Goldiam Raises ₹202 Cr for Lab-Grown Diamond Retail Expansion

Goldiam International Ltd, a Mumbai-based diamond jewellery exporter on Thursday raised ₹202 crore through a Qualified Institutional Placement (QIP) to expand its lab-grown diamond retail brand, ORIGEM. The company has plans to open 70-90 ORIGEM stores across India in the next 18-24 months.

The jewellery exporter had launched six outlets in the past 10 months. Notably, this marks the largest funding round to date in the lab-grown diamond retail space in India, nearly double the size of the nearest venture capital-funded competitors.

“With the support of marquee investors, we are now well-positioned to accelerate ORIGEM’s expansion and bring lab-grown diamond jewellery to a much wider audience across India. Our vision is to make diamonds more sustainable, accessible, and aspirational,” said Anmol Bhansali, Director at Goldiam International Ltd.

The company stated that its export business continues to expand across regions such as the Middle East, Israel, and Australia. It added that Goldiam has managed to shield its business from the impact of US tariff moves by manufacturing some gold castings domestically.

Goldiam claimed that it has a debt-free balance sheet, strong cash flow generation, and a history of returning ₹200 crore to shareholders via dividends and buybacks over the past five years. It said that the company is well-positioned to deliver sustainable growth and enhanced shareholder value.

On a consolidated basis, Goldiam expects to deliver 15-20% growth in both sales and profitability this year. The company attributed this growth to its resilient global B2B business and a fast-scaling Indian B2B retail presence.

ORIGEM combines Goldiam’s expertise of supplying fine jewellery to top US retailers with a design-led approach crafted for Indian buyers. The company differentiates itself through cost leadership and contemporary designs drawn from its global bestsellers.

It offers a customer-first experience with ring builders, lifetime exchange, return policies, and customisation tools, with all products certified by third-party grading labs.