Goldiam International Secures ₹60 Crore Order for Lab-Grown Diamond Jewellery
Goldiam International bags Rs 60 crore export order for lab-grown diamond jewellery
Business Standard
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Goldiam International has secured a purchase order worth ₹60 crore (approximately $7.2 million USD) for lab-grown diamond jewellery from clients in the United States. The order is set to be fulfilled by August 30, 2026, and reflects the company's growing presence in the international market.
- 01Goldiam International received a ₹60 crore export order for lab-grown diamond jewellery.
- 02The order is scheduled for completion by August 30, 2026.
- 03The company reported a 37% YoY increase in net profit for Q3 FY26.
- 04Goldiam's revenue rose 18% YoY to ₹339.7 crore in Q3 FY26.
- 05The company is expanding its retail presence in India under the brand ORIGEM.
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Goldiam International, an integrated manufacturer and exporter of fine diamond jewellery, has announced a significant purchase order valued at ₹60 crore (approximately $7.2 million USD) for lab-grown diamond jewellery from international clients in the United States. This order is expected to be executed on or before August 30, 2026. The company clarified that its promoters have no interest in the awarding entity, ensuring the contract does not fall under related-party transactions. In its recent financial report, Goldiam International revealed a 37% year-on-year increase in net profit, reaching ₹68.4 crore in Q3 FY26, up from ₹49.8 crore in the same quarter last year. Revenue also saw an 18% year-on-year growth, totaling ₹339.7 crore, compared to ₹288 crore in Q3 FY25. Additionally, Goldiam is expanding its retail operations in India with the launch of its brand ORIGEM, focusing on lab-grown diamond jewellery.
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The order signifies a strong demand for lab-grown diamond jewellery, which may lead to increased production and job opportunities within Goldiam International and its supply chain.
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