Goldiam International Limited has reported a significant business milestone with the acquisition of new export orders of ₹800 million (₹80 crore) for diamond-studded gold jewellery made from lab-grown diamonds. This development not only reflects the company's strong growth path but also indicates increasing global demand for eco-friendly and ethically produced diamond jewellery.
Brief Introduction
Goldiam International, a high-volume manufacturer and exporter of diamond-studded jewelry, is further consolidating its position in the international market. The latest export orders for lab-grown diamonds show both a tactical emphasis on innovation and compliance with changing consumer trends, particularly in overseas markets.
Order Details and Fulfillment
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Goldiam International has secured export orders of ₹800 million for lab-grown diamond-studded gold jewelry.
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The orders are placed by foreign customers and are planned to be filled on or prior to July 8, 2025.
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These agreements are separate from the company's e-commerce revenues, and it is a strong operational lift for the short term.
Strategic Emphasis on Lab-Cultured Diamonds
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The lab-grown diamond business of the company now accounts for 68% of its revenues, up strongly from 33% in Q1 FY24 and 54% in Q4 FY24.
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The expansion is fueled by growing demand from key US retailers and a wider trend in consumer behavior towards eco-friendly jewellery.
Market Trends and Business Impact
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Goldiam's success results from creative designs, prompt delivery, and excellent customer care, cementing its image as a value supplier of choice in international markets.
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The international market for cultured diamonds has stabilized following a phase of price fluctuation, with the problem of oversupply correcting itself and prevailing prices steady.
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The firm is taking advantage of its state-of-the-art manufacturing facilities at the Santacruz Electronics Export Processing Zone (SEEPZ) in Mumbai to address growing demand.
Increased Business Momentum
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Goldiam's order book on a cumulative basis has crossed ₹2 billion (₹200 crore), with most new orders being for lab-grown diamond jewellery.
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The business recorded a 40% year-on-year revenue growth in Q1 FY25, driven by a healthy EBITDA margin and high growth in profit, further building its market momentum.
Sustainability and Ethical Sourcing
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The spike in lab-grown diamond orders also reflects global trends towards sustainability and increasing consumer pressure for ethically sourced gems.
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Goldiam's entry into lab-grown diamonds puts it at the forefront of the industry shift towards sustainable and innovative jewellery solutions.
Relevant Sources: Business Upturn, goldiam, Angel One, dalalbroacha, Business Standard
