The company is targeting the rollout of 70 to 90 Origem Stores in 18 to 24 Months across India
Goldiam International, a diamond jewellery exporter and a player in the lab-grown diamonds (LGDs) has raised Rs 202 crore through a qualified institutional placement (QIP), with participation from marquee funds.
This fundraise will serve as the growth catalyst for Origem, Goldiam’s consumer-facing LGD jewellery brand in India, enabling an accelerated rollout of 70 to 90 stores across India over the next 18 to 24 months, the company said in an exchange filing.
“Origem, which has already launched six stores in the last 10 months, has received an encouraging response from customers, validating the company’s vision of building India’s leading LGD retail franchise,” the company added.
On a consolidated basis, Goldiam expects to deliver 15 to 20 per cent growth in both sales and profitability this year, driven by its dual growth engines, a global business-to-business (B2B) business and a fast-scaling Indian business-to-consumer (B2C) retail presence.
Goldiam’s export business is supported by its expanding presence in new markets such as the Middle East, Israel and Australia. The company pointed out that the business is de-risked from the recent United States tariffs on diamond jewellery, due to its ability to pre-manufacturing raw gold castings in the US directly.
