Goldiam raises ₹202 crore via QIP to fund lab-grown diamond retail expansion
Published on 21/08/2025 05:31 PM
Goldiam raises ₹202 crore via QIP to fund lab-grown diamond retail expansionGoldiam International shares ended 4.5% higher at a price of ₹363.55 on the BSE. The stock is down 9% over the last six months.By Poonam Behura August 21, 2025, 5:31:36 PM IST (Published)1 Min ReadGoldiam International Ltd, a Mumbai-based diamond jewellery exporter, said on Thursday it raised ₹202 crore through a qualified institutional placement (QIP) to accelerate the expansion of its lab-grown diamond retail brand, ORIGEM.
The company plans to open 70–90 ORIGEM stores across India over the next 18–24 months, compared with six outlets launched in the past 10 months.
Goldiam, which supplies fine jewellery to US retailers, said its export business continues to grow in markets including the Middle East, Israel and Australia, while remaining insulated from US tariff moves by manufacturing some gold castings locally.
The company, which has distributed nearly ₹200 crore to shareholders via dividends and buybacks over the past five years, said it expects consolidated sales and profit to grow 15–20% in the current fiscal year.
Goldiam International shares ended 4.5% higher at a price of ₹363.55 on the BSE. The stock is down 9% over the last six months.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!Tagsshare market today