Mesoproterozoic lamproite dykes occurring in the Banganapalle Lamproite Field of southern India show extensive hydrothermal alteration, but preserve fresh spinel, apatite and rutile in the groundmass. Spinels belong to three genetic populations. Spinels of the first population, which form crystal cores with overgrowth rims of later spinels, are Al-rich chromites derived from disaggregated mantle peridotite. Spinels of the second population include spongy-textured grains and alteration rims of titanian magnesian aluminous chromites that formed by metasomatic interactions between mantle wall-rocks and precursor lamproite melts before their entrainment into the erupting lamproite magma. Spinels that crystallised directly from the lamproite magma constitute the third population and show five distinct compositional subtypes (spinel-IIIa to IIIe), which represent discrete stages of crystal growth. First stage magmatic spinel (spinel-IIIa) includes continuously zoned macrocrysts of magnesian aluminous chromite, which formed together with Al–Cr-rich phlogopite macrocrysts from an earlier pulse of lamproite magma at mantle depth. Crystallisation of spinel during the other four identified stages occurred during magma emplacement at crustal levels. Titanian magnesian chromites (spinel-IIIb) form either discrete crystals or overgrowth rims on spinel-IIIa cores. Further generations of overgrowth rims comprise titanian magnesian aluminous chromite (spinel-IIIc), magnetite with ulvospinel component (spinel-IIId) and lastly pure magnetite (spinel-IIIe). Abrupt changes of the compositions between successive zones of magmatic spinel indicate either a hiatus in the crystallisation history or co-crystallisation of other groundmass phases, or possibly magma mixing. This study highlights how different textural and compositional populations of spinel provide important insights into the complex evolution of lamproite magmas including clues to elusive precursor metasomatic events that affect cratonic mantle lithosphere.