well as bespoke custom cuts, and operates a B2B inventory portal serving jewelers, retailers, and manufacturers.

Product overview

Ethereal Green Diamond is a manufacturer and global supplier of lab-grown diamonds headquartered in India with a legacy of 4 decades. The company operates a State of Art Factory using high-tech machinery and master craftsmen. Its core product portfolio consists of certified lab-grown diamonds in standard shapes (Round, Princess, Oval, Marquise, Baguette/Tapper, Trilliant, Cushion, Emerald) ranging from 0.01 to 35 carats, produced via CVD and HPHT processes and certified by IGI/GIA. The premium product line, The OPTICA Series, features three proprietary patented cuts (Stelo, Rozo, Floro) with unique optical properties. The company also offers a mobile app for inventory access with 360-degree viewing and custom diamond cutting services.

Differentiator

Problem solved

Functional benefit

Brands

• The OPTICA Series: A series of exclusive diamond cuts featuring patented symmetrical optical patterns with original double optical patterns. Includes three distinct cuts: The Optica Stelo (91 facets, star-shaped), The Optica Rozo (56 facets, rose cut), and The Optica Floro (77 facets, floral-inspired). Each cut is IGI certified and fully protected by international patent.

Products and services

• Lab Grown Diamonds (Standard Shapes) Certified lab-grown diamonds in standard shapes produced via CVD and HPHT processes, ranging from 0.01 to 35 carats and supplied to jewelers, retailers, and manufacturers through the B2B inventory portal.
• The OPTICA Series A premium line of lab-grown diamonds featuring three proprietary internationally patented cuts: The Optica Stelo (91 facets, star-shaped), The Optica Rozo (56 facets, rose cut), and The Optica Floro (77 facets, floral-inspired). Each stone is IGI certified and graded with Sarine Light report. Targeted at jewelers, retailers, and manufacturers seeking differentiated cuts.
• Customised Diamond Cuts Bespoke diamond cutting and manufacturing service that allows customers (jewelers, retailers, manufacturers) to order diamonds in any custom shape according to their specific requirements, beyond the standard shape catalog.

Quantifiable outcome

• All Ethereal diamonds are Type IIa (purest form) compared to only 2% of mined diamonds
• +1 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Kishor Virani (Maldar)coreStrategic or Co-development PartnerIndustry pioneer collaborating with Ethereal Green Diamond to create The OPTICA Series. Led the design team in developing patented diamond cuts with unique optical properties.
• Hiroyuki KoganeicoreStrategic or Co-development PartnerJapanese master cutter leading the design team for The OPTICA Series. Brought expertise in precision diamond cutting to create the innovative cuts.
• IGI (International Gemological Institute)coreTechnology or IntegrationDiamond certification partner. All OPTICA Series diamonds are IGI certified. Company inventory features IGI-certified lab-grown diamonds.
• GIA (Gemological Institute of America)coreTechnology or IntegrationDiamond certification partner. Company inventory features GIA-certified lab-grown diamonds alongside IGI certifications.
• Stripe (Shopify Payments)minorOthersPayment processing service for e-commerce transactions on the website.
• PayPalminorOthersPayment processing option for customer transactions.
• Google AnalyticsminorOthersWeb analytics service used to track and monitor website traffic and customer behavior.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• MiaDonna: Lab-grown diamond and jewelry company emphasizing ethical and sustainable sourcing. Comparable as a lab-grown diamond supplier targeting the same ethical-consumer positioning that Ethereal markets around conflict-free origin.
• Eco Lab-Grown Diamonds: India-based lab-grown diamond manufacturer serving B2B jewelry customers with certified CVD diamonds. Comparable as a Surat-headquartered peer targeting the same global wholesale jewelry manufacturer segment.
• Diamond Foundry: Venture-backed CVD lab-grown diamond producer with proprietary production technology and global brand presence. Comparable as a CVD diamond manufacturer targeting premium jewelry and bridal segments with vertically integrated brand strategy.
• Chatham Created Gems: Established US-based created gemstone and lab-grown diamond producer with decades of heritage. Comparable as a vertically integrated created-diamond manufacturer with B2B and DTC channels and brand-led marketing approach.
• ALTR Created Diamonds: Lab-grown diamond company (formerly grown in India) offering Type IIa CVD/HPHT diamonds with proprietary cuts. Directly comparable due to Type IIa purity positioning, India manufacturing heritage, and B2B distribution to jewelers.
• Bhanderi Lab-Grown Diamonds: India-based lab-grown diamond manufacturer operating from Surat with global B2B distribution. Directly comparable as an Indian CVD/HPHT lab-grown diamond producer targeting wholesale jewelry manufacturers with certified inventory.
• WD Lab Grown Diamonds: US-headquartered lab-grown diamond manufacturer offering CVD-grown certified diamonds through B2B channels. Directly comparable as a manufacturer of loose lab-grown diamonds serving jewelry brands and retailers with similar product breadth.
• New Diamond Era: Lab-grown diamond manufacturer and supplier with India origins and global distribution. Comparable as a B2B-focused CVD/HPHT diamond producer serving jewelry manufacturers and retailers.

Broad incumbents

• Lightbox Jewelry: De Beers-owned lab-grown diamond jewelry brand selling finished jewelry products. Comparable as a major lab-grown diamond industry player with established brand presence, though operating a retail/jewelry model rather than Ethereal's loose-diamond B2B wholesale model.

Emerging players

• Vrai: Diamond Foundry-owned direct-to-consumer lab-grown diamond jewelry brand. Comparable as a vertically integrated lab-grown diamond player reaching end consumers through branded jewelry, representing the downstream channel Ethereal's wholesale customers compete against.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/EGD.TW
• LinkedInlinkedin.com/company/ethereal-green-diamond
• Instagraminstagram.com/etherealdiamonds_

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ethereal Green Diamond