Goldiam International shares jumped over 3% in morning trade after the company successfully raised ₹202 crore through a Qualified Institutional Placement (QIP). As of 9:51 AM, the shares were trading 3.55% higher at Rs 375.95.
The fresh capital will primarily fuel the rapid expansion of ORIGEM, Goldiam’s consumer-facing lab-grown diamond (LGD) jewellery brand in India. Backed by this funding, ORIGEM plans to roll out 70–90 stores across the country over the next 18–24 months. The brand has already launched six outlets in the past ten months, receiving encouraging customer response that validates Goldiam’s vision of building India’s leading lab-grown diamond retail franchise.
This QIP marks the largest-ever funding round for a lab-grown diamond retail venture in India—almost double the size of the closest venture capital–backed competitors. The milestone highlights robust investor confidence in the surging demand for LGD jewellery, which is fast gaining traction for its sustainable and affordable luxury appeal.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
