Suashish Diamonds
Suashish Diamonds Ltd. is a privately held Mumbai-based group manufacturing cut and polished diamonds and diamond jewellery across four factories with 2M+ pieces annual capacity, serving diamond houses, retailers, and online stores via direct B2B sales, drop-shipment services, and wholly-owned subsidiaries in the US and Canada.
- Company typePrivate
- Founded1975
- HeadquartersMumbai, India
- Headcount251–500
- GTM typeB2B
- OfferingHardware or Manufacturing
What Suashish Diamonds does
Suashish Diamonds Ltd. is a privately held, Mumbai-based diversified group founded around 1975 by Ramesh Kumar Goenka, with current leadership under Chairman Ashish Goenka and President of US operations Lavina Goenka. Its core business spans the sourcing, cutting, and manufacturing of natural diamonds and diamond jewellery, using a proprietary laser-cutting technology across four factories in Mumbai that have a combined capacity of over 2 million pieces annually. The group's manufacturing footprint is supported by an inventory tracking system and a 70,000+ design catalogue, with approximately 1,000 new designs created monthly and a three-tier quality assurance system that absorbs close to 10% of its 251–500 employee base.
Beyond manufacturing, Suashish operates a third-party drop-shipment jewellery service offering over 5,000 designs to online stores, catalogue merchants, department stores, and wholesale retailers across North America and India, processing 1 to 5,000 orders per day on a fixed per-order fee. The group also owns the Suashish IT Park at Borivali, Mumbai, which is leased to marquee clients alongside own use, and runs two investment arms through its family office: early-stage equity capital for start-ups and growth capital for established players via equity, debt, or mezzanine financing. Subsidiaries include Suashish Jewels Inc. (USA) and Suashish Jewels Canada Inc. (Canada), enabling direct B2B relationships with established diamond houses, chains, and independent high street retailers globally.
The go-to-market combines enterprise field sales into diamond houses and retailers, wholesale manufacturing partnerships, and channel-led drop-shipment fulfilment. Revenue is generated across B2B diamond and jewellery sales, transaction fees for drop-shipment processing, real estate leasing, and capital returns from investments. Kimberley Process compliance underpins its ethical sourcing claims, and the company has received recognition from the Ministry of Commerce (India), Government of Maharashtra, and The Gem & Jewellery Export Promotion Council.
Suashish Diamonds firmographics
Firmographics- Name
- Suashish Diamonds
- Legal name
- Suashish Diamonds Ltd.
- Website
- https://suashish.com
- Company type
- Private
- Founded year
- 1975
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Suashish Diamonds Ltd. is a privately held Mumbai-based group manufacturing cut and polished diamonds and diamond jewellery across four factories with 2M+ pieces annual capacity, serving diamond houses, retailers, and online stores via direct B2B sales, drop-shipment services, and wholly-owned subsidiaries in the US and Canada.
- Ownership category
- akta.pro rank
Suashish Diamonds industry classification
Industry- Product category
- Diamond and Jewellery Manufacturing
- SIC
- Jewelry, Precious Metal (3911), Wholesale-Jewelry, Watches, Precious Stones & Metals (5094)
- akta.pro primary industry
- Diamond Cutting & Polishing (Manufacturing) (CRAKAJAA)
- akta.pro secondary industries
- Diamond Jewelry (CRAKAAAA), Fine Jewelry Manufacturing (Precious Metals & Gem-Set) (CRAKAIAA), Polished Diamond Trading & Brokerage (CRAKAJAD)
Keywords
Where Suashish Diamonds is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Offices9 records
Markets served
Suashish Diamonds business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Operations, Infrastructure, Marketing or Sales
Revenue model
- Diamond Manufacturing and Sales: Manufacture and sale of cut and polished diamonds, prepared rough, and proprietary diamond brands. Revenue generated through direct sales to established diamond houses, chains, and independent retailers globally.
- Diamond Jewellery Manufacturing: Four factories in Mumbai with capacity to manufacture over 2 million pieces annually. Product database of over 70,000 designs with approximately 1,000 new designs created monthly. Revenue from B2B sales to retailers.
