Goldiam is well poised to ride the increasing consumer preference towards lab grown diamonds (LGD). Goldiam is strengthening export presence by launching new products as well as tapping new geographies. Also, with rapid scale up of LGD retailing business, Goldiam would gain first mover advantage in the domestic market.
Goldiam is a niche jewellery manufacturer focussed on export markets with product profile of lab grown diamonds, and selling narrow range of diamond to established retailers. Faster than expected ramp up in the online and lab grown business along with the recent buy-back programme can lead to further increase in the earnings estimates and drive re-rating. Here’s why.