India’s lab-grown diamond sector has received a major recognition after Bakul Limbasiya, founder of Bhathwari Technologies, was conferred the APO National Award. The honour marks individual contribution to productivity, innovation and leadership, while also marking the growing importance of India’s lab-grown diamond industry in manufacturing, exports and technology-led growth.
About the Award
The APO National Award is instituted by the Asian Productivity Organization and administered in India by the National Productivity Council under the Department for Promotion of Industry and Internal Trade. It is regarded as one of the highest recognitions for advancing productivity and competitiveness across sectors. The award has previously recognised notable industrial and social leaders, reflecting its prestige in India’s development landscape.
Who is Bakul Limbasiya?
Bakul Limbasiya has been associated with the global lab-grown diamond sector since 1998. He is credited with producing India’s first lab-grown diamond in 2004. His work helped build a technology-driven ecosystem for diamond growth and processing in India. He has contributed to improving productivity standards, promoting responsible practices and strengthening India’s position as a global hub for lab-grown diamonds.
Significance for the Lab-Grown Diamond Industry
The recognition is important beyond an individual achievement. It signals wider acceptance of lab-grown diamonds as a strategic industrial segment. The sector is increasingly linked to:
- Employment generation.
- Export growth.
- Innovation in advanced manufacturing.
- Sustainable alternatives to mined diamonds.
The award also aligns with India’s Atmanirbhar Bharat vision by supporting domestic capability in high-value manufacturing.
Bhathwari Technologies and Industry Role
Bhathwari Technologies Pvt. Ltd., based in Surat, manufactures CVD diamond reactors and related technologies for the lab-grown diamond industry. The company develops CVD plasma systems used in diamond production and has invested in Limelight Diamonds, a lab-grown diamond jewellery brand. Its role reflects the growing integration of technology, production and branding in India’s emerging diamond ecosystem.
Last Modified: April 27, 2026