Goldiam International

What Goldiam International does

Goldiam International Limited (NSE: GOLDIAM, BSE: 526729) is a Mumbai-based, publicly listed diamond jewellery manufacturer founded in 1986 and controlled by the Bhansali family. The company operates a fully backward-integrated manufacturing facility in SEEPZ, Mumbai, with in-house capabilities spanning hand sketching, CAD-based 3D design, precision diamond setting, and quality control, supported by design teams in both India and the United States and a dedicated sales office in New York. It sources 4C-graded diamonds through a network spanning Australia to Belgium and delivers standard products in under six weeks from design to dispatch.

The company's primary revenue stream is B2B OEM jewellery manufacturing for leading global branded retailers, departmental stores, and wholesalers in the United States and Europe, with exports also reaching the Middle East, Australia, and Canada. Approximately 90.5% of the current sales mix comes from lab-grown diamond jewellery — a strategic pivot reinforced by the 2021 acquisition of Eco-Friendly Diamonds LLP. In October 2024 the company launched ORIGEM, a domestic B2C retail brand for lab-grown diamond jewellery, scaling to 25 operational stores by June 2026 with a stated target of 100-125 stores within 24-36 months. A second business vertical was opened in May 2026 with a Letter of Intent for a Rs 630 million EPC contract to build a greenfield tyre plant in Cameroon.

Goldiam reported FY2026 revenue of Rs 976.86 crore (up 25.08% YoY) and net profit of Rs 170.59 crore (up 45.77% YoY), supported by a net-debt-free balance sheet (debt-to-equity 0.07) and cash holdings exceeding Rs 504 crore. Capital management actions include a Rs 202 crore Qualified Institutional Placement in August 2025, a 1:3 bonus issue announced in May 2026 (the first in approximately 21 years), and an interim dividend declared alongside Q3 FY26 results. Leadership comprises Executive Chairman Rashesh Manhar Bhansali and Managing Director Anmol Rashesh Bhansali, representing the founding family's second generation of involvement in the business.

Name

Goldiam International

Legal name

Goldiam International Limited

Website

https://goldiam.com

Company type

Public

Founded year

1986

Operating status

Operating

Headcount range

101–250 employees

Short description

Goldiam International is a Mumbai-based, publicly listed diamond jewellery manufacturer founded in 1986, serving global retailers in the US and Europe via OEM partnerships, with 90.5% of sales now from lab-grown diamonds and a growing domestic ORIGEM retail brand.

Ownership category

akta.pro rank

Product category

Luxury Diamond Jewelry Manufacturing

NAICS

Jewelry and Silverware Manufacturing (33991), Jewelry Retailers (458310), Clothing, Clothing Accessories, Shoe, and Jewelry Retailers (458)

SIC

Jewelry, Precious Metal (3911), Retail-Jewelry Stores (5944), Wholesale-Jewelry, Watches, Precious Stones & Metals (5094)

akta.pro primary industry

Fine Jewelry Manufacturing (Precious Metals & Gem-Set) (CRAKAIAA)

akta.pro secondary industries

Diamond Jewelry (CRAKAAAA), Bridal & Engagement Jewelry Retail (CRAKAGAC), Precious Metal Jewelry (Gold/Platinum/Silver) (CRAKAAAD), Jewelry, Watches & Luxury Omnichannel (CRAFAEAH)

Keywords

• Diamond jewelry manufacturing
• Lab-grown diamonds
• OEM jewelry production
• Bridal jewelry export
• Luxury jewelry retail

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. B2B Jewellery Export: Goldiam functions as the manufacturer of choice to many leading global branded retailers, departmental stores and wholesalers across American and European markets. The company exports gold, silver, platinum, natural and lab-grown diamond jewellery to markets including the United States, Europe, the Middle East, Australia and Canada. This is the primary revenue stream with approximately 90.5% from lab-grown diamond jewellery segment.
2. Domestic Retail - ORIGEM Brand: The company is rapidly expanding its domestic retail presence under the ORIGEM lab-grown diamond jewellery brand, having signed LOIs for 20 additional stores and targeting 24-26 total stores by end of FY26, with long-term target of 100-125 stores within 24-36 months.
3. EPC Services - Tyre Manufacturing: Goldiam received a Letter of Intent from Cameroon Tyres Factory Project SA for engineering, procurement, and construction works on a greenfield tyre plant in Cameroon valued at Rs 630 million (approximately Rs 7,000 crore), marking diversification beyond core jewellery business.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Goldiam International is a fully integrated OEM manufacturer of diamond and lab-grown diamond jewelry, producing engagement rings, wedding bands, bridal sets, earrings, pendants, and necklaces for global retail chains and departmental stores primarily in the US and Europe. The company exports ~90.5% of its mix in lab-grown diamond jewelry and has launched the ORIGEM retail brand in India for direct-to-consumer sales. A new EPC services line for a tyre plant in Cameroon represents diversification beyond jewelry.