- Third-Party Drop Shipment Services: Drop shipment model offering jewellery products to retailers. Charges a fixed per order processing cost. Services retailers with order quantities ranging from 1 to 5,000 orders per day.
- Real Estate Leasing: IT Park at Borivali, Mumbai developed for own use and leasing to marquee clients.
- Equity Capital Investment Returns: Invests in startups through equity, debt or mezzanine financing. Returns generated through exits and capital appreciation from investee companies.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Drop shipment per order processing |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels1 record
Suashish Diamonds product offering
Product offeringCore offering
Suashish Diamonds is a manufacturer and global supplier of cut and polished diamonds and diamond jewellery, operating four factories in Mumbai with capacity for over 2 million pieces annually and a 70,000+ design database. The company also runs a third-party jewellery drop shipment fulfilment service, a commercial real estate (IT Park) in Mumbai, and equity/growth capital investment arms.
Product overview
Suashish Diamonds is a diversified conglomerate spanning five decades, operating multiple independent business verticals that leverage shared synergies and global partnerships. The core products are Diamonds and Diamond Jewellery, where the company manufactures over 2 million pieces annually with a database of 70,000+ designs. Supporting services include a third-party jewellery drop shipment model serving retailers across North America and India, an IT Park real estate venture in Mumbai, and two investment arms: Equity Capital for Start-Ups providing early-stage venture funding, and Growth Capital for Established Players offering equity, debt, or mezzanine financing to scaling businesses.
Differentiator
Problem solved
Functional benefit
Brands
- Suashish Jewels: Jewellery brand operating under Suashish Diamonds Ltd., with presence in India, USA, and Canada through subsidiaries.
- SDL (Suashish Diamonds Ltd.)
Products and services
- Diamonds Natural diamond sourcing, cutting, and manufacturing. SDL is amongst an elite group of leading manufacturers and exporters of diamonds in India, using proprietary laser technology for precision cutting. Serves established diamond houses, chains, and independent high street retailers globally.
- Diamond Jewellery Diamond jewellery manufacturing with four factories in Mumbai capable of producing over 2 million pieces annually. Features over 70,000 designs in the database with approximately 1,000 new designs created monthly, a three-tier quality assurance system, and B2B/private/white label production for retailers.
- Jewellery 3rd Party Drop Shipments Third-party drop shipment model offering over 5,000 jewellery designs to retailers across North America and India. Services include warehousing, order processing, personalization, packing, shipping, and returns handling, with a fixed per-order processing cost supporting retailers with order volumes from 1 to 5,000 orders per day.
- Real Estate (IT Park) Commercial IT Park development at Borivali, Mumbai, used for own operations and leased to marquee clients with state-of-the-art facilities.
- Equity Capital for Start-Ups Venture capital and smart equity funding for early-stage startups seeking to create disruptive billion-dollar businesses, with support in business development and market penetration.
- Growth Capital for Established Players Growth capital investment for established businesses through equity, debt, or mezzanine financing, positioned as a long-term smart equity investor for companies at the cusp of exponential growth.
Quantifiable outcome
- 4 factories with capacity to manufacture over 2 million pieces annually
- +2 more outcomes
Companies that use Suashish Diamonds
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles5 records
Suashish Diamonds technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Suashish Diamonds partnerships and signals
Strategic signalScale indicators8 records
Recent moves6 records
Expansion highlights5 records
Suashish Diamonds competitors and assessment
Company assessmentDirect peers
- Dimexon Diamonds: Diamond cutting and polishing manufacturer with operations spanning India and global markets. Comparable in manufacturing technology focus, B2B customer base, and ethical sourcing (Kimberley Process) credentials.
- Rosy Blue: Leading global diamond manufacturer and marketer with deep Indian manufacturing operations. Directly comparable to Suashish in diamond cutting, polishing, and B2B sales to jewellery retailers worldwide.
