Asian Star Company

What Asian Star Company does

Asian Star Company Ltd is a Mumbai-headquartered diamond and jewellery company founded in 1971 and publicly listed on the Bombay Stock Exchange in the 'B' group. It operates within India's gems and jewellery sector — a vertical in which India processes approximately 9 out of 10 diamonds globally and which represents an industry-wide market on the order of $30 billion annually. The company is tracked alongside major international jewellers such as Chow Tai Fook, Richemont, and Signet Jewellers, indicating its position in cross-border diamond and jewellery trade. Vipul Shah serves as Chairman & Managing Director, leading a workforce of 1,001–5,000 employees.

The company's commercial activity centres on diamonds and gold jewellery, spanning the value chain from rough processing to finished jewellery for both domestic and export markets. Specific product SKUs, brand portfolios, technical platforms, and pricing models are not disclosed in the available source material. There is no indication of proprietary technology, digital channels, or differentiated platform architecture beyond standard diamond processing and jewellery manufacturing infrastructure.

The revenue model is anchored in B2B and wholesale activity in diamonds and jewellery, monetized through product sales and processing services across the gems and jewellery vertical. The company is classified as a public limited company under Indian jurisdiction. Customer-level information, contract structures, channel mix, and pricing details are not publicly disclosed, and there is no record of recent M&A, partnerships, regulatory actions, product launches, or management changes in the supplied sources. Headline financial indicators across 2022–2026 show a sustained multi-year decline in revenue, EBITDA, operating income, and net income, consistent with the broader downturn observed across the global diamond industry.

Name

Asian Star Company

Legal name

Asian Star Company Ltd

Website

https://asianstargroup.com

Company type

Public

Founded year

1971

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Asian Star Company Ltd is a Mumbai-based diamond and jewellery manufacturer and exporter founded in 1971, publicly listed on the Bombay Stock Exchange, and serving global wholesale and retail demand across the gems and jewellery vertical.

Ownership category

akta.pro rank

Product category

Diamond and Jewellery Manufacturing

NAICS

Jewelry and Silverware Manufacturing (339910)

SIC

Jewelry, Precious Metal (3911)

akta.pro primary industry

Diamond Cutting & Polishing (Manufacturing) (CRAKAJAA)

Keywords

• Diamond manufacturing
• Gemstone processing
• Jewellery fabrication
• Precious stone cutting
• Diamond jewellery export

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations

Core offering

Asian Star Company is a Mumbai-based diamond and jewellery manufacturer that cuts, polishes, and processes rough diamonds and coloured gemstones, and fabricates finished jewellery pieces. It supplies these products to wholesale buyers, jewellery brands, and retail channels in India and international markets. The company has been operating in this capacity since its founding in 1971.

Product overview

Asian Star Company Ltd is a gems and jewellery company listed on the Bombay Stock Exchange in the 'B' group. Based on the available source material, no specific product names, service offerings, or product portfolio details were found.

Differentiator

Problem solved

Functional benefit

Products and services

• Cut and polished diamonds
• Processed coloured gemstones
• Finished diamond and gemstone jewellery

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves3 records

Expansion highlights3 records

Direct peers

• Hari Krishna Exports: One of India's largest diamond manufacturers and exporters, headquartered in Mumbai — directly comparable to Asian Star in product mix (rough-to-polished diamonds), customer base (international jewellery wholesalers), and Indian hub scale.
• Venus Jewel: Mumbai-headquartered manufacturer and exporter of polished diamonds, with comparable employee scale and a focus on certified polished diamonds for global jewellery brands.
• KGK Group: India-based vertically integrated diamond, gemstone and jewellery group; comparable to Asian Star as an Indian-headquartered player combining upstream cutting with downstream jewellery exposure.
• Rosy Blue: Global diamond manufacturer and sightholder with deep Indian manufacturing operations through Rosy Blue (India) Pvt. Ltd; one of the closest scale and business-model analogues to Asian Star worldwide.
• Diarough: International diamond manufacturer with significant Indian operations; directly competes in the same polished-diamond category and serves similar jewellery-wholesale customers.
• Stargems DMCC: Dubai-based but India-linked diamond and gemstone trading house with manufacturing operations; comparable in trading-wholesale model and exposure to global polished-diamond demand.

Broad incumbents

• Signet Jewelers: Largest jewellery retailer in the US/UK (Kay, Zales, Jared); a downstream broad incumbent cited in source data as a comparable for tracking Asian Star's stock within the gems & jewellery vertical.
• Titan Company Limited: India's largest branded jewellery retailer (Tanishq, Mia, CaratLane), giving diversified downstream exposure to the same gems-and-jewellery sector Asian Star serves upstream.
• Richemont: Swiss luxury group with Hardrock, jewellery and watch maison — a much broader premium-jewellery incumbent, included because source data explicitly benchmarks Asian Star's stock against it.
• Chow Tai Fook Jewellery Group: Hong Kong-headquartered jewellery retail major — broader incumbent in the jewellery value chain, downstream of Asian Star's manufacturing position, and explicitly named as a market comparison in source data.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Asian Star Company