Product overview

Goldiam International operates as a specialist diamond jewelry manufacturer serving global B2B customers (retailers, departmental stores, wholesalers) primarily in American and European markets, while also having launched ORIGEM, its own lab-grown diamond retail brand targeting the Indian domestic market. The core product portfolio includes Engagement Rings, Wedding Bands, Anniversary Rings, Bridal Sets, Earrings & Pendants, and Necklace & Earrings sets. The company has undergone a strategic pivot with 90.5% of its sales now from lab-grown diamonds, positioning ORIGEM as the consumer-facing brand complementing its established B2B export business. The company operates as a fully integrated manufacturer with in-house capabilities spanning design, diamond sourcing (4C principle), CAD technology, precision manufacturing, and quality control.

Differentiator

Problem solved

Functional benefit

Brands

• ORIGEM: Lab-grown diamond jewellery retail brand operating in India with multiple store locations across cities including Mumbai, Navi Mumbai, Bandra, and others. The brand targets the growing domestic market for ethically sourced, affordable lab-grown diamond jewellery.

Products and services

• Engagement Rings Diamond engagement rings offered in a wide range of designs, from traditional to extravagant styles, with quick turnaround from design to delivery.
• Wedding Bands Diamond wedding rings crafted for special occasions, designed to last for generations with sparkling center stones.
• Anniversary Rings Anniversary rings designed to cement bonds of love, featuring graceful solitaires created by award-winning designers.
• Bridal Sets Themed bridal sets made from finest diamonds with exquisite settings, featuring eye-catching center stones and cohesive design.
• Earrings & Pendants Diamond earrings and pendant combinations ranging from trendy and smart to minimalistic designs suitable for daily fashion wear.
• Necklace & Earrings Fashion jewelry combining necklaces and earrings with distinctive styling, design accentuations, and settings for complete ensemble coordination.
• ORIGEM Lab-Grown Diamond Retail Brand Lab-grown diamond jewelry retail brand operating company-owned stores across India targeting the mid-to-affordable segment for bridal and fashion jewelry. Now represents 90.5% of Goldiam's sales mix with 25 stores operational by June 2026 and a target of 100-125 stores within 24-36 months.
• Diamond Jewelry Manufacturing Services (OEM) Fully integrated OEM manufacturing service for retailers providing end-to-end diamond and lab-grown diamond jewelry production including design, sourcing, CAD, precision manufacturing, and delivery with sub-6-week turnaround time. Sold under retailer private labels with customization in packaging, branding and positioning.
• Digital 3D Ring Builder Customer-facing digital tool for designing and visualizing custom engagement rings in 3D before purchase, deployed by Goldiam's ORIGEM retail brand to support custom lab-grown diamond ring purchases.

Quantifiable outcome

• Q3 FY26 revenue of ~Rs 340 crore with EBITDA margins of 26.7% and PAT margins of 20.1%
• +4 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Cameroon Tyres Factory Project SAminorOthers · 11 May 2026Goldiam International received a Letter of Intent from Cameroon Tyres Factory Project SA for engineering, procurement, and construction works on a greenfield tyre plant in Bekoko, Douala, Cameroon. The facility will have a production capacity of 7.6 million tyres per annum, expected to be completed within 36 months. The project value is Rs 630 million (approximately Rs 7,000 crore).

Scale indicators16 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Kiran Gems: One of the world's largest rough and polished diamond manufacturers based in India, serving global B2B retail customers. Most directly comparable to Goldiam's OEM manufacturing model and customer base in US/EU markets.
• Renaissance Global: Indian-listed diamond and lab-grown diamond jewellery manufacturer and exporter. Closely matches Goldiam's pivot to LGD and US-focused export strategy.
• Rosy Blue: Global diamond manufacturer and supplier headquartered in Antwerp with Indian manufacturing operations. Closely comparable B2B diamond OEM model serving international jewellery retailers.
• Brilliant Earth: US-based D2C retailer of ethically sourced and lab-grown diamond jewellery. Most directly comparable consumer-facing LGD brand competing for the same US mid-market bridal consumer.
• WD Lab Grown Diamonds: US-domiciled producer of lab-grown diamonds supplying retailers and wholesalers. Comparable as a US-based LGD supplier competing for share of the same end-market Goldiam exports into.
• Shree Ramkrishna Exports (SRK): Major Indian diamond manufacturer and exporter with vertically integrated operations. Competes with Goldiam for global retail and departmental-store OEM contracts across American and European markets.

Broad incumbents

• Swarovski: Global premium jewellery and accessories brand that has expanded into lab-grown and created-diamond lines. Comparable as a global branded jewellery player with a parallel pivot to LGD.
• Kalyan Jewellers: Large Indian jewellery retail chain with significant bridal and diamond offerings. Comparable to ORIGEM as an India-focused omnichannel jewellery retailer, though broader in product mix (gold-heavy).
• Titan Company (Tanishq / Mia): India's largest branded jewellery retailer and a Tata group company. Overlaps with Goldiam through Tanishq's bridal and diamond jewellery retail and through Titan's broader luxury play, though at vastly greater scale and breadth.
• Tribhovandas Bhimji Zaveri (TBZ): Heritage Indian jewellery retailer with bridal and diamond focus. Provides retail benchmark for ORIGEM's D2C ambitions and bridal positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/goldiam-international-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries4 records

Funding overview

Funding rounds1 record

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 Goldiam International