Goldiam International Ltd. has raised ₹202 crore through a Qualified Institutional Placement (QIP) to fast-track its growth plans. The company aims to establish 70-90 ORIGEM stores within the next 18–24 months.
The fundraise will serve as a growth catalyst for ORIGEM, Goldiam's consumer-facing lab-grown diamond (LGD) jewellery brand in India. This will enable an accelerated rollout of 70-90 stores across India over the next 18-24 months. According to the company, this fundraise marks the largest such funding for a lab-grown diamond retail play, nearly double that of its nearest VC-funded competitors. ORIGEM has already launched 6 stores in the last 10 months and has received an encouraging response from customers.
ORIGEM combines Goldiam's expertise in supplying fine jewellery to leading U.S. retailers with a design-first approach tailored to Indian consumers. The brand differentiates itself through cost leadership and contemporary designs inspired by its global bestsellers. ORIGEM offers a customer-first experience with ring builders, customization tools, and lifetime exchange & return policies, with all products certified by third-party grading labs.
Goldiam's export business continues to deliver consistent growth, supported by its expanding presence in new markets such as the Middle East, Israel, and Australia. The business is de-risked from the recent U.S. tariff announcements on diamond jewellery due to its ability to pre-manufacture raw gold castings in the US directly.
With margins upwards of 20% and a steady growth trajectory, the export segment provides a high-margin, resilient foundation that enables Goldiam to aggressively scale its B2C retail venture, ORIGEM.
Goldiam has a strong track record of rewarding shareholders, having distributed close to ₹200 crore through dividends and buybacks in the past five years. With a debt-free balance sheet, the company is well-positioned to pursue aggressive growth while continuing to maintain attractive shareholder payouts.
On a consolidated basis, Goldiam expects to deliver 15-20% growth in both sales and profitability this year, driven by its dual growth engines: a resilient global B2B business and a fast-scaling Indian B2C retail presence.
Website: www.goldiam.com
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