- Kiran Gems: India's largest diamond manufacturer, focused on cut and polished diamonds for global markets. Highly comparable to Suashish's core diamond cutting and polishing business, operating at significantly greater scale and supplying similar diamond houses and retailers.
- Hari Krishna Exports: Major Indian diamond manufacturer and exporter with global distribution. Closely comparable to Suashish's diamond manufacturing and wholesale operations and serves a similar B2B retail customer base.
- Shrenuj: Indian diamond and jewellery manufacturer with global distribution. Comparable to Suashish in the integration of diamond processing with diamond jewellery manufacturing and B2B sales to retailers.
- Asian Star Company: Indian-listed diamond and jewellery company engaged in cutting, polishing, and jewellery manufacturing with global retail and B2B distribution. Closely aligned with Suashish's diamond-to-jewellery integrated business model.
Broad incumbents
- Titan Company (Tanishq): Largest Indian jewellery retail and manufacturing group (Tata group). A broad incumbent that overlaps with Suashish's diamond jewellery manufacturing but operates at vastly greater scale and a primarily retail/D2C model.
- Malabar Gold & Diamonds: Major Indian-origin jewellery retailer and manufacturer with global store network. Comparable in diamond jewellery manufacturing and B2B/retail supply, but operates at far greater scale and a much larger retail footprint.
- Kalyan Jewellers: Large Indian jewellery retail and manufacturing group with international presence. Overlaps with Suashish on diamond jewellery manufacturing and B2B sourcing, but is a much larger retail-led incumbent.
Emerging players
- PC Jeweller: Indian-listed diamond and gold jewellery manufacturer-retailer. Comparable in diamond jewellery manufacturing and B2B distribution, but a smaller and more retail-focused player than Suashish's diversified diamond-to-jewellery model.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Suashish Diamonds social profiles
Digital presenceSuashish Diamonds compliance and trust
Trust signalCompliance1 record
Suashish Diamonds financial estimates
Financial estimateRevenue estimate
Valuation estimate
Suashish Diamonds leadership team
Management profileNumber of profiles
Profiles3 records
Suashish Diamonds subsidiaries and ownership
Company hierarchySubsidiaries3 records
Suashish Diamonds funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Suashish Diamonds M&A and investment
M&A and investmentM&A
Investments4 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Suashish Diamonds
What does Suashish Diamonds do?
Suashish Diamonds is a manufacturer and global supplier of cut and polished diamonds and diamond jewellery, operating four factories in Mumbai with capacity for over 2 million pieces annually and a 70,000+ design database. The company also runs a third-party jewellery drop shipment fulfilment service, a commercial real estate (IT Park) in Mumbai, and equity/growth capital investment arms.
Is Suashish Diamonds a public or private company?
Suashish Diamonds is a private company. It is classified as family owned and is currently operating.
When was Suashish Diamonds founded?
Suashish Diamonds was founded in 1975. It employs 251 to 500 people.
Where is Suashish Diamonds based?
Suashish Diamonds is headquartered in Mumbai, India, in the Asia region.
How does Suashish Diamonds make money?
Five revenue lines are on record. Diamond Manufacturing and Sales are the primary driver. The others are diamond Jewellery Manufacturing, third-Party Drop Shipment Services, real Estate Leasing and equity Capital Investment Returns.
Who are Suashish Diamonds's main competitors?
Direct peers on record are Dimexon Diamonds, Rosy Blue, Kiran Gems, Hari Krishna Exports, Shrenuj and Asian Star Company. Broad incumbents are Titan Company (Tanishq), Malabar Gold & Diamonds and Kalyan Jewellers. PC Jeweller is listed as an emerging player.
Does Suashish Diamonds have an API?
No public API is recorded for Suashish Diamonds.
What industry is Suashish Diamonds in?
Suashish Diamonds's product category is Diamond and Jewellery Manufacturing. Its primary akta.pro industry code is CRAKAJAA, Diamond Cutting & Polishing (Manufacturing), with a secondary code of CRAKAAAA, Diamond Jewelry. Its SIC code is 3